A New Era at Supreme Court: Yesterday marked the first time that three female justices took their seats at the Supreme Court and heard oral arguments. Justice Elena Kagan quickly joined the give-and-take of the first argument of the day. As The National Law Journal's Tony Mauro and Marcia Coyle note in today's edition of the Supreme Court Insider, Kagan didn't hesitate to leap into the intricacies of calculating "projected disposable income" in Chapter 13 bankruptcies. Coyle, a regular contributor to The News Hour on PBS, discusses the high court's new term on a panel that includes former Solicitor General Paul Clement and Paul Butler, George Washington University Law Professor.
U.S., AmEx in Antitrust Suit: American Express was slapped with an antitrust suit yesterday after the credit-card company refused to join an industrywide agreement to allow merchants to steer customers toward cheaper forms of plastic. The Wall Street Journal reports that to avoid similar suits, other credit card companies, including Visa and Mastercard, agreed Monday to scrap a range of restrictions on the merchants that accept their cards.
Is The Band Breaking Up? Shortly after White House Chief of Staff Rham Emanuel stepped down to make a run for Mayor of Chicago, White House Press Secretary Robert Gibbs hinted that he may be thinking of finding his own greener pastures. The Hill reports that during the daily press briefing, Gibbs refused to rule out moving over to become head of the Democratic National Committee. When pressed, Gibbs would only say, "I haven't had any conversations about it. I love my job."
Ex-Societe Generale trader to pay the bank $6.7 billion: The Los Angeles Times reports that a Paris court ordered former Societe Generale trader Jerome Kerviel on Tuesday to pay the bank a mind-numbing $6.7 billion for his role in one of history's biggest trading frauds and sentenced him to three years in prison.