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Practical Issues Arising in U.S., Foreign Arbitration
Arbitration counts as foreign tribunal for purposes of discovery aid, court rules; clause errors addressed.Did Affirmative Action Really Hinder Clarence Thomas?
U.S. Supreme Court Justice Clarence Thomas blames Yale Law School -- specifically, its affirmative action program -- for his difficulties securing a job as a first-year associate after his graduation. He wrote in his autobiography that his degree was basically worthless, since it "bore the taint of racial preference." But interviews with a dozen African-American lawyers who attended Yale in the same years paint a strikingly different picture.N.J. High Court Rules Against Ban on No-Compete Clauses
New Jersey's Supreme Court has decided against an outright ban on no-compete clauses in at-will workers' employment agreements, finding that a worker dissatisfied with an agreement's terms is free to dispute them if and when the employer tries to enforce them. In dissent, Justice James Zazzali, joined by Justice Virginia Long, said that for "more than 400 years, Anglo-American jurisprudence has recognized the public-policy implications of noncompete agreements."Committee urges SEC to free small firms from SOX burden
$11.5M Settlement Reached in Asbestos Cases
Four consolidated asbestos cases against manufacturers and suppliers of products that contain asbestos have been settled in Philadelphia for $11.5 million. The cases were consolidated for trial because each of the plaintiffs had mesothelioma, a form of cancer that occurs only in those exposed to asbestos. Defendants included Certainteed Corp. and Georgia-Pacific Corp.Court forced to punt apartheid case
For want of a quorum, the U.S. Supreme Court on Monday allowed a controversial lawsuit brought by South African citizens to proceed against American and foreign corporations for their role in perpetuating apartheid.The companies, backed by the Bush administration and the South African government, had asked the high court to reverse a 2007 ruling by the 2nd U.Street's success doesn't reflect weakness in U.S. economy
THE STOCK market's stunning gains in the last year make it easy to assume these must be the best of times for the U.S. economy. But government GDP figures tell quite a different tale.It's a good lesson in economics. Wall Street's surge is being fueled by stronger-than-expected corporate profits, which assess how business is going here and abroad.Trending Stories
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