Cadwalader Lays Off 96: Cadwalader, Wickersham & Taft attributed the layoffs of 96 lawyers to its slow-going real estate finance and securitization practices. The most recent wave of layoffs comes after Cadwalader laid off 35 lawyers in January, according to the New York Law Journal, via Law.com.
United Accuses Pilots Association: The Associated Press reports United Airlines has accused the Air Line Pilots Association of abusing sick time and refusing to fly extra hours. United said it has lost about $8 million in revenue due to 329 flight cancellations between July 19 and July 27.
House Passes Tobacco Legislation: For the first time ever, the House of Representatives passed legislation that would regulate the tobacco industry, according to The Associated Press. The Family Smoking Prevention and Tobacco Control Act would place tighter restrictions on tobacco advertising and issue federal penalties against selling to minors.
Not Making the Grade: The Washington Post reports 9,612 people, including some who might work in the government and military, may have purchased fake high school diplomas and college degrees. The list has not been made public by the government.