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Professional Responsibility Keyed to Hazard
In re American Continental Corp./Lincoln Savings and Loan Securities Litigation (Jones Day)
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- The Brief Prologue provides necessary case brief introductory information and includes:
- Topic: Identifies the topic of law and where this case fits within your course outline.
- Parties: Identifies the cast of characters involved in the case.
- Procedural Posture & History: Shares the case history with how lower courts have ruled on the matter.
- Case Key Terms, Acts, Doctrines, etc.: A case specific Legal Term Dictionary.
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- The Case Brief is the complete case summarized and authored in the traditional Law School I.R.A.C. format. The Pro case brief includes:
- Brief Facts: A Synopsis of the Facts of the case.
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- Facts: What are the factual circumstances that gave rise to the civil or criminal case? What is the relationship of the Parties that are involved in the case. Review the Facts of this case here:
Jones, Day, Reavis & Pogue (Jones Day) (Defendant) was retained by American Continental Corporation (ACC) (Defendant) to perform a major internal audit of Lincoln Savings and Loan’s (Lindoln) (Defendant) Federal Home Loan Bank Bond (FHLBB) compliance and to help Lincoln (Defendant) deal with the FHLBB’s direct investment regulations. Jones Day (Defendant) found numerous regulatory violations. Jones Day (Defendant) was named as a defendant in four of the five separate actions that were filed after Lincoln (Defendant) failed. According to the evidence, Jones Day (Defendant) instructed ACC (Defendant) in how to rectify deficiencies so that they would not be evident to FHLBB examiners and that its attorneys participated in creating corporate resolutions to legitimize forged and backdated corporate records. The firm also provided an opinion letter in an ACC (Defendant) bond registration statement. Jones Day (Defendant) moved for summary judgment.
- Issue(s): Lists the Questions of Law that are raised by the Facts of the case.
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