AIG Under Fire:AIG disclosed yesterday that $75 billion of the taxpayer bailout money it has received has gone toward settling debt with domestic and foreign banks and U.S. municipalities. After weeks of public pressure to divulge how it has used the bailout funds, AIG released a list of dozens of trading partners it has paid with the money. The disclosure came just a day after AIG said it was doling out hundreds of millions of dollars in bonuses to its executives.
Kennedy's Court: The WaPo reports that Justice Anthony Kennedy has regained control of the Supreme Court. After siding with the majority in 86 percent of cases last year-- apparently a slump for Kennedy-- he has achieved a perfect record so far this term. Stay tuned, however, because the most divisive cases have yet to be decided.
GM in Limbo:A team of Treasury officials and other experts has been dispatched to Detroit, says the NYT, to begin examining General Motors' latest downsizing plan. The two dozen officials are expected to continue combing through the plan this week to determine whether more government money could keep GM afloat, or whether a managed bankruptcy is the better option.
Comp Cut:The AmLaw Daily reports that 66 partners at Dewey & LeBoeuf have had their compensation cut by as much as 80 percent over the past 15 months. Chairman Steven Davis says the reductions are "performance-related" and are intended to weed out less-productive partners.
Tweet With Caution: In case you haven't had your fill of Twitter-related stories, here's one from the Associated Press via Law.com. A building materials company and its owner have appealed a $12.6 million judgment against them, alleging one of the jurors revealed his bias in the case on Twitter. One example of the allegedly biased tweets from juror Johnathan Powell: "I just gave away TWELVE MILLION DOLLARS of somebody else's money."
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