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Selections from National Law Journal Daily Headlines October 20, 2008

By David Badertscher, PLL

<p><font size="2"><strong>Source:</strong><em>NLJ.com </em>October 20, 2008.</font></p> <p><font size="2">Subscription needed for online access: </font><a href="http://www.law.com/jsp/nlj/subscribe.jsp" target="_blank"><font size="2">http://www.law.com/jsp/nlj/subscribe.jsp</font></a></p> <p><br/><!--commentsListSize 0--><!-- siteDateFormat MMMM d, yyyy --><!-- October 20, 2008 --><!-- Style = headlineSummaryKickerNewsletter --><font color="#336699" size="2"><b><a class="headline" href="http://alm.rsys1.net/servlet/cc6?HtuYQSRTRBQSVKIHKLjlkxJhmjlkQklHlLQgPQmkVaVS" target="_blank">A grim verdict awaits law grads</a></b></font><br/><font size="2"><font color="#333333">"Nearly 44,000 law students nationwide will graduate next year with an average of about $73,000 in loan debt, according to numbers from the American Bar Association. And while most would-be lawyers already have accepted that only a small fraction will start their careers with a big-firm salary of $160,000, the past few weeks of economic chaos have caused many to wonder if any kind of attorney work is in their near future."</font><br/><br/><!--commentsListSize 0--><!-- siteDateFormat MMMM d, yyyy --><!-- October 20, 2008 --><!-- Style = headlineSummaryKickerNewsletter --><font color="#336699"><b><a class="headline" href="http://alm.rsys1.net/servlet/cc6?HtuYQSRTRBQSVKIHKLjlkxJhmjlkQklHlLQgPQmkVaVT" target="_blank">Bailout package's legal riddles abound</a></b></font><br/><font color="#333333">"Regulatory, banking and capital market attorneys have a new calling: interpreting for worried clients how the $700 billion financial industry rescue package will help or harm them. Client questions are focusing on the terms of participating in the new capital, short-term debt and asset-relief programs spawned by the Emergency Economic Stabilization Act. There are potential conflicts of interest, executive-compensation restrictions and oversight issues that are giving companies pause, attorneys said."</font><br/><br/><!--commentsListSize 0--><!-- siteDateFormat MMMM d, yyyy --><!-- October 20, 2008 --><!-- Style = headlineSummaryKickerNewsletter --><font color="#336699"><b><a class="headline" href="http://alm.rsys1.net/servlet/cc6?HtuYQSRTRBQSVKIHKLjlkxJhmjlkQklHlLQgPQmkVaVU" target="_blank">How green is the high court?</a></b></font><br/><font color="#333333">"The justices this term have taken five environmental cases for decision thus far a significant number for a relatively small docket. With the exception of the already argued case involving Navy sonar and its impact on whales and other marine mammals, this environmental quintet is unlikely to arouse public passions. But all five cases raise bread-and-butter environmental issues, some with potentially huge implications for the ability of environmentalists and the government to enforce the nation's major environmental laws and for the wherewithal of business and industry to survive and prosper under those laws."</font></font></p> <p><font color="#333333"><a class="headline" href="http://alm.rsys1.net/servlet/cc6?HtuYQSRTRBQSVKIHKLjlkxJhmjlkQklHlLQgPQmkVaVY" target="_blank"><font size="2">EMPLOYMENT LAW | Retaliation claims 'paralyze' employers</font></a><br/><font size="2"><font color="#333333">"An onslaught of retaliation claims has put employers in a state of paralysis, overlooking bad performance or misconduct for fear of getting smacked with a lawsuit, employers' lawyers say. But management-side lawyers are urging companies to fight back, stressing that shoddy work or unethical behavior shouldn't be ignored just because a retaliation suit could follow. And it likely will follow, they said, noting that retaliation lawsuits are at an all-time high."</font><br/><br/><!--commentsListSize 0--><!-- siteDateFormat MMMM d, yyyy --><!-- October 14, 2008 --><!