Attorney Irving Picard reached a setback in its 6.8 billion dollar case against JPMorgan. A federal judge ruled that the case could be moved out of bankruptcy court and into a federal district court. Picard has been litigating against banks and investors that he claims enabled Bernie Madoff’s Ponzi scheme. Attorney John Savarese representing JPMorgan says that the case amounts to a “back-door class action suit.”
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Federal Judge Deals Blow to Picard in $6.8 Billion JPMorgan Suit
Posted by EmploymentCrossing
on May 26, 2011. Filed under Home,Legal News.
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Departures from a law firm are complicated for any attorney, but for a partner the details can be quite intricate. Please note: First and foremost, the interests of your clients should be absolutely paramount. Consultation with existing ABA and state bar guidelines on firm transition is suggested. Below you will find a list of important considerations for partners when changing firms. You will also find suggested practices for maintaining relationships, as well as obligations from a legal and moral perspective. Before You Begin to Meet with New Firms It’s important to review any existing employment agreement with your former firm to make sure you are in compliance with all provisions (pay particular attention to provisions regarding notice). Practice discretion with your existing firm until you [...]
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