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Corporate Defendants Prevail at High Court
The U.S. Supreme Court yesterday made it easier for corporate defendants to seek and win dismissal of lawsuits filed by investors alleging stock fraud or market manipulation. By an 8-1 majority, the Court raised the threshold that plaintiffs must cross in initial pleadings to show that defendants had the intention to deceive or defraud.Covenant-Lite Loans Rise Again
In their Secured Transactions column, Alan M. Christenfeld, senior counsel at Clifford Chance, and Barbara M. Goodstein, a partner at Mayer Brown, write: Investors' hunger for yield in the post-recession years in U.S. financial markets has led to a number of trends, and as many leveraged lending lawyers can attest, the big one in 2013 has been the proliferation of covenant-lite institutional term loans. It remains to be seen how long this market will remain hot, whether regulators will take steps to reign it in or what effects it could have on the economy if default rates rise in the future.Lawyers Bet Their Knack for Lighthearted Gambling Will Pay Off
Sentence Reversed Over Drug Quantity
A U.S. SUPREME Court ruling mandating that any fact increasing a sentence beyond the statutory maximum must be alleged in the indictment and proven beyond a reasonable doubt to a jury has been applied in another context by the U.S. Court of Appeals for the Second Circuit.View more book results for the query "*"
2010 Developments Under State Environmental Quality Review Act
In his Environmental Law column, Michael B. Gerrard of Arnold & Porter discusses the decline in cases under the State Environmental Quality Review Act in 2010 due to the fiscal crises of the past two years, though there was a rise in administrative activity.Intellectual Property Litigation
Lewis R. Clayton, a partner at Paul, Weiss, Rifkind, Wharton & Garrison, writes that no user of the Internet can fail to notice the wide availability of thousands of audio and video clips uploaded each day by individuals. A good deal of this material derives from the public domain or was created from scratch by the individual uploader. Much of it, however, appropriates copyrighted material.Trending Stories
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