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Leonid Nevzlin, whose share of the Yukos award is roughly $33 billion, seated beside his collection of Japanese ivory dolls in June 2005 in Herzlya, Israel.

The Global Lawyer: On Money, Justice and Yukos

By Michael D. Goldhaber |

Legally, the Yukos oligarchs deserve their $50 billion. Morally, it's murky.

Timeline: The Fight for Yukos, 1995-2014



A chronology of events leading up to Yukos' record win.

Shearman's Winning Yukos Strategy

By Michael D. Goldhaber |

When they brought a $114 billion claim against Russia to trial, Yukos' lawyers decided to let the facts speak for themselves.

The Careerist: How to Get an Interview (Without Driving the Firm Crazy)

By Vivia Chen |

Tips for law students on how to approach firms for an interview.

Zillow's app for tablets and smartphones.

Four Am Law 100 Firms Help Zillow Snap Up Trulia

By Brian Baxter |

Shearman & Sterling, having already scored a big victory Monday in a major international arbitration case, has teamed up with Perkins Coie to advise online property website Zillow on its $3.5 billion buy of rival Trulia, which is receiving outside counsel from Goodwin Procter and Wilson Sonsini Goodrich & Rosati.

Dollar Tree Pays Big Bucks for Bargain Retail Rival

By MP McQueen |

Wachtell Lipton, Cleary Gottlieb, Sullivan & Cromwell and Williams Mullen advise on Dollar Tree Inc.'s $8.5 billion cash and stock purchase of Family Dollar Stores Inc. to create one of the largest discount retailers in North America.

SEC Files More Charges in Football Boiler Room Scheme

By Isobel Markham |

Four more executives are charged in misleading potential investors in Thought Development Inc.

From left, Shay Dvoretzky of Jones Day, Michael Levinson of Seyfarth Shaw, and Joel Miller of Miller & Wrubel.

Ground Shifts Under Howrey's Unfinished Business Claims

By Julie Triedman |

Armed with two recent wins, Shay Dvoretzky of Jones Day is going up against the Howrey estate on Tuesday as its trustee tries to claw back profits owed from unfinished matters that former partners took with them when they joined other firms.

Employees of the Russian oil company Yukos working at an oil well in the Tyumensk region of Russia in August 2003.

Yukos Scores $50 Billion Arbitration Victory Against Russia

The $50 billion ruling against Russia is certainly the largest in arbitration history. And it may stand as the largest litigation victory ever. Here's everything you need to know about the world's most high-stakes business dispute.

The Winners (and Who Gets What)

However you slice it, $50 billion is an astonishing sum. These are the players who stand to benefit most from the historic Yukos award—assuming Russia can be forced to pay up.

Yukos oil company chief executive officer Mikhail Khodorkovsky (R) stands behind a glass wall at a courtroom in Moscow, on December 29, 2010.

Yukos Majority Shareholders Hit a $50 Billion Gusher

By Michael D. Goldhaber |

A tribunal in The Hague held the Russian Federation liable for $50 billion, finding that it bankrupted the country's largest oil producer to plunder the company's assets.

Morgan Stanley Settles SEC Claims for $275 Million

By Isobel Markham |

The Securities and Exchange Commission alleged that the investment bank understated the number of bad loans in mortgage-backed securities that it sold.

The Theodore Roosevelt Federal Courthouse at 225 Cadman Plaza East in the civic center of Brooklyn.

Discala Pleads Not Guilty, Released on $2 Million Bail

By Isobel Markham |

OmniView Capital's Abraxas Discala faces federal charges of securities fraud for an alleged $300 million stock manipulation scheme.

SEC Approves FINRA Rule on Broker Records

By Jamille Sutton |

The Securities and Exchange Commission authorized the Financial Industry Regulatory Authority to implement a new rule that prohibits brokers from conditioning dispute settlements with investors so that complaints can be erased from their records, FINRA announced on Wednesday.

SEC Issues Wells Notice to McGraw Hill Financial

By Jamille Sutton |

The Securities and Exchange Commission may pursue enforcement action against McGraw Hill Financial, the parent company of the Standard & Poor’s Ratings Services, in connection with six commercial mortgage-backed securities issued in 2011, McGraw Hill Financial announced on Wednesday.

Obama Pushes for Retroactive Legislation on Tax Inversions

By Jamille Sutton |

The Obama administration is pushing for legislation that will not only to end inversions, which allow companies to save on taxes by reincorporating abroad, but also apply that legislation retroactively, The New York Times reports.

The Churn

The Churn: Arnold & Porter Adds to Ranks, Plus More Lateral Moves

By Brian Baxter |

Arnold & Porter takes on a couple of attorneys from Alston & Bird; the embattled Bingham McCutchen brings on a partner and more notable hires from throughout The Am Law 200.

Dewey & LeBoeuf: Connecting More Dots

By Steven J. Harper |

If you thought the story of Dewey & LeBoeuf ended when the firm declared bankruptcy, you're wrong. The best is yet to come.

Rupert Murdoch

21st Century Fox Sells German, Italian Units for $9 Billion

By Wenxiong Zhang |

A slew of Am Law and Magic Circle firms advised as 21st Century Fox agreed to offload its pay-television assets in Italy and Germany to British Sky Broadcasting Group in a deal that would provide cash to reignite media mogul Rupert Murdoch’s takeover bid for Time Warner.

Ex-Jefferies Trader Sentenced to Two Years in Prison

By Isobel Markham |

Jesse Litvak will also pay a $1.75 million fine for his conviction on charges that include securities fraud, making false statements, and TARP-related fraud.

SEC Narrowly Adopts Money Market Fund Reforms

By Isobel Markham |

Measure would require prime institutional funds to float their share value.

Cost Recovery Bedevils Law Librarians, Survey Finds

By Alan Cohen |

Firms may soon be forced to throw in the towel on recouping online research costs, our annual librarians survey suggests.

An aerial view of downtown Tel Aviv, Israel.

Under Israel's Iron Dome, Another Law Firm Merger

By Brian Baxter |

Not even Israel is immune to market consolidation for legal services. This week Shibolet & Co., one of the country's largest law firms, picked up a seven-lawyer technology boutique in Tel Aviv as rockets rained down from Gaza on the nation's high-tech hub.

Am Law Firms Lead on Breitburn Energy Deal

By MP McQueen |

Breitburn turned to Latham & Watkins on its acquisition of QR Energy, which would create one of the largest master limited partnerships focused on oil exploration and production. Vinson & Elkins counseled QR Energy, while Bracewell & Giuliani represented the company’s board of directors conflicts committee. Gibson, Dunn & Crutcher served as counsel to Breitburn’s financial adviser UBS.

The Careerist: The 10 Law Schools with the Most Applicants

By Vivia Chen |

Find out which law schools are the most sought-after in the land.

Investor Relations Exec Settles Insider Trading Charges

By Isobel Markham |

The SEC accused Cameron Associates's Kevin McGrath of illegally trading on information gained from preparing client press releases.

Ex Evercore Banker Says Inside Trades Did Not Stem From Greed

By Jamille Sutton |

Former Evercore Group investment banker Frank Perkins Hixon Jr., who pleaded guilty to insider trading charges, on Monday requested a prison sentence of less than four years for his crimes, Bloomberg News reports.