September 20, 2011 | Inside Counsel
UBS shareholders may not file securities fraud lawsuitsLast week, UBS announced that a rogue trader caused it to lose more than $2 billion from unauthorized trades. Today, Reuters reports that UBS shareholders have yet to file any class action lawsuits against the Swiss bank.
By Ashley Post
2 minute read
September 19, 2011 | Inside Counsel
National E-Verify legislation facing oppositionLast week, the House Judiciary Committee met to consider legislation that would mandate that all U.S. companies use the federal E-Verify program, which requires employers to use an electronic database to confirm that their employees are legal workers.
By Ashley Post
1 minute read
September 16, 2011 | Inside Counsel
Government investigates loans to bankrupt solar firmSolar-panel maker Solyndra Inc. could have been described as the poster child of the Obama administrations push for clean energy development.
By Ashley Post
1 minute read
September 15, 2011 | Inside Counsel
Rogue UBS trader causes $2 billion lossThis morning, Switzerland-based UBS announced that a rogue trader caused it to lose more than $2 billion from unauthorized trades. As a result, the bank may report a loss for the entire third quarter.
By Ashley Post
1 minute read
September 14, 2011 | Inside Counsel
Former NFL players sue players unionAlthough the NFL's lockout officially ended in July when the owners and players agreed to a new collective bargaining agreement, the league cant seem to escape litigation.
By Ashley Post
1 minute read
September 13, 2011 | Inside Counsel
BNY Mellon to fight overcharging, negligence claimsIn his first public appearance as the new chairman and CEO of Bank of New York Mellon Corp., Gerald Hassell defended his banks reputation at the Barclays financial conference in New York yesterday.
By Ashley Post
3 minute read
September 12, 2011 | Inside Counsel
Rajaratnam asks for shorter prison sentenceGalleon Group co-founder Raj Rajaratnam is asking a judge to shorten the governments proposed prison sentence for his involvement in a massive insider trading case.
By Ashley Post
3 minute read
September 09, 2011 | Inside Counsel
Senate passes patent-reform billYesterday, the Senate voted 89-9 to pass legislation that will dramatically change the U.S. patent system. President Obama is expected to sign it into law.
By Ashley Post
2 minute read
September 08, 2011 | Inside Counsel
Toyota and plaintiffs’ lawyers battle over discovery limitsThe litigation following Toyotas massive vehicle recalls has been a bumpy road. Now, plaintiffs' lawyers representing Toyota vehicle owners who filed unintended-acceleration claims are attempting to steer the Japanese carmakers discovery plan in another direction.
By Ashley Post
2 minute read
September 07, 2011 | Inside Counsel
Senate moves forward with patent-reform billLast night, the Senate voted 93-5 to end its debate on the motion to proceed with the America Invents Act, commonly referred to as the patent-reform bill.
By Ashley Post
2 minute read
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