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Thursday, June 16, 2011

Y! Alert: NLJ.com: Supreme Court


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The latest from NLJ.com: Supreme Court


Split Court finds fund administrator not liable for fund's statements Top
A divided U.S. Supreme Court on Monday held that a mutual fund investment adviser could not be liable for allegedly false statements in client prospectuses if it did not have ultimate control over the statements.
 
High court upholds Nevada recusal law invoked against legislator Top
The Supreme Court ruled on Monday that recusal laws — including laws requiring judges to bow out in cases in which they have a conflict of interest — don't violate the First Amendment rights of government officials.
 
Court hands Microsoft loss in patent fight Top
Microsoft, with a $290 million jury verdict against it at stake, on Thursday lost a hard-fought patent battle in the U.S. Supreme Court. Justice Sonia Sotomayor, writing for a unanimous Court, held that alleged infringers — here Microsoft — who raise as a defense that the patent at issue is invalid must prove it by clear and convincing evidence.
 
Investors win again at the high court — but don't call it a trend Top
Removing a significant hurdle for plaintiffs in securities class actions, the Supreme Court ruled Monday that investors need not prove at the class certification stage that a company's deceptive conduct caused their economic losses.
 
High court practitioners: increasingly diverse Top
Last month's announcement that former acting solicitor general Walter Dellinger was turning over the reins of O'Melveny & Myers' prestigious appellate practice to Sri Srinivasan, born in India and raised in Kansas, is just the latest sign that diversity is blossoming where before there was almost none.
 

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