Hundreds of would-be lawyers faced significant delays while trying to take the remote LSAT on Friday and Saturday, marring the first-ever hybrid exam. The Law School Admission Council, which administers the LSAT, said the problems stemmed from the online proctoring system. Council spokesman Mark Murray said Monday that “hundreds and hundreds” of examinees were affected, but official numbers are not yet available. Frustrated test takers flooded social media sites with complaints about absent proctors and unexpected delays. Read more about the delays.
The council previously said that 61% of August test takers opted to complete the exam remotely, while 39% wanted to take it in-person at test centers. There were no proctoring issues at test centers, Murray said.
U.S. District Judge Lewis Kaplan in Manhattan ruled on Friday that Sam Bankman-Fried, the founder of bankrupt cryptocurrency exchange FTX, must be jailed for tampering with witnesses while free on $250 million bond at his parents’ home in Palo Alto, California. Bankman-Fried, who has pleaded not guilty to fraud charges over FTX’s collapse, will now be housed before his Oct. 2 trial in Brooklyn’s Metropolitan Detention Center. Read more about the jail where inmates ranging from Ghislaine Maxwell to Honduras’ former president have complained of subpar conditions.
After 13 years of litigation, three trips to the 2nd Circuit and one ballyhooed U.S. Supreme Court case, Goldman Sachs has finally given the securities defense bar a way to squelch shareholder class actions based on non-specific corporate statements. Alison Frankelexplains why a new 2nd Circuit ruling decertifying a shareholder class in a $13 billion case against Goldman should help other defendants in so-called event-driven securities fraud cases.
