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Highland Capital Management LP, respondent v. Schneider, appellant
New York High Court Must Decide if Promissory Notes Are �Securities� Under State�s UCC �8-102(15)Which State's Law Will Apply in Ramsey Libel Case?
Before a federal court in Georgia decides if John and Patsy Ramsey's defamation case can proceed against Court TV, it must decide which state's law will apply. The Ramseys are accusing Court TV of falsely identifying JonBen�t Ramsey's brother as a one-time suspect in the murder case. During a hearing Wednesday, the Ramseys argued that Georgia law should apply, while Court TV contended that New York law is more appropriate.Want to Recover the Cost of Fighting D&O Suits? Court Says to Name Names
U.S. Court of Appeals for the 1st Circuit rules that companies cannot recover the cost of fighting lawsuits or administrative cases alleging wrongful director or officer conduct unless the cases name the individuals as parties.Many Flip for Get-Rich Ad; Now, Firm's Founder Is in Trouble
Last year, an Atlanta real estate investment firm launched a $2.5 million ad campaign soliciting readers of national publications to become partners in a venture guaranteeing a 25 percent return and your money back within 45 days. The company proposed to buy discounted properties, renovate and flip them, and split profits with investors. But SEC lawyers say Pinnacle Development Partners was a classic pyramid scheme. Pinnacle's founder has been indicted on multiple counts of mail fraud and wire fraud.Fitzgerald Leads Legion of Lawyers to Libby Indictment
Patrick Fitzgerald has been the face of the highly publicized probe that culminated Friday with the indictment of I. Lewis "Scooter" Libby, but he's relied upon a small army of prosecutors from Washington and Chicago with an array of backgrounds and varying degrees of experience. Among his team are prosecutors who convicted a deadly crew of drug dealers; helped nab high-profile spies; took on a Chicago mobster; and helped disband a ring of exotic animal poachers.$281 Million Rides on Judges' View of Turner Broadcasting Deal
A Georgia appeals court considered on Tuesday whether a sports deal worth hundreds of millions of dollars could have been sealed without the parties signing on the dotted line. At issue is Turner Broadcasting System's sale of the Atlanta Hawks and the Atlanta Thrashers.King & Spalding Ups Ante to Match Alston's Pay for First-Years
King & Spalding matched Alston & Bird's $15,000 increase in associate starting pay Wednesday, but made no mention of pay increases for senior associate classes. The raise brings first-year partner-track associates to $145,000, effective Jan. 1. Recruiters predict King & Spalding will go on to establish a pay scale with less compression or a more merit-based system, where pay for more senior associates is tied to performance. Another option, said one: Pay bigger bonuses to midlevel and senior associates.Jury: CNN Didn't Discriminate by Not Renewing Contract
A federal jury in Atlanta has determined that CNN did not engage in either race or age discrimination when it declined in 2003 to renew the contract of a CNN International roaming anchor. The jury said in post-trial interviews that they found virtually no evidence to suggest that former anchor Marina Kolbe had been let go in order to replace her with younger or minority on-air talent. The jury expressed sympathy for Kolbe, though, with the forewoman saying, "There was no question they [CNN] did her wrong."Trending Stories
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