The PM Roundup: Hu Tapped to Head New SEC Division, More

[WSJ Law Blog]

Let’s quickly get you up to speed on the afternoon’s legal news, before releasing you from our clutches for the day.

Hu to Lead SEC Division: The SEC is establishing a new division to help the agency better identify risks and trends in financial markets. And Wednesday, the SEC named University of Texas law professor Henry Hu (pictured) to head the new department, called the Division of Risk, Strategy, and Financial Innovation. (Reuters, BLT Blog)

A Skype Suit: A company owned by Skype’s founders filed a copyright suit against Skype, a move that could complicate the $2 billion deal by eBay Inc. to sell the online communications company to a group of investors. Joltid Ltd., owned by Skype’s founders Janus Friis and Niklas Zennstrom, filed suit Wednesday in federal court in San Francisco, requesting an injunction against Skype and statutory damages for copyright infringements. (WSJ). Repping the plaintiffs: lawyers from Hennigan Bennett & Dorman in Los Angeles. No word, yet, on who’s repping Skype.

Blago Blames Fitzgerald: Former Illinois Gov. Rod Blagojevich blamed federal prosecutor Patrick Fitzgerald for the recent suicide of his friend Christopher Kelly. He likened the attorney’s tactics to those used by a Soviet spy service in an interview with the Washington Times’ American Morning News on Tuesday. (Washington Times)