Corporate Law

3244 ABA Journal Corporate Law articles.

GMAC Suspends Foreclosures in 23 States After Questions About Legal Paperwork

One of the nation’s largest home mortgage servicers has temporarily halted foreclosures, eviction lockouts, cash-for-keys transactions and sales of foreclosed homes in 23 states, including Florida, Illinois, New York, Ohio and Pennsylvania. The move by GMAC Mortgage follows increasing questions about whether legal paperwork in the Sunshine State—and three high-volume…

Sep 20, 2010 10:22 PM CDT

Lawyer Faces Tax-Shelter Trial, Child-Exploitation Indictment & Arson Probe

An Idaho attorney is being held without bail in San Diego, Calif., where he also had an office, following a federal grand jury indictment last month on child-exploitation charges. Meanwhile, David Jacquot, 52, is also under also investigation in Bonner County, Idaho, where what authorities are saying a suspicious fire…

Sep 20, 2010 8:20 PM CDT

As BigLaw Struggles to Provide Value, Lobbying Firms Are In the Money

Although BigLaw firms in Washington, D.C., weren’t as hard-hit by the economic downturn as New York counterparts focused on banking and financial matters, many are still struggling to find solid ground for future growth. Covington & Burling has done relatively well, with a slight increase in its attorney roster despite…

Sep 20, 2010 4:43 PM CDT

Legal Fees Still Too Fat, Corp Counsel Say; 1 Firm Works 3 Months for Free

For years, law firms doing work for major corporations charged hefty fees with relatively little objection from their clients. But now, despite a major pendulum swing that has seemingly shifted the balance of power in fee negotiations to corporate counsel in recent years, in-house lawyers are demanding more price concessions,…

Sep 20, 2010 4:08 PM CDT

2nd Circuit Bars Alien Tort Suits for Corporate Human Rights Abuses Overseas

A federal appeals court has ruled that a law used to collect damages in the United States for human rights abuses in other countries does not apply to corporations. The Alien Tort Statute can be used to sue only individuals, not corporations, according to the New York City-based 2nd U.S.…

Sep 20, 2010 11:00 AM CDT

Two More Partners Leave Nixon Peabody for DLA Piper

Two more partners have defected from Nixon Peabody for DLA Piper, bringing to 11 the number of partners who have gone that route in recent months. The latest two defectors are Paul Hall and Todd Toral, who have joined DLA Piper’s litigation practice in San Francisco, the National Law Journal…

Sep 17, 2010 9:23 PM CDT

DOL Sues Tyson Sub for Discrimination, Seeks to Cancel All Federal Contracts

The Department of Labor has filed an administrative complaint against a subsidiary of Tyson Foods Inc., alleging that Tyson Fresh Meat systematically refused to hire women at its Joslin, Ill., plant. In addition to seeking back pay for 750 rejected applicants and jobs for 100, the DOL is also seeking…

Sep 16, 2010 12:02 AM CDT

Judge Dismisses Baltimore Blight Suit Against Wells Fargo, Will Allow Refiling

A federal judge has dismissed an unusual “reverse redlining” lawsuit in which Baltimore contends Wells Fargo Bank’s subprime mortgage loans cost the city tax revenue by targeting minority homeowners for high-interest debt that encouraged them to default. As a result, the city contended, not only these properties but surrounding areas…

Sep 15, 2010 1:27 AM CDT

Arbitrator: Crime-Fraud Exception Lets Ex-Toyota Counsel Use Privileged Docs in Whistle-Blow Case

An arbitrator has ruled (PDF) that a former in-house lawyer for Toyota Motor Sales USA Inc. may use documents that otherwise would be protected by attorney-client privilege because he has made a prima facie showing that a crime-fraud exception applies. While that does not establish that any crime or fraud…

