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February 26, 2013
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Legal News in Brief

  Corporate Spotlight 
  • CFTC will hold discussion on Libor changes
    The Commodity Futures Trading Commission has scheduled an event today to consider possible changes to the London Interbank Offered Rate. Industry participants including representatives from CME Group, NYSE Euronext and IntercontinentalExchange are expected to attend. CFTC Chairman Gary Gensler has expressed concern about benchmark interest rates. Meanwhile, the U.K. government has started seeking a body to take over supervision of Libor. Bloomberg (2/26), City A.M. (London) (2/26), Bloomberg Businessweek (2/25) LinkedInFacebookTwitterEmail this Story
  National News 
  • U.S. shutdown is possible if stopgap isn't passed soon
    Finger pointing between President Barack Obama and congressional Republicans focuses on the $85 billion sequestration set for Friday, but the price of deadlock could become much higher a few weeks later. The U.S. government could be forced to shut down if Congress doesn't adopt an interim funding measure by March 27. Bloomberg (2/26), Reuters (2/25) LinkedInFacebookTwitterEmail this Story
  Legislative Dispatch 
  Employment Focus 
  Supreme Court and Federal Court Watch 
  • Gulf states, feds work on Gulf spill settlement offer for BP
    BP would pay about $16 billion to settle Gulf of Mexico oil spill-related charges under a plan being crafted by Gulf Coast states and the Department of Justice, sources familiar with the matter said. The deal would cover payments under the Natural Resources Damage Assessment and possible Clean Water Act penalties owed by the company, the sources said. The Wall Street Journal (2/24) LinkedInFacebookTwitterEmail this Story
  Other Legal News 
  • Lawyers volunteer to help other Sandy victims
    Some attorneys dealing with property damage from Hurricane Sandy have volunteered their time to help other people who were affected by the storm. "Everybody's tired and frustrated, and many people are still waiting to hear from their insurers. It's a very slow process," said Tracey Discepolo, who has provided services at clinics run by the New York Legal Assistance Group and the Nassau County Bar Association. New York Law Journal (2/25) LinkedInFacebookTwitterEmail this Story
  Professional and Business Development 
  • Master "executive presence" to advance your career
    You need to learn to project an executive image if you want to get ahead in your career, writes Ken White, an associate dean at the University of Maryland's Robert H. Smith School of Business. Those with executive presence are confident, go-to people who keep their cool in a crisis. "Your executive presence is a major part of your personal brand," White writes. The Washington Post/Capital Business (2/24) LinkedInFacebookTwitterEmail this Story
  • How to shed your "too-young" image
    Being seen as too young can cost you a promotion, or the opportunity to work on an important project, Anita Bruzzese writes. To fight these perceptions, initiate personal interactions with colleagues, don't wear wrinkled clothes and avoid making too many references to your mom or dad, she writes. The Fast Track (2/22) LinkedInFacebookTwitterEmail this Story
  PLI News 
  • ERISA Controlled Group Liability for Private Equity Funds: Fully Covered or Over Exposed?
    This Feb. 27 audio briefing will focus on the court and administrative decisions addressing whether the Employee Retirement Income Security Act's controlled group liability provisions expose investment fund assets (including minority investments) to the pension plan liabilities of distressed portfolio companies. LinkedInFacebookTwitterEmail this Story
  • Get the Latest Securities Litigation News
    Each month on PLI's Securities Law Practice Center, we are pleased to share the most recent edition of the Simpson Thacher Securities Law Alert, edited by litigation partners Jonathan Youngwood, Peter Kazanoff and Paul Gluckow. This month's Alert discusses a Second Circuit decision regarding Section 16(b), three decisions from the Ninth Circuit, the latest from the Delaware Supreme Court and much more. LinkedInFacebookTwitterEmail this Story
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--Friedrich Nietzsche,
German philosopher

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