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April 23, 2010
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Legal News in Brief

  Corporate Spotlight 
  • Analysis: Goldman condemned itself to the fate it faces: Regardless of what becomes of a lawsuit brought by the U.S. Securities and Exchange Commission against Goldman Sachs, the bank will continue to take a beating from the public -- and that might be the proper outcome, according to The Economist. "No firm has combined such red-blooded dedication to profit and high pay with so little appreciation of the state's generosity, in saving it from following Lehman [Bros.] and in propping up finance with subsidies and guarantees," The Economist notes. The Economist (4/22) LinkedInFacebookTwitterEmail this Story
  • Other News
  National News 
  • Analysis: Fed's monetary policy troubles some within central bank
    The Federal Reserve has kept short-term interest rates close to zero for more than a year, and its decision to keep them there is stirring up some dissent within the central bank, according to The Economist. Thomas Hoenig, president of the Federal Reserve Bank of Kansas City, said the policy is encouraging banks and investors to boost leverage and take on risk in their "search for yield." With gross domestic product rising, the stock market fairly healthy and modest gains in employment, debate about the initiative can't be put off forever, The Economist notes. The Economist (4/22) LinkedInFacebookTwitterEmail this Story
  Legislative Dispatch 
  Employment Focus 
  • Employees sue over termination of pension plan
    Employees and retirees are suing Augsburg Fortress after the company's pension plan was terminated because it couldn't pay its pension obligations. Workers contend the employer is using its connection as a publisher for the Lutheran church to avoid meeting its obligations under federal law. The company said it terminated the plan so portions of the pensions could still be paid. The Wall Street Journal (tiered subscription model) (4/22) LinkedInFacebookTwitterEmail this Story
  Supreme Court and Federal Court Watch 
  • Court may reopen 90-year-old Great Lakes suit
    The U.S. Supreme Court is considering whether to reopen a 1922 case that sought to create a permanent divide between the Great Lakes and Mississippi River ecosystems. The case was originally brought by states who feared that a canal linking the two bodies of water would drain the Great Lakes. These days, environmentalists are more concerned that connecting channels make it too easy for invasive species such as Asian carp to spread from one body of water to the other. The New York Times (tiered subscription model)/Greenwire (4/22) LinkedInFacebookTwitterEmail this Story
  • Supreme Court sides with Xerox in pension dispute
    The U.S. Supreme Court ruled that federal courts should defer to pension administrators when disputes arise over ambiguous pension-plan rules. The ruling, in a suit brought against Xerox by former employees, hands a victory to the U.S. Chamber of Commerce and a blow to the White House, which had sided with workers in the case. The Boston Globe/Bloomberg (free registration) (4/22) LinkedInFacebookTwitterEmail this Story
  • Other News
  Other Legal News 
  • Milbank gets a Brazilian office
    New York-based law firm Milbank Tweed Hadley & McCloy plans to open an office in Sao Paulo, Brazil, joining at least three other U.S. firms that have opened Brazilian offices in recent months. The move gives Milbank access to Latin America's largest economy, which is experiencing growth rates of about 6% per year. Bloomberg Businessweek (4/20) LinkedInFacebookTwitterEmail this Story
  Professional and Business Development 
  • Are you making your network uncomfortable?
    If you continually help out your network connections -- but none of them offer you job leads despite your requests -- it might be time to rethink what you're asking of them, writes Marty Nemko. It doesn't matter how nice you are if you're fundamentally unqualified for the work you're seeking, he notes. Marty Nemko blog (4/20) LinkedInFacebookTwitterEmail this Story
 
  Featured Content 
 

  PLI News 
  • All-new Pocket MBA program is not business as usual
    Courts sometimes lag in affirming the constitutional rights implicated by new technology platforms. From warrantless e-mail interceptions to regulation of "sexting," government action can result in denial of recognized constitutional rights. Can the Constitution protect free speech and privacy rights in the Digital Age? Find out at the one-hour, audio-only Web briefing, "Protecting Constitutional Rights in the Digital Age," being held May 3, exclusively at PLI Online. LinkedInFacebookTwitterEmail this Story
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  Lawyer Life 
  • Volcano crisis could shift travelers' summer plans
    Some airlines have started to reduce fares as part of an effort to boost demand to European destinations as carriers begin to recover from the disruption of the Icelandic volcano crisis. Meanwhile, some experts say the disruption in Europe could prompt Asian travelers to visit the U.S. instead of Europe this summer. They also noted U.S. travelers might opt for Caribbean or domestic destinations this summer. The Washington Post (4/22) LinkedInFacebookTwitterEmail this Story
  SmartQuote 
Every strike brings me closer to the next home run."
--Babe Ruth,
American baseball player


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