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Shareholders Add Ernst & Young as Defendant in Lehman Securities Class Action
Publication Date: 2010-04-26
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We're beginning to reap the consequences of the sweeping Lehman examiner's report. Plaintiffs in a long-pending securities class action have now filed an amended complaint that adds allegations about Lehman's now-infamous Repo 105 balance sheet asset transfers--and adds Lehman's auditor, Ernst & Young, as a defendant.

January 03, 1999 |

More Firms Paying Higher Associate Bonuses

4 minute read
Judge Rules for Bloomberg in FOIA Showdown with Fed Over Bailouts
Publication Date: 2009-08-25
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We're not holding our breaths, but Manhattan federal district court judge Loretta Preska gave the Federal Reserve Board just five days to cough up more results of a FOIA search that the judge found "inadequate." Bloomberg sued over the Fed's refusal to hand over certain records pertaining to the agency's emergency lending program. Judge Preska didn't buy the argument that releasing the documents could hurt shareholders and be unfair to bailed out banks.

Quinn Emanuel Files Fraud Suit Against KPMG on Behalf of Texas Ranger Lender
Publication Date: 2011-03-31
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GSP Finance alleges that if it hadn't been for KPMG's cover-up of the true condition of the Rangers' owner's finances, the team's lenders would have taken control before the Rangers went into bankruptcy.

May 07, 2007 |

Firms Hunting for Stars Re-Examine Partner Compensation

Although the most profitable law firms don't often lose partners to other firms, there's evidence suggesting that even firms with the highest profits per partner have become more vulnerable to the lateral market. In response, some Am Law 100 firms are deploying high-spread compensation systems specifically designed to reward their most valuable partners with more money than they could earn at the most profitable low-spread firms. Think your firm isn't re-examining its compensation system? Don't be so sure.
10 minute read
August 20, 2008 |

Marketplace

Boston Properties announced it was the lead party in a joint venture that purchased three of the four Manhattan properties sold last week by overextended developer Harry Macklowe. The three properties are the 23-story 125 W. 55th St., the 39-story 540 Madison Ave. and 44-story Two Grand Central Tower. The first building sold for $444 million. The other two brought a combined price of $705 million.
3 minute read
September 21, 2012 |

Attorney Ineligibility Order Pursuant to Rule 1:28-2(a)

Notice to the bar.
380 minute read
March 03, 2003 |

N.Y. Summer Associates' Buildable Hours

New York summer associates expect to roll up their sleeves and work, but this year, they might actually be strapping on tool belts and donning hard hats -- to help Habitat for Humanity build a new home for a low-income family. As explained by Latham & Watkins' Elizabeth L. Flanagan and Roger S. Goldman to representatives of 27 New York firms last week, "Buildable Hours" is the ideal summer associate project.
5 minute read
Clawback Controversy Now Clouding Dewey Bankruptcy
Publication Date: 2013-10-24
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The fight over the validity of so-called unfinished business claims in law firm bankruptcies is heating up in courts on both coasts this week.

July 07, 2009 |

The Layoff List: By the Numbers

Employment shifts at The Am Law 200, Global 100, and Other Firms of Note
20 minute read

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