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Global Printers Alter Industry
Lawyers today still can spend as many hours at financial printers' offices as they did 15 years ago. But just as electronic filings ended those "mad dashes" by lawyers to Washington, D.C., to meet the Securities and Exchange Commission's 5:30 p.m. deadline, lawyers' dealings with the printing industry have changed, too. The industry now is dominated by "global" printers, which offer a new array of services.Richbell Information Services Inc., plaintiffs v. Jupiter Partners L.P., defendants
Malaysian Law Construed to Require Alleged Ponzi Scheme Operator�s Disclosure of Job, BusinessNY's Family Courts Struggle With Budget Reductions
Budget cuts have made this "the saddest and most professionally challenging season of my career," New York City Family Court Administrative Judge Edwina G. Richardson-Mendelson said Wednesday evening.There was a long line outside Judge Jed Rakoff's courtroom to see the Monday afternoon showdown between Ted Wells and David Boies. The two stars, featuring contrasting styles, did not disappoint.
Lawyers for both the SEC and Citigroup tried to convince a Second Circuit panel on Friday that Judge Jed Rakoff erred in rejecting a $285 million settlement between the agency and the bank. But a lawyer appointed by the court to argue for Rakoff maintained that the judge simply wanted more facts in order to evaluate the settlement.
If we keep going at this rate, there soon won't be a prominent securities litigator in New York who's not involved in a suit challenging the bond insurer's restructuring. The banks' suit--the third in as many months against MBIA--is led by Sullivan & Cromwell, but S&C is not alone on the complaint. Not by a long shot.
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