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The money market fund Reserve Management apparently had second thoughts about its malpractice suit against Dechert and K&L Gates. It dismissed the case against both firms with prejudice on Friday, according to a court filing.
Drug Companies Must Warn Patients
The New Jersey Supreme Court ruled last week that when prescription drug companies directly market their products to consumers without providing adequate safety warnings, they can't seek cover by showing they provided product information to physicians. The Court held that Wyeth Laboratories -- the manufacturer of the Norplant contraceptive -- can be sued because a massive advertising campaign in the early 1990s failed to warn women of any dangers or side effects associated with the device.Charter Communications accused its onetime lawyers from Irell & Manella of committing errors in a 1999 deal. A critical contract ommission by an Irell associate, Charter said, cost the company control of the target.
Litigation over whether Chevron can see raw footage from a documentary about its long-running litigation with Lago Agrio plaintiffs in Ecuador is becoming nearly as bitter as the underlying environmental case. But the end is in sight: The Second Circuit will hear the merits of the case in July.
On Feb. 14 a federal district court judge in Tennessee issued a long-awaited valentine for southeastern U.S. dairy farmers, class counsel at Baker & Hostetler and Brewer & Terry, and creditors of the defunct firm Howrey.
President Lawyer, President Outlaw
When it's not being dominated by gossips, Washington is dominated by lawyers. Congress, lobbyists, the permanent governments in alternating exile are all filled with overacheivers who have bar admission certificates gathering dust in their attics. Although presidents in the modern era seem surrounded by phalanxes of counsel who guard their boss with a vigilance matched only by the Secret Service, the chief executives themselves are lawyers less and less. Clinton has always been more politico than lawyer.Indemnification agreements are an executive's best friend.
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