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U.S. District Judge James Gwin in Cleveland finally issued a decision over the weekend in an Ohio county prosecutor's case against MERS and a gaggle of big banks. But it wasn't the ruling the defendants had been waiting for.
Corporate Disputes Dominate the Docket as a New Justice Joins the Court
The Supreme Court's business-heavy docket this term seems almost tailor-made to engage and challenge its newest member, Justice Sonia Sotomayor. A one-time intellectual property litigator and a veteran judge from the 2nd Circuit, Sotomayor is unlikely to hesitate to jump into the mix on corporate issues. In fact, during a special Sept. 9 reargument of a campaign finance case, Sotomayor made a comment that has some wondering if she has a re-examination of the foundations of corporate law on her to-do list.Departures Leave D.C. Firm in Taxing Situation
An exodus of sorts is taking place at Miller & Chevalier, one that has the 100-lawyer Washington, D.C., firm taking a hard look at its future. Known primarily as a tax boutique, the firm has seen roughly 15 partners sprint away in the past 12 months, including a virtual meltdown of its international trade practice. "We still have a center of lawyers that you must have to build a law firm around," says managing partner Marianna Dyson. "But we know we're a David in a field of Goliaths."Manhattan federal district court judge William Pauley III ruled that the proposed settlement is a "mass action" under the Class Action Fairness Act, which needs to be heard in federal court. This ruling upends the carefully laid plans of Bank of America's lawyers at Wachtell, Lipton, Rosen & Katz.
On the Record With Walter Bardenwerper, GC of Watson Wyatt
Walter Bardenwerper is GC of Watson Wyatt, a global human capital and financial management consulting firm based in Arlington, Va., with a business history going back to the 19th century. The firm specializes in employee benefits, technology and insurance and financial services, and has offices in 32 countries. For Bardenwerper, one of the true delights of being an in-house attorney "is the opportunity to work with wonderful people at some of the best law firms in the world."The plaintiffs--including state, local and municipal government entities--claim that Wall Street banks and other investment firms conspired to rig bids and fix the price of municipal derivatives.
Congress Examines Judge Recusals
The House Judiciary Committee is considering changing disqualification rules for the federal judiciary.Trending Stories
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