Today's Date: Add To Favorites
Bi-coastal U.S. law firm merger off
Legal Business | 2007/01/05 17:13

A bi-coastal U.S. law firm merger that would have created a 1,200-lawyer national firm with annual revenue of $1 billion has been called off, the firms say.

Dewey Ballantine of New York and San Francisco`s Orrick Herrington & Sutcliffe called off the merger less than three months after the firms` executive committees backed the combination, The American Lawyer reported.

Since the initial agreement, a number of 'significant challenges' arose, the firms said. Adding to the strain, more than 10 Dewey partners left, though not all departures were merger-related, the American Lawyer said.

A former partner attributed the breakdown of the merger to a leak early in the discussions between the two firms.

The combined firm, whose name would have been Dewey Orrick, would have ranked among the 10 largest law firms in the United States.



The Catholic Diocese to settle abuse claims
Breaking Legal News | 2007/01/05 12:54

The Catholic Diocese of Spokane has agreed to settle molestation claims against priests on Thursday for $48 million as part of a Chapter 11 reorganization plan. Victims and a federal bankruptcy judge must still approve the deal, however, Judge Gregg W. Zive of the Nevada Bankruptcy Court, who is mediating the settlement, said he believes the settlement would provide "closure and allow to move forward and continue with the healing process." The diocese filed for Chapter 11 in 2004 stating that the sexual abuse claims far exceeded its $11 million in assets. Last May, a $45.7 million settlement offered by the diocese was rejected by the US Bankruptcy Court for the Eastern District of Washington because it only covered 75 of approximately 185 abuse complaints against the diocese.

The Spokane diocese came up with this plan in order to avoid bankruptcy and also offer succor to people by allowing them "closure" for their sufferings. Around 150 claims have been filed against the diocese and this settlement provision gives the Church a chance to avoid insolvency as well.

The Archdiocese of Portland filed for Chapter 11 in 2004, and the dioceses of Tuscon, Spokane, and Davenport soon followed suit in the wake of hundreds of sexual abuse lawsuits against clergy. Last month, the Portland archdiocese filed a new bankruptcy plan including a $75 million settlement of the sexual abuse claims.

Federal bankruptcy Judge Gregg Zive said that the settlement would allow the victims to gain some "measure of closure and allow them to move forward and continue the healing process”. However the plan still needs to be approved by the victims as well as another judge.

Zive said that the money would be put up by six insurance companies and would also be collected through selling off the bishop's office building. However he added that the specific amount to be disbursed to specific victims was not yet determined.

The judge also added that the settlement would allow the diocese “to continue its ministry and to begin its own journey of renewal, healing and hope”. It may be recalled that the Spokane diocese bankruptcy protection in 2004 after the claims against it increased to $81.3 million.



Sudan joins UN in peacekeepers sex crimes probe
International | 2007/01/05 12:54

The government of Southern Sudan, an autonomous region in Sudan, will join the United Nations in probing alleged sex crimes committed by international peacekeepers against at least twenty Sudanese children in Juba, according to a statement from the Southern Sudanese minister for presidential affairs Thursday. The statement promised a thorough inquiry, emphasizing: "If any persons are proved to have committed these terrible crimes, the Government of Southern Sudan will take all possible steps to ensure the perpetrators are brought to justice." The move follows a Wednesday statement by a spokesperson for UN Secretary-General Ban Ki-moon confirming the UN inquiry and indicating that all credible allegations will be turned over to the UN Office of Internal Oversight Services (OIOS). The UN investigation was spawned by an internal UNICEF report and interviews with alleged victims. Reuters has more.

On Thursday a UN spokesperson confirmed that the UN Mission in Sudan (UNMIS) repatriated four peacekeepers to Bangladesh late last year following allegations of sexual abuse. Michele Montas said that the Department of Peacekeeping Operations will work with the Bangladeshi government to monitor the case and any actions taken against the repatriated peacekeepers. Thirteen other UNMIS staffers are currently under investigation for misconduct, though not all are related to the sex abuse charges.



Orrick, Dewey law firm merger scrapped
Law Firm News | 2007/01/05 12:50

A planned law firm merger between San Francisco's Orrick Herrington & Sutcliffe LLP and Dewey Ballantine LLP has been scrapped.

