Entrance to Clear Channel Communications headquarters.
Two prolific borrowers — the private equity firms Bain Capital and Thomas E. Lee Partners — have sued six of the biggest banks — Citigroup, Credit Suisse, Deutsche Bank, Morgan Stanley, Royal Bank of Scotland, and Wachovia — for refusing to carry through on financing a buy out of
Six of the nine Justices sided today with the Ninth Circuit — over, among others, the Fifth. Wow! Sweet sassie molassie. Hall Street Assocs., L.L.C. v. Mattell, Inc., No. 06-989 (U.S. Mar. 25, 2008).
The issue concerned arbitration. As Justice Souter framed the matter:
The question here is whether statutory grounds for prompt vacatur
The NYT reports that the new prime minister of Pakistan, Yousaf Raza Gillani, ordered the release of the judges that his predecessor, Pervez Musharraf, confined last year when he imposed martial law.
Musharraf remains Pakistan’s president.
I sincerely believe that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.
Who can understand what happened to produce what looks like a U.S. recession? Blawgletter hears that, at the simplest level, lenders believed borrowers’ promises of intention and ability to repay far beyond honest limits. They "credited" obvious lies. Shame on the liars — but also on the believers.
Who deserves the greater blame? We don’t
Barack Obama is as white as he is black. The one-drop rule is not a genetic law or a social fact; it is a construct of this country’s racist imagination. For Pete’s sake, he’s a distant cousin of Dick Cheney’s. We need to start stressing the idea that his universal appeal is partly due to
Blawgletter had the honor last week of contributing to an amicus brief in Bridge v. Phoenix Bond & Indemnity Co., No. 07-210 (U.S.), which the Court will hear April 14. The issue? "Whether reliance is a required element of a RICO claim predicated on mail fraud and, if it is, whether that reliance must
U.S. Army Sergeant Peter J. Damon must have felt horror when he realized that Michael Moore exploited his loss of both arms in Iraq. Sergeant Damon said absolutely nothing disloyal or even critical of the war or of its conduct. And yet Mr. Moore used a television interview of Sergeant Damon to support his claims
The Fifth Circuit decided as a matter of law that the creator of a Spanish-language radio program breached his employment agreement and inflicted around $700,000 in damages by defecting to another radio network. It also held that the plaintiff proved tortious interference, again as a matter of law. Amigo Broadcasting, LP v. Spanish Broadcasting
In 1863, Abraham Lincoln insisted at the start of the Gettysburg Address that — 14 years before the Founders in Philadelphia signed the Constitution — "our fathers brought forth on this continent a new nation, conceived in Liberty and dedicated to the proposition that all men are created equal." Tp what event did he refer?
