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September 12, 2007 |

Attorney Fees: To Advance or Not to Advance?

Most companies promise to advance attorney fees and litigation expenses to executives who face criminal or civil litigation and to indemnify such executives. But is there a point at which a company does not have an obligation to advance defense attorney fees to admitted or proven wrongdoers? Is there a point at which defense costs become unreasonably excessive? Attorney Robert J. Giuffra Jr. addresses such issues concerning the advancement of attorney fees to current and former corporate executives.
14 minute read
January 23, 2002 |

New Deals

In a deal valued at about $1.13 billion, New York-based L-3 Communications Holdings Inc., a supplier of secure communication systems and specialized communication products, announced last week that it had agreed to acquire Aircraft Integration Systems, the Greenville, Texas-based aircraft modification and integration business of defense contractor Raytheon Co., which maintains its headquarters in Lexington, Mass.
3 minute read
March 01, 2000 |

Deal of the Week

2 minute read
December 21, 2000 |

Conflict on The Board

The four men on the boards of both Intermedia Communications and its subsidiary, Digex, did not follow a process calculated to satisfy a Delaware court when they agreed on Digex's behalf to sell Intermedia to WorldCom. As a result, the deal is in jeopardy, and Intermedia stock has tumbled in the wake of a Delaware judge's decision detailing the "faithless acts" of the directors.
12 minute read
October 27, 2005 |

Former Judge Helps KPMG Survive Shady Tax Shelters

Five months after retiring as chief federal judge for the Northern District of Oklahoma, after 10 years on the bench, Sven Erik Holmes Mr. Holmes was back in a federal court, without his robes, and under drastically different circumstances. This time, the U.S. Attorney in Manhattan looked on as Mr. Holmes, now the chief legal officer for KPMG LLP, signed a document to keep his company from being criminally prosecuted.
12 minute read
October 29, 2004 |

SEC Proposes Amendments to Rules 16b-3 and 16b-7

In June, the SEC proposed amendments to rules 16b-3 and 16b-7 to clarify the types of transactions that are excluded from §16(b) liability following a 3rd Circuit decision that significantly narrowed the scope of the two exemptions in transactions involving public companies and their insiders. Weil, Gotshal & Manges attorneys discuss the amendments, why they should be adopted and the opposition that can be expected.
11 minute read
January 04, 2010 |

Litigation Department of the Year: Gibson Dunn

When other firms and conventional strategies come up short, clients in deep trouble turn to Gibson, Dunn & Crutcher -- helmed by marquee partners like Ted Olson -- for fresh, aggressive thinking and innovative rescues. "I call them lifeboat lawyers, because our careers depend on them," says Wal-Mart Executive Vice President Thomas Mars. For those rescues, and a broader record of excellent work for hard-pressed clients, The American Lawyer names the firm its Litigation Department of the Year.
15 minute read
May 03, 2000 |

Big-Firm Associates Hang Out Shingle

Christopher Parnagian and Robert O'Hare did not leave big firms because they had to. They left because they thought they could make a start-up firm a success. Six months later they have no regrets and much advice for associates who are willing to keep up the hard work but want to do so on their own terms.If you are not forced out and do not hate big firm culture and you are interested in starting your own firm, you cannot wait too long to leave," O'Hare said.
6 minute read
April 19, 2002 |

Death Row Appeal Reaches Court

ALBANY No case on the Court of Appeals April-May calendar has the headline-grabbing potential of People v. Harris , the first death penalty matter to reach the state`s highest tribunal since capital punishment was reinstated in 1995. But the calendar is chock full of cases of import and interest.
7 minute read
Another One Bites the Dust: With Emphatic Dismissal of Antitrust Auction-Rate Securities Class Action, Plaintiffs Cut Off from Alternative Route to ARS Recovery
Publication Date: 2010-01-27
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It's quite remarkable, really. A $300 billion market imploded, but plaintiffs firms can't figure out how to bring a viable suit. This time, a New York judge concluded their class action was a securities case in antitrust clothing.

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