Law Firms

Heller Ehrman appeared on the brink of dissolution Wednesday, with some partners already looking to move with what amounted to tacit approval from firm management. In office meetings on Wednesday, partners were told that dissolution is one of several options facing the 119-year-old firm, a Heller partner said. As a result, management said it was […]

The American financial system was shaken to its core on Sunday. Lehman Brothers Holdings Inc. faced the prospect of liquidation, and Merrill Lynch & Co. agreed to be sold to Bank of America Corp. The U.S. government, which bailed out Fannie Mae and Freddie Mac a week ago and orchestrated the sale of Bear Stearns

Cravath Swaine & Moore and Davis Polk & Wardwell have won places advising on the creation of the $70 Billion liquidity facility set up by leading investment banks in the aftermath of Lehman Brothers’ collapse. Cravath is representing JP Morgan Chase as administrative agent and collateral agent for the facility, which will be made available

Mondays better not get any more manic than this. Wall Street expected to spend today trying to contain the damage from a bankruptcy filing by Lehman Brothers (LEH) after the fourth-largest investment bank failed to find a buyer for its broken balance sheet over the weekend. And that’s not all. There’s the distressed sale of

Two lawyers for Chevron Corp., the second-largest U.S. energy company, were indicted in Quito, Ecuador, over allegations stemming from a cleanup of oil pits that’s now the subject of a multibillion dollar lawsuit. Texaco Inc., which Chevron acquired in 2001, drilled for oil in the Amazon region of Ecuador through the early 1990s, when it

The highest earners in 2007 were men in legal occupations, who earned a median salary in 2007 of $105,233, according to a Census Bureau report. The online report (See:

Lawmakers give independent investigator the authority to subpoena Gov. Sarah Palin’s husband, Todd, and 11 of her aides. At issue: Did she pressure a state official to fire her former brother-in-law? A panel of Alaska legislators voted today to authorize subpoenas to the husband of Gov. Sarah Palin and a group of her aides to

Mara Carfagna, the Italian Minister for Equal Opportunities and a former “calendar girl” and television showgirl, came under fire from prostitutes’ representatives for condemning women who “sell their bodies for money”. Introducing a new law making street prostitution a crime, with fines for clients as well as prostitutes, Ms Carfagna, 32, said that at present

A federal appeals court has upheld a judgment of more than $182 million against PricewaterhouseCoopers in an auditing malpractice suit brought by the receiver for bankrupt Ambassador Insurance Co. The suit, brought by the Vermont regulators who seized control of Ambassador, accused PwC of negligence in its accounting procedures that caused the insurer’s debts to