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Tuesday, June 21, 2011

Y! Alert: Law.com - Newswire


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In-House and Labor Lawyers Respond to the Supreme Court's Wal-Mart Decision Top
This week's Supreme Court decision in the massive discrimination class action against Wal-Mart has left in-house lawyers with a number of questions -- including whether delegating responsibility to local managers might help protect companies from class actions.
 
Fallout from Wal-Mart case begins Top
The Supreme Court's blockbuster decision tossing out the biggest discrimination class action in history is already having an impact on the Court's docket -- and in one instance, it is affecting a case that does not seem related, at first blush.
 
Class Action Defense Bar Licking Its Chops After Wal-Mart Decision Top
The Supreme Court bestowed a gift on the labor and employment defense bar in its opinion in Dukes v. Wal-Mart, but lawyers defending all sorts of class actions -- including antitrust, product liability and securities cases -- are searching for ammunition in the ruling.
 
JPMorgan Agrees to Pay $154 Million to Settle SEC Fraud Claims Over Failed CDO Top
JPMorgan has agreed to pay $153.6 million -- including a $133 million penalty -- to resolve allegations that it marketed an ill-fated collateralized debt obligation without disclosing the role of a hedge fund that was shorting assets in the CDO.
 
Band of Brothers Admitted to Supreme Court Bar Top
Glenn Mitchell, name partner in Stein, Mitchell & Muse, moved the admission of his five sons to the Supreme Court bar on Monday -- possibly an all-time record, and an occasion that was "appropriate so soon after Father's Day," Chief Justice John Roberts Jr. noted.
 
Circuit Revives Negligence Suit in 9/11 Substation Destruction Top
The 2nd Circuit has ruled that the Port Authority can potentially be found negligent for allowing tenants to install diesel tanks at 7 World Trade Center, which allegedly accelerated and ultimately caused the destruction of the building after it was hit by fire and debris from the Twin Towers.
 
Former mortgage company CEO sentenced to 40 months in fraud scheme Top
Paul Allen, former CEO of Taylor, Bean & Whitaker Mortgage Corp., was sentenced Tuesday in Virginia federal district court to 40 months in prison for his role in a $2.9 billion bank fraud scheme, the Justice Department said.
 
Ford Dodges 'Death Penalty' Top
Ford Motor on Monday avoided what its lawyer called "the ultimate death penalty" when a judge denied the plaintiffs' motion to throw out the automaker's defense in a product liability suit and instead chose a lesser punishment for withholding information.
 
Judge Rejects Fraud Claim Against Cohen Milstein, Denies Bid By Hunton & Williams to Dismiss Dynex Securities Suit Top
Hunton & Williams' bid to discredit Cohen Milstein Sellers & Toll and win the dismissal of a securities fraud case against client Dynex may have backfired. A federal judge has refused to dismiss the suit, and expressed annoyance at their criticism of a magistrate judge's work.
 
Cozen Picks Up 19 Lawyers from New York IP Boutique Top
Cozen O'Connor has recruited 19 lawyers, including five senior partners, from 27-lawyer Cohen Pontani Lieberman & Pavane. The moves, effective July 1, include name partners Thomas Pontani, Martin Pavane and Lance Lieberman.
 
Baseball commissioner throws a wrench into McCourt divorce mechanism Top
Three days after Frank and Jamie McCourt reached a settlement in their divorce battle over ownership of the Los Angeles Dodgers, MLB commissioner Allan "Bud" Selig has rejected a proposed TV contract with Fox on which the deal had relied.
 
Feds don't want Scott Rothstein to speak in civil cases Top
Federal prosecutors don't want to endanger their criminal investigation into Scott Rothstein's Ponzi scheme by having Rothstein tell much of what he knows in a civil deposition, which might compromise potential witnesses or expose theories of prosecution.
 
Judge Overturns City Cell Phone Ban as Lawmakers Eye Action Top
A judge has thrown out an Allentown, Pa., ordinance that banned cell phone use while operating a vehicle, saying it was pre-empted by state law. A bill aiming to outlaw such use throughout Pennsylvania has been passed by the state Senate and awaits the House's OK.
 
Justice Watch: Rare en banc hearing to decide attorney's fate Top
Attorney Kevin Gleason crossed that line in the sand for lawyers challenging judicial findings when he called a bankruptcy judge's order "half-baked" and drawn "from the ether." Gleason must face an en banc hearing to determine whether civil or criminal sanctions should be imposed.
 

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