JURIST - Paper Chase: US law and business press review ~ Thursday, June 3

In Thursday's US law and business press, the New York Law Journal reports that a panel of the Second US Circuit Court of Appeals has overturned 81 of 84 guilty counts in an insider trading case.... The Fulton County Daily Report reports on how a rare mediation tool, a summary jury trial, has been used in an effort to settle a misrepresentation suit against PricewaterhouseCoopers.... According to the Minneapolis-St. Paul Business Journal, the MN Court of Appeals has upheld a $32 million damages award against Lone Star Technologies Inc. in its dispute with Cargill Inc.... The ABA Journal reports on a NY federal court's ruling that an attorney may sue a former client for allegedly rejecting a large settlement offer merely to prevent the attorney from collecting a contingency fee.... FindLaw's Writ features Cardozo law professor Marci Hamilton's analysis of the US Supreme Court's recent federalism cases, as well as Columbia law professor Catherine Sharkey's guest commentary on CA Governor Arnold Schwarzenegger's proposal that 75% of all punitive damage awards go to the state.

click for the previous US law and business press review