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Thursday, June 30, 2011

Y! Alert: Law.com - Newswire


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The A-List 2011: Upheaval in the Ranks Top
None of the firms on The American Lawyer's 2010 A-List returned to the same spot this year. Whether it was a result of a firm's spike in its associate satisfaction score, or a drop in its revenue per lawyer, the 2011 A-List was all about volatility.
 
DOJ Conducting Criminal Investigation of Deaths of Two Detainees Top
Attorney General Eric Holder Jr. said Thursday that a special prosecutor is conducting a criminal investigation of the deaths of two detainees in U.S. custody as part of an examination of CIA interrogation abuses.
 
Sentencing Commission approves retroactive crack guidelines Top
Tens of thousands of federal prisoners could be released early from custody following the U.S. Sentencing Commission's unanimous decision Thursday to retroactively apply crack cocaine sentencing guidelines that would reduce sentences for certain offenders.
 
Claims Narrowed in MBIA's Suit Over Mortgage-Backed Securities Top
MBIA cannot bring claims for negligent misrepresentation or breach of good faith and fair dealing in a lawsuit against defunct mortgage lender Countrywide Financial, a New York appellate court has ruled.
 
Ex-Lawyer Sentenced to 30-Month Term for Insider Role Top
The need to deter insider trading and send a stern message about violating client confidences led a federal judge Thursday to sentence former Ropes & Gray associate Arthur Cutillo to 2 1/2 years in prison for his role in the Zvi Goffer insider trading ring.
 
Grais Takes Aim at $8.5 Billion BofA Settlement, Stating That His Client 'Strenuously Objects' To Any Deal Made Behind Its Back Top
Attorney David Grais claims an $8.5 billion settlement between Bank of America and the trustee for investors in Countrywide MBS was negotiated without his participation on behalf of Walnut Place, which holds more than $1 billion face amount of Countrywide MBS securities.
 
California Wage Laws Cover Nonresidents, Justices Rule Top
Answering a certified question for the 9th Circuit in a case involving traveling software trainers employed by Oracle, the California Supreme Court has ruled that California companies must pay overtime to nonresidents who spend time working in the state.
 
Did Bank of America's Aggressive PR Posture Hurt or Help? Top
Bank of America's public posture in the months leading up to an $8.5 billion settlement brings up some interesting legal communications questions: Is it better to definitively assert that you will fight claims, then settle? Or do such statements just raise expectations?
 
$22 Million Award Vacated Due to Arbitrator's Failure to Disclose Contacts With Fish & Richardson Lawyer Top
A Texas appeals court has vacated a $22 million arbitration award after finding the arbitrator failed to disclose that a lawyer in the dispute had given him a ticket to an NBA basketball game, a wine basket and paid for expensive meals, among other things.
 
Gay Librarian's Suspension Shocks Court's Sense of Fairness Top
A Manhattan judge has thrown out an arbitrator's "shocking" ruling suspending an openly gay high school librarian for conduct the judge said would have gone unpunished if committed by a heterosexual woman.
 
Returning Vet Can't Seek Punitive Damages in Employment Suit Top
A federal judge has ruled that a soldier returning from Iraq who sued his employer under the federal Uniform Services Employment and Reemployment Rights Act cannot pursue punitive damages under a separate Pennsylvania tort claim for wrongful discharge.
 
Ted Stevens Prosecutors Urge Appeals Court To Vacate Contempt Order Top
Two federal prosecutors who were held in contempt for allegedly flouting court orders in the public corruption case against Sen. Ted Stevens asked the D.C. Circuit on Wednesday to vacate the finding, calling the trial judge's ruling defective.
 
In HIV Misdiagnosis Case, D.C. Appeals Court Expands Ground for Emotional Distress Claims Top
A Washington, D.C., man incorrectly diagnosed with HIV can sue his health clinic for infliction of emotional distress, the D.C. Court of Appeals has ruled, expanding the ground for similar damages claims for the first time since 1990.
 
U.K. Bribery Act Finally Takes Effect Top
After a delay of almost a year, the U.K. Bribery Act finally takes effect today. Although mainly designed to tighten the U.K.'s regulatory framework, the act's broad jurisdictional reach means the majority of U.S. public companies are likely to be affected by what some experts have called the world's most draconian anti-corruption legislation.Visit International News
 

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