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The SEC capped its investigation into Fannie Mae and Freddie Mac by charging six former executives with failing to disclose their companies' exposure in high-risk mortgages. The defendants have fired back, with one arguing that there's no standard definition for subprime loans.
We've all been waiting for the other shoe to drop since word leaked in April that AIG was getting ready to sue the banks that sold it $40 billion in toxic mortgage bonds. On Monday AIG's lawyers at Quinn Emanuel slammed it down--and hard. The bank's new litigation woes, coupled with the U.S. credit downgrade, may have conspired to knock 20 percent off BofA's stock price on Monday.
Kevin Jakel left Intuit to found Unified Patents, with the aim of fighting cases brought by non-practicing entities. On Thursday, Unified asked the PTO to review a patent held by Clouding IP, which covers techniques used by most cloud storage companies.
China's IP Law Revisited to Prepare for WTO Entry
A condition of China's membership in the World Trade Organization is compliance with the minimum requirements of the Trade-Related Aspects of Intellectual Property (TRIPS) Agreement. But Chinese intellectual property laws have used a much more restrictive definition of trademarks than the broader one used in TRIPS. These laws must be amended and modernized if China is to enter the WTO.Beer Truck Collision Yields $825K For Plaintiff
Nance Hutter v. DiChello Distributors, Inc. and William Inglis: While she was stopped behind a driver making a turn on a residential Darien street, Nance Hutter's Land Rover was hit from behind by a loaded beer truck. The truck from DiChello Distributors in Orange was being driven by William Inglis, and was carrying a load of more than seven tons of beer.After 30 Years, Lawyer Moves His Practice From a Barn to BigLaw
Buchanan Ingersoll & Rooney has added to its white-collar defense practice through the addition of a 40-year veteran with experience representing the likes of John E. du Pont and former congressman Edward M. Mezvinsky.State Supreme Court Issues Final Report on Juvenile Justice System
The state Supreme Court has issued its final progress report on the implementation of changes recommended by the Interbranch Commission on Juvenile Justice, which was convened in response to the Luzerne County "kids-for-cash" scandal.Wyeth v. Levine: What's in It for Young Lawyers?
The U.S. Supreme Court decided Wyeth v. Levine March 4, which rejected the federal pre-emption defense to failure to warn claims against pharmaceutical manufacturers.A Buyer's Guide to Law Firm Software
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