Law Firms

On a warm fall evening in 2004, not long after he was elected to the U.S. Senate from Illinois, Barack Obama attended an intimate Washington dinner party. Seated next to him was Covington & Burling’s Eric Holder Jr. — a high-profile litigation partner and former deputy attorney general in the Clinton administration. The two men […]

A San Diego Superior Court judge ruled yesterday that Starbucks has to pay nearly $106 million in restitution to an estimated 120,000 current and former baristas in California because the coffee company illegally allowed supervisors to share in tip pools over the past eight years. The four-paragraph ruling by Superior Court Judge Patricia Cowett capped

Lewis “Scooter” Libby, the former chief of staff to Vice President Dick Cheney, was stripped of his ability to practice law on Thursday as a result of his conviction in the CIA leak case. The former White House aide was found guilty a year ago of obstruction of justice and lying. Those are considered crimes

The bargain-basement sale of Bear Stearns to JPMorgan Chase brought out some of the biggest names in the legal profession. Sullivan & Cromwell; Skadden, Arps, Slate, Meagher & Flom; and Cadwalader, Wickersham & Taft represented Bear Stearns in its sale, subject to shareholder approval, to JPMorgan Chase for $236 million, or $2 a share. Wachtell,

The Bear Stearns fire sale has already lead to the first of – what many consider – to be a raft of lawsuits against the former securities and banking giant. U.S. law firm Coughlin Stoia Geller Rudman & Robbins LLP said on Monday it had sued Bear Stearns Co Inc, accusing the investment bank, sold

Over the years, Richard F. “Dickie” Scruggs earned a reputation as one of the nation’s wiliest and most powerful plaintiff’s attorneys. Along the way he was hailed as a champion of the little guy. He was also derided as a scoundrel who would stoop as low as necessary to get his way — and fatten

An ongoing Pentagon investigation into the videotaping of terror suspect interrogations has uncovered at least 50 videotaped interrogations, the New York Times reported Thursday. Most of the videotaped interrogations involved two terror detainees, Jose Padilla and Ali al-Marri. Officials denied that any of the tapes depict interrogation tactics that would qualify as torture, although one

Four Federal Reserve governors voted unanimously to approve a 28-day secured Fed loan facility to Bear Stearns Friday using a rarely used Depression-era provision of the Federal Reserve Act that normally requires five governors’ approval, Fed officials said. The Fed normally has seven governors but two seats are currently vacant and one governor was traveling

Resigning over reports he paid for a $1,000-an-hour prostitute, New York Gov. Eliot Spitzer leaves behind his political post but could face legal trouble from the stunning sex scandal. Spitzer, who fought malfeasance on Wall Street with publicity-conscious vigor, fell from grace after The New York Times reported this week that his conversations to arrange

The nation’s top economic policymakers, hoping to prevent a repeat of the excesses that led to the mortgage bubble and bust, on Thursday proposed a broad series of reforms aimed at tightening oversight of financial institutions. The changes include tougher disclosure requirements for banks and Wall Street firms, a nationwide licensing system for mortgage brokers