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Amid Licensing Backlash, A Reprieve for Arkansas Hair Braiders

Thu, 2014-08-28 12:40
There’s a growing backlash against state licensing laws, which entrepreneurs and small-business owners cite as their biggest obstacle to growth.

Regulators Find Deficiencies in Audits

Thu, 2014-08-28 11:21
Auditing regulators have found deficiencies in 28 of the Ernst & Young LLP audits they evaluated in their latest annual inspection of the Big Four accounting firm's work. The 28 deficient audits the Public Company Accounting Oversight Board found in its 2013 inspection of the firm were out of 57 audits or partial audits conducted by Ernst & Young that the PCAOB evaluated—a deficiency rate of 49%. In the previous year, the board's inspectors found deficiencies in 25 of 52 audits inspected, a rate of 48%.

‘Clean Slate’ Programs May Boost Future Earnings, Study Finds

Thu, 2014-08-28 09:21
Public defender offices, civil legal aid providers and law school clinics have established "clean slate" programs to help people clear their criminal records. Do they make a difference?

Pharma Claims Free Speech Rights are Being Trampled in Off-Label Case

Thu, 2014-08-28 08:16
The latest battle on free speech rights of drug makers hinges on competing views of whether they can distribute materials about unapproved uses of medicines without violating the False Claims Act.

AM Roundup: Big Banks Hit in Cyber Attacks; Licensing Boards Under Fire; Amish Beard-Cutting Convictions Reversed

Thu, 2014-08-28 06:43
Associated Press
Law Blog rounds up the morning news. Licensing Boards Under Fire: The Supreme Court will take up an antitrust case this fall that could curb the proliferation of state licenses, a top worry for U.S. small-business owners and entrepreneurs. [WSJ] Laser-Pointer Menace: People keep aiming powerful laser pointers at aircraft—where they can distract or even temporarily blind pilots and crew—despite jail sentences for offenders and rewards for people who turn them in. [WSJ] Banks Hit in Cyber Attacks: The Federal Bureau of Investigation is probing a computer-hacking attack on J.P. Morgan Chase & Co. and as many as four other banks, in what people familiar with the probe described as a significant breach of corporate computer security. [WSJ] Beard-Cutting Convictions Overturned: A federal appeals court overturned the criminal convictions of 16 Amish men and women in a series of beard and hair cuttings, finding error in how the jury was instructed on determining whether a hate crime occurred. [WSJ]

Hamburg Court Says Uber Is ‘Probably Illegal’ but Lifts Ban Anyway

Thu, 2014-08-28 06:09
The administrative court overturned a Hamburg ban on several Uber services on a formality—the body that issued the ban had no authority to do so—but added that Uber presumably infringes the law because its drivers lack a passenger transportation license.

Sister of Boston Marathon Bombing Suspect Arrested in NYC

Thu, 2014-08-28 06:00
A sister of the man charged with carrying out the Boston Marathon bombings was arrested Wednesday for threatening a woman who previously had a romantic relationship with her boyfriend, police said.

Judge Denies Apple Request for Injunction vs Samsung Phones, Tablets

Wed, 2014-08-27 13:53
A federal judge Wednesday denied a request from Apple Inc. to bar Samsung Electronics Co. from selling smartphones and tablets in the U.S. that infringe on Apple patents. Apple had sought a permanent injunction against certain Samsung products after a judge and jury found in May that the Korean firm had infringed on three of its patents in a high-profile intellectual property dispute. The jury awarded Apple nearly $120 million in damages—a fraction of the $2.2 billion that it was seeking.

FBI Probes Possible Computer Hacking Incident at J.P. Morgan

Wed, 2014-08-27 12:50
Agence France-Presse/Getty Images
The Federal Bureau of Investigation is probing a possible computer hacking attack on J.P. Morgan Chase & Co., in what people familiar with the probe described as a significant breach of corporate computer security.

SEC Votes 3-2 to Complete Rules Curbing Conflicts at Credit-Rating Firms

Wed, 2014-08-27 10:30
WASHINGTON—The Securities and Exchange Commission voted 3-2 to approve long-awaited rules designed to curb conflicts of interest at credit-rating firms, following criticism the firms failed to adequately sound alarms about flawed mortgage securities ahead of the financial crisis.

