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Wednesday, October 26, 2011

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Bankruptcies Are Down, But the Business Picture Still Isn't Rosy Top
Corporate bankruptcy filings have been dropping an average of 3.2 percent per quarter, according to figures released by the American Bankruptcy Institute. Sounds like a beacon of light in an otherwise dark and dismal economic landscape, right? Don't be fooled, says one bankruptcy expert.
 
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."
 
Paul Weiss, Winston & Strawn Secure Mistrial for Philip Morris in Missouri Light Cigarettes Class Action Top
A Missouri judge on Tuesday declared a mistrial in a $700 million class action against Altria Group's Philip Morris USA. After four days of deliberations, the jury split 8-4 for the plaintiffs on claims that Philip Morris violated state law by advertising its cigarettes as "light."
 
Senate committee to consider DOMA repeal Top
The Senate Judiciary Committee next week will debate the ban on federal recognition of same-sex marriage, according to a meeting agenda released Tuesday. All of the committee's Democrats, including its chairman, Sen. Patrick Leahy, support a repeal of the Defense of Marriage Act.
 
Judge won't let BP fast-track appeal on punitive damages Top
The federal judge overseeing the multidistrict litigation over the Deepwater Horizon oil spill has refused to allow BP to immediately appeal his ruling allowing a large number of plaintiffs to seek punitive damages.
 
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.
 
SEC Drops Case Against Former Deloitte Tax Partner Top
A former Deloitte tax partner managed to get out from under insider trading charges thanks to his wife taking the rap. The SEC on Tuesday agreed to dismiss its case against Arnold McClellan in light of Annabel McClellan's agreement to pay $1 million without admitting guilt.
 
Roger Clemens' Lawyers Seek Fees After Mistrial Top
The government should be forced to pay fees and costs associated with the botched obstruction and perjury trial of Roger Clemens, the defense lawyers for the former baseball pitcher told a judge in Washington, D.C., on Tuesday.
 
Circuit Pares Emery Firm's Fee in Favor of Plaintiffs' Committee Top
The long-running fee dispute among attorneys who represented the families of victims of the 1988 bombing of a plane over Lockerbie, Scotland, was brought to an end Tuesday by the 2nd Circuit, which ordered Emery Celli Brinckerhoff & Abady to pay 20 percent of its fee to the plaintiffs' committee.
 
Wyeth Abused Patent Process To Delay Release of Generic Effexor, Suit Says Top
A putative class action charges Wyeth with violating antitrust and consumer protection laws by fraudulently obtaining three patents for its antidepressant Effexor XR, then suing 13 generic drug makers in order to postpone the rollout of their versions by two years.
 
Judge Orders Ex-Partner's Discrimination Suit Against Irell Sent to Arbitration Top
A California judge has sided with Irell & Manella and ordered that an employment discrimination and wrongful termination lawsuit brought against the firm by a former entertainment partner be decided in a confidential arbitration proceeding rather than a public courtroom.
 
Rule sought for unsealing grand jury records Top
U.S. Attorney General Eric Holder Jr. is pitching a change in the federal criminal procedure rules to create tighter control over the release of historically significant grand jury material. But the proposed change would apply only to cases that are at least 30 years old.
 
First Rothstein investor trial delayed, referred for mediation Top
A federal judge surprised lawyers on both sides Monday by postponing the first trial of the Scott Rothstein fraud saga just one day before it was scheduled to start. The judge postponed Coquina Investments' civil fraud trial against TD Bank for a week and referred the case to mediation.
 
Skadden, Goodwin Procter Beat Back Shareholder Suit over Oracle's $685 million Phase Forward Deal Top
A Massachusetts appellate court has affirmed the dismissal of a suit on behalf of a putative class of shareholders of Phase Forward Corp., which agreed to be acquired by Oracle for about $685 million in April 2010.
 
Jenner's Andrew Weissmann Tapped as New FBI GC Top
Andrew Weissmann, the former director of the federal government's Enron task force, has left his post as co-chair of Jenner & Block's white-collar defense and investigations practice to become the Federal Bureau of Investigation's new general counsel.
 
Risks From Backyard Practice Preserve Little Leaguer's Lawsuit Top
Despite the fact that participants in sporting activities generally assume the risk of injury, a judge has ruled that a lawsuit can proceed against a Little League coach who conducted practices in his backyard, where a 10-year-old boy was hit in the head with a ball during a drill in the rain.
 
Appeal Court Rejects 'Plain Smell' Theory in Pot Case Top
A California appeal court has held that police had no grounds to seize a pungent bag of marijuana in a Fed Ex package without a warrant, but questioned whether it might be time for the state high court to revisit a 43-year-old decision stating that probable cause cannot be based on smell alone.
 
Circuit Rules Money Transfers Did Not Violate Iranian Embargo Top
The 2nd Circuit has reversed the conviction of a U.S. citizen for violating restrictions on trade with Iran through money transfers. The circuit ruled that Mahmoud Reza Banki cannot be retried for violating the Iranian Transactions Regulations by taking part in the "hawala" system of informal money exchange.
 
U.S. Justice Department Targets Assets in Equatorial Guinea Corruption Probe Top
Federal prosecutors are targeting more than $70.8 million, including nearly $2 million in Michael Jackson memorabilia, that the government contends is the fruit of a money-laundering and extortion scheme in the Republic of Equatorial Guinea.Visit International News
 

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