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Investor lawsuits against the credit rating agencies have, for the most part, failed to gain traction with judges in the wake of the financial crisis. But plaintiffs lawyers at Robbins Geller have bucked that trend before U.S. District Judge Shira Scheindlin in litigation over a pair of failed structured investment vehicles.
The graveyard of auction-rate securities claims against Merrill Lynch got a bit more crowded this week, with two decisions in the space of two days dismissing suits by ARS investors. And judging by an appellate ruling that Foley & Lardner won Tuesday in one of the cases, most Merrill ARS claims are going to stay buried for good.
West Competitor Wins Fees in Suit Over Copyright
Saying West Publishing's conduct in defending itself on a copyright case brought by competitor Hyperlaw Inc. was "frivolous," a federal judge in New York ordered the legal publisher to pay its competitor $813,724 in attorneys' fees. Judge John S. Martin Jr., sharply criticized West for "asserting a copyright in a work consisting predominantly of the work of government agencies": the federal courts.Ineligible In-House Counsel, Multijurisdictional Practitioners and Pro Hac Vice Attorneys
Notice to the bar.It's been an eventful couple of weeks for plaintiffs lawyers at Robbins Geller Rudman & Dowd who are targeting Morgan Stanley and the three big ratings companies in a pair of coordinated suits in New York.
Labor Agency Audit of Firm Angers Immigration Lawyers
The U.S. Department of Labor has announced additional actions in its crackdown on companies trying to sponsor foreign workers for permanent residence. Meanwhile, the agency and New York's Fragomen, Del Rey, Bernsen & Loewy, the nation?s largest immigration law firm, are attempting to resolve issues that have resulted in an audit of the firm?s 2,200 pending and all future applications.Settlement in Pa. Turnpike Accident Suit Reached
A $3.25 million settlement has been struck in the Montgomery Common Pleas Court case of a man who alleged he had a disk herniation in his back after his truck was rear-ended when traffic was backed-up on the Pennsylvania Turnpike.Businesses' Immigration Compliance Policies Should Be "Just Right"
Unlike the Three Bears of fairy tale fame who were shocked by Goldilocks' unexpected home invasion, most Americans these days keep their doors locked, say Angelo A. Paparelli and Ted J. Chiappari. The same cannot be said for our country. The "doors" of the United States — in particular, our southern and northern borders and our "internal border," business worksites — have generated understandable frustration for citizens and legal residents who believe they are adversely affected by the presence of unauthorized immigrants. While U.S. immigration policy has generated angry polarization across the political spectrum, on one matter politicians of virtually every allegiance now agree: The federal government must crack down harder on businesses that flout immigration laws by employing unauthorized foreign workers.Creating a Culture of Compliance
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