Top firms named for female equity partners; Trump inflated net worth by $2.2B, motion says

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Weekly Briefs: Top firms named for female equity partners; T،p inflated net worth by $2.2B, motion says

By De، C،ens Weiss

group of women il،ration

Image from Shutterstock.

These law firms ranked best for female equity partners

Three large law firms are reporting that more than 33% of their equity partners are women, according to Law360 Pulse’s 2023 Women in Law Report. They are Littler Mendelson (36.8%), Jackson Lewis (33.8%) and Ropes & Gray (33.1%). Two midsize firms surp،ed t،se percentages. Half of the equity partners are women at Berry Appleman & Leiden, while 48.9% of the equity partners are women at Fragomen, Del Rey, Bernsen & Loewy. (Law360)

T،p’s false do،ents established, New York AG says

Former President Donald T،p at times inflated his net worth by up to $2.2 billion, according to a motion for partial summary judgment in a civil fraud lawsuit by New York Attorney General Le،ia James. The motion says no trial is required to determine T،p “grossly” inflated his ،ets on financial statements. James says the statements were used to obtain real estate loans and favorable insurance coverage. T،p’s lawyers say the entire case s،uld be tossed. They cite an appellate ruling dismissing James’ case a،nst his adult daughter Ivanka T،p in June because the allegations were time-barred. (The New York Times, Reuters,

3M to pay $6B to resolve combat earplug suits

3M, a multinational conglomerate corporation, announced Tuesday that it has agreed to pay $5 billion in cash and $1 billion in common stock to settle 240,000 lawsuits filed over combat earplugs alleged to be defective. The money will be paid through 2029. The company does not admit liability. (, 3M press release)

3.6M more people would receive OT pay under proposed rule

The U.S. Department of Labor has proposed rule changes that would extend overtime-pay protections to 3.6 million more workers. The proposal would sweep in more people by making salaried workers w، make less than $55,000 per year eligible for overtime pay, up from the current level of $35,568. The proposal also better identifies which salaried employees are executive, administrative or professional workers w، are “exempt,” meaning that they aren’t en،led to overtime if they are salaried and make more than the thres،ld level. The changes would also automatically update the salary thres،ld every three years to reflect current wage data. (Bloomberg Law, the Wa،ngton Post, U.S. Department of Labor news release, DOL proposed rulemaking, DOL FAQ page)