Headlines • DOJ, SEC Accuse Bank of America of Lying to Investors • Don't Blame LSAT for Dearth of Minorities—Article • Lance Armstrong, Co-Defendants Move to Dismiss Lawsuit • New Trial Ordered in Bias Case Over 'Bachelor Pad' Ad • Obama Looks to End Fannie Mae, Freddie Mac • Clock's Ticking on ABA Pro Bono Requirement • Little to Gain from Motor City's Bankruptcy • Recovery is Picking Up the Pace in Chicago • King & Wood Mallesons's New Merger Faces Tougher Market • King & Wood Mallesons, SJ Berwin Agree to Merge The U.S. Department of Justice on Tuesday filed suit against Bank of America Corp. and its affiliates, accusing them of lying to investors about the riskiness of residential mortgage-backed securities. In a parallel civil action, the U.S. Securities and Exchange Commission filed a lawsuit lodging similar allegations. Read More » Advocates for diversity in the legal profession have long identified the Law School Admissions Test as a major barrier to black and Hispanic law school applicants because on average they score lower than do whites and Asians-Americans. According to a University of Virginia School of Law professor, the blame is misplaced. Read More » Sponsor Spotlight: Law Librarian M.S.: St. John's Flexible, affordable, St. John's University's M.S. and Advanced Certificate programs in Library and Information Science combine top faculty with the resources of New York's best law libraries. Students receive well-equipped laptops.
Contact Jeffery Olson, Ph.D., J.D., Associate Provost and Director of Library and Information Science: (718) 990-6200; dlis@stjohns.edu. Visit www.stjohns.edu/lawlibrarian | The publishers of Lance Armstrong's autobiographical books have moved to dismiss a proposed class action asserting that they misled consumers into believing they were buying an honest narrative of the disgraced cyclist's real life. Read More » A federal appeals court has revived a housing discrimination case against a real estate investment firm over a Craigslist advertisement that described an apartment as a "great bachelor pad for any single man looking to hook up." Read More » Sponsor Spotlight: Join MINTZ LEVIN - August 12 Join us August 12 at 1:00 pm EST, 10:00 am PST for a webinar featuring a discussion about the impact of the Windsor decision on employee benefits, immigration, employment, wealth transfer, securities, bankruptcy, litigation, taxes, and more. Visit www.mintz.com/Post-DOMA-Webinar for details. NY & CA CLE credit available.
| President Barack Obama officially launched his campaign to transfer most of the responsibilities currently undertaken by Fannie Mae and Freddie Mac to the private sector, as part of an effort to prevent another taxpayer-funded bailout. Read More » The American Bar Association has an opportunity to provide national leadership on law student pro bono programs. Read More » When Detroit filed for the largest municipal bankruptcy in U.S. history on July 19, it served as stark evidence that the regional economy has yet to recover from the Great Recession. The city's continuing troubles have hammered law firms heavily dependent on automakers for corporate work and employment litigation. Read More » With bright spots in real estate, health care and regulatory work, Chicago's legal community reported a fairly strong first half of 2013 following years of slow recovery. But like most in the Midwest region, the real focus is on whether revenue growth will accelerate so that clients can boost their legal spends overall. Read More » Changed economic conditions mean the firm now seems to be bringing together three slowing markets instead of two booming ones. Read More » The tie-up will create a new firm with 2,700 lawyers and more than $1 billion in annual revenues. Read More » | 
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