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Friday, April 1, 2011

Y! Alert: Law.com - Newswire


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Howrey Staffers Jobless After Citibank Cuts Payroll Funding Top
Citibank cut funding to cover the Howrey payroll Thursday, according to a memo from the firm. Though the newly jobless will get some benefits through April 30, they were told all of Howrey's U.S. offices would close and most staffers would be terminated as of close of business Thursday.
 
Corporate Scorecard 2011 Top
Though nobody would confuse the 2010 level of corporate work with the heyday of 2007, the latest Corporate Scorecard rankings from The American Lawyer show signs of an economic recovery.
 
Deal reached on access to Toyota's source code Top
Toyota Motor has agreed on the final details about how to turn over its source code, the "crown jewels" of the company, to the lead plaintiffs lawyers in the multidistrict litigation over sudden acceleration.
 
Report: Lateral Associate Hiring Rose 61 Percent in 2010 Top
A NALP report shows an increase in lateral hiring in 2010, driven mostly by mobility in the associate ranks. Lateral associate hiring rose by 61 percent, while partner hiring increased by 8.4 percent.
 
SiriusXM Facing $1 Billion Trial Date After Judge Certifies Antitrust Class Top
In what a co-lead class counsel calls a "bet-the-company case," a federal judge has certified a class to pursue Sherman Act claims against SiriusXM, denying a motion for summary judgment on the antitrust allegations.
 
Judge preliminarily approves settlement in second BAR/BRI monopolization suit Top
A federal judge has preliminarily approved a second settlement reached between West Publishing and Kaplan and a class of people alleging the companies conspired to monopolize the market for the BAR/BRI bar review course.
 
Why Is This ARS Suit Different from All Other ARS Suits? Dow Corning's $165 Million Case Against Merrill Lynch Survives Motion to Dismiss Top
The judge who oversees the consolidated auction-rate securities litigation against Merrill Lynch has been a tough gatekeeper. But on Wednesday, she denied Merrill's motion to dismiss Dow Corning's $165 million ARS suit.
 
Panel Rejects Class Action Against Clifford Chance Top
In the wake of Diagnostic Ventures' $1.7 billion collapse, investors have won the right to pursue class action fraud claims against the firm's auditors at Deloitte & Touche but lost a bid to bring class claims against lawyers from Clifford Chance.
 
Women Make Their Mark on Debevoise Partnership Ranks Top
Debevoise's track record on women partners is worth noting. Of its latest batch of three partners, two are women. And in the last four years, women have made up at least 50 percent of all new partners. The Careerist's Vivia Chen is impressed.Visit lawjobs.com News & Views
 
GOP Renews Criticism of Trial Lawyer Judicial Nominee Top
In what's become a proxy for debate over mass torts, U.S. senators are clashing again over the nomination of Motley Rice partner John McConnell Jr. to the U.S. District Court for the District of Rhode Island.
 
Glaxo Comes Up Mostly Empty in Big Pharma Trial Top
After a rare jury trial between rival pharmaceutical companies, a federal jury on Wednesday rejected GlaxoSmithKline's antitrust claims against Abbott Labs over an HIV drug's dramatic price increase.
 
Bonds Lawyers Say Government Withheld Evidence Top
Lawyers in the Barry Bonds perjury trial engaged in a nasty Brady battle Thursday, with Bonds attorney Cristina Arguedas arguing that government lawyers purposefully withheld evidence from the defense.
 
SEPTA Settles Trademark Infringement Suit Against Law Firm Top
The Southeastern Pennsylvania Transportation Authority has settled its IP suit against a personal injury firm over the firm's use of a SEPTA bus on its website and the prefix "SEPTA" in the firm's phone number.
 
Camp Scheduled to Report to Federal Prison April 15 Top
Former federal Judge Jack Camp is scheduled to report to a federal prison in Oklahoma on April 15 to begin serving a 30-day misdemeanor sentence stemming from a liaison with a stripper whom he paid for sex and illegal drugs.
 
'Exceptional Mitigating Circumstances' Gain Lawyer Reinstatement Top
A New York appeals court has reinstated an attorney who, after falling prey to drug addiction, has "turned his life around" and now counsels former drug addicts and runs a successful sandwich shop as well as a non-profit that provides job training to high school students. Visit Small Firms
 

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