Weekly News Update

weekly-news

*The New York state court system has proposed a new rule authorizing out-of-state and foreign attorneys to practice in New York temporarily, the state’s Office of Court Administration has announced. [Bloomberg]

*A U.S. Court of Appeals in San Francisco ruled on Monday that copyright holders must consider fair use before attempting to take down media, like YouTube videos, that use their material. So, your hairbrush solo of a Prince song can probably stay on the Internet now. [Fortune]

*The U.S. Securities and Exchange Commission may gain clarity today when a judge decides how a seismic court ruling last year restricting insider-trading prosecutions affects regulatory lawsuits over the same trades. [Bloomberg]

*Defying the expectations and desires of some—who thought it might be time to move on—Apple will ask the U.S. Supreme Court to overturn a federal judge’s finding that it conspired to fix the prices of ebooks when it launched its original iPad and iBook store in January 2010. [Fortune]

*The NFL on Thursday filed a civil appeal pre-argument statement in its ongoing Deflategate case, giving a first glimpse of what arguments it will make before a federal appellate court. [USA Today]

*A lazy paralegal’s work-saving forgery scam is causing major headaches for his old bosses, as the law firm he worked for is facing a $1 million lawsuit from a client victimized by the phony-document plot. [New York Post]

*An appellate court has temporarily put a hold on an administrative securities fraud action filed against the private equity financier Lynn Tilton. A three-judge panel of the Second Circuit imposed the stay on Thursday while considering Ms. Tilton’s challenge to a decision by the SEC to try her before an administrative law judge. [NY Times]