Thelen Reid Accused of Helping Steal IP: Delaware-based IVI Smart Technologies Inc. and two subsidiaries have sued Thelen Reid Brown Raysman & Steiner for malpractice, alleging that the firm "actively assisted" a key competitor in stealing intellectual property The Recorder reports, via Law.com. The company says in its complaint that the theft resulted in a drop in the companies' market capitalization from $200 million to $20 million.
Spitzer's Team Broke the Law: A state commission ruled yesterday that four top figures in former New York Gov. Eliot Spitzer's administration broke the law by enlisting or allowing the State Police to gather records designed to tarnish Spitzer's chief political foe, New York Law Journal reports via Law.com. Spitzer himself was not charged.
UBS Hit with Fraud Lawsuit: The Washington Post reports that New York Attorney General Andrew Cuomo filed a securities fraud lawsuit yesterday against UBS, alleging that the investment bank marketed billions of dollars in unconventional bonds to investors around the country while improperly claiming they were as safe and liquid as cash.
Lobbying's Unforeseen Consequences: Food industry lobbyists who pressured the Bush administration to limit the paperwork companies would have to keep to help U.S. health investigators quickly trace produce that sickens consumers may have been a little too successful, The Associated Press reports. The apparent consequence of their success is a paper record-keeping system that has slowed investigators in finding the culprit in the recent salmonella outbreak.