law school

With unemployment high and wages stagnant, now's a rough time to be entering the job market. Historically, when a harsh economy awaits, young people tend to run for cover in grad school. It's a smart strategy -- unless you pick the wrong field of study.

MBIA has sued Merrill Lynch because the CDOs on which Merrill bought insurance from MBIA were AAA-rated junk. MBIA says Merrill knew the CDOs didn't deserve the top rating at the time it insured them. If this case succeeds, big banks may find dud ratings very expensive.

An investor has sued the bankrupt company and its former execs for using a financial tactic to present a misleadingly strong picture of the firm's health. The suit is the first in what could be a wave of legal actions.

The state has passed a law to use eminent domain for gaining control of federally protected land. And in other legal news: A Maryland law clinic threatened, and why going to law school -- even a top 10 one -- may not be a great idea.

In these tough economic times, people are leaning on their credit cards more than ever. So when it comes time to decide which bills to pay, those are the ones that make it to the top of the pile. Credit reporting agency TransUnion reported Monday that credit card delinquency rates fell in the...

The New York Times reports on the sad tale of Robert Bowman, a law school graduate whose application for admission to the New York bar was rejected -- because he had too much student loan debt and had a history of missed payments.He was recommended for approval by the applications review committee...