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Tuesday, November 1, 2011

Y! Alert: National Law Journal


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Two State Street executives cleared of SEC charges of misleading investors Top
The U.S. Securities and Exchange Commission has lost an administrative case against two former State Street Global Advisors executives accused of misleading investors through disclosures about the underperformance of a State Street fund holding subprime mortgage-backed securities.
 
Judge dismisses Deepwater Horizon-related claims Top
A federal judge's dismissal of claims against the operators of emergency rescue boats that responded to the fire on the Deepwater Horizon oil rig has "delighted" the defense but seemed likely to provoke an appeal by the plaintiffs. Meanwhile, they have begun fighting over what the judge actually meant.
 
U.S. Sentencing Commission issues first study in 20 years on mandatory minimums Top
Black convicted offenders are the racial group least likely to earn relief from mandatory minimum sentences for assisting the government, according to a major study of mandatory minimum penalties by the U.S. Sentencing Commission.
 
Report calls for interagency efforts to combat federal courthouse threats Top
A new report by the U.S. Government Accountability Office found that security efforts at federal courthouses nationwide have kept pace with the growing number of threats, but that the federal agencies with a hand in security could do a better job of communicating.
 
Hips will be huge next year Top
About 3,500 lawsuits filed against DePuy Orthopaedics Inc. over its ASR hip implants, which the company recalled on Aug. 24, 2010. Since close to 93,000 patients worldwide have had the devices implanted, plaintiffs' attorneys are predicting the litigation will be huge.
 
DOJ suffers defeats in rails-to-trails cases Top
The U.S. Department of Justice has suffered a string of recent defeats over compensating landowners for the conversion of old railways into public trails, potentially exposing the government to millions of dollars in liability.
 
In D.C., judges' backgrounds are changing Top
Six of Obama's nine D.C. Superior Court nominees confirmed to date have worked for the Public Defender Service in Washington. This marks a noticeable departure from the George W. Bush administration, whose nominees mostly worked in private practice or as prosecutors.
 
Special interest group spending on state supreme court races rising, study shows Top
Independent spending on state supreme court elections by state parties and special interest groups in 2009-10 increased 60 percent over spending in elections four years earlier with a few "super spenders" dominating the money pot, according to a new report.
 
Obama's education loan reforms of limited help to law students Top
The federal student loan reforms announced by President Obama on Oct. 26 won't help most students now in law school or recent graduates, because they are geared primarily toward undergraduates, according to student loan experts.
 
The Minority 40 Under 40 Top
The lawyers profiled here were all born in the 1970s, a decade when law schools and law firms were just beginning to welcome minorities in significant numbers. The thriving careers of these lawyers — at law firms and in government, academia and public interest — attest to the greater opportunities available to them, as well as to their talents.
 
THE PRACTICE: Suing employees for computer fraud gets easier Top
Four separate circuit court rulings this year enhanced the ability of businesses to use Computer Fraud and Abuse Act.
 
OPINION: The need for empathy on the Court Top
Two recent arguments, one about strip searches and another about a procedural default in a death penalty case, illustrate why the human dimension matters in judging.
 
OPINION: Overhaul civil litigation Top
The jury trial has all but vanished, and discovery is used as a tactic to leverage a favorable settlement.
 
THE CONNECTED LAWYER: Earning trust: It's not all about you Top
With the proliferation of social media, lawyers have an opportunity to become advisers rather then pitch men. The first step is understanding what it means to be a trusted adviser.
 
ENERGY LAW: This energy watchdog has sharp teeth Top
Michael Bromwich has shown he's got the bark — and the bite — to oversee the creation of three new agencies to replace the disgraced Minerals Management Service following the Gulf of Mexico oil spill disaster.
 
IP LAW: A SPECIAL REPORT Top
The sweeping patent reform law enacted last month is expected to create new classes of intellectual property winners and losers as game-changing provisions kick in during the next 18 months.
 
WHO REPRESENTS CORPORATE AMERICA Top
For this year's survey of the law firms who represent America's largest corporations, we've chosen to highlight one example of the longer-term relationships between in-house counsel and the law firms that represent them.
 

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