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From the 150 biggest players in the Washington legal market, ranked by head count.More than 1,000 African-American financial advisers and trainees don't have enough in common to be certified as a discrimination class, according to a Chicago federal judge.
In re Federal-Mogul Global, Inc.
Where the unendorsed check was delivered to the payee's depository bank for collection, with which it had a lock-box arrangement, the depository bank became a holder and was entitled to enforce the check, and the check was properly payable when presented to the drawee bank, which was entitled to charge the account of the drawer, notwithstanding the depository bank's failure to credit the correct account; the drawee bank had no liability for paying the check and its motion for summary judgment is granted.Jones Day Demotes 5 London Partners
Jones Day has demoted a number of London partners over the last year, with five former partners now serving as of counsel at the firm. The demotions, first reported on legal blog RollOnFriday, equate to nearly 10 percent of the firm's London partnership, which currently lists 48 partners on its Web site. News of the role changes follows a number of lateral partner moves over the course of the year, with the London office losing one partner and gaining two in recent months.It's always foolish to read too much into the questions that judges pose during appellate oral arguments. But if we were among the lawyers challenging Bank of America's $8.5 billion proposed settlement with mortgage-backed securities investors, we'd be feeling a little nervous after arguments on Wednesday before the U.S. Court of Appeals for the Second Circuit.
David Grais and other lawyers representing mortgage-backed securities investor groups say new details about how the gigantic settlement was negotiated "raise more questions than they answer."
The Eleventh Circuit handed the tobacco industry its latest setback on Friday in the crush of cases spawned by Engle v. Liggett Group, making the chances for a Supreme Court intervention look even slimmer.
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