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February 14, 2013
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Legal News in Brief

  Corporate Spotlight 
  National News 
  Legislative Dispatch 
  • U.S., EU regulators to work on plans for dealing with bank failures
    Regulators from Europe and the U.S. are poised to explain to U.S. lawmakers their plans for dealing with the failure of a global financial institution. Martin Gruenberg, chairman of the Federal Deposit Insurance Corp., will tell lawmakers that an international working group is set to meet soon to discuss winding down large banks. Reuters (2/14) LinkedInFacebookTwitterEmail this Story
  Employment Focus 
  • Chicago police officers seek overtime pay for off-duty e-mails
    About 200 police officers in Chicago have joined a lawsuit arguing that they deserve overtime pay for time spent responding to e-mails while off duty. Employers can avoid similar lawsuits by not issuing smartphones to nonexempt workers and by reminding nonexempt workers that they do not need to respond to e-mails while off duty, Jim Burns writes. Forbes/The Employment Beat blog (2/12) LinkedInFacebookTwitterEmail this Story
  • Why retirement saving has become increasingly automated
    Employer-sponsored 401(k) plans are sometimes touted as a way to put workers in charge of their own retirement funds. Increasingly, however, workers are automatically enrolled in plans, and their dollars are directed into target-date funds, which contain a mix of investments that are selected for them. Plan administrators say the shift to automatic savings comes, in part, because of new information about investor behavior. "Our view in 1980 was unsophisticated about individual decision-makers," said Stephen Utkus, director of the Vanguard Center for Retirement Research. The New York Times (tiered subscription model) (2/11) LinkedInFacebookTwitterEmail this Story
  Supreme Court and Federal Court Watch 
  • More states become part of lawsuit over Dodd-Frank
    Several more states -- Texas, Ohio and Georgia among them -- have joined a case questioning whether the Dodd-Frank Act is constitutional. The suit initially took issue with the Consumer Financial Protection Bureau, but the states' attorneys general are concerned about a Dodd-Frank provision that grants the Treasury secretary "orderly liquidation authority." The federal government said last year that the plaintiffs don't have standing and requested that the case be dismissed. The Blog of Legal Times (2/13) LinkedInFacebookTwitterEmail this Story
  • Other News
  Professional and Business Development 
  • Don't lose your personality after you've been promoted
    Leaders can find it more difficult to maintain an authentic, personal brand and leadership style as they move up within an organization, Dana Theus writes. However, remaining true to yourself doesn't preclude meshing with company culture. "To do this, you have to delve beneath the MBA-speak about leadership and values we usually hear and go to the core of what makes you uniquely and authentically human," she writes. SmartBrief/SmartBlog on Leadership (2/11) LinkedInFacebookTwitterEmail this Story
  • Take ownership of your career
    Professionals headed toward becoming great leaders will reach an inflection point in their careers where they adopt an "owner's mindset," writes leadership coach Amy Jen Su. To get closer to this point, take full responsibility for everything that happens to you and start bringing a unique vision and energy to work projects. Start asking yourself, "if I were the partner or appointed lead, what call would I make?" she writes. The Huffington Post/The Blog (2/12) LinkedInFacebookTwitterEmail this Story
  PLI News 
  • A Time-Tested Guide to Asset-Based Lending Strategies
    Completely updated for recent regulatory changes, Asset-Based Lending: A Practical Guide to Secured Financing provides step-by-step coverage of the current techniques, documents, risks and protections at the heart of this complex specialty. LinkedInFacebookTwitterEmail this Story
  • Securities Litigation 2012: The Year in Review
    According to Gibson Dunn's just-released 2012 Year-End Securities Litigation Update, 2012 proved to be a mixed year for defendants in securities litigation, with several open questions and rare causes for optimism. The raw statistics show a steady stream of new filings, increasing median settlement amounts and developments, mergers and acquisitions litigation, and relatively low dismissal rates. The extensive report covering filing and settlement trends, Supreme Court life after Morrison and Janus, and more can be found on PLI's Securities Law Practice Center. LinkedInFacebookTwitterEmail this Story
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  SmartQuote 
Mistakes are part of the dues that one pays for a full life."
--Sophia Loren,
Italian actress


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