AG Holder slams S&P for 'egregious' conduct in ratings

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TODAY'S NEWS AG Holder slams S&P for 'egregious' conduct in ratings Standard & Poor's "egregious" conduct in manipulating its assessment of the soundness of collateralized debt obligations cost investors more than $5 billion and helped to tank the nation's economy, Attorney General Eric Holder Jr. said in explaining why the government decided to sue the agency. Future law school applicants are wealthier, more self-confident Aspiring lawyers tend to be more self-confident, enjoy more family wealth and are more likely to have a lawyer parent than the average college student, according to research released by the Law School Admission Council. ACLU presses targeted killing suit in Washington court Civil liberties lawyers are urging a federal trial judge in Washington to keep alive a lawsuit that alleges the government unlawfully killed three U.S. citizens in drone strikes in Yemen. SPONSOR SPOTLIGHT Are you and your firm facing unprecedented change? Register today to view The Lawyer Personality: Four Strategies to Gain a Competitive Advantage. In this Webinar, Dr. Larry Richard, a leading expert on the lawyer personality, explains the most potent strategies that law firm leaders can employ now. Law firms that apply these strategies can gain a competitive advantage and learn how to apply change to their own practice. Click here to watch the Webinar On-Demand today! Former Mass. speaker contests conviction, arguing no proof of bribery deal Former Massachusetts House of Representatives Speaker Salvatore DiMasi asked a federal appeals court to overturn his eight-year sentence for accepting bribes because of insufficient evidence and improper jury instructions. Four employment lawyers jump from Cooley to Proskauer Rose Starting February 6, Connie Bertram, formerly the head of Cooley's employment and labor and government contractor compliance practice groups, joins Proskauer as a partner. She is joined by senior counsel Guy Brenner and special counsel Dan Davis, formerly associates with Cooley. Emilie Adams also joins Proskauer from Cooley as an associate. SPONSOR SPOTLIGHT Need to transfer files from paper to mobile devices? Register today to learn more about Bridging the Mobile/Paper Gap to Increase Productivity . This informational webinar will review the trends, risks and challenges faced by law firms and corporate legal departments at the interface between mobile devices and paper. Then it will investigate the solutions designed by Canon U.S.A. to help mitigate those risks and challenges. Click here to register Developer attorney stands up for little guy in California case Christopher Carr, chairman of Morrison & Foerster's environmental and energy practice, discusses what attracted a developer-side attorney like himself to represent the residents of a small housing development in Tahoe, Calif., who are opposing an emergency access road for the nearby Northstar ski resort. Sen. Rockefeller hears CEO support for cybersecurity legislation Ask CEOs from the Fortune 500 for their thoughts on cybersecurity legislation and, if you're Senator Jay Rockefeller (D-WV), you shall receive. THIS WEEK'S ISSUE THE PRACTICE VOIR DIRE Tag since Gonzaga; adviser for the joint; opposites do not attract; and Saintly suffering in this week's column. OPINION Raise the cost of gun violence Creative use of the tax and liability laws can discourage illegal or careless use of firearms. MOST POPULAR STORIES Avoiding law school in droves Attorney's blogging prompts ethics complaint Raise the cost of gun violence License denied to law grad investigated for cheating on bar exam New stab at defining patentability With Cordray's authority in doubt, banks weigh spurning his agency Citing 'bad deal,' DOJ sues to block $20B beer merger Ruling allows council to 'flag' disabled Law School Admission Test takers Attorney disbarred for plundering trust account After four years of big wins and losses, Breuer to step down at DOJ		IN FOCUS Kappos leaves big shoes to fill at patent office Among his achievements: reducing the backlog of applications and implementing the patent reform law. Go to In Focus   THE BLT | The Blog of the Legal Times DOJ Weighing Implications of D.C. Circuit Ruling on Recess Appointments Former FTC Commissioner Rosch Moves Back to Latham & Watkins Senators Target 'Pay-for-Delay' Pharmaceutical Deals THE CAREERIST | a lawjobs.com blog Cheating and Suing to Get What You Want On-Site Career Coaches—the Latest Big Law Must-Have? The Radical of Washington Square LAW.COM NEWSWIRE Clifford Chance Relocating U.K. Banking Litigation Head to Hong Kong Linklaters Recruits M&A Partner in Singapore Charisma 101 for Lawyers Milan Court Convicts Three Americans in CIA Kidnapping Two Firms to Open in Myanmar If you have Twitter account, you can now follow NLJ Editor in Chief David L. Brown at twitter.com/davidlbrownjr. Follow him for links to key stories and updates from the NLJ newsroom. You can also track news on Twitter from the NLJ's Washington bureau at twitter.com/legal_times. Sen. Rockefeller Hears CEO Support for Cybersecurity Legislation Chief Counsel David Galluzzi is Marvel's Supersuit SEC Not Backing Down in Fight Against Chinese Auditors AG Holder Says Civil Suit Against S&P Over 'Egregious' Conduct Fighting Recess Appointments, GOP Senators Seek to Stop 'Regulatory Train Wreck'

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