Selections from National Law Journal Daily Headlines October 1, 2008
By David Badertscher, PLL
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<p><font size="2"><strong>Source: </strong><em>NLJ.com,</em> October 1, 2008.</font></p>
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<p><br/><!-- siteDateFormat MMMM d, yyyy --><!-- Style = headlineSummaryKickerNewsletter --><font color="#336699" size="2"><b><a class="headline" href="http://alm.rsys1.net/servlet/cc6?HtuYQDDSDQSVKIHKLjlkxJhmjlkQklHlLQgPQmkVaVS" target="_blank">FROM THE UPCOMING ISSUE
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Firms scramble to launch credit crisis practice groups</a></b></font><br/><font size="2"><font color="#333333">"Law firms with banking and finance practices that were recently making deals with free-flowing credit are scrambling to launch new practice groups to help clients simply survive the credit crisis. 'A year ago we were writing deals, figuring out how to grow businesses and expand products; now the markets are trying to figure out when the next shoe drops,' said Michael Missal, head of the global financial markets group that K&L Gates unveiled on Monday in Washington." </font><br/><br/><!-- siteDateFormat MMMM d, yyyy --><!-- Style = headlineSummaryKickerNewsletter --><font color="#336699"><b><a class="headline" href="http://alm.rsys1.net/servlet/cc6?HtuYQDDSDQSVKIHKLjlkxJhmjlkQklHlLQgPQmkVaVT" target="_blank">FROM THE UPCOMING ISSUE
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Prosecutors, public defenders face forced furloughs in hard-hit Fla., Ga. </a></b></font><br/><font color="#333333">"As state budgets in Florida and Georgia are slashed, the criminal justice system is taking a hit. Hundreds of prosecutors and assistant public defenders in Georgia and Florida are facing one-day-a-month furloughs
forced unpaid leave
through the end of the year. Both states appear to be suffering from the catastrophic reduction in tax revenue due to the housing meltdown. Georgia's budget shortfall is estimated at $1.6 billion and Florida's, $1.2 billion."</font><br/><br/><!-- siteDateFormat MMMM d, yyyy --><!-- Style = headlineSummaryKickerNewsletter --><font color="#336699"><b><a class="headline" href="http://alm.rsys1.net/servlet/cc6?HtuYQDDSDQSVKIHKLjlkxJhmjlkQklHlLQgPQmkVaVU" target="_blank">WEB-ONLY
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Corporations responding to shareholder pressure on governance practices, survey finds </a></b></font><br/><font color="#333333">"U.S. public companies are increasingly responding to shareholder pressure to adopt good corporate governance practices, according to Shearman & Sterling's sixth annual Corporate Governance Survey. According to the survey, 71 companies now have majority-voting standard for director elections, requiring directors to win a majority of votes even in an uncontested race. In 2006, only 11 companies used a majority-voting standard." </font><br/><br/><!-- siteDateFormat MMMM d, yyyy --><!-- Style = headlineSummaryKickerNewsletter --><font color="#336699"><b><a class="headline" href="http://alm.rsys1.net/servlet/cc6?HtuYQDDSDQSVKIHKLjlkxJhmjlkQklHlLQgPQmkVaVW" target="_blank">WEB-ONLY
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DOJ reaches pact with Maine judiciary over providing language assistance </a></b></font><br/><font color="#333333">"The U.S. Department of Justice, acting on a complaint that the Maine judicial branch was violating federal civil rights laws, has reached an agreement with administrative officials of the Maine judiciary to ensure that limited English proficient individuals seeking services throughout the state's court system will have access to timely and competent language assistance." </font><br/><br/><!-- siteDateFormat MMMM d, yyyy --><!-- Style = headlineSummaryKickerNewsletter --><font color="#336699"><b><a class="headline" href="http://alm.rsys1.net/servlet/cc6?HtuYQDDSDQSVKIHKLjlkxJhmjlkQklHlLQgPQmkVaVY" target="_blank">WEB-ONLY
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Federal judge certifies two nationwide classes in wholesale drug pricing case </a></b></font><br/><font color="#333333">"A federal judge in Boston certified two nationwide classes and set the stage for two more trials in the massive, multidistrict wholesale drug pricing case against AstraZeneca and Bristol-Myers Squibb Co. The case alleges that the companies published fraudulently inflated average wholesale drug prices, which led consumers and insurance companies to pay higher prices for branded and generic drugs used to treat serious illnesses like cancer and HIV."</font><br/><br/><!-- siteDateFormat MMMM d, yyyy --><!-- Style = headlineSummaryKickerNewsletter --><font color="#336699"><b><a class="headline" href="http://alm.rsys1.net/servlet/cc6?HtuYQDDSDQSVKIHKLjlkxJhmjlkQklHlLQgPQmkVaVA" target="_blank">WEB-ONLY
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Courts reject attempts to back out of controversial acquisition of chemical maker </a></b></font><br/><font color="#333333">"A day after the Delaware Court of Chancery rejected an attempt by Hexion Specialty Chemicals Inc. and private equity firm Apollo Management LP to back out of acquiring chemical maker Huntsman Corp., a Texas state court issued a temporary restraining order barring two banks from delaying or preventing financing of the deal." </font><br/><br/><!-- siteDateFormat MMMM d, yyyy --><!-- Style = headlineSummaryKickerNewsletter --><font color="#336699"><b><a class="headline" href="http://alm.rsys1.net/servlet/cc6?HtuYQDDSDQSVKIHKLjlkxJhmjlkQklHlLQgPQmkVaVB" target="_blank">WEB-ONLY
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Legal malpractice claims tied to real estate deals shows quickest climb </a></b></font><br/><font color="#333333">"Legal malpractice claims tied to real estate transactions rose faster than other top reasons for lawsuits against lawyers during the past three years, according to an American Bar Association study on lawsuits against lawyers. Malpractice claims against lawyers related to real estate transactions climbed four percentage points to 20% of all such malpractice cases between 2003 and 2007, from 16% between 2000 and 2003, the study said." </font><br/></font></p>
