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Suit Claims Foley & Lardner Helped Perpetuate $500 Million Ponzi Scheme
A trustee involved in the Chapter 11 case of bankrupt real estate investment company DBSI Inc. sued Foley Lardner this week, claiming that the firm played a role in perpetuating what the trustee claimed was a classic Ponzi scheme that bilked investors out of hundreds of millions of dollars.The suit-filed Monday in U.Lawyers Prepare to Challenge Georgia Elections
In Georgia, both political parties have lawyered up more than at any time in history in preparation for Tuesday's election. Georgia's Republican Party has signaled that its lawyers may challenge any Democratic victories because absentee ballots were mailed late, in violation of state law. And four suits already have been filed in federal court alleging irregularities or seeking to halt or void elections in individual races.High Court Rules Against Foreign Suspects
A divided Supreme Court on Wednesday ruled that states need not adopt any special procedures or remedies to enforce an international treaty that governs local police treatment of foreign nationals when arrested.Will Supreme Court maintain camera ban
The Supreme Court has never allowed the broadcast news media to bring the tools of their trade-cameras and microphones-into its courtroom for coverage of its proceedings. Unlike almost every other public institution in the United States, it has been able to maintain such a ban to this day, ignoring the successive winds of change brought by radio, television and the Internet.Greedy and Generous Associates
Everybody knows about greedyassociates.com, and now there's also generousassociates.com. Polar opposites? Not exactly. On closer inspection, they seem to reflect the complexity of being a lawyer and the challenges of juggling financial success and public service. And contrary to the popular perception of the legal profession, being "greedy" does not preclude being "generous."Struggling Heller Calls it Quits
After more than a century, the firm will dissolve today, Chairman Matt Larrabee told staff on Thursday in an emotional meeting.Clean Up Deferred Compensation Arrangements With IRS 'Formula' 409A
As in-house counsel, you should already know that Internal Revenue Code �409A imposes a host of new rules regarding reporting of nonqualified deferred compensation. And you've probably already helped your company take some steps to comply with the section's requirements. Yet your work is far from complete. As in-house counsel Gordon Klepper and Boyd Brown explain, there are a lot of steps that corporate counsel should take now, while waiting for final regulations on �409A to be issued.Who's Afraid of the Big Bad Five?
Why have the Big 5 Accounting firms made such a mess of their U.K. law firms? The last two years have seen the accountants thwarted in their attempts to develop in the U.K., while in France and Spain, powerful professional services organizations have had shining success. One reason is peculiarly British, the others may apply in the United States as well.RUNNER-UP | ELIOT SPITZER Waging war against Wall St. corruption
Eliot Spitzer, attorney general of New York, has led a crusade against shady practices by mutual funds.3rd Circuit Voids Law School Funding Restriction
In a major victory for gay rights advocates, the 3rd U.S. Circuit Court of Appeals has ruled that Congress cannot force law schools to allow U.S. armed forces recruiters on campus - by threatening a cut-off of all federal funding - since the military's policy of excluding gays and lesbians conflicts with the anti-discrimination policies enforced by most law schools.Trending Stories
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Why Are So Many Law Firms Suddenly Embracing Digital Transformation?
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