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More than a decade ago, Bluebird paid less than par value for Continental certificates. Kasowitz has been trying ever since to boost their worth, but its litigation campaign against BoNY hasn't helped.
Pro Bono: Public Interest Projects
Thirteen attorneys from nine law firms who worked as counsel for victims of domestic violence have been honored by Sanctuary for Families. Also, next week marks the 30th anniversary of one New York City lawyer's annual fast, and one lawyer's devotion to the cause of Oxfam America. Read these stories and more news on local pro bono efforts.Manhattan federal district court judge Harold Baer appeared sympathetic to the claims against the ratings agencies, but explained that he was bound by existing law to dismiss those claims.
Famed media lawyer Floyd Abrams wants to file a heavyweight amicus brief in support of the documentary filmmaker ordered to turn over 600 hours of raw footage to Chevron. Chevron says the Second Circuit shouldn't take the brief unless it can respond.
Investor lawsuits against the credit rating agencies have, for the most part, failed to gain traction with judges in the wake of the financial crisis. But plaintiffs lawyers at Robbins Geller have bucked that trend before U.S. District Judge Shira Scheindlin in litigation over a pair of failed structured investment vehicles.
Time Warner stopped streaming Viacom shows in March 2011, after Viacom claimed that its licensing agreement didn't allow Time Warner subscribers to watch Viacom programs through broadband transmissions. The settlement allows that streaming to resume, for now at least.
Del. Supreme Court Upholds Libel Verdict Against Newspaper
The Delaware Supreme dealt a double blow to the The News Journal of Wilmington, Del., in a libel case. The court affirmed a jury verdict finding that a doctor was wronged by a newspaper story insinuating she recommended surgery for financial gain. The court also threw out a $2.8-million damage award for a new reckoning that would take into account the wealth of the Gannett Co., which owns the newspaper.When New Jersey superior court judge Michele Fox dismissed The Donald's libel suit against the author who dared to say he's not actually a billionaire, she ruled from the bench, without issuing a written opinion. But never fear: The Lit Daily has gotten hold of a transcript of her ruling. And let's just say Trump was thoroughly thumped.
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