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Madoff Investors May Be on the Hook for 'Clawback' Suits

The National Law Journal

Firms say clients that invested in Bernard L. Madoff Investment Securities, which allegedly defrauded investors of $50 billion, are worried about the possibility of clawback cases, which are extremely common in bankruptcies following Ponzi schemes.

Banks May Lose $51 Million in Heller Dispute

The Recorder

A "clerical error" could cost Bank of America and Citibank $51 million if Heller Ehrman has its way in bankruptcy court. The banks admit they made a mistake, and still want to be considered secured creditors, but courts haven't looked kindly on similar errors in the past.

Obama Names Choices for Key DOJ Posts

Legal Times

President-elect Barack Obama began stocking the new Justice Department Monday, announcing the nominations of four well-known players to key posts, including deputy attorney general, the department's No. 2 spot. That nod went to Wilmer Cutler Pickering Hale and Dorr's David Ogden.

MORE HEADLINES

LEGAL BLOG NEWS

Fired on Facebook

Facebook's increasingly ubiquitous role in everyday life is transforming it into a conduit for lawsuits. Following the recent news that an Australian court allowed lawyers to serve a couple with lawsuit papers via Facebook, the Calgary Herald reports that a Canadian spa has used the Web site to fire an employee.

-Legal Blog Watch

Oprah's Book Club Sued for Patent Infringement

Inventor and patent attorney Scott Harris’ suit claims Oprah Winfrey's book club infringes his method of "Enhancing Touch and Feel on the Internet."

-The Prior Art

Breakaway Parishes Lose Ownership Rights

In a unanimous decision, the California Supreme Court ruled that three Southern California parishes that left the U.S. Episcopal Church over its ordination of gay ministers cannot retain ownership of church property.

-Legal Pad LA

FEATURES

10 Resolutions for Job-Seeking Success

The National Law Journal

Whether you are searching for a job now or just want to be prepared, here are 10 New Year's resolutions to follow, provided by Northwestern University School of Law's William A. Chamberlain. With some persistence, you could soon have more to celebrate than just the New Year.

Telecommuting and the Spying Game

Corporate Counsel

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What if a telecommuter is goofing off? The suspicious employer could turn to remote monitoring technology. By asking those who work from home to sign a form indicating that they know the types of monitoring in use, a company can take reasonable protections without turning Orwellian.

Finding Your Way Through Discovery by Data Mapping

The Corporate Counselor

The struggle to stay on top of litigation in 2009 could get worse before it gets better for corporate legal departments. Developing a data map of information flow is one way to prepare for litigation and regulatory and compliance issues, says eMag Solutions GC Brett Tarr.

Updated Special Report: Crisis on Wall Street

Incisive Media

Fannie, Freddie, Lehman, AIG: As Wall Street's woes continue, Law.com presents ongoing coverage of the financial meltdown from across the globe, with updates on what it means for law firms and lawyers. See if your law firm is on The Layoff List.