Goldman Sachs Backs Off Blogger

Legal Business 2009/07/16 11:17   Bookmark and Share
In an article for The American Lawyer, Brian Baxter reports that investment bank firm Goldman Sachs has cooled off on legal battles with Florida-based blogger Mike Morgan. The company quietly agreed to stipulations with Morgan last month.

Morgan agreed to a disclaimer on his page denying any affiliation with Goldman. In return, they will not interfere with his use of the name on the site.

A recent Rolling Stone article by Matt Taibbi has brought more attention to the controversial issues Morgan discusses on the website. In the article Taibbi calls the firm a "vampire squid wrapped around the face of humanity."

Goldman Sachs has responded by saying the article is full of conspiracy theories and, "We reject the assertion that we are inflators of bubbles and profiteers in busts, and we are painfully conscious of the importance of being a force of good."

The firm recently reported $3.4 billion in second quarter profits, exceeding all expectations.
top

PA Club Accused Of Discrimination

Headline Legal News 2009/07/10 10:35   Bookmark and Share

The Associated Press is reporting that the Pennsylvania Human Relations Commission is investigating a swim club outside of Philadelphia on accusations of racial discrimination.

The Valley Club allegedly told a group of visiting minority children to get out of the pool and not to return. They are denying this claim and saying that overcrowding was the problem.

The Creative Steps camp is from northeast Pennsylvania and had planned to come to The Valley Club every Monday this summer. The alleged incident occured on June 29. Some of the children claim they heard racial comments.

One 9-year-old member, who was upset about the incident, was asked if she would return if allowed. "I don't want to swim here anymore," she responded.

Senator Arlen Specter called the sitution "extemely disturbing" and is also investigating the matter.

top

Gay Marriage Battle In Maine

Headline Legal News 2009/06/20 10:15   Bookmark and Share
According to The Associated Press, the same public relations firm used to successfully overturn Prop 8 in California has been commissioned to assist gay marriage opponents in Maine.

The California-based Schubert Flint Public Affairs will help campaign to repeal Maine's gay marriage law. More than 55,000 signatures are necessary to get the issue on the ballot in November.

On the other side, Maine's gay marriage proponents have formed a political action committee.

Jesse Connolly, who successfully led the 2005 campaign to keep the state's gay right laws, has been hired by Maine Freedom To Marry to campaign against they gay marriage gainsayers.
top

Levi & Korsinsky Announce Class Action

Headline Legal News 2009/06/17 09:51   Bookmark and Share
Levi & Korsinsky announces that a class action lawsuit has been filed in the Superior Court of the State of California challenging the proposed acquisition of Data Domain, Inc. ("Data Domain" or the "Company") (Nasdaq:DDUP).

The Complaint arises out of the announcement by Data Domain stating that it had entered into a definitive merger agreement with NetApp, Inc. Under the terms of the proposal, Data Domain's shareholders would receive $30.00 to be paid in a combination of cash and NetApp stock. In addition, NetApp offered positions on its board to certain Data Domain officers and there are rumors that the Data Domain CEO Slootman could be the next CEO of NetApp. This raises questions as to whether the sales process conducted by the Board was fair and open. If you own common stock in Data Domain and wish to obtain additional information, please contact us at the number listed below or visit www.zlk.com/ddup1.html

Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation.
top

K. Anderson joined the Sheppard, Mullin, Richter & Hampton

Law Firm News 2009/05/29 08:54   Bookmark and Share
Kenneth B. Anderson has joined the New York office of Sheppard, Mullin, Richter & Hampton LLP as special counsel in the firm's Entertainment, Media and Technology practice group.  Anderson joins Sheppard Mullin after 17 years with Loeb & Loeb in New York.  


Anderson represents premier talent and progressive companies in the music and entertainment industries.  He handles business and legal affairs and supervises litigation on behalf of recording and touring artists, composers, producers, independent record companies and others in the music industry.  As a talent dealmaker, he builds and maximizes careers.  Anderson also represents cutting edge internet, television and motion picture companies.

Anderson's litigation experience includes high-profile and precedent-setting cases involving composers, recording artists, record labels, publishers, managers, artists’ rights and accounting practices, as well as leading cases on copyright and freedom of artistic expression.  He has negotiated agreements that have restructured business relationships for some of the world's most innovative and successful recording artists and songwriters.

"Ken hits the right note; by joining us he substantially bolsters the depth and breadth of our music industry expertise.  His legal specialties fit perfectly with our existing representations, such as library acquisitions, concert promotion, and soundtrack deals, but also solidify a forward-thinking music practice at Sheppard Mullin because of his unique focus in this area," said Bob Darwell, chair of the firm's Entertainment, Media and Technology practice group. 

Commented Anderson, "Sheppard Mullin has built a premier entertainment practice and I am excited to join Bob and his outstanding team.  I am very impressed by their top-notch client list and the broad scope of international representations in the areas of film, television, internet, new technology, fashion and advertising, and look forward to growing the music and recording segment of their practice."

Anderson received a J.D. from Rutgers University School of Law in 1982, where he was research editor of the Rutgers Computer & Technology Law Journal, and a B.A., cum laude, from Rutgers University in 1979. 

Sheppard Mullin's Entertainment, Media and Technology practice group includes 45 attorneys and the firm has more than 40 attorneys based in its New York office. 

www.sheppardmullin.com.
top

Sotomayor nominated to high court

Legal Business 2009/05/26 09:23   Bookmark and Share
President Barack Obama chose federal appeals judge Sonia Sotomayor to become the nation's first Hispanic Supreme Court justice on Tuesday, praising her as "an inspiring woman" with both the intellect and compassion to interpret the Constitution wisely.


Obama said Sotomayor has more experience as a judge than any current member of the high court had when nominated, adding she has earned the "respect of colleagues on the bench, the admiration of many lawyers who argue cases in her court and the adoration of her clerks, who look to her as a mentor."

Standing next to Obama at the White House, Sotomayor recalled a childhood spent in a housing project in the Bronx as well as her upper-echelon legal career: "I strive never to forget the real world consequences of my decisions on individuals, businesses and government."

Barring the unexpected, Senate confirmation seems likely, given the large Democratic majority. If approved, she would join Justice Ruth Bader Ginsburg as the second woman on the current court, the third in history. She would succeed retiring Justice David Souter.

Senate Majority Leader Harry Reid, D-Nev., issued a statement saying he looked forward "to working with both Democrats and Republicans on the Judiciary Committee to confirm Judge Sotomayor as the first Hispanic and the third woman to sit on the court."

top









Disclaimer: Nothing posted on this blog is intended, nor should be construed, as legal advice. Blog postings and hosted comments are available for general educational purposes only and should not be used to assess a specific legal situation. Nothing submitted as a comment is confidential. Nor does any comment on a blog post create an attorney-client relationship. The presence of hyperlinks to other third-party websites does not imply that the firm endorses those websites.

Affordable Law Firm Website Design