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March 1, 2013
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Legal News in Brief

  Corporate Spotlight 
  • SEC updates FSOC on money-fund rules
    The Securities and Exchange Commission has updated the Financial Stability Oversight Council on possible changes to rules for money market mutual funds. Jack Lew, sworn in as U.S. Treasury secretary Thursday, leads the FSOC. The risk council also discussed the designation of nonbank financial companies as systemically important. Meanwhile, Sheila Bair, former head of the Federal Deposit Insurance Corp., has criticized regulators' process of determining whether a company is systemically important. Bloomberg (2/28), Bloomberg (3/1) LinkedInFacebookTwitterEmail this Story
  National News 
  Legislative Dispatch 
  • Democratic lawmakers reintroduce derivatives-transaction tax
    Derivatives, including futures, would face a 0.03% transaction tax under legislation introduced this week by Rep. Peter DeFazio, D-Ore., and Sen. Tom Harkin, D-Iowa. The pair floated similar bills in recent years, but the legislation never took hold. "There is no question that Wall Street can easily bear this modest tax," Harkin said. Platts (2/28) LinkedInFacebookTwitterEmail this Story
  Employment Focus 
  • Gay marriage "is a business imperative," firms tell Supreme Court
    Several U.S. companies are urging the Supreme Court to rule that laws banning same-sex marriages are unconstitutional. Companies including Apple, Facebook, eBay, Intel and Morgan Stanley argue in the brief that gay marriage "is a business imperative" because it makes it easier for companies to hire and retain the best domestic and foreign workers. CNNMoney/Fortune (2/26) LinkedInFacebookTwitterEmail this Story
  Supreme Court and Federal Court Watch 
  Other Legal News 
  • Lawyers: SHIELD Act is needed to hinder suits by "patent trolls"
    A group of lawyers at a recent Capitol Hill event pushed for the government to pass the Saving High-tech Innovators from Egregious Legal Disputes Act, or SHIELD Act, to curb litigation by nonpracticing entities. "Patent trolls are a huge problem for our industry ... costing retailers and wholesalers millions of thousands in legal fees, settlements and other resources each year," said Erik Lieberman, regulatory counsel for the Food Marketing Institute. The Blog of Legal Times (2/28) LinkedInFacebookTwitterEmail this Story
  Professional and Business Development 
  • Are you being naive about your career?
    People who think the formula for success is to show up, work hard and get paid are in for some tough career lessons, Alison Green writes. For instance, your hard work will go unnoticed unless you advocate for yourself. Also, when things are going well, keep in mind that one bad boss can ruin everything, she writes. U.S. News & World Report/On Careers blog (2/27) LinkedInFacebookTwitterEmail this Story
  PLI News 
  • Free Friday Is in the House
    The free on-demand Web segment Ethics for In-House Corporate Counsel 2012 will look at new developments in corporate governance, e-discovery, attorney-client privilege, ethics and outsourcing, and corporate whistle-blowing. LinkedInFacebookTwitterEmail this Story
  • Threats of Physical Harm in the Workplace May Arise in a Variety
    of Ways

    Typically, employers must contend with a threatening and aggressive employee while under considerable pressure to take action quickly. The March 5 audio briefing ADA and Mental Disorders: Employee Threats and Violence, Employer Assessments and Accommodations will discuss the latitude allowed and constraints imposed by the Americans with Disabilities Act and analogous state laws when employees engage in threats, bullying or violence in the workplace. LinkedInFacebookTwitterEmail this Story
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  Lawyer Life 
  • History, modern culture meet in Graz, Austria
    Beneath Graz, Austria's, medieval facade beats a modern heart of progressive music, art and interior design. By day, visitors can explore historical buildings constructed in the gothic, renaissance or baroque styles. By night, the city's music scene beckons with music ranging from frenetic electronica to smooth jazz. TravelAge West (2/25) LinkedInFacebookTwitterEmail this Story
  • Big-city barbecue joints stick to wood-fired grills
    Artisanal barbecue restaurants in major cities including New York and Philadelphia are bucking the traditional gas stoves and using wood-fired grills to prepare their succulent ribs and brisket. The technique yields a unique taste and appearance, which some say is worth the time and expense. "People say it's impossible to smoke the real way in the city," said Daniel Delaney of BrisketTown in Brooklyn. "It's not impossible. There are a lot of regulations, but you can do it." The Washington Post (2/26) LinkedInFacebookTwitterEmail this Story
Mediocrity knows nothing higher than itself, but talent instantly recognizes genius."
--Sir Arthur Conan Doyle,
Scottish-born writer

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