It’s Friday and we’ve got your legal news headlines from Thomson Reuters News & Insight:
U.S. banks may still face legal claims after settlement
While the agreement among 49 states and the nation’s five largest mortgage lenders settles a number of civil violations, it doesn’t prevent state and federal authorities from filing criminal actions.
Ex-Cravath associate gets 3-year suspension
The First Department said Michael Zulandt engaged in a “calculated pattern of cruelty” and found he violated state attorney-ethics rules in connection with the assault of his girlfriend.
Senate panel approves bill to televise high court
Justices have long opposed TV cameras in their courtroom, saying they would be disruptive. But backers say such coverage would help provide public scrutiny.
Lehman sues Citigroup to recoup $2.5 bln transfers
The bank says Citi wrongfully kept money given in a “swap agreement” just before Lehman’s historic 2008 collapse.
Judge faults N.Y. lawmakers, adopts new primary calendar
U.S. judge Gary Sharpe criticized the state for disenfranchising overseas military voters and blaming what could be a hectic election year on the state’s political inertia.
U.S. banks agree to $25 bln mortgage settlement
The deal seals more than a year of negotiations after evidence emerged that banks robosigned thousands of foreclosure documents without properly reviewing paperwork.
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Happy Friday! End your workweek with your legal news headlines from Thomson Reuters News & Insight:
Republicans, attorney general fight over gun sting
Eric Holder faced angry questions over “Fast and Furious”, an operation aimed at tracking smuggled weapons that backfired and led to the death of a Border Patrol officer in 2010.
Roommate site does not violate housing laws
An appeals court ruled that federal laws prohibiting discrimination were intended for landlords and do not apply to relationships inside the home.
2nd Circuit sanctions lawyers who claimed Bush officials caused 9/11
The court upheld an earlier ruling that called the lawsuit against Dick Cheney and Donald Rumsfeld frivolous and a product of “cynical delusion.”
JPMorgan slashes $710 million Lehman bankruptcy claim
The deal frees up more money to be distributed to Lehman’s creditors once it emerges from Chapter 11.
Gay marriage trial videos should stay under wraps, says appeals court
The 9th Circuit ruled that the emotionally charged recordings should not be disclosed because the trial judge had said they would remain private.
N.Y. bar considers allowing non-lawyers to invest in law firms
The association’s president, Vincent Doyle, made the announcement at an ABA conference, which is itself weighing whether to support nonlawyer ownership under certain circumstances.
Schwab to reimburse clients arbitration fees
The move comes one day after FINRA accused the brokerage of requiring customers to waive their rights to pursue class actions cases, a violation of industry rules.
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Happy Friday! Catch up on your legal news headlines from Thomson Reuters News & Insight:
Poaching lawsuit against tech companies will proceed, says judge
Lucy Koh said overlapping relationships between the companies made it “hard to believe” the industry’s arguments that they should not have to face the antitrust lawsuit.
Lawmakers press Google on privacy policy changes
Eight members of congress expressed concern that a plan by the internet giant to consolidate user information may make it harder for consumers to protect their privacy.
Ex-Guantanamo detainee defense team receives award
The New York Bar Association’s Criminal Justice section praised the six-lawyer team which defended Ahmed Khalfan Ghailani, accused of involvement in the 1998 African embassy attacks.
New York lawyer gives up $14 mln lottery ticket claim
Crawford Shaw, the attorney who tried to redeem a multi-million dollar lottery ticket in Iowa last month, is surrendering his quest for the jackpot.
SEC drops “supervisor” case against ex-general counsel
The commission dismissed action against an investment bank lawyer, but opened the door to compliance officers and general counsel being labeled as “supervisors.”
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It’s Friday, time to catch up on your legal news headlines from Thomson Reuters News & Insight:
Activists lose “Occupy the Courts” protest bid
U.S. Judge Lewis Kaplan ruled after a last minute hearing that for legal reasons and security concerns, he would uphold the GSA decision denying activists’ permit application.
Gang members arrested after boasting about murders online
New York police arrested 43 feuding gang members citing evidence collected from the members’ messages on Twitter, Facebook and YouTube.
Google poaches patent guru from Juniper
Google is beefing up its stable of in-house patent experts as it engages in billion-dollar intellectual property battles with rivals such as Oracle.
Photography pioneer Kodak files for bankruptcy
Eastman Kodak has filed for bankruptcy protection, capping a prolonged plunge for one of America’s best-known companies.
