Emerging: Loretta Lynch has emerged as a top pick to replace Attorney General Eric Holder Jr., Reuters reports. Latham partner Kathryn Ruemmler, whose name had been in the mix as a potential nominee, last week withdrew from consideration. Holder has said he’ll stay on until a successor is confirmed.
Slashing: A Louisiana federal trial judge Monday slashed the $9 billion Actos punitive damages award to less than $37 million. The National Law has the story here. More coverage here in Reuters and here in Bloomberg.
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