Boies Schiller Lays Off 3 Associates Who Worked in Losing EMI Trial
Boies Schiller has laid off three female associates who worked overtime during a trial in which Citigroup was accused of duping a hedge fund in its $6.3 billion acquisition of EMI Group.
Last week the law firm laid off the three associates, all women, after the firm’s “stinging loss” on Nov. 5 in the EMI case, according to the New York Times DealBook blog.
Boies Schiller had represented financier Guy Hands, founder of the hedge fund Terra Firma Capital Partners, DealBook says.
A law firm spokeswoman did not comment on the layoffs when contacted by DealBook and the ABA Journal.
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Updated to note that the firm declined comment when contacted by the ABA Journal.