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Venezuela to reopen 3 banks after gov't takeovers
Venezuela's government plans to reopen three private banks next week that officials took over temporarily amid investigations into alleged violations of banking regulations, according to an announcement Monday.Who Gets Paid in Securities Cases? Look to the Lead Plaintiffs
Lead counsel now call the shots in securities class actions and thus decide if and how other lawyers get paid, the Third U.S. Circuit Court of Appeals has ruled. Rejecting an appeal by three firms seeking shares of the $55 million in fees awarded in the $3.2 billion Cendant Corp. settlement, the court found that the Private Securities Litigation Reform Act of 1995 established a "new paradigm" for securities litigation.Fla. Jury Awards Smoker's Widow $26.6 Million
A Florida jury on Wednesday awarded the widow of a cigarette smoker $26.6 million after finding cigarette manufacturers R.J. Reynolds and Philip Morris liable for causing his lung cancer and death. The jury decided the cigarette makers should pay Nathan Cohen's widow $10 million each in punitive damages and awarded her $6.6 million in compensatory damages. A $10 million jury award was reduced by a finding that her husband was one-third responsible for his illness.View more book results for the query "*"
From Barroom Brawl to Courtroom Controversy
A woman who claims she suffered a "gross nasal deformity" in a fight at a Pittsburgh bar has filed suit in the Allegheny County Court of Common Pleas against the bar's owners, a bouncer and her alleged attackers.Anderson Retrial Unlikely as Government Increases Use of Alternatives to Indictment
In the government's aggressive and largely successful pursuit of corporate fraud in recent years, the conviction of Arthur Andersen was its first major, high-profile victory. A retrial after last week's stinging reversal by the U.S. Supreme Court is unlikely, said a number of legal experts, and that will be a difficult pill for government prosecutors to swallow.Lawyers petition U.S. high court to hear case of Gitmo detainee
John A. Chandler and a team of Sutherland and King Spalding lawyers petitioned the U.S. Supreme Court on Monday to hear the case of a Guantanamo detainee whose habeas grant was reversed by a federal appeals court in July-the first time the appeals court overturned a federal trial court's ruling that a Guantanamo detainee should be freed.High Court Orders EPA to Review Greenhouse-Gas Emissions
Adding its voice to growing alarm over global warming, the Supreme Court on Monday ordered the EPA to take a fresh look at the problem with an eye toward regulating greenhouse-gas emissions from cars. The ruling is a sharp rebuke to the Bush administration, which argued that such gases are not air pollutants under the meaning of the Clean Air Act. The decision revealed divisions among justices over the issue of standing, as well as whether the Court should have anything to say at all about the environment.More GCs Put Outside Litigators on a Budget
In a trend that's picking up steam, corporate counsel are increasingly requiring outside litigation firms to submit detailed budgets from the outset of a case. Corporations like getting the budgets partly because they can also be benchmarks for larger evaluation of law firms, says one consultant. In addition, the budgets enable companies to see how well their own attorneys are controlling costs. For their part, litigation partners note the difficulty -- and tension -- potentially caused by the demand.Trending Stories
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