The latest from Law.com - Newswire
- Former Goldman Board Member Is Charged With Insider Trading
- When it comes to buying power, Dallas beats New York
- The bloom is coming off the rose for prospective law students
- Oakland Police May Have Violated Policy, Lawyers Contend
- In-House Views of SEC Regulation, Enforcement, and Reform
- Janet Day on Law Firm IT 'Nirvana'
- The Final Rothstein Auction
- Doug Caddell on Foley & Lardner's Freedom of Computing
- Appellate Lawyer of the Week: Jonathan Turley
- Business Group Opposes $3.4B Cobell Settlement
- Invest like (Judge) Trump
- Judge sentences former lobbyist Kevin Ring to 20 months
- Million-Dollar Default Judgment Upheld Against Lawyer in Bank Collection Suit
- Splintered Circuit OKs Alien Tort Case Against Rio Tinto
- Attorneys say executives knew drywall was contaminated
- L.A. Judge Trims Allstate Suit over Countrywide Mortgage-Backed Securities
- FTC Finds Drug Companies Entering Into Dozens of 'Pay for Delay' Deals
- Court Mulls Federal Fee-Shifting Rule That Could Spell Doom for Rendine
- Parties trade accusations as Dodgers' bankruptcy hearing nears
- Attorney Given 'Strong Censure' for Facilitating Bogus Mortgage Rescue
- Former Linklaters Chief Tony Angel Set to Join DLA Piper in Top Role
| Former Goldman Board Member Is Charged With Insider Trading | Top |
| Rajat K. Gupta pleaded not guilty Wednesday to passing inside information he learned as a board member at Goldman Sachs and Procter & Gamble to Raj Rajaratnam, the Galleon Group hedge fund founder and convicted insider trader. Gupta, who surrendered to authorities early Wednesday, was released on a $10 million personal recognizance bond secured by his home in Westport, Conn. | |
| When it comes to buying power, Dallas beats New York | Top |
| For the first time, the National Association for Law Placement has released to the public an index comparing new attorneys' buying power in 70 cities. Despite higher salaries elsewhere, new lawyers in private practice in Dallas, Houston and Atlanta come out ahead due to differences in living costs. | |
| The bloom is coming off the rose for prospective law students | Top |
| Sixty-eight percent of prospective lawyers queried in a recent survey said they would still apply to law school even if they understood that a significant number of graduates would be unable to find jobs in their desired field. That figure compares with 81 percent a year ago. | |
| Oakland Police May Have Violated Policy, Lawyers Contend | Top |
| The Oakland Police Department may have violated a 2003 agreement for handling street protests when it descended on an Occupy Oakland street demonstration Tuesday night, say lawyers affiliated with the National Lawyers Guild, which helped draft the policies. | |
| In-House Views of SEC Regulation, Enforcement, and Reform | Top |
| At the "SEC Update" session at this year's Association of Corporate Counsel annual meeting in Denver, Microsoft senior attorney Peter Kraus promised to hit the highlights of the SEC's new cybersecurity guidance in 30 seconds -- and he delivered. | |
| Janet Day on Law Firm IT 'Nirvana' | Top |
| LTN reporter Evan Koblentz speaks with Berwin Leighton Paisner CIO Janet Day about her "concept of nirvana," in which the consumerization of IT in law firms -- where lawyers use and maintain their favorite devices for work -- makes the help desk unnecessary. Koblentz and Day also discuss Hewlett-Packard's move to become more consumer-focused as Apple potentially becomes more business-focused. | |
| The Final Rothstein Auction | Top |
| The third and final auction of items from Ponzi schemer Scott Rothstein features a stuffed lion, dozens of pricey shoes and dresses and a $3,000 Hello Kitty purse. | |
| Doug Caddell on Foley & Lardner's Freedom of Computing | Top |
| Doug Caddell, CIO at Foley & Lardner, speaks with LTN staff reporter Evan Koblentz at ILTA about his firm's policy of giving lawyers the freedom to buy the technology they need -- instead of dictating choices. Freedom of computing, he says, allows firms to focus more on business issues and less on infrastructure. | |
| Appellate Lawyer of the Week: Jonathan Turley | Top |
| When Jonathan Turley is not teaching at George Washington University Law School or blogging, he is a litigator whose cases can never be described as boring. In this video interview with Tony Mauro, Turley discusses his high-profile case on Utah's anti-polygamy law. | |
