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Thursday, May 12, 2011

Y! Alert: Law.com - Newswire


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Lime Wire Settles for $105 Million Mid-Trial Top
Defunct file-sharing service LimeWire agreed on Thursday to a $105 million settlement over infringement of music copyrights -- a far cry from the trillions in damages sought by recording companies at one point.
 
Circuit Upholds Dismissal of Claims Against Ratings Agencies Top
The 2nd Circuit has ruled that Moody's, Standard & Poor's and Fitch Inc. cannot be held liable under the securities laws for giving top ratings to mortgage-backed securities in advance of the collapse of the housing market and the demise of Lehman Brothers.
 
SG Nominee Verrilli Wins Committee Backing Top
After a contentious confirmation hearing in March, Donald Verrilli Jr. picked up wide, bipartisan support Wednesday for his nomination for U.S. solicitor general, as senators said he had eased some of their concerns about his independence from the White House.
 
Milbank's Big Bet Top
Milbank Tweed's new initiative with Harvard University, dubbed Milbank@Harvard, may provide a blueprint for a new, more sustainable law firm model, writes Indiana law professor William Henderson.
 
Ex-Ropes & Gray Associate Disbarred After Rajaratnam Verdict Top
Former Ropes & Gray associate Arthur Cutillo, one of three lawyers ensnared in the government's insider trading probe of Raj Rajaratnam's Galleon Group of hedge funds, was disbarred Thursday, a day after a federal jury convicted Rajaratnam.
 
$459 Million Junk Fax Verdict Tossed Top
The Georgia Court of Appeals has tossed a $459 million verdict, saying the trial judge erroneously based the award on a finding that the defendant had sent 306,000 unsolicited fax advertisements -- but the plaintiffs needed to prove the faxes had been received.
 
Antitrust Plaintiffs Ordered to Pay E-Discovery Costs Top
In a ruling that may send shivers up the spines of some plaintiffs lawyers, a federal judge has ruled that the winning defendants in an antitrust case are entitled to reimbursement of more than $367,000 in e-discovery costs.
 
Lehman Work Continues to Pay Off for Firms, Vendors Top
A steady stream of legal assignments related to the ongoing bankruptcy of now-defunct investment bank Lehman Brothers has at least 12 firms reaping the rewards, including companies providing e-discovery services and contract attorneys.
 
At long last, government case against Microsoft has ended Top
Nearly 10 years after Microsoft signed an agreement with the government to resolve antitrust charges, the company is free of federal oversight. Still, some lawyers are skeptical about just what the settlement achieved.
 
Medical Marijuana Providers Sue U.S. Government Over Raids Top
Two medical marijuana providers in Montana have accused the U.S. government of civil rights violations in what may be the first lawsuit of its kind in response to a federal crackdown on pot operations across the nation.
 
Circuit Stays Portion of Chevron Ruling Top
Litigants challenging a federal judge's preliminary injunction against worldwide enforcement of an $18 billion environmental judgment against Chevron in Ecuador got a measure of procedural relief at the 2nd Circuit on Thursday.
 
Foes renew push to ban enforcement of Don't Ask, Don't Tell Top
As political and military leaders continue the process of dismantling "don't ask, don't tell," the Log Cabin Republicans have unleashed a new legal tactic -- essentially asking the 9th Circuit to short-circuit the briefing and argument schedule in the appeal.
 
Dragonetti Case Against Reed Smith, Partner Settles Top
After more than two years of discovery battles, motions and the appointment of a discovery master and e-discovery master, a Dragonetti Act suit against Reed Smith, partner Alan K. Cotler and two former clients settled the week after a jury was selected.
 
BankAtlantic expands bid to sanction trial attorneys Top
Florida-based BankAtlantic Bancorp has expanded on its request for sanctions against shareholder attorneys for allegedly including false statements in a securities class action.
 
Fee-Shift Clause Found To Be Triggered Where Suit Spurred Corrective Action Top
Putting some gloss on the definition of "prevailing party," a New Jersey appeals court has held that fees may be awarded under a fee-shifting agreement if litigation that settled before trial produces a positive result.
 
Email Spat Erupts Between Foley and GrayRobinson Over Pitch to Partners Top
When Foley & Lardner pitched 20 GrayRobinson partners, GrayRobinson president Byrd "Biff" Marshall fired back with a sarcastic e-mail "mostly in fun." Foley's public affairs director's response? "Biff: we've never met but you seem to be an ass who is extremely fond of himself. All the best, Mike Harrell."Visit lawjobs.com News & Views
 
Up to 12 Chadbourne Lawyers Expected to Follow Energy Partners in Akin Gump Move Top
Up to 12 Chadbourne & Parke lawyers will likely follow renewable energy partners Edward Zaelke and Adam Umanoff's move this week, along with two other partners, to Akin Gump Strauss Hauer & Feld's Los Angeles office. Zaelke and Umanoff will co-chair Akin's global project finance practice.Visit lawjobs.com News & Views
 
The Careerist: In Search of Lawyers at the Central Park Ladies Hat Luncheon Top
Check out some of the latest posts on the lawjobs.com blog, The Careerist. In Search of Lawyers at the Central Park Ladies Hat Luncheon Plus 'Mea Culpa,' Says King & Spalding D.C. Partner -- a Good Idea? And Can Male Lawyers Ditch Briefcases for a Tote or Messenger Bag? Visit The Careerist
 
N.J. State Bar Again Seeks to Abridge Legal Malpractice Limitations Period Top
A New Jersey State Bar-backed bill in the Legislature would reduce the statute of limitations period in malpractice actions against licensed professionals, including attorneys, from six years to two years. The bill also seeks to eliminate fee shifting in malpractice cases.Visit Small Firms
 

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