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Class action litigation is beginning to take shape over allegations that major banks manipulated Libor, the benchmark rate used to calculate interest on trillions of dollars in securities globally. On Monday the federal district court judge hearing the litigation consolidated 20 class complaints, and appointed interim class counsel.
White House Said to Be Widening Nominee Search
Washington's spin machine cycled into high gear Monday, churning out a new set of names as possible contenders to fill Justice John Paul Stevens' seat on the U.S. Supreme Court.Provision to Split Arbitration Fees Said to Violate Public Policy
Dividing 3-2, the Appellate Division, First Department, has refused to enforce as "violative of public policy" an agreed-upon provision requiring parties to an arbitration to split the costs. The ruling in allows a saleswoman who was fired after six years at an investment bank to take her discrimination claims to arbitration without having to front the cost of compensating the arbitrator.A new conversation on marriage
I serve on the board of directors of The Institute for American Values, a private, nonpartisan organization devoted to research, publication and public education on issues of family well-being and civil society.The Court vacated the honest services convictions of the Enron and Hollinger execs but remanded their cases to the circuit courts to determine if other parts of their convictions can stand. We've got predictions from Skilling counsel Dan Petrocelli at O'Melveny and Black counsel Miguel Estrada at Gibson--and an opposing take from Black's prosecutor, Eric Sussman, who's now at Kaye Scholer.
Lawyers' Fund for Client Protection List of Ineligible Attorneys
Notice to the bar.Creating a Culture of Compliance
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