Per Christine Harper at Bloomberg this morning:
Wall Street’s five biggest firms are paying a record $39 billion in bonuses for 2007, a year when three of the companies suffered the worst quarterly losses in their history and shareholders lost more than $80 billion.
Goldman Sachs Group Inc., Morgan Stanley, Merrill Lynch & Co.,
Update: See Blawgletter’s Face of Red.
The WSJ Law Blog reports this afternoon a $280 million verdict in a securities class action against the Apollo Group, which owns the near-ubiquitous University of Phoenix. The plaintiffs charged Apollo with suppressing a Department of Education report that criticized Phoenix’s, er, aggressive student-recruiting techniques, which
A little while ago, Blawgletter asked Should Class Action Plaintiffs Designate "Trial Only" Counsel? Today we got an answer.
Steve Foster commented:
Well, I’m a little late in starting a discourse, but here goes:
Disclosure: I’m a plaintiff’s lawyer.
It seems to me that the number one job of a defense lawyer is to
The Supreme Court today ruled in favor of securities fraud defendants in Stoneridge Investment Partners, LLC v. Scientific-Atlanta, Inc., 06-43 (U.S. Jan. 15, 2008). See the opinion here or here and the SCOTUSBlog report here.
Justice Kennedy wrote the 5-3 majority opinion, in which Chief Justice Roberts and Justices Scalia, Thomas, and Alito
An hourly client recently surprised Blawgletter. After a strategy meeting that included several other people, an in-house lawyer remarked about our focus on the “economics” of the lawsuit — things like the cost of defense, the goals of the plaintiff, the advantages and disadvantages of joining issue at once, and the crucial importance of assessing
Thanks largely to the leadership of Alistair Dawson, the Litigation Section of the State Bar of Texas last year commenced online publication of News for the Bar. The latest quarterly issue includes two items that Blawgletter finds entrancing — the first mainly because we wrote it and the second because in it a
According to the title of an article in the February 2008 edition of Litigation News Online, In-House Counsel Are Keeping Closer Tabs on Outside Lawyers. In the article, Associate Editor Kristine L. Roberts reports on a survey by the Association of Corporate Counsel:
In-house attorneys are imposing more requirements on outside counsel. For example,
Cindy Sheehan at the White House in 2006.
The D.C. Circuit today granted presidential scourge Cindy Sheehan a new trial on charges that she violated a National Park Service regulation in September 2005 by protesting on a White House sidewalk. As the court said:
We reverse and remand for a new trial . . .
Search engines can help you find email addresses.
People such as you and I — we who spend many happy hours preparing to try and occasionally trying business lawsuits — often find ourselves needing, of all things, the email addresses of other people.
Think about it. All but antediluvian lawyers, and pre-antediluvian clients, use
New SG partners in Los Angeles, Kathy Hoek and Steve Sklaver.
Blawgletter wishes congratulations to Kathryn P. Hoek and Steven G. Sklaver on their joining the ranks of partners in our firm, Susman Godfrey L.L.P. Both work principally in the Los Angeles office.
Ms. Hoek graduated from Yale Law School in 2001 and joined