Jed Rakoff tentatively approved the admission of recordings between Gupta and convicted hedge funder Raj Rajaratnam, so long as prosecutors show they further allegations of a conspiracy.
The bank is the target of two separate lawsuits accusing its management of excessive risk that led to trading losses of at least $2 billion.
The country's top appeals court said Francesco Schettino had shown "little resilience in performing command functions or in handling responsibility for the safety of persons under his care."
EMPLOYMENT DISCRIMINATION – Hamilton v. Southland Christian School Inc.
OPINION – A Florida teacher fired after admitting she got pregnant before her marriage can pursue her pregnancy discrimination lawsuit against a Christian school, the 11th Circuit has ruled. (11th Cir.)
SETTLEMENTS – In re World Trade Center Disaster Site Litigation
BRIEF – The appellate brief for the City of New York and contractors argues that the district court judge improperly changed the settlement between these parties and the plaintiffs, when, in the process of “approving” the settlement, he changed the terms to give the plaintiffs a result that was better than the one the parties agreed to. (2nd Cir.)
CONSUMER PROTECTION – In re Philips/Magnavox Television Litig.
ORDER – The court approves the settlement of this class action, giving each class member (potentially 291,000 buyers of Philips or Magnavox plasma TVs in 2006) the greater of $65 per television, 80 percent of the trade-in value of the set, or $160 in reimbursement for repairs. (D. N.J.)
PATENT – Microsoft Corp. v. Motorola Inc.
ORDER – The court grants Microsoft’s motion for an anti-suit injunction, which restrains Motorola from enforcing any injunctive relief it might receive in the patent infringement dispute over Xbox that is being decided in Germany. The injunction is to remain in effect until the U.S. District Court determines whether injunctive relief is appropriate for Motorola. (W.D. Wash.)
HEALTH LAW – U.S. v. Zhou
OPINION – The Health Insurance Portability and Accountability Act of 1996 makes it a crime to access an individual’s private health information without authorization, regardless of whether the alleged violator knew it was illegal to do so, the 9th Circuit has ruled. (9th Cir.)
The social media giant has tapped Fenwick & West as the lead law firm for its IPO. The Northern California firm has a longstanding practice representing Silicon Valley darlings.
The Federal Trade Commission said the shoe maker was deceptive in the marketing of its Shape-ups, Resistance Runner, Toners and Tone-ups shoes.
Overturning a lower court ruling, the 11th Circuit found that Jarretta Hamilton was entitled to a trial on her claims of pregnancy discrimination.
Jury deliberations are set to begin without testimony from the most anticipated witnesses: Edwards and Rielle Hunter, the woman with whom he had an affair during his 2008 presidential bid.
Experts differ on what Universal's deal for EMI reveals about the state of the recording industry and the music monopoly in an age of startups and piracy.
Princess Cruises is accused of "callously" avoiding the rescue of three young men aboard a disabled Panamanian fishing boat, two of whom later died at sea.
Justices rescheduled Samuel Villegas Lopez's execution so attorneys could address claims that some members of the state clemency board had not received a mandated four-week training course.
A judge vacates a murder conviction in the wake of disclosures about flawed forensic evidence.
Republican John Kasich reversed a controversial law that Democrats have called a blatant attempt at voter repression, in a move aimed at pre-empting a threatened repeal referendum.
Prior to his judicial career, Geraci was a partner at the firm Geraci & Feldman, a federal prosecutorand an assistant district attorney.
The government-owned PBGC seeks a decree to terminate various retirement plans as the firm teeters on the brink of closure.
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