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Selections from National Law Journal Daily Headlines February 10, 2010

By David Badertscher, PLL

Source: NLJ.com, February 10, 2010.

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ABA will cut dues for many lawyers not at big firms

"The American Bar Association announced this week that it's cutting the cost of dues for solo practitioners, government lawyers, judges and attorneys working for nonprofits as part of an effort to respond to lawyers' differing financial circumstances and the effects of the economic downturn. "

 

Toyota hit with federal stockholder, consumer claims; additional state claim

"Plaintiffs attorneys' assault on Toyota continues to move forward. Lawsuits were filed in federal court in Los Angeles on Monday on behalf of shareholders and a nationwide class of buyers of several Toyota hybrid models. Another lawsuit, brought in Los Angeles County Superior Court on Friday, seeks damages for alleged breach of implied and express warranty, product liability, negligence and violations of business and consumer protection laws."

 

Magazine's planned law firm rankings raise ABA's hackles

"U.S. News & World Report's decision to start ranking law firms along the lines of its much-maligned law school rankings has prompted the American Bar Association to investigate the magazine's methods."

 

Securities specialist sheds light on SEC's new climate change guidance

"Corporate lawyers are busy helping clients get up to speed on new U.S. Securities and Exchange Commission guidance on how public companies should report the business impact of climate change and related legislative and business developments. Schulte Roth's Michael Littenberg spoke with us about how he's already begun to help companies that issue annual reports in the spring for the prior year's financial results grapple with the ramped-up standards."

 

Secretary accused of stealing nearly $900,000 from a Chicago lawyer

"A former law firm secretary is fighting federal bank fraud charges after a partner at a Chicago litigation boutique claimed she stole almost $900,000 from his personal account over 18 months. "

 

Harvard Law adjusts its public service incentives

"Harvard Law School has launched a program that combines start-up financing with financial assistance for public interest law graduates. The new Public Service Venture Fund will divide $1 million per year among qualified graduates who start their own nonprofit organizations or seek jobs at government agencies or public interest groups."

Full post as published by New York Supreme Court Criminal Term Library on February 10, 2010 (boomark / email).