Law Department Management articles

Photographer: Krisztian Bocsi/Bloomberg

Litigation Said to Create Surprise Windfall For Deutsche Bank

Litigation Said to Create Surprise Windfall For Deutsche Bank

By Eyk Henning and Steven Arons, Bloomberg News Deutsche Bank AG’s legal issues haven’t all been one-way traffic. The German lender, which has posted two consecutive annual losses amid rising misconduct fines, booked a surprise windfall of more than 100 million euros ($117 million) in the first half related to an out-of-court settlement with a former

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Round Up: General Counsel Moves

Big moves happened this week in the world of general counsel. FedEx chose a new GC. So did Caterpillar, the construction equipment manufacturer. Disney’s highly-compensated ($11.1 million a year) GC will stay on for two more years and two medical companies appointed top legal officers. Here are some of this this week’s highlights:   • On

Heather Bresch, chief executive officer of Mylan NV, speaks during a House Oversight and Government Reform Committee hearing in Washington, D.C., U.S., on Wednesday, Sept. 21, 2016. Photographer: Andrew Harrer/Bloomberg

Mylan Wraps Up $465 Million U.S. Accord Over EpiPen Rebates 

By David McLaughlin and Jared S. Hopkins, Bloomberg News Mylan NV and the U.S. Justice Department finalized a $465 million settlement to resolve claims that the drugmaker defrauded taxpayers by misclassifying its allergy-shot EpiPen product as a generic drug. The settlement, announced by the Justice Department Thursday, resolves claims that Mylan was able to improperly

Photo by Matthew Busch (Bloomberg)

GM Is Accused of Derailing $1 Billion Accord With Plaintiffs 

By Erik Larson, Bloomberg News  General Motors Co. was accused of secretly plotting to derail a $15 million settlement between the company’s bankruptcy trust and thousands of plaintiffs that would have forced it to contribute $1 billion in stock. In a letter filed Thursday in U.S. Bankruptcy Court in Manhattan, lawyers for the plaintiffs said

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Pedestrians walk past the Uber Technologies Inc. headquarters building in San Francisco, California. Photographer: David Paul Morris/Bloomberg

Waymo Jury May Be Warned Uber Lawyers Didn’t ‘Come Clean’ 

By Joel Rosenblatt, Bloomberg News Uber Technologies Inc. may pay a price for withholding key evidence from Waymo when their trade secrets dispute goes to trial — the judge proposed letting the jury know the ride-hailing company’s lawyers didn’t “come clean.” “I’m inclined to let the jury know what happened here,” U.S. District Judge William

FedEx Corp. signage is displayed on a store window in Caracas, Venezuela, on Wednesday, June 21, 2017. Photographer: Carlos Becerra/Bloomberg

FedEx Promotes Longtime In-House Lawyer to Top Post

Mark R. Allen knows FedEx well. He started working there two years after earning his law degree from Memphis State University in 1980. Today, FedEx announced he will be taking the highest legal position in the company as executive vice president, general counsel and secretary on Oct. 1, 2017. The global shipping giant posted $60 billion in

Robert Moritz, chairman of PricewaterhouseCoopers (PwC) International Ltd., speaks on the third day of Mobile World Congress (MWC) in Barcelona, Spain, on Wednesday, March 1, 2017. A theme this year at the industry's annual get-together, which runs through March 2, is the Internet of Things. Photographer: Chris Ratcliffe/Bloomberg

PwC Fined $6.6 Million in Largest-Ever Penalty From Watchdog 

By Suzi Ring, Bloomberg News PricewaterhouseCoopers LLP was fined 5.1 million pounds ($6.6 million) for misconduct over its audit of RSM Tenon Group Plc in the largest-ever sanction issued by the U.K. accounting regulator. The Financial Reporting Council announced the fine Wednesday, along with penalties against Nicholas Boden, a senior PwC audit partner. The misconduct

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SEC Sues Ex-Bank Employee Over Tipping Friends About Deals

By Erik Larson, Bloomberg News A former employee of a large multinational bank passed nonpublic information on dozens of planned mergers and acquisitions to his girlfriend’s father and several friends who made millions of dollars trading on the tips, the U.S. Securities and Exchange Commission said in a lawsuit. Daniel Rivas, a technology project consultant

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Giant Insurer Names New Top Lawyer

The giant specialty insurer Assurant Inc. has announced the results of an internal reorganization of its legal department that puts Carey Roberts as its new chief legal officer, executive vice president and secretary. Roberts, 46, will join the company at the end of October from Marsh & McLennan where she served as deputy general counsel,

A general view of the Charlotte, North Carolina skyline.  (Photo by Craig Jones/Getty Images)

Wake Up Call: Private Equity’s Law School Failed

• The for-profit Charlotte School of Law is reportedly shutting down. The private equity-owned school failed to meet various government deadlines set months after the Obama administration shut off its ability to receive proceeds from federal student loans. (Bloomberg News via BLB) •Filmmaker and civil litigator Sharon Rowen conducted 40 interviews with female lawyers across

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