Wednesday, April 9, 2014

House Republicans Want Feds to Prosecute IRS Official

NEWS FROM WASHINGTON

• House Republicans Want Feds to Prosecute IRS Official

• Comcast Points to Appeals Court Rulings at Hearing on Merger

• Bank Regulators Approve $68 Billion Capital Increase

• Huge Punitive Damages Award in Actos Bellwether Trial

• 'Very Modest' Jobs Growth Seen For Law School Graduates

• Tax Proposal Harms Law Firms, ABA President Says

House Republicans Want Feds to Prosecute IRS Official

The House Committee on Oversight and Government Reform is expected on Thursday to hold former IRS official Lois Lerner in contempt. If the full House approves the contempt resolution, the U.S. attorney's office in Washington must decide whether to bring criminal charges—which hasn't happened since 1983. Read More »

Comcast Points to Appeals Court Rulings at Hearing on Merger

Comcast Corp. is using rulings from Washington's federal appeals court to try to allay antitrust concerns of lawmakers over the company's proposed merger with Time Warner Cable Inc. The deal would create the nation's largest cable and broadband Internet service provider. Read More »

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Bank Regulators Approve $68 Billion Capital Increase

The eight biggest U.S. banks will need a total of about $68 billion in additional capital under a new federal rule the financial services industry tried to kill. Read More »

Huge Punitive Damages Award in Actos Bellwether Trial

A jury in Louisiana has awarded more than $9 billion in the first federal bellwether trial over claims that taking Actos increases the risk of getting bladder cancer. Read More »

'Very Modest' Jobs Growth Seen For Law School Graduates

The law school class of 2013 didn't have much better luck than their predecessors in finding jobs, as entry-level employment data released Wednesday by the American Bar Association revealed that very little changed in the hiring market. Read More »

Tax Proposal Harms Law Firms, ABA President Says

American Bar Association President James Silkenat wants to convince members of Congress this week that the leading tax reform proposals on Capitol Hill would harm not only law firms and lawyers but also the businesses and other clients who hire them. Read More »



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