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For law firms, revolving door is speeding up
Presidential elections are the busiest time for firms and corporations to recruit top attorneys leaving government.Wachtell argued in a recent client alert that the SEC shouldn't be aggressively punishing Wall Street wrongdoers. They're right—someone else should do that.
Daily Decision Alert: Vol. 15, No. 119 - June 15, 2007
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Mayer Brown represents Munich Re, the insurance company that challenged a California law extending the statute of limitations on genocide claims. The appeals court concluded that because the U.S. government does not recognize the deaths of more than 1.5 million Armenians in World War I as a genocide, the California law is unconstitutional.
Perhaps no firm is more prominent in defending financial litigation than Paul, Weiss, Rifkind, Wharton & Garrison. We asked Paul Weiss chair Brad Karp how Citi--and the entire financial sector--is faring in court.
AAA crisis can mean better economies for Asian nations
Timothy Geithner said U.S. debt is the safest anywhere even after Standard Poor's yanked away its AAA credit rating. America's bankers in Asia may have a very different take on things. Asia is sitting on $2.6 trillion of U.S. Treasuries, at a time when one of the official arbiters of creditworthiness has just delivered a vote of reduced confidence.Sometimes a court ruling is almost as noteworthy for its dicta as for its holding. That's the case for a ruling this week in Assured Guaranty's $1 billion RMBS suit against UBS, in which a federal judge took a jab at the "immorality" of our "win at any price society."
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