Prosecutors Come To Belated Realization That It s Very Hard To Manipulate A Made-Metric When You Tell Analysts, Auditors Exactly How You re Manipulating It dealbreaker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dealbreaker.com Daily Mail and Mail on Sunday newspapers.
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YPF Says Its Confidential Info At Risk In Ch. 11 DQ Fight
Law360 (April 1, 2021, 8:47 PM EDT) Argentine energy company YPF SA told a Delaware bankruptcy judge on Thursday that there is a real risk that its confidential information could be shared with adversary Maxus Litigation Trust because its former counsel jumped to White & Case LLP, the law firm that represents Maxus in a $14 billion environment liability suit.
During the virtual hearing, YPF attorney Victor Hou of Cleary Gottlieb Steen & Hamilton LLP said White & Case should be disqualified from representing the Maxus trust in the litigation because attorney Jessica Lauria, formerly Jessica Boelter, had moved from Sidley Austin which was representing YPF in.
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White & Case is urging a judge to reject an effort by Argentina’s state-owned oil company to disqualify the global law firm from a longstanding dispute over massive environmental liabilities based on a romantic relationship between two top bankruptcy attorneys.
Lawyers for both sides argued questions of attorney loyalty and ethical obligations to clients during a virtual hearing before U.S. Bankruptcy Judge Christopher Sontchi in Wilmington, Delaware, on Thursday. YPF SA, represented by Cleary Gottlieb Steen & Hamilton, says it is trying to protect its confidential information after Jessica Lauria (formerly Boelter), its former lead lawyer in the environmental case, left her former firm to join White & Case – which represents YPF’s opponent in the litigation – and married the head of the firm’s bankruptcy and restructuring practice.
Oil co seeks to DQ White & Case from enviro battle citing rival bankruptcy lawyers romance, defection reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
BigLaw s lockstep compensation is declining in order to keep and attract talent
Illustration by Sara Wadford/ABA Journal
In 1919, the Boston Red Sox sold Babe Ruth to the New York Yankees for an unheard of $100,000, a sum worth nearly $1.5 million today. Sports fans credit the deal for an ensuing New York dynasty of pennants and championships and for Boston’s World Series drought, known by some as the “curse of the Bambino.”
Lateral transfers are nothing new. Like the big leagues, BigLaw seeks to gain powerhouse rainmakers via outsize salary offers. The deals have the added value of draining rivals’ rosters to kneecap the competition.