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Judge Appoints Interim Counsel in Trillion-Dollar Libor Class Action
Class action litigation is beginning to take shape over allegations that major banks manipulated Libor, the benchmark rate used to calculate interest on trillions of dollars in securities globally. The federal district court judge hearing the litigation consolidated 20 class complaints, and appointed interim class counsel.Municipal Lawyer's Flawed Bill Records Held To Explain 'Secret' Town Meetings
Meetings with town leaders that turned up on a municipal lawyer's billing records were not secret sessions in violation of the Open Public Meetings Act, a Camden County judge has held.SEC Approves Rules for Whistleblowers
In a vote split along partisan lines, the SEC approved final rules for rewarding whistleblowers who provide the agency with tips that lead to successful prosecutions. The agency attempted to strike a balance on the most controversial issue, whether to require workers to report possible wrongdoing to their employers before going to the government, by allowing employees the choice, but offering incentives to those who do so.Is a "Lease" a Lease, or Something Else?
In their Landlord/Tenant column, Warren A. Estis, a founding partner at Rosenberg & Estis, and Michael E. Feinstein, a partner at the firm, analyze a recent case where the court was faced with the question of whether a document purporting to be a "net lease" was in fact a lease - thereby providing the "tenant" with standing under Article 7 of the Real Property Actions and Proceedings Law to evict a subtenant in the subject buildings - or was a management agreement, which accorded no such rights.Struggling Heller Calls it Quits
After more than a century, the firm will dissolve today, Chairman Matt Larrabee told staff on Thursday in an emotional meeting.Capital Sources: South Florida banks writing off less bad debt
In another sign the local financial sector is stabilizing, community banks in South Florida are writing off substantially less bad debt.Release Was Enforceable Before Man Went Skiing, Judge Rules
While Monroe County Court of Common Pleas Judge Jonathan Mark declined to comment on the exact "outer limits" of a Pennsylvania ski resort's release from liability, he said a recent case involving the waiver sure fell within it.U.S. Appellate Court Expands Reach of Anti-Bribery Statute
Last month, the U.S. Court of Appeals for the D.C. Circuit in United States v. Ring, upheld a conviction for bribery under the public sector honest-services fraud statute, expanding the definitions of "corrupt payments" and "official action," and thus making it easier for federal prosecutors to secure convictions under this statute.Phila. Bar Association's First Diversity Director Departs
The Philadelphia Bar Association's first director of the office for diversity left the position last week after less than two years on the job. And the bar association leadership is going to change how it tackles the issue of diversity in the legal profession by installing a high-level volunteer in the cabinet made up of the officers of the Board of Governors.Trending Stories
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