| Business Group Opposes $3.4B Cobell Settlement | Top |
| A conservative think tank that advocates for free enterprise and limited government is challenging the landmark $3.4 billion settlement in a Native American class action in Washington, D.C., saying the judge in the high-profile case should not have certified a class. | |
| Invest like (Judge) Trump | Top |
| The annual disclosure report of New Jersey federal Judge Maryanne Trump Barry offers a glimpse into the finances of one of America's most famous wealthy families. Barry is the daughter of the late New York real estate developer Fred Trump and the older sister of developer Donald Trump. | |
| Judge sentences former lobbyist Kevin Ring to 20 months | Top |
| Kevin Ring, a former Greenberg Traurig partner and lobbyist who worked with Jack Abramoff, has been sentenced to 20 months in prison. That's a fraction of the 17 years that federal prosecutors recommended, and it's below even the guideline range that Ring's lawyers said was appropriate. | |
| Million-Dollar Default Judgment Upheld Against Lawyer in Bank Collection Suit | Top |
| A New Jersey appeal court has upheld a $1 million default judgment against a lawyer who failed to lodge a timely challenge to a bank's collection suit. There was no excusable neglect in Douglas Hanna's not filing an answer, nor was there merit in his belated challenges to the bank's standing to sue, the court found. | |
| Splintered Circuit OKs Alien Tort Case Against Rio Tinto | Top |
| The 9th Circuit has revived a human rights suit against mining company Rio Tinto and held the Alien Tort Statute doesn't shield corporations from liability for violations of international law. One dissenting judge blasted the majority for giving the 9th Circuit jurisdiction "over all the Earth." | |
| Attorneys say executives knew drywall was contaminated | Top |
| Executives at Knauf knew its Chinese-made drywall was contaminated but did not warn homeowners who installed the tainted wallboard, attorneys suing the company claimed in court Tuesday. Based on those accusations and sealed documents and depositions, a judge will permit homeowners to seek punitive damages. | |
| L.A. Judge Trims Allstate Suit over Countrywide Mortgage-Backed Securities | Top |
| A judge has dismissed federal securities fraud claims against Bank of America's Countrywide unit and limited Allstate's New York and Illinois state law claims to securities it bought after December 2005. The ruling appears to knock out claims involving about $178 million of $700 million in securities. | |
| FTC Finds Drug Companies Entering Into Dozens of 'Pay for Delay' Deals | Top |
| A new study by the Federal Trade Commission has found that drug companies entered into 28 "pay for delay" deals with generic rivals in fiscal year 2011, continuing a trend that agency Chairman Jon Leibowitz says is costing consumers and the U.S. government billions of dollars a year. | |
| Court Mulls Federal Fee-Shifting Rule That Could Spell Doom for Rendine | Top |
| The New Jersey Supreme Court on Tuesday took up the question of whether to adopt a U.S. Supreme Court ruling that sharply curtails trial judges' power to enhance counsel fees in cases that might never have been filed but for fee-shifting rules. | |
| Parties trade accusations as Dodgers' bankruptcy hearing nears | Top |
| Los Angeles Dodgers owner Frank McCourt and Major League Baseball are gearing up for their big court fight next week, with each side accusing the other of looking out for its own interests and, as a consequence, placing the baseball team and fans at risk. | |
| Attorney Given 'Strong Censure' for Facilitating Bogus Mortgage Rescue | Top |
| A New Jersey real estate attorney held liable for his conduct in a bogus sale-and-leaseback deal has been censured, though ethics authorities stopped short of finding him complicit, noting "there was no benefit to him, other than his fee." | |
| Former Linklaters Chief Tony Angel Set to Join DLA Piper in Top Role | Top |
| DLA Piper is set to hire former Linklaters managing partner Tony Angel as co-global chairman and senior partner of its business outside of the U.S. If the move is approved by the partnership, Angel will become co-chair of the firm alongside Frank Burch and senior partner of DLA Piper International.Visit International News | |
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