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The latest from Law.com - Newswire

• SEC Charges Six Former Fannie and Freddie Executives with Securities Fraud
• Deal Boomlet Signals Happy Holidays for Some Corporate Lawyers
• Supreme Court to Hear Healthcare Arguments Over Three-Day Period in March
• Mericle Settles 'Kids-for-Cash' Suit for $17.75 Mil.
• Appeals Court Upholds SEC's Lifetime Ban Against Commercial Litigator
• How to Earn My GC Business
• John Green on Improving the User Experience
• Recorder Roundtable: Employment Law
• Janet Day on Law Firm IT 'Nirvana'
• Judge Throws Another Wrench in California Administration of Death Penalty
• Cleary Team One Step Closer to Winning Ex-Death Row Inmate's Freedom
• Federal Judge Dismisses $1 Billion Suit Against Microsoft
• Judge Rules For DOJ In Suit Over Politicized Hiring
• Controversial Campaign Donations Spur Asbestos Judge Reassignment
• Judge Rules 'Uncomfortable' Tweets and Blog Posts Are Protected Speech
• Illston Sentences Bonds to 30 Days of Monitoring
• Law School Transparency hopes the second time's the charm on data
• 5 Litigation Tips for Defending Professional Trustees Under the Prudent Investor Act

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SEC Charges Six Former Fannie and Freddie Executives with Securities Fraud	Top
The SEC on Friday charged six former top executives of Fannie Mae and Freddie Mac -- including their ex-CEOs -- with securities fraud, alleging that they knowingly approved misleading statements about the government-sponsored entities' holdings of risky mortgages. Both Fannie and Freddie entered into non-prosecution agreements with the SEC and agreed to cooperate with the litigation against the former executives. See related story: SEC Suits Against Fannie Mae, Freddie Mac Execs May Turn on Subprime Loan Definition (Subscription access)
Deal Boomlet Signals Happy Holidays for Some Corporate Lawyers	Top
Though global M&A activity is still struggling to catch up to 2007 levels, a recent flurry of transactions -- including two billion-dollar deals announced Friday -- shows that some corporate lawyers are shaking off the economic doldrums and getting a head start on what they hope will be a busy 2012.
Supreme Court to Hear Healthcare Arguments Over Three-Day Period in March	Top
The U.S. Supreme Court today released its March argument calendar, which sets arguments on the Patient Protection and Affordable Care Act for three days in the final week of March's two-week argument session. The Court will hear only health care arguments on those three days.
Mericle Settles 'Kids-for-Cash' Suit for $17.75 Mil.	Top
Robert K. Mericle, the builder of two juvenile detention facilities who allegedly paid millions in "finder's fees" to two former Luzerne County, Pa., judges has agreed to settle his portion of a civil suit brought by a class of juvenile plaintiffs for $17.75 million.
Appeals Court Upholds SEC's Lifetime Ban Against Commercial Litigator	Top
The D.C. Circuit has upheld the SEC's lifetime ban imposed against a commercial litigator whom the agency accused of violating attorney ethics rules. The commission accused Steven Altman of trying to squeeze money from another lawyer in exchange for favorable testimony at an administrative hearing.
How to Earn My GC Business	Top
Four in-house counsel discuss how firms can get their business and what they expect from outside attorneys.
John Green on Improving the User Experience	Top
John Green, CIO of Baker Donelson, speaks at ILTA with LTN's editor in chief, Monica Bay, about an initiative to improve the user experience at his firm by tracking and mapping every application in use using the Aternity Frontline Performance Intelligence software.
Recorder Roundtable: Employment Law	Top
Four experts discussed recent developments in employment law at a Recorder Roundtable on Nov. 9 in San Francisco.
Janet Day on Law Firm IT 'Nirvana'	Top
LTN reporter Evan Koblentz speaks with Berwin Leighton Paisner CIO Janet Day about her "concept of nirvana," in which the consumerization of IT in law firms -- where lawyers use and maintain their favorite devices for work -- makes the help desk unnecessary. Koblentz and Day also discuss Hewlett-Packard's move to become more consumer-focused as Apple potentially becomes more business-focused.
Judge Throws Another Wrench in California Administration of Death Penalty	Top
California's balky death penalty system lurched to another halt Friday when a state trial court judge, in a tentative ruling, rejected the state's latest lethal injection protocol as invalid and found the state's rationale for the three-drug procedure inadequate.
Cleary Team One Step Closer to Winning Ex-Death Row Inmate's Freedom	Top
A Tennessee appellate court has vacated the 1985 felony murder conviction of a former death row inmate and remanded his case for a new trial, due in large part to new evidence turned up by a pro bono Cleary Gottlieb team that over the past 15 years has spent at least 15,000 hours on the case.
Federal Judge Dismisses $1 Billion Suit Against Microsoft	Top
A federal judge on Friday dismissed Novell's $1 billion federal antitrust lawsuit against Microsoft after jurors said they were "hopelessly deadlocked" in a case so important to the computer giant that it put Bill Gates on the stand for two days last month.
Judge Rules For DOJ In Suit Over Politicized Hiring	Top
A federal judge in Washington, D.C., has dismissed a suit that claimed U.S. Justice Department lawyers during the George W. Bush administration unlawfully used political and ideological affiliations to screen job applicants for positions in the department's highly competitive Honors Program.
Controversial Campaign Donations Spur Asbestos Judge Reassignment	Top
A judge's campaign contribution flap in the Madison County, Ill., circuit court has led the U.S. Chamber of Commerce's Institute for Legal Reform to urge major changes in how the court handles asbestos cases.
Judge Rules 'Uncomfortable' Tweets and Blog Posts Are Protected Speech	Top
A federal judge in Maryland ruled last week that just as the 18th-century colonists drafted the First Amendment with public bulletin boards in mind, the same protections should be afforded to Tweets and other posts online.
Illston Sentences Bonds to 30 Days of Monitoring	Top
Famed slugger Barry Bonds was sentenced Friday to two years' probation and 30 days of house arrest for obstruction of justice, but U.S. District Judge Susan Illston stayed the sentence, pending Bonds' appeal. Illston cited four reasons from the pre-sentencing report to downgrade the sentence from guidelines.
Law School Transparency hopes the second time's the charm on data	Top
In 2010, the first time Law School Transparency asked schools to cough up detailed lists of graduate employment data, it didn't go so well. The organization hopes for better success this year, and sent letters last week to all ABA-accredited law schools asking them to release reports generated by NALP.
5 Litigation Tips for Defending Professional Trustees Under the Prudent Investor Act	Top
Beneficiaries trying to hold professional trustees responsible for market losses are using a relatively new weapon: the Prudent Investor Act. Chadbourne litigation partner Gerry Silver discusses recent decisions finding trustees liable under the act, and five key factors on which litigators should focus in defending against such claims.

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