The aborted deal is a blow to both firms on two fronts. Law firm executives wanted to combine Orrick's bond practice with the merger and acquisition expertise of New York's Dewey to attract more big-dollar case work. A union also would have greatly expanded the Orrick-Dewey presence in the Big Apple, the world's financial capital.

 
Orrick has an office in Menlo Park, San Francisco, and 16 other places in seven countries. Dewey Ballantine has California offices in East Palo Alto and Los Angeles.

Orrick and Dewey "jointly decided" to end merger discussions, according to a statement released Thursday. Both firms saw great potential in a combination, the statement said, but "a combination of this size and scope posed significant challenges."

Sources said those challenges included defections of some big name Dewey lawyers after merger talks between the two firms gained steam. In recent weeks top Dewey M&A attorney Michael Aiello joined Weil Gotshal & Manges. Last month Jack Bodner, another leading M&A counselor, left Dewey for Covington & Burling. At least 10 Dewey partners left the firm since news of the proposed Orrick-Dewey deal spread last September. Whether all those defections are tied to the planned union is not clear. But sources said those attorneys' moves made the merger less appealing to Orrick.

Leaders at Dewey had concerns, too, sources said. Some Dewey partners objected to the potential makeup of the executive committee of the combined firm, which they felt would have weighed too heavily in Orrick's favor.

A merger with Dewey would have been a blockbuster deal for Orrick, which has been on a rapid growth clip under chairman Ralph Baxter Jr. A united Orrick and Dewey would have had an estimated $946 million in annual revenue generated by more than 1,200 attorneys around the globe. That would have made the combined firm the 10th biggest in the United States based on revenue. It also would have resulted in a New York office of nearly 500 lawyers, making it the fifth largest law office in the world's financial capital.



Settlement Reached in Disney Suit
Breaking Legal News | 2007/01/04 19:49

Walt Disney Co. has settled a lawsuit brought by the family of a woman that said her fatal aneurysm was triggered by the Indiana Jones Adventure ride in Disneyland.

Both sides refused to release the settlement terms, agreed to Friday. The trial was set to start Thursday in Los Angeles.

"Safety always has been, and continues to be, our top priority," said Rob Doughty, a Disneyland spokesman, in a prepared statement.

Barry Novack, the plaintiff's attorney, declined to comment about the family's reaction.

Cristina Moreno, of Barcelona, Spain, was a 23-year-old newlywed on her honeymoon when she and her husband rode the Indiana Jones attraction in Anaheim on June 25, 2000, court documents state. Within a few hours, she collapsed from a bleeding cerebral aneurysm. She died a few months later.

Her estate filed the lawsuit in 2001, seeking more than $1 million in damages. The plaintiff alleged that that the jerky moves and emotional stress from the ride prompted the pre-existing aneurysm to rupture, court documents state.

At least three other lawsuits related to Indiana Jones-ride injuries were filed then settled.

The Moreno case might have made it easier for visitors to successfully sue over ride-related injuries. In a ruling last year tied to the case, the California Supreme Court found that Disney must apply "the utmost care and diligence" related to passenger safety, allowing the case to go forward.



Miers steps down from chief counsel post
Breaking Legal News | 2007/01/04 17:12

White House legal counsel Harriet Miers resigned from her post Thursday effective January 31. Press Secretary Tony Snow gave no specific reason for her departure except to say that she has been working at the White House for six years. In a White House press briefing he added: Harriet is a very special person in this White House. She is beloved not only because she is a really good human being, she's an extraordinarily wonderful human being, but also somebody who is a very careful and scrupulous lawyer, a ferocious defender of the Constitution, and somebody who was also deeply loyal to the President, and just somebody who is a delight to work with. So it is one of these things where everybody really -- it's very bittersweet, and you can get that from the tenure of the -- tenor of her note. She has decided that it's time to move on. She and Josh Bolten have had a series of conversations in recent days about this, and she made her decision yesterday.

Miers, formerly President Bush's personal lawyer and the first female president of the Texas State Bar Association, was Bush's first nominee to replace retiring Justice Sandra Day O'Connor on the Supreme Court in 2005.

