Best in Law Blogs : The LexBlog Network : November 28, 2011

The big news of the day comes as Judge Jed Rakoff rejects Citigroup’s proposed $285 million settlement with the SEC. On top of the great posts by Amy Greer and William McGrath, be sure to also check out Steven Berk offering up his opinion on the proposed settlement on LXBN TV. Total posts on the LexBlog Network today: 164.

• Judge Rakoff Rejects the SEC-Citi Settlement, But Is “Truth” Really the Purpose of Any Settlement and Does the SEC Need the Courts to Settle its Cases? – Philadelphia attorney Amy Greer of Reed Smith on the firm’s Global Regulatory Enforcement Law Blog
• Final Rule Prohibits Bus and Truck Drivers from Using Cellphones – Washington, DC attorney Ilyse Schuman of Littler on the firm’s blog, Washington, DC Employment Law Update
• Judge Rakoff Rejects Settlement in SEC v. Citigroup Global Markets as “neither fair, nor reasonable, nor adequate, nor in the public interest” and Sets Trial For Summer 2012 – Washington, DC attorney William McGrath of Porter Wright on the firm’s Federal Securities Law Blog
• The Implied Covenant of Good Faith and Fair Dealing: Delaware Rocks On – Toronto attorney Robert Hansen of McCarthy Tétrault on the firm’s blog, Canadian M&A Perspectives
• AT&T and T-Mobile Abandon FCC; Focus on Antitrust Litigation for Merger Approval – Washington, DC lawyer Douglas Jarrett of Keller and Heckman on the firm’s Beyond Telecom Law Blog
• Supreme Court To Decide Whether Pharmaceutical Sales Representatives Meet The FLSA’s Outside Sales Exemption – Richard Alfred and Jessica Schauer of Seyfarth Shaw on the firm’s The Wage & Hour Litigation Blog
• Why Merck Still Doesn’t Warn About Propecia Causing Impotence – Philadelphia lawyer Maxwell Kennerly of The Beasley Firm on his blog, Litigation & Trial
• NY’s Top Court Hears Argument on LLC Promoter Liability – New York attorney Peter A. Mahler of Farrell Fritz in his New York Business Divorce Blog
• Has the “Off the Shelf” Parenting Plan Gone the Way of Rabbit Ear TV Antennas? – New Jersey lawyer Eric Solotoff of Fox Rothschild on the firm’s NJ Family Legal Blog
• Immigration Magnetized, Privatized and Depersonalized – Los Angeles attorney Angelo Paparelli of Seyfarth Shaw on his blog, Nation of Immigrators