Law Firms

The US Supreme Court’s decision this week asserting federal control over marijuana used for medical purposes would seem to bring that controversial practice to a halt. Uncle Sam – not the states – has the last word here, the court ruled. But the 6-to-3 ruling may have raised more questions than it answered – and […]

Microsoft cleared a major stumbling block on Monday and won praise from the European Commission for finally putting forward acceptable proposals to comply with European Union antitrust sanctions. The risk that the EU executive might hit the world’s largest software company with a fine of up to $5 million a day receded because Microsoft’s proposal

The movement of attorneys from huge to smaller law firms is becoming more common, according to some recruiters. As big practices get bigger and pursue hefty clients to match that growth, many attorneys who service smaller clients find their careers at odds with their firms’ strategic plan, he said. In those cases, moving on to

A former banker at Credit Suisse First Boston, Frank P. Quattrone, citing a Supreme Court ruling this week that overturned the conviction of accounting firm Arthur Andersen, asked an appeals court yesterday to reverse the guilty verdict in his case. Mr. Quattrone, who was convicted last year of obstructing investigations into First Boston, told a

A Brooklyn appeals court has sanctioned Sullivan & Cromwell for engaging in “frivolous conduct” in its defense of a proposed class action suit over credit card late fees in Westchester County Supreme Court. In Naposki v. First National Bank of Atlanta, 2572/00, the Appellate Division, 2nd Department, ordered the firm to pay $5,000 to the

America’s biggest investors expressed grave fears over the direction of US corporate governance yesterday after President Bush nominated a Republican congressman with a history of hostility towards the investment community as the new chairman of the US Securities and Exchange Commission. Christopher Cox, a Republican congressman on the right of his party who was a

Lawyers in Michael Jackson’s child abuse trial are making their closing arguments as the long-running trial inches towards a conclusion. Prosecution and defence teams will have one final say, after trial judge Rodney Melville spent Wednesday issuing instructions to jurors. The jury may start deliberations on Friday into claims the singer abused a 13-year-old cancer

In 1970, when I was serving as a lieutenant in the U.S. Navy and assigned to Adm. Thomas H. Moorer, the chief of naval operations, I sometimes acted as a courier, taking documents to the White House. One evening I was dispatched with a package to the lower level of the West Wing of the

“Today’s verdict is wrong…The reality here is that this verdict represents only a technical conviction.” So reads a statement Arthur Andersen issued back on June 15, 2002, just after a Houston jury found the accounting firm guilty concerning its actions in the Enron affair. Technical though it may have been—Andersen was convicted not for abetting

Big Business is certainly touting it as a big win. On May 31, the Supreme Court unanimously rejected a Justice Dept. claim that accounting firm Arthur Andersen knowingly impeded a federal probe when its execs instructed employees to destroy documents that might have proven key to a government case against Enron. Arthur Andersen is vindicated,