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Lehman Brothers Holdings Inc. and its lawyers at Weil Gotshal & Manges may never see the end of litigation stemming from Lehman's bankruptcy, but they've scored a victory in long-running legal battle with origins that predate the bank's collapse: Lehman's $22 billion leveraged buyout of real estate investment trust Archstone four years ago.
BellSouth Picks N.Y. Firm to Handle $67 Billion Deal
Atlanta law firms may have slowed the flow of mergers and acquisitions deals to New York over the past decade, but hometown corporate icon BellSouth Corp. chose a Gotham firm as its lead adviser for the phone company's largest-ever deal. Fried, Frank, Harris, Shriver & Jacobson represents BellSouth on the company's pending $67 billion acquisition by AT&T of San Antonio, Texas. It's the fifth major M&A deal since April 1999 for which New York-based Fried Frank was hired as BellSouth's lead legal adviser.University of Georgia Admissions Policy Deemed Unconstitutional
Calling the constitutional viability of using race to diversify a collegiate student body "an open question," the 11th U.S. Circuit Court of Appeals said the issue warrants consideration by the U.S. Supreme Court. But the three-judge panel's declaration that the University of Georgia's admissions process is unconstitutional should be enough to allow the college to revamp the process without further judicial intervention.Ex-Winston Attorney Charged With Laundering Fraud Proceeds
A former New York partner at Winston & Strawn, Jonathan S. Bristol, pleaded not guilty yesterday to charges of laundering more than $20 million through his escrow accounts in connection with an alleged multi-million dollar fraud run by Kenneth Starr, a financial advisor to celebrities.Justices to Take Up Lawyer Ethics, Errors
How lawyers do their jobs -- from the type of advice they give clients to the calculation of fees -- moves to the fore in the new U.S. Supreme Court term in six cases that could dramatically alter the day-to-day practice of law. The justices in recent terms typically have taken two or three cases, or even none, involving lawyering. The upswing may reflect a larger movement toward greater scrutiny of the legal profession, particularly in the wake of corporate and government scandals involving lawyers.Corporate Transparency Act Resource Kit
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