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The Atmel GC who was fired in a travel funds scandal and later blamed for stock option backdating problems wants to blow up the company's backdating settlement. Mike Ross claims a conflict involving Morrison & Foerster, Atmel's law firm, "taints" the $9.65 million settlement that is headed for final approval in federal court. The derivative suit was filed against 25 Atmel executives, including Ross, on behalf of the company. While 24 of the defendants reached a deal last year, the ex-GC and the company haven't come to terms.
Lawyers trying to find out the cost to process electronic records for litigation often run into a confusing array of data and terminology that obscures the issues. Unfortunately, industry experts agree that there is no simple way to use a common language of standards for e-discovery.
Shearman & Sterling is ditching associate lockstep for its lawyers in the U.K., Asia and the Middle East in favor of a merit-based pay system. The new system, which goes into effect May 1, will see all associates assessed twice a year against a number of criteria including client relationships, legal and technical capabilities and interpersonal skills. Associates will be placed into one of three tiers, with each level having maximum and minimum base salaries, which are yet to be decided.
The Thomson-Reuters Foundation unveiled its new international pro bono project to a group of big firm lawyers and representatives from nongovernmental organizations in Washington, D.C., on Wednesday. Dubbed TrustLaw, the effort is designed to provide a new online market for pro bono projects around the world, connecting NGOs and nonprofits in need of free legal services with law firms looking to help.
Whether you're interviewing for an out-of-town job, or interviewing with a law firm or company with several offices, you may have to combine interview stress with the added stress of travel. Consultants Valerie Fontaine and Roberta Kass have some pointers to make things go smoothly.
Encyclopaedia Britannica is suing Dickstein Shapiro for more than $250 million, claiming that the firm botched a patent application. The suit, filed Thursday in the U.S. District Court for the District of Columbia, alleges that Dickstein Shapiro mishandled several patents, leading the encyclopedia maker to lose a patent infringement suit it brought against several GPS manufacturers in 2007. According to the suit, Dickstein acted in self-interest when it learned of the problems with the patents and tried to remedy the situation.
A New York federal judge on Friday scuttled a proposed settlement of lawsuits filed by more than 10,000 Ground Zero workers seeking compensation for health problems triggered by their exposure to ash and dust spewed into the air after the 9/11 terror attacks. Judge Alvin K. Hellerstein, who has presided over the often bitter litigation for eight years, ordered the parties to renegotiate a deal, complaining that it provided too much money for attorneys and insufficient information for plaintiffs.
The White House appears ready to move quickly on a Supreme Court nominee
should Justice John Paul Stevens decide to retire before the end of the
term, with the short list of candidates reportedly including Solicitor
General Elena Kagan, appeals court Judges Diane Wood and Merrick
Garland, and Homeland Security Secretary Janet Napolitano. There seems
to be less chatter about the possible replacement than usual, though
conservatives speculate that liberals will be unenthusiastic about the
presumed front-runner, Kagan.
Cadwalader has added a three-partner group from Proskauer Rose. Louis Solomon, Hal Shaftel and Colin Underwood will expand Cadwalader's complex commercial dispute capabilities. Solomon, who co-chaired Proskauer's litigation practice until last year, will bring with him a roster of clients, including PepsiCo, Bristol-Myers Squibb and AriZona Iced Tea. Michael Lazaroff, previously senior counsel at Proskauer, will also join Cadwalader as special counsel. Solomon declined to say if associates would follow.
Two Texas attorneys are among 40 people indicted in connection with an alleged $20 million mortgage fraud involving 114 houses. The federal indictment alleges that Daniel Ayers and Anthony Flores, who owned and operated Ayers & Flores, were part of a group of real estate agents, property finders, mortgage brokers, escrow officers, property appraisers and "straw buyers" who were solicited to obtain money from lending institutions "by making materially false and fraudulent pretenses, representations and promises."
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