blawgletter
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Latest blogosphere posts tagged “blawgletter”
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Our Questions About the AIG Bailout (Partial List)
Blawgletter —
Authority: 128
This has nothing to do with AIG. Or does it? The Special Investigator General for the Troubled Asset Relief Program issued an audit report last week. The paper -- " Factors Affecting Efforts to Limit Payments to AIG Counterparties " -- goes 47 pages to explain why the Federal Reserve and its good friend ...2 days ago -
Blood from a Turnip: Arbitrators, Not Court, Must Deal with Failure to Pay Arbitration Fees, Fifth Circuit Holds
Blawgletter —
Authority: 128
The Arbitration Act sets up a regime that aims to settle disputes quickly and cheaply. To make the system work, it depends on courts. Courts dont do quick and cheap. Sorry. The Fifth Circuit proved the point this week. The appeal turned on whether a district court erred by ordering a respondent in ...5 days ago -
Boeing Goes Three for Three on Tanker Contract; Federal Circuit Restores Air Force Award
Blawgletter —
Authority: 128
Boeing put the the first KC-135 Stratotanker into service 52 years ago. The U.S. Air Force bought the last one in 1965. The four-engine KC-135 Stratotanker jets across he skies, refueling other aircraft in flight. It also, per Boeing , which has made the hulking milk cow since 1957, can with ...1 week ago -
Will $1.25B Intel/AMD Deal Prompt Chip Buyers to Sue?
Blawgletter —
Authority: 128
You could put an eye out with that gavel. Intel Corporation has made peace with Advanced Micro Devices, Inc. , the companies announced in IDENTICAL press releases today ( here and here ). The money part said : [Blah blah blah,] and Intel will pay AMD $1.25 billion. Intel has also agreed to abide by a ...2 weeks ago -
State Insurance Law Cant Stop Arbitration, En Banc Fifth Circuit Holds
Blawgletter —
Authority: 128
Have you ever heard of the McCarran-Ferguson Act ? Not long ago, half a century after its passage, the statute became a low-key but key part of the healthcare reform debate. The WWII-vintage statute, you see, generally exempts insurers from federal antitrust law. That means health (and other) insurers ...2 weeks ago -
Bolt of Insight May Flash in Pan at Supreme Court
Blawgletter —
Authority: 128
Flyswatter by Rube Goldberg. Youve heard about the genius whose incandescent idea for a new contraption wakes him in the hours before sunup. Youll also recall Edison s cutesy statement that "[g]enius is one percent inspiration, ninety-nine percent perspiration." Both the insight that disturbs the inventors ...2 weeks ago -
Power to Veto Doesnt Equal Power to Pick Under PSLRA, Ninth Circuit Says
Blawgletter —
Authority: 128
The case involved NVIDIA stock, which didnt do too well. The Ninth Circuit chided a district court today for usurping a right that the panel held belongs to the "lead plaintiff" in cases under the Private Securities Litigation Reform Act of 1995 -- the right to choose counsel for the putative class. The ...3 weeks ago -
Quote of the Day: David E. Mills
Blawgletter —
Authority: 128
A man and his lawyer stand outside a building that looks like a courthouse: Client: Whats wrong? Why arent we in court anymore? Lawyer: I just got Twombleyed in the Iqbals. David E. Mills, Courtoons , Oct. 23, 2009. Sad but true.3 weeks ago -
Motion to Vacate Arb Award Draws Sanctions in Tenth Circuit; Our "National Policy Favoring Arbitration"
Blawgletter —
Authority: 128
A panel of the Tenth Circuit today affirmed an order that denied a motion to vacate an arbitrators award in favor of Qwest, the telephone company. The movant, DMA International, accused the neutral of misdeeds but mainly called him dumb for reading an unclear contract such that he ruled that DMA couldnt get ...3 weeks ago -
Clients Must Pay Full Contingent Fee, En Banc Ninth Circuit Holds
Blawgletter —
Authority: 128
Richard Burton, as Hamlet, fussed about "the laws delay". The Ninth Circuit spans a vastness on our spinning globe -- from Window Rock, AZ, to Merizo, GM; from Border Field State Park, CA, to Barrow, AK; plus a lot in between. The biggest U.S. court of appeals also claims, oh, nearly 30 circuit judges. ...3 weeks ago -
FIRREA Lets Case Stay Federal Even After FDIC Leaves, Fifth Circuit Holds
Blawgletter —
Authority: 128
The Financial Institutions Reform, Recovery, and Enforcement Act grew out of the last big financial mess, this one during the 1980s and 1990s, when savings and loans and banks went belly up in large numbers. Speculation and shady practices, youll recall, accounted for many collapses. Congress granted the outfit ...4 weeks ago
