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Directors' And Officers' Liability
Joseph M. McLaughlin, a partner at Simpson Thacher & Bartlett, writes that The subprime mortgage crisis has escalated into widespread and fast-evolving litigation and regulatory exposure for a host of participants in global financial markets. The magnitude of the problem has occasioned a startlingly swift legislative proposal that would significantly affect the origination and securitization of residential mortgage loans.No more gran torinos for states losing $3.5 billion in revenues for Hollywood movie making
Incentives for Hollywood have been scaled back in Wisconsin, capped in Rhode Island, suspended in New Jersey, Iowa and Kansas and scheduled to expire in Arizona. While states continue to expand and introduce subsidies, programs around the country face allegations of corruption, doubts about job-creating power and, most of all, questions about affordability.Manhattan federal district court judge Jed Rakoff has been stewing for years over the SEC's approach to settlements with alleged Wall Street malefactors. In his ruling Monday rejecting the agency's settlement with Citigroup over is marketing of an ill-fated CDO, the judge finally boiled over.
Five Questions: Levine, Blaszak, Block & Boothby
Levine, Blaszak, Block & Boothby is a 16-lawyer boutique specializing in the representation of large users of telecom and network-related services. LB3 was founded 10 years ago in the District by three lawyers from the D.C. office of Morrison & Foerster Henry Levine, Ellen Block, and Debra Lagapa (since retired). They were soon joined by Colleen Boothby and James Blaszak.Cite as: In re Lehman Brothers Holdings Inc., et al., 08-13555 (JMP), NYLJ 1202483178997, at *1 (SDNY, Decided February 22, 2011)Bankruptcy Judge James M. Peck
Cite as: In Re: Enron Creditors Recovery Corp. v. Alfa, 09-5122-bk(L), NYLJ 1202499017169, at *1 (2d Cir., Decided June 28, 2011)Before: Walker, Cabranes, C.JJ.
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