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Huge swaths of the securities plaintiffs bar have their time and money tied up in class action suits against major issuers of mortgage-backed securities. But three years and change after the subprime meltdown, Bernstein, Litowitz, Berger & Grossmann is still the only plaintiffs firm to reach a settlement in any of the cases.
Amid the headlines generated by Thursday's $25 billion nationwide foreclosure settlement, the Justice Department reached a smaller deal with Bank of America over alleged Countrywide mortgage fraud that would normally garner front-page coverage of its own.
The Score: Firms Eye Devils Deal, Proskauer Seals TV Pacts
Proskauer Rose is advising the U.S. Golf Association and NASCAR on new television broadcast rights deals with Fox Sports and NBC Sports, respectively; Boies, Schiller & Flexner and Wachtell, Lipton, Rosen & Katz are leading on a looming sale of the National Hockey League's New Jersey Devils; and several Am Law 100 lawyers take seats on the NCAA's expanded infractions committee in our latest look at sports and the law.Who Protects Innovation in America 2009: Which Firms Got the Work
Daily Decision Service Alert: Vol. 19, No. 207 - October 27 2010
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