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It was inevitable that the collapse of the $300 billion auction-rate securities market in 2008 would trigger securities litigation. But the ARS freeze also spawned a massive antitrust case, after a trio of plaintiffs firms cooked up a theory that the market's demise was triggered by an illegal boycott on the part of major banks.
Bingham McCutchen Builds on Merger Strategy
A series of mergers have brought Bingham McCutchen geographic diversity, a smart blend of practices and a seemingly unquenchable thirst for more. The firm seems blessedly free of some illusions: It's not Cravath, Swaine & Moore and doesn't aim to be. But its partners, and especially its leader, are determined to keep climbing the ladder. The goal, in Chairman Jay Zimmerman's words: "To become the best national firm in five to seven years." If they don't get there, it won't be for lack of trying.Gotay, plaintiff-respondent-appellant, v. Breitbart, defendant-respondent
Firm That Did Not Clearly Sever Client Relationship Cannot Invoke Limits Period to Bar Malpractice SuitAmerican Airlines and U.S. Airways may be close to gaining a powerful new ally in their antitrust war against online ticketing companies.
Career Prosecutor Called a Natural for Deputy AG Job
The announcement came late Friday afternoon, and it surprised few people: "The president intends to nominate James B. Comey, of New York, to be deputy attorney general at the Department of Justice." Currently U.S. attorney for the Southern District of New York, 42-year-old James Comey Jr. had been the popular favorite to fill the role left vacant by Larry Thompson's August departure, described by one former top-ranking DOJ official as "the obvious choice."Trending Stories
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