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We weren't the only ones disgruntled at the relatively small fine the SEC levied against BofA to settle charges that the bank lied to investors about Merrill Lynch bonuses when BofA acquired Merrill last September. On Monday, Manhattan federal district court judge Jed Rakoff will grill lawyers from the agency and the bank on the details of the proposed settlement--including why it's so small and whether taxpayer money will be used.
50 Years Later: Legacy of 'Brown v. Board'
To mark the 50th anniversary of the historic Brown v. Board of Education decision, Texas Lawyer recently brought together five attorneys whose current work is based on the U.S. Supreme Court's 1954 ruling. The lawyers discussed desegregation litigation's effect on public schools and how Brown has impacted such contemporary matters as school funding, voucher programs and mandates under the No Child Left Behind Act of 2001.A Texas judge not only agreed with a jury's finding that Dallas billionaire Trevor Rees-Jones breached his fiduciary duty to V&E partner D. Bobbitt Noel Jr., he tacked another $80 million on the trial verdict to boot.
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