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Holding his nose, a federal judge in Brooklyn approved Securities and Exchange Commission settlements with Ralph Cioffi and Matthew Tannin, the two former Bear Stearns hedge fund managers accused with great fanfare of helping to usher in the great recession.
Attorneys Reinstated From 2011 Ineligible List
The New Jersey Lawyers' Fund for Client Protection declares that the following New Jersey attorneys, having fully satisfied the requirements of the annual assessment, are hereby removed from the list of those declared ineligible by Order of the New Jersey Supreme Court dated September 20, 2011 and effective upon publication on September 26, 2011.Both firms face class claims for primary liability and aiding and abetting an alleged $900 million fraud by Mortgages Ltd. and another company. A Quarles & Brady partner has acknowledged to the SEC that he was concerned his client's actions had "a Ponzi scheme feel," according to the plaintiffs.
One of the most common complaints about the U.S. patent system is that inventors are claiming ownership of basic, widely understood ideas. In a case set for oral arguments this Friday, the Federal Circuit has a chance to mollify those critics--or to create new ones.
After more than a dozen years battling private antitrust claims over Microsoft's alleged stranglehold on the software industry, the company and its lawyers at Sullivan & Cromwell may have finally put the last of the cases to rest.
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