Legal Research

Selections from National Law Journal Daily Headlines January 6, 2009

By David Badertscher, PLL

Source: NLJ.com, January 6, 2009.

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FROM THE UPCOMING ISSUE  |  Judge cuts by 20% Dewey & LeBoeuf's initial fees for work on securities receivership
"A New York federal judge cut Dewey & LeBoeuf's fees for its first 20 days of work on a securities receivership case by 20% to $1.7 million, following Sullivan & Worcester's objection and complaint to the U.S. Securities and Exchange Commission on behalf of a client, but left the door open for Dewey to recoup the cut fees at the end of the case."

FROM THE UPCOMING ISSUE  |  Wrongful termination action filed by ex-partner against Lewis Brisbois may proceed
"A wrongful termination action filed by Gary Effron, a former partner at Los Angeles-based Lewis Brisbois Bisgaard & Smith, can press ahead following a California appeals court decision that rejected an attempt to block the lawsuit under the state's anti-SLAPP law.

WEB-ONLY  |  Small firm's strategy for '09: freeze rates and associates salaries
New York boutique firm Ingram Yuzek Gainen Carroll & Bertolotti is freezing billing rates ? and associate salaries. "We thought it was unfair to tell our associates their salaries were frozen but we are charging our clients more for their services," said partner Dan Carroll."

WEB-ONLY  |  Madoff investors may be on the hook for 'clawback' suits
"Investors who cashed out of Bernard Madoff's alleged Ponzi scheme may be on the hook for lawsuits brought by a bankruptcy trustee looking to recover money for fraud victims. Firms say clients that invested in Madoff's investment company, which allegedly defrauded investors of $50 billion, are worried about the possibility of the so-called 'clawback' cases, which are extremely common in bankruptcies following Ponzi schemes."

 WEB-ONLY  |  Obama reveals vision for DOJ with round of top appointments
"President-elect Barack Obama's vision for new leadership at the Department of Justice is now emerging with his announcement of his intent to nominate four former Clinton administration legal officials, including Harvard Law School Dean Elena Kagan, to key department posts."

Full post as published by New York Supreme Court Criminal Term Library on January 06, 2009 (boomark / email).