Dick Grasso claims that his legal tab in the bitter litigation that he is engaged in with the State of New York over his compensation during his tenure as head of the New York Stock Exchange may have topped $100 million already, reports Bloomberg News. No joke. Now, I love Williams & Connolly, which represents…
Continue Reading »
Professor Larry Ribstein has a very insightful post on the Apple options issue on his blog Ideoblog. Professor Ribstein raises the very interesting question of whether the Apple story would be bigger news, and whether business journalists and corporate “watchdogs” wouldn’t be more exercised over the story if we were talking about Jeff Skilling and…
Continue Reading »
Yesterday’s New York Times included an interesting story on the brewing litigation between pubslishing diva Judith Regan and her former employer, Rupert Murdoch’s NewsCorp. The article includes the interesting news that Regan’s lawyer, Bert Fields, is considering filing a libel claim against NewsCorp. As the author of the Times article correctly points out, libel cases…
Continue Reading »
After reading today’s New York Times article on Apple’s latest pronouncement related to its internal proble of its options dating issues, one would conclude either that the company is trying to put the best face on a very bad situation or is simply sticking its head in the sand. Simply stating that the CEO knew…
Continue Reading »
In a ruling that is bad news for Major League Baseball in general, and Barry Bonds in particular, the federal 9th circuit court of appeals has ruled that a district court judge erred when he ruled that prosecutors could not be allowed access to the results of baeball’s steroids tests in connection with the BALCO…
Continue Reading »
The Financial Times today published a report that in 2001 Apple CEO Steve Jobs received $7.5 million in stock options without the required board of directors authorization, and that corporate records were later falsified to show that the full board had in fact approved the options grant, as Apple’s internal procedures require. A published this…
Continue Reading »
Joan Heminway, a law professor at the University of Tennessee, has written a book entitled “Martha Sewart’s Legal Troubles,” that is due to be published in a week or so. You can order a copy here.
Continue Reading »
The federal district judge overseeing the Justice Department’s prosecution of the KPMG criminal tax case against 18 defendants (16 of them former KPMG employees) yesterday refused the Government’s request to split the defendants into two groups and hold two separate trials. After the beating that the Government, through its proxy KPMG, took from Judge Kaplan…
Continue Reading »
Evidently Donald Trump is preparing to file a lawsuit against Rosie O’Donnellfor unspecified reasons. I don’t usually watch “Access Hollywood,” but watch the video that is linked on this page from their site. Donald’s take down is hilarious.
Continue Reading »
Many, if not most, lawyers play cutesie when responding to discovery requests, and will readily resort to tortured readings and ridiculous wordplay semantics to avoid turning over harmful (or even not so harmful) material. This is, in my view, shameful and one of the more disgraceful elements of litigation practice. This story, however, about the…
Continue Reading »