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December 28, 2012
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Legal News in Brief

  Corporate Spotlight 
  • FINRA fines 5 Wall Street banks over payments to lobbyists
    The Financial Industry Regulatory Authority said it imposed fines of just over $4.48 million on five Wall Street banks for improperly attempting to obtain reimbursement for payments to lobbyists from the proceeds of state and municipal bond sales. The regulator said the banks asked for the refund of fees paid to the California Public Securities Association by claiming that lobbying payments were underwriting expenses. Reuters (12/27) LinkedInFacebookTwitterEmail this Story
  National News 
  • Obama presses for Asian trade deal
    President Barack Obama has invested his own time, and that of Secretary of State Hillary Clinton, visiting Asia to build support for a trade deal that could bring the U.S. an additional $108 billion a year. Obama's trade strategy revolves around the proposed Trans-Pacific Partnership. Representatives of 11 countries, including the U.S., will discuss easing barriers to trade at a meeting in Singapore in March. Bloomberg (12/27) LinkedInFacebookTwitterEmail this Story
  Legislative Dispatch 
  Employment Focus 
  Supreme Court and Federal Court Watch 
  • Court sides with Wells Fargo in overdraft-fee case
    A U.S. Court of Appeals has thrown out a lower court's ruling that Wells Fargo must end its practice of ordering debit card transactions in a way that would maximize overdraft fees and must pay $203 million to customers. Wells Fargo's method is a "federally authorized pricing decision," the court said. It also found Wells Fargo liable for fraud violations of California's unfair-competition law. Bloomberg (12/26), The Wall Street Journal (12/26) LinkedInFacebookTwitterEmail this Story
  Other Legal News 
  • Critics of "patent-assertion entities" expect some relief in 2013
    Patent litigation is poised to remain an important issue in 2013 as the debate over "patent-assertion entities" continues. Such entities, which acquire patents for litigation purposes rather than product development, have been involved in an increasing percentage of patent lawsuits. Critics of patent-assertion entities expect some relief through the America Invents Act, and U.S. antitrust regulators may increase their scrutiny of patent transfers in the coming year. "It's clear the time has come to think very seriously about [patent-assertion entity] activity and its consequences on society," Jon Leibowitz, chairman of the Federal Trade Commission, said in a recent series of discussions on the matter. The Wall Street Journal/Law Blog (12/24) LinkedInFacebookTwitterEmail this Story
  Professional and Business Development 
  • 4 reasons your résumé isn't getting any bites
    The most common reason job seekers don't get interviews is that their résumés simply list the descriptions of their previous jobs without explaining why they'd be a good fit for the job they're applying to, Alison Green writes. Boring cover letters and bad feedback are other reasons that job seekers fail to get interviews. U.S. News & World Report/On Careers blog (12/26) LinkedInFacebookTwitterEmail this Story
  PLI News 
  • Free Friday Has a License To ... Ethics
    At the free on-demand Web segment Ethical Considerations in Licensing, taken from Advanced Licensing Agreements 2012, learn about drafting in anticipation/avoidance of litigation, what happens when a friendly deal turns litigious, deceit and candor, cross-border transactions, and communications with adverse parties. LinkedInFacebookTwitterEmail this Story
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  Lawyer Life 
  • NYC merrymakers find myriad flavors from around the globe
    Visitors and transplants craving holiday flavors from home or seeking the exotic this season are likely to find what they're looking for in the diverse holiday menus at New York City restaurants. Treats include traditional Jamaican hibiscus punch at MangoSeed, julskinka and gravlax from Sweden at Aquavit, and heaping plates of roast pork, rice and plantains at Sofrito. Daily News (New York) (12/23) LinkedInFacebookTwitterEmail this Story
If all misfortunes were laid in one common heap whence everyone must take an equal portion, most people would be contented to take their own and depart."
Greek philosopher

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