Solyndra fails to garner bids for sale
Court documents suggest that auctioneers who have already been retained will soon begin a piecemeal sale of Solyndra’s remaining production equipment and real estate.
TD Bank owes $67 million over Ponzi scheme
The bank must pay a Texas investment company for helping disgraced South Florida lawyer Scott Rothstein run a $1.2 billion Ponzi scheme, a Miami jury ruled.
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Happy Friday! Check out your legal news headlines from Thomson Reuters News & Insight:
Security trumps secrecy in cyber fight-prosecutor
Top federal prosecutor Preet Bharara has a message for companies: If you’ve been hacked, tell us.
New Mississippi governor supports amendment on clemency rules
Phil Bryant backs tightening the rules on pardons after his predecessor, Haley Barbour, sparked controversy by granting clemency to more than 200 convicts before leaving office.
Court orders removal of school prayer mural
Judge Ronald Lagueux ruled that the mural, dating back to 1963, violates the constitutional prohibition against government-sponsored prayer in public schools.
Potential suitors circle AMR, sources say
US Airways Group and private equity firm TPG Capital are among several parties interested in the bankrupt parent of American Airlines.
Class-action vs American Honda thrown out
The decision by the 9th Circuit is a fresh setback for consumers, who have seen their ability to sue collectively curtailed in the past year.
Kamins named new NYC criminal court administrative judge
The position of overseeing one of the busiest criminal court systems in the country has been vacant since 2008.
CEOs urge court to throw out SEC-Citigroup ruling
Heads of over 200 large U.S. companies urged a federal court to undo a judge’s controversial decision making it harder for companies to settle SEC fraud cases.
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Happy New Year! End your workweek with your legal news headlines from Thomson Reuters News & Insight:
White House mum over recess appointment legal advice
Legal experts say the Justice Department almost certainly approved President Obama’s controversial appointments despite the administration’s silence.
U.S. judge unlikely to toss Rajat Gupta insider trial tapes
Jed Rakoff said the former McKinsey head’s team shouldn’t be “optimistic” about the court suppressing phone calls with convicted hedge funder Raj Rajaratnam.
Former aide to Wisconsin governor charged with fraud
Tim Russell was accused of diverting more than $21,000 intended for families of soldiers killed in Iraq and Afghanistan to his personal bank account.
Lehman Brothers asks bankruptcy court to block Archstone deal
Lehman, which owns nearly half of the real estate company, urged a judge to allow it to buy the remaining stake without having to bid against billionaire Sam Zell.
Madoff trustee sues Calif AG, gets feeder fund win
Irving Picard sued to stop suits against a Madoff associate in California, while a U.S. judge ruled feeder-fund investors could not recover Madoff money.
Appeals court faults attorney who billed clients for escort services, porn
The First Department criticized a $600,000 discrimination judgment awarded to James Hazen, who claimed his bipolar disorder was to blame for thousands of illegitimate bills.
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Happy Holidays! Start your long weekend with your legal news headlines from Thomson Reuters News & Insight:
Federal judge tosses lawsuit over Guantanamo treatment
Judge Richard Leon threw out the suit, filed by a Syrian man released in 2009, saying U.S. courts lack jurisdiction in such cases.
Citigroup loses suit to overturn $54-mln ruling
A U.S. judge denied the bank’s request to reverse an arbitration award that was among the largest that a brokerage firm has had to pay individual investors.
American Airlines cleared to buy Boeing planes
The carrier, which filed for Chapter 11 protection in November, had previously split an order for 460 single-aisle jets between Boeing and Airbus.
Legal Brief: Online copyright infringement
Current litigation is being watched by net-freedom advocates who argue that legislation being debated in Congress could undercut “safe harbor” provisions.
NY man sues airlines over “underwear bomber” plot
Theophilus Maranga says he “risked his life” by jumping on the would-be bomber Umar Farouk Abdulmutallab, who attempted to blow up a flight on Christmas Day 2009.
Hedge fund manager Falcone rejects SEC settlement offer-WSJ
This means the SEC is considering bringing an enforcement action against Falcone and two top lieutenants over a number of potential violations, including alleged manipulative trading in debt securities.
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Happy Friday! Start your weekend with your legal news headlines from Thomson Reuters News and Insight.
U.S. regulators sue former top execs at Fannie, Freddie
The Securities and Exchange Commission sued three former executives at Fannie Mae and three at Freddie Mac, saying they misled investors over exposure to risky mortgages.
Jon Corzine denies knowledge of any European loan
In fresh testimony, the former MF Global chief denied an allegation that he knew the brokerage lent customer money to an affiliate.
