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Lawyer-Palooza Participant Knows Law Is a 'Jealous Mistress'
Attorney Michael A. Melonakos will be participating with his band, Mikey Mel & the JDs, in Atlanta's first Lawyer-Palooza, a battle of the bands fundraiser. Melonakos says of balancing musical interests and law practice, "The law is a jealous mistress and right now, she is winning."In and Out: The Challenge of Associate Retention
Firms sink a lot of time and money into recruiting candidates with just the right mix of grades, gumption and personality. But what happens then? A lot of them leave. According to a recent study, about eight percent of associates left during their first year of employment; cumulative losses reach 38 percent by the third year, and nearly 60 percent by the fifth year.BellSouth Settles Fraud Claims for $35 Million
BellSouth Corp. has agreed to settle a consolidated class action securities fraud suit for $35 million, according to federal court pleadings. In doing so, the telecommunications company has admitted no wrongdoing in the case, which originally accused company executives of artificially inflating stock prices and then selling their own holdings, leaving unwitting stockholders with greatly devalued shares. U.S. District Court Judge William C. Duffey Jr. signed off on the preliminary agreement on Sept. 28.Man Gets $1M for Blowing the Whistle on Medical Billings
A former medical practice administrator will collect more than $1 million in whistleblower fees after helping the federal government recover almost $3.8 million in billings to Medicare and Medicaid that court papers described as fraudulent. The Resurgens Surgery Center has agreed to repay the government $2.5 million in fees it had collected. Whistleblower Robert J. Allen will receive 28 percent of the recovered federal funds and an additional $225,000 in legal fees for his role.Cox at SEC Helm Would Stay Course, Experts Say
Regulatory and legislative observers say President Bush's choice of Rep. Christopher Cox to lead the Securities and Exchange Commission will buoy Wall Street, but they also say he is unlikely to make major changes to controversial reforms implemented by his predecessor, William Donaldson. "Cox has a moderate anti-regulatory, pro-business track record," said James Hedges, founder and president of investment adviser LJH Global Investments LLC.Trending Stories
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