In a decision blasting the parties’ attorneys for “impos[ing] needless burdens on busy courts,” a federal judge in Manhattan has instructed a Hong Kong-based company to pay $21 million it had promised in exchange for shares in a marketing company.Southern District Judge William H. Pauley III said in BrandAid v. Biss, 03 Civ. 5088, that [...]
Monthly Archives: January 2008
Countrywide’s Underwriters Sued for Fraud
Goldman Sachs Group Inc., Citigroup Inc., JPMorgan Chase & Co. and 23 more underwriters of Countrywide Financial Corp. were sued by three New York agencies for allegedly helping the home lender defraud investors. New York’s city and state comptrollers and their pension funds added the securities firms, two accounting firms and Countrywide officers and directors [...]
Advice From Judge Posner On Legal Writing
In a recent opinion, Seventh Circuit Judge Richard Posner, who some describe as perhaps the greatest living appellate judge (a claim with which I would not necessarily disagree), offered some useful advice on the subject of brief writing. Specifically, he addressed the dense legalese that littered the briefs that had been submitted in a complex [...]