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BigLaw Firm Wins Bid to Squelch Suit Against It Over Ex-Client's Collapse
Summary Bench Trial: Overlooked, Efficient Resolution
Gerry Silver, a partner at Winston & Strawn, writes that while particularly useful when the parties cross-move for summary judgment, parties may agree to a Summary Bench Trial even when the parties believe there are issues of fact.Section 10(b) and Extraterritorial Criminal Conduct
In their Second Circuit Review, Paul, Weiss, Rifkind, Wharton & Garrison partners Martin Flumenbaum and Brad S. Karp analyze 'United States v. Vilar,' in which the court, addressing an issue left unsettled following the Supreme Court's 2010 decision in 'Morrison v. National Australia Bank,' considered whether criminal liability under Section 10(b) of the Securities Exchange Act of 1934 applies to the purchase and sale of securities outside of the United States.Associates React to Jones Day and Weil Gotshal Salary Raises
Jones Day and Weil, Gotshal & Manges have joined the list of law firms paying California first-year associates $160,000 rather than the $145,000 embraced by most homegrown firms. And now California's associate messageboards are crammed with anonymous young lawyers carping about their firms' failure to match the higher New York scale. But many associates accept the idea that New York and California are distinct markets -- and some would like to keep it that way.DLA Piper is not alone: Why law firms overbill
Some mornings are just nice to wake up to. Confirmation of bias is an underappreciated source of joy. I relish any piece of information that reinforces my preconceptions. Four stories making the rounds have reminded me how right I am that:The Recent School Shootings: Are Video Game Manufacturers Liable?
Plaintiffs in a tort lawsuit against video game manufacturers have two major hurdles to clear to establish their liability for last year's school shooting in Paducah, Kentucky: (1) proving that it was foreseeable that playing video games would lead to violent conduct, and (2) surviving First Amendment challenges. This article offers a preview of the likely expert testimony on both sides of this fascinating case.Will Glass-Steagall Really Fall?
As the House began debating a bill on July 1 to modernize the financial services industry, it appeared that Congress, weary of 20 years of failure, was moving to allow banks, securities firms and insurance companies to merge with one another. The Senate approved similar legislation on May 6. Assuming that, as expected, the House does the same by July 2, it will be the first time that both chambers voted to break down the walls of the 1933 Glass-Steagall Act.But the ruling wasn't all good news for Samsung. San Jose federal district court judge Lucy Koh found that Apple was likely to prove at trial that Samsung infringed three iPhone patents. Still, she refused to issue an injunction because Apple hadn't shown that it would lose market share, customers or goodwill absent the injunction. The judge also questioned the validity of an iPad patent.
Shareholders' lawyers will get to see whatever the bank has turned over to Congress, the SEC, the New York attorney general, and other investigators--including, most likely, the communications between BofA and its lawyers that have already been turned over to the government.
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