Who would gain from a law that bars you from paying your lawyer more than 25 percent of the money she wins for you in a lawsuit?
Think about it. If you have a case worth $X, a lawyer will take it on a contingent fee basis only if he thinks he can collect the
Shorting a stock places a bet that its price will fall. You short by promising to hand over the stock, on such and such date for $X. The gamble pays off if the price drops below $X.
But, to sell short, you can't own the stock. You are "short" it. How do you legally sell a stock you don't
Yesterday, the Supreme Court peppered Merck's lawyer with hot questions. Before he started, at least, the advocate likely harbored hope that he could convince Their Honors that the two-year statute of limitations under 28 U.S.C. 1658(b) starts running before the plaintiff could have alleged enough facts to survive a motion to dismiss under the tough pleading standards of Bell Atl. Corp.
Seldom does Blawgletter get the chance to copy something we wrote a year ago, plop it into a post, and hit "Publish".
The Supremes gave us the excuse today by granting cert in Morrison v. Nat'l Australia Bank Ltd., No. 08-1191 (U.S. Nov. 30, 2009), about which we noted last October:
Down Under Securities
Last week, just before Thanksgiving, the Second Circuit shot a big turkey. The fowl in question – a jailbird actually — claimed that New York Daily News and The Polish Daily News defamed him. Their repute-blackening words? That Shemtov Michtavi, a drug offender, planned to sing like a canary.
The district court blasted the libel claim, holding that it couldn't fly
This has nothing to do with AIG. Or does it?
The Special Investigator General for the Troubled Asset Relief Program issued an audit report last week. The paper — "Factors Affecting Efforts to Limit Payments to AIG Counterparties" — goes 47 pages to explain why the Federal Reserve and its good friend the Treasury threw
The Arbitration Act of 1925 set up a regime aiming to settle disputes quickly and cheaply. The system depends on courts to make it work. Courts don't do quick and cheap. Sorry.
The Fifth Circuit proved the point this week. The appeal turned on whether a district court erred by ordering a respondent in an arbitration (Old Colony) to pay $29,600 as a deposit to cover American
One hundred and eighty years ago, on August 15,1829, as the New England summer faded and a school year dawned, U.S. Supreme Court Justice Joseph Story spoke to a muster of colleagues and students in Cambridge, Massachusetts. They came to honor the Justice's inauguration as Dane Professor of Law at Harvard University. He told them about the "Value and Importance of Legal
Boeing put the the first KC-135 Stratotanker into service 52 years ago. The U.S. Air Force bought the last one in 1965.
The four-engine KC-135 Stratotanker jets across the firmament, refueling other aircraft in flight. It also, per Boeing – which first delivered the hulking milk cow in June 1957 — can with upgrades "serve as flying command posts, pure transport
They did it! The folks who create Super Lawyers have parsed their data to see which law schools produce the most promotion-worthy lawyers. The top 10 list follows:
| Rank | Law School |
|---|---|
| 1 | |
| 2 | |
| 3 | |
| 4 |