Meet Simpson Thacher’s New Litigation Co-Head

By Jenna Greene |

Securities litigator Jonathan Youngwood is stepping up to co-head the litigation practice at Simpson Thacher & Bartlett, the firm announced Monday. What are his plans for the 200-plus lawyer group?

They’re Baa-aack: Securities Class Actions Jump

By Jenna Greene |

Securities class action filings last year hit the highest level since 2008, according to a new report. What's behind the numbers?

Shout-Out: Skadden Spearheads Appellate Win for DuPont in Shareholder Suit

By Jenna Greene |

A team from Skadden, Arps, Slate, Meagher & Flom led the way in securing an appellate victory for E. I. du Pont de Nemours & Co., affirming the dismissal of a shareholder derivative lawsuit that accused current and former DuPont directors of breaching their fiduciary duty.

Shout-Out: Weil Kicks Securities Fraud Class Against Sanofi

By Jenna Greene |

A team from Weil, Gotshal & Manges won dismissal of a securities fraud class action against French drug giant Sanofi, which was accused of using an illegal kickback scheme to pump up sales of its diabetes drugs.

Stuart Singer, left, and David Barrett, right.

Litigators of the Week: Stuart Singer and David Barrett of Boies Schiller

By Susan Beck |

In the latest settlement tied to so-called feeder funds that funneled money to Bernie Madoff, PricewaterhouseCoopers agreed to pay $55 million to investors.

Why 2016 May Be a Rough Year for Litigation

By Jenna Greene |

For litigators, 2016 may be less than happy, according to big-picture forecasts from legal consultants. But at the practice-specific level, lawyers are focused on more tangible shifts and trends.

Kannon Shanmugam of Williams & Connolly.

Litigator of the Week: Kannon Shanmugam of Williams & Connolly

By Susan Beck |

To vacate the conviction of a former bond trader who had admitting to lying to investors, Shanmugam pressed a bold argument: Lots of bond traders lie.

Lateral Litigator Love: November’s Biggest Moves

By Jenna Greene |

There’s no place like a new law firm for the holidays. A series of star litigators made the leap to new firms in the waning weeks of the year, with securities and intellectual property litigators in especially high demand. Here’s a look at some of November’s most notable moves.

Gibson Dunn's Brian Lutz

Litigator of the Week: Brian Lutz of Gibson, Dunn & Crutcher

By Scott Flaherty |

By going on the offensive for client Depomed, Lutz helped bring an abrupt end to a $1.75 billion hostile takeover bid.

Morning Mashup: Morgan Stanley Takes One to the Jury; White’s ‘Earth to Mary Jo’ Moment

By Jenna Greene |

For the first time in a decade, Morgan Stanley tried a case to verdict in front of a real, live jury. What happened? Also, results from Alix's litigation survey; SEC head Mary Jo White gets personal; and a letter to the editor.

Litigator of the Week: Steven Thomas of Thomas, Alexander & Forrester

By Scott Flaherty |

The Sullivan & Cromwell partner turned plaintiffs lawyer says a verdict he won against Ernst & Young may be his most significant yet.

Darren Robbins.

HCA to Pay $215M in Latest Big Securities Class Settlement

By Jenna Greene |

For the first six months of the year, it looked like securities class actions were in the doldrums. But since June 30, there’s been a series of big-ticket settlements in cases brought by Robbins Geller Rudman & Dowd. The latest: a $215 million payout by HCA.

Cure Cancer? Nah, Let’s Just Sue Each Other

By Jenna Greene |

Corporate disputes are often dry, bloodless things, but every once in a while, a case comes along with enough drama, scheming and betrayal to be worthy of a soap opera. That’s what happened last week in a fight over control of Genelux Corp., a privately held company with a mission to cure cancer.

What a Week for Laterals—A Look at the Most Interesting Moves

By Jenna Greene |

Conventional wisdom has it that the fourth quarter is slow for lateral moves—partners are supposed to hunker down and wait for the end of the year. But in the past week, we at the Lit Daily have been struck by a number of notable lateral moves. Here's a look at the most interesting among them, and what they tell us about the market.

A Credit Agricole bank branch in Nice, France, on Wednesday, Sept. 14, 2011.

When a $787M Penalty Is a Good Outcome

By Jenna Greene |

Even for a bank, $787 million is a big penalty. But in many ways, the deal that lawyers from Skadden, Arps, Slate, Meagher & Flom on Tuesday secured for Crédit Agricole SA for sanctions violations was a good one. How does it stack up compared to what Sullivan & Cromwell negotiated for BNP Paribas last year?

Shout-Out: Foley Wins Dismissal in Case That Could Reshape Shareholder Suits

By Jenna Greene |

In a case that could offer a template for other companies looking to cut off shareholder class actions, lawyers from Foley & Lardner secured dismissal with prejudice last week of a suit against Emergent Capital Inc. in Florida federal court.

Shout Out: Skadden Racks Up Four Wins in 48 Hours

By Jenna Greene |

Securities litigators at Skadden, Arps, Slate, Meagher & Flom are on a hot streak, winning dismissal of four potential mega-suits last week.

Shout-Out: Covington Saves Small Company From FCPA Peril

By Jenna Greene |

When a small oil exploration company came under investigation for violating the Foreign Corrupt Practices Act, it could have been the end. Instead, a team from Covington & Burling saved the day.

Owner Mark Cuban of the Dallas Mavericks attends the NBA game between the Dallas Mavericks and the Los Angeles Lakers at Staples Center on March 8, 2015 in Los Angeles, California.

SEC Nemesis Mark Cuban Strikes Again—But on the Wrong Side

By Jenna Greene |

The U.S. Securities and Exchange Commission must rue the day it ever picked a fight with Mark Cuban. But the the billionaire basketball team owner/reality show star is on the wrong side as an amicus in a case challenging the SEC's ability to bring administrative cases.

Shout Out: Weil Wins 10-Year False Claims Fight

By Jenna Greene |

After a 10-year fight that included one trip to the U.S. Supreme Court and two to the U.S. Court of Appeals for the Second Circuit, Weil Gotshal & Manges lawyers got a False Claims Act suit against Schindler Elevator Corp. dismissed on summary judgment.

Shout-Out: Latham Unplugs Securities Fraud Suit Against Car Battery Maker

By Jenna Greene |

Latham & Watkins litigators on Tuesday won dismissal of a would-be securities fraud class action against a company that made electric car batteries for the beautiful but ill-fated Karma by Fisker.

Andrew Ceresney.

Small-Time, Boring Cases? Well Done, SEC

By Jenna Greene |

Under the heading “They don’t make ‘em like they used to” add accounting fraud suits by the U.S. Securities and Exchange Commission. But that’s a good thing.

Shout-Out: Kramer Levin and Greenberg Traurig Get Securities Fraud Suits Tossed

By Jenna Greene |

A team of lawyers from Kramer Levin Naftalis & Frankel and Greenberg Traurig on Friday won dismissal of two securities fraud class actions against mortgage servicer Ocwen Financial Corp.