0 results for 'Reed Smith'
Lender, Brokers Are Sued Over Subprime Crunch
Homeowners squeezed by the subprime mortgage crisis are turning up in New Jersey's federal court, where a half-dozen suits accuse lenders and mortgage brokers of promising favorable terms and then substituting costlier ones, which violates the federal Truth in Lending Act, as well as state and common law. A handful of similar suits have made headlines around the country. One blogger notes that if TILA suits succeed, then subprime mortgage investors could face trouble based on the law's rescission remedy.$37.4 million in damages ordered against Cartier supplier
Swiss jewelers Cartier and Van Cleef & Arpels have won a $37.4 million federal court judgment against a New York supplier of knockoff rings, bracelets and other luxury items - thanks to the defendant's failure to answer.Judicial Bias Claims Reach Calif. High Court
Attorneys arguing that California prosecutors routinely excluded Jews from death penalty juries have been asked a tricky question: Does it matter if the court record doesn't establish that any of the excused jurors were actually Jewish? The justices of the California Supreme Court posed that question in a habeas case last month, and they're going to want answers during oral arguments Wednesday. It's a new wrinkle in a case that has fascinated the legal community since 2004.Hogan and Lovells partners approve merger
Partners at Hogan & Hartson and Lovells signed off on their megamerger in separate votes that ended at midnight on Monday. The move is one of the last big hurdles before the two firms officially set up shop, which is planned for May 1.U.S. Firms in London Say They're More Merger-Minded
Legal Week's annual survey of U.S. firms in London reveals that 47 percent of respondents would consider a merger with a U.K. firm, up from 39 percent last year and just 29 percent in 2005. The trend may signal that firms realize how hard it is to grow organically in the London legal market, which by some measures is now the most costly in which to operate worldwide. Putting additional pressure on U.S. firms: the weak dollar and the related disadvantage in attracting heavy-hitting London partners.Trending Stories
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