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12-15-2011

Matthew Kluger Pleads Guilty in Insider Trading Scheme Worth $37 Million

Matthew Kluger, a former Am Law 100 associate, has pleaded guilty to the charge of a massive insider trading scheme. This makes Kluger the second person to plead guilty in less than a week for the same scheme. Last week it was Garrett Bauer who pleaded guilty. Both attorneys have entered guilty plea....[more]
12-15-2011

Cooley Opens Shanghai Office

Cooley has opened a representative office in Shanghai. The Shanghai office will be headed by D. Bradley Peck and Patrick Loofbourrow, both of whom are the firm's corporate partners from San Diego. Peck works in corporate and securities law for technology and life science companies and his clients ra....[more]
12-14-2011

New York Judge Says a Law Partner is Not an Employee

New York Supreme Court Justice Marcy Friedman has ruled in favor of law firm Holland & Knight which was being sued by a former partner for age discrimination. John Weir, who was a partner in the firm, was expelled from the partnership. He was 55 at the time. Weir sued the firm in 2005 claiming that ....[more]
12-14-2011

Paul Hastings' Pro Bono Team Succeeds in Bringing Enterprise Shuttle to New York City

A pro bono team of Paul Hastings has helped New York City get the space shuttle orbiter Enterprise. Paul Hastings partner Robert Wertheimer led the team which represented the Intrepid Museum Foundation. The Enterprise is currently in a Smithsonian Institution hangar in Virginia and was the first shu....[more]
12-14-2011

S&C Advising ENN Energy Holdings and China Petroleum & Chemical for $2.2 Billion Deal

Sullivan & Cromwell is advising ENN Energy Holdings and China Petroleum & Chemical in their cash offer bid to take over the Hong Kong firm China Gas Holdings. ENN is a major firm in the Chinese natural gas distribution market and China Petroleum (also know as Sinopec) is Asia's largest petrochemical....[more]
12-13-2011

California Attorney Claims Billing 3000 Hours is Not Possible

Richard Unitan, a Riverside, CA, based lawyer claims that asking a lawyer to bill 3000 hours is basically asking the lawyer to commit billing fraud. Unitan was an associate at the law firm of Adelson, Testan, Brundo & Jimenez in Van Nuys where he was asked to bill 3000 hours to their clients. He was....[more]
12-13-2011

Crowell & Moring Settles Suit with Client

Crowell & Moring has settled a case in which one of its attorneys, Douglas Arnsten, was accused by Regal Real Estate of stealing millions of dollars of real estate escrow funds. Crowell said in a statement that it had resolved the matter to everybody's satisfaction, particularly the client (Regal Re....[more]
12-13-2011

Paul Weiss Matches Associates Bonuses

Paul Weiss has announced its bonuses and the firm has matched the bonuses announced by most other major firms. The associates from the class of 2003 will be getting $42,500 as bonus. The class of 2010 and 2011 will get bonuses of $7,500, although the amount will be prorated for the class of 2011.....[more]
12-12-2011

Debevoise and Plimpton Matches S&C in Associate Bonuses

The law firm of Debevoise and Plimpton has announced its bonuses for associates and the firm has matched Sullivan & Cromwell's bonuses. Before Debevoise and Plimpton announced its bonuses, Sullivan & Cromwell had the highest paid bonuses for the class of 2003 at $42,500. Now Debevoise and Plimpton h....[more]
12-12-2011

Starbucks General Counsel Leaves Firm to Join Obama 2012 Campaign

Paula Boggs, Starbucks general counsel, is leaving her firm in spring to join Obama's 2012 re-election campaign. Boggs is planning to do most of her work from Seattle and Santa Fe. Starbucks released a statement which said that Boggs' new role was continuing her previous work that she had done for t....[more]
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