Selections from the National Law Journal Daily Headlines October 7, 2008
By David Badertscher, PLL
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<p><font size="2"><strong>Source: </strong><em>NLJ.com, </em>October 7, 2008.</font></p>
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<p><a class="headline" href="http://alm.rsys1.net/servlet/cc6?HtuYQSRRRWQSVKIHKLjlkxJhmjlkQklHlLQgPQmkVaVS" target="_blank"><font size="2">FROM THE UPCOMING ISSUE
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In face of economic crisis, law firm clients range from panicky to opportunistic </font></a><br/><font size="2"><font color="#333333">"With the stock markets falling and credit markets tightening, law firms across the United States are dealing with panicky clients and scrambling to form new practice groups focused on the economic crisis. 'Clients are really looking to understand the terms of the Emergency Economic Stabilization Act,' the $700 billion bailout package signed into law last week, said Paul Merolla, head of LeClairRyan's financial services practice group." </font><br/><br/><!-- siteDateFormat MMMM d, yyyy --><!-- Style = headlineSummaryKickerNewsletter --><font color="#336699"><b><a class="headline" href="http://alm.rsys1.net/servlet/cc6?HtuYQSRRRWQSVKIHKLjlkxJhmjlkQklHlLQgPQmkVaVT" target="_blank">FROM THE UPCOMING ISSUE
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Battle over Wachovia highlights tension between state and federal laws</a></b></font><br/><font color="#333333">"The legal battle over whether Citigroup or Wells Fargo should be able to buy Wachovia is on hold for now, but the clash highlights the tension between state corporate laws and federal laws that govern banks as the government tinkers with banking-sector rescues. The announcement late Monday halting three separate lawsuits until at least Wednesday means the three sides are likely to reach an agreement about how to divvy up Wachovia, said John Singer, a partner at New York-based Singer Deutsch." </font><br/><br/><!-- siteDateFormat MMMM d, yyyy --><!-- Style = headlineSummaryKickerNewsletter --><font color="#336699"><b><a class="headline" href="http://alm.rsys1.net/servlet/cc6?HtuYQSRRRWQSVKIHKLjlkxJhmjlkQklHlLQgPQmkVaVU" target="_blank">WEB-ONLY
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Corporate counsel brace for more union organizing, higher health care costs after election </a></b></font><br/><font color="#333333">"This year's presidential election could mean some big changes for employers, warn corporate counsel, who are bracing for everything from higher health care costs to more union organizing. According to a recent survey of nearly 400 corporate counsel, six out of 10 corporate counsel expect this year's presidential election to affect labor and employment laws at their companies." </font><br/><br/><!-- siteDateFormat MMMM d, yyyy --><!-- Style = headlineSummaryKickerNewsletter --><font color="#336699"><b><a class="headline" href="http://alm.rsys1.net/servlet/cc6?HtuYQSRRRWQSVKIHKLjlkxJhmjlkQklHlLQgPQmkVaVW" target="_blank">WEB-ONLY
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Number of legal jobs is steadily declining, federal stats show</a></b></font><br/><font color="#333333">"The number of legal jobs is steadily declining, according to new employment figures from the U.S. Department of Labor. The law sector saw jobs shrink by 2,000 in September
the fifth consecutive month of losses." </font><br/><br/><!-- siteDateFormat MMMM d, yyyy --><!-- Style = headlineSummaryKickerNewsletter --><font color="#336699"><b><a class="headline" href="http://alm.rsys1.net/servlet/cc6?HtuYQSRRRWQSVKIHKLjlkxJhmjlkQklHlLQgPQmkVaVY" target="_blank">WEB-ONLY
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Milberg Weiss kickback defendant dealt three-month term</a></b></font><br/><font color="#333333">"A federal judge sentenced Howard Vogel to three months in prison to be followed by two years of supervised release for his receipt of kickbacks in taking on the role of a plaintiff in lawsuits brought by New York-based securities law firm Milberg, formerly known as Milberg Weiss. Vogel was also ordered to pay a fine of $4,000 as part of the sentence meted out this week after he pleaded guilty in August 2006 to one count of making a false statement in federal court."</font><br/><br/><!-- siteDateFormat MMMM d, yyyy --><!-- Style = headlineSummaryKickerNewsletter --><font color="#336699"><b><a class="headline" href="http://alm.rsys1.net/servlet/cc6?HtuYQSRRRWQSVKIHKLjlkxJhmjlkQklHlLQgPQmkVaVA" target="_blank">WEB-ONLY
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Illinois AG who led Countrywide settlement may make gubernatorial run </a></b></font><br/><font color="#333333">"Illinois Attorney General Lisa Madigan, who led the discussions that resulted in an $8.7 billion national settlement with mortgage lender Countrywide, said that she may run for governor of the state. Madigan, who sued Countrywide over alleged predatory lending practices in signing up homeowners for risky and costly mortgage loans, led the settlement discussions with California Attorney General Jerry Brown and reached a pact with Countrywide parent Bank of America that covers 11 states."</font><br/></font></p>
