North America/US - Page 208
US parents still want children to become lawyers
Close to two-thirds of American parents hope that their children will pursue legal careers, a survey yesterday reported.
Obama taps Bush lawyer to lead FBI
President Barack Obama is reportedly set to turn to former deputy attorney general James Comey - a 2003 appointment by President George W Bush - to head the FBI.
Former KPMG partner to plead guilty to securities fraud
Ex-KPMG partner Scott London has agreed to plead guilty to one felony count of securities fraud after admitting he exchanged privileged information for cash and luxury items.
Rapper takes on Facebook over copyright breach
Social media platform Facebook is being sued by the music company representing US rap superstar Eminem over an alleged copyright infringement.
Prenda lawyers miss deadline
A group of lawyers who attempted a series of 'troll' copyright claims against internet users who illegally downloaded pornographic videos have missed a deadline to pay a $81,000 fine.
Gupta lawyer demands new trial
The lawyer representing former Goldman Sachs and Procter & Gamble board member Rajat Gupta has urged an appeals court to give his client a new trial, claiming that excluded evidence may have cleared him of insider trading charges.
Quick fixes stifling law firm development
Leaders of top US law firms are failing to make the sweeping changes needed to adapt to today's economic conditions, preferring quick fixes rather than long-term plans, a survey has today revealed.
Top White House lawyer knew of IRS 'targeting'
The head of the Office of the White House Counsel knew last month that an audit of the Internal Revenue Service would likely show that agency employees improperly targeted conservative groups, a senior White House official has admitted.
US targets patent trolls
US lawmakers are mulling over a bill aimed to block so-called patent trolls from filing vague claims on patents that stifle the development of new products.
Cotton court battle escalates
Two of the biggest names in world cotton trading have again locked horns in a courtroom over alleged market manipulation during a period of price swings in 2011.
New Hampshire's 'Robin Hood' accused of harassment
A group of friends nicknamed 'Robin Hood' who roam a US city and fill up parking meters which are about to expire have been hit with a lawsuit claiming they harass parking enforcers.
Young US lawyers 'more miserable than ever'
Law firms' ruthless focus on profits and logging hours is breaking the spirits of young lawyers, author Steven Harper has claimed in his new book 'The Lawyer Bubble'.
Former GC demands stronger regulation
The former general counsel for USAir has chastised the federal government for not forcing stronger regulations upon big business and allowing wrongdoing to be met with minimal punishment.
Facebook GC to step down
Ted Ullyot, the general counsel of Facebook, is to leave the company a year after helping to guide the social networking platform through its initial public offering.
3D gun blueprints pulled from Internet
The US State Department has ordered the removal of free blueprint files that would allow Internet users to 'print' a gun, as lawmakers call for a wider ban on printable weapons.
Harbinger settles SEC dispute for $18m
New York-based hedge fund Harbinger Capital Partners and its leader Phillip Falcone have agreed to pay an $18m settlement to the US securities watchdog, ending a year-long fraud investigation.
Dora the Explorer dealt settlement blow
A teenage star who voiced Dora the Explorer on US television network Nickeloedeon has failed in an attempt to re-open a $10 million lawsuit that she settled for $500,000.
Porn copyright lawyers attacked over 'troll' lawsuits
A US federal judge launched a scathing attack on copyright lawyers who allegedly coerced people to settle porn copyright lawsuits or else be revealed as illegal porn downloaders.
In-house lawyers pan Washington State rule proposal
The representative body of in-house lawyers in the US has attacked a planned rule change by Washington State to force in-house counsel there - already licensed in another state - to register with the state bar.
BofA reaches $1.6bn MBIA settlement
Bank of America Corp will pay out $1.6 billion in cash to New York-based MBIA Inc and will also receive the right to buy a 4.9 per cent stake in the bond insurer to resolve long-running litigation between the companies, it was announced yesterday.