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Wednesday, February 2, 2011 As of 8:27 PM EST
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Insider-Trading Probe Snares Trader
Federal prosecutors unveiled criminal charges alleging that Donald Longueuil traded on insider information when he worked at hedge fund SAC Capital Advisors—and then used pliers to destroy his computer drives when he heard about the insider-trading investigation.

Claims Roil High-Profile Prosecution
New court filings tied to a high-profile 2008 killing in San Francisco shed light on a case that gripped the city and sparked a debate about immigration policies.
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J.P. Morgan Seeks to Move Madoff Trustee's Lawsuit
J.P. Morgan Chase wants to move a lawsuit seeking to recover assets for victims of Bernard Madoff's fraud out of bankruptcy court, saying the $6.4 billion lawsuit is an "enormous backdoor class action."
- Earlier: For J.P. Morgan, Suit a Reputational Risk
- Topics: Bernard Madoff
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Big Studios Sue Hotfile
The five major Hollywood studios filed suit against Hotfile, a website that streams movies and TV shows, accusing it of stealing copyrighted material "on a staggering scale."
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U.S. Cites Scramble to Get Rid of Evidence
The government's complaint on Tuesday about its insider-trading case against three hedge-fund managers and a hedge-fund analyst details the drama that unfolded in November after The Wall Street Journal broke news that the probe had spread to involve "expert network" companies.
Pay Gap Widens at Big Law Firms
Some of the biggest law firms are paying outsize salaries to star attorneys, in some cases 10 times what they give other partners, in a strategy that is stretching compensation gaps and testing morale at firms.
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Former Galleon Trader Discussed Cooperating Since October
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Primary Global Ex-Employee Pleads Not Guilty in Insider Case
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BofA Pays $410 Million to Settle Overdraft Suit
Madoff Trustee Buzzes Mets
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Atheros Ex-Officer Settles SEC Insider Case
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Bankruptcy Beat

South Florida Hasidic Synagogue Files for Chapter 11
The Chabad House Lubavitch of Palm Beach, which owes lender TD Bank $538,577, filed for bankruptcy protection Monday to stop a foreclosure.
The Daily Docket: WaMu Gets New Shot At Bankruptcy Exit
Washington Mutual Inc. gets a second chance for approval of a Chapter 11 exit plan, the Obama administration will recommend phasing out Fannie Mae and Freddie Mac and Congress considers whether states should be allowed to file for bankruptcy protection.
Chrysler's Eminem Ad Fires Up Conservative Pundit Steyn
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New Solution To Associate Woes: A Harvard Accounting Class
Milbank, Tweed, Hadley & McCloy has set up a five-year training program at Harvard University for its mid-level associates to give lawyers training in business issues.
Is Law School Losing its Mojo?
Say it 'aint so: law school appears to be starting to lose some of its luster, with applications down so far this year following three years of application growth.
‘The Cooch’ Goes Large, Asks High Court to Take Health-Care Case
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Banks Become Target for Patent Suits
Banking is the latest industry to be swept up in a wave of lawsuits that accuse companies of breaking the law by using expired patent numbers.‬
Feds Make Record Mob Sweep
Federal agents conducted their largest ever roundup of suspected mob members and associates, charging 127 people in the Northeast with crimes ranging from execution-style slayings to illegal card games.
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Suits Drive Up Securities Cases
A spike in lawsuits against Chinese companies that have listed on U.S. exchanges contributed to a rise in securities-fraud cases in 2010, according to a new report.
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Twins' Appeal of Facebook Pact Starts
A court heard the sequel to one of the Web's most storied legal quarrels: whether Facebook's Mark Zuckerberg stole the idea for the influential social-networking site.
DeLay Gets Three Years in Prison
Former U.S. House Majority Leader Tom DeLay, once one of the most powerful politicians in Texas and Washington, was sentenced to three years in state prison for conspiracy to commit money laundering.
- News Hub: Tom Delay Gets 3-Years in Prison
U.S. Asks Twitter for WikiLeaks Data
The U.S. Justice Department obtained a court order asking Twitter to turn over information about WikiLeaks-related accounts, the latest twist in a broad investigation of the document-leaking website.

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