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Levi Korsinsky Announce Class Action
Law Firm News |
2009/06/17 09:51
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Levi Korsinsky announces that a class action lawsuit has been filed in the Superior Court of the State of California challenging the proposed acquisition of Data Domain, Inc. (Data Domain or the Company) (Nasdaq:DDUP).
The Complaint arises out of the announcement by Data Domain stating that it had entered into a definitive merger agreement with NetApp, Inc. Under the terms of the proposal, Data Domain's shareholders would receive $30.00 to be paid in a combination of cash and NetApp stock. In addition, NetApp offered positions on its board to certain Data Domain officers and there are rumors that the Data Domain CEO Slootman could be the next CEO of NetApp. This raises questions as to whether the sales process conducted by the Board was fair and open. If you own common stock in Data Domain and wish to obtain additional information, please contact us at the number listed below or visit www.zlk.com/ddup1.html
Levi Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. |
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Sotomayor nominated to high court
Legal News |
2009/05/26 09:23
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President Barack Obama chose federal appeals judge Sonia Sotomayor to become the nation's first Hispanic Supreme Court justice on Tuesday, praising her as an inspiring woman with both the intellect and compassion to interpret the Constitution wisely.
p
Obama said Sotomayor has more experience as a judge than any current member of the high court had when nominated, adding she has earned the respect of colleagues on the bench, the admiration of many lawyers who argue cases in her court and the adoration of her clerks, who look to her as a mentor./ppStanding next to Obama at the White House, Sotomayor recalled a childhood spent in a housing project in the Bronx as well as her upper-echelon legal career: I strive never to forget the real world consequences of my decisions on individuals, businesses and government./ppBarring the unexpected, Senate confirmation seems likely, given the large Democratic majority. If approved, she would join Justice Ruth Bader Ginsburg as the second woman on the current court, the third in history. She would succeed retiring Justice David Souter./ppSenate Majority Leader Harry Reid, D-Nev., issued a statement saying he looked forward to working with both Democrats and Republicans on the Judiciary Committee to confirm Judge Sotomayor as the first Hispanic and the third woman to sit on the court./p |
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Recession cuts law firm growth
Legal News |
2009/05/26 04:23
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| pThe growth in Israeli law firms' activity came to a halt in 2008, due to the recession and reduction in companies' business, which reduced demand for legal services, reports BDICoface in the BDICode 2009. /ppBDI says that the number of attorneys employed in Israel's 20 largest law firms was unchanged in 2008, compared with 2007, at 1,203. The number of law firms employing more than 100 attorneys was also unchanged, at five. /ppHowever, the number of partners at law firms rose by 8% in 2008, which BDI attributes to the firms' wish to keep employees by promoting them. /ppBDI says that 3,167 new attorneys entered the profession in 2008, 14% more than in 2007. BDI points to the steady growth in recent years in law graduates from colleges compared with universities: in 2008, 72% of all law graduates came from colleges. On the other hand, 95% of university law school graduates passed the bar, compared with 85% of college university graduates. /ppIn the 2008 BDI rankings, Herzog Fox amp; Neeman Law Office kept its first place ranking, and Goldfarb, Levy, Eran, Meiri amp; Co. kept its second place ranking. Meitar Liquornik Geva amp; Leshem Brandwein rose to third place from fifth place in 2007, and Gross, Kleinhendler, Hodak, Nalevy, Greenberg amp; Co. fell to fifth place from third in 2007. Yigal Arnon amp; Co. stayed in fourth place. /p |
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Manhattan Law Firm Relocates HQ After 50 Years
Law Firm Press |
2009/05/21 09:01
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pHerzfeld amp; Rubin P.C. is relocating its headquarters to 125 Broad St. in New York's Financial District, after a 50-year stint at 40 Wall St.
/ppMack-Cali, which owns roughly 40 percent of the 40-story office tower, signed the global law firm to a 20-year, 56,322-square-foot lease. The new deal brings the REIT's 525,000-square-foot portion of the 1.3 million-square-foot high-rise to full occupancy. Mark Shapses, Joseph Messina and Jason Schwartzenberg with Studley represented Herzfeld amp; Rubin. /ppThe law firm joins prominent tenants such as Sullivan amp; Cromwell LLP and the American Civil Liberties Union (ACLU), both of which own their space. Herzfeld amp; Rubin's 64,736-square-foot lease at 40 Wall St., which encompasses floors 50 through 56, is up at the end of this year. The new space offers comparable size, but on less than two floors. /ppThe new deal brings a nearly four-year search to an end. We were hired in 2005 to find a more cost-effective, efficient occupancy solution for the firm, and periodically went out into the market looking for space, said Shapses. The market went through extraordinary price and availability changes in that period. The right situation with the right economics hadn’t surfaced until now. /ppSchwartzenberg noted that the space hadn't even hit the market yet. We knew it would soon be vacated so we moved quickly to secure it. /ppMack-Cali will cover 100 percent of the modifications Herzfeld amp; Rubin requires. The concession package also includes free rent and furnishings. /p |
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