Royal Bank of Scotland to pay $612M in ongoing rate-rigging scandal

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TODAY'S NEWS Royal Bank of Scotland to pay $612M in ongoing rate-rigging scandal The Royal Bank of Scotland is the latest megabank to be implicated in the ongoing interest rate-rigging scandal, agreeing on February 6 to pay fines totaling $612 million. Supreme Court declines to wade into recess appointments case The U.S. Supreme Court on Wednesday refused to step into a labor dispute that involved a challenge to the constitutionality of President Obama's recess appointments to the National Labor Relations Board. To lure students, public law school drops out-of-state tuition Tuition freezes are so yesterday; waivers of higher out-of-state tuition rates are the new carrot for law schools to lure applicants. The University of Akron School of Law got the ball rolling on February 6, announcing that it would offer in-state rates to nonresident applicants. The school also will freeze tuition for the entering class of 2013 through graduation. SPONSOR SPOTLIGHT Competition is everywhere Are you? If you're not part of the conversation, you can consider yourself invisible. The ALM Legal Intelligence LinkedIn Group enables you to network, stay current on competitive intelligence trends, and gives you an opportunity to demonstrate thought leadership. So, what are you waiting for? Join the conversation at ALM Legal Intelligence's LinkedIn Group. Click here Effort to help out gets plaintiffs firm booted from E. coli case A prominent Seattle law firm that represents plaintiffs in food-borne illness cases has been ousted from a Colorado E. coli lawsuit because of a conflict. Banks claim judge's foreclosure stay violates due process Dozens of banks and other mortgage holders are asking a federal appeals court to overturn a Rhode Island federal judge's order stopping them from conducting foreclosures and evictions. Jury awards Stryker $70 million in infringement suit A jury has awarded $70 million to medical device manufacturer Stryker Corp. in a patent dispute with a competitor. 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 Ex-PTO director Kappos signs on as Cravath partner David Kappos, who stepped down last month as the director of the U.S. Patent and Trademark Office, has joined the law firm Cravath, Swaine & Moore. Attorney faces discipline for taking money from clients The State Bar of California has filed disciplinary charges against a Los Angeles attorney for taking $500,000 from a Chinese couple who hired him to obtain U.S. citizenship. THIS WEEK'S ISSUE THE PRACTICE Are women really not funny? Judith Baxter, a linguistic specialist and head of the English department at the United Kingdom's Aston University, discovered a huge gender gap in the way colleagues (male and female) respond to women's attempts at humor. If you've ever been the sole woman on a panel with a bunch of men, you might identify with the findings. 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 Citing 'bad deal,' DOJ sues to block $20B beer merger Ruling allows council to 'flag' disabled Law School Admission Test takers Future law school applicants are wealthier, more self-confident The law clerk hiring plan is dead, and good riddance Feds preparing to sue Standard & Poor's over pre-crash ratings		IN FOCUS New act expands design-patent rights Patent Law Treaties Implementation Act offers a unified procedure for obtaining design patents around the world. Go to In Focus   THE BLT | The Blog of the Legal Times Report Shows Judicial Vacancies Stretching Into the Thousands of Days House Committee Tells D.C. Circuit: Don't Touch Legislative Shield Chief Judges Group Calls for Changes in How Courts Determine Bail THE CAREERIST | a lawjobs.com blog Law School News—Optimistic and Smug Cheating and Suing to Get What You Want On-Site Career Coaches—the Latest Big Law Must-Have? LAW.COM NEWSWIRE Hofstra Law Dean Extols Practical Skills Iowa's Oldest Judge Retires at Age 90 Clifford Chance Relocating U.K. Banking Litigation Head to Hong Kong Linklaters Recruits M&A Partner in Singapore Charisma 101 for Lawyers 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. In 'Go-Private' Deals Like Dell, Get the Legal Dept. Ready to Juggle Ex-PTO Director Kappos Signs On as Cravath Partner Abacus Bank and the Power of Prosecutors' 'First Bite of the Apple' Royal Bank of Scotland to Pay $612M in Ongoing LIBOR Scandal Preserving Evidence When Litigation is Reasonably Anticipated

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