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May 27, 1999 |

Noncompete Pact Enforceability

A recent NY Court of Appeals ruling upholding partial enforceability of an accounting firm's noncompete agreement is expected to prompt more employers to impose similar agreements on employees who interact with company clients, according to employment attorneys. The decision could also encourage courts faced with overly broad noncompete agreements to consider partial enforcement as an alternative to complete invalidation.
7 minute read
January 26, 2007 |

Washington Catches the Associate-Raise Fever

O'Melveny & Myers said Thursday it would increase its first-year associate salaries in Washington, D.C., to $145,000 -- and in turn threw down a challenge to D.C.-based firms, saying the market for talent had changed. Following that announcement, Hogan & Hartson almost immediately said it was matching the number. The latest raises come on the heels of a flurry of pay increases during the past few days in other key legal markets.
2 minute read
May 02, 2003 |

Pro Bono Digest

5 minute read
March 12, 2010 |

Full 1st Circuit rules prospectus statements are not attributable to executives for 10(b)(5) purposes

The U.S. Court of Appeals for the 1st Circuit recently issued an en banc opinion that rejected the U.S. Securities and Exchange Commission's reliance on prospectus language in bringing a Rule 10(b)(5) case against broker-dealer executives. The decision overturned an earlier panel ruling upholding the SEC's use of the rule, which bars untrue statements in connection with the purchase or sale of a security.
4 minute read
In Major Pay-to-Delay Momentum Shift, Pennsylvania Judge Green-Lights Antitrust Class Actions and FTC Claims Against Cephalon and Generics
Publication Date: 2010-03-30
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This could be a game changer, folks--and it couldn't come at a more critical moment for opponents of the deals that keep generic drugs off the market.

DOJ Blasted for Settlement with Kaye Scholer in GSC Bankruptcy
Publication Date: 2013-04-30
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The Justice Department has been accused by a bankruptcy judge of engaging in "unacceptable conduct" in reaching a settlement with Kaye Scholer, which in turn has been blamed for acting unethically in advising GSC Group in the investment firm's Chapter 11 proceedings. Judge Shelley Chapman's attack on the department came during a Tuesday hearing.

June 17, 1999 |

FCC's Role in Telecom Mergers Questioned

Charging that the Federal Communications Commission's review of telecommunications industry mergers is impeding competition, several members of Congress are pushing proposals to alter the agency's role in the process. Some say the FCC is slowing down deals among phone, cable and wireless companies by sitting on merger applications, applying arbitrary evaluation standards and imposing costly conditions on merging parties.
7 minute read
May 01, 2009 |

Big Suits

USA/UBS; Citibank Shareholder Derivative Litigation; Congoleum Chapter 11 Bankruptcy; FTC vs. Whole Foods; Parmalat Securities Litigation; SEC v. Automated Trading Desk Specialist, et al.
15 minute read
Despite Settling GSC-Related Claims, Kaye Scholer Not Quite Done With Case Yet
Publication Date: 2013-04-29
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A week after the firm resolved claims that it mishandled its application to work on GSC Group's Chapter 11 filing, two Kaye Scholer lawyers are due to testify Tuesday about what a key figure in the case said at a critical meeting with Justice Department lawyers.

Lawyers Square Off Ahead of Hearing on $7 Billion Credit Card Fee Settlement
Publication Date: 2012-11-04
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Ever since Visa and MasterCard reached a $7.2 billion agreement to resolve merchant claims over credit card "swipe fees," critics have been coming out of the woodwork. Now they've formally opposed the class action settlement in court, with the objector's lawyers at Constantine Cannon warning of "serious risks" if the deal is approved.

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