Rakoff Aims Rocket at SEC, BoA: New York federal judge Jed Rakoff did not like a proposed $33 million settlement between the Securities and Exchange Commission and Bank of America over a false proxy statement. So he rejected it. Details here via law.com.
Jody Powell Dies: Jody Powell, President Jimmy Carter's playful press secretary and later a public affairs powerhouse at Powell Tate in D.C., died at age 65 on Monday, according to this obituary in the Washington Post.
Fourth Circuit Pick: As we reported last night, President Obama has nominated Virginia Supreme Court Justice Barbara Keenan to a seat on the U.S. Court of Appeals for the 4th Circuit. She began her public service as a prosecutor, then judge in Fairfax County, Virginia.
Redskins Dispute Reaches Supreme Court: After 17 years bouncing around the courts, the challenge brought by Native Americans offended by the name of the Washington Redskins has reached the Supreme Court. The issue, as we noted last night, is whether the doctrine of laches applies in trademark cancellation cases.
Financial Reform Impetus Fading? President Obama made a forceful speech Monday urging reform on Wall Street, but with the markets beginning to heal, the incentive to make big changes may weaken, says this analysis in the New York Times.