Critics warned in public comments that eliminating the terms "race and ethnicity" from the American Bar Association's law school accreditation rules will hobble longstanding efforts to bring in diverse students and faculty, reports our colleague Karen Sloan. Among the groups opposing a proposed revision to the ABA's current standard are legal education heavyweights including the Law School Admission Council; the Society of American Law Teachers; the NAACP Legal Defense and Educational Fund; and a coalition of 44 law school deans. >>> Read the public comments. The ABA currently requires law schools to provide "full opportunities" for "racial and ethnic minorities" and have a diverse student body "with respect to gender, race, and ethnicity." The proposed new standard eliminates references to race, ethnicity and gender and instead requires schools to provide access to "persons including those with identities that historically have been disadvantaged or excluded from the legal profession." |
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- The SEC's enforcement director, Gurbir Grewal, is leaving the agency, marking the end of a three-year tenure during which the regulator stepped up scrutiny of Wall Street and cryptocurrency firms. Grewal has led the SEC's 1,500-person enforcement unit since July 2021, after serving as New Jersey attorney general as well as in other state and federal government roles.
- The North Carolina Supreme Court will allow lawyers who are not licensed in the state to provide pro bono legal services to victims of Hurricane Helene.
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In a rare – and possibly unique – turn of events, both pharma company Biogen and its shareholders have asked the 1st Circuit to grant interlocutory review of a trial court decision certifying a class of investors alleging fraud in connection with a Biogen Alzheimer's drug. Both sides contend that the trial judge misapplied the U.S. Supreme Court precedent from the 2021 Goldman Sachs case, and they want the court's guidance. But they disagree strenuously on what that guidance should be. Alison Frankel has the details. |
"At least some of our clubs are being left out in the cold once again." |
—James Bromley of Sullivan & Cromwell, representing Major League Baseball, told U.S. Bankruptcy Judge Chris Lopez at a hearing where regional sports broadcaster Diamond Sports said it will likely cut ties with all MLB teams other than the Atlanta Braves in an attempt to complete a bankruptcy restructuring by the end of the year. The company's decision could leave about a dozen baseball teams scrambling to reach new broadcast agreements before the 2025 season begins in late March. Read more. |
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- Elon Musk is scheduled to be deposed by the SEC for the regulator's probe into his $44 billion takeover of Twitter. Musk skipped an earlier hot-seat date, saying an "emergency" required him to be at Cape Canaveral to oversee the launch of SpaceX's Polaris Dawn mission.
- Lawyers for Vermont's Roman Catholic Diocese, which filed for bankruptcy on Sept. 30 after it was hit with dozens of lawsuits alleging sexual abuse by clergy, is slated to appear before U.S. Bankruptcy Judge Heather Cooper in Burlington for an initial hearing.
- U.S. Circuit Judge Kevin Newsom, a Trump appointee on the 11th Circuit, is slated to give a lecture at Stanford's Federalist Society chapter titled "Breyer Reviewed: Why We Choose Formalism, Not Pragmatism."
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Court calendars are subject to last-minute docket changes. |
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- McGuireWoods added D.C.-based antitrust partner Megan Lewis, who most recently was assistant chief of the Washington criminal section of the DOJ's antitrust division. (McGuireWoods)
- O'Melveny hired London-based partners David Carter and Braeden Donnelly. They previously were private equity practice leaders at Ashurst. (O'Melveny)
- Simpson Thacher brought on registered funds partner Jonathan Gaines in New York from Dechert. (Simpson Thacher)
- Norton Rose Fulbright brought on investment funds partner Michael Aluko in New York from Goodwin. (Norton Rose Fulbright)
- Greenberg Traurig hired Justin Hedge as an antitrust litigation and competition partner in D.C. from Arnold & Porter. (Greenberg Traurig)
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Having a sponsor is essential for career development in a law firm. Sponsors can advocate for junior lawyers, increase visibility, help them take calculated risks, and provide protection, writes Kim Mallett of Major, Lindsey & Africa. Read today's Attorney Analysis. |
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