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Will New AG Gonzales be the Naked-Statue Sort?
Concerns about terrorism, law enforcement, and politics aside, this is what people really want to know about the new attorney general, Alberto Gonzales: Is he going to take those curtains down? For three years, a pair of partially nude statues in the Great Hall of the Justice Department have remained hidden behind blue curtains, courtesy of Gonzales' predecessor, John Ashcroft, who felt that the statues were too risqu�.Comey Designates Several Key Deputies
ACTING U.S. Attorney for the Southern District James B. Comey continues to assemble his staff.Clifford Chance Turns to Partner From London To Halt U.S. Slide
Just When You Thought It Was Safe. . .
While the English have continued to hire American lawyers in both London and New York--particularly securities and project finance specialists--they haven't stolen a noticeable slice of American firms' securities pie, let alone eaten their lunch. But are the Brits content to nibble away at the margins, or will they claim a bigger market share now that they have heavily recruited U.S. law teams.3rd Circuit Rejects Black Smokers' Civil Rights Suit Against Big Tobacco
Big Tobacco scored another significant win Thursday when a divided 3rd U.S. Circuit Court of Appeals court refused to revive a proposed class action civil rights suit brought by African-American smokers who say they were targeted in an aggressive marketing campaign. In Brown v. Philip Morris, the smokers claimed they were never warned of the increased health risks of mentholated cigarettes.Aurelius Capital Partners tried a new tack in its second attempt to get its hands on hundreds of millions of dollars belonging to the Republic of Argentina's recently-nationalized pension fund. But the hedge fund still failed.
Paper Company Settlement Approved, But Fees Slashed
A Delaware judge approved Smurfit-Stone Container Corp.'s settlement of shareholders' lawsuits over the $5.8 billion acquisition that created the U.S.'s fourth-largest paper company last year, but slashed $550,000 out of the fee shareholder's lawyers were slated to get as part of the settlement. The judge refused to approve that fee award, saying the case was too weak to justify that amount. He added that the settlement's terms were "fair, reasonable, adequate and in the best interest of (shareholders)."The judge leapt at the opportunity to weigh in on Twombly pleading standards, taking less than four weeks to write an opinion that accepted an interlocutory appeal and--without merits briefing or oral argument--concluded the trial court could give a lot of leeway to plaintiffs alleging a price-fixing conspiracy.
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