The decision marks a huge downfall for the firm, which was plunged into turmoil when a series of top partners left, taking teams of lawyers with them to rivals.
New York | Multibillion-dollar law powerhouse Weil, Gotshal & Manges told partners on Wednesday afternoon (Thursday morning AEDT) that the law firm should dissolve, marking a stunning downfall for one of the US’s largest and most prestigious legal groups.
The law firm’s leadership held a meeting with partners to recommend winding the practice down.
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Move comes as chipmaker reels from reports its CEO was having an affair with an alleged Chinese spy
As the Nvidia spy saga continues to develop, the board announced it has retained a former US attorney, Joon H. Kim, and his firm, Wachtell, Lipton, Rosen & Katz (previously mentioned during the investigation into the LA Clippers, Steve Ballmer, and Kawhi Leonard, to perform the previously announced investigation. Separately, the New York Times is diving into the background of the accused spy, Megaspeed exec Alice Huang, and reporting that despite his claims, Donald Trump was informed in May by Marco Rubio about intelligence info showing Nvidia’s CEO was in a relationship with a spy, and that it was the second time he’d been told in seven months. [Link: Statement From the Independent Members of the NVIDIA Board | https://nvidianews.nvidia.com/news/statement-from-the-independent-members-of-the-nvidia-board | NVIDIA Newsroom]
The appointment was made after it emerged Jensen Huang had an affair with a woman believed to be a spy for China.
On Sunday, Huang admitted to having an affair with a woman who has been connected to Chinese intelligence by reports in The New York Times and Financial Times.
