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September 03, 2012 |

VERDICTS & SETTLEMENTS

6 minute read
July 05, 2011 |

Buffett's forgotten $20 helps California budget

California Controller John Chiang has $20 for Warren Buffett.There's also more than $10,000 owed to director Steven Spielberg, part of a $6.1 billion cache of dormant savings accounts, store credits and forsaken royalty payments that has only grown since 2007 when Chiang, a 48-year-old Democrat, took steps to return more unclaimed property to owners.
5 minute read
May 06, 2005 |

Drugmaker Merck Replaces CEO Gilmartin

With lawsuits mounting over its recalled painkiller Vioxx, troubled drug company Merck on Thursday replaced CEO and Chairman Raymond V. Gilmartin with manufacturing operations head Richard T. Clark. Merck's board chose to name Clark president and chief executive and to go without a chairman for up to two years. The company passed those duties on to a three-member executive committee. Corporate management experts said they had not previously heard of such a triumvirate arrangement.
4 minute read
July 26, 2012 |

UTC's Goodrich Buy Nears Closing With $3.46 Billion Pumps Unit Sale, Conditional DOJ Approval

In a move aimed at helping it finance its $18.4 billion acquisition of aircraft equipment maker Goodrich, United Technologies Corporation said Thursday it will sell its Hamilton Sundstrand Industrial subsidiary to a pair of private equity firms. The announcement came the day before the Justice Department said it will grant the Goodrich deal antitrust approval provided UTC sheds additional assets. Wachtell and Crowell & Moring have been advising UTC on antitrust issues related to the Goodrich deal.
4 minute read
December 26, 2006 |

GCs' New Year's Resolutions Made ... and Kept

Lots of people make New Year's resolutions, and then joke about how they never keep them. But apparently not general counsel. In 2005 Corporate Counsel asked a few top lawyers to list their resolutions -- and this year, they followed up. Perhaps there were a few too many overachievers, because the group had impressive results. Among the achievements: one GC lost over 100 pounds, one picked the Kentucky Derby winner and another worked to accumulate fewer frequent flyer miles this year.
4 minute read
December 26, 2006 |

GCs' New Year's Resolutions Made ... and Kept

Lots of people make New Year's resolutions, and then joke about how they never keep them. But apparently not general counsel. In 2005 Corporate Counsel asked a few top lawyers to list their resolutions -- and this year, they followed up. Perhaps there were a few too many overachievers, because the group had impressive results. Among the achievements: one GC lost over 100 pounds, one picked the Kentucky Derby winner and another worked to accumulate fewer frequent flyer miles this year.
4 minute read
September 05, 2006 |

FTC Chair Intends to Keep Fighting Pharma Payments to Generic Competitors

The Federal Trade Commission so far has been unable to block drug companies from reaching settlements it fears are slowing the introduction of generic competitors, but the head of the agency said she won't stop fighting to end such deals. FTC Chairman Deborah Platt Majoras said she's concerned payments by brand name drug makers to their generic rivals may be nothing more than payoffs to keep cheap drugs off the market, depriving consumers of low-cost medicines.
3 minute read
February 15, 2013 |

Pa. Firms Land Roles in $11 Bil. Airline Merger

One might be hard-pressed not to find a Pennsylvania lawyer on a US Airways flight in the state, one of the main modes of transportation for attorneys shuffling between Pittsburgh and Philadelphia.
4 minute read

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