-- Style = headlineSummaryKickerNewsletter --><font color="#336699"><b><a class="headline" href="http://alm.rsys1.net/servlet/cc6?HtuYQSRTRBQSVKIHKLjlkxJhmjlkQklHlLQgPQmkVaVA" target="_blank">WASHINGTON | SEC changes tune on privilege</a></b></font><br/><font color="#333333">"The Securities and Exchange Commission, releasing its enforcement manual publicly for the first time, directs its staff not to ask a party to waive the attorney-client or work-product privileges, but to refer all potential waiver issues to supervisory staff. The manual, known among practitioners as the 'Red Book,' has never been available to those outside of the SEC, and is designed only to provide guidance to the staff of the Enforcement Division in the investigation of potential violations of the securities laws."</font><br/><br/><!--commentsListSize 0--><!-- siteDateFormat MMMM d, yyyy --><!-- October 20, 2008 --><!-- Style = headlineSummaryKickerNewsletter --><font color="#336699"><b><a class="headline" href="http://alm.rsys1.net/servlet/cc6?HtuYQSRTRBQSVKIHKLjlkxJhmjlkQklHlLQgPQmkVaVB" target="_blank">IN-HOUSE | IRS takes a closer look at universities</a></b></font><br/><font color="#333333">"Tax attorneys with nonprofit expertise are pouring over the books of college and university clients following the Internal Revenue Service's recent issuance of a compliance questionnaire to hundreds of higher education institutions. Lawyers who advise colleges and universities say the questionnaire's key areas of focus are a school's use of its endowment, whether any executive compensation is excessive and the tax reporting of a school's unrelated business income. The questionnaire also includes thorny questions that could expose the school to legal liability."</font><br/><br/><!--commentsListSize 0--><!-- siteDateFormat MMMM d, yyyy --><!-- October 20, 2008 --><!-- Style = headlineSummaryKickerNewsletter --><font color="#336699"><b><a class="headline" href="http://alm.rsys1.net/servlet/cc6?HtuYQSRTRBQSVKIHKLjlkxJhmjlkQklHlLQgPQmkVaVC" target="_blank">EMPLOYMENT LAW | Election jitters for corporate attorneys</a></b></font><br/><font color="#333333">"This year's presidential election has put the corporate defense bar on alert. The bar is telling employers to brace for a slew of potential changes if Senator Barack Obama, the Democratic nominee for president, is elected."</font></font></font></p> <p><font color="#333333"><font color="#333333" size="2">SELECTED COLUMNS:</font></font></p> <p><font color="#333333"><font color="#333333"><a class="headline" href="http://alm.rsys1.net/servlet/cc6?HtuYQSRTRBQSVKIHKLjlkxJhmjlkQklHlLQgPQmkVaVSR" target="_blank"><font size="2">COMPUTER LAW | Open-Source Software</font></a><br/><font size="2"><font color="#333333">"Open-source software can help enterprises run their organizations more efficiently and bring their products to market more quickly and at lower cost. But it also poses many risks. Executives whose enterprises routinely use open-source software often fail to understand that any violation of the applicable open-source license is a violation of copyright law, which can give rise to liability for significant damages."</font><br/><br/><!--commentsListSize 0--><!-- siteDateFormat MMMM d, yyyy --><!-- October 20, 2008 --><!-- Style = headlineSummaryKickerNewsletter --><font color="#336699"><b><a class="headline" href="http://alm.rsys1.net/servlet/cc6?HtuYQSRTRBQSVKIHKLjlkxJhmjlkQklHlLQgPQmkVaVSS" target="_blank">ADVOCACY | Your Case's Weakness</a></b></font><br/><font color="#333333">"Like the relative you try to avoid at the family gathering, you may wish your case's big weaknesses would go away, but they won't. You just have to deal with them. All cases, like all people, have strengths and weaknesses. The successful advocate must not shy away from recognizing the shortcomings in his or her case. In fact, the successful advocate should aggressively and continuously analyze and probe the soft underbelly of his or her case. The easy part is to recognize weaknesses. The hard part is to decide what to do about them." </font><br/></font></font></font></p>

Full post as published by New York Supreme Court Criminal Term Library on October 20, 2008 (boomark / email).