Fannie and Freddie: The New York Times reports on the political battle now ensuing over which direction to take Fannie Mae and Freddie Mac once the current turmoil ends. The Washington Post looks at the threat now posed to the banks invested in the two mortgage giants. And the Legal Times has a report on the lawyers and legal work involved in the bailout.
Lerach's Far Fall: Trial lawyer William Lerach was supposed to serve his time at a minimum-security facility. Instead, the former king of the plaintiff bar found himself on lockdown for 23 hours a day this summer for allegedly offering his San Diego Chargers season tickets to a corrections officer, according to The Recorder, via Law.com.
Google Fight: In the strongest signal yet that the U.S government is preparing for possible antitrust action against Google Inc., the Justice Department has hired Sanford Litvack, the former Walt Disney Co. vice chairman. Litvack practiced in Hogan & Hartson’s New York office until he resigned last week, reports The Wall Street Journal.
Muggle Trouble: A New York federal judge yesterday barred a Michigan publisher from putting out a Harry Potter lexicon, ruling that the book borrowed too heavily from J.K. Rowling’s hit series, reports the New York Law Journal, via Law.com.
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