News Roundup

News Roundup (2398)

BoA to Pay Mortgage Investors Record $500M Settlement

Photo of Bank of America ATM Machine by Brian ...

Photo of Bank of America ATM Machine by Brian Katt, Framingham Rest Stop, Massachusetts. (Photo credit: Wikipedia)

Bank of America last week agreed to pay investors who claim they were misled into buying risky mortgage debt $500 million—the most ever paid to settle a federal class action over mortgage-backed securities, Reuters reports.

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‘Gay Conversion’ Therapy Ban Hits Appeals Court

A federal appeals court in San Francisco last week heard arguments over the constitutionality of a California law barring therapists from trying to change the sexual orientation of people younger than 18, the New York Times reports.

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Securities Class Actions at Lowest Levels Since 2009

A report by PricewaterhouseCoopers shows that in 2012 there were only 172 securities class actions filed, the fewest filed in any year since 2009.

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Lawyer Lands $130M Verdict After Rejecting $8M Offer

A New York litigation attorney was criticized for advising his client to turn down an $8 million offer to settle a medical malpractice case filed on behalf of a girl with cerebral palsy.

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States Lacking Lawyers in Rural Areas Offer Subsidies

Location of state of XY (see filename) in the ...

Whole sections of states like South Dakota—where 65% of the lawyers live in four urban areas—are in danger of not having access to legal services, reports the New York Times.

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NY Bar Exam Not Among Top 10 Most Difficult: Report

A professor at Pepperdine School of Law has ranked state bar exams by difficulty using an algorithm that takes into account not just passage rates, like most rankings do, but also the LSAT scores of the law students who took the exams, according to an article in Above the Law.

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Jury Rejects Actress’s Claim Against IMDb for Printing Her Age

A jury in Seattle refused to award any money to a little-known actress claiming she lost work as a result Internet Movie Database (IMDb) printing her real age, according to the Associated Press.

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Jury Slams UnitedHealth for Not Monitoring Hepatitis Doctor

StethoscopeJurors in Las Vegas ordered two UnitedHealth Group units to pay $524 million in compensatory and punitive damages for failing to oversee a doctor who was a member of the insurer’s HMO network, Bloomberg reports.

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Where Does Your City Rank in Lawyer Pay?

first place

The ABA Journal has published a comprehensive report on lawyer salaries, showing where the jobs are and what they pay.

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Court: Re-Sellers of Digital Content Need Permission from Copyrighters

In a case watched closely by many members of the music and movie industries, a federal district court on March 30 held that the “first sale doctrine,” which allows consumers to legally resell CDs and DVDs, doesn’t apply to digital media.

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