Private equity firms are again being threatened with higher taxes, as a long-running debate over how to classify their profits again becomes a focus for governments desperate for cash.

But while high-profile buyout firms may seem an easy target, the question is a controversial one. Critics argue that raising the taxes paid by the private equity industry will also hit small partnerships and venture capital, and may not even raise as much revenue as governments hope.

Part of the argument against higher taxes is that they could hinder jobs growth at a time when major economies are struggling with high unemployment rates.

Parker Waichman Alonso LLP, together with the Becnel Law Firm, LLC, announces that it filed suit on behalf of several consumers who purchased Toyota vehicles subject to various recalls issued in January 2010 for defects in the vehicles' gas pedals. The lawsuit, which was filed in the U.S. District Court for the Eastern District of Louisiana, seeks class action status.

intended to benefit all residents of the United States who purchased a Toyota vehicle of model years 2005, 2006, 2007, 2008, 2009, and/or 2010 that is subject to the recalls.

Parker Waichman Alonso LLP has been contacted by hundreds of Toyota owners, including the family of a man who died in a vehicle accident, with questions about their legal rights in relation to these recalls. If you or someone you know owns or has owned one of the Toyota vehicles involved in these recalls, please contact our office by visiting www.yourlawyer.com

Free case evaluations are also available by calling Parker Waichman Alonso LLP at 1-800-LAW-INFO (1-800-529-4636).

On September 29, 2009, the National Highway Traffic Safety Administration (NHTSA) announced that Toyota was recalling floor mats on approximately 4.2 million vehicles, which allegedly caused the accelerator pedals in the vehicles to become stuck in the depressed position, leading to uncontrollable and rapid acceleration of the vehicles. On January 21, 2010, Toyota recalled yet another 2.3 million vehicles produced in the years 2005 through 2010 due to accelerator pedals on those vehicles becoming stuck in a depressed position, causing unexpected and unsafe acceleration. As of January 2010, Toyota had recalled a total 5.3 million vehicles due to problems with accelerator pedals sticking.

The class action lawsuit filed by Parker Waichman Alonso LLP and the Becnel Law Firm, LLC alleges that, as a result of these recalls, Toyota owners lost the use of their vehicles, and sustained, among things, economic losses and severe emotional distress. The complaint charges Toyota with breach of implied warranty and negligence, and seeks compensatory, punitive and exemplary damages for the Class, as well as equitable and declaratory relief. It also asks the Court to enjoin Toyota from implementing any fixes in the accelerator pedals of the sub

U.S. News and Best Lawyers, the leading survey of lawyers worldwide, announced last year that the two publications have teamed up for an expansion of U.S. News's signature "America's Best" series to include new rankings of "America's Best Law Firms" and "America's Best Law Firms to Work For."

We want to give an update on the status of these new rankings. The ranking projects continue to make progress on the collection of client references and associate references from law firms. The vast majority of America's major law firms have provided the requested information. As with other rankings published by U.S. News, we believe that we will be able to secure from various sources quantitative data concerning those law firms that do not provide the requested statistical data directly to U.S. News and Best Lawyers.

Combined with the qualitative reviews of the firms by clients —more than 50,000 client references have already been accumulated—and qualitative peer-reviews by leading lawyers, this will enable the publication of valid rankings for all major law firms, both large and small, across the United States in the inaugural year. In time, it is expected that an increasing number of the ranked law firms will participate in the process.

Robert Joffe, an antitrust, corporate governance and litigation specialist who worked for more than four decades at Cravath, Swaine & Moore LLP, including eight as presiding partner, has died.

Joffe, 66, died on Thursday from cancer, according to Greg Johnson, chief executive of asset management company Franklin Resources Inc (BEN.N), where Joffe was a director and chaired the corporate governance committee.

Johnson spoke on a conference call. A spokeswoman for the law firm confirmed Joffe's death.

Joffe was principal litigator for Time Inc in its efforts in 1989 to resist a takeover by Paramount Communications Inc, according to a biography on Cravath's website,.

It said he later represented Time Warner Inc (TWX.N) in connection with its merger with America Online Inc, and a proxy fight by the investor Carl Icahn.

LOS ANGELES- 200 members of the Los Angeles legal community are expected to attend the Employment Law Forum, a nonprofit legal education event in Los Angeles.

The Greater Los Angeles Chapter of the Association of Legal Administrators (GLA ALA) will host its Annual Employment Law Forum Saturday, January 23 from 8 a.m. to 4:15 p.m. at the Autry National Center of the American West in Griffith Park, located at 4700 Western Heritage Way in Los Angeles.

The event will offer an annual update on new 2010 employment laws with speaker Laura Petroff, managing partner of Winston & Strawn’s Los Angeles office.

Marsha Petrie Sue, MBA, CSP will present the lunch keynote  “The Reactor Factor: How to Respond Positively to Negative Situations at Work.”

Three breakout sessions following lunch will feature the speakers Marsh Petrie Sue on the topic of how to Decontaminate Toxic People, Fred Griffin, partner of Burke Williams & Sorenson, on the topic of Navigating California Leaves and John LeCrone, partner at Davis Wright Tremaine, on the topic of Social Media in the Workplace.

An exhibit hall with over 40 business partners who support the legal industry will be in attendance.

Price to attend for ALA members is $50 for the morning session or $75 for the all day seminar and for non-ALA members is $75 for the morning session and $100 for the all day seminar.

For more information, contact GLA ALA President-Elect Mary McDonnell at mmcdonnell@entertainmentpartners.com. For media requests, contact Jess Block, media relations, at JessBlockPR@gmail.com or at 909.706.8525.

ABOUT GLA ALA:

The Greater Los Angeles Chapter of the Association of Legal Administrators (GLA ALA) is a 385-person nonprofit membership organization that provides educational opportunities, community service, and exchange of information to improve the quality and professionalism of management in legal services organizations. For more information, visit www.glaala.org.

Photos from the GLA ALA Employment Law Forum will be available after the event.

Atlanta-based law firm King & Spalding LLP has secured a $350 million arbitration award against Mexico’s national oil company.

King & Spalding represents Commisa, a subsidiary of U.S.-based KBR Inc. Commisa signed an agreement in 1997, with PEP, a subsidiary of Mexico’s national oil company, to build two large offshore natural gas platforms and other structures in the Bay of Campeche on the Gulf of Mexico, according to a King & Spalding news release.

Commisa claimed PEP delayed and disrupted the construction and refused to pay for change orders.

The International Court of Arbitration of the International Chamber of Commerce awarded Commisa $350 million in damages, fees, expenses and interest, according to the news release.

King & Spalding partners Robert Meadows in Houston and Charles Correll, Jr. in San Francisco represented Commisa.