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Just in time to mark Bernie Madoff's first anniversary as top Ponzi villain, the Securities and Exchange Commission moved Monday to dismiss a suit by investors who want to hold the agency accountable for failing to uncover Madoff's scheme more quickly.
Justices Re-evaluate Restrictions on Wearing Down Suspects To Confess
Reviewing the case of a 12-hour interrogation that adduced a murder confession, the New Jersey Supreme Court is being asked to hone the standards that police must follow in detaining and questioning suspects.In re Federal-Mogul Global, Inc.
Where the unendorsed check was delivered to the payee's depository bank for collection, with which it had a lock-box arrangement, the depository bank became a holder and was entitled to enforce the check, and the check was properly payable when presented to the drawee bank, which was entitled to charge the account of the drawer, notwithstanding the depository bank's failure to credit the correct account; the drawee bank had no liability for paying the check and its motion for summary judgment is granted.Bar Association Veterans Vie for Leadership Role
Four veteran attorneys with extensive bar association activities submitted their names last week as candidates to join the state bar's leadership as secretary.Invasion of the Lawyer Snatchers
The invasion of the Northeast's megafirms topped New Jersey's legal stories in 1999, a year that saw two venerable partnerships and dozens of smaller groups swept up in the tide of colonization. From the purchase of 110-lawyer Shanley & Fisher by Philadelphia's Drinker, Biddle & Reath to the defection of legions of lone lawyers, hardly a week passed without an announcement that a New York or Pennsylvania firm had gobbled up a partnership or a practice section.Locking the Nation's Medicine Chest
The presidential candidates' proposals on federal drug pricing are central in national political debates. We're being forced to reconcile higher drug prices, improved industry profits and the needs of the elderly. But the problem turns on the inadequacies of Medicare and the preservation of research and development. The emerging solution, says Frederick Smith, is a failed economic tool: price controls.Starting Salaries at Large New Jersey Firms
Starting Salaries at Large New Jersey FirmsSEC Invokes Immunity in Negligence Suit by Madoff Victims
Just in time to mark the one-year anniversary of the Madoff scandal, the Securities and Exchange Commission moved Monday to dismiss a suit by two Madoff victims who want to hold the agency accountable. Attorneys at Herrick Feinstein sued the SEC in New York federal court under the Federal Tort Claims Act on behalf of two Madoff investors who together lost more than $2.4 million. The SEC argues it cannot be held liable because its activities fall under a "discretionary functions" exception to the FTCA.Trending Stories
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