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The judge called the deal "half-baked justice at best," but still "better than nothing." And that's about the best Rakoff had to say for a case that's bedeviled him for six months.
To win a decision from the Second Circuit that could pave the way for investors to recover billions from the Republic of Argentina, Olson had to overcome fierce objections not only from Argentina, but also from the U.S. Department of Justice.
The courts have largely ground to a halt for the holidays, though there's still time for few more decisions in 2012 that could ensure a happy or gloomy New Year for the litigators involved. In the meantime, here are some of the biggest rulings we're looking forward to in 2013.
Attorneys Seek Review of Investor Fund
A group of plaintiffs' attorneys, the Public Investors Arbitration Bar Association, is calling for an investigation of the use of a fund created to reimburse investors if their brokerage firms go bankrupt. The lawyers claim that the fund's managing group, the Securities Investor Protection Corp. (SIPC), and its trustees arbitrarily prevent customers of insolvent brokerage firms from recouping their losses. They also charge that the decisions of SIPC trustees are not driven by investors.The NLJ 250: Call it growth — barely
The NLJ's 27th annual survey of the nation's 250 largest law firms reveals that the number of attorneys grew by a mere 1.5% over the past year after a 1.6% rate the year before. Even more telling, the number of associates dipped by 3.5%. It was only they third time in the history of the survey that associate staffing dropped in consecutive years. View with free registration.State AI Legislation Is on the Move in 2024
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