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The defense bar is talking about the implications of the SEC's Nature's Sunshine settlement, in which two officials were accused of responsibility for corporate bribery because they "controlled" the business. No surprise here: Defense lawyers aren't happy about the widening net of liability.
Last Stop for Detainee Cases May Be High Court
The most recent battle in the Guantanamo Bay prisoner controversy is over the Military Commissions Act, signed by the president just six weeks ago. A key piece of that law prevents those designated "enemy combatants" from challenging their detention in federal court. But the constitutionality of that provision is under consideration by two appellate courts, and lawyers for both the detainees and the Bush administration say it is likely the Supreme Court will again step in to decide the matter.N.Y. Prosecutor Pulled No Punches During Astor Trial
By all accounts, Joel J. Seidemann, the veteran litigator who closed the case against Brooke Astor's son Anthony D. Marshall and lawyer Francis X. Morrissey, is pugnacious, unrelenting and highly effective.Cite as: Ableco Fin. LLC v. Hilson, 4159 650618/09, NYLJ 1202480082952, at *1 (App. Div. 1st, Decided February 1, 2011)Before: Andrias, J.P., Sweeny, Moskowitz,
This week hasn't been as dreadful as the last for the plaintiffs bar (although it hasn't been great, either). Meanwhile, the cascade of recent subprime-related dismissal rulings has revealed some important trends in how the litigation is going to proceed.
The Supreme Court's Janus ruling didn't close the door to investors suing entities that didn't issue the securities they bought, according to Manhattan federal district court judge John Koetl. In a case brought by investors in EnergySolutions, he held that plaintiffs could bring Section 10(b) claims against the issuer's parent company, citing the parent's control over the issuer.
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