Top News

  • September 17, 2008

    Experts Divided On Benefits Of AIG Bailout

    Experts are divided on how the $85 billion government bailout of American International Group Inc. will affect competition in the insurance industry and the role of the United States in promoting free markets abroad.

  • October 2, 2008

    High Court Ready To Referee Antitrust 'Soap Opera'

    As the U.S. Supreme Court prepares to kick off a new term, antitrust lawyers are waiting with bated breath to see how the court will tackle a price-squeezing case that triggered a dispute between the U.S. Department of Justice and the Federal Trade Commission.

  • September 16, 2008

    Wall Street Woes Spell Trouble For Law Firms

    Already a year into the credit crunch, law firms are now faced with perhaps the most dramatic reorganization of Wall Street since the Great Depression, prompting questions of just how prepared firms are to weather the latest economic storm.

  • September 15, 2008

    Lehman Must Act Quickly: Bankruptcy Experts

    Bankrupt Wall Street titan Lehman Brothers Holdings Inc. is now racing against the clock to preserve the value of its 158-year-old business.

  • September 14, 2008

    Lawyers Face Dramatic Challenges On Wall Street

    With Lehman Brothers Holdings filing for bankruptcy, Bank of America set to take over Merrill Lynch, and AIG about to announce a major restructuring, lawyers are facing unprecedented legal challenges for their Wall Street clients.

  • September 11, 2008

    Senate Passes ADA Amendments Act

    The U.S. Senate unanimously passed a bill Thursday that would overturn a series of Supreme Court decisions and expand what conditions are considered disabilities under the Americans with Disabilities Act.

  • September 10, 2008

    Sky Darkens For Lehman Brothers

    The outlook for Lehman Brothers Holdings Inc. has gotten suddenly grimmer, with the investment bank admitting that it expects to suffer a loss of $3.9 billion in the third quarter as whispers of a potential bankruptcy grow louder.

  • September 9, 2008

    Bill To Ease Discovery Burdens Moves To White House

    A bill that would establish a new federal rule of evidence aimed at reducing the cost and time of reviewing e-mails and other documents requested in discovery to avoid accidental disclosure of privileged materials is a presidential pen stroke away from becoming law after being passed by the U.S. House of Representatives on Monday.

  • September 8, 2008

    Fannie, Freddie Takeover Likely To Spark Litigation

    The U.S. government's seizure of mortgage giants Fannie Mae and Freddie Mac over the weekend is likely to spark a series of new lawsuits surrounding the troubled lenders and their now-former management, experts say.

  • September 7, 2008

    Fannie, Freddie Conservatorship Mirrors Chapter 11

    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.

  • September 4, 2008

    Fed. Circ. Hears Challenge To Patent Board Judges

    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.

  • September 2, 2008

    Revised DOJ Guidelines Could Spark New Strategies

    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.

  • August 28, 2008

    DOJ Changes Corporate Fraud Guidelines

    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.

  • August 21, 2008

    Reading Between The Lines Of Justices' Books

    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.

  • August 20, 2008

    3rd Circ. Throws Mercury-In-Tuna Suit Back To NJ

    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.

  • August 19, 2008

    D.C. Circ. Strikes Blow Against EPA, Oil Industry

    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.

  • August 14, 2008

    JP Morgan, Morgan Stanley Settle Over ARS For $7B

    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.

  • August 25, 2008

    Winning Business: How To Woo The In-House Lawyer

    Corporate in-house counsel offers do's and don'ts for surviving the "beauty contest" and getting your firm hired.

  • August 12, 2008

    Companies Resist Litigation Cost Reporting

    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.

  • August 8, 2008

    Ethical Concerns Raised Over Justices' Finances, Trips

    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.