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Ariz. AG files lawsuit against real estate agents
PHOENIX AP - Arizona Attorney General Terry Goddard is alleging in a lawsuit that numerous Tucson real estate professionals and businesses engaged in a multimillion-dollar real estate fraud scheme.According to the complaint filed on Thursday, the scheme affected more than 130 investors and more than 270 prospective homebuyers.Vioxx Lawyer Wants His Next Move To Be in State Court
The Houston lawyer who won a $253.5 million verdict in August in the nation's first Vioxx pharmaceutical suit, wants another shot at a big win. But W. Mark Lanier wants to do it in state � not federal � court, and on his own � not as part of a multidistrict litigation pool.$2 million buys Palm Beach County auto sales building
Thomson wins appeal of software patent verdict
PITTSBURGH AP - A federal appellate court in Philadelphia on Monday overturned a jury's finding that Thomson Reuters Corp. infringed a patent for trading municipal bonds in Internet auctions.Jurors awarded MuniAuction Inc. $38.4 million in damages in October 2006 after finding New York-based Thomson Corp. willfully infringed MuniAuction's patent.O'Melveny cuts 200 attorneys, staff; Dewey, Shearman cut support staff
Three major law firms announced layoffs of attorneys and support staff on Wednesday. O'Melveny & Myers is laying off 90 lawyers, including associates and counsel, and 110 staffers. Both Dewey & LeBoeuf and Shearman & Sterling announced that they have cut a significant number of support positions, which comes on top of Orrick, Herrington & Sutcliffe's decision on Tuesday to lay off 200 support staffers and 100 attorneys.View more book results for the query "*"
Montgomery McCracken Acquires Investment Group
Montgomery, McCracken, Walker & Rhoads has created an investment management practice by acquiring the Corsell Law Group in Philadelphia. The creation of the practice wasn't high on any management priority list, but Chairman Stephen Madva says the timing couldn't have been better: "With more and more money in private equity offerings, it could not be more ... current." Laura Corsell says leaving her three-attorney practice and its independence was difficult, but "Montgomery was almost irresistible."Judge rejects automakers' bid to scrap state emission rules
A federal judge on Wednesday ruled that states can regulate greenhouse gas emissions from vehicles, rejecting automakers' claims that the state rules are pre-empted by federal law and that technology can't be developed to meet them.Long-running IPO action settles for $586 million
A settlement has been reached in the long-running litigation over the gaming of initial public offerings by investment banks and issuing companies. In papers released Monday, lawyers said they have agreed to settle for $586 million. The suits alleged that underwriters drove up the price of new issues by requiring clients to buy blocks of stock at ever-higher prices -- and failed to disclose this fact to investors who were later burned by the collapse of the market in tech stocks.Trending Stories
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