The $50 billion Yukos arbitration award got the big headlines this week. But a smaller Yukos award by the European Court of Human Rights could have even greater implications for Russia's future.
Allergan claims that hostile bidder Valeant colluded with activist investor Bill Ackman, enabling Ackman's hedge fund Pershing Square to trade on inside information.
For the first time, the U.S. Court of Appeals for the Second Circuit has announced a bright-line rule to determine who is a customer entitled to arbitration with the Financial Industry Regulatory Authority.
Four years ago, a special master recommended that class certification be denied in a case brought by plaintiffs who bought computers equipped with Intel microprocessors. A judge has finally followed through and done that.
We've always rejected strict formulas for choosing Litigators of the Week. Here's an exception: If you win a $50 billion judgment in a complex, politically charged battle with a major world power, you've got it made.
It's been three months since the U.S. Supreme Court ruled on fee-shifting in patent infringement lawsuits. But battles over how to apply the new standards are just beginning, as two companies at the center of the high court's rulings illustrated this week.
Inventor Sheldon Goldberg and lawyers at Dovel & Luner dropped a patent case against Amazon without recovering a cent. But they immediately picked a new fight, suing Microsoft on the same day in the same court over some of the same patents on online advertising technology.
What does a dead cow have to do with a mortgage sold by Countrywide Financial? U.S. District Judge Jed Rakoff has the answer, and it's a costly one for Bank of America.
Ahead of a damages-only bench trial set for next month, a judge precluded the SEC from recovering the total profits it accuses Sam and Charles Wyly of netting from stock trades orchestrated through a secret offshore system.
Facing claims by both DuPont and the Justice Department that it stole secrets related to Kevlar, Kolon's lawyers say keeping the civil case on track would give prosecutors an unfair advantage.
With capital raised in a first-of-its-kind bond offering by Burford's U.K. subsidiary, the company said its war chest of assets under management now exceeds $500 million.
Legally, the Yukos oligarchs deserve their $50 billion. Morally, it's murky.
Handing a win to Amazon and its lawyers at Jenner & Block, a judge tossed claims that the charger sold with Amazon's Kindle e-reader is identical to one sold by a small company called VoltStar Technologies.
With trial approaching for Goldman, RBS, HSBC and Nomura, a judge rejected the argument that Fannie Mae and Freddie Mac knew they were being misled about billions of dollars in residential mortgage-backed securities they purchased before the financial crisis.
A tribunal in The Hague held the Russian Federation liable for $50 billion, finding that it bankrupted the country's largest oil producer to plunder the company's assets.
After reaching a deal with skeptical New York officials, the ride-sharing company announced that riders could begin using the service on Friday.
Despite a U.S. Supreme Court decision that encourages more fee-shifting in patent cases, the online retailer and enthusiastic "troll hunter" Newegg Inc. got trounced on Friday in a fee fight with the patent licensing entity Pragmatus Telecom.
In the latest ruling to address the ever-narrowing scope of the Alien Tort Statute, the Eleventh Circuit dismissed long-standing claims that Chiquita Brands International facilitated war crimes by paramilitary groups in Colombia.
Two contradictory appellate court rulings this week framed the next battle over Obamacare. Carvin was at the center of both of them.
Despite receiving thousands of tips and shelling out eight awards to Dodd-Frank whistleblowers, the SEC has managed to keep the identities of its informers tightly under wraps. But a leak was inevitable, and now we've got one, courtesy of a fight over—what else—money.
Neogenix Oncology Inc., a bankrupt would-be developer of cancer diagnostic and treatment products, blamed its outside lawyers for allowing the company to pursue an illegal fund-raising strategy for more than five years.
The potentially record-shattering arbitration award will be unveiled Monday by former Yukos shareholders and their longtime counsel at Shearman & Sterling.
ITT Educational Services and its lawyers at Gibson Dunn suffered their latest setback on Tuesday, when a judge refused to dismiss most of a shareholder class action alleging that the for-profit education company duped investors about rising student loan default rates.
The ruling extends a recent hot streak for Bancroft's Paul Clement, who's scored a series of rapid-fire reversals in cases involving Hobby Lobby, Aereo and the Chinese heavy equipment giant Sany Group.
Google's lawyers at Quinn Emanuel lost an early bid to knock out patent infringement claims brought by Rockstar Consortium, the Apple-backed group that snatched up Nortel Networks' patent portfolio in a 2011 auction.
Handing a win to defense lawyers at Sidley and Hughes Hubbard, a judge on Monday dismissed claims that Deloitte defrauded ChinaCast Education Corp. investors by failing to detect alleged fraud at the Shanghai-based company.
The much-maligned patent holder and its lawyers at Farney Daniels argue that MPHJ's rights—not to mention the U.S. patent system—are under assault by Vermont's attorney general and a federal judge in Burlington.
Despite admitting to using faked evidence to win a $25 million verdict last March, LBDS Holding Company urged a federal judge in East Texas not to scrap the jury's damages award.
