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September 08, 2009 |

First Amendment Defense Denied For Non-Public Credit Ratings

Credit-rating agencies accused of misrepresenting the risks of notes pitched to a selective group of potential investors cannot claim the protection of the First Amendment against lawsuits, a federal judge has ruled. Rating agencies have long turned to the First Amendment to fend off suits over their role in promoting securities that turn out to be not so credit worthy, a frequent occurrence in the ongoing economic meltdown. The agencies' free speech arguments have been a reliable protection against suits in the past, but that defense did not completely hold up in a decision issued by Southern District Judge Shira A. Scheindlin last week.
6 minute read
April 25, 2005 |

Immigration Law

Stanley Mailman and Stephen Yale-Loehr, co-authors of "Immigration Law and Procedure," write that in 1998 the Immigration and Naturalization Service seemed to deal the EB-5 a death blow. Yet today, seven years later, there is new hope for the EB-5.
7 minute read
July 08, 2011 |

Schneiderman Is Probing NFL Lockout

2 minute read
January 18, 2008 |

Newsbriefs

4 minute read
September 13, 2006 |

Marketplace

Charlotte Moss, interior designer and distributor of upholstery and fragrances, secured a 10-year lease for a new retail outlet at 20 East 63rd Street.
3 minute read
June 21, 2002 |

Immigration Law

A s Washington still seeks to allocate blame for the Sept. 11 terrorist attacks, one of the emerging candidates is the questionable Social Security card and the ability of undocumented immigrants to get it and use it. See, e.g., Robert Pear, "Foreigners Fraudulently Get Social Security Cards," The New York Times, May 20, 2002 (citing a report by the inspector general of the Social Security Administration (SSA) that 100,000 Social Security numbers (SSNs) were wrongly issued to noncitizens in 2000).
11 minute read
January 29, 2010 |

Investors' Suit Against Moody's, S&P Dismissed

Moody's and Standard & Poor's are not liable for nearly $100 billion in losses allegedly incurred by a group of investors in mortgage-backed securities issued by Lehman Brothers, a federal judge has ruled, granting the rating agencies' motion to dismiss the investors' suit. The judge sided with Moody's and S&P, who said they were not liable under the Securities Act of 1933 as either underwriters or sellers.
1 minute read
July 08, 2011 |

LeClairRyan Acquires 14-Lawyer N.Y. Firm

2 minute read

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