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February 27, 2013
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Legal News in Brief

  Corporate Spotlight 
  National News 
  • Fed will stick with bond-buying program, Bernanke says
    The Federal Reserve plans to continue buying bonds at its current pace, Chairman Ben Bernanke said in testimony to the Senate banking committee. The Fed's stimulus efforts aren't creating asset bubbles or raising the risk of inflation, he said. "We do not see the potential costs of the increased risk-taking in some financial markets as outweighing the benefits of promoting a stronger economic recovery," he said. Bloomberg (2/27) LinkedInFacebookTwitterEmail this Story
  Legislative Dispatch 
  • House panel challenges SEC's budgetary needs
    The House Financial Services Committee is set to release a report that criticizes regulatory agencies for not efficiently using resources, specifically calling out the Securities and Exchange Commission. Republicans this week publicly challenged the SEC over its failure to foresee several large scandals in recent years. Reuters (2/26) LinkedInFacebookTwitterEmail this Story
  Employment Focus 
  • Common misconceptions about wrongful termination
    Being fired for unfair reasons doesn't necessarily constitute wrongful termination. "You can be dismissed for being left-handed, or blue-eyed, or too short, or too tall, or just because the boss doesn't like you," says Sharon Stiller, an employment lawyer. Even in large companies with good legal and HR departments, "most front-line managers don't understand these issues any better than employees do," she added. CNNMoney/Fortune (2/22) LinkedInFacebookTwitterEmail this Story
  Supreme Court and Federal Court Watch 
  • Gupta must pay Goldman Sachs for legal fees, judge says
    A judge has determined that Rajat Gupta, a former Goldman Sachs Group director, should pay the bank millions to cover the legal fees it incurred as a result of Gupta's insider-trading case. The bank showed that the majority of its "tendered expenses were both necessary and incurred during its participation in the investigation and prosecution of the offense of conviction," according to the judge. Fox Business/Dow Jones Newswires (2/25) LinkedInFacebookTwitterEmail this Story
  Other Legal News 
  • Courts face the possibility of sequestration cuts
    U.S. courts in New York are preparing for the automatic budget cuts that could take effect Friday and lead to employee furloughs. "It certainly is going to result in a cut in services if we have to go to furloughs. It's going to be much slower at the courthouse," Southern District Executive Edward Friedland said. New York Law Journal (2/26) LinkedInFacebookTwitterEmail this Story
  Professional and Business Development 
  PLI News 
  • An Alternative to Litigation Increasingly Demanded by Both Judges and Clients
    Lawyers who are experts in taking depositions or trying cases often find themselves in unfamiliar territory in a mediation or settlement negotiation, where the required skill set is a combination of advocacy, psychology, and poker. Learn from the experts at the Feb. 28 One-Hour Audio Briefing Mediation and Settlement -- Real World Strategies. LinkedInFacebookTwitterEmail this Story
  • Investment Management Institute 2013
    At this March 7 to 8 program, taking place in New York and at PLI Online, you'll hear expert panelists discuss significant business and legal developments in the investment-management area over the past year and important regulatory initiatives such as the SEC's regulatory agenda, mutual fund distribution, and the Jumpstart Our Business Startups Act and the Stop Trading on Congressional Knowledge Act. LinkedInFacebookTwitterEmail this Story
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If you want to truly understand something, try to change it."
--Kurt Lewin,
German-American psychologist

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