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Delaware Pulse
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Acclaimed Legal Scholar Earns ABA Ethics Award
The American Bar Association on Wednesday announced that this year's recipient of its Michael Franck Professional Responsibility Award will be Susan Fortney, a Texas A&M University School of Law professor and ethics expert whose research has earned her international recognition.
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Tesla To Vote On Reviving Musk's $55B Pay, Moving To Texas
Attorneys for Tesla Inc. notified Delaware's chancellor Wednesday that the company will seek stockholder approval June 13 for the same $55.8 billion Elon Musk compensation plan voided by Chancery Court on Jan. 30, along with reincorporation of Tesla as a Texas company.
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Flaster Greenberg Taps 3 Pa. Attys To Launch Art Law Group
Flaster Greenberg PC is launching an art industry group that will bring together its litigation, transportation and insurance law talent, saying Monday that the new team will protect collectors from loss or damage to artwork on display, in transportation or in storage.
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Litigation Finance Becoming Commonplace In BigLaw
When Michael Lackey first pitched others at Mayer Brown about using litigation funding for a matter, he got a less-than-positive response, he recalled.
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Young Conaway Unveils Salary Bump For Associates
Delaware law firm Young Conaway Stargatt & Taylor LLP announced Tuesday that it had increased its starting salaries for associates to $210,000, effective immediately, citing a commitment to recruit and retain top talent.
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Carey Remembered As Practical Judge With Great Demeanor
Former Delaware bankruptcy Judge Kevin J. Carey, who died Thursday at the age of 69, is remembered by colleagues as a respectful, practical judge who lawyers looked forward to appearing in front of in court.
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Arbitrator Ken Feinberg Doesn't Shy From Litigation Funders
Well-known arbitrator Kenneth Feinberg, speaking at a conference on Monday, said that he doesn't automatically wrinkle his nose when he hears that a litigation funder is part of a complex legal matter that he is attempting to find a resolution to.
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Insiders See Litigation Funding's Appeal Overcoming Its Risks
With higher interest rates and fights over disclosure rules on the horizon, the litigation finance industry is in a tenuous place, but it's not slowing down, a series of experts said at the International Legal Finance Association 2024 Conference on Monday.
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Microsoft, Walmart CLOs Recognized For Integrity, Creativity
The legal chiefs at Microsoft and Walmart are among about a dozen leading corporate lawyers who soon will be recognized at the Burton Awards as "Legends in Law" for their track records of addressing complex matters and creativity in solving challenges.
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Judge Refuses To Throw Out Hunter Biden's Gun Indictment
A Delaware federal judge has rejected Hunter Biden's various attempts to duck felony firearm charges ahead of a trial, in particular slamming his contention that he is being selectively prosecuted because he's the president's son as "nonsensical" and "all speculation."
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Meet The Team In 99 Cents Only's Speedy Ch. 11 Wind-Down
Newly bankrupt discount retailer 99 Cents Only has an ambitious plan to liquidate all of its inventory and close down 371 stores in less than two months. Guiding 99 Cents Only in its Chapter 11 wind-down plans are a team of attorneys, liquidators and bankers who have helped other major retail companies navigate bankruptcy in recent years.
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Law360's Legal Lions Of The Week
Reichman Jorgensen Lehman & Feldberg LLP and Bryan Cave Leighton Paisner LLP lead this week's edition of Law360 Legal Lions, after an Illinois federal jury found that Amazon owes $525 million in damages for infringing three patents covering cloud data storage technology.
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Conservative Group Defends Fee In Pa. Voter Records Spat
A conservative legal group asked the Third Circuit on Friday to preserve its $180,200 attorney fee award in a records fight with the Pennsylvania Department of Transportation, arguing that the payout will encourage private enforcement of the National Voter Registration Act of 1993.
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Voir Dire: Law360 Pulse's Weekly Quiz
Law360 Pulse covered the biggest legal news this week, including new reports on law firm attrition, gender parity in law firms' real estate practice groups, and first quarter law firm combinations. Test your legal news savvy here with Law360 Pulse's weekly quiz.
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Kevin Carey, Bankruptcy Bench 'Legend,' Dies At 69
Former U.S. Bankruptcy Judge Kevin Carey, who served on the Delaware bench for 14 years and was hailed as a "legend in the bankruptcy world," died Thursday at the age of 69.
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Longtime Hogan Lovells Transport Head Joins Morgan Lewis
Morgan Lewis & Bockius LLP has hired the former head of Hogan Lovells' transportation practice as a Washington, D.C.-based partner and co-leader of its global automotive and mobility practice.
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Law Firms Slowed Pace Of Hiring In First Quarter Of 2024
Despite a modest recovery in the latter half of last year, law firm lateral recruitment tapered off once again in the first quarter of 2024, with the hiring of associate candidates dropping the most during that period, according to Firm Prospects LLC.
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Morris James' New M&A Partner On Leading Group's Launch
Vincent J. Cannizzaro III recently left Skadden Arps Slate Meagher & Flom LLP to help launch Delaware firm Morris James LLP's new mergers and acquisitions practice. Here, Cannizzaro tells Law360 Pulse how he’ll lead the group, the keys to being a successful M&A lawyer and some trends he’s keeping an eye on.
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DuPont's General Counsel Earned $2.5M In 2023
DuPont de Nemours Inc.'s senior vice president and general counsel Erik T. Hoover received roughly $2.5 million in total compensation for 2023, down about $300,000 from the prior year, a public filing says.
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3rd Circ. Won't Revive White And Williams Malpractice Suit
The Third Circuit on Wednesday declined to revive a $30 million legal malpractice suit brought by a home improvement product manufacturer against White and Williams LLP, finding the claim should have been brought in an earlier action between the parties.
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Class Attys Seek Big Payday For $100M Pattern Energy Deal
Class attorneys are urging the Delaware Chancery Court to approve a $100 million settlement to end state and federal court litigation over Pattern Energy Group Inc.'s $6.1 billion go-private sale in 2020 and award them $26 million in fees for a deal they say is the largest of its kind in the Chancery's history.
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Associate Hiring And Attrition Fell In '23 For 2nd Straight Year
Law firms' hiring of new associates and the rate at which associates moved on both declined in 2023 for the second consecutive year, while more female associates were hired than male, according to a study released Wednesday.
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30 Law Firms Lead On Client Service Amid Wider Decline
When interviewed about client service, corporate legal decision-makers praised a select few law firms, even as the overall satisfaction of corporate clients has fallen in recent years, according to a report released Wednesday by BTI Consulting Group.
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BigLaw Real Estate Varies Widely On Gender Diversity
In March, Women's History Month, Law360 looked at gender diversity among the real estate groups at 20 large law firms and found that those firms vary widely on that point.
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Quinn Emanuel, Davidoff Hutcher Sued Over Mansion Sale
The trustee for a bankrupt entity once owned by HFZ Capital Group has sued Quinn Emanuel Urquhart & Sullivan LLP and Davidoff Hutcher & Citron, seeking to claw back up to $2 million the firms allegedly fraudulently received from a $45 million Hamptons mansion sale linked to developer Nir Meir.