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Collection Firm Sues, Alleges Hospital Sold Worthless Debt
A collection agency has gone to federal court in Miami claiming that Jackson Memorial Hospital shortchanged the company to the tune of $878 million by selling it a portfolio of uncollectible debts. International Portfolio sued the hospital and Miami-Dade County, which operates the facility, alleging bad-faith dealings involving deceased debtors and sloppy accounting. In part, IPI claims that the hospital hired another company to collect for the hospital on some of the debts that IPI had bought.NFL May Sue Insurer Over Costs of Clarett Defense
The National Football League's suit against its insurance company, which seeks reimbursement for about $1 million the NFL spent defending itself against an antitrust suit filed by running back Maurice Clarett, will go forward following a New York court's reversal Tuesday. In the underlying suit, the Ohio State freshman alleged that the NFL's draft eligibility rules violate the Sherman and Clayton acts. Clarett won in 2003 before a New York federal court, but the following year, the 2nd Circuit reversed.
Associate Salaries: The War is Over
It goes without saying that the associate salary wars are over. Firms have responded to a drop in business and a glut of talent with salary freezes and cuts, or even a wholesale revamping of pay scales. And some industry experts predict that market rates will blur further as more firms shift from lockstep models to merit-based compensation. But the retrenching effort so far hasn't affected first-years nearly so much as midlevel associates, according to The Recorder's annual survey of associate salaries.
GC Helps Red Hat Change the Technology World
Red Hat Inc., the world's leading open-source and Linux software provider, offers a comprehensive line of software subscriptions, services and support. Its customers include a constellation of academic and research institutions, all levels of government and a who's-who list of corporations. GC Michael Cunningham says "it is a privilege to participate in a company like Red Hat that is doing some good around the world as well as making a profit."
Pepper Hamilton Raising First-Year Associates' Salaries by $20,000
Pepper Hamilton increased its first-year associate salary by $20,000 from where it was this time last year, moving to $145,000 at six offices effective Sept. 1. Executive partner Robert Heideck says the firm decided to announce the salary increases a little bit later than other firms because it believes the best time to do so is right before the summer associates arrive and a few months before the new associate class begins. But one consultant says Pepper Hamilton's increase is a bit surprising.Silicon Valley Sees Hot Day in the In-House Market
GC Donald Rosenberg's sudden exit from Apple shook Silicon Valley Friday -- as did the news that his high-profile replacement is Oracle Corp.'s Daniel Cooperman. Rosenberg, who joined Apple last fall as the company grappled with stock option backdating trouble, will stay in California at San Diego-based Qualcomm Inc., a company with its own share of legal troubles, including a wide array of litigation against rival Broadcom. Meanwhile, Oracle promoted one of its own, Dorian Daley, to fill Cooperman's spot.Philip Morris Suit Proceeds Against Sales on Internet
Tobacco giant Philip Morris USA won a legal victory in its attempt to crack down on sales of its cigarettes that are manufactured overseas but sold online to U.S. customers, when a federal judge in New York denied a motion to dismiss one such case it is pursuing. The judge held that the tobacco manufacturer's trademark infringement allegations were "sufficient to raise an inference that defendants' sales of foreign Philip Morris brand cigarettes into the United States could be misleading to consumers ... ."TRENDING STORIES
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