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Wednesday, December 14, 2011

Y! Alert: Law.com - Newswire


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Under FCPA, former Siemens executives charged with 'stunning' bribes of Argentine officials Top
The biggest-ever Foreign Corrupt Practices Act case lives on with Wednesday's announcement that eight former executives and agents of Siemens AG have been charged with bribing officials in Argentina to get a $1 billion government contract. The case marks the first time a board member of a global Fortune 50 company has been charged with an FCPA violation, according to DOJ Criminal Division head Lanny Breuer, who described the scheme as "corruption on an absolutely stunning scale."
 
State lawsuits against Toyota encounter turbulence Top
The bumpy ride toward the first trial against Toyota over sudden acceleration claims got bumpier when a Los Angeles judge told lead plaintiffs lawyers to tear up the complaints in their proposed bellwether cases and suggested that a wrongful death case might have a higher priority.
 
New York Judge Rules Law Partner Not an Employee, Can't Sue for Age Discrimination Top
A favorable decision for Holland & Knight in a long-running dispute over its termination of a former partner could make it harder for other law firm partners to sue over allegedly unfair treatment, at least in New York.
 
Insurers Spared From Covering SEC Settlement Top
J.P. Morgan Securities' insurers will not have to cover any of a $250 million settlement with the SEC over alleged deceptive market timing, a unanimous New York appellate panel ruled Tuesday. The case concerns a 2006 settlement between the SEC and Bear Stearns, which was acquired by J.P. Morgan in 2008.
 
Circuit Revives Overtime Claims Against Oracle Top
For a second time, the 9th U.S. Circuit Court of Appeals has ruled that out-of-state Oracle workers can move forward with a proposed class action seeking overtime pay. The three-judge panel reversed the district court, which had granted summary judgment in favor of Oracle.
 
How to Earn My GC Business Top
Four in-house counsel discuss how firms can get their business and what they expect from outside attorneys.
 
John Green on Improving the User Experience Top
John Green, CIO of Baker Donelson, speaks at ILTA with LTN's editor in chief, Monica Bay, about an initiative to improve the user experience at his firm by tracking and mapping every application in use using the Aternity Frontline Performance Intelligence software.
 
Recorder Roundtable: Employment Law Top
Four experts discussed recent developments in employment law at a Recorder Roundtable on Nov. 9 in San Francisco.
 
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.
 
Harbinger General Counsel Gets Wells Notice from SEC Top
Robin Roger, the top lawyer at Harbinger Capital Partners, and the hedge fund's chief, Philip Falcone, received Wells Notices from the Securities and Exchange Commission this week, indicating they may be charged with violations of U.S. securities laws.
 
Sandusky Waives Preliminary Hearing Top
Before the start of business Tuesday, former Penn State assistant coach Jerry Sandusky stunned a jam-packed courtroom with the decision to waive his right to a preliminary hearing. It was an abrupt departure from the defense's widely advertised strategy for the proceedings.
 
MBIA, Morgan Stanley Reach Accord in Multibillion-Dollar Credit Crisis Showdown Top
In the high-stakes litigation challenging its 2009 restructuring, MBIA has reached a major settlement with Morgan Stanley. But for some of MBIA's Wall Street adversaries, the notion that MBIA had to rely on a loan to fund part of the settlement vindicates their claims that the insurer's restructuring was a fraud.
 
Verizon must pay $11 million per month in sunset royalties Top
Verizon Communications is on the hook for about $11 million in royalty payments for each of the next six months following a jury's verdict that its FiOS television service infringed on patents held by ActiveVideo Networks. A federal judge denied Verizon's motion to stay payment of "sunset royalties."
 
Ninth Circuit Nominee Questioned About Work on Arizona Case Top
A day after the Supreme Court took up Arizona's tough immigration laws, Sen. Chuck Grassley, the ranking minority member of the Senate Judiciary Committee, grilled 9th Circuit nominee Paul Watford on Munger Tolles' representation of civil rights groups challenging the state laws.Related information: Watch video from the hearing.
 
WaMu Shareholders Settle, Agree to $7 Billion Bankruptcy Exit Plan Top
Could Washington Mutual emerge from bankruptcy as an operating company and someday own a bank again -- all thanks to insider trading allegations? A federal judge's finding related to those allegations helped spur WaMu's equity committee to finally sign off on an amended reorganization plan this week.
 
Kirkland Can't Stop Judge from Certifying Stock-Drop Class Action Against Medtronic Top
Despite claims by Medtronic that plaintiffs lawyers in a stock-drop suit had fudged the testimony of 13 confidential witnesses, a federal judge on Monday certified the shareholder class, ruling that it was "premature" to determine whether the plaintiffs had accurately represented witnesses' testimony.
 
Tobacco Companies Preparing for Supreme Court Review of Graphic Labels Top
In a new motion filed Monday in Washington federal court, the cigarette manufacturers suing the Food and Drug Administration over new graphic label requirements hinted that they already have their sights set on the Supreme Court.
 
Contentious Discovery Leads to Ruling on Spousal Privilege Top
In the middle of a 24-page opinion chastising the way an attorney conducted himself during a deposition and how his co-counsel handled discovery, a federal judge in Pennsylvania ruled on a novel issue of law for the Eastern District, limiting the use of spousal privilege in federal cases.
 
Judge Once Again Rejects HSBC Settlement with Madoff Feeder Fund Investors Top
HSBC's efforts to resolve claims by investors in an Irish fund that lost millions in Bernard Madoff's Ponzi scheme failed again last week, when a federal judge rejected a proposed settlement worth as much $62.5 million on the grounds that he'd already dismissed the investors' claims on jurisdictional grounds.
 

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