Wrapping it up, 11 May 2007
Legal Week and The Times last week reported on the latest development in the running story of plaintiff’s firm Cohen Milstein Hausfeld & Toll PLLC’s establishment of a London office, naming the two competition lawyers who will ’spearhead [the firm’s] European push’.
Legal Week this week reports of the reaction by the defense bar: Skadden Arps Slate Meagher & Flom (UK) LLP is the first to launch a class action defence practice in the UK. In the latter two articles a number of legal practitioners is quoted on these moves.
Also worth a read are an article in the Financial Times (Risk Management section, subscription required) on derivative actions and the extraterritorial reach of US law in relation to D&O insurance in Europe and an opinion piece in the Wall Street Journal (subscription required) which discusses ABN Amro’s current quagmire in the context of the ‘Dutch discount’ and the ‘polder model’.
What’s more: prompted by Best in Class, with thanks, to update this post, the Blog of Legal Times has a follow up to the Skadden story. Asked for comment, Andrew L. Sandler, the Skadden partner mentioned in the original Legal Week article and quoted by BLT, confirms with WV&Z that “there is no new practice group and I am not going to London.”