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Zynga's big bet will be a cash cow for lawyers
Zynga Inc. is thinking about making a big bet on gambling, a step that analysts say could help end its dependence on Facebook Inc.It certainly won't end its dependence on legal counsel.The technology may be simple, but lawyers say the company probably isn't prepared for the intricate maze of regulations it will have to navigate to cash in on the action.Cities Can't Regulate State-Owned Cell Towers
The presence of equipment from commercial telecommunication providers on a state-owned cell tower does not subject the tower to local zoning regulations, a state appellate court has ruled. The ruling by the Appellate Division, 2nd Department, the first of its kind in New York, came in a case in which New Rochelle sought to apply its zoning regulations to a state-owned property where two towers were being built.Tax Lawyer's Fraud Conviction Flipped
Lawyers for Connecticut tax attorney Daniel E. Carpenter and his beleaguered company, Benistar Corp., received two pieces of good news on the same day last month.The Churn: Lateral Moves and Promotions in The Am Law 200
Ogletree, Deakins launches a new office in Stamford, Connecticut; McDermott adds two tax litigation attorneys in Chicago; and Proskauer brings on three partners and a special counsel in London. The Churn is constant. Please send all announcements to [email protected].Bank Settles Bond Insurer's Suit With $375 Million Cash Payment
Bank of America agreed to make a one-time cash payment to Syncora Guarantee Inc. to settle Syncora's claims that Countrywide Financial Corporation, which BofA acquired in 2008, duped it into insuring toxic residential mortgage-backed securities.Leibowitz, a Consumer Champion, Leaving the FTC
After a four-year tenure marked by an increased focus on privacy and aggressive consumer protection, Federal Trade Commission Chairman Jon Leibowitz announced that he is stepping down on February 15.2nd Circuit Upholds "No Lawyer" Rule After Defendant's TKO
The 2nd U.S. Circuit Court of Appeals has ruled it will not second-guess New York state court judges when they require criminal defendants who have attacked their attorneys to proceed without a lawyer. The unanimous decision left intact a 4- to- 12-year sentence imposed upon a defendant who was left without counsel after he had punched his attorney and punctured the lawyer's eardrum.FTC Set to Launch Extensive Inquiry Into Patent Trolls
The Federal Trade Commission will launch an extensive inquiry into so-called patent assertion entities, taking a close look at firms that base their business on accumulating and asserting patents, Chairwoman Edith Ramirez announced June 20 in a speech in Washington.Trending Stories
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