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Wiley Rein, Insurer Sanctioned $1.25 Million
Failure to disclose a key insurance document for the Port Authority at the World Trade Center in the aftermath of the 9/11 attacks and other discovery abuses will cost Wiley Rein and Coughlin Duffy. The firms and the insurance company they represented have been sanctioned $1.25 million by a New York judge, who said the company's document destruction and attorneys' misleading statements added millions of dollars to the cost of prosecuting suits on behalf of people who suffered losses in the 2001 attacks.INADMISSIBLE: Familiar Faces at Jackson Sentencing
As former U.S. Representative Jesse Jackson Jr. prepared to receive his sentence last week, he had a familiar face at his side. Steptoe & Johnson litigation partner Reid Weingarten represented Jackson when he was a witness in the 2011 retrial of former Illinois Governor Rod Blagojevich. Plus more in this week's column.KPMG Claims Lernout & Hauspie Execs Lied During Audit
KPMG Bedrijfsrevisoren, the Belgian subsidiary of KPMG International and outside auditor for bankrupt Lernout & Hauspie Speech Products, claims it has proof that former L&H managers impeded the accounting firm's audit by providing false information. L&H shareholders earlier this month filed a class action lawsuit against KMPG, alleging it failed to comply with many Generally Accepted Accounting Principles.Covington Repping Top Tech Companies Amid NSA Data Push
Covington & Burling is advising AOL and Microsoft in response to the National Security Agency's secret surveillance data requests, as the ex–government contractor who leaked details about the government's top secret spying program earlier this month to a former Wachtell, Lipton, Rosen & Katz associate seeks asylum in Ecuador with the aid of lawyers from WikiLeaks.Wiley Rein, Insurer Sanctioned $1.25 Million
Failure to disclose a key insurance document for the Port Authority at the World Trade Center in the aftermath of the 9/11 attacks and other discovery abuses will cost Wiley Rein and Coughlin Duffy. The firms and the insurance company they represented have been sanctioned $1.25 million by a New York judge, who said the company's document destruction and attorneys' misleading statements added millions of dollars to the cost of prosecuting suits on behalf of people who suffered losses in the 2001 attacks.It certainly wasn't good news for Mayer Brown when partner Joseph Collins was convicted in July of conspiracy, securities fraud, and wire fraud arising from his work as an outside lawyer for the fraudulent brokerage firm Refco Inc. But, as far as the firm is concerned, things could be worse. So far, Mayer Brown has succeeded in beating back nearly every attempt to hold it liable in civil suits for the damage caused by Refco's collapse in 2005. In the latest victory, a federal judge this week dismissed a suit brought on behalf of some of Refco's former brokerage customers who claimed to have lost more than a half billion dollars.
Arbitration Scorecard 2013: Contract Disputes
Contract arbitrations active in 2011–12 in which at least $500 million was in dispute.LegalTech Descends on New York
As improvements in information technology continue to impact e-discovery, online research, case and matter management, and time and billing software, lawyers are better equipped to render quality legal services, retain more clients, and master the business of law. What are the next improvements in IT for the legal profession? Law.com Technology Editor Sean Doherty previews the advances expected to share the spotlight at LegalTech New York, being held Feb. 1-3.Revenue, Profit, Cash: Managing Law Firms for Success
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Law Firm Operational Considerations for the Corporate Transparency Act
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The Ultimate Guide to Remote Legal Work
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Practical Guidance Journal: Protecting Work Product in a Generative AI World
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