http://www.abajournal.com/news/ en Copyright 2013 2013-06-19T07:06:03-06:00 http://www.abajournal.com/magazine/article/does_a_prisoner_have_a_right_to_a_mohel_stanfords_new_clinic/ Constitutional Law, First Amendment, Criminal Justice, Sentencing/Post Conviction, Recession, Religious Law, Opening Statements Wed, 01 May 2013 04:10:19 -0500 43788.abajournal.com http://www.abajournal.com/news/article/credit-ratings_firm_seeks_dismissal_of_us_suit_says_its_statements_about_in/ In a motion to dismiss a civil suit by the U.S. Justice Department, Standard & Poor’s is arguing that its statements about independence and objectivity were classic puffery. The agency said such statements were too general and vague to form the basis for a fraud claim, report the Banking Law, Recession, Securities Law, Tort Law, Trials & Litigation Tue, 23 Apr 2013 07:18:59 -0500 43862.abajournal.com http://www.abajournal.com/news/article/doj_toughens_its_wall_street_strategy/ The U.S. Justice Department has a new, slightly tougher strategy in its pursuit of Wall Street wrongdoers. Rather than settling for deferred prosecution agreements, the department is seeking criminal guilty pleas from bank subsidiaries, the New York Times DealBook blog reports. The model was used Attorney General, Banking Law, Criminal Justice, Prosecutors, Recession Wed, 20 Feb 2013 06:30:19 -0600 42903.abajournal.com http://www.abajournal.com/news/article/us_sues_standard_poors_over_its_2007_ratings_of_bundled_mortgages/ The U.S. government has filed a civil fraud suit against Standard & Poor’s that claims the ratings service gave unwarranted optimistic ratings to bundled mortgages that tanked during the financial downturn. The Justice Department filed suit in Los Angeles federal court on Monday, report Reuters, the New York… Attorney General, Recession, Securities Law, Trials & Litigation Tue, 05 Feb 2013 08:27:24 -0600 42697.abajournal.com http://www.abajournal.com/news/article/aig_wont_join_suit_claiming_its_government_bailout_harmed_shareholders/ The board of American International Group won’t be joining a $25 billion lawsuit that claims shareholders were harmed by onerous terms of the insurer’s government bailout. The board announced its decision on Wednesday, report the New York Times Taking Note blog and the Associated… Banking Law, Corporate Law, Government Law, Insurance Law, Recession, Securities Law, Trials & Litigation Thu, 10 Jan 2013 08:19:08 -0600 42290.abajournal.com http://www.abajournal.com/news/article/aig_considers_joining_suit_claiming_its_government_bailout_harmed_sharehold/ American International Group will likely appear an ingrate if it agrees to join a lawsuit against the U.S. government claiming the insurer’s $182 billion bailout harmed shareholders. But AIG could face additional shareholder lawsuits if it decides against joining the $25 billion suit and the action ultimately proves successful, according… Banking Law, Corporate Law, Government Law, Insurance Law, Recession, Securities Law, Trials & Litigation Tue, 08 Jan 2013 09:35:16 -0600 42258.abajournal.com http://www.abajournal.com/news/article/mortgage_meltdown_cases_may_be_affected_by_decision_on_timing_of_sec_suits/ The U.S. Supreme Court will hold oral arguments Tuesday in a case that could have a big impact on the government’s ability to bring fraud cases seeking civil penalties, including cases involving risky mortgage practices. The issue before the court considers the statute of limitations period… Civil Procedure, Government Law, Real Estate & Property Law, Recession, Securities Law, Trials & Litigation, U.S. Supreme Court Fri, 04 Jan 2013 07:00:33 -0600 42190.abajournal.com http://www.abajournal.com/magazine/article/invasion_of_the_house_snatchers_some_see_foreclosures_as_rent-free_living/ Banking Law, Real Estate & Property Law, Recession, Obiter Dicta Tue, 01 Jan 2013 01:40:11 -0600 41975.abajournal.com http://www.abajournal.com/news/article/video_banner_week_for_financial_prosecutions_biglaw_partners_2013_predictio/ Editor's Note: We're experimenting with using more video on ABAJournal.com and will be bringing you this short weekly legal news brief from Bloomberg Law for the next few weeks. Thanks for the feedback so far. Please note that adding video would not mean eliminating text-based stories. Rather, we're exploring adding… Banking Law, Careers, Women in the Law, Criminal Justice, Judiciary, Law Firms, Partners, Law