January 24, 2011 - 6:58pm

from the New York Times
By GRETCHEN MORGENSON
Published: January 24, 2011

Since the government took over Fannie Mae and Freddie Mac, taxpayers have spent more than $160 million defending the mortgage finance companies and their former top executives in civil lawsuits accusing them of fraud. The cost was a closely guarded secret until last week, when the companies and their regulator produced an accounting at the request of Congress.

January 24, 2011 - 6:51pm

From the ABA Journal
Posted Jan 13, 2011 5:30 AM CST
By Debra Cassens Weiss

E-discovery sanctions have reached an all-time high after three decades of litigation over alleged discovery wrongdoing, and lawyers are increasingly being targeted.

A study of federal decisions by three King & Spalding lawyers identified 30 cases in which attorneys were sanctioned for e-discovery violations, seven of them in 2009, according to a summary on the Catalyst E-Discovery Blog. Overall, 46 sanctions were awarded in 2009, the last year covered by the study.

January 24, 2011 - 6:43pm

From Reading Eagle

Cathy Cruz Marrero remembers her foot striking the base of the fountain as she held her purse and clutched the cell phone she'd been using to text.

The phone popped out of her hand and landed in the water as Cathy began her plunge into the Berkshire Mall fountain.

January 24, 2011 - 6:40pm

From the Atlanta Journal Constitution

The suit, brought by the owners of the Atlanta Thrashers of the National  Hockey League, claims that a poorly written contract written by the Atlanta law firm has prevented the sale of the NHL franchise for six years.  

Meanwhile the hockey team has lost more than $130 million in operating losses since 2005 – the year Boston-based partner Steve Belkin agreed to sell his 30 percent stake – and the franchise value has dropped by more than $50 million, according to a lawsuit filed Friday in Fulton County Superior Court.

January 24, 2011 - 6:34pm

From CNNMoney.com

Alston & Bird get top law firm rank at # 13, with Bingham McCutchen, Baker Donelson and Perkins Coie rounding out the field.

 

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