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Sunday, October 23, 2011

Y! Alert: National Law Journal


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Banks, FHFA debate how to coordinate 17 mortgage-backed securities suits Top
Will they hang together or separately? That's the question before the U.S. District Court for the Southern District of New York, where 17 of the world's biggest financial institutions are being sued by the Federal Housing Finance Agency for selling Fannie Mae and Freddie Mac $200 billion worth of sub-par mortgage-backed securities.
 
Teva must pay Pfizer $378K in attorney fees for pursuing 'frivolous' claim in case over Viagra patent Top
A Virginia federal judge has slapped Teva Pharmaceuticals USA Inc. with an order to pay $378,285 of Pfizer Inc.'s attorney fees for its litigation conduct during Pfizer's case claiming Teva infringed its patent that underpins Viagra.
 
1st Circuit: Hannaford customers can recover some foreseeable mitigation costs of data breach Top
Customers victimized by a data breach at Hannaford Brothers Co., a supermarket company, can bring some negligence and implied contract claims against the company, the U.S. Court of Appeals for the 1st Circuit has ruled.
 
Judge rules MGA was too late with antitrust claims against Mattel Top
A federal judge has dismissed an antitrust suit brought by MGA Entertainment Inc. against Mattel Inc., concluding that it raised allegations that were too similar to the claims already contained in a related copyright case between the parties, but gave the Bratz doll maker an opportunity to amend its complaint.
 
Big law school loan provider getting out of the business Top
A change in federal student loan policy has forced Access Group Inc., a nonprofit company that has been the largest single provider of loans to law students since 1983, to stop lending to new students and to shed most of its staff.
 
Judge allows Orrick to fire MGA over unpaid bills Top
A federal judge has granted Orrick, Herrington & Sutcliffe's motion to withdraw from representing MGA Entertainment Inc., maker of the Bratz doll, in its copyright dispute with Mattel Inc.
 
Firms defend their work in Dodgers bankruptcy against trustee's attack Top
The U.S. trustee overseeing the bankruptcy case of the Los Angeles Dodgers has objected to about $350,000 in legal fees and expenses, arguing that work billed by attorneys to obtain financing over the summer was "not reasonably likely to benefit" the team.
 
Law school asks judge to toss graduates' fraud claims Top
Each of the three law schools that have been sued for fraud by graduates this year has now answered with a motion to dismiss. Lawyers for the Thomas M. Cooley Law School filed its motion on Oct. 20, following motions by the Thomas Jefferson School of Law on July 18 and New York Law School on Oct. 13.
 
Kappos: Adjusting to the America Invents Act will take some time Top
The U.S. Patent and Trademark Office is working hard to implement changes in the wake of the passage of the America Invents Act, but the changes will not immediately be perfect, PTO director David Kappos said Wednesday.
 
ENERGY LAW: This energy watchdog has sharp teeth Top
Michael Bromwich has shown he's got the bark — and the bite — to oversee the creation of three new agencies to replace the disgraced Minerals Management Service following the Gulf of Mexico oil spill disaster.
 
ENERGY LAW: REITs may be an answer to the transmission deficit Top
They offer a private alternative to public financing for infrastructure improvements.
 
ENERGY LAW: Industry unfazed by revised Marcellus yield estimates Top
Two agencies delivered sharply contrasting views of the richness of the resource.
 
ENERGY LAW: Battle lines form over hydraulic 'fracking' Top
Both sides are positioning their troops across the legislative, executive and judicial theaters.
 
THE PRACTICE: Courts divide over DNA sampling of arrestees Top
Some view it as just a modern version of fingerprinting; others say it's far more intrusive and requires a balancing test.
 
OPINION: Don't extend 'war on terrorism' Top
National Defense Authorization Act would likely allow military detention of U.S. citizens and others arrested here.
 
THE CAREERIST: Tell daughters about Anita Hill Top
As bad as sexism might be today, it was far worse back before Anita Hill shined a glaring light on it. Thanks to Anita Hill, my daughter will have to put up with a lot less nonsense.
 
Protect innovators, not copyright lawyers Top
If Viacom succeeds in having last year's judgment in favor of YouTube overturned, it will be a crushing blow for small startups — the YouTubes, Facebooks and Googles of tomorrow.
 
IP LAW: A SPECIAL REPORT Top
The sweeping patent reform law enacted last month is expected to create new classes of intellectual property winners and losers as game-changing provisions kick in during the next 18 months.
 
WHO REPRESENTS CORPORATE AMERICA Top
For this year's survey of the law firms who represent America's largest corporations, we've chosen to highlight one example of the longer-term relationships between in-house counsel and the law firms that represent them.
 
THE PLAINTIFFS' HOT LIST Top
These 20 firms are at the cutting edge of plaintiffs' work — and are giving defense players a run for their money. • Hare Wynn harvests big victory in rice row • In NYSE case, Labaton created a bull market • Whatley Drake finds healthy return in insurance fights
 

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