0 results for 'Jenner Block'
Firms Buying Their Way Into the High Court Club
With its relatively minimal docket, the Supreme Court wouldn't necessarily come to mind as a growth market. But it's becoming one. It's now standard operating procedure for clients in high-stakes corporate cases before the Court to snag a member of the high court bar, the elite and exclusive cadre of practitioners who have effectively cornered the market and, in a sense, serve as unofficial gatekeepers to the Court. But now, more firms are trying to buy their way into the club.Is K-V yet another disappointed ARS plaintiff? Terms of the settlement are confidential, but the timing suggests surrender by K-V.
Already facing a securities class action and a lawsuit by New York's attorney general, Ernst & Young is now hit with claims by the investment firm led by former AIG chairman Hank Greenberg. Starr International seeks damages for losses on $200 million in Lehman securities that it bought in June 2008.
Parties Dispute What Court Meant in Order for Redistricting Review
As early voting got under way on Oct. 18, the U.S. Supreme Court ordered a three-judge federal panel to reconsider the panel's decision earlier this year to affirm the Texas Legislature's 2003 remapping of the state's 32 congressional districts.Lehman examiner Anton Valukas said there wasn't much evidence that Citi "acted unreasonably, irrationally, arbitrarily, or in bad faith" when it threatened to withhold credit from Lehman's brokerage unit after Lehman filed for bankruptcy. But according to the trustee, Citi's threats were just the beginning of a billion-dollar fraud.
Citing Lehman's infamous Repo 105 balance transfers, federal district court Judge Lewis Kaplan ruled that most of the claims in the mammoth Manhattan securities class action against Lehman's directors, officers, auditor, and underwriters could move forward.
Speculating about who will be nominated to fill openings at the U.S. Supreme Court is, in our opinion, rather like eating Thin Mints. It's delicious and addictive, but in the end, no good comes of it. We held out for a week after Justice Stevens announced his retirement, but a Legal Times post finally broke our resistance.
In the latest win for the National Credit Union Administration, financial institutions including Royal Bank of Scotland and Wells Fargo lost a bid to dodge claims that they duped Kansas-based U.S. Central Federal Credit Union into pouring hundreds of millions of dollars into residential mortgage-backed securities.
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