0 results for 'Cleary Gottlieb'
U.S. Firms in London Say They're More Merger-Minded
Legal Week's annual survey of U.S. firms in London reveals that 47 percent of respondents would consider a merger with a U.K. firm, up from 39 percent last year and just 29 percent in 2005. The trend may signal that firms realize how hard it is to grow organically in the London legal market, which by some measures is now the most costly in which to operate worldwide. Putting additional pressure on U.S. firms: the weak dollar and the related disadvantage in attracting heavy-hitting London partners.For the second time in less than a week, a Delaware Chancery Court judge had harsh words for a CEO seeking to sell his company in a multibillion-dollar deal, but stopped short of blocking the proposed sale.
Do Andrew Cuomo and his crackerjack staff have ESP? There are no lawyers in America with a more acute ability to predict the issues that will rouse public ire--and to jump into the lead on them. Late Wednesday, New York state supreme court justice Bernard Fried made Cuomo a populist hero by rebuffing BofA's efforts to keep secret the names of Merrill executives who received $3.6 billion in bonuses at the end of 2008.
A low-budget DVD called "Chooch" caused trouble for Steven Rattner, who agreed to settle SEC charges that he participated in a pay-to-play scheme with New York state officials when he was a principal at the Quadrangle Group.
Until this week, only two judges had limited standing for mortgage-backed securities claims to plaintiffs who purchased certificates in specific MBS tranches, and both of those judges were on the west coast. Now, in a big win for JPMorgan and its lawyers at Sidley Austin, tranche-level standing has gained a foothold in the Second Circuit. Plus: Are investors close to their first MBS class settlement with Citigroup?
If you're waiting for the list of 200 Merrill Lynch bonus recipients, you'll have to hold on a little while longer: The judge overseeing the fight between New York AG Andrew Cuomo and Bank of America has promised to rule on releasing the names by March 20. Meanwhile, House Democrats say the bank has some explaining to do.
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