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FTC Hits Intel With Antitrust Suit
The Federal Trade Commission filed suit Wednesday against Intel, charging the chip maker with using its dominant market position to illegally stifle competition. The lawsuit was expected, but the complaint raised new issues that had antitrust lawyers talking. The FTC charged the case under �5 of the FTC Act, which is broader, more malleable and less tested than the more frequent choice, �2 of the Sherman Act, said one antitrust lawyer not involved in the case.Former McGuireWoods Partner Pleads Guilty to Securities Fraud
A former McGuireWoods partner admitted Monday to using his position as counsel to small companies to make $10 million in illegal profits. Louis W. Zehil pleaded guilty to securities fraud and conspiracy to commit securities fraud before a New York federal judge. Zehil was forced to resign from McGuireWoods in 2007 after it was revealed he had issued fraudulent opinion letters for the handling of investments. He appeared to choke up Monday when the judge walked him through the procedures and consequences of his guilty plea.New Firm Targets E-Discovery Angst
With corporations anxious about the costs and policy concerns associated with electronic records, four far-flung lawyers have teamed up to launch a "virtual" boutique to share their expertise.Justices to Hear Woman's DOMA Challenge
The justices will review a decision by the Second Circuit holding unconstitutional a section of the Defense of Marriage Act that defines marriage, for federal government purposes, as exclusively a union between one man and one woman.Senate to Vote on 16 Judicial Nominees
Ending weeks of bitter political wrangling, the Senate is set to vote on 16 judicial nominees today. The candidates -- one for the U.S. Court of Appeals for the Federal Circuit, one for the 9th Circuit, and 14 for district courts in California, Florida, Louisiana, Michigan, Nevada, New York, and Pennsylvania -- will be the first judicial nominees voted on by the full Senate in more than two months.Federal Judge's Comments Affect Sentencing in $74 Mil. Fraud Case
A district court judge's statements during a plea colloquy served to expand the appellate rights of the defendant beyond what was contained in the plea agreement, the 3rd U.S. Circuit Court of Appeals has ruled, remanding for resentencing the case of an Internet company owner convicted in a $74 million fraud scheme.Ex-McGuireWoods Partner Pleads Guilty To Securities Fraud
One-time securities lawyer Louis W. Zehil pleaded guilty to securities fraud and conspiracy to commit securities fraud before Southern District Judge Deborah A. Batts, admitting he used his position as counsel for several companies to secretly buy and then sell millions of shares at favorable prices.Sallie Mae Shareholders Approve $25B Private Buyout, But Deal Threatened
Shareholders of SLM Corp., commonly known as Sallie Mae, on Wednesday approved a private-equity firm's $25 billion buyout of the nation's largest student lender. Shareholder approval had been expected, but uncertainty hovers over what would be one of the largest private buyouts ever. The investors that agreed to buy the student lender have said the deal could be killed by pending legislation that would halve the interest rate on government-backed student loans and impose an income-based cap on repayments.Trending Stories
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