Mylan's Kirkland Suit May Hold Clues For Conflict Waivers

Law360, New York (May 5, 2015, 10:04 PM EDT) -- A suit alleging Kirkland & Ellis LLP betrayed a corporate client when it agreed to represent Teva Pharmaceutical Industries Ltd. in a $40 billion hostile takeover bid will provide rare guidance on a contract that has proliferated across BigLaw over the past decade, experts said.

Although courts and bar ethics committees have given mixed reviews to advance conflict waivers, the suit filed Friday by a Mylan NV unit comes from one of Kirkland's current clients, and it is outside the typical context of a litigation disqualification bid.

Those and other facts mean the suit could provide key new judicial guidance on...

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