Recession

347 ABA Journal articles on Recession.

Former AIG chief can’t contest bailout terms, appeals court rules

Lawyers for the former CEO of American International Group say they will ask the U.S. Supreme Court to hear their client’s case after a federal appeals court ruled his new…

In 156 government cases against big banks, only 47 people have been charged

Only 47 people have been charged in 156 criminal and civil cases filed by the government since 2009 against the nation’s 10 largest banks, according to a newspaper analysis.

Most…

Judge rules MetLife isn’t too big to fail; stripped label means less oversight

A federal judge in Washington, D.C., has ruled for insurer MetLife in its battle to cast aside a designation that allowed for stricter scrutiny by the Federal Reserve and possible…

Victory but zero damages in ex-AIG chief’s $40B bailout suit against the feds

There was good news and bad news Monday for former American International Group chief executive Maurice “Hank” Greenberg.

First the good news: He won his federal lawsuit against the U.S.…

S&P to pay nearly $80M to settle claim over 2011 ratings of mortgage securities; bigger deal looms

Standard & Poor’s has agreed to pay nearly $80 million to resolve claims that it failed to disclose a loosened approach to rating commercial mortgage-backed securities after the 2008 financial…

Survey says BigLaw growth is highest since 2007, due to foreign mergers

The nation’s largest law firms had a robust 3.9 percent growth rate in 2013, ending the year with 4,412 more lawyers on their attorney rosters.

But that increase in headcount—the…

BigLaw is looking for change in all the wrong places: Part II

Previously, we identified two fundamental problems with the business model prevalent in many of our big law firms today, though it is by no means limited to big…

Law firms in the Great Recession: looking for change in all the wrong places

The last decade, particularly the last five years during the Great Recession, have generated tremendous change within law firms. Many long-term partners in large law firms poignantly observe that the…

Economic meltdown cases are being readied, Holder says

Attorney General Eric Holder says he expects to announce new cases related to the financial meltdown in the coming months.

Holder spoke with the Wall…

Former Goldman Sachs trader is found liable for securities fraud in big SEC win

A former Goldman Sachs vice president has been found liable for securities fraud for misleading investors about a mortgage investment created with the help of a hedge fund that bet…

At least one juror appears to snooze during CDO testimony in ‘Fabulous Fab’ securities trial

Jurors appeared bored and sleepy during complex testimony on Tuesday in the civil securities fraud trial of former Goldman Sachs Group vice president Fabrice Tourre, who once described himself as…

California law school to cut enrollment by 40 percent, lays off 9 staff members

Citing an unprecedented drop in law school applications across the country, the University of the Pacific’s McGeorge School of Law is cutting its enrollment and staffing.

Over the next three…

Does a prisoner have a right to a mohel? School’s new clinic takes on religious liberties case
Credit-ratings firm seeks dismissal of US suit, says its statements about independence were puffery

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…

DOJ toughens its Wall Street strategy, but critics see only a ‘symbolic reprimand’

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…

Read more ...




Your Voice

Articles and commentary ...



Digital Dangers logo with thumbprint lock.
Cybersecurity and the law

A guide for practitioners ...


Poll: Pick the purrfect caption

View Results