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September 03, 2009 |

Ropes & Gray Leads on Pfizer's Record $2.3 Billion Settlement

Ropes & Gray took the lead among several firms in advising Pfizer on its decision Wednesday to pay $2.3 billion in fines and penalties to settle charges it illegally marketed several drugs for off-label uses and paid kickbacks to doctors, according to lawyers on the deal. The settlement is believed to be the largest health care fraud settlement in U.S. history, according to the Justice Department. In all, six whistleblowers will split $102 million in proceeds from the settlement; the legal fees paid are confidential.
4 minute read
February 21, 2007 |

Marketplace

Capstone Equities has purchased the pyramid-roofed, 37-story former Banker's Trust tower at 14 Wall Street for $325 million. The one million square-foot property was previously owned by Leviev Boymelgreen. Also, Quinn Emanuel Urquhart Oliver & Hedges will take up additional space at its New York City quarters at 51 Madison Avenue.
4 minute read
September 24, 2010 |

On The Move

Announcements about lawyers, firms and judges.
2 minute read
Arab Bank Can't Undo Sanctions in Terror Funding Case
Publication Date: 2013-01-21
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Despite the efforts of Mayer Brown's Stephen Shapiro, Amman, Jordan-based Arab Bank plc failed last week to reverse what it has called a "disastrous" ruling in its billion-dollar court battle with victims of terrorist attacks and their families.

February 24, 2010 |

Seyfarth Shaw plans to link merit pay and billing rates for associates

Seyfarth Shaw rolled out more details Wednesday on how its new merit-based compensation system for associates will work. The new merit levels will be the basis for how much the firm charges clients for associates' legal services, the firm said.
3 minute read
June 05, 2009 |

SEC Goes After Countrywide CEO and Other Top Execs

The Securities and Exchange Commission is going after its highest-profile target yet as it sorts through the wreckage of the subprime mortgage meltdown: former Countrywide Financial CEO Angelo Mozilo, who has been charged with securities fraud and insider trading. Also charged are Countrywide's former COO and president and its former CFO. The SEC accuses the three senior executives of misleading the market by falsely assuring investors that Countrywide was primarily a prime-quality mortgage lender.
3 minute read
August 29, 2006 |

What I Learned This Summer at ILTA'06

What did law firm tech personnel take away from the International Legal Technology Association's 29th annual meeting in Orlando, Fla., last week? Brett Burney, legal practice support coordinator at Thompson Hine in Cleveland, has some thoughts.
4 minute read
November 01, 2009 |

Less Than Zero

With no debt, but hefty capital calls, K&L Gates may be the model recession-era law firm. Under chairman Peter Kalis (photo at left), the firm's growth has exploded as K&L tries to meet the legal needs of its clients around the globe.
17 minute read
November 14, 2005 |

Phila. Leads Pack in Summer Associate Survey

Philadelphia law firms evidently have something new to crow about: the success of their summer associate programs.
6 minute read
November 17, 2009 |

A U-Turn to Avoid Regulatory Roadblocks

Just as signs of life are emerging from the deal market with credit thawing and companies peeking out from their protective shells, Utz Quality Foods pulled out of a deal to be acquired by Snyder's of Hanover after the FTC requested more details from the company in a second round of information-gathering done as the commission reviewed the deal for approval. The collapse of the deal raises questions about whether an increased regulatory climate could stall the comeback of corporate unions.
5 minute read

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