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January 11, 2013
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Legal News in Brief

  Corporate Spotlight 
  • FBI doggedly pursues Libor cases -- from Washington, D.C.
    The FBI's Washington, D.C., field office is driving the U.S. investigation into the London Interbank Offered Rate scandal and other benchmark rigging. "We've got an enormous amount of resources devoted to this," said Timothy Gallagher, head of the Washington criminal division, who is overseeing the probe. "People think that financial fraud is pursued in New York, but we're pursuing it vigorously here," Gallagher said. "There's more than enough to go around." Bloomberg (1/10) LinkedInFacebookTwitterEmail this Story
  National News 
  • Fed gives U.S. a record $88.9B
    The Federal Reserve paid the U.S. government a record $88.9 billion in 2012, a 17.9% increase from $75.4 billion in 2011. The central bank earned the money from the mortgage-backed securities and Treasury bonds it has bought. The previous record was $79.3 billion in 2010. The Washington Post/The Associated Press (1/10) LinkedInFacebookTwitterEmail this Story
  Legislative Dispatch 
  Employment Focus 
  Supreme Court and Federal Court Watch 
  • Former hedge fund manager admits to fraud
    Berton Hochfeld, who formerly managed a fund for Hochfeld Capital Management, has pleaded guilty to charges of securities fraud and wire fraud over money stolen from investors. Hochfeld, who will be sentenced in June, previously said that he used the money to pay for antiques and vacations, according to the government. Bloomberg (1/11) LinkedInFacebookTwitterEmail this Story
  Other Legal News 
  • Companies use "privateers" to assert their patents
    Some businesses are becoming involved with patent "privateers" -- companies that collect technology patents and use them to file lawsuits. Alcatel-Lucent and Microsoft are among the major companies that have been linked to such firms, according to this article. "The whole patent-assertion business is becoming more and more legitimized through these privateering operations," said Ron Laurie of Inflexion Point Strategy. Bloomberg (1/11) LinkedInFacebookTwitterEmail this Story
  Professional and Business Development 
  • 3 ways to become smarter about your industry
    Instead of jumping on a celebrity website when you've got some free time, use the opportunity to become more familiar with your industry, Lauren Bloch writes. Use news websites, industry publications and mobile applications to stay current and then share those updates with your network, she writes. (1/9) LinkedInFacebookTwitterEmail this Story
  • Are you afraid to ask for help?
    Get over your fear of being rejected or looking stupid and ask your network for what you need, Deb Mills-Scofield writes. If you don't, you are "in essence saying 'no' before the question has even been asked -- saying no to opportunities that change our businesses, our organizations, ourselves ... and actual lives," she writes. Harvard Business Review online/HBR Blog Network (1/8) LinkedInFacebookTwitterEmail this Story
  PLI News 
  • Free Friday Is No Expert ...
    At the on-demand Web segment Expert Witnesses at Trial, taken from Expert Witness 2012, learn about preparing your expert to testify at trial, Daubert and in limine motions, direct examination of experts, and cross-examination of experts. LinkedInFacebookTwitterEmail this Story
  • Web 2.0 Has Introduced a New Breed of Assets to the 21st Century
    The audio briefing Art of the Deal 2.0 -- Web 2.0 Issues in Technology Acquisitions, at PLI Online on Jan. 23, will outline the latest issues in M&A that arise from the growth of social media and electronic business -- how to buy that business with its social media assets, domain names, and account credentials intact. LinkedInFacebookTwitterEmail this Story
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  Lawyer Life 
  • Southern states bring back mason jars of moonshine
    For decades, Southerners have used corn and copper stills to make potent moonshine, also known as white whiskey. Now some individuals and distilleries are bringing the booze to market. "My great-grandfather made it because if they grew corn and couldn't get it to market, they could make liquor out of it," said Cody Bradford, who continued his family tradition of the homemade alcohol by starting the Howling Moon Moonshine company. "I love moonshine and think it's the best alcohol out there if it's done right." Bon Appétit online (1/7) LinkedInFacebookTwitterEmail this Story
The most valuable of all talents is that of never using two words when one will do."
--Thomas Jefferson,
3rd U.S. president

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