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Historically, only hedge funds that turned out to be Ponzi schemes had to worry much about the agency coming after them. But with its suit against Southridge Capital, the SEC is taking a hard, new look at hedge fund operating procedures.
C-SPAN Hopes Supreme Court Is Ready for its Close-Up
After open proceedings in the lower courts, the fate of the Florida recount will vanish within the Supreme Court's marble bunker -- shielded from direct inspection by all but the few able to get a seat inside the courtroom. But when the Bush campaign appealed to the high court, C-SPAN asked for permission to cover any hearings that might result. "The public interest in the Court and its role in our government would likely never be higher," C-SPAN Chairman Brian Lamb wrote.Panel Overturns Legal Fee Award in Medicaid Case
For the second time in five years, the Third Department has overturned an order awarding $100,000 in counsel fees in a case where the state Health Department had directed the community spouse of a Medicaid patient to invest in an annuity.Ever heard of a $1.67 billion word-processing mistake? That was the scenario facing Verizon in a class action that survived Covington's motion to dismiss. But then the judge heard from the in-house lawyer who drafted the ERISA contract.
Clifford Chance Turns to Partner From London to Halt U.S. Slide
During the past five years, Clifford Chance, one of the world's largest law firms, has endured dozens of high-profile partner departures and a messy West Coast retreat. It was against this backdrop that global managing partner Peter Cornell relocated last month to New York, where he has swiftly made his presence felt. Cornell projects confidence and an eagerness to throw himself into the fray. But can anyone pull Clifford Chance's U.S. operation out of its downward spiral?Florida International Arbitrators to Florida Bar: Don't Fence Us In
In a dramatic reversal on Thursday, the Florida Bar's Multijurisdictional Practice Commission killed key elements of proposed rules governing international arbitrations that it had unanimously approved in March. The reversal by the Bar is a victory for the international arbitration community, and represents the latest development in a turbulent year for the rapidly growing arbitration industry in Florida.Trending Stories
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