This just in from the American Lawyer on the man who allegedly caused the downfall of a once great international law firm.
The settlement appears to be a virtual hologram of the misdeeds with which he is charged. Being the spouse of a Heller partner with many Heller friends who were subjected to the threats of the creditors' committee, I feel this man's partners' pain.
As of next year, former Dewey & LeBoeuf chairman Steven Davis—faulted by many both inside and outside the firm as the chief...
In a dispute with reinsurers over coverage for the settlement of asbestos-related disputes valued at close to one billion dollars, in which the reinsurance contracts contained a follow the fortunes provision, the reinsurers challenged whether the doctrine applied to the cedent’s decisions in the allocation of the settlement amount, and, if applicable, it could be applied in a summary judgment context to the cedent’s allocation of the settlement. Modifying the decision of the lower court, the Court...
