The number of securities class- action settlements fell to a 14-year low in 2012 while their average dollar value rose to an all-time high, a research study found.
The 53 court-approved settlements reported last year represent a more than 45 percent decline from the 10-year average since 2002, and the average settlement increased to $54.7 million in 2012 from $21.6 million in 2011, Cornerstone Research concluded in a report released today.
“Based on the volume of recent securities class...
With cloud, mobile, social and big data advances all happening at once and at lightning speed, how will shifts in technology impact the way businesses are run? According to Ginni Rometty, the first female CEO of IBM, it will change everything.
Last night, speaking at an event organized by the nonprofit Council on Foreign Relations, Rometty predicted that data will be the basis of competitive advantage going forward, calling it the “the next natural resource.” She believes it will change...
The second time was the charm for a settlement in a class action alleging that law school students paid too much for BAR/BRI bar review preparatory course materials after West Publishing Corp. and Kaplan Inc. conspired to monopolize the market.
I’ve been lucky all my life. Well, mostly. I was born after the Greatest Generation conquered the Depression and Hitler, and I grew up, at least in my sliver of Brooklyn, in an era of relative peace and prosperity. When I started practicing in the late seventies, the legal profession was exciting and expanding, plenty of jobs, trials galore. The future was promising, enticing.
If I did what I was taught—work like an ox, be respectful, don’t complain—success...
Prior to Christmas I found myself in Jerusalem, Israel – the heart of the heart of the conflict of our time.
Here, no one agrees on anything – even the monks from various Christian denominations (Greek Orthodox, Armenians, Catholics and others) responsible for The Church of the Holy Sepulchre where Christ was crucified, argue amongst themselves on almost everything from cleaning duties to repairs. A wooden ladder has remained on a ledge just above the main entrance (see it ?) since the 19th...
Men's Health writer Kasey Panetta share's ten tips that according to a recent research study in the Journal in Experimental Social Psychology, you should avoid when negotiating.
Don’t pretend you’re pissed. Faking anger in a negotiation only results in demands from your opponent, while genuine anger will get you concessions, according to a new study in the Journal of Experimental Social Psychology.
You’re way too literal about deadlines.
You concentrate on what you want, not what...
As a lawyer, a district judge and now as a mediator for many years now, I have always sought out useful technology tools to make the process work better. I have seen parties use static Excel spreadsheets and midpoint analysis to try to project settlement numbers, but the negotiation process is much more sophisticated than that.
At SMU Law School in Dallas, I teach a survey course on alternative dispute resolution (“ADR”). The course includes segments on negotiation, mediation and arbitration....
Bank of America is continuing a large-scale retreat from its costly expansion into the home mortgage market, a shift that concentrates more power in the hands of its biggest rivals and leaves fewer options for some home buyers.
The bank, which already has sharply scaled back in making mortgages, on Monday sold off about 20 percent of its loan servicing business as part of its agreement to pay the housing finance giant Fannie Mae more than $11 billion to settle a bitter dispute over bad mortgages.
The...