http://www.law360.com/ Latest articles for organization: Dechert Copyright 2009 Portfolio Media, Inc. en-US http://www.law360.com/images/headings/logo.gif http://www.law360.com/ http://www.law360.com/articles/130161 Business leaders are hoping the U.S. Supreme Court will grant companies a measure of control in diversity jurisdiction cases by letting them emphasize the location of their corporate headquarters in tests to determine their “principal place of business.” That seemingly simple phrase is at the core of Hertz Corp. v. Friend. http://www.law360.com/articles/130161 http://www.law360.com/articles/132757 A judge has tossed all claims against Constar International Inc., citing its filing for Chapter 11 protection, in a consolidated securities fraud class action alleging the plastic container maker and several financial firms made misleading statements to investors about Constar's 2002 initial public offering. http://www.law360.com/articles/132757 http://www.law360.com/articles/132692 For the second time this year, Goodwin Procter LLP has turned to layoffs in the sluggish economy — terminating 21 associates and 34 staff members. http://www.law360.com/articles/132692 http://www.law360.com/articles/132491 Two product liability attorneys formerly of Dechert LLP have joined the Philadelphia office of Eckert Seamans Cherin & Mellott LLC. http://www.law360.com/articles/132491 http://www.law360.com/articles/132181 Dairy farmers who brought a multidistrict lawsuit over alleged anti-competitive practices in the milk industry have won over a federal judge, who agreed to a protective order modification that would allow access to some sealed documents. http://www.law360.com/articles/132181 http://www.law360.com/articles/132064 The U.S. Supreme Court heard oral arguments Monday on whether a bankrupt debtor can hold on to property claimed as exempt that may be worth more than originally estimated and, if so, whether a trustee is then required to object to the properly claimed exemption to dispute the value of the exempted assets. http://www.law360.com/articles/132064 http://www.law360.com/articles/130699 Once on its way to becoming a deal structure relic, the friendly tender offer is back in vogue, with deal makers increasingly dusting off the strategy and becoming reacquainted with its particular charms as well as its potential complications. http://www.law360.com/articles/130699 http://www.law360.com/articles/131838 The U.S. Supreme Court has declined to rehear an asbestos injury case the U.S. Court of Appeals for the Third Circuit had remanded for trial in April, paving the way for AstenJohnson Inc.’s six-year-old complaint against its insurers to be heard by a jury. http://www.law360.com/articles/131838 http://www.law360.com/articles/131409 A federal appeals court has upheld the certification of a securities class action claiming that Constar International Inc. and several financial firms misled investors about the plastic container manufacturer’s 2002 initial public offering by touting the company as strong and competitive when its business was allegedly deteriorating. http://www.law360.com/articles/131409 http://www.law360.com/articles/131368 International law firm Kaye Scholer LLP is splitting its class of incoming first-year associates, assigning roughly half the class to work exclusively with the firm's public interest law group. http://www.law360.com/articles/131368 http://www.law360.com/articles/131404 The United Kingdom's highest court ruled Thursday that the remaining assets of failed structured investment vehicle Sigma Finance Corp. should be spread equally among its creditors, a decision that participants in the case say could have a dramatic effect on so-called waterfall clauses in other bankruptcy cases. http://www.law360.com/articles/131404 http://www.law360.com/articles/131323 A wary bankruptcy judge on Thursday preliminarily approved a disclosure statement in fraud-ridden hedge fund Bayou Group LLC's Chapter 11 case, going over the 85-page document with a fine-tooth comb and putting off challenges to a contemplated dual trusteeship and to attorneys' fees requests until a confirmation hearing. http://www.law360.com/articles/131323 http://www.law360.com/articles/130049 Creditors of Lyondell Chemical Co. have asked a judge to give an examiner in the chemical company's bankruptcy a broad mandate to fight what they say are Lyondell's attempts to “whitewash” numerous conflicts in the case. http://www.law360.com/articles/130049 http://www.law360.com/articles/129854 Investment bank Imperial Capital Group Inc. has filed a shelf registration of up to $150 million of Class A common stock with the U.S. Securities and Exchange Commission. http://www.law360.com/articles/129854 http://www.law360.com/articles/129021 The Federal Trade Commission has reportedly begun an investigation into whether Toys R Us strong-armed suppliers into stifling discounts by rivals, prompted by evidence in two pending civil antitrust cases against the toy retailer. http://www.law360.com/articles/129021 http://www.law360.com/articles/128097 With an eye toward future improvements in the deals landscape, software investment holding company Internet Capital Group Inc. has announced its plans for stock offerings seeking to raise as much as $150 million as it prepares to scout out new acquisition opportunities. http://www.law360.com/articles/128097 http://www.law360.com/articles/119841 Weighing whether to adopt or extend a poison pill as part of a takeover defense strategy has become an increasingly complicated process for public companies, and recent pushes for corporate governance reforms promise to make the decision even more complex, experts say. http://www.law360.com/articles/119841 http://www.law360.com/articles/126849 After four years in bankruptcy, auto parts manufacturer Delphi Corp. has emerged from restructuring a smaller, privately owned company committed to ushering in the next generation of vehicles. http://www.law360.com/articles/126849 http://www.law360.com/articles/126772 Crowell & Moring LLP has asked its support service staff members to consider voluntary layoffs in exchange for six months' pay as the firm tries to narrow its nonattorney headcount. http://www.law360.com/articles/126772 http://www.law360.com/articles/126359 An order governing the release of sealed documents will stand now that a magistrate judge has declared moot a motion by The New York Times and National Public Radio seeking the information in a multidistrict lawsuit brought by dairy farmers over alleged anti-competitive practices in the industry. http://www.law360.com/articles/126359