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The Dallas federal judge overseeing the R. Allen Stanford receivership shot down an attempt by a group of investors represented by Gaytri Katchroo to intervene in the case, rejecting claims that lawyers on an official investors committee were more interested in generating fees than producing results.
Group Mentality: Lawyers Are Moving to New Firms En Masse
As the legal market undergoes a tectonic shift, with law firm mergers up 34 percent last year over 2003, one reverberation is an apparent surge in firms picking off clusters of attorneys from rival practices. But this cherry-picking strategy offers its own challenges, relating not only to firms that take in new groups but also to firms left behind. More cherry-picking, says one recruiter, is a result of disquiet in the market, where attorneys' loyalty to their firms is diminishing.Candidates Sought for Pro Bono Award
From helping Guantanamo Bay detainees to literacy programs to homeless shelters, the winners of the bar association's annual Pro Bono Award have helped people throughout society. The nominating period for this year's candidates is open until Friday.Just in time to mark Bernie Madoff's first anniversary as top Ponzi villain, the Securities and Exchange Commission moved Monday to dismiss a suit by investors who want to hold the agency accountable for failing to uncover Madoff's scheme more quickly.
Justices Re-evaluate Restrictions on Wearing Down Suspects To Confess
Reviewing the case of a 12-hour interrogation that adduced a murder confession, the New Jersey Supreme Court is being asked to hone the standards that police must follow in detaining and questioning suspects.This Week's Winner's and Losers
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