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One of the bank's biggest issues from a securities litigation standpoint will be disclosure. In its most recent SEC quarterly filing, made just last Friday, JPMorgan soothingly assures investors that it takes a "holistic approach" to risk management. Is this consistent with a system where--in Dimon's words--an "egregious" trade happened because it was "poorly monitored" and "poorly reviewed"?
When regulators are forced to defend an outcome as soon as it's announced, and when your client's detractors are fuming with anger, you know you've done something right.
A coalition of technology companies led by Android developer Google Inc. publicly stepped up to back Samsung Electronics at the Federal Circuit.
The courts have largely ground to a halt for the holidays, though there's still time for few more decisions in 2012 that could ensure a happy or gloomy New Year for the litigators involved. In the meantime, here are some of the biggest rulings we're looking forward to in 2013.
Federal Circuit Chief to Preside in Some Eastern District Cases
Federal Circuit U.S. Court of Appeals Judge Randall Rader will get down into the trenches in Marshall ? the nation's patent litigation hot spot ? when he presides over five cases set for trial in April in a district that is often at odds with the appellate court.Washington Catches the Associate-Raise Fever
O'Melveny & Myers said Thursday it would increase its first-year associate salaries in Washington, D.C., to $145,000 -- and in turn threw down a challenge to D.C.-based firms, saying the market for talent had changed. Following that announcement, Hogan & Hartson almost immediately said it was matching the number. The latest raises come on the heels of a flurry of pay increases during the past few days in other key legal markets.MBIA may have landed a major blow in its multi-round fight with Bank of America, but neither side is about to go down for the count.
Where Have All the Securities Class Actions Gone?
Securities class actions are on the wane. For decades, the cases kept coming, and corporate America fought them hard. But last year, plaintiffs filings were down nearly 40 percent from the previous year, and the downward trend is expected to continue. While this is a fantasy-come-true for corporate America, it's something very different for corporate defense firms. Most defense lawyers feign indifference and say that other matters are keeping them busy -- but are they whistling past the graveyard?Fifteen banks asked the Second Circuit to intervene in their mammoth legal battle with the Federal Finance Housing Agency, the conservator for Fannie Mae and Freddie Mac, arguing that U.S. District Judge Denise Cote is unfairly determined to cripple their defense.
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