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Thirty-seven states are part of the settlement, which comes almost a year after the DOJ reached a similar, $520 million deal.
Law Firms Taking Equity in High-Tech Clients Stirs Ambivalence
As dot-com fever continues to rise in Silicon Alley, some of New York's oldest, largest and most conservative law firms have decided that they, too, want to be players in the new economy. Large New York firms have traditionally shied away from the risks of investing in start-ups, and the possibility of facing ethical dilemmas. But with the potential windfalls in the multimillions should a start-up prove successful, a number of New York firms have put aside their concerns and taken the plunge.Pro Bono: Public Interest Projects
Thirteen attorneys from nine law firms who worked as counsel for victims of domestic violence have been honored by Sanctuary for Families. Also, next week marks the 30th anniversary of one New York City lawyer's annual fast, and one lawyer's devotion to the cause of Oxfam America. Read these stories and more news on local pro bono efforts.Corporate Counsel Are Reaping the Benefits of Private Equity Boom
Awash in cash and business, private equity firms are rushing to hire in-house lawyers. There's no official count, but the numbers of PE corporate counsel appear to be way up -- with more increases expected. For those caught up in the new boomtown cycle, there's a palpable excitement at being the "it" lawyers of the moment, and the opportunities appear endless. Another big plus: In contrast to the typical in-house scenario, attorneys who move into private equity firms aren't sacrificing cash.New Head of FTC Competition Bureau
Antitrust attorneys expect the Federal Trade Commission's next competition chief, Richard Parker, to continue to drive an aggressive antitrust program at the agency. While that is not necessary welcome news for corporate executives, attorneys are hopeful that Mr. Parker's approach could be. Since he is newer to the agency than William Baer, the current director of the Commission's competition bureau, attorneys hope that Mr. Parker may be more willing to set his own course than Mr. Baer has been.Cooley partner John Dwyer, a go-to lawyer for eBay, will represent Meg Whitman in investor class actions over HP's ill-fated acquisition of British software firm Autonomy.
Legislative attempt at wage-theft regulation fails
Florida's preponderance of low-wage construction and service jobs makes it likely the battle over wage-payment regulation will continue.Bay Area Firms Fighting to Stay Independent
Ask law firm leaders or consultants for a Northern California merger wish list and some of the same names pop up.State AI Legislation Is on the Move in 2024
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