Sep 13, 2010 8:13 PM CDT

Ex-Quellos Tax Attorney Takes Plea, Will Help Pay $7M, Speak at Law School

The former chief executive officer and tax attorney for the Quellos Group LLC hedge fund have accepted a plea agreement that will require them to pay the Internal Revenue Service up to $7M and cover the estimated $400,000 cost of their prosecution by the Justice Department. As part of the…

Sep 10, 2010 10:43 PM CDT

Dissatisfied Investors, Employees Stymied by Twombly, Iqbal

Two Supreme Court rulings are helping companies fend off lawsuits by dissatisfied investors, injured plaintiffs and former employees. The two high court rulings, issued in 2007 and 2009, raised pleading requirements, making it more difficult to get cases to the discovery stage in federal court, Bloomberg reports. Both were cited…

Sep 10, 2010 10:30 AM CDT

As New Whistle-Blower Law Ups Ante, Plaintiff’s Firms Are Flooded with Would-Be Claimants

Updated: Spurred by dreams of big-bucks awards under a new federal whistle-blower law, would-be claimants are flooding plaintiff’s firms with tips about alleged fraud at public companies. “We’re inundated with calls,” partner Erika Kelton of Phillips & Cohen in Washington, D.C., tells Corporate Counsel. And many of the tips seem…

Sep 9, 2010 5:01 PM CDT

As Former Top Exec Heads to Oracle, H-P Sues re Alleged Noncompete Breach

Hewlett-Packard didn’t want Mark Hurd to continue working there as chief executive office, following claimed expense account irregularities concerning a personal relationship with a female employee. But neither did the business computer and software manufacturer want Hurd to take a job as co-president of one of its biggest competitors, Oracle.…

Sep 7, 2010 10:40 PM CDT

ISPs Reportedly Raided in 14-Country File-Sharing Bust Targeting P2P Sites

Following a two-year investigation by Belgian police, authorities have reportedly raided Internet service providers in approximately 14 European countries, in an effort to shut down websites that violate copyright laws by facilitating illegal peer-to-peer downloading of games, software and, in particular, movies. The raids, which focused on “The Scene” in…

Sep 7, 2010 10:22 PM CDT

Adult Content Producers File Mass Tort Against Alleged Downloaders

Another lawyer has waded into the mass tort fray over alleged illegal downloading of copyrighted material. Attorney John Steele of Chicago is representing three adult content producers in separate federal court claims against hundreds of unidentified “John Doe” individuals accused of using BitTorrent to pirate material created by the plaintiffs,…

Sep 7, 2010 5:22 PM CDT

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Corporate Law

GMAC Suspends Foreclosures in 23 States After Questions About Legal Paperwork

Lawyer Faces Tax-Shelter Trial, Child-Exploitation Indictment & Arson Probe

As BigLaw Struggles to Provide Value, Lobbying Firms Are In the Money

Legal Fees Still Too Fat, Corp Counsel Say; 1 Firm Works 3 Months for Free

2nd Circuit Bars Alien Tort Suits for Corporate Human Rights Abuses Overseas

Two More Partners Leave Nixon Peabody for DLA Piper

DOL Sues Tyson Sub for Discrimination, Seeks to Cancel All Federal Contracts

Judge Dismisses Baltimore Blight Suit Against Wells Fargo, Will Allow Refiling

Arbitrator: Crime-Fraud Exception Lets Ex-Toyota Counsel Use Privileged Docs in Whistle-Blow Case

Ex-Quellos Tax Attorney Takes Plea, Will Help Pay $7M, Speak at Law School

Dissatisfied Investors, Employees Stymied by Twombly, Iqbal

As New Whistle-Blower Law Ups Ante, Plaintiff’s Firms Are Flooded with Would-Be Claimants

As Former Top Exec Heads to Oracle, H-P Sues re Alleged Noncompete Breach

ISPs Reportedly Raided in 14-Country File-Sharing Bust Targeting P2P Sites

Adult Content Producers File Mass Tort Against Alleged Downloaders

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Ex-BigLaw partner hit with prison time, $4.2M restitution order in tax case

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