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Fed should read its own memo on rising-rate risk
Wilson Sonsini, Skadden Advise on $1.8B Gymboree Buyout
Wall Street still refusing to face the real issues
You should have known to get out of the market before the May 6 rout. James Cayne all but told you to, on May 5. Testifying in Washington before the Financial Crisis Inquiry Commission, the former chief executive officer of Bear Stearns Cos. spoke of "market forces" that assaulted his company even as its "capital ratios and liquidity pool" were solid.Supreme Court Thumbs Its Nose At Pennsylvania's Citizens
The state Supreme Court ruled last Thursday to give the judges back their pay raise after the General Assembly wiped out all the increases to state officials. The Legislature's retreat was premised on the unexpected and unexpectedly loud public outcry over the raises and the way in which they were enacted.Overbilling Is a Big-Firm Problem Too
A new study in the Georgetown Journal of Legal Ethics, "Blue-Chip Bilking," takes a longer view and tallies the rotten apples. Lisa Lerman, of Catholic University of America School of Law, counts exactly 16 elite firm partners during the past 10 years who allegedly stole at least $100,000 in a billing or expense scam. Seven were managing partners. "I wanted to make a point about rot at the top," Professor Lerman says.Commentary: The Court's increasing reliance on amicus curiae in the past term
Just how much influence do amicus briefs really carry at the high court? An analysis by Anthony J. Franze and R. Reeves Anderson of Arnold & Porter of the 2010-11 term suggests that the justices are relying on friend-of-the-court briefs more than ever.Trending Stories
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