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Fund Manager Sues Wireless Provider
Wireless service provider Motient Corp. has been slapped with two investor lawsuits that accuse the company's board of directors and leading executives of using their positions to line their pockets at the expense of Motient shareholders. The lawsuits, brought by Dallas fund manager Highland Capital Management LP, aim to force Motient to return $90 million from a $391 million private placement and could result in Highland taking control of the struggling Lincolnshire, Ill.-based company.Fund Manager Sues Wireless Provider
Wireless service provider Motient Corp. has been slapped with two investor lawsuits that accuse the company's board of directors and leading executives of using their positions to line their pockets at the expense of Motient shareholders. The lawsuits, brought by Dallas fund manager Highland Capital Management LP, aim to force Motient to return $90 million from a $391 million private placement and could result in Highland taking control of the struggling Lincolnshire, Ill.-based company.Part-time Work, Full-time Lives
In a profession that prizes workoholics, a handful of attorneys carve a comfy niche for themselves in customized work arrangements with their firms. Not surprisingly, a lot of them are working moms. How do the economics pan out for their firms, and can lawyers really free themselves from the "tyranny of the billable hour"?State AI Legislation Is on the Move in 2024
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