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Proposals by the Financial Accounting Standards Board that would force public companies to disclose more about litigation risks have caused a howl of protest among GCs and some lawyers, who say such changes could mandate a disclosure of litigation strategies and a waiver of attorney-client privilege.
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The National Law Journal
Plaintiffs attorneys filing suits involving recalled drugs heparin and Digitek have a new legal strategy that they say represents a clean break from less successful past actions against Vioxx and Paxil. And they have a new target: pharmaceutical manufacturers with ties to China.
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Corporate Counsel's 2008 GC Compensation Survey shows that top legal officers at Fortune 500 companies raked it in, largely due to cash bonuses that swell year after year. The average bonus jumped to $1.1 million -- double the average salary. But will the good times last?
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Summer programs have a dark side -- a pattern of behavior that places law firms at risk, such as dating among co-workers and excessive drinking. Attorney Lauren Stiller Rikleen suggests developing clear rules for personal conduct and instituting a zero-tolerance policy.
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Companies in the United States often undertake extensive promotional activities to market and sell their products throughout the world. But there is the potential that these efforts will run afoul of the Foreign Corrupt Practices Act, say attorneys Richard M. Strassberg and Kyle A. Wombolt.
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