Wake Up Call: Justice Department Sues to Block Two Mergers

• The U.S. Justice Department Thursday sued to block two proposed mergers that would consolidate the nation’s five biggest health insurers into three. (Big Law Business/Bloomberg News)

• The California State Bar suffers from ineffective governance that hinders efforts to protect the public from bad lawyers, according to a draft report by the organization’s task force which makes no firm proposals for solving the problem. (The Recorder)

• Exxon Mobil,which agreed Thursday to acquire InterOil, a drilling company with projects in Papua New Guinea, for at least $2.5 billion, got advice from law firms Davis Polk & Wardwell and Blake, Cassels & Graydon, ...