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Products Liability: The Economic Loss Doctrine
Under the economic loss doctrine, when an allegedly defective product causes solely economic loss or lost "benefit of the bargain," there can be no recovery in tort. However, recent decisions demonstrate that courts can have difficulty applying the doctrine, J. Russell Jackson writes. Russell analyzes these recent rulings, which reflect a spirited debate about the fundamental purposes underlying products liability and implicate important public policies at the intersection of tort law and contract.Learning on the Job in Silicon Alley
Register.com general counsel Jack Levy is learning on the job as he oversees the legal affairs of the world's second-largest registrar of Internet domain names. Having come to Silicon Alley from a Wall Street law firm, Levy confesses that he is probably "one of the least computer-savvy people at the company," and says he does his best to "keep the educational process going."Trying To Make Deferrals Into Something Positive
The lobby of the New Jersey Performing Arts Center was buzzing with young attorneys and 3Ls looking for public-interest law opportunities, and with public-interest organizations looking to hire them for the short term — and for free.Law School to Simulate Big-Firm Environment
Starting next year, the University of Detroit Mercy School of Law will call on all third-year students to participate in its new Law Firm Program, a series of courses that simulates big-firm lawyering. "It's a blend of academics and practice," says Baker & McKenzie partner Craig Roeder, who served on the advisory board to revise the school's curriculum. The courses are a response to criticism from the legal profession directed at law schools generally that graduates are not ready to practice law.Survey Shows Recession's Impact on Minority Associates
Recession or no recession, many top in-house lawyers continue to care deeply about diversity. Indeed, they worry that the recent downturn is hitting minority associates especially hard, threatening the limited advances that law firms have managed to make. This year's Minority Experience Study, which set out to measure the recession's impact on midlevel associates of various racial groups, shows there's definite cause for concern.The Medical Society of New Jersey v. Bakke et al
The Medical Society has standing to challenge the Commissioner of Banking and Insurance's approval of the acquisition of one health-care insurance provider by another, but is only entitled to appellate review of the decision, not a trial de novo in the Law Division.IT Software Company Goes Private
Wilson Sonsini partner John Fore represented Serena Software Inc. in its $1.2 billion acquisition by private equity firm Silver Lake Partners. Nokia Deal Takes Aim at BlackBerryDozens of lawyers were involved in cell phone provider Nokia Corp.'s $430 million acquisition of Intellisync Corp.Trending Stories
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