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March 6, 2013
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Legal News in Brief

  Corporate Spotlight 
  National News 
  Legislative Dispatch 
  • Obama seeks budget-deal support from Republicans
    Putting talks with GOP leaders on the back burner for a while, President Barack Obama is reaching out to rank-and-file Senate Republicans to build support for a budget deal with higher taxes to pay down U.S. debt. Obama told senators that he is willing to make changes in health care and retirement programs to get a budget compromise that includes higher taxes. The Washington Post (3/5), Bloomberg (3/6) LinkedInFacebookTwitterEmail this Story
  Employment Focus 
  • Firing leads to lawsuit against Yahoo
    Interclick founder Michael Katz has sued Yahoo, alleging breach of contract because he was fired weeks before he was supposed to receive a bonus. Katz retained a leadership role at Interclick after it was purchased by Yahoo in 2011. Reuters (3/4) LinkedInFacebookTwitterEmail this Story
  • Unemployed are finding jobs faster, data indicate
    The median length of time for job searches was 16 weeks in January, compared with a peak of 25 weeks in June 2010, according to Labor Department data. Demand for recruiters and staffing agencies is expected to increase as the labor market tightens, BMO Capital Markets analyst Jeffrey Silber says. Bloomberg (3/3) LinkedInFacebookTwitterEmail this Story
  Supreme Court and Federal Court Watch 
  • Banks seek dismissal of Libor lawsuits
    JPMorgan Chase, Bank of America and other banks are being sued by local governments, community banks and customers regarding possible manipulation of the London Interbank Offered Rate. The defendants have asked U.S. District Judge Naomi Reice Buchwald to dismiss the cases, arguing there is no evidence they broke the law. Reuters (3/5), Bloomberg (3/5), The Wall Street Journal (3/5) LinkedInFacebookTwitterEmail this Story
  • Court adds clarity to whistle-blower retaliation cases
    The U.S. Court of Appeals for the 2nd Circuit has provided clarification for handling whistle-blower retaliation claims with regards to the Sarbanes-Oxley Act. The case involves a vice president of technology commercialization who was removed from his post in 2003. The former executive had to show that he was taking part in a protected activity and that his company knew that, and that such activity led to an unfavorable action, according to Judge Jose Cabranes. New York Law Journal (3/6) LinkedInFacebookTwitterEmail this Story
  Professional and Business Development 
  • The tougher the road, the bigger the payoff
    Don't be ashamed if you feel like you're struggling; take it as a sign you're growing, Steven Snyder writes. Embrace your career struggle by seeking difficult assignments and absorbing negative feedback. Enhance your resilience by taking up daily and weekly practices that will keep you personally centered such as exercising or gardening, Snyder writes. CNN (3/6) LinkedInFacebookTwitterEmail this Story
  PLI News 
  • Foreign Banks Seeking to Diversify Their Financing Opportunities
    With careful planning, banks can access U.S. investors without subjecting themselves to the securities registration requirements applicable to public offerings and to ongoing disclosure and governance requirements applicable to U.S. reporting companies. Learn more at the March 8 audio briefing International Banking, Part II: Foreign Banks Accessing the U.S. Markets. LinkedInFacebookTwitterEmail this Story
  • USPTO to Hold Roundtable Discussions on RCE Practice
    There is a growing number of unexamined requests for continued examination (RCEs) clogging the U.S. Patent and Trademark Office docket. In fact, as of the end of fiscal 2012, 95,200 RCEs were awaiting examiner consideration, almost double the number in 2011. On PLI's Patent Law Practice Center, Gene Quinn discusses the upcoming series of public roundtables designed to solicit stakeholder input on ways the agency can reduce the number of RCEs. LinkedInFacebookTwitterEmail this Story
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