A few weeks after a judge ordered Richard Grasso to hand over an unspecified chunk of the pay he received as the head of the New York Stock Exchange, New York Attorney General Eliot Spitzer has come up with some actual figures. Mr. Spitzer, who is suing to recover much of the $187.5 million awarded […]
The Swiss holders of the America’s Cup have launched legal action against an unidentified New Zealander in an attempt to regain a discarded piece of the prestigious yachting trophy. The Societe Nautique de Geneve (SNG) said on Friday at 0300GMT deadline for the individual to surrender a piece of the world’s oldest sporting trophy had
The consolidation within the US legal midmarket continued with the announcement that an East Coast-based 400-lawyer firm called Day Pitney would be created out of a merger between Connecticut-headquartered Day Berry & Howard and New Jersey firm Pitney Hardin. The news came the day after it was revealed that Pinsent Masons’ US ally, Thelen Reid
US District Judge I. Leo Glasser imposed the term and an $8 million fine yesterday in Brooklyn and ordered Kumar, 44, to report to a federal prison by Feb. 27. Kumar pleaded guilty in April to charges including conspiracy, fraud, and obstruction of justice. “His cupidity calls for a meaningful sentence,” the judge said. Glasser
A Bank of America official testified Thursday at the stock-market rigging trial of former Parmalat executives that his team trusted the dairy company’s financial reports and had no reason to suspect false information. Prosecutor Francesco Greco questioned Gregory Johnson, the former head of international private placement, about Bank of America’s activities selling Parmalat securities in
UK law firms Clifford Chance and Linklaters took the top two spots in the Lawyer magazine’s Global 100 survey but the big profits remain largely a US game. *US firms market share decreases Last year, there were 14 UK firms in The Global 100. This year there are 16, with UK regionals Pinsent Masons and
Universal Tube & Rollform Equipment Corp, a small Ohio-based manufacturer that employs just 17 people, claims its website became a victim of YouTube’s success after being engulfed by 68 million hits in August. It says the cost of maintaining its own website – utube.com – exploded from $19 a month to more than $3,000 a
Rights activists and lawyers on Wednesday hailed an overturned verdict in the case of a blind legal activist as a victory over corrupt officials. “This is a success of the central party committee practicing rule of law,” said Li Jinsong, lawyer for Chen Guangcheng, a self-taught legal activist blinded by a childhood illness. “This is
The suits were part of a big new push to eradicate piracy of the world’s most popular software programs and buoy consumer confidence on the eve of a major new product launch. Microsoft is on the verge of releasing new versions of Windows, its operating system, and Office, its word-processing and office management software package.
But a lawyer for Mayola Williams, whose husband died of lung cancer in 1997 after smoking for more than 40 years, defended the large award won by his client. “This jury did a very good job,” he said in urging that the award be upheld. The case has been closely watched by business groups who
