Top News

  • December 4, 2009

    Jones Day Now Largest Firm In US

    The following is a list of the 100 largest law firms in the United States, ranked by the number of lawyers at the firm practicing within the U.S.:

  • December 9, 2009

    BofA Denied Access To SEC Docs On Merrill Bonuses

    A federal judge has ruled that the U.S. Securities and Exchange Commission will not have to produce documents related to its review of a proxy statement at the heart of a lawsuit over executive bonuses paid following Bank of America NA's shotgun merger with investment bank Merrill Lynch & Co. Inc.

  • December 8, 2009

    High Court Puts Honest Services Law In Hot Seat

    During oral arguments in two cases Tuesday, U.S. Supreme Court justices repeatedly questioned whether the honest services provision of the mail fraud statute — a long-held weapon of federal prosecutors — was too vague.

  • December 8, 2009

    High Court Limits Disclosure Order Appeals In Mohawk

    The U.S. Supreme Court has handed down a ruling in an employee’s battle with Mohawk Industries Inc. that curbs parties' ability to immediately appeal discovery orders that require the disclosure of documents covered by the attorney-client privilege, resolving a circuit split on the issue.

  • December 8, 2009

    Union Pacific RLA Case Ends With Whimper, Not Bang

    The U.S. Supreme Court on Tuesday sidestepped the question of whether courts can set aside National Railroad Adjustment Board decisions because of alleged due process violations, rejecting Union Pacific Railroad Co.'s challenge to a ruling that said the NRAB was wrong to dismiss employee claims.

  • December 8, 2009

    Verizon, NYC Cleared Of $60M Antitrust Suit

    The U.S. Court of Appeals for the Second Circuit has ruled that the city of New York has authority to manage and restrict pay phone franchise installations on public property, ending a $60 million Federal Telecommunications Act and antitrust action brought against the city and Verizon Inc. by The New Phone Co. Inc.

  • December 8, 2009

    Change May Be Coming To Firm Staffing Models

    While the associate ranks have been hardest-hit by the downturn, a Law360 survey shows many large law firms still have high ratios of associates to partners — a staffing model some legal consultants say needs to change.

  • December 7, 2009

    Bondholders Denied Bid To Take Over Six Flags Ch. 11

    A bankruptcy judge on Monday shut down an attempt by a group of senior bondholders to wrest control of Six Flags Inc.'s Chapter 11 proceedings away from the amusement park operator and file a competing reorganization plan.

  • December 7, 2009

    High Court Justices Weigh SOX Oversight Board Fight

    The U.S. Supreme Court heard arguments Monday in a case challenging the constitutionality of the oversight board created by the Sarbanes-Oxley Act of 2002, probing attorneys about the relationship of the board to the U.S. Securities and Exchange Commission.

  • December 7, 2009

    EPA Unveils Greenhouse Gas Endangerment Finding

    The U.S. Environmental Protection Agency on Monday formally rolled out its long-awaited endangerment finding on greenhouse gases, paving the way for the agency to implement new vehicle emission standards and begin monitoring greenhouse gas pollution from major industrial sources.

  • December 7, 2009

    SEC Hits 3 Former New Century Execs With Fraud Suit

    The U.S. Securities and Exchange Commission on Monday accused three former top officers of New Century Financial Corp. — once the U.S.' second-largest subprime lender — of lying to investors about the company's losses from loan defaults in 2006.

  • December 7, 2009

    Korea Goes To WTO Over US' Use Of Zeroing

    Korea has become the latest nation to take issue with the United States' use of a debated methodology for calculating dumping margins, saying in a World Trade Organization consultations request that the practice has led to unfair anti-dumping duty orders.

  • December 4, 2009

    Former Broadcom GC Dodges Charges In Options Case

    Amid allegations of misconduct by a federal prosecutor, former Broadcom Corp. general counsel David Dull has secured a nonprosecution agreement in the ongoing stock options backdating case against former top executives of the semiconductor company, according to court documents.

  • December 4, 2009

    Bayer Hit For $2M In 1st Bellwether Rice Trial

    A federal jury on Friday found Bayer AG liable for contaminating the U.S. rice supply with two strains of genetically modified rice, awarding two farmers compensatory damages of about $2 million but declining to issue punitive damages.

  • December 4, 2009

    EU Council Approves Patent Reform Package

    The European Council unanimously adopted a legislative package Friday designed to create a single European Union patent and patent court, marking a breakthrough in the long-running efforts to reform the patent system for the 27-member bloc.

  • December 4, 2009

    Kerry Bill Lays Ground For Global Green Investments

    Sen. John Kerry, D-Mass., has unveiled legislation that would increase funding to help developing countries deploy clean technologies, reduce deforestation and cope with climate change in hopes of providing the basis for an international investment deal at crucial United Nations talks next week.

  • December 3, 2009

    Push For Section 5 Revival Puts Businesses On Alert

    The Federal Trade Commission's growing signals that it is poised to breathe new life into Section 5 of the Federal Trade Commission Act have sparked questions about just how far the agency could push its authority under the long-dormant statute to target conduct outside the bounds of U.S. antitrust laws.

  • December 3, 2009

    Kohl Pitches Stricter Pay-For-Delay Drug Rules

    Sen. Herb Kohl, D-Wis., on Thursday proposed an amendment to the U.S. Senate health care legislation that would place limits on the pay-for-delay deals that brand-name drug manufacturers strike with generics makers in order to slow the market entry of generic competition to blockbuster drugs.

  • December 3, 2009

    Senate OKs Women's Care Amendment In Health Bill

    In its first amendment to the health care overhaul, the U.S. Senate has voted for a provision sponsored by Sen. Barbara Mikulski, D-Md., that would force insurance companies to pay for the entire cost of preventive care such as mammograms for women.

  • December 3, 2009

    Wal-Mart To Pay $40M To End Mass. Wage Action

    Wal-Mart Stores Inc. has resolved a long-running wage-and-hour class action by agreeing to pay $40 million to 87,500 workers at its Massachusetts stores who accused the discount retailer of refusing them breaks and requiring them to work off the clock.