Civil Case Against Former SAC Head Cohen May be Delayed Again

Wed, 2014-08-27 08:01
Proceedings in the civil case against hedge fund investor Steven A. Cohen look set to be delayed yet again, according to a filing with the Securities and Exchange Commission.

Goldman Sachs, Skadden, Arps Still on Kings of Inversion Deals

Wed, 2014-08-27 07:46
Neither Goldman Sachs Group Inc. nor Skadden, Arps, Slate, Meager, & Flom LLP landed a spot on the Burger King-Tim Hortons deal that may or may not have been a tax inversion, yet the investment bank and law firm remain kings of tax inversion advisory work.

AM Roundup: FBI Agents Say Rivals Encroach on Turf; IMF Chief Lagarde Under Investigation By French Court

Wed, 2014-08-27 06:46
Law Blog rounds up the morning news: Turf Battle: Federal Bureau of Investigation officials are in a turf battle with other federal law-enforcement agencies over perceived attempts to muscle into what the FBI considers its territory: fighting violent crime. [WSJ] IMF Chief Under Investigation: A French court has put Christine Lagarde, head of the International Monetary Fund, under formal investigation for negligence in a corruption probe dating back to her days as France's finance minister. [WSJ] Investor Visas Soaked Up: Due to a surge in Chinese participation, the U.S. for the first time is on course this fiscal year to run out of immigrant-investor visas that offer a fast track to permanent residency. [WSJ]

Appeals Judges in Chicago Hear Challenges to States’ Same-Sex Marriage Bans

Tue, 2014-08-26 14:34
On Tuesday, Judge Richard Posner and two other judges on the Seventh U.S. Circuit Court of Appeals, David Hamilton and Ann Williams, heard arguments in two same-sex marriage cases, one from Wisconsin and the other from Indiana.

U.S. Charges Investor-Relations Employee With Securities Fraud

Tue, 2014-08-26 11:35
Federal prosecutors leveled insider-trading charges against an employee of an investor-relations firm, the latest of insider-trading probes by the Federal Bureau of Investigation and the Manhattan U.S. attorney's office.

Thousands of Electronic Case Files Lost in Transition

Tue, 2014-08-26 10:55
The federal judiciary is trimming back some of its offerings in a widely used database of electronic court documents.

Who’s Who in the Trial of Former Virginia Gov. McDonnell

Tue, 2014-08-26 09:50
This is the fifth week of the trial of former Gov. McDonnell and his wife on political corruption charges. Here's a guide to who's who in the trial and what they've said so far.

AM Roundup: More Texas Schools Allow Armed Employees; U.K. Debates Toughening Counterterrorism Laws

Tue, 2014-08-26 06:45
Law Blog rounds up the morning news: Armed Employees: More Texas public-school districts have adopted rules allowing employees to carry guns on campus in an effort to deter—or quickly respond to—shootings. Still, most schools have chosen not to arm their staff. [WSJ] Debate Ensues Over Counterterrorism laws: The killing of American journalist James Foley has renewed a debate in Britain about counterterrorism laws that allow police to curb the liberty of citizens without a trial as a way to prevent the country's Muslims from traveling abroad to wage jihad—or to allow them a foothold in society upon their return. [WSJ] Merger Raises Tax Inversion Issue: Talks between Burger King and Tim Hortons to merge in a tax-advantaged inversion deal drew quick condemnation from some lawmakers, increasing the pressure on Congress or the Obama administration to act. [WSJ]

House GOP Hires $500-an-Hour Lawyers for Suit Against Obama

Mon, 2014-08-25 14:37
House Republicans disclosed the contract they signed with a Washington law firm hired to sue President Obama. The terms: $500 an hour, and a cap on $350,000 price tag for the contract, which runs until the next

Judge Denies Claims by Investors in Retirement Accounts Tied to Madoff

Mon, 2014-08-25 13:13
Getty Images
Hundreds of people whose employers invested their retirement funds with Bernard Madoff cannot recover money from the liquidation of Mr. Madoff's firm because they weren't direct customers of the imprisoned Ponzi scheme operator, a bankruptcy judge has ruled.
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