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Cite as: Aurora Loan Services LLC v. Weisblum, 6074/09, NYLJ 1202494922693, at *1 (App. Div. 2nd., Decided May 17, 2011)vBefore: Mark C. Dillon, J.P.; Daniel D.
Civil Liability of Rating Agencies: Past Success, Future Danger?
Jonathan S. Sack and Kefira R. Wilderman of Morvillo, Abramowitz, Grand, Iason, Anello & Bohrer discuss how the Dodd-Frank Act greatly increases rating agencies' potential liability under the securities laws and how rating agencies are unlikely to fare as well in the courts as they previously have.Cite as: In re Barclays Bank PLC Securities Litigation, 09 Civ. 1989 (PAC), NYLJ 1202477434203, at *1 (SDNY, Decided January 5, 2011)District Judge Paul A. Crot
Three Firms Tapped for $4.85 Billion Cell Tower Deal
Cravath is representing Crown Castle International in connection with its agreement to lease 9,100 cellphone towers from AT&T while buying another 600 towers from the company outright. Sullivan & Cromwell is advising AT&T on the deal and Bryan Cave is providing tax advice to the telecommunications giant.Am Law Firms Make Rain on Pair of Cloud Computing Deals
Wilson Sonsini and Gibson Dunn landed roles on Salesforce.com's $2.5 billion purchase of cloud-based marketing software company ExactTarget, while Cravath and Kirkland took the lead on IBM's reported $2 billion acquisition of cloud computing infrastructure provider SoftLayer Technologies.Short stories filled with hidden magic
An American Indian guy is standing outside a casino, ready to enter, when a white man passes and, making an assumption from the Indian's brown skin, drops his car keys into the man's hand and goes in. Some opportunities are too good to pass up. The Indian gets into the white man's car, locates the registration, drives to the address he finds on it and lets himself in.Creditors seek Lehman investigation at hearing
NEW YORK AP - Stakeholders in the Lehman Brothers bankruptcy case will ask a judge to open an investigation of the failed investment bank at a Thursday hearing. Meanwhile, Lehman will seek early approval of a proposal to sell its Neuberger Berman money management business.Those and other motions are on the agenda for a hearing scheduled at 11 a.Am Law Firms Make Rain on Pair of Cloud Computing Deals
Wilson Sonsini and Gibson Dunn landed roles on Salesforce.com's $2.5 billion purchase of cloud-based marketing software company ExactTarget, while Cravath and Kirkland took the lead on IBM's reported $2 billion acquisition of cloud computing infrastructure provider SoftLayer Technologies.Oracle Trial Spotlight Turns to Microsoft
Microsoft -- and its viability as a large enterprise application competitor -- became a focus Wednesday of the government's suit to block Oracle's hostile $7.7 billion bid for PeopleSoft. Also Wednesday, Judge Vaughn Walker reiterated his frustration with witnesses' attempts to keep documents confidential. "The more I get into this case, the more the devil is in the details. And I don't believe the details have been shared with the court," Walker said.Courts are facing budget squeeze
The federal judiciary says a looming wave of immigration prosecutions, staff cost-of-living pay adjustments and raises for defense lawyers assigned to indigents are among the reasons it needs a 7.6 percent increase in its fiscal year 2009 budget. The request for a total budget of $6.72 billion does not include the 26 percent pay increase for federal judges recommended by the Senate Judiciary Committee in December, according to Judge Julia S.Trending Stories
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