Thursday, June 20, 2013

Unfriended - Conflicts Allegations & Disqualifications in the News

"Facebook says lawyers in derivative case have conflict" --
  • "After Robbins Geller Rudman & Dowd lost a bid to lead an investor class action against Facebook over its $16 billion IPO, it hit back with a derivative lawsuit against Facebook's directors."
  • "Now Facebook is trying to have the derivative lawsuit thrown out, saying in part that Robbins Geller's foray into the class action counts as a conflict in the derivative lawsuit."
 "CalPERS wins round in city's bankruptcy case" --
  • "A bankruptcy judge in Riverside granted CalPERS' request to ban the Winston & Strawn law firm from representing bond insurer National Public Finance Guarantee Corp. because of a conflict of interest. The firm had hired a lawyer who used to work for CalPERS on the San Bernardino and Stockton bankruptcies."
  • See previous coverage and background.
"Hennepin Co. commissioner voted for contracts tied to wife's law firm" --
  • "Hennepin County Commissioner Peter McLaughlin has repeatedly voted for multimillion-dollar trash-disposal agreements tied to the law firm where his wife works — and never disclosed the connection."
  • "The contracts are with Great River Energy, which owns the Elk River processing plant where Hennepin County sends garbage to be converted into electricity. The company retained McLaughlin’s wife, Nancy Hylden, and her law-firm colleague Richard Forschler, as lobbyists in the fall of 2009 as Great River made a desperate pitch to keep the county’s business."
  • "Hylden said that while she initially provided some 'strategic counsel' on energy issues, she’s never lobbied her husband — and hasn’t worked for Great River in years, although she continues to register herself as a lobbyist with the company in the interest of disclosure. Forschler, who works with her at Faegre Baker Daniels, took the lead in setting up meetings between Great River and county commissioners, including McLaughlin."

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