Legal Research

Selections from National Journal Daily Headlines January 22, 2009

By David Badertscher, PLL

Source: NLJ.com, January 22, 2009.

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FROM THE UPCOMING ISSUE  |  An ex-N.Y. deputy AG on why charities and schools are receiving Madoff-related subpoenas ? and what they should do
"Sally Blinken, a litigation partner in the New York office of Washington-based Venable and former deputy New York state attorney general, discusses why Madoff-related subpoenas have been served on a dozen or more prominent universities and nonprofits. "

FROM THE UPCOMING ISSUE  |  Cooley cuts 52 attorneys, 62 staff
"A memo from Cooley Godward Kronish chief executive Joseph Conroy Wednesday announced that the Palo Alto, Calif.-based law firm is laying off 52 attorneys and 62 staffers. The attorney cuts represent more than 8% of the firm's 618 lawyer headcount."

WEB-ONLY  |  Bid to win presidential pardon for heavyweight boxing champ fails
"A five-year effort to win a posthumous presidential pardon for Jack Johnson, the first African-American heavyweight boxing champion, was left in limbo when George Bush left the presidency without acting on a petition for clemency."

WEB-ONLY  |  WilmerHale's 2008 profits drive pay hikes
"Wilmer Cutler Pickering Hale and Dorr eked out 2008 revenue and profits-per-equity partner gains in the 1% range compared with 2007 numbers, and it announced plans to give salary increases this year."

WEB-ONLY  |  Law school to hold an open house in 'Second Life'
"In what is considered the first event of its kind, Santa Clara University School of Law is holding an open house in the virtual world of Second Life."

WEB-ONLY  |  Networks agree to pay $4M to settle claims of underpaid employees of reality shows
"A group of television production companies and networks, including Fox Broadcasting Co., American Broadcasting Cos. Inc. and CBS Broadcasting Inc., have agreed to pay more than $4 million to settle allegations that they underpaid about 400 employees who worked on shows including 'The Bachelor' and 'Trading Spouses.' " 

WEB-ONLY  |  Lawyers prepare for controversial IRS regulations of online payment networks
"If eBay power sellers are nervous about getting hit by the tax man, the online payment networks that handle their money should be equally worried. That's the advice lawyers are doling at as they warn about the coming effects of a new but little known law that former President Bush signed before leaving office."

COLUMNS

AUDITOR LIABILITY  |  The Madoff Matter
"The $50 billion Ponzi-scheme fraud allegedly perpetrated by Bernard Madoff is bound to raise fundamental questions about auditor liability, going far beyond the apparent issue of regulatory failure. Many of these concerns will quite possibly culminate in litigation targeting accounting firms."

Full post as published by New York Supreme Court Criminal Term Library on January 22, 2009 (boomark / email).