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U.S. District Judge Harold Baer reversed a prior ruling in light of NECA v. Goldman Sachs, an influential ruling on standing from the Second Circuit.
This securities class action generated plenty of fireworks over the years, including an important ruling from the Second Circuit on collective scienter, a nasty fight among the lawyers involving allegations of fraud on the court, and a judicial lecture on diversity at law firms.
Blackmail Threatened Attorney's 'Property,' Circuit Concludes
An attorney's ability to offer "sound legal advice" is a property right that can support a charge of extortion if it is taken away from him, the Second Circuit has ruled in upholding the conviction of businessman Giridhar Sekhar for threatening to spread rumors about an ex-general counsel for the New York State Comptroller's Office who made a negative recommendation about Sekhar's company.USDA Slapped With Discrimination Cases
Andrew [email protected] YORK-Tex Hall says his father told him, Son, don't ever take a loan out with the USDA. A third-generation cattle rancher and a member of North Dakota's Mandan, Hidatsa Arikara Nation, Hall's father, Leland, was convinced that the U.S. Department of Agriculture was discriminating against him because he was not white.BofA Avoids Successor Liability in Countrywide Case
Back in November, Bank of America Chief Executive Officer Brian Moynihan told investors at a conference: "At the end of the day, we'll pay for the things that Countrywide did."Trending Stories
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