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Loan crackdown may lead to litigation
A WAVE OF STATE LAWS and regulations aimed at curbing unsuitable mortgage loans is opening the door to more litigation by allowing borrowers to file lawsuits instead of complaining to regulatory agencies. The laws are also creating compliance work for lawyers assisting national lenders navigating a thicket of new state requirements.Kentucky Jury Clears Ford in Air Bag Fatality
Rejecting the products liability claims of a Louisville, Ky., man and his three children, a jury has decided that Ford Motor Co. and its air bag manufacturer were not responsible for a woman`s death in a car accident.In Recovery: New Orleans Legal Aid Fights Evictions
Brenda [email protected] a sunny day in late November, Marisa C. Katz drives east from downtown New Orleans to Chalmette, one of the areas most ravaged by Hurricane Katrina. Houses stand forlornly along the road, their windows broken and insides gutted. Gas stations and stores are boarded up. There are no pedestrians in sight.The Risks of Regulating Employees' Off-Duty Conduct
In recent months, employers have received attention for expanding their control over employees' activities outside the workplace. Although employer limitations on off-duty actions are nothing new, the spotlight of public scrutiny is now shining on policies and practices that appear to exceed choices that the public perceives employers have a right to control. Employers who base decisions on such policies and practices can significantly increase their exposure to litigation, says attorney Stephanie John.Yahoo-Inktomi Deal's Legal Team Has a New York Accent
A pair of New York-based firms landed a quintessentially Silicon Valley deal as Davis Polk & Wardwell and Skadden, Arps, Slate Meagher & Flom pitched in on Yahoo Inc.'s purchase of Inktomi Corp. Lawyers in Davis Polk's Menlo Park office represented Yahoo, while attorneys in the Palo Alto office of Skadden Arps represented Inktomi in the transaction.After the Storms: Legal Blogs Step Up Response to Hurricanes
As the Gulf Coast struggles to recover from the multiple traumas inflicted during and after Katrina and Rita, numerous blogs and other Internet resources are addressing the legal ramifications of the storms and their aftermath. Anderson Kill & Olick associate Luke E. Debevec names a few places to start looking online.Firms Act to Keep Partners From Jumping Ship
Lateral movement of partners and practice groups has increased among big firms in recent months, and the growing trend has firms trying a variety of approaches to foster loyalty. Giving partners a vote in all "material initiatives" is critical, says one administrative partner: "If you all know where the ship is headed, you're more eager to get on the oars and take it there." But, as firms become larger and reflect a more corporate structure, issuing an oar to every partner seems to be getting tougher.The Risks of Regulating Employees' Off-Duty Conduct
In recent months, employers have received attention for expanding their control over employees' activities outside the workplace. Although employer limitations on off-duty actions are nothing new, the spotlight of public scrutiny is now shining on policies and practices that appear to exceed choices that the public perceives employers have a right to control. Employers who base decisions on such policies and practices can significantly increase their exposure to litigation, says attorney Stephanie John.Trending Stories
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