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November 29, 2012
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Legal News in Brief

  Corporate Spotlight 
  • CFTC finalizes clearing rule for swaps dealers
    The Commodity Futures Trading Commission unanimously approved a rule that will require Goldman Sachs Group, JPMorgan Chase and other swaps dealers to guarantee certain swaps at clearinghouses beginning in March. The rule outlines which interest-rate and credit default swaps must be processed through a clearinghouse. "Central clearing lowers the risk of the highly interconnected financial system," CFTC Chairman Gary Gensler said in statement. "It also democratizes the market by eliminating the need for market participants to individually determine counterparty credit risk, as now clearinghouses stand between buyers and sellers." Bloomberg (11/29), (11/28), International Financing Review (free content)/Reuters (11/29) LinkedInFacebookTwitterEmail this Story
Building on BU's Longstanding History in Graduate Legal Education
The online option for BU's renowned Graduate Tax Program (GTP) provides the same rigorous course of study as the residential program through an award winning online platform. This option is ideal for both U.S. and foreign-trained lawyers seeking to expand their expertise in tax law, but whose jobs preclude them from attending classes held on our Boston campus.
  National News 
  • Obama keeps pressure on for extension of middle-class tax cut
    President Barack Obama says both political parties agree on taxes for the middle class and that Congress should take action soon on a measure to extend the middle-class tax cut to next year. House Speaker John Boehner, R-Ohio, is optimistic that a deal to head off the "fiscal cliff" can be reached. Forbes (11/28), Reuters (11/28) LinkedInFacebookTwitterEmail this Story
  Legislative Dispatch 
  Employment Focus 
  • Most employers feel confident about their understanding of the ACA
    In a report from the Eastbridge Consulting Group, 63% of employers say they are "very much informed" about the Affordable Care Act, and more than one-third say they follow developments related to the law. Employers also weighed in on whether they would move employees to exchanges; 37% said they did not plan to do so, 20% expected to use exchanges, and 20% were undecided. (11/26) LinkedInFacebookTwitterEmail this Story
  Supreme Court and Federal Court Watch 
  • Argentina gets more time to battle $1.3B bond payment
    A U.S. appeals court has ruled that Argentina doesn't have to pay $1.3 billion to foreign creditors holding defaulted bonds while it fights a lower-court decision. The earlier ruling ordered Argentina to make the payment next month. The appeals court will take up the case in February. BBC (11/28) LinkedInFacebookTwitterEmail this Story
  • Judge keeps FHFA lawsuits against lenders alive
    U.S. District Judge Denise Cote has ruled that the Federal Housing Finance Agency can proceed with lawsuits against Credit Suisse Group, Bank of America and other banking giants. The lawsuits allege that the banks misled Fannie Mae and Freddie Mac into buying mortgage-backed securities that led to huge losses for the housing finance giants. The banks have denied the allegations. Reuters (11/28) LinkedInFacebookTwitterEmail this Story
  Other Legal News 
  • Survey: Many lawyers rely on iPhones, iPads
    Many lawyers use iPhones, according to a study from the technology firm Clio. More than 60% of respondents reported using the devices; in comparison, 24% said they used Android phones. More than half of the lawyers in the survey said they used iPads, and many of the people who don't said they were thinking about buying the device. (11/27) LinkedInFacebookTwitterEmail this Story
  Professional and Business Development 
  • How to avoid the trappings of success
    Success is dangerous because it can cause you to become overconfident or paralyze you with fear, Tara Hornor writes. "The fix here is to go back to your mission and vision. Focus. You can cut through the clutter and the clamor by getting back to your roots," she writes. Brazen Careerist/Brazen Life blog (11/27) LinkedInFacebookTwitterEmail this Story
  • How to find in-person networking events, Eventbrite and Facebook events are some of the resources you can use to find networking events, Kristin Johnson writes. "Going to a Facebook event, then continuing the event with photos and posts online afterward is a great way to strengthen relationships and begin new ones," she writes. (11/20) LinkedInFacebookTwitterEmail this Story
  PLI News 
  • Insight That Even the Most Experienced Practitioner Will Find Helpful
    Securities Law and Practice Deskbook contains thorough but accessible insight into securities law and regulation, including the sweeping Dodd-Frank changes and the Commission's recent enactment of the "proxy access" rules. LinkedInFacebookTwitterEmail this Story
  • Advanced Venture Capital 2012
    At this Dec. 4 program, in San Francisco and at PLI Online, gain an understanding of current market practices, deal terms and conditions, transaction documents and applicable securities, and tax and ethical issues that are critical in the venture capital business. LinkedInFacebookTwitterEmail this Story
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We acquire the strength we have overcome."
--Ralph Waldo Emerson,
American writer

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