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New Spitzer Biography Reveals 'Crusading Good Kid' With a Dark Side
Thanks to Eliot Spitzer's highly publicized attacks on fraud in the financial services industry, he's arguably the most famous New York-based prosecutor since Thomas Dewey. And he's the overwhelming favorite to win the Democratic nomination for New York governor. Attorney Michael Stern reviews a new Spitzer biography, "Spoiling for a Fight," by Brooke A. Masters, noting "there's a dark side to Eliot Spitzer the crusading Good Kid, of course, and Masters is scrupulous in painting that portrait as well."The bond insurer MBIA Inc., which nearly went broke insuring mortgage-backed securities underwritten by Countrywide Financial Corporation, scored a big win on Tuesday in its effort to wrest back $1.4 billion from Bank of America.
Progress Proves Elusive for Diversity in the Legal Profession
Five years ago, Roderick Palmore wrote "A Call to Action" -- a pledge signed by GCs at some of the country's largest corporations to make diversity a major consideration in their selection of outside counsel. Diversity efforts across the legal profession mushroomed, but real progress has been painfully slow. A sample of diversity advocates, law firm partners, GCs and law school leaders generally agree that the legal profession needs to make deeper, more collective changes to jump-start the stalled diversity movement.Separation of Powers Defines Latest School Funding Case
Litigators Won't Rule in the Valley
In the Silicon Valley, the top firm lawyers are not necessarily litigators, and the peers of corporate counsel are not other top lawyers. They are venture capitalists and market watchers who point the way to the next waves of success. The winners among Valley law firms will be those constantly at work cultivating the garden, not those simply plucking ripe fruit from the tree.Lippman Names 28 to Task Force to Expand Access to Legal Services
Quinn Emanuel Urquhart & Sullivan breached one more line of defense this week in the Federal Housing Finance Agency's campaign against the banks at the heart of the subprime crisis.
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