Morning Wrap

Holder: Now that Covington & Burling partner Eric Holder Jr. is officially Barack Obama's choice for attorney general, the NYT reports that Holder's role in the 2001 pardon of fugitive financier Marc Rich is coming back into the spotlight. At the time of the pardon, Holder was President Clinton's deputy attorney general.

Financial Crisis: On Monday, hedge fund Greenwich Financial Services sued mortgage lender Countrywide Financial Corporation, which is now part of Bank of America. The NYT reports that Greenwich wants Countrywide to compensate holders of some mortgage-backed securities if the terms of the loans are changed.

Mumbai: The Legal Intelligencer reports on the connection between Reed Smith and the recent terror attacks in Mumbai. The aunt and uncle of a Chicago Reed Smith partner were at the Taj Mahal Palace & Tower Hotel in the midst of the attacks, and the lawyer called on his partners with ties to India to help determine whether the couple was safe.

Facebook: Facebook won an $873 million judgment against a Canadian resident that sent millions of spam messages to the site, reports the National Law Journal. Facebook claimed it suffered harm to its reputation and spent time and money due to the spam.