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March 26, 2013
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Legal News in Brief

  Corporate Spotlight 
  • FHFA looks to ban commission on "forced-placed" insurance
    The U.S. Federal Housing Finance Agency plans to file a notice of intention to prohibit insurers' payment of fees and commission to housing lenders that arrange "forced-placed" insurance. Lenders often are allowed to arrange the insurance when borrowers stop making mortgage payments. Banks sometimes purchase more expensive coverage than necessary to protect their investment, critics say. The Wall Street Journal (3/25) LinkedInFacebookTwitterEmail this Story
  National News 
  • U.S. corporate pension fund deficit continues to grow
    The total funding deficit for the biggest 100 corporate pension funds in the U.S. grew to an all-time high in 2012, despite record contributions by employers, according to a report by consulting firm Milliman. Businesses made $61.5 billion in contributions last year, 10% above the 2011 figure. At the same time, the aggregate funding deficit rose to $388.8 billion. Pensions & Investments (free registration) (3/25) LinkedInFacebookTwitterEmail this Story
  Legislative Dispatch 
  • Sen. Johnson reportedly will announce retirement
    Sen. Tim Johnson, D-S.D., chairman of the Senate banking committee, reportedly will announce his retirement, leading to speculation that Sen. Sherrod Brown, D-Ohio, could inherit the gavel. While other senators might have better claims to the chairmanship if the Democrats maintain control of the Senate, observers say, they could pursue different priorities. Reuters (3/25), The Hill/On the Money blog (3/25) LinkedInFacebookTwitterEmail this Story
  Employment Focus 
  • High unemployment persists for workers with disabilities
    With only 18% of the disabled population employed, the Americans with Disabilities Act isn't having its intended impact, some advocates say. "Employers are still catching on to the fact that the needs of most workers with disabilities aren't special, but employees with disabilities often bring specialized skills to the workplace," said Jeff Rosen of the National Council on Disability. "Perhaps no one knows how to adapt, think critically or find solutions better than someone who has to do so daily in order to navigate a world that wasn't built with them in mind." The Washington Post/The Associated Press (3/24) LinkedInFacebookTwitterEmail this Story
  Supreme Court and Federal Court Watch 
  • Supreme Court to hear Mich. affirmative-action case
    The Supreme Court has agreed to hear another case in the affirmative-action realm. The case, Schuette v. Coalition to Defend Affirmative Action, involves a ballot initiative called Proposal 2, which prohibited the consideration of race in the admissions process for public universities and colleges in Michigan. A lower court ruled that Proposal 2 ran afoul of providing equal protection under the law. The National Law Journal (free registration) (3/25) LinkedInFacebookTwitterEmail this Story
  Other Legal News 
  Professional and Business Development 
  • In an online era, offline job search still matters
    If you're looking to secure a job, personal connections and relationships are what really matter, experts say. "I learned that it's all about relationship building, that exchange and being creative. And it helps when it's a more genuine connection as opposed to just networking, which has such a loaded connotation," says Jessica Rodrigues, who was recently hired by the United Nations. The Wall Street Journal (3/24) LinkedInFacebookTwitterEmail this Story
  PLI News 
  • What Tactics Are "Fair" When FRAND Is in Dispute? FRAND Commitments and the Disabilities They Create
    This March 26 audio briefing will explore the origins of the problem and the need for definitions, the role of the various standard-setting bodies in reducing or eliminating contentious fights before they begin, the aspirational but poorly defined nature of FRAND, and the role that antitrust enforcement agencies are playing in the equation. LinkedInFacebookTwitterEmail this Story
  • Handling a Markman Hearing From Expert Witnesses to Education Aids
    In 1995, the Federal Circuit ruled in the Markman case that the determination of the scope of a patent claim is a question of law exclusively for the judge to decide. PLI's new Patent Claim Construction and Markman Hearings Deskbook provides in-depth guidance to this growing and crucially important area of patent practice. LinkedInFacebookTwitterEmail this Story
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It is often laziness and timidity that keep us within our duty while virtue gets all the credit."
--François de la Rochefoucauld,
French writer

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