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Justice Department Finds No Softy in American Airlines
Still in the midst of a high-profile battle with Microsoft Corp., the U.S. Justice Department now faces another battle with American Airlines. After the government filed the high profile suit accusing the company of predatory pricing practices, Anne McNamara, the company's top inside lawyer, quickly responded: "We think the law is on our side." It's hardly a surprising posture at the outset of what could be a seminal antitrust showdown according to antitrust specialists.Ending months of speculation, U.S. District Judge Jed Rakoff in Manhattan has become the latest judge to side with bond insurers on a crucial issue in a crush of mortgage repurchase suits against banks that issued toxic mortgage-backed securities.
PricewaterhouseCoopers Pays $87.5 Mil. Settlement
PricewaterhouseCoopers has paid $87.5 million to settle a negligent misrepresentation claim involving more than $1 billion in loan losses. The settlement with an international syndicate of 90 lenders was confidential, but details were revealed in a recent Fulton County, Ga., State Court filing.Lanier Firm Looking to London in 2010
Houston's Lanier Law Firm is bullish on international arbitration work, particularly because the plaintiffs firm sees an advantage to handling it on contingency. The 40-lawyer firm announced that Los Angeles office managing partner Dana Taschner, along with founder Mark Lanier, would lead the four-attorney group, and that the firm plans to open a London office in 2010. Taschner acknowledged that handling arbitration on contingency is a risky way to go, but at least it keeps competition minimal.Out With the Old, In With the New
Texas Lawyer invited attorneys to share their New Year's resolutions. Their emailed 2012 resolutions include goals such as getting to work earlier, going to trial at least once during the year and relying less on email when communicating with clients. These goals for the coming year, and many others, are listed below, edited for length and style.Trending Stories
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