FBI Guys, More Regs Wanted, Facebook Flip-Flop: The Morning Minute
Here's the news you need to start your day.
May 30, 2019 at 06:00 AM
4 minute read
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WHAT WE'RE WATCHING
|OUCH - Plaintiffs lawyers booted off the NFL concussion leadership team are reeling from Judge Anita Brody's decision in Philadelphia federal court to dismiss all but one attorney from the litigation's class counsel cadre, Max Mitchell reports. “It's sua sponte, and it's without precedent. I've never seen anything like this in any class action,” says Gene Locks, one lawyer who got the heave-ho. Seeger Weiss lawyer Christopher Seeger now serves as sole class counsel.
WHEE! Talk about a revolving door. King & Spalding partner Paul Murphy is heading to the FBI to serve as director Christopher Wray's new chief of staff, R. Robin McDonald reports. Murphy, whose practice in Atlanta focuses on white-collar criminal defense, civil investigations and government enforcement matters, will replace former K&S partner Zachary Harmon, who is returning to private practice and whom Wray appointed in January 2018. Wray is also a former K&S partner.
MORE, PLEASE - It's not every day that an industry begs the federal government for regulation, but that increasingly is the case with emerging blockchain and cryptocurrency business, MP McQueen reports. Georgia Quinn, GC of CoinList, says the lack of regulation in the industry is “completely paralyzing.” While federal regulators have pursued enforcement actions against cryptocurrency operations and fraudulent schemes, they've come up short in clarifying the rules so that the industry can legitimately develop and thrive, Quinn says.
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EDITOR'S PICKS
|In Cambridge Analytica Case, Judge Calls Out Facebook's Flip-Flopping Privacy Rhetoric
What Intel Has Learned from the GDPR
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WHILE YOU WERE SLEEPING
|ROADBLOCK - India is proving a major headache for the Big Four looking to expand their legal services globally. John Kang reports that the legal arms of the Big Four accounting firms, until now, have been seemingly unconstrained in their rapid expansion across Asia. But now the Bar Council of Delhi has declared that they must “refrain from engaging in any [law] practice.” Foreign law firms, and the Big Four's legal operations, are not only barred from practicing local law in India, but also from establishing offices in the country. So far, all four firms have denied wrongdoing, but they also have marketed their legal services in India.
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WHAT YOU SAID
“Law schools were somewhat the canaries in the coal mine for challenges that are hitting colleges and universities.”
— MICHAEL HUNTER SCHWARTZ, DEAN AT THE UNIVERSITY OF THE PACIFIC MCGEORGE SCHOOL OF LAW, WHO WILL BECOME THE UNIVERSITY'S INTERIM PROVOST JULY 1, ON WHY MORE LAW DEANS ARE GETTING BIGGER JOBS AT UNIVERSITIES.
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