On Thursday, June 06, 2013, the Competition Bureau laid criminal charges against three corporations and three individuals for their roles in allegedly fixing the price of chocolate confectionery products in Canada.
On June 4, 2013, the White House issued a press release announcing its “Task Force on High-Tech Patent Issues.” The press release outlined five executive actions and seven legislative recommendations “designed to protect innovators from frivolous litigation and ensure the highest-quality patents in our system.”
By writing this blog, I am now earning my Law Society Continuing Professional Development (“CPD”) hours. Surprised? So was I. According to this notice, writing and editing firm publications are now eligible CPD activities, to a maximum of six hours annually.
Let’s take a refresher course on 1L Civil Procedure. The federal courts have limited jurisdiction; they don’t exist to hear every case, they exist to hear cases that arise under federal law. Additionally, the federal courts have “diversity jurisdiction,” a narrow addition created “to provide a federal forum for important disputes where state courts might favor, or be perceived as favoring, home-state litigants.”
Though there are not many broker/dealer defections in the news, movement within the the broker/dealer business continues.
FDIC Failed Bank Litigation Update—65 Pending Lawsuits Against Directors and Officers Due to Bank Failures
Typically, the FDIC updates the professional liability lawsuits page about once a month, but on June 7, 2013, only about two weeks after its last update, the FDIC again updated the page to include new lawsuit information.
Monday Morning Regulatory Review: EPA Power Plant, Cost of Carbon, FDA & Plan B, Transplant Waiting List, Swap Clearing
Unrelated events of the past week in regulatory practice include the publication of Environmental Protection Agency (EPA)’s proposed new limitations on power plant water effluents – the result of cleaner air requirements – and wider dissemination of new “social cost of carbon” standards for regulatory impact analyses.
French philosopher and aphorist, François-Marie Arouet, better known by his nom de plume, Voltaire, wrote in Italian that “Il meglio è l’inimico del bene [the perfect is the enemy of the good].”
In our last few posts, we’ve been discussing topics and insights that arose in a recent Managing Partners Forum sponsored by Edge International. One concern the MPs cited as a major area of management concern was law firms’ frequent and unacceptable failure to successfully integrate lateral hires.