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Monday, June 13, 2011

Y! Alert: Law.com - Newswire


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Ware Weighs Whether Walker Should Have Recused Top
Preparing to rule on what he called the first recusal battle to involve a judge's sexual orientation, Northern District of California Chief Judge James Ware asked tough questions Monday of those seeking to undo rulings by Judge Vaughn Walker, who presided over the Proposition 8 trial.
 
Jury Convicts Three, Capping Prosecution of Insider Trading Top
Zvi Goffer, Emanuel Goffer and Michael Kimelman have been found guilty of trading on inside information stolen by two former lawyers at Ropes & Gray. The verdicts mean that all the defendants originally arrested in the Galleon insider trading case have been convicted.
 
Report: Denver Firm to Fold at End of the Month Top
After seeing its headcount drop below 35 lawyers, Isaacson Rosenbaum will close its doors at the end of June, according to reports. The Denver-based firm has been affected by the 2008 financial crisis and partner losses to Am Law 200 firms.
 
3rd Circuit: Students' Off Campus Use of MySpace Not Punishable Top
In a pair of cutting-edge First Amendment cases, the 3rd U.S. Circuit Court of Appeals has ruled that school officials cannot discipline students for ridiculing their principals on MySpace during their hours away from school.
 
WINNING Top
The National Law Journal's annual "Winning" report this year highlights 14 litigators whose innovative trial strategies resulted in big wins in the courtroom. The criteria included substantial damages, an important precedent or unfriendly jurisdictions overcome.
 
ABA takes first formal step toward improving law school transparency Top
The American Bar Association has approved a change to its annual law school questionnaire, requiring schools to report more detailed employment and salary information. The changes will be in place by February, when the schools next report the data to the ABA.
 
DOJ Details Access, Use of WikiLeaks Documents in Gitmo Cases Top
Lawyers involved in Guantanamo Bay detainee litigation are permitted to use their own computers to view WikiLeaks documents but cannot save, print and share the information, the Justice Department said in guidance to the attorneys Friday.
 
Court Says Bar Exam Information Not Protected Top
An appeals court has breathed new life into a law professor's long-running quest for access to California State Bar admissions records, reversing a lower court ruling that the documents sought are shielded from public disclosure.
 
3rd Circuit Rules Phrase Doesn't Invite Lax Review of Policy Top
A phrase commonly used in insurance policies -- "satisfactory to us" -- has sharply divided federal appellate courts. Now the 3rd Circuit has sided with the minority view, holding that the phrase is ambiguous and that, under ERISA, the standard of review in court should therefore be de novo.
 
Boies Schiller and Greenberg Traurig Face Off in Modell's Family Court Drama Top
You know your mother's angry when she hires Boies, Schiller & Flexner to sue you. That's the situation facing Mitchell Modell, the CEO of Modell's Sporting Goods, whose mother is accusing him of diverting corporate assets and paying himself an excessive salary.
 
Circuit Rejects Financial Penalty for Insider Trading by Ex-Lawyer Top
The 2nd Circuit has overturned civil penalties imposed on former Thacher Proffitt & Wood associate Amir Rosenthal and his brother, who were part of a conspiracy run by their father that traded on inside information on corporate deals.
 
Judge Trims SEC Fraud Case Against Tourre, Citing Supreme Court's Morrison v. NAB Decision Top
The Supreme Court's Morrison ruling didn't save former Goldman Sachs bond trader Fabrice Tourre from a fraud suit over his role in marketing an infamous collateralized debt obligation, but a federal judge on Friday did dismiss part of the SEC's complaint against him.
 
Foreclosure Sales Can't Be Made Via Receiver, Judge Rules Top
A California court ruling last week added some clarity to a controversial area of commercial property foreclosures. Siding with developers, a judge ruled that Wachovia could not force the sale of a property through receivership.
 
Appeals Court Clarifies MERS Role in Foreclosures Top
The Mortgage Electronic Registration Systems, nominal holder of millions of mortgages, does not have the right to foreclose on a mortgage in default or assign that right to anyone else if it does not hold the underlying promissory note, a New York appeals court has ruled.
 
Panel: 'Naked Dancing' Not a Tax-Exempt Performance Top
A New York state appeals court has decided that there is "no serious question" that naked dancing in a strip club does not meet the definition of choreographed performances that would relieve the club from paying state sales taxes on drinks and cover charges.
 
Clifford Chance London Funds Team Quits for Weil Gotshal Top
The majority of Clifford Chance's London funds practice -- including practice head Ed Gander, funds partners Nigel Clark and Nick Benson and tax partner Jonathan Kandel -- is moving to Weil Gotshal. The departures will leave Clifford Chance with just one funds partner in London.Visit International News
 
Ince Freezes Pay Rates for Associates Top
Ince & Co has become the latest U.K. law firm to opt out of increasing its associate pay bands for the year ahead. In a statement, the firm said it believed the freeze "balances the need to provide a value-for-money service to clients with the need to attract and retain the best lawyers." Visit lawjobs.com News & Views
 

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