Abandoned: The Justice Department will not pursue criminal charges against Goldman Sachs Group Inc. or any employees for financial fraud. DOJ said in a statement Thursday night that "there is not a viable basis" for a criminal prosecution related to the mortgage crisis. The burden of proof, the government said, could not be met. More coverage here and here.
Departed: Annette Clark, dean of the Saint Louis University School of Law, resigned from her post this month amid a dispute over money, The National Law Journal reports. Clark had been on the job for a year. Clark accused the university of raiding law school funds. University officials said Clark resigned hours before she was to be fired.
Sands Scrutinized: Prosecutors and the U.S. Securities and Exchange Commission are investigating possible violations of antibribery laws involving Las Vegas Sands Corp, The Wall Street Journal reports. Investigators are looking at a real-estate payment and team sponsorship, the report said. The probe is separate from another investigation of Sands for possible moneylaundering violations.
Speedy Guilt: A former District police officer pleaded guilty to fraud involving a radar gun, The Washington Post reports. The officer, David Cephas, failed to conduct hourly tests to calibrate the radar and then falsified books to cover his tracks, the report said. The District is planning to provide refunds to certain motorists who received speeding tickets.
Tossed: A federal trial judge in San Francisco has vacated a $147 million patent verdict against Research in Motion. AmLaw Litigation Daily reports the judge sided with RIM's legal team in finding that the jury had no legal basis to conclude the company's software infringes an Mformation Technologies Inc. patent for mobile device management.
Tackling Scalpers: Lawyers for Los Angeles are planning to step up their fight against ticket scalping, turning to a prosecution tool typically used to block gang members and drug dealers from congregating in certain places. Prosecutors for the city have asked a judge to bar 17 "prolific scalpers" from being near Dodger Stadium and other venues, the Los Angeles Times reports.
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