Business

In Memoriam: Remembering Richard “Dick” K. DeScherer – A Respected Business Lawyer, Colleague, and Philanthropist

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New York, NY – The legal community mourns the loss of Richard “Dick” K. DeScherer, a former partner and Co-Chairman at Willkie Farr & Gallagher LLP. DeScherer, who passed away at the age of 80, was highly regarded for his expertise in business law and his strong relationships with clients. He had been a member of the esteemed law firm for over 24 years before joining the Bloomberg organization in 2012. Known for his unparalleled knowledge and experience, DeScherer held leadership and board positions at various prominent organizations. He was actively engaged in civic and … Read more

Harvard Business School Professor’s Lawsuit Reveals Troubling Defense in Fraud Case

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CAMBRIDGE, Mass. – Harvard Business School professor Francesca Gino, known for her research on dishonesty, recently faced allegations of data manipulation in her co-authored papers. Gino, who maintains her innocence, filed a lawsuit against Harvard and the bloggers who published the allegations, claiming defamation. The lawsuit shed light on the Harvard internal investigation, which was previously undisclosed. The investigation report, consisting of nearly 1,300 pages, confirmed that the data in Gino’s papers had been manipulated. Gino proposed a theory that an academic rival had framed her, but the report found it highly unlikely. Despite the … Read more

California’s Climate Disclosure Laws Face Threats of Weakened Implementation Amid Business Group Opposition

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SACRAMENTO, Calif. — California’s groundbreaking laws requiring large companies to disclose their greenhouse gas emissions and climate-related risks face potential obstacles that could allow polluters to conceal their climate impacts. The U.S. Chamber of Commerce and other business groups have sued to block the laws, claiming they infringe on First Amendment rights by compelling companies to release information on climate change. Surprisingly, Governor Gavin Newsom, who signed the bills into law, is now showing resistance and seeking to water down the requirements. California became the first state to pass laws mandating standardized, public reporting of … Read more

Landmark Manhattan Jury Verdict: $72.5 Million Awarded in Groundbreaking Business Lawsuit

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NEW YORK – A Manhattan jury has awarded a potentially record-breaking $72.5 million verdict in a medical malpractice case involving the death of a young woman. The verdict was reached after a trial that lasted several weeks and included testimonies from medical experts, witnesses, and family members. The case centered around allegations of negligence and improper treatment at a renowned hospital. The tragic incident occurred when the victim, a 38-year-old woman, sought medical attention for severe abdominal pain. She was admitted to the hospital where she underwent surgery to address a misdiagnosed condition. However, complications … Read more