Lord, Day & Lord has been corporate counsel to the New York Times for 23 years. Thus it was surprising that when the Times fought the Pentagon papers case up to the Supreme Court, the venerable Wall Street firm played no part. The reason, as TIME learned last week: Lord, Day & Lord felt strongly that the Times should not publish the classified material, and the attorneys ultimately refused to take the case.
When Times executives last spring were debating whether to run the series, Lord, Day & Lord Partner Louis Loeb repeatedly advised that publication would be improper and might be...
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