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Quinn Emanuel Urquhart & Sullivan breached one more line of defense this week in the Federal Housing Finance Agency's campaign against the banks at the heart of the subprime crisis.
In re: Initial Public Offering Securities Litigation
Rehearing of IPO Class Action Issue Denied; No Reason to Revise Standard for Class CertificationMassachusetts Mutual and its lawyers at Quinn Emanuel crossed a major hurdle on Tuesday in a crush of litigation against banks that underwrote residential mortgage backed-securities. A federal judge in Boston largely denied motions to dismiss nine separate suits that Quinn Emanuel filed against Credit Suisse, HSBC, JPMorgan Chase, Deutsche Bank, Royal Bank of Scotland, UBS, WaMu Inc., and Goldman Sachs.
Midlevel Associates Survey: Firms Improve, but Complaints Continue
With the results of The American Lawyer's 2006 midlevel associates survey comes the realization that not necessarily every associate aims for partnership. But one thing that has stayed the same is the level of frustration. And though the lack of communication between associates and partners continues to be a major gripe, at least one firm has taken heed of last year's poor survey score to make improvements. Plus: Take a look at how smaller and midsize boutiques rank against Am Law 100 and 200 firms.New York Court of Appeals Roundup
L ast month the Court of Appeals decided two criminal cases involving Sandoval rulings on the extent to which prior convictions could be used to impeach an accused exercising his right to testify and indicated that trial courts will be granted wide latitude in determining the scope of such cross-examination. It also dealt with the application of the doctrine of preclusion based on the public policy of denying recovery to those injured in the course of committing illegal acts.They say you can't beat the house. In litigation sparked by the collapse of the giant Fontainebleau casino project on the Las Vegas strip, neither the project's borrowers or a group of term lenders have been able to beat the banks.
Describing the third-party litigation financing business as "lumpy, unpredictable and high-risk," Burford Capital nonetheless announced significant increases in its financial results on Thursday.
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