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ABA seeks to shore up waning membership
Incoming American Bar Association President Carolyn Lamm was so concerned about shoring up the organization's membership and appealing to a broader audience that she started pitching in this year before the beginning of her term. ABA membership isn't growing at the same rate as the profession, said Lamm, a partner in the Washington office of White Case.ABA Plans for Litigation Over FTC Rules on Identity Theft
The president of the American Bar Association said Wednesday the group may file a suit by the end of next week if it cannot persuade the Federal Trade Commission to exempt lawyers from new regulations set to take effect Aug. 1. The ABA has been lobbying for months to have lawyers kept out of the regulations, which require businesses and organizations that act as "creditors" to establish a program for preventing identity theft. The FTC and the ABA differ on how much of a burden the regulations would put on businesses.Hunton lawyers juggle bankruptcy deals
Mark I. Duedall compares distressed asset deals to "a warehouse full of bananas."That's a reference to how quickly the value of a financially troubled company can spoil as key employees leave, business declines and suppliers demand cash as the company attempts to get its affairs together, regardless if it is in bankruptcy protection.The Bankruptcy Files: Municipalities, Shippers, and Irish Ex-Billionaires
Jamie Goodman first filed her case as a class action, making some eyebrow-raising allegations about Merrill's training and bonus programs. The confidential settlement, however, addresses only her claims.
American Bar Association president H. Thomas "Tommy" Wells Jr. stopped by Dallas on April 7 to make the introductory remarks at a Southern Methodist University Dedman School of Law-sponsored seminar titled "Justice for All? Perception of Racial and Ethnic Bias in Our Courts."
The graveyard of auction-rate securities claims against Merrill Lynch got a bit more crowded this week, with two decisions in the space of two days dismissing suits by ARS investors. And judging by an appellate ruling that Foley & Lardner won Tuesday in one of the cases, most Merrill ARS claims are going to stay buried for good.
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