Expanding Insider Trading Probe Nets Lawyers
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Law.com
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Fri 3:02 am ET Two lawyers were among several people arrested Thursday in a rapidly expanding hedge fund insider trading scandal. Arthur J. Cutillo allegedly gave information about mergers and acquisitions he gleaned as an associate at Ropes & Gray to Jason Goldfarb, an associate with the personal injury firm Brecher Fishman Pasternack Walsh Tilker & Ziegler.
Testing the Scope of BofA's Privilege Waiver
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Law.com
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Fri 3:02 am ET A group of plaintiffs lawyers is testing whether Bank of America's waiver of attorney-client privilege in the Merrill Lynch flap might apply to shareholder suits against BofA related to its merger with Merrill.
D.C. Court of Appeals Resurrects Cell Phone Radiation Cases
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Law.com
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Fri 3:02 am ET The D.C. Court of Appeals last week revived a series of lawsuits by individuals who say they were harmed by cell phone radiation, adding yet another wrinkle to a debate within U.S. courts over whether national regulations trump state laws when it comes to issues surrounding cell phone safety.
Law School Professor Withdraws Suit Against Legal Blog
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Law.com
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Fri 3:02 am ET A law school professor has withdrawn a suit accusing legal blog Above the Law of publishing a "viciously racist series of rants" after reporting his arrest for suspicion of soliciting prostitution.
Fla. Firm's Attorneys Rally Their Defenses as Partner Faces Fraud Allegations
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Law.com
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Fri 3:02 am ET The downfall of one-time power broker Scott Rothstein amid an alleged fraud that investors say cost them at least $400 million is generating new business for lawyers all over South Florida -- and some of that business is coming from attorneys with the Rothstein Rosenfeldt Adler law firm.
Note to Supreme Court Justices: Specter Saw You on TV
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Law.com
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Fri 3:02 am ET Sen. Arlen Specter, D-Pa., has been a longtime advocate of televising sessions of the U.S. Supreme Court, a quest that has repeatedly fallen on deaf ears at the high court. But in a speech on the Senate floor Thursday, Specter noted that the justices haven't exactly been camera-shy of late, appearing in television interviews and a recent C-SPAN documentary.
Bank of America's Top Lawyer Wasn't Licensed to Drive Merrill Deal
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Law.com
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Thu Nov 5 During several weeks last year, when crucial legal decisions affecting not only Bank of America shareholders but the nation's economic system were being made, the bank fired its GC and replaced him with Brian Moynihan, a business executive who hadn't practiced law in years and wasn't even actively licensed as a lawyer when he was named.
Verizon Defeats Billion-Dollar ERISA Class Action Over Lawyer's Typo
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Law.com
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Thu Nov 5 We're betting that no one was more relieved by Verizon's defeat of a $1.67 billion ERISA class action than former Bell Atlantic in-house lawyer Barry Peters, who was responsible for the typographical error in the Bell Atlantic pension plan that was the basis of the class claims.
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