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New York Law Journal

Judge Slashes $10M in Fees Over Firm's Use of Temporary Associates

Criticizing a plaintiffs firm for hiring temporary associates for routine document review—but billing as if normal staff associates did the work—a New York federal judge has cut $10.3 million off a fee request in a settlement of a mortgage-backed securities case against Bank of America Corp.
15 minute read

New York Law Journal

Vaccaro v. New Source Energy Partners L.P.

By | January 03, 2017
Securities Fraud Suit Dismissed; Disclosures Met Requirements of Securities Act §§11, 12(a)
3 minute read

Texas Lawyer

Securities Litigation in The Trump Era— Now What?

Even prior to the presidential election, this was an interesting and tumultuous year for securities litigators.
11 minute read

National Law Journal

Wachtell's George Conway a Potential Trump Pick for Solicitor General

Wachtell, Lipton, Rosen & Katz litigation partner George T. Conway III is being considered to serve as U.S. solicitor general in President-elect Donald Trump's administration, according to media reports. Conway's represented major corporate clients at Wachtell, where he's been a partner since 1994, and argued one case in the Supreme Court. On his thinking about presidential power: "In a case involving his private conduct, a president should be treated like any private citizen," Conway wrote in a 1994 op-ed challenging Bill Clinton's push to evade litigation of sexual misconduct claims. "The rule of law requires no more—and no less." Conway is married to Kellyanne Conway, who's set to become counselor to Donald Trump.
10 minute read

Connecticut Law Tribune

Alexion Pharmaceuticals Slapped with Class Action Securities Suit

The suit accuses the company of overstating the strength of Soliris, one of the most expensive drugs in the world.
7 minute read

National Law Journal

Exploding Coffee Machines, CFPB Tested and a DOJ Lawyer's Mea Culpa: Regulatory 2016

The Consumer Financial Protection Bureau faced a new test after a major appeals court ruling struck down the Obama agency's power scheme. A dispute over an exploding coffee machine revealed tension over the scope of product-safety fines. And a top Justice Department lawyer offered an apology to prosecutors after some choice words about lack of oversight in some U.S. attorney offices. Here's a roundup of some of the top regulatory and compliance stories of 2016.
15 minute read

The American Lawyer

Baker & Hostetler Bags Bankruptcy Role for Troubled Energy Firm

Two months after the SEC cracked down on the founders of Dakota Plains Holdings Inc., the midstream energy company filed for bankruptcy in Minneapolis shortly before Christmas. Dakota Plains, which is seeking a sale as part of its Chapter 11 proceedings, owes thousands of dollars to three law firms.
23 minute read

The Recorder

SEC Alleges California Lawyer Duped Foreign Investors

Securities regulators accused a Newport Beach, California, lawyer on Tuesday of fueling a luxury lifestyle through a scheme that allegedly bilked millions of dollars from foreign investors who wanted to speed up their immigration to the United States.
7 minute read

National Law Journal

SEC Accuses California Lawyer in Scheme to Defraud Foreign Investors

Securities regulators accused a Newport Beach, California, lawyer on Tuesday of fueling a luxury lifestyle through a scheme that allegedly bilked millions of dollars from foreign investors who wanted to speed up their immigration to the United States.
7 minute read

The Recorder

Rainero v. Archon Corporation

By | December 21, 2016
4 minute read

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