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A major dispute over how severely to punish a corporate “insider” who makes gains from trading in the company’s stock with information other investors don’t have seemed a likely bet for Supreme Court review. But that won’t happen now: the Justice Department has decided not to test the question further, after losing on it recently in the Tenth Circuit Court.

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In a direct conflict with the Eighth Circuit Court, the Tenth Circuit on July 31 adopted a new theory on stock market activity that can have the effect of sharply reducing the amount of money an executive made on “insider” transactions, leading to a required lowering of the criminal sentence for conviction of that crime. […]

A major dispute over how severely to punish a corporate “insider” who makes gains from trading in the company’s stock with information other investors don’t have seemed a likely bet for Supreme Court review. But that won’t happen now: the Justice Department has decided not to test the question further, after losing on it recently in the Tenth Circuit Court. Read More »

Matthew Larrabee walked into his office at Dechert in October and pulled up a chair to a new desk and a fresh start.

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The 54-year-old former leader of Heller Ehrman was building from the ground up at Dechert, this time with a track record that included the dissolution of his previous firm during his tenure as its chairman. “I’m trying to communicate to the world that I’m back in practice and that this is what I’m good at,”

Matthew Larrabee walked into his office at Dechert in October and pulled up a chair to a new desk and a fresh start. Read More »

Mother of Eight Killed in DUI in Bakersfield, CA

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http://www.lawfuel.com/show-release.asp?ID=22688 August 9, 2009 (by Horatio Algren) According to reports a 25 year old driver has been arrested after hitting and fatally injuring the mother of eight children. According to the California Highway Patrol Maria Rodriguez age 54 was struck and killed while crossing a Bakersfield Street, when a driver allegedly driving under the influence

Mother of Eight Killed in DUI in Bakersfield, CA Read More »

Congressional Democrats hope to undo several high-profile Roberts Court decisions.

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The debate over Sonia Sotomayor’s confirmation to the U.S. Supreme Court took place against a backdrop of tension between the Democratic Congress and Sotomayor’s new colleagues. Since January, Democratic lawmakers have pushed legislation that would reverse the effects of several recent high-profile decisions, many of them driven by the Court’s five-member conservative majority. The Democrats

Congressional Democrats hope to undo several high-profile Roberts Court decisions. Read More »

The Senate votes 68 to 31 to confirm Sotomayor, who will be the first Latino and third woman ever on the nation’s highest court. Nine Republicans cross party line to support her confirmation.

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Sotomayor supreme court

Reporting from Washington — Sonia Sotomayor completed an unlikely and historic journey today, one that began with her birth in a Bronx, New York, housing project 55 years ago and culminated in her confirmation as the Supreme Court’s 111th justice. When she is sworn into office, Sotomayor will take her place as the high court’s

The Senate votes 68 to 31 to confirm Sotomayor, who will be the first Latino and third woman ever on the nation’s highest court. Nine Republicans cross party line to support her confirmation. Read More »

On a Monday morning in early March, two associates sat in an East Coast office of Morgan, Lewis & Bockius discussing a firmwide e-mail from chairman Francis Milone. It warned that because of the recession, 55 lawyers and 161 staff members would be told that day that “their employment will end.” These two associates felt relatively confident that their jobs were safe. But as they chatted, the phone rang, and the number of the partner both of them worked for popped up in the caller ID box of one associate’s phone. They panicked.

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As one associate looked on, the other answered what turned out to be a routine work-related call. After a collective sigh, the associates discouraged the partner from calling anyone else until later that day, after a meeting that had been scheduled to discuss the layoffs — the unofficial all-clear for associates unaffected by the cuts.

On a Monday morning in early March, two associates sat in an East Coast office of Morgan, Lewis & Bockius discussing a firmwide e-mail from chairman Francis Milone. It warned that because of the recession, 55 lawyers and 161 staff members would be told that day that “their employment will end.” These two associates felt relatively confident that their jobs were safe. But as they chatted, the phone rang, and the number of the partner both of them worked for popped up in the caller ID box of one associate’s phone. They panicked. Read More »

This case is going to bring new meaning to the “Glue Stic” product. For a Wisconsin man, one evening started out like a happy dream. The AP reports:

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Glue stick

A married eastern Wisconsin man thought he was going to a motel for a little romance with one of his handful of lovers. She allegedly played along and suggested he be tied up and blindfolded for a massage, according to court documents.But it ended up so horribly wrong: But four women eventually showed up to

This case is going to bring new meaning to the “Glue Stic” product. For a Wisconsin man, one evening started out like a happy dream. The AP reports: Read More »

Will it be long before we see outside ownership of law firms in the U.K.? Perhaps just a couple of years, reports Bloomberg, in a story out today.

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Uk flag wavy

In 2007, the U.K. changed its rules on law-firm ownership. Starting in 2011, when the new rules go into effect, firms will be allowed to accept outside investments. According to Bloomberg, three private equity funds — Fleming Family & Partners Ltd., Phoenix Equity Partners Ltd. and Lyceum Capital Partners LLP — are considering investing in

Will it be long before we see outside ownership of law firms in the U.K.? Perhaps just a couple of years, reports Bloomberg, in a story out today. Read More »

Organization is pursuing a major marketing effort to appeal to a broader audience, including small-firm lawyers.

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Incoming American Bar Association President Carolyn Lamm was so concerned about shoring up the organization’s membership and appealing to a broader audience that she started pitching in this year before the beginning of her term. ABA membership isn’t growing at the same rate as the profession, said Lamm, a partner in the Washington office of

Organization is pursuing a major marketing effort to appeal to a broader audience, including small-firm lawyers. Read More »

The legal profession has been singled out as too socially exclusive by a U.K. government report on fair access to professions.

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Wealthylawyer

The legal profession has been singled out as too socially exclusive by a U.K. government report on fair access to professions. The report, compiled by a panel chaired by former cabinet minister Alan Milburn, calls on occupations such as lawyers and doctors to widen access to their professions after becoming increasingly more exclusive in recent

The legal profession has been singled out as too socially exclusive by a U.K. government report on fair access to professions. Read More »

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