The soft-spoken Miers has described herself as a "Texan through and through." White House deputy chief of staff Karl Rove said she can be "tough as nails." Bush once called her "a pit bull in size 6 shoes."

She was Bush‘s personal lawyer in Texas, took on the thankless job of cleaning up the Texas Lottery when he was governor, and followed him to Washington to serve as staff secretary until Bush appointed her White House counsel, succeeding Alberto Gonzales when he was named attorney general.

Miers withdrew her nomination after intense scrutiny by lawmakers and observers wary of her lack of judicial experience.



Chile drops tax charges against Pinochet's widow
International | 2007/01/04 17:11

A Chilean appeals court has dropped tax evasion charges against the widow and two children of former Chilean dictator General Augusto Pinochet. In a decision Wednesday, the Santiago Court of Appeals upheld charges against Pinochet's youngest son and two of his lawyers and also dropped other charges against Pinochet's relatives for acting as accomplices in the use of false passports.

Pinochet, his wife, four of his children, daughter-in-law, former attorney and secretary were indicted in early 2006 on charges of filing false tax returns. Pinochet died last month without ever facing trial in either the tax evasion case or on multiple human rights charges.



[PREV] [1] ..[1137][1138][1139][1140][1141][1142][1143][1144][1145].. [1177] [NEXT]
All
Class Action
Bankruptcy
Biotech
Breaking Legal News
Business
Corporate Governance
Court Watch
Criminal Law
Health Care
Human Rights
Insurance
Intellectual Property
Labor & Employment
Law Center
Law Promo News
Legal Business
Legal Marketing
Litigation
Medical Malpractice
Mergers & Acquisitions
Political and Legal
Politics
Practice Focuses
Securities
Elite Lawyers
Tax
Featured Law Firms
Tort Reform
Venture Business News
World Business News
Law Firm News
Attorneys in the News
Events and Seminars
Environmental
Legal Careers News
Patent Law
Consumer Rights
International
Legal Spotlight
Current Cases
State Class Actions
Federal Class Actions
Starbucks appears likely to ..
Supreme Court will weigh ban..
Judge in Trump case orders m..
Court makes it easier to sue..
Top Europe rights court cond..
Elon Musk will be investigat..
Retired Supreme Court Justic..
The Man Charged in an Illino..
Texas’ migrant arrest law w..
Former Georgia insurance com..
Alabama woman who faked kidn..
A Supreme Court ruling in a ..
Court upholds mandatory pris..
Trump wants N.Y. hush money ..
Supreme Court restores Trump..


Class action or a representative action is a form of lawsuit in which a large group of people collectively bring a claim to court and/or in which a class of defendants is being sued. This form of collective lawsuit originated in the United States and is still predominantly a U.S. phenomenon, at least the U.S. variant of it. In the United States federal courts, class actions are governed by Federal Rules of Civil Procedure Rule. Since 1938, many states have adopted rules similar to the FRCP. However, some states like California have civil procedure systems which deviate significantly from the federal rules; the California Codes provide for four separate types of class actions. As a result, there are two separate treatises devoted solely to the complex topic of California class actions. Some states, such as Virginia, do not provide for any class actions, while others, such as New York, limit the types of claims that may be brought as class actions. They can construct your law firm a brand new website, lawyer website templates and help you redesign your existing law firm site to secure your place in the internet.
St. Louis Missouri Criminal Defense Lawyer
St. Charles DUI Attorney
www.lynchlawonline.com
Lorain Elyria Divorce Lawyer
www.loraindivorceattorney.com
Legal Document Services in Los Angeles, CA
Best Legal Document Preparation
www.tllsg.com
Car Accident Lawyers
Sunnyvale, CA Personal Injury Attorney
www.esrajunglaw.com
East Greenwich Family Law Attorney
Divorce Lawyer - Erica S. Janton
www.jantonfamilylaw.com/about
St. Louis Missouri Criminal Defense Lawyer
St. Charles DUI Attorney
www.lynchlawonline.com
Connecticut Special Education Lawyer
www.fortelawgroup.com
  Law Firm Directory
 
 
 
© ClassActionTimes.com. All rights reserved.

The content contained on the web site has been prepared by Class Action Times as a service to the internet community and is not intended to constitute legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. Affordable Law Firm Web Design