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GCs Bristle at Proposed Disclosure Rules

The Recorder

Proposals by the Financial Accounting Standards Board that would force public companies to disclose more about litigation risks have caused a howl of protest among GCs and some lawyers, who say such changes could mandate a disclosure of litigation strategies and a waiver of attorney-client privilege.

New Suits Over Recalled Drugs May Target China

The National Law Journal

Plaintiffs attorneys filing suits involving recalled drugs heparin and Digitek have a new legal strategy that they say represents a clean break from less successful past actions against Vioxx and Paxil. And they have a new target: pharmaceutical manufacturers with ties to China.

Federal Judge Calls Halt to Ugly Fee Dispute

The Legal Intelligencer

In a nasty dispute that erupted between two lawyers over how to divvy up more than $60 million in attorney fees stemming from a massive class action, a federal judge has ordered both lawyers to stop their fighting because the dispute was settled nearly four years ago.

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A New Kind of Corporate Workout

For most lawyers, "corporate workout" describes hammering out a complex financial transaction, with stressed lawyers pedaling different versions of an agreement during negotiations. But at Lowenstein Sandler, the phrase has more to do with treadmills and exercise bikes -- and we've got the video to prove it.

--Legal Blog Watch

New SEC Commissioner Has Atlanta Roots

McKenna Long & Aldridge partner Luis Aguilar will break with tradition when he's formally appointed a commissioner of the Securities and Exchange Commission. Aguilar’s official swearing-in will be in Atlanta -- not D.C.

-Deal Watch

Whoo Hoo! Wait, No, I'm Injured

A meter maid who said she was seriously injured when her cart crashed was awarded about $1.5 million last week by a San Francisco jury. But Mercy Zamora could have won a lot more if she hadn't competed -- and been photographed -- in a 10K race after the accident.

-Legal Pad

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GC Compensation Survey: Party Like It's 2001

Corporate Counsel

Corporate Counsel's 2008 GC Compensation Survey shows that top legal officers at Fortune 500 companies raked it in, largely due to cash bonuses that swell year after year. The average bonus jumped to $1.1 million -- double the average salary. But will the good times last?

Commentary: Set Rules of Conduct in Summer Programs

The National Law Journal

Summer programs have a dark side -- a pattern of behavior that places law firms at risk, such as dating among co-workers and excessive drinking. Attorney Lauren Stiller Rikleen suggests developing clear rules for personal conduct and instituting a zero-tolerance policy.

Keyword Searches: A Grim Prognosis

Law Technology News

Mushrooming volumes of ESI require lawyers to use automated search tools to find privileged documents, but courts are less willing to indulge the fiction that these tools perform in unskilled hands. The jig is up, and lawyers are now obliged to prove these proxies really work.

Beware Foreign Corrupt Practices Act Traps

New York Law Journal

Companies in the United States often undertake extensive promotional activities to market and sell their products throughout the world. But there is the potential that these efforts will run afoul of the Foreign Corrupt Practices Act, say attorneys Richard M. Strassberg and Kyle A. Wombolt.