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Lehman borrowed $18 billion from previously secret Fed program
Lehman Brothers Holdings Inc.'s brokerage borrowed as much as $18 billion in four separate loans from a previously secret program of the U.S. Federal Reserve in June 2008, three months before its parent filed the biggest bankruptcy in U.S. history.Commission Meeting Agenda for June 16, 2005
Notice to the bar.2nd Circuit: N.Y. High Court Needs to Clarify Employee Choice Doctrine
The 2nd Circuit has put a $2.9 million employment lawsuit by a former investment banker on hold until the New York Court of Appeals can answer an undecided question of state law. The 2nd Circuit said it was unclear how judges should determine whether an employee quit or was "involuntarily terminated" under New York common law employee choice doctrine. While the trial judge relied on the federal "constructive discharge" test, some other test could apply, according to the panel.Daily Decision Service Alert: Vol. 20, No. 171 - September 6, 2011
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Matrimonial Commission Backs Specialized Courts
Courtside: Remembering Tom Clark
Supreme Court scholar Bernard Schwartz once described Justice Tom Clark as the "the most underrated justice in recent history." His daughter has written a new book that she hopes will shine a spotlight on Clark's accomplishments.An eye-popping suit over allegations that Nucor Steel allowed employees to terrorize black employees--including by broadcasting monkey noises and racial slurs over mill speakers--will proceed now that the Fourth Circuit has reversed a federal district court's decision denying class action status.
Plug EDD Into Global Investigations
Companies investigated by the DOJ and SEC under the Foreign Corrupt Practices Act must address EDD issues in an international arena. Howrey partner William Purcell and KPMG principal Bernard Boit examine the global nature of EDD and recommend ways to preserve global, digital media.Trending Stories
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