BP to pay $138 million in fees in DOJ deal
The value of BP Plc’s settlement with the U.S. government and five Gulf states over the Deepwater Horizon oil spill rose to $20.8 billion in the latest tally of costs from the U.S. Justice Department.
Bloomberg News
Articles
NCAA athletes face long next yard in bid for free-market pay
College athletes are heading back to court in pursuit of pay for play one day after a major setback in their quest for a larger share of the multibillion-dollar industry.
Are merger suits in Delaware poised for a drop?
Are Delaware’s judges attempting to rein in the shareholder litigation that has become an inevitable sideshow to virtually every corporate takeover?
For new associates, work seems like school
It’s like going back to school. Before they begin to work, new lawyers at many big firms complete lengthy orientation programs that provide instruction on topics like basic accounting and finance.
Volkswagen to be subpoenaed in probe by 27 states
A majority of U.S. states, including Indiana, have begun a joint investigation of Volkswagen AG in the widening fallout from the company’s admission that 11 million of its diesel vehicles use software to cheat emissions tests.
A spate of deals brings work for M&A attorneys
A slew of deals were announced on Tuesday, representing an uptick in mid-size to multi-billion dollar deals in industries from media to hospitality. And of course that meant more work for transactional lawyers at many firms.
Attorney monitor tracks $2.5 billion settlement
Independent monitor Thomas Perrelli released his third report this year giving details of Citigroup Inc.’s progress in complying with a settlement valued at $2.5 billion.
JPMorgan Chase settles suit over Christ Church trust accounts
JPMorgan Chase & Co. has settled a lawsuit accusing it of mismanaging the trust accounts of Christ Church Cathedral, the historic Monument Circle church endowed by descendants of drug company founder Eli Lilly.
Eli Lilly wins first trial over antidepressant ‘brain zaps’
Eli Lilly and Co. isn’t liable for withdrawal symptoms including so-called brain zaps experienced by a woman after she quit the antidepressant Cymbalta, a federal jury said.
Survey reveals managing partners’ economic mood is muted
Managing partners at the end of 2014 expressed renewed economic confidence. The mood seems less rosy now, according to the latest survey by the Law Firm Group at Citi Private Bank.
Gender gap persists among lead trial counsel
When it comes to lead trial counsel, a recent American Bar Association Study reveals that the gender divide shows no signs of going away.
Lilly, partner sue Lupin over generic testosterone
Indianapolis-based Eli Lilly and Co. and Acrux DDS Pty Ltd. have filed a lawsuit against Lupin Pharmaceuticals Inc. for alleged infringement of patents that cover the testosterone treatment Axiron.
Who gets the notes? The ABA sides with firms
Clients may come and clients may go, but until now it hasn’t been entirely clear who gets the documents, as well as the notes and drafts, when a client decides to change attorneys.
EPA loses on power-plant emissions rule
The Obama administration didn’t adequately consider the billions of dollars in costs before issuing a rule designed to cut hazardous emissions from 460 coal-fired power plants, the Supreme Court of the United States ruled.
Housing-discrimination lawsuits backed by US Supreme Court
The Supreme Court of the United States said people who file housing-discrimination lawsuits don’t have to show they were victims of intentional bias, in a blow to lenders and insurers and a surprise legal victory for the Obama administration.
Report shows ‘new models’ for work-life balance in legal practice
It’s been almost 30 years since Working Mother magazine coined the term “work-life balance.” Since then, men as well as women have increasingly sought ways to practice law without the grueling hours.
Pensions vex as ranks of retired partners grow
The funding of pension plans remains problematic for many employers, and on June 17 the federal government named well-known attorney and mediation maven Kenneth Feinberg to supervise a new program that allows some pension funds to cut retiree benefits.
Confederate flag license plate bid spurned by top US court
Texas acted legally when it refused to issue a license plate depicting the Confederate battle flag, the Supreme Court of the United States ruled in a decision that means dozens of states won’t have to open up their specialty-tag programs.
California says Uber drivers are employees
The California labor commissioner’s ruling that an Uber Technologies Inc. driver must be treated as an employee may have repercussions throughout the on-demand economy.
Spring-back attorneys return to firm practice
While many corporate legal departments are expanding as matters are worked on internally, some in-house counsel are counter trend, opting to leave their posts to join law firms. Most had worked for a firm for at least a few years, often at the beginning of their careers, before moving to companies.