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Subway Founder Has a $5 Billion Lawsuit on His Plate
The sandwich maker's president Fred DeLuca has been socked with a multibillion-dollar lawsuit for allegedly stealing his business partner's dream to build the first eco-sustainable city in Florida.Bar Drafts Loan Forgiveness Propsal
BY THE end of the month, members of the New York State Bar Association Executive Committee will have in their hands a draft proposal that would offer law school debt relief to young attorneys in return for devoting at least part of their careers to government or public interest law.Looser Rein Given to Lawyers Who May Be Witnesses
A federal judge in New Jersey has ruled that the prohibition against lawyers handling cases in which they are witnesses applies only to trial phases, not the rest of the litigation. U.S. District Judge Dickinson Debevoise's opinion rejects more expansive interpretations, notably a 9-year-old precedent in the district that said lawyers must bow out as soon as they learn their testimony is likely.2nd Circuit Rejects Malpractice Suit Against Plaintiffs Firms
The 2nd Circuit has ruled that two prominent plaintiffs firms aren't liable to former clients for failing to sue Arthur Andersen in a securities fraud suit stemming from the largest Ponzi scheme in U.S. history. Counsel for Kirby, McInerney & Squire and Bernstein Litowitz Berger & Grossman noted the irony of class action firms being sued in a class action. "They're usually accused of suing every deep pocket in sight," Bertrand Sellier said. "Here they're exercising restraint and they get sued for it."As Norex, the first plaintiff whose RICO case was dismissed on Morrison grounds, refashions its lurid allegations as a New York state case, a Brooklyn federal judge has cited Morrison in his dismissal of a similarly provocative RICO case against RJR.
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