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AIG Claims '98 Percent' Win over BofA Dismissal Bid in $10 Billion MBS Case
Publication Date: 2012-05-24
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American International Group was forced through a menacing gauntlet over the last few weeks in its $10.5 billion mortgage-backed securities case against Countrywide and Bank of America. But according to AIG and its lawyers at Quinn Emanuel, the company emerged late Wednesday with barely a scratch.

February 24, 2006 |

How to Address a Demand for a 'Voluntary' Waiver

In recent times, there is perhaps no other factor that has applied greater pressure on the attorney-client privilege than the federal government's insistence on waiver as an indication of cooperation. For a corporate target, the immediate and practical implications of a waiver are serious, including the inability to assert the privilege in potential downstream or parallel litigation. This review of recent applicable law can help a corporation facing a waiver demand determine the best course to take.
10 minute read
March 16, 2010 |

Jury Awards $15 Million in Accident Case, Clears Lawyerless Chrysler

A Georgia jury held an alleged drunk driver responsible for $15 million in damages to a girl injured in a car accident, but the plaintiff likely will get only a fraction of the award because the driver has few resources and the designer of the seat, which broke during the wreck, was cleared by the jury. Complicating matters was the bankruptcy-mandated dismissal of what was then DaimlerChrysler from the case. The verdict form contained a line allocating blame to Chrysler, but no one represented the automaker at trial.
5 minute read
December 04, 2003 |

Pennie Pinching

In what will be its second major California acquisition in the past 10 months, Morgan Lewis Bockius will absorb virtually the entire Palo Alto, Calif., office of mega intellectual property boutique Pennie Edmonds.
4 minute read
June 22, 2005 |

Convicted IP Lawyer May Be Reinstated

Malcolm Wittenberg may soon be returning to the practice of law. Last week the California Supreme Court rejected the State Bar's petition to have the former Crosby, Heafey, Roach & May partner disbarred. Wittenberg, an intellectual property attorney, was convicted of insider trading in 2001, and the State Bar Court suspended him for three years. State Bar prosecutors had argued that Wittenberg deserved harsher punishment.
2 minute read
September 10, 2002 |

Firms Seek Balance Between Business And Remembrance

Though a year has passed, the wounds terrorists inflicted on our nation in one unforgettable morning are still fresh. The anniversary of the Sept. 11 attacks has left firm managers with a difficult decision: how to acknowledge the day and provide support for attorneys and staff while trying to carry on with business as usual.
5 minute read
June 25, 2003 |

If I Had a Hammer

Summer program activities at major law firms have a certain predictability -- baseball games, sailing trips, dinners and the like. But for firms willing to donate time, money and sweat, there's Buildable Hours. Associated with Habitat for Humanity, Buildable Hours is an alternative to the usual summer activities -- and a way to make a lasting contribution to the community by constructing new homes for families in need.
6 minute read
January 21, 2010 |

Top-Gaining Firms-Lateral Partner Hires

3 minute read
December 01, 2003 |

Model Behavior

Any formula that slices legal budgets is likely to seduce in-house counsel, particularly when company higher-ups are looking to trim the bottom line. And outsourcing -- diverting legal work to companies other than law firms -- is exploding in popularity among corporate counsel, led by chemical-producing giant DuPont's so-called Legal Model. It's a seductive idea, but some say it's far from risk-free.
9 minute read

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