• September 19, 2012, 8:50 AM

By Joe Palazzolo

Mortgage fraud: Here’s a disturbing twist in mortgage-fraud cases in recent years: Many of the alleged wrongdoers hold law licenses. WSJ

Cybersecurity: Frustrated by congressional failure to pass a cybersecurity bill, Sen. Jay Rockefeller (D., W.Va.) is sending letters to the chief executives of every Fortune 500 company, asking them to describe their company’s handling of computer security. WSJ

Teaming up: Meanwhile, Google Inc., Amazon.com Inc., Facebook Inc. and 11 other Internet companies have formed a lobbyist group, as issues such as online privacy and security become a growing focus for lawmakers in Washington. Bloomberg

Private bar, public bench: In a recent interview with Reuters, Justice Antonin Scalia discussed how judicial salaries are affecting the composition of the federal bench:

“The salaries of federal judges are so low that you’re not getting the best lawyers anyway,” Scalia said. “You’re (not) getting the, the best private lawyers. You may be getting good people, but they’re people who have been an assistant U.S. attorney, then they’re a bank, you know, a minor state judge, then a bankruptcy judge, and then a magistrate judge. And, you know, they finally get appointed to a federal district court. A huge percentage of our federal judges now have never practiced law privately.”

Vroom: Porsche SE’s shares surged after a German court dismissed two cases that claimed Porsche manipulated the market during its failed attempt to take over the much larger Volkswagen in 2008. FT

Courtesy of http://blogs.wsj.com