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Just one business day after removing to federal court the suit over Bank of America's $8.5 billion mortgage-backed securities settlement, attorney David Grais dropped the latest bombshell in the case, filing a notice of objection to the settlement on behalf of the FDIC.
A California federal judge tore into Robbins Geller Rudman & Dowd on Friday for submitting "woefully inadequate" settlement papers in consolidated securities litigation involving Cadence Design Systems, and refused to sign off on the $38 million deal.
A newspaper need not disclose the identities of individuals who posted allegedly defamatory comments to the paper's website about a police chief and officers, a New York judge has held. The judge did not weigh in on the nationally unresolved issue of criteria for ordering disclosure of posters' identities.
In a sharply worded order, a federal judge has slammed an attorney who sought to file an amicus brief in a suit over Texas' new sonogram law, saying he committed offenses for which a competent attorney "would be lucky to retain his bar card, much less an intact bank balance."
Videotaping police in the course of their duties is "unambiguously" a free speech right protected under the First Amendment, the 1st Circuit has held, rejecting an argument that police officers who arrest such videographers should be granted immunity against litigation.
Jones, Walker, Waechter, Poitevent, Carrere & Denegre is expanding into Mississippi by acquiring 67 lawyers through a merger with Watkins Ludlam Winter & Stennis, the firms announced Tuesday. The deal follows recent expansion efforts by Jones Walker in Alabama and Louisiana.
The embattled head of the federal alcohol, tobacco and firearms bureau -- criticized for months over the so-called "Fast and Furious" operation that let guns travel from the U.S. into Mexico -- was reassigned Tuesday. The U.S. Attorney for Minnesota was named acting director of the bureau.
Kentucky AG Jack Conway accused Merck of violating his state's consumer protection act, but Merck contends Conway isn't the one running the show. Instead, Merck claims Conway has farmed out the case to contingency fee plaintiffs lawyers, violating the company's due process rights.
The 10th Circuit has backed a lower court finding that Novell, not SCO Group, owns the copyrights to early versions of the Unix computer operating system, capping an eight-year battle that once stoked the religious fervor of open-source advocates.
Although Beazer Homes CFO James O'Leary was not personally charged with misconduct after the company allegedly filed fraudulent financial statements in 2006, he's returning $1.4 million in bonus compensation and stock sale profits from the period in a clawback settlement with the SEC.
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