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Willie Gary feels $1 billion verdict 'in my bones'
Veteran litigator Willie Gary is trying his first tobacco case on behalf of an elderly smoker in Tampa with cancer of the larynx and esophagus.Emirates Airline's growth takes off with 245 new planes
Emirates Airline has ordered a jaw-dropping 245 new wide-body planes, but the company's president shuns suggestions that he wants to create the world's biggest airline."I'm not bothered personally if that makes us the biggest or not," Emirates President Tim Clark said in an interview.Aviation analysts say that in fact the airline's unprecedented rate of growth would make it the world's largest within the next decade.Economic data better than public
It's never easy to separate politics from policy, and the past 18 months have only increased the degree of difficulty. The United States has been through a historic financial crisis followed by a historic election and a series of historic federal gambles-from bailing out American International Group Inc. and General Motors Co.Deal Watch: PoGo's client lifts off with Global deal
Correction appended: See below for a correction to this story.A GEORGIA AIRLINE that specializes in transporting military troops looked to Powell Goldstein partners for advice on being bought by another air-transport firm.G. William Speer, along with partners Thomas R. McNeill, Suzanne J. Roberts and Richard L. Arenburg, are advising a special committee of directors at World Air Holdings Inc.3rd Circuit Ruling Eases Bankruptcy Trustee Suits Against Corporate Officers
A 3rd Circuit decision this week is likely to stir up the atmosphere in board rooms and executive offices nationwide by making it significantly easier for bankruptcy trustees to file suit against corporate directors and officers for alleged breaches of their fiduciary duties. The panel revived a suit against the former officers and directors of the defunct charter airline Tower Air Inc. in which the trustee claims they drove the company into insolvency by indifference and egregious decisionmaking.United Airlines Machinists, Mechanics Announce Contract Agreements
United Airlines and its machinists' union announced an agreement in principle on a contract Tuesday, narrowly heading off the need for a bankruptcy judge's ruling that could have triggered a strike. The agreement came just hours after United's mechanics ratified a five-year contract, giving the nation's No. 2 airline a pair of crucial labor victories that it needed to avoid an employee walkout and strengthen its bid to come out of bankruptcy.Attorney recovers in three cases for crash victims
Aviation attorney Steven Marks, who worked for the families of Russian schoolchildren who died in a mid-air plane collision, said this was the first case of a U.S. aviation manufacturer being held liable in Europe.Bush administration paid $5 million reward to Moussaoui tipster, colleagues wonder why
Pleading Gets a Little Easier in Cases of D&O Liability
One of the potential assets of a corporation's bankruptcy estate - sometimes the only significant asset - is a claim against the debtor's directors alleging various breaches of the fiduciary duties they owed to the debtor, its shareholders and creditors.State AI Legislation Is on the Move in 2024
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