The Bush administration's decision to place both Fannie Mae and Freddie Mac under "conservatorship" effectively amounts to the largest bankruptcies in U.S. history, even if the mortgage giants are not technically bankrupt.
The Federal Circuit heard claims Wednesday that the appointment of two members of the Board of Patent Appeals and Interferences’ was unconstitutional, in an appeal disputing the board's authority to reject a beverage patent application.
Under intense pressure from critics, the U.S. Department of Justice has again altered its corporate fraud prosecution guidelines in a move that has the potential to dramatically alter how firms in the midst of a corporate scandal interact with federal prosecutors, experts say.
In the face of growing objections to internal rules that allow prosecutors to effectively pressure corporations to waive attorney-client privilege in white-collar crime investigations, the U.S. Department of Justice is again revising its controversial corporate fraud prosecution guidelines.
As U.S. Supreme Court justices reveal more about themselves and their interpretation of law in their books, court observers are questioning whether the judges may be revealing too much.
A federal appeals court has ruled that a proposed class action against the maker of Chicken-of-the-Sea tuna alleging the products contain harmful concentrations of mercury is not pre-empted by regulatory actions of the U.S. Food and Drug Administration, overturning a lower court's dismissal of the case.
Ruling against the country's environmental regulator and the oil industry on Tuesday, a federal appeals court struck down a 2006 rule prohibiting states from setting their own air pollution monitoring requirements.
Corporate in-house counsel offers do's and don'ts for surviving the "beauty contest" and getting your firm hired.
Following the news that both Credit Suisse Group and UBS AG inked settlements with securities regulators over auction rate securities, two more of the world's largest investment banks have agreed to pay a combined total of over $7 billion to repurchase the securities from retail customers and pay fines.
A newly proposed accounting amendment that would modify the rules governing the disclosure of the costs of ongoing litigation has drawn fire from some of the world's largest pharmaceutical companies, which argue that the amendment threatens attorney-client privilege.
Recent financial disclosures showing the justices on the current U.S. Supreme Court have been paid or reimbursed for a plethora of book deals, international conferences and teaching positions have raised eyebrows among some legal experts.
Fearful of the passage of the controversial Employee Free Choice Act next year, some employers are adopting the arbitration and grievance procedures typically found in collective bargaining agreements to keep one step ahead and fend off unions. But this pre-emptive strategy, while well intended for those wishing to keep workers happy and union-free, is not the wisest, lawyers say.
The number of women general counsel at Fortune 500 companies continued to climb this year, although there are still more than four men for every woman, according to a survey from the Minority Corporate Counsel Association.
Fed up with high reversal rates and a perceived lack of efficiency, some lawmakers, lawyers, judges and academics are calling for more specialized trial courts to hear patent cases.
With the economic downturn taking its toll on law firms around the country, law school graduates are facing an uphill battle when it comes to getting a job offer.
Deloitte Financial Services LLP launched a new electronic discovery consultancy center this week designed to efficiently and effectively store huge volumes of data, tapping into a growing need for specialized e-discovery advice as companies struggle to adapt to the daunting requests that could come during litigation.
In a city that reportedly has over 90,000 practicing lawyers, what happens to young and mid-level associates who suddenly find themselves unemployed in New York? That is undoubtedly the question the 96 corporate attorneys laid off from Cadwalader, Wickersham & Taft LLP Wednesday – many of them in New York - are asking themselves.
New policies pushed by the Internet's key naming authority aim to revolutionize the future of Internet addresses and create new ways for corporations to craft their online identities. But experts say the sweeping changes are likely to also lead to big headaches for trademark owners.
Professional sports teams may be willing to shell out millions to attract superstars like Kobe Bryant and Tom Brady, but for law firms hoping to lure the rainmakers, guaranteed contracts may leave firms on the losing end if they are not careful.
Top officials at the U.S. Department of Justice violated both federal law and department policy by taking political affiliation into account when hiring for career DOJ positions, according to an internal report released Tuesday.