In the latest in a string of recent developments involving law firms hoping to transfer so-called unfinished business claims out of bankruptcy court, Orrick, Herrington & Sutcliffe has triumphed in its bid to move a claim brought against it in the Coudert Brothers bankruptcy to federal district court.
A federal judge has dismissed a putative class action brought by shareholders of the Washington Post Co., which owns the for-profit educational behemoth Kaplan. The decision is the latest in a string of adverse rulings for plaintiffs firms that filed securities suits against for-profit education companies in 2010.
In the latest settlement in a massive antitrust case against major airlines that has yielded almost $500 million in settlement awards to date, freight forwarders and companies that ship goods by air won $15.8 million from El Al Israel Airlines.
Hewlett-Packard announced Monday that general counsel Michael Holston will leave after almost five years at HP, the latest in a string of high-profile departures. David Healy, co-chair of mergers and acquisitions at Fenwick & West, will serve as interim counsel while HP searches for a permanent replacement.
Davis Polk & Wardwell is the latest firm to match the 2011 associate bonus structure established last month by Cravath, Swaine & Moore. Like Cravath, Davis Polk’s bonus scale starts at $7,500 for those in the class of 2010 and increases incrementally to $37,500 for the class of 2004.