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After a three-judge appellate panel reinstated a property owner's class action alleging that oil and chemical companies contributed to Hurricane Katrina's ferocity, the Fifth Circuit granted the defendants' motion to rehear the case en banc. Then, because it couldn't muster enough judges to hear it, the appellate court dismissed the appeal.
Supreme Court Takes Critical Look at Arbitration
The U.S. Supreme Court on Nov. 7 will examine whether the Federal Arbitration Act allows parties to an arbitration agreement to expand judicial review of an arbitration decision beyond the statute's terms. The case demonstrates the tension between those who view the FAA's principal purpose as enforcement of an arbitration agreement's written terms and those who agree with party autonomy, but add economy and finality as of equal importance. The decision could have a significant impact on corporate practice.Chicago's Lateral Market Heating up
More Chicago partners are jumping to new law firms or seriously contemplating a move after a year in which demand for profitable partners outstripped the number willing to leave stable positions, the city's recruiters and law firm managers said. Lawyers are more willing to take the risk as they see an uptick in client demand in the corporate, litigation and transactional areas.Minority GCs Are Few, Far Between
Only 10 of the Fortune 500's top lawyers are members of minority groups, according to a survey by the San Francisco-based Minority Corporation Counsel Association (MCAA). That's just 2 percent. In contrast, about 28 percent of the nation's 272 million people are black, Hispanic, Asian or other minorities. To most lawyers of color, the MCCA study's results are not surprising.Chicago market for laterals picking up
More Chicago partners are jumping to new law firms or seriously contemplating a move after a year in which demand for profitable partners outstripped the number willing to leave stable positions, the city's recruiters and law firm managers said.Continuing its warm embrace of arbitration and its disdain for class actions, the Supreme Court on Thursday ruled that agreements between companies and their customers can prohibit class action arbitration, even if that makes it harder for plaintiffs to vindicate their claims.
Stevens, High Court Liberal Leader, to Retire
U.S. Supreme Court Justice John Paul Stevens, a one-time centrist maverick who became a powerful leader of the court's liberal wing, announced his retirement on April 9, just 11 days short of his 90th birthday.Creating a Culture of Compliance
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