http://www.law360.com/ Latest articles for organization: Chadbourne & Parke Copyright 2009 Portfolio Media, Inc. en-US http://www.law360.com/images/headings/logo.gif http://www.law360.com/ http://www.law360.com/articles/135652 Seyfarth Shaw LLP announced Friday that it is pushing back the start date for half its incoming associate class from January to October 2010 and cutting pay for all first-year associates "in light of anticipated client demand and market conditions." http://www.law360.com/articles/135652 http://www.law360.com/articles/132397 Shearman & Sterling LLP has told its 2009 summer associates that it will delay their start dates until the fall of 2011 and provide them with a $65,000 stipend for the deferral year. http://www.law360.com/articles/132397 http://www.law360.com/articles/132105 Winston & Strawn LLP has reportedly pushed back the start date for incoming associates again, citing budget concerns in its decision to have new associates start in three groups throughout 2010. http://www.law360.com/articles/132105 http://www.law360.com/articles/131904 A unit of Allianz of America has gone on the offensive in a declaratory judgment suit brought by Utica Mutual Insurance Co., arguing in counterclaims filed Monday that it does not owe a disputed $25 million in reinsurance coverage stemming from thousands of underlying suits over asbestos contamination. http://www.law360.com/articles/131904 http://www.law360.com/articles/129956 A unit of Italian bank Intesa Sanpaolo Group has been ordered to pay Bank Hapoalim BM $24 million following a New York jury's ruling that the Italian bank committed fraud in selling promissory notes linked to Parmalat SpA's South American unit in 2003. http://www.law360.com/articles/129956 http://www.law360.com/articles/128252 Lenders to bankrupt builder Tousa Inc., including Citicorp North America NA and Wells Fargo Bank NA, have been ordered to disgorge $403 million plus interest in a suit brought by Tousa's unsecured creditors committee over secured loans the lenders issued to the builder months before its Chapter 11 filing. http://www.law360.com/articles/128252 http://www.law360.com/articles/121099 Federal incentives for renewable energy projects are largely tax-based, but the rules limit the taxpayers who can use the benefits, making the system inefficient and expensive and ultimately restricting the ability of the industry to grow, says Ed Feo, co-chair of Milbank Tweed Hadley & McCloy LLP's project finance and energy practice. http://www.law360.com/articles/121099 http://www.law360.com/articles/127707 Investors in accused Ponzi schemer Stanford Financial Group have added Chadbourne & Parke LLP to the list of defendants in a proposed class action against Proskauer Rose LLP and former partner Thomas Sjoblom, who allegedly helped shield the bank from investigators. http://www.law360.com/articles/127707 http://www.law360.com/articles/126060 Thanks to an upswing in demand for its core practice areas, Katten Muchin Rosenman LLP has asked six members of its first-year associate class of 2009 — whose group start date previously had been pushed back until 2010 — to report for work this month. http://www.law360.com/articles/126060 http://www.law360.com/articles/126046 The national litigation and intellectual property firm Wildman Harrold Allen & Dixon LLP has told most of its incoming first-year associates they'll need new jobs next year. http://www.law360.com/articles/126046 http://www.law360.com/articles/124935 Chadbourne & Parke LLP has again deferred the start date of about half its incoming associate class in New York to an unspecified time, a representative for the law firm confirmed Monday. http://www.law360.com/articles/124935 http://www.law360.com/articles/124590 Chadbourne & Parke LLP has pulled in two insolvency attorneys — one from Paul Hastings Janofsky & Walker LLP and another from Kirkland & Ellis International LLP — to ramp up its bankruptcy and financial restructuring team. http://www.law360.com/articles/124590 http://www.law360.com/articles/119529 A group of Tribune Co. bondholders has won its bid to expedite hearings on an order that would allow an investigation into an $8.3 billion leveraged buyout the bondholders argue saddled the bankrupt media giant with debt. http://www.law360.com/articles/119529 http://www.law360.com/articles/117234 Before Congress rushes headlong into legislating major new power over insurers for some federal official or body with numerous and severe unintended consequences, we think it useful to consider how placing a new layer of federal oversight on top of existing state regulatory apparatus is a prescription for regulatory chaos, not a worthwhile reform, says Richard G. Liskov of Chadbourne & Parke LLP. http://www.law360.com/articles/117234 http://www.law360.com/articles/115227 Aon Ltd. will appeal a $32 million loss in a case brought by United National Insurance Co. and Diamond State Insurance Co. over an arbitration award that partially rescinded an Italian company’s reinsurance obligations to United National, according to a notice filed Wednesday. http://www.law360.com/articles/115227 http://www.law360.com/articles/106296 As companies become increasingly global and venture into emerging markets, they are likely to encounter new risks such as economic or political instability and gaps in insurance coverage. Demand for insurance products designed to address those issues is growing, although not all risks involved in international expansions are insurable, according to industry experts. http://www.law360.com/articles/106296 http://www.law360.com/articles/113272 A federal judge has increased the award for United National Insurance Co. to $32.17 million in a dispute with Aon Ltd. over indemnification for a botched reinsurance agreement, tacking almost $8.3 million in prejudgment interest onto a jury award. http://www.law360.com/articles/113272 http://www.law360.com/articles/109283 Chadbourne & Parke LLP has hired Kenneth L. Johnson, formerly chief patent counsel for Credit Suisse Securities (USA) LLP, to serve as counsel of its intellectual property group. http://www.law360.com/articles/109283 http://www.law360.com/articles/107517 Following in the footsteps of dozens of other law firms, Snell & Wilmer LLP has decided to slash associate salaries by 10 percent as the Phoenix-based outfit continues to grapple with market-based realities. http://www.law360.com/articles/107517 http://www.law360.com/articles/105010 Kilpatrick Stockton LLP has announced that it will be reducing associate salaries by 10 percent, effective July 1. http://www.law360.com/articles/105010