in Popular Culture, Personal Lives, Recession, Trials & Litigation, Verdicts & Settlements, U.S. Supreme Court Thu, 13 Dec 2012 13:46:57 -0600 42035.abajournal.com http://www.abajournal.com/magazine/article/biloxi_blues_legal-cost_fears/ Business of Law, Law Practice Management, Pro Bono, Careers, Lawyer Pay, Insurance Law, Labor & Employment, Oil Spill, Recession, Features Thu, 01 Nov 2012 05:08:04 -0500 41081.abajournal.com http://www.abajournal.com/news/article/first_of_three_furlough_days_shuts_ky_courts_today/ Kentucky state courts are closed today, in the first of three unpaid furlough days for judicial branch employees. The time is in response to a $25.2 million state budget cut, according to Louisville’s WDRB News. The unpaid days allow the court to avoid layoffs, the station reports,… Business of Law, Judiciary, Recession, Trials & Litigation, Attorney Fees Mon, 06 Aug 2012 16:07:16 -0500 40063.abajournal.com http://www.abajournal.com/news/article/judge_kozinski_writes_an_apology_sort_of_regarding_9th_circuit_conference/ If they could do it all over again, the San Francisco-based 9th U.S. Circuit Court of Appeals may not have chosen the Hyatt Regency Maui as its 2012 annual conference site. Chief Judge Alex Kozinski recently noted this in a letter (PDF) to Jeff Sessions, ranking member of… Judiciary, Recession, 9th Circuit Court Mon, 06 Aug 2012 13:58:45 -0500 40060.abajournal.com http://www.abajournal.com/magazine/article/reality_sinks_in_attitudes_have_changed_about_the_post-recession_marketplac/ ABA Journal, Law By the Numb#rs, Business of Law, Law Practice Management, Law Firms, Recession, Business of Law Wed, 01 Aug 2012 01:20:02 -0500 39718.abajournal.com http://www.abajournal.com/magazine/article/few_jobs_but_a_rack_of_suits_law_grads_claim_their_alma_maters_duped_them/ Education Law, Law Professors, Law Schools, Law Students, Recession, Trials & Litigation, The National Pulse Fri, 01 Jun 2012 03:30:44 -0500 38711.abajournal.com http://www.abajournal.com/magazine/article/unequal_justice_u.s._trails_high-income_nations_in_serving_civil_legal_need/ Bar Associations, ABA, Business of Law, Civil Procedure, Civil Rights, Legal Ethics, Legislation & Lobbying, Recession, Your ABA Fri, 01 Jun 2012 01:50:49 -0500 38722.abajournal.com http://www.abajournal.com/news/article/gwu_joins_lengthening_list_of_law_schools_opting_to_reduce_class_size/ Add another institution of legal learning to the lengthening list of those dealing with the recessionary economy by reducing the size of the incoming class. George Washington University Law School says it hopes to reduce enrollment in the first-year class from last year's 474 to below 450, the Law Schools, Recession Mon, 14 May 2012 17:43:57 -0500 38790.abajournal.com http://www.abajournal.com/news/article/doj_doesnt_tally_of_execs_convicted_in_financial_crisis_wrongdoing_is_embar/ The U.S. Justice Department says it doesn’t keep track of the number of high-level executives convicted as a result of wrongdoing related to the financial crisis. In a letter to Sen. Charles Grassley, R-Iowa, the department disclosed what it did know, the Wall Street Journal (sub.… Attorney General, Banking Law, Criminal Justice, White Collar Crime, Government Law, Recession Mon, 14 May 2012 11:28:33 -0500 38781.abajournal.com http://www.abajournal.com/news/article/chase_ceo_says_whale_swallowed_2b_in_profits_admits_egregious_mistakes_sec_/ A trader working for JP Morgan Chase & Co. known as the "London Whale" is being publicly blamed for what the bank's CEO, Jamie Dimon, describes as a potential $2 billion loss due to what news reports are calling a bet on corporate bonds. Dimon, who had last month called… Banking Law, Legislation & Lobbying, Recession, Securities Law Fri, 11 May 2012 13:06:00 -0500 38764.abajournal.com http://www.abajournal.com/magazine/article/from_opposing_sides_and_in_a_recession_two_attorneys_form_their_own_firm/ ABA Journal, Law Scribbler, Business of Law, Law Practice Management, Careers, Law Firms, Solos/Small Firms, Recession, Business of Law Tue, 01 May 2012 02:10:56 -0500 38258.abajournal.com http://www.abajournal.com/magazine/article/no_courts_no_justice_no_freedom_2012_law_day_theme_will_resonate_with_calls/ Administrative Law, Bar Associations, ABA, Midyear Meeting, Civil Procedure, Criminal Procedure, Judiciary, Recession, President's Message Sun, 01 Apr 2012 05:10:11 -0500 37696.abajournal.com