U.S. says Arizona sheriff violated civil rights laws
Joe Arpaio’s deputies regularly made unlawful stops and arrests of Latinos, according to the Justice Department.
Judge: Decision on Jefferson County still weeks away
Creditors battling the $4.23 billion municipal bankruptcy are down to only one possible argument to have the Alabama county’s case dismissed.
HTC says ruling on dispute vs Apple delayed again
The ruling is crucial for HTC since it could result in a ban on the sale of HTC handsets in the U.S., a market that accounts for 50 percent of the company revenue.
Companies can be made to clean Superfund sites, Court of Appeals rules
Businesses that own polluted land in New York can be forced to restore it to pre-contamination conditions, as long as they are technically capable.
Ex-UBS trader swaps legal team ahead of hearing
London law firm Bark & Co said it was now representing former UBS trader Kweku Adoboli, accused of unauthorised trading allegedly costing the bank some $2.3 bln.
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It’s Friday and we’ve got your legal news headlines from Thomson Reuters News & Insight:
AT&T braces for T-Mobile deal collapse
AT&T said it would take a $4 bln charge in case its takeover of T-Mobile USA fails, a tacit recognition of the dwindling chances that the deal will get through U.S. regulators.
Alleged Penn State victim to sue charity
One of the alleged victims in the Penn State scandal says he and others intended to sue The Second Mile for negligence and failing to report known sexual abuse of children.
Judge says NY Mets case over Madoff deserves jury
The trustee seeking money for Bernard Madoff’s victims has a constitutional right to have his $386 million lawsuit against owners of the New York Mets baseball team heard before a jury.
Judge dismisses Harrisburg, PA, bankruptcy filing
U.S. Bankruptcy Court Judge Mary France ruled that because of state law, Harrisburg cannot file for bankruptcy to get out of its $300 million outstanding debt.
U.S. judge sides with Netflix in antitrust lawsuit
U.S. judge Phyllis Hamilton granted the movie rental giant’s bid to resolve all claims in its favor before trial in an antitrust class action.
Bloomberg ordered to release Cathleen Black emails
A NY State Supreme Court justice ordered the mayor’s office to release emails between City Hall officials and the controversial former schools chancellor.
Solow lawsuit over Citigroup disclosures dismissed
Though the case was dismissed, the judge said Solow had “presented sufficient evidence of the defendants’ intent to defraud” and gave him 20 days to refile the case.
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End your workweek with your legal news headlines from Thomson Reuters News & Insight:
Seven years to make partner, says survey of large firms
Contrary to popular belief, attorneys say that the time it takes to make partner is not getting longer, according a survey of attorneys at large U.S. law firms.
Litigation Overview: Status of same-sex marriage cases
California’s Supreme Court said that the original sponsors of Proposition 8, a ballot initiative prohibiting same-sex marriage in California, can defend the initiative in court.
American Lawyer Media CEO to leave the company
William Pollak, the longtime president and CEO of ALM, said it was an “appropriate time to transition leadership to its next chief executive.”
Jefferson County bankruptcy another Alabama ‘punt’
The municipal bankruptcy filing surprised many, but for Alabama politicians it was another in a series of incidents where local officials shift problems to the federal level.
California court opens way for U.S. gay marriage case
The ban in the most populous state has been in legal limbo over a technical but crucial debate: whether citizens can defend a ballot initiative if elected officials choose not to.
$42 mln malpractice suit against Pryor Cashman may proceed, says appeals court
Affirming a lower court ruling, the court refused to dismiss a lawsuit filed against the law firm in 2010 by trustees for the benefits fund of a construction workers’ union.
Watchdog clears SEC handling of Citi settlement
The Securities and Exchange Commission cleared its enforcement director of allegations he improperly intervened in a 2010 settlement with Citigroup.
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What’s in a word? The Black’s Law Dictionary, 9th edition from Thomson Reuters can provide both definition and pronunciation through a new Android App. When the word of the day isn’t a word you know, Black’s mobile applications is ready to find that content on your Android.
Black’s is available as an Android App and also [...]
Law Technology News Editor-in-Chief Monica Bay recaps Day 2 of the 2012 Legal Tech New York Conference.
We’ve got a very dynamic episode for you this month, one of the highlights being an interview with Tim Gorry, a partner at Eisner Kahan & Gorry, about entertainment litigation in 2011 and what’s coming in 2012.
Our “In the News” segment features a story from Thomson Reuters News & Insight about the recent Italian cruise [...]
