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Ex-Sullivan Associate Moves to Dismiss Firm's Suit
Former Sullivan & Cromwell associate Aaron Charney has moved to dismiss the firm's suit against him for disclosing client and firm confidences, arguing that most of the alleged confidences had already been made public by the firm. The firm had sued Charney in response to his own suit, which alleged he had been subject to discrimination by partners on the basis of sexual orientation. In its suit, the firm claimed Charney improperly disclosed confidential information in his complaint and in media interviews.Cyber cops stymied by hacking groups
Hardly a month has gone by this year without a multinational company such as Google Inc., EMC Corp. or Sony Corp. disclosing it's been hacked by cyber intruders who infiltrated networks or stole customer information. Yet no hacker has been publicly identified, charged or arrested. If past enforcement efforts are an indication, most of the perpetrators will never be prosecuted or punished.Rivera-Soto Can Be Sued Personally for Alleged Civil Rights Breach, Judge Rules
There is enough evidence of record in a civil rights suit to sustain an allegation that state Supreme Court Justice Roberto Rivera-Soto used the authority of his position to intervene in school and municipal court investigations of whether his son was bullied by a schoolmate, a trial judge rules.Before Andrew Weissmann left Jenner & Block to take over as FBI general counsel, he won hundreds of millions of dollars for auction-rate securities plaintiffs--including a $431 million arbitration award against Credit Suisse. The ARS cases that Weissmann left behind may not lead to results like those, but Jenner got some good news this week in another ARS suit against Credit Suisse.
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Bankers warn recovery shouldn't delay reform
Central bankers warned that a global economic recovery shouldn't delay an overhaul of financial-market regulations following the worst banking crisis since World War II.Federal Reserve Chairman Ben S. Bernanke used a weekend Fed symposium to single out the creation of rules limiting risk as one of the "difficult challenges" ahead.Trending Stories
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