Law Firms

A group of eight former lawyers with Testa, Hurwitz & Thibeault on Thursday filed to take their former employer into involuntary Chapter 11 bankruptcy, an unusual move that could complicate the firm’s plans to liquidate. The Chapter 11 petition, filed Feb. 17 in the U.S. Bankruptcy Court for the Eastern District of Massachusetts, seeks to […]

Greed, power and worry drove Bernard Ebbers, the former chief executive of WorldCom Inc., to mastermind a fraud that cost investors billions of dollars, a U.S. prosecutor said in closing arguments on Wednesday. Assistant U.S. Attorney William Johnson told jurors that on Ebber’s watch, “WorldCom had truly become WorldCon. “Bernie Ebbers was the leader of

Finding Baker Botts breached its fiduciary duty in connection with estate-planning work done for a wealthy widow in Kerrville, Texas, a jury in Kerr County returned a $65.5 million verdict on Feb. 25 against the Houston-based firm and other defendants. By a 10-2 vote, the jury found Baker Botts breached its fiduciary duty for failing

A federal judge weighed the fate of a brain-damaged Florida woman on Monday, acting hours after the U.S. Congress and President Bush intervened to push the highly charged right-to-die case back into court. U.S. District Judge James Whittemore began a hearing shortly after 3 p.m. EST to consider a request from Terri Schiavo’s parents to

When Johnson Tan rented a 300-square-metre room for Jones Day’s Beijing office two years ago, he worried the space might be too big. Tan, partner at Jones Day’s Beijing office, had reason to worry, as the company faced numerous uncertainties when it first arrived in Beijing. For example, the city was being ravaged by the

New York Attorney General Eliot Spitzer has issued subpoenas to at least two of the nation’s three largest drug distributors in what appears to be a probe into the way the companies buy drugs from each other. AmerisourceBergen Corp., Chesterbrook, Pa., in a filing late Thursday with the Securities and Exchange Commission said one of

Enron Corp.’s once-proud broadband unit was little more than a mishmash of questionable software, accounting tricks and unkept promises, a U.S. prosecutor said as the trial of five former executives got under way on Tuesday. “The mission of Enron Broadband Services (EBS) was to pump up the Enron stock price by telling investors they had

In his 39 years as a corporate lawyer, Andrew Bogen had seen his share of headstrong CEOs. So he wasn’t especially surprised by the excitable man glaring at him across the room. Craig Conway, the president and chief executive officer of PeopleSoft, Inc., had good reason to be agitated. His company had just been targeted

The two former directors of the Walt Disney Company never much liked Robert A. Iger, Michael D. Eisner’s choice as his successor, and now they are going after the company and members of the board of directors for choosing Mr. Iger as the next chief executive. Robert A. Iger will assume the duties of chief

The United States military expressed anger and dismay today over the unauthorized release of photographs of a jailed Saddam Hussein in his underwear and performing menial activity. But President Bush expressed doubt that the episode would further inflame anti-American sentiment in Iraq. “These photos were taken in clear violation of Department of Defense directives and