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Texas Lawyer Wins Hard-Fought Fees in Bitter Disability Case
A Louisiana appeals court has awarded $2 million in fees and costs to a Houston lawyer who has spent more than a decade in a bitter battle against Louisiana's attorney general over the lack of handicapped-accessible restrooms at a public university.What SEC Policy Can Mean for In-Housers
Consider the curious case of Jay Lapine. Between 2003 and 2009, the onetime general counsel of McKesson HBOC Inc. successfully fought off two criminal indictments for financial reporting fraud. Then he settled civil charges with the Securities and Exchange Commission, agreeing to pay a $60,000 penalty and to not practice before the commission or act as an officer or director of a public company for five years. Sounds like a bitter pill to swallow.Federal Housing Finance Agency Suing Top Banks Over Mortgage-Backed Securities
The Federal Housing Finance Agency filed suit today against 17 of the world's largest financial firms, seeking to recover losses suffered by Fannie Mae and Freddie Mac on private-label mortgage-backed securities.The defense jury verdict is a major win for nine leading web companies--including Amazon and Google--that refused to settle patent infringement claims by licensing company Eolas Technolgoies.
When MIT, a institution synonymous with innovation, sued several leading hard drive manufacturers for patent infringement, all but one of them settled. The holdout was Hitachi Global Storage Technologies, which argued that MIT's patent was overbroad and not all that innovative in the first place. This week the Federal Circuit validated Hitachi's gamble--and invalidated MIT's lucrative patent.
Morgenthau, Snyder Reap Lawyers' Financial Support
Commentary: Why Our Boutique Decided to Go Big
Marcus Topel and William Goodman had total independence and lots of high-profile work. So why did they decide to merge their seven-attorney firm in the San Francisco Bay Area with a 230-lawyer firm in New York? The two criminal defense lawyers explain that no matter how successful their firm was, they felt unremitting pressure to bring in more business and to service virtually all of the clients -- not to mention meeting the ever-increasing associate and support staff salary demands of the current market.Trial Commences Over 1993 World Trade Center Bombing
Twelve years after a bomb in the World Trade Center garage killed six people and injured more than 1,000, opening statements in a negligence suit against the Port Authority of New York and New Jersey took place Monday. The plaintiffs -- survivors and the families of the dead -- claim the Port Authority kept the underground parking area open and unprotected despite numerous warnings. Defense counsel emphasized that before the 1993 bombing, foreign terrorists had never attacked within the United States.Regulators may be out of the auction-rate securities game, but private litigation continues. In a complaint that cites devastating internal e-mails, American Eagle contends that Citi dumped $258 million of the illiquid securities on it even as the bank let the ARS market collapse.
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