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Thursday, September 22, 2011

Y! Alert: Law.com - Newswire


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Citi's Midyear Report: Firms' Expenses Outpace Revenue Gains Top
Building on the positive signs for law firms from the first quarter of 2011, demand and rates were even stronger at the midyear point, while revenue held steady, according to recent reports. But expenses are increasing at a faster rate than revenue, putting a squeeze on profit margins.
 
Judge Blasts Lead Plaintiff's Firm for 'Epic Failures' in Securities Case Top
Citing "epic failures" in litigation against Smith Barney and Citigroup, a federal judge said in an angry opinion that the court had wasted time and chastised Bernstein Leibhard for revealing after six years of lawyering that the lead plaintiff in a securities case never bought the funds at issue.
 
Ex-SEC GC David Becker Grilled at House Subcommittee Hearing Top
A House panel heard Thursday from a repentant SEC chairman and a defensive former general counsel about how a possible conflict of interest may have tainted two SEC decisions regarding Bernard Madoff's Ponzi scheme. Former GC David Becker steadfastly held that he had done nothing wrong.
 
Covington Wins Appellate Ruling for Spain in Battle over 200-Year-Old Sunken Treasure Top
Take a 19th-century Spanish frigate, a mostly forgotten battle at sea, more than 500,000 silver and gold coins buried beneath the ocean and the Foreign Sovereign Immunities Act, and what have you got? A true litigation sea shanty.
 
Solyndra Bankruptcy Fallout Generating Plenty of Work for Lawyers Top
Attorneys from at least seven firms have landed roles advising parties connected to the increasingly controversial bankruptcy filing this month by government-subsidized solar panel manufacturer Solyndra, whose sudden collapse has begun to cast shadows over the U.S. solar energy industry.
 
Doug Caddell on Foley & Lardner's Freedom of Computing Top
Doug Caddell, CIO at Foley & Lardner, speaks with LTN staff reporter Evan Koblentz at ILTA about his firm's policy of giving lawyers the freedom to buy the technology they need -- instead of dictating choices. Freedom of computing, he says, allows firms to focus more on business issues and less on infrastructure.
 
Appellate Lawyer of the Week: Jonathan Turley Top
When Jonathan Turley is not teaching at George Washington University Law School or blogging, he is a litigator whose cases can never be described as boring. In this video interview with Tony Mauro, Turley discusses his high-profile case on Utah's anti-polygamy law.
 
George Rudoy on Legal Technology Consolidation Top
George Rudoy, of HSNO (formerly of Integrated Legal Technology), speaks with LTN's Editor-in-Chief Monica Bay about the end of isolated services in law firms. Rudoy discusses the centralization of legal technology in firms looking to modernize and meet budgets across the board.
 
Video: Robert Peck, Appellate Lawyer of the Week Top
Tony Mauro talks to Robert Peck, president of the Center for Constitutional Litigation.
 
Report: Ex-Am Law 100 Partner Accepts Censure, Regrets 'Moral Transgression' Top
The D.C. Bar has recommended that former Saul Ewing and Venable partner Sheryl Robinson Wood be publicly censured after she admitted to "intimate contact" with former Detroit Mayor Kwame Kilpatrick while she served as a court-appointed monitor of the city's police department.
 
Big win for Monsanto in seed patent case Top
In a case involving patent exhaustion, Monsanto has scored a win at the Federal Circuit for its genetically altered seed patents. The unanimous ruling was also a victory for Wilmer Cutler Pickering Hale and Dorr, including leading appellate advocate Seth Waxman.
 
Port Authority Ruled Not Liable in 1993 WTC Terror Bombing Top
A narrowly divided New York state high court has accepted the Port Authority of New York and New Jersey's position that not only did it have governmental immunity, but that it made no sense to hold the agency twice as responsible for damages as the terrorists who carried out the 1993 attack.
 
Kirkland, Dewey Win $101 Million Jury Verdict for Medtronic in Spinal Implant Patent Case Top
After two weeks of trial in an infringement suit over patents for spinal implants used in back surgery, lawyers for Medtronic convinced a California jury to award a subsidiary nearly $102 million, but defendant NuVasive collected its own much smaller award and vowed to fight the verdict.
 
ABA President Asks Labor Department to Reconsider 'Intrusive' Rule Change Top
American Bar Association President William Robinson III sent a comment letter Wednesday to the Department of Labor, asking the agency to reconsider a proposed rule that would "impose an unjustified and intrusive burden on lawyers and law firms and their clients."
 
4th DCA upholds award to widow of Broward smoker Top
A Florida appeals court has upheld a $600,000 award to the widow of a smoker in a suit against R.J. Reynolds Tobacco. One of the judges on the panel pleaded for more guidance from the Florida Supreme Court to end "a form of legal poker" being played in the trial courts.
 
Attorney disbarred following computer sex sting Top
A former law school adjunct professor has been disbarred by the Maryland Court of Appeals after pleading guilty to trying to seduce minors on the Internet. Richard Donald Lieberman was accused of emailing sexually explicit material to federal agents posing as 10- and 13-year-old girls.
 
Lawsuit reinstated against Nixon Peabody partner Top
The Supreme Court of New Hampshire has revived claims of negligent infliction of emotional distress, fraudulent misrepresentation and vicarious liability against Nixon Peabody partner Regina Rockefeller and the firm stemming from a lawsuit by an attorney's wife.
 
Rambus Asks San Francisco Jury for $3.85 Billion Top
Only a $3.85 billion jury award can undo the damage done by a multiyear price-fixing scheme, lawyers for Rambus argued Wednesday during closing arguments in their case against rival memory chip-makers Micron Technology and Hynix Semiconductor.
 
Judge losing patience with discovery pace in O'Melveny's fee fight with MGA Top
A California judge appeared likely to impose discovery sanctions against MGA Entertainment in an increasingly contentious billing dispute with its former law firm, O'Melveny & Myers, saying in a hearing this week that she was frustrated with MGA's "very serious breaches of discovery obligations."
 
Lawyer Reprimanded for Will That Gave His Wife the Client's Estate Top
A New Jersey lawyer has been reprimanded for drafting a will that allowed his wife to inherit $1.3 million. The state Supreme Court found no aggravating factors and said Roger Weil's conduct was mitigated by his expressions of remorse and an unblemished career of more than 30 years.
 
Justices To Decide on Spill Act Liability In Absence of Causal Link to Damages Top
The New Jersey Supreme Court has agreed to decide if a state law widely used to pursue polluters for cleanup costs creates strict liability for all damages arising from the contamination, whether or not a causal link to the original leak can be shown.
 

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