Competing Shareholder Plans Advance

The Securities and Exchange Commission has voted to seek public comment on two competing proposals dealing with shareholder influence on corporate boards.

At issue is whether shareholders may change corporate…

Jul 26, 2007 3:11 PM CDT

Strong Support for Privilege Bill

Supporters predict that legislation to protect attorney-client privilege in corporate probes could pass by the end of a year.

Bills introduced in the House and Senate have strong bipartisan backing,…

Jul 26, 2007 2:29 PM CDT

Japan Changing Corporate Rules

A two-year sentence for a Japanese fund manager who traded on inside information shows Japan’s growing resolve to police its markets.

Yoshiaki Murakami received a two-year prison sentence for buying…

Jul 19, 2007 4:40 PM CDT

Attorney-Client Privilege Bill Praised By ABA Prez

The president of the ABA is backing legislation that would bar prosecutors from pressuring companies to waive attorney-client privilege and cut off employees’ legal fees.

U.S. Rep. Bobby Scott, D-Va.,…

Jul 18, 2007 12:31 PM CDT

Judge Delays Private Buyouts

Two deals to sell public companies to private investors have hit a wall in the form of Delaware Judge Leo E. Strine Jr.

In two recent opinions, the chancery court…

Jul 12, 2007 5:51 PM CDT

Jury Deadlocked in Conrad Black Case

After nine days of deliberation and a three-month trial, a Chicago jury in the Conrad Black case told the judge today that it’s deadlocked.

In a note sent to the…

Jul 10, 2007 10:42 PM CDT

First Banana Workers Get US Court Trial

It has been some 30 years since thousands of banana workers in Central America claim to have been exposed to carcinogenic pesticides on plantations there. Intended to kill worms infesting…

Jul 9, 2007 6:00 PM CDT

Corp Clients Trim US/Foreign Firm Rosters to Save $$

Major medical insurers have been leveraging their purchasing power for decades, negotiating fee discounts from medical providers by promising a large volume of business from insured individuals.

Now in-house counsel…

Jul 6, 2007 6:06 PM CDT

London Firms Earn #1 Billing in World

Record profits for the biggest London law firms reportedly make them the dominant players in the world legal market.

Three London firms, headed by Clifford Chance, are at the top…

Jul 5, 2007 7:25 PM CDT

Sullivan & Cromwell is Top Dealmeister

Edging out London’s Clifford Chance for top honors, New York City’s Sullivan & Cromwell was once again the number one law firm overseeing the world’s biggest corporate deals in the…

Jul 3, 2007 7:46 PM CDT

Recall Stalls Despite Tire Defect Suits

A tire distributor has sued a Chinese tire maker alleging it eliminated a safety feature without notification.

But the tires are still on vehicles, even after a fatal accident allegedly…

Jun 26, 2007 7:52 PM CDT

‘Phenomenal Year’ for Florida Lawyers

Defying predictions of a law practice slowdown, attorneys in South Florida report their business is booming.

“It was a phenomenal year to be a lawyer,” John C. Sumberg, managing partner…

Jun 18, 2007 9:16 PM CDT

Critic: Ruling Spurs ‘Mercenary Attorneys’

Four men may sue a California nightclub for denying them ladies’ night discounts without first asking the club to stop discriminating.

The California Supreme Court ruled yesterday…

Jun 1, 2007 6:03 PM CDT

Bomb Image in Business Fax a Bad Idea

Among the new causes of action and subjects of potential claims constantly developing in the ever-changing American legal arena, add one to the list that some might consider a no-brainer…

May 31, 2007 6:37 PM CDT

Splenda Agrees to Settlement

How sweet is the settlement reached Friday between the makers of Splenda and Equal?

Lawyers won’t say. They agreed to the deal after jurors announced they had reached a verdict,…

May 14, 2007 12:33 PM CDT