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Federal judge bucks banks on class actions
Senior U.S. District Judge James Lawrence King has ruled twice that bank arbitration clauses are "unconscionable" because they often require consumers to foot the defense bill if they lose a class action.The billionaire Sam Wyly and his lawyers at Bickel & Brewer have long campaigned against a $143 million class settlement that Computer Associates International reached with its shareholders in 2003, in the wake of a massive accounting scandal. Their primary targets have been the plaintiffs lawyers that secured the deal, including the infamous Melvyn Weiss, formerly of the firm now known as Milberg. But Wyly's claims that the plaintiffs firms bungled the case keep missing their mark.
Both Pro and Con Voices on Volcker Rule Agree on Its Impact
This week, the Federal Reserve put forth its changes to how Wall Street banks will be allowed to operate in a proposal outlining its version of the so-called "Volcker Rule."Developers seek condo permit for former Miami Heart Institute
Ricardo Dunin and Ophir Sternberg are taking the first step to convert the defunct Miami Heart Institute into a luxury waterfront condominium by asking the City of Miami Beach Planning Board to rezone the former home of the Miami Heart Institute.View more book results for the query "New York Times Company"
Managing Your Outlook Calendar
Going out of your mind trying to keep up with a hectic schedule and the mounds of Post-its accumulating around your desk? Join the club. Sarita Livit has some tricks to help cope by using Microsoft Outlook. Combined, her scheduling tips promise to improve productivity in the workplace. And productivity, of course, equals more billable hours. What more could you ask for?Arbitration taking on Olympic proportions
By Greg Land, Staff ReporterLike advocates of curling, synchronized swimming and modern pentathlon, participants in another obscure Olympic activity-arbitration-say they deal with tough competitors, tricky rules and high stakes.The pressure is going up, according to experts in Atlanta last week taking part in an American Bar Association Conference on alternative dispute resolution.The Federal Pleading Standard:
In May 2007, with its decision in Bell Atlantic Corp. v. Twombly, the Supreme Court altered the way federal courts approach motions to dismiss under Federal Rule of Civil Procedure 12(b)(6).'Sunbeam' Protects Trademark Licensees, But Questions Remain
Proskauer Rose partner Jeffrey W. Levitan writes: The law surrounding the rights and obligations of both licensees and licensors under rejected intellectual property licenses has been uncertain for many years. Perhaps the Seventh Circuit's recent entrance into the fray will provide the impetus for a final determination on this important issue.Trending Stories
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