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Thursday, December 22, 2011

Y! Alert: Law.com - Newswire


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DOJ: Countrywide Financial Settling Lending Bias Suit For $335M Top
The U.S. Justice Department has announced that Bank of America will spend $335 million to resolve the largest-ever fair lending suit over allegations that Countrywide Financial systematically discriminated against qualified black and Hispanic borrowers, charging them higher fees and interest rates. The Justice Department also said Countrywide steered 10,000 homeowners into risky subprime loans despite their qualification for prime loans.
 
Covington Scores Win in Match Against Comcast Top
The Tennis Channel has won a case against Comcast, marking the first time an independent programming network has won a discrimination case against a cable or satellite company. The ruling by FCC Chief Administrative Law Judge Richard Sippel opens the door to future court challenges to claims of discrimination.
 
Law schools reflect wider problems with higher education, report says Top
Law schools have been in the hot seat lately over rising tuition, tough job prospects and costly accreditation requirements, but a think tank report says those issues are prevalent for higher education in general -- and offers some ideas for ensuring that students get the best value from their educations.
 
Eyeing Am Law 200, Greenebaum Doll Ties Knot with Indiana's Bingham McHale Top
Motivated in part by recent tie-ups involving regional rivals, Kentucky-based Greenebaum Doll & McDonald and Indiana-based Bingham McHale have announced plans to join forces to create a 250-lawyer firm called Bingham Greenebaum Doll as of Jan. 2. Both firms' partnerships have approved the merger.
 
Study: Jurors can't distinguish between knowing and reckless conduct Top
A study by a group of law and psychology professors has found that jurors often are unable to distinguish between knowing and reckless conduct, as defined by the Model Penal Code. That distinction can make a huge difference in sentencing in homicide cases.
 
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.
 
Patent Plaintiff WebXchange Can't Hold onto Its Lawyers in Suit Against FedEx and Dell Top
Six sets of lawyers from Kasowitz Benson, Grant & Eisenhofer and other firms have fled WebXchange's infringement suit against Dell and FedEx, citing irreconcilable breakdowns in attorney-client relationships. Now a judge has had enough of the game of musical chairs and is threatening to dismiss the case.
 
Second Circuit Upholds City Law Restricting Political Donations Top
A New York City law that greatly restricts campaign contributions from lobbyists and others doing business with the city does not violate the free speech or due process clauses of the U.S. Constitution, a federal appeals panel has held in a matter that could be destined for the U.S. Supreme Court.
 
Venable, Zuckerman, Simpson Guide Ranbaxy to $500 Million DOJ Settlement, FDA Consent Decree over Tainted Drugs Top
On Wednesday, Ranbaxy announced a $500 million settlement with the DOJ over claims that it marketed generic drugs that didn't meet federal safety standards. The CEO and board members of Daiichi Sankyo of Japan, which has a controlling stake in Ranbaxy, immediately vowed to slash their salaries in response.
 
Attorney attempts to narrow evidence in campaign violations trial Top
Trial attorney Pierce O'Donnell, whose plea agreement on campaign finance violations unraveled last month, has moved to whittle down the evidence that federal prosecutors can introduce during his impending trial and has indicated he plans to blame much of his behavior on his bipolar disorder.
 
Amended 3M Complaint Accuses D.C. Lobbyist of Coercion; Davis Calls Charges 'Absurd' Top
3M Corp. has amended its complaint against Washington lobbyist Lanny Davis and other co-defendants, including allegations of blackmail and threats to harm the company's business with the United Kingdom. Davis called the allegations "absurd."
 
Winston & Strawn Secures $276 Million for Investors (and $24 Million in Contingency Fees) in 18-Year-Old Suit Against the FDIC Top
Ending an epic 18-year fight with the federal government over the FDIC's seizure of Meritor Savings Bank, a judge in the U.S. Court of Federal Claims has issued a final order awarding Meritor's shareholders $276 million in damages and a nearly $24 million contingency fee to Winston & Strawn.
 
Pharma Co. Can't Bring Antitrust Suit Over Profit-Sharing Top
The 3rd Circuit has tossed for lack of standing a Delaware pharmaceutical company's antitrust suit in which it claimed Pennsylvania and Tennessee drugmakers conspired to drive up the price of generic versions of brand-name muscle relaxant Skelaxin.
 
Ex-Student Awarded $10M After Fall From Segway Top
A plaintiffs lawyer's decision to focus on "non-economic" damages has paid off in the form of a $10 million verdict against Segway in a suit over an injury during a test drive. A lawyer for Segway, which is attempting to get the verdict reduced or thrown out, called it an "almost never-seen-before strategy."
 
3rd Circuit Revives $295 Million Antitrust Settlement With De Beers Top
A split en banc panel of the 3rd Circuit has reinstated a $295 million class action settlement in an antitrust case against diamond wholesaler De Beers after an initial panel of the court found the two nationwide classes involved in the settlement were improperly certified.
 
Embattled Ga. Judge to Step Down Top
Brunswick Superior Court Chief Judge Amanda F. Williams announced her retirement Monday, ending a wide-ranging ethics investigation by Georgia's judicial disciplinary agency but leaving open the possibility that she could still face criminal charges.
 

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