The turmoil brewing in the economy could mean tough times are ahead for environmental law, with the economy expected to have an impact on environmental litigation, enforcement actions and green project funding.
An appeals court Wednesday rejected a bid by shareholders to challenge the Chapter 11 plan of Adelphia Communications Corp., holding that the bankruptcy court has authority to transfer the committee’s derivative claims to a litigation trust without its consent.
The discovery saga in the multidistrict litigation over Eli Lilly & Co.'s Zyprexa continued this week, with a U.S. magistrate judge directing five state attorneys general to produce medical records the states had argued were irrelevant and privileged.
Chairman Matthew L. Larrabee told lawyers and support staff Thursday that partners at the 118-year-old law firm Heller Ehrman LP would vote to dissolve on Friday, according to a source at the firm.
Goodyear Tire & Rubber Co. has announced it will draw $600 million from its revolving credit facility, citing $360 million frozen in a money market mutual fund that took a nosedive last week amid Lehman Brothers Holding Inc.'s bankruptcy.
Hughes Hubbard & Reed LLP has absorbed a bankruptcy, creditors' rights and finance boutique, Luskin Stern & Eisler LLP, raising the head count of its bankruptcy team from 12 to 20 lawyers.
James Colliton is vowing to appeal after a federal judge threw out a suit the former tax attorney brought against Cravath Swain & Moore LLP — his former employer — less than three months after pleading guilty to statutory rape in 2007. The court said Colliton's claims were frivolous and his litigation tactics bordered on extortion.
Goldman Sachs Group Inc., JPMorgan Chase & Co. and Citigroup Global Markets Inc. are facing a proposed class action securities lawsuit stemming from an offering of Freddie Mac preferred stock at the end of 2007.
The U.S. Equal Opportunity Employment Commission has filed a gender discrimination lawsuit against Sterling Jewelers Inc., the nation's largest jeweler, accusing it of discriminating against female employees across the country.
As America's economic malaise catches up with many of the nation's leading law firms, associate bonuses — typically paid in December or January — will suffer, legal industry insiders say.
Exxon Mobil Corp. ranked number one on Law360's list of most-named defendant corporations in environmental lawsuits between 2003 and 2008. Suits against energy companies will likely continue as green groups turn to the courts to tackle a perceived lack of oil industry regulation, attorneys say.
A federal judge has dismissed charges against Bear Stearns Cos. Inc. in a securities suit accusing the collapsed company of complicity in a scheme by defunct broker-dealer A.R. Baron & Co. that bilked customers out of millions of dollars.
Internet telephone provider Bandwidth.com Inc. has settled a lawsuit brought by Voxpath Networks Inc. over a patent covering Voice Over Internet Protocol technology.
A federal judge has kept alive a case against ExxonMobil Corp. over contamination from an underground storage tank at a gas station in Smithtown, N.Y., but has tossed several claims in the suit.
The key to moving the economy forward will be increasing transparency in financial markets, especially the derivatives market. The question remains how to do it. Here are some suggestions.
Delphi Corp. has reportedly been given the go-ahead to stop payment on its pension plans for hourly and salaried workers in an effort to lighten its load and clear the way for an exit from bankruptcy.
As environmental regulators reevaluate the risks of toxic vapors once thought to be safely buried beneath the soil, plaintiffs' lawyers are eyeing the tort possibilities. But challenges to proving causation could turn this would-be tort wave into a mere splash, environmental attorneys said.
Bankrupt home developer WCI Communities Inc. has received final approval to enter into a $150 million debtor-in-possession financing agreement that the company says it needs to operate its business while developing a Chapter 11 plan to restructure its balance sheet.
Between Heller Ehrman LLP’s demise following a series of failed merger talks and the uncertainty of the U.S. economy, some law firms may be wondering whether taking the plunge with another firm is such a good idea right now. But initial misgivings are not likely to slow the pace of law firm tie-ups, legal experts say.
An executive at the former French telecommunications company Alcatel CIT was sentenced Tuesday to 30 months in prison for participating in a $2.5 million bribery scheme to obtain a mobile telephone contract from the state-owned telecommunications authority in Costa Rica, the U.S. Department of Justice said.