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In what's probably the last gasp of the analyst conflict-of-interest litigation, the appellate judges agreed with the SEC that mutual fund disclosure obligations shouldn't be broadened beyond what the law already delineates. Plus: Don't say Chinese Wall in the Second Circuit.
For their closings in the AIG-Greenberg trial, David Boies and Ted Wells appeared to stick to the style and substance of their openings from three weeks ago.
Will Morgan Fallout Affect Davis Polk?
Now that the Christian Curry scandal at Morgan Stanley Dean Witter & Co. has claimed the firm's top legal officer and one of her senior legal advisors, there is speculation as to how fallout over the matter will affect the company's relationship with Davis Polk & Wardwell, one of its primary outside counsel.Law Firms Line Up to Represent Candidates
Lawyers and law firms are jumping into the 2008 presidential election, a race that is expected to be expensive and inundated with regulatory compliance issues. In the past few months, presidential candidates have retained lawyers as general counsel to their campaigns. Other lawyers have signed up as campaign advisers, fund-raisers or volunteers. Meanwhile, some new firms are starting election law practices with recent hires from the Federal Election Commission.Computer Chip Maker Agrees to Pay $8M
ATI Technologies Inc., a Canadian manufacturer of computer graphics chips, has agreed to pay $8 million to settle a federal class action securities suit that accuses company executives of misleading investors with falsely optimistic sales projections in order to inflate stock prices prior to a major acquisition. If the settlement is approved by the court, the plaintiffs' lawyers will be asking for a fee award of $2.6 million.Trending Stories
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