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Bankruptcy Filing Launches Delta Fight With Workers
Now that Delta Air Lines has filed for Chapter 11 bankruptcy protection, the carrier will have a legal fight on its hands from employees and retirees seeking to protect their benefits, legal experts said, which could mean additional work for some Atlanta law firms. The filing comes after repeated warnings from Delta's CEO that higher fuel costs and lower demand have crippled the airline. Northwest Airlines also joins Delta in the large fleet of U.S. airlines in bankruptcy woes.MoFo Joins Rate-Fixing Fray, Representing Ex-Barclays COO in LIBOR Investigations
The firm has been hired by Jerry del Missier, who resigned as Barclays's COO earlier this month over his role in a scandal over charges of LIBOR rate-fixing at the British banking giant.Pressure Rises for FDA, Congress in Latest Drug Duel
Brand-name drug makers have a lock on manufacturing biologics, a group of lucrative drugs used to treat diseases like cancer and diabetes. But the clock is ticking on many of their patents. And generic manufacturers are anxious to jump into the market as those patents -- estimated to be worth about $10 billion -- expire over the next few years. Now federal regulators and Congress will decide whether generic companies can safely replicate biologics, or whether such science is best left to brand-name makers.Proskauer Rose has been retained by Major League Baseball to fight the scandal-soaked suit filed Friday by embattled New York Yankees star Alex Rodriguez and his lawyers from Reed Smith, Gordon & Rees, and New York's Tacopina Seigel & Turano.
Nancy Abell, the head of Paul Hastings's employment/labor practice, discusses current trends in this area and offers some thoughts about why women are so prevalent in this field.
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