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11-02-2011

Ex Watkins Shareholders Sue the Firm

Jackson, Mississippi–based firm, Watkins Ludlam Winter & Stennis, and its board of directors have been sued by two former shareholders, F. Hall Bailey and Vikki Taylor. This was a result of the planned merger between professional home and Jones, Walker, Waechter, Poitevent, Carrere & Denegre. As p....[more]
11-01-2011

David Tamman Claims He Was Made a Scapegoat in SEC Probe

David Tamman, a former partner at Nixon Peabody, had been wedged in an investigation carried out by Securities and Exchange Commission for allegedly tricking securities of a former client. Tamman claimed that he was made a scapegoat in the matter and most of his $1.5 million book of business was tak....[more]
11-01-2011

Eight Firms Appear on a List of the Brokerage's Largest Unsecured Creditors

Commodities and financial derivatives broker MF Global Holdings filed a Chapter 11 case in Manhattan, along with its main finance unit, on Monday. Skadden, Arps, Slate, Meagher, & Flom, Sullivan & Cromwell, and Weil, Gotshal & Manges will be advising the firm on the matter. This case is considered a....[more]
11-01-2011

Quinn Emanuel Urquhart & Sullivan Accused of Racial Discrimination

Quinn Emanuel Urquhart & Sullivan has been accused of discriminating against a former staff attorney because of her race and then leaving no choice but to quit. Kisshia Simmons-Grant has requested for unspecified compensatory and punitive damages for what she supposes are past and future lost earnin....[more]
10-31-2011

Combining Firms Has Become a Universal Business Strategy

Mayer, Brown & Platt, an 850-lawyer firm based in Chicago, merged with Rowe & Maw, a 250-lawyer U.K. firm in 2002. Now, mergers have become a universal business strategy. Minneapolis-based Faegre & Benson, a 450 lawyer firm, and Indianapolis-based Baker & Daniels, a 320 lawyer firm, merged together ....[more]
10-31-2011

Willkie Partners and Associates Join Bloomberg L.P.

Willkie Farr & Gallagher is facing a crisis situation after five partners and up to 15 associates and counsel leaving the firm to join as in-house employees in Bloomberg L.P., the firm's largest client. This will be effective from January 1, 2012. Richard DeScherer will be the new legal chief office....[more]
10-31-2011

New Howrey Trustee, Allan Diamond, Believes Liquidation Will Become Debatable

Diamond McCarthy, Texas-based law firm, filed a chapter 11 lawsuit in June this year. Allan Diamond, the managing partner of the firm has had a full caseload of his own firm after becoming the government-appointed Chapter 11 trustee of defunct law firm Howrey on October 7. After being appointed the ....[more]
10-25-2011

A $2 Billion Deal Announced Four Years Ago is Back in the News

Michael Woodford, former Olympus CEO, has tapped off a burgeoning talk over 2007 acquisition of British medical equipment maker Gyrus Group from his former employer. He was fired on October 14 by Olympus. He accuses Olympus of forcing him out after he threatened to expose an alleged fraud at the Jap....[more]
10-25-2011

Judge Orders Ex-partner's Discrimination Suit Be Decided in Confidential Arbitration

Irell & Manella's former entertainment partner brought employment discrimination and wrongful termination lawsuit against the firm. A California Superior Court judge has sided with the firm and ordered that the lawsuit be decided in a confidential arbitration proceeding rather than a public courtroo....[more]
10-25-2011

Law Firm Mergers Taking Place from Texas to Portugal

Baker, Donelson, Bearman, Caldwell & Berkowitz plans to open its first office in Texas. This will take place through the acquirement of Spain Chambers, a seven-lawyer Houston shop. After the acquisition, the firm will have a total of 620 attorneys and advisors across 17 offices with presence in six ....[more]
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