Feds preparing to sue Standard & Poor's over pre-crash ratings

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TODAY'S NEWS Feds preparing to sue Standard & Poor's over pre-crash ratings The U.S. Justice Department is preparing to file a civil suit against Standard & Poor's Financial Services LLC for its positive reviews of collateralized debt obligations in advance of the financial collapse, the ratings firm announced on February 4. GOP senators, fighting recess appointments, seek to stop 'regulatory train wreck' Senate Republicans are looking to stop work at the National Labor Relations Board and the Consumer Financial Protection Bureau, piggybacking on a federal appeals court ruling that invalidated some of President Barack Obama's controversial recess appointments. Class action alleges antidepression drug doesn't work Plaintiffs attorneys have filed a class complaint on behalf of millions of consumers of Zoloft, alleging they were misled about the effectiveness of the prescription antidepressant drug.   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! Ruling allows council to 'flag' disabled Law School Admission Test takers The Law School Admission Council has won the first round in its legal battle against the state of California over a law that seeks to protect disabled Law School Admission Test takers. Eighth Circuit dissolves class of pizza delivery drivers in case over tips A federal appeals court has overturned a class certification in a case brought by Domino's Pizza delivery drivers over tips   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 Sherman & Howard opens Atlanta office with hire from Paul Hastings Denver-based Sherman & Howard has launched an Atlanta practice with former Paul Hastings partner John Wymer. Midsize Houston firm gets bigger, broader with New Orleans push How does a Texas law firm elbow its way into New Orleans' tight-knit legal community? By scooping up one of the Big Easy's oldest firms, bien sûr. That's what Houston-based Beirne, Maynard & Parsons did in January, acquiring Lemle & Kelleher, a 120-year-old law firm with 19 attorneys in New Orleans and Baton Rouge, La.   THIS WEEK'S ISSUE THE PRACTICE Don't fear the Twitter Twitter continues to grow in popularity not because it is trendy, but because it is useful. OPINION The law clerk hiring plan is dead, and good riddance The U.S. Court of Appeals for the D.C. Circuit's announcement last week that its judges will not follow the Federal Judges Law Clerk Hiring Plan confirms what insiders have known for years: the plan does not work. 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 2013 Law School Applicant Counts Attorney disbarred for plundering trust account After four years of big wins and losses, Breuer to step down at DOJ		IN FOCUS Broadcasters battle purveyors of new technologies Aereo Inc.'s pitch is this: With one of its tiny antennas, no bigger than a dime, you can watch television through the Internet. For couch potatoes, it may sound like a great deal, but it is erupting into a litigation nightmare for broadcasters. Go to In Focus     THE BLT | The Blog of the Legal Times Dewey & LeBoeuf's Art Collection Goes on the Auction Block Daily D.C. Lateral Roundup: Morgan Lewis; Groom Law Group DOJ Asks High Court to Leave Machine Gun Ruling Untouched THE CAREERIST | a lawjobs.com blog The Radical of Washington Square Sex and Housekeeping Discrimination or Ineptitude--or Both? LAW.COM NEWSWIRE Charisma 101 for Lawyers Milan Court Convicts Three Americans in CIA Kidnapping Two Firms to Open in Myanmar Norton Rose Adds Beijing Partner Boston College Asks Federal Appeals Court to Toss IRA Tapes Ruling 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. Calling General Counsel to the Front Lines of Cybersecurity Barclays GC is Latest Executive Casualty of LIBOR Scandal FCPA Enforcement Stats Are Over-Hyped for Compliance Assessments Supreme Court Asked to Weigh in on NLRB Recess Appointments Future Bright for Silicon Valley's In-House Lawyers

 

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