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Bellacosa Deplores Reliance On Independent Prosecutors
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Corporate and Securities Litigation
Sarah S. Gold, a partner at Proskauer Rose, and Richard L. Spinogatti, a senior counsel at the firm, write that in a matter of first impression, the U.S. Court of Appeals for the Eleventh Circuit has clarified the effect of §21(D)(f) of the Private Securities Litigation Reform Act of 1995, which provides for proportional liability for damages in certain circumstances, on control person claims under §20(a) of the Securities Exchange Act of 1934.Green Tech: Can IT Outsourcing Help Cure Our Energy Blues?
Robert M. Finkel, a partner at Milbank, Tweed, Hadley & McCloy, writes: It is becoming clear that IT services, software and outsourcing solutions will play an important role in the green revolution. To begin with, IT services and service providers themselves will inevitably have to become more energy efficient, as IT related energy consumption will no doubt comprise an ever increasing percentage of total energy use. But efficiency on the delivery side is only part of the story - and probably in the long term not the most significant contribution IT will make. What is more compelling in the long run is the transformational role that IT services, software and outsourcing will play in making everything else greener: to help make governments, businesses and other institutions operate in a leaner, smarter and cleaner manner.Despite Alcohol Tests, State Held Liable for Crash
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