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Monday, March 14, 2011

Y! Alert: Law.com - Newswire


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New York Firms' Profits Spike on Wall Street Rebound Top
With M&A and capital markets work surging, and litigation holding steady, partners at many elite New York firms with traditional ties to the investment banks saw their compensation rise last year, at times dramatically.
 
Lawyer loses license for advising clients to break into foreclosed homes Top
Citing "substantial harm to clients or the public," the State Bar of California has removed the law license of Michael T. Pines, who it said had helped clients get into their foreclosed homes, despite warnings by courts and police.
 
9/11 Plaintiffs Firm Is Ordered to Work With Conflicts Counsel Top
The lead law firm for some 10,000 plaintiffs in the 9/11 respiratory illness litigation has been ordered to cooperate with a special counsel to alleviate a conflict of interest a judge said may have "seriously prejudiced" 59 plaintiffs.
 
Houston Howrey managing partner discusses move to Winston & Strawn Top
On Wednesday, the Howrey name on the door of the firm's Houston office will change to Winston & Strawn. The affiliation change comes in the wake of Howrey's vote to dissolve the partnership.
 
For Bonds Trial, Illston Will Shield Juror Names Top
After considering more drastic measures to help ensure Barry Bonds gets a fair trial, California federal Judge Susan Illston ruled Monday that juror names will remain secret until the jurors are discharged.
 
Yoss firm to dissolve, shut doors by month's end Top
Yoss LLP, the largest minority-owned law firm in the U.S., will dissolve and close its doors March 31. In an e-mail sent to employees Friday, managing partner George Yoss said all employees would be laid off by the end of the month.
 
Manhattan Federal Judge Kimba Wood Calls Record Companies' Request for $75 Trillion in Damages 'Absurd' in Lime Wire Copyright Case Top
When 13 record companies won a summary judgment against Lime Wire in a copyright case, they demanded damages reaching as high as $75 trillion -- but a federal judge has labeled the request "absurd" and contrary to copyright laws.
 
New Suit Against Juridica Exposes Cracks in Litigation Funding Model Top
A racketeering complaint filed by S&T Oil Equipment and Machinery against Juridica Investments offers a rare glimpse of the tension that can emerge between a litigation finance-backed client and the litigation funder.
 
More Settlements Reached in SRAM Class Action Top
Plaintiffs in an antitrust class action against computer chip makers have agreed to settle for just under $77 million, three years after the DOJ closed without charges a criminal antitrust probe into the SRAM market.
 
Client and attorneys must pay $400K in fees Top
Citing the "mud and quicksand that this court had to wade through," a Georgia judge issued a stinging order levying $400,000 in attorney fees against two lawyers and their client in a custody case.
 
Judge Rebuffs Bid to Learn Locations of NYPD Cameras Top
In a FOIA case brought by the New York Civil Liberties Union, a judge has ruled the Department of Homeland Security does not have to reveal the locations of surveillance cameras installed for the Lower Manhattan Security Initiative.
 
Plaintiff isn't barred from recharacterizing alleged infringing product, Federal Circuit rules Top
A plaintiff in a patent infringement case isn't barred from changing its characterization of the defendant's allegedly infringing product, the Federal Circuit has found in a unanimous ruling.
 

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