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Judge in Heller Bankruptcy Orders Mediation Talks, Sets Dates
The judge in Heller Ehrman's bankruptcy has ordered mediation between the firm's creditors and its former shareholders, the first sign that shareholders might come to the table to iron out an ending to the nine-month-old bankruptcy. The talks are slated to take place on Oct. 30 and Nov. 16. The judge also ordered each side to file settlement conference statements confidentially with the moderator by later this month.For all the strides Mary Schapiro made after the disastrous tenure of Christopher Cox, the SEC is still tainted by the perception that it's a captive of Wall Street.
Teaching Tech Skills to Lawyers
While most lawyers can send e-mails, create documents and surf the Internet, more advanced functions are often deferred to IT specialists. With technology progressing so quickly, competitive pressures may compel firms to seek out the most effective systems for introducing new technological capabilities to their lawyers. Proactive law students and attorneys who take the time to stay on top of legal technology have the best chances for success in the brave new world to come.It’s the second mega-suit filed by DOJ litigators since William Baer, a former partner at Arnold & Porter, took over as head of the antitrust division in early January.
President Obama's Centrist Antitrust Enforcement
Will the current economic crisis affect President-elect Barack Obama's promise to "reinvigorate antitrust enforcement"? Attorneys Neal R. Stoll and Shepard Goldfein think not. Rather than radical change, the Obama administration augurs a centrist approach at the Department of Justice and the Federal Trade Commission. Specifically, the DOJ's laissez-faire enforcement practices regarding mergers and dominant-firm conduct will likely migrate toward a moderately less-aggressive FTC enforcement policy.Must Calif. Judges Remain Wary of ADR Cases?
California judges freaked out 10 months ago when an appeal court issued a ruling that threatened their participation in arbitration and mediation cases. Even state legislators felt their pain and overwhelmingly backed a bill -- since signed into law -- that had the express purpose of eliminating the offending opinion. Now, however, everybody involved in the case, which has been taken up by the state Supreme Court, has muddied the waters again by interpreting the amendment in different ways.Percentage of Women, Minority Attorneys at Texas Firms Holds Steady
Firms with the largest Texas offices shed some lawyers between July 1, 2008, and July 1, 2009, but the percentages of minority and female lawyers didn't slip. While 24 of the 26 firms with the most lawyers in Texas lost 2.9 percent of their lawyers, the percentage of minority lawyers increased by 0.6 percent and the percentage of female lawyers rose by 0.2 percent. "That statistic is definitely indicative of progress on some level in minority retention," says Weil, Gotshal & Manges' Emmanuel Obi.Department of Justice Seeks Review of Tobacco Ruling
Six years, two presidential administrations, and three attorneys general later, the Justice Department's effort to disgorge big money from Big Tobacco may be in its final throes.Fla. Cities On Guard For Any Post-Zimmerman Unrest
Police and city leaders in Florida say they have taken precautionary steps for the possibility of mass protests or even civil unrest if George Zimmerman is acquitted in the killing of unarmed teen Trayvon Martin, particularly in African-American neighborhoods where passions run strongest over the case.Race at Issue in Opening Arguments of Gun Industry Trial
Lawyers pressing a closely watched lawsuit in federal court in New York on behalf of the NAACP against the gun industry framed their opening statements Monday in racial terms, claiming that blacks are disproportionately harmed by guns that end up in the hands of criminals. But lawyers for the industry claimed an absence of proof that gun manufacturers or distributors had done anything improper in marketing their product.Trending Stories
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