ACT Litigation Services Acquired by DiscoverReady
8/8/2011 The Dolan Company today announced that its subsidiary, DiscoverReady, had concluded a major strategic expansion in the area of electronic discovery with the purchase of some assets of ACT Litigation Services, which is based in Valencia, California. The acquisition price was at $65 million with potential future payments depending on its performance. The […]
The “Moon Race” of the Private Industry is Now Underway
8/8/2011 America stands at a significant point in space exploration history with the landing of the nation’s last space shuttle last week. For some observers, the final flight of Atlantis, a mission with the official designation of STS-135, was “bittersweet,” as one writer called it. Atlantis’ landing may signify a complicated era in the […]
Stream Access Law of Montana Stays Strong
8/7/2011 As the melting La Niña-fed snowpack shoved rivers in western Montana over their banks in late May, the state started to close access to fishing sites. This included a couple of sites on the swollen Bitterroot River. In a sense, the floodwaters were able to accomplish what some state legislators, earlier this year, […]
NE Fishermen Turns To Congress after Legal Loss
8/7/2011 Advocates belonging to the fishing industry, who, in March, filled a courtroom in Boston hoping that they can convince a federal judge to throw out the new rules that establish catch limits, received a blunt message from one of the opposing lawyers. The lawyer said that if the advocates are serious about change, […]
Record Wave of Anti-Abortion Laws Enacted by the State
8/6/2011 Abortion opponents in five other states, inspired by a controversial law in Nebraska, have won the passage of measures seeking to ban virtually all abortions after 5 months of pregnancy. The late-term prohibition, which is based on the argument that fetuses at that stage can already feel pain, are among the record wave […]
Immigration Law Wanted Repealed by State Senator
8/6/2011 A legislation that aims to repeal the new anti-illegal immigrant law in Alabama is being planned by a state senator. Sen. Bill Beasley, a Democrat from Clayton, said Friday that the law is already having an effect on various businesses that hire immigrant labor. According to Beasley, the law is draconian and is […]
‘Bond King’ Gundlach and TCW Due to Have a Face Off in court
8/5/2011 In a court battle that is expected to be closely monitored by the financial sector, TCW Group, a Los Angeles money management giant, is filing a lawsuit against Jeffrey Gundlach, TCW’s former chief investment officer. TCW alleged that Gundlach and his aides connived to steal huge amounts of TCW proprietary information back in […]
Google and Oracle Criticized by Judge in Patent Case
8/5/2011 A judge in charge of Oracle’s patent infringement case hinted that it may have to lower down its multi-billion dollar damage suit against the Android OS of Google. This is an indication of possible limitations of patent-related cases in the tech industry. In a court hearing yesterday, Judge William Alsup chided both tech-giants […]
SEC Ruling on Standard Ponzi Incites a Conflict with Investor Fund
8/4/2011 Two years ago, when R. Allen Stanford’s assets were frozen by regulators and filed a case against him for running a Ponzi scheme worth $7 billion, around 20,000 were left wondering whether or not they would ever get their investments back. Today, the Securities and Exchange Commission (SEC) and a federally chartered investor […]
Final Rule to Implement Dodd-Frank Provisions Approved by Bank Regulator
8/4/2011 The Office of the Comptroller of the Currency, the agency that watches over national banks, on Wednesday has finalized a rule to implement Dodd-Frank law directives on when federal law would be able to override state consumer-protection laws. Although the banking industry has lauded the rule, consumer groups, on the other hand, says […]