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Perhaps Cleveland mayor Frank Jackson scored points with his base when he announced back in January 2008 that the city was suing 21 financial institutions. Likening the banks' activity to that of organized crime, the city claimed the banks had created a public nuisance by fueling subprime mortgages that left certain neighborhoods devastated by foreclosures. But the city's legal reasoning has not impressed Cleveland federal district court judge Sara Lioi, who dismissed the case with prejudice on Friday.
Growing Law Firms Relocate to Prime N.Y. Real Estate
Primarily for small and midsized non-New York City-based firms in need of bigger and more customized office space, the trend to move westward in Manhattan continues. Real estate brokers attribute this change to the fact that West Side buildings are newer and allow for more flexible development of office space than most Midtown East Side properties. Relocation can even save a law firm money, such as with Duane Morris, whose new 81,000-square-foot will have an art gallery, says Chairman Sheldon Bonovitz.The case against hedge fund founder Raj Rajaratnam, who filed a 32-page response to the Securities and Exchange Commission on Tuesday, will be keeping a lot of lawyers preoccupied over Thanksgiving.
Galleon Founder Accused of Insider Trading Blasts Wiretap Use
Billionaire hedge fund founder Raj Rajaratnam responded forcefully to SEC insider trading charges in papers filed Tuesday by his lawyers at Akin Gump, who claim that wiretaps that federal investigators used to implicate Rajaratnam in a $20 million insider trading ring were unconstitutional. They also say the Galleon Group founder was already working with investigators on an inquiry into another hedge fund and that he relied on research analysts, not inside information, to grow his business.The D. C. Metro Area's Largest law Offices
From the 150 biggest players in the Washington legal market, ranked by head count.Which Firms Provide the Best Outside Counsel?
The BTI Consulting Group's "Benchmarking Corporate Counsel Management Strategies" report has some late-breaking trend data for GCs, including a look at the law firms that are providing the best outside counsel.Trending Stories
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
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