Two former executives at Dewey & LeBoeuf LLP had no intent to defraud the doomed firm's banks and lenders, but were merely working as hard as they could to save a sinking ship, a jury heard on Thursday as the defense finished its role in the retrial.
Some law firms posted huge revenue increases in 2016 when compared to their peers, eclipsing the average uptick of 4.3 percent, while others’ incomes dropped precipitously. Here, see which law firms’ revenue moved the most in this year’s Am Law 100.
A New Jersey appeals court on Thursday affirmed the dismissal of Racketeer Influenced and Corrupt Organizations claims in a lawsuit alleging a network of investment professionals forced an insurer’s financial ruin, finding that New York law, which doesn’t allow private civil RICO claims, applied because the alleged wrongdoing was concentrated in the Empire State.
The Federal Communications Commission released a promised draft plan of its proposal to reverse the reclassification of broadband as a utility on Thursday, seeking feedback on whether so-called bright line net neutrality rules are necessary and whether to “keep, modify or eliminate” them.
Law school dean Alexander Acosta, a former member of the U.S. Department of Justice and the National Labor Relations Board during the George W. Bush administration, was confirmed Thursday to serve as President Donald Trump’s secretary of labor.
A Fulton County, Georgia, grand jury has upgraded an involuntary manslaughter charge pending against a former Fisher Phillips employment partner to a charge of malice murder for shooting his wife to death, Fulton County District Attorney Paul Howard announced Thursday.
The Eleventh Circuit refused Thursday to revive a CNN app user’s litigation over alleged privacy violations, saying in a published decision that the man has standing under the U.S. Supreme Court’s landmark Spokeo decision, but his claims fail regardless because he doesn’t qualify as a “subscriber” under the Video Privacy Protection Act.
A Texas federal judge ruled Wednesday that Exxon Mobil Corp. must pay nearly $20 million in civil penalties for millions of pounds of air pollution from a refining and chemical complex in a Houston suburb, a win for environmental groups that saw their suit revived by the Fifth Circuit last year.
The D.C. Circuit on Thursday granted the U.S. Environmental Protection Agency’s request to delay a legal battle over the costs of the agency's rule limiting mercury and other toxic emissions from coal-fired power plants, canceling oral arguments that had been slated for May.
David Dao, the passenger on a United Airlines flight whose forced removal from a plane this month was captured on a viral video, has settled with the airline for an undisclosed amount, his attorneys said in a release Thursday.
South Korea’s Ministry of Health and Welfare has fined Novartis 55 billion South Korean won ($48 million) and stopped reimbursements for the Alzheimer's drug Exelon and chemotherapy drug Zometa after six of the company’s executives were charged with bribing doctors to use their products, the drugmaker confirmed Thursday.
Defense officials had warned former White House National Security Adviser Michael Flynn to clear any foreign payments before accepting them or risk violating the U.S. Constitution, but he made no attempt to do so, a senior Democratic lawmaker alleged Thursday.
A federal judge's quick dismissal of three fraternity brothers' defamation claims against disgraced journalist Sabrina Rubin Erdely and Rolling Stone over a false article detailing a sadistic rape culture at the University of Virginia drew intense scrutiny Thursday in the Second Circuit.
By Ed Beeson