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More bad news for TD Bank in Scott Rothstein litigation
A federal judge reinstated a racketeering count against the bank in a lawsuit filed by Emess Capital, another group of investors who claim they were cheated by Scott Rothstein when he ran money through the nation's sixth largest bank.The Upsides of the SEC's No-Guilt Deals for In-House Lawyers
The Securities and Exchange Commission offers no-admit settlements in about 99 percent of its cases. But companies aren't the only defendants to benefit from these pacts. So do individuals, especially in-house counsel, by avoiding the nasty collateral consequences.Thompson Coburn is Latest Firm to Move into LA
Thompson Coburn chairman Thomas Minogue said that the firm, which brings to the market competitive rates and low, Midwest-based overhead, will be able to better serve existing clients—including those in the transportation sector—and lure new ones by moving into Los Angeles.Judge Slashes Fees in Dewey Bankruptcy, Criticizes Advisers
Taxi rides, pricey hotel stays, and vague time entries all got cut as Southern District Bankruptcy Court Judge Martin Glenn approved preliminary fee requests from a dozen law firms, accounting shops, and other advisory outfits.Dewey Estate Moves to Shed Dozens of Creditors' Claims
Amid a relative lull in the Dewey & LeBoeuf bankruptcy, the defunct firm's advisers are asking that the judge overseeing the Chapter 11 case invalidate millions of dollars in claims asserted against the estate and cut off funding for a committee of retired partners worried about their pensions.NALP settles for modest reform of summer associate recruiting
The National Association for Law Placement decided Friday to back off a plan that would delay the summer associate offer process by as many as four months. Instead, it adopted two smaller changes to the recruiting guidelines: The deadline for students to accept offers will drop from 45 days to 28 days, and the deadline for students who have completed a summer program to accept job offers will move from Nov. 15 to Nov. 1.Tobacco Industry Claims Lack of Fair Trial in $145B Damages Case
In an appeal of the largest damage award ever to hit Big Tobacco, industry lawyers claim that the $145 billion award in a Florida smokers' class action should be overturned because judicial error and improper attorney conduct prevented a fair trial. The brief, filed in an appellate court in Florida, cites a number of errors, including the initial decision to certify the class.Trending Stories
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