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NAACP Resolves Dispute With Wells Fargo Over Lending Practices
The NAACP scored its first victory in a series of discrimination lawsuits against major financial institutions, but that win didn't come in court. Rather, the organization dropped its lawsuit against Wells Fargo after the bank agreed to changes intended to eliminate racial discrimination in lending and improve financial literacy, credit access and sustainable homeownership in minority communities. In July 2007, the NAACP sued 15 banks alleging they steered black homeowners toward higher-cost loans.
The Smoking Gun in an Adversary's Network
Sheppard Mullin attorneys Daniel L. Brown and Aimee R. Kahn say that understanding the potential uses of social networking sites should be considered in litigation. Cases demonstrate that Facebook and MySpace can contain smoking guns and that they can be targets to serve legal process.Conn. Lawyer Accused of Forgery, Larceny and Unauthorized Practice of Law
Charges of failure to pay child support may have been what police went to arrest suspended Connecticut lawyer Paul Mpande Ngobeni for earlier this month. But now he's facing additional charges of forgery, larceny and the unauthorized practice of law, as well. The charges against Ngobeni, a former attorney for the Legal Aid Society of Hartford County, include one count of third-degree forgery and three counts of larceny in the third-, fourth- and sixth-degrees.
Law Journal Press | Digital Book
Pennsylvania Causes of Action, 12th Edition
Authors: GAETAN J. ALFANO, RONALD J. SHAFFER, JOSHUA C. COHAN
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Official Committee of Unsecured Creditors of Verestar Inc. v. American Tower Corp.
Creditors Breached FRCP11 by Filing Their Claims In District Court Rather Than Bankruptcy CourtLehman raising $6B in capital, expects $2.8B loss
NEW YORK AP-Lehman Brothers Holdings Inc. on Monday said it will raise $6 billion in new capital to shore up its balance sheet after saying it expects to post an unexpectedly large second-quarter loss of nearly $3 billion.Shares of the nation's fourth-largest investment bank fell about 9 percent amid mounting concerns about its exposure to the mortgage market.Federal Judge OKs Rico Suit Against IBM Execs
A federal judge has refused to dismiss a massive RICO suit against four high-level IBM executives who are accused of swindling a Pennsylvania company into investing $12 million in technology projects.
Terrorism Ruling May Help Corporate Defendants Win Early Dismissals
A recent U.S. Supreme Court decision on a terrorism suspect's constitutional claims may help commercial defendants obtain pre-discovery dismissals of claims against them. The Court's decision in Ashcroft v. Iqbal should make it easier for defendants to win motions to dismiss commercial cases, especially in cases involving seemingly weak or speculative claims or where allegations of the defendant's knowledge or intent play a critical role, say attorneys Robert A. Schwinger and Eric Twiste.Trending Stories
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