Even if Friday's verdict is promptly whittled down, it's a reminder of the tobacco industry's failure to rein in an endless stream of tobacco cases pending in Florida in the wake of Engle v. Liggett.
As some of the firm's biggest cases wind down, Quinn Emanuel is branching out and landing major new assignments, including a review of GM's litigation strategy.
A group of major merchants that opted out of a $5.7 billion antitrust settlement with Visa and MasterCard have cleared a hurdle in their case against the card companies over swipe fees.
The decision by the Federal Circuit comes just one week after oral arguments that pitted the smartphone makers' heavyweight lawyers at Fish & Richardson and Jones Day against equally formidable counsel from Quinn Emanuel Urquhart & Sullivan.
Navigating his way through racial politics, education policy and U.S. Supreme Court precedent, Garre won a ruling this week that preserves student affirmative action at the University of Texas at Austin.
After toiling through four years of litigation related to MBIA Inc.'s 2009 restructuring, the bond insurer's lawyers at Kasowitz Benson won a ruling this week that puts Lloyd's of London and other underwriters on the hook for a hefty portion of MBIA's defense tab.
The settlement calls for Apple to pay between $450 million and nothing at all, depending on what an appeals court does with a July 2013 liability verdict from U.S. District Judge Denise Cote in Manhattan.
In Wednesday's deal with Bank of America, Quinn Emanuel client AIG will pocket $650 million in cash, plus its pro rata share of an earlier $8.5 billion settlement between BofA and mortgage-backed securities investors.
Handing a win to lawyers at Cahill and Skadden, the Second Circuit affirmed Wednesday that its 2011 decision in Fait v. Regions Financial dooms a long-running securities class action against Deutsche Bank AG and a half-dozen big underwriting banks.
A U.S. Supreme Court decision from last month has breathed new life into claims that BP mismanaged employee stock ownership programs that plummeted in value after the 2010 Deepwater Horizon oil spill.
Handing a win to Bancroft's Paul Clement, the U.S. Court of Appeals for the D.C. Circuit ruled Tuesday that the Obama Administration ignored due process when it barred a Chinese-owned company from acquiring a planned wind farm project near a U.S. Navy facility.
Quinn Emanuel Urquhart & Sullivan chipped away this week at an unfair competition lawsuit over client Uber Inc.'s practices in Chicago. But the upstart transportation company isn't even close to freeing itself from similar cases around the country.
After 14 years of litigation, a billion-dollar patent and trade secrets case against Seagate Technology and Compaq (now Hewlett-Packard) may finally be over.
For the law firms driving consolidated litigation over Puda's demise, Monday's ruling is a welcome bit of good news. For the boutique investment banks Macquarie Capital and Brean Murray Carret & Co., not so much.
The DOJ cited "the strength of the evidence" warranting Citigroup's $7 billion payment over sales of residential mortgage-backed securities. But there's little evidence to be found in the statement of facts accompanying Monday's deal.
Mayer Brown's Hank Bullock persuaded the Supreme Court of Iowa that Schwarz Pharma and Wyeth can't be sued over generic drugs they didn't distribute. Pliva, which allegedly hid the risks of its generic version of Reglan, wasn't so lucky.
The Federal Circuit invalidated an Acacia Research patent related to tagging digital images on Friday, handing a win to a big group of retailers and digital camera companies represented by Mark Lemley of Durie Tangri.
Recent developments involving the ABA and state bar leaders in North Carolina highlight the same problem: Well-intentioned or not, the legal profession lacks real solutions for millions of Americans who need a lawyer but don't have the means to hire one.
Steven Donziger isn't the only one who has a bone to pick with U.S. District Judge Lewis Kaplan, the Manhattan judge who sided with Chevron Corporation earlier this year in sprawling litigation over legacy oil pollution in the Ecuadorean Amazon.
Gitner kept U.S. Attorney Preet Bharara from claiming another scalp in his war on insider trading. More importantly, he kept his client out of jail.
What do mortgage-backed securities have to do with antiwrinkle creams? Not a whole lot, the Second Circuit told a group of disappointed class action lawyers on Thursday.
More than 20 years after Zaire (now the Democratic Republic of Congo) defaulted on loans from Citibank NA and other banks, a U.S. judge ordered the poverty-stricken nation to pay a combined $69 million to two hedge funds that snatched up the country's debt.
The Second Circuit on Wednesday affirmed a decision ordering nearly $2 billion held in frozen New York bank accounts to be handed over to claimants who sued Iran over its role in multiple acts of terrorism.
In a victory for Beth Wilkinson of Paul Weiss and her cocounsel at Simpson Thacher and DLA Piper, a federal judge in Manhattan refused to give plaintiffs a new chance to explain how Pfizer caused their losses.
With some indirect help from the U.S. Court of Appeals for the Second Circuit, Rengan Rajaratnam and his lawyers at Lankler Siffert & Wohl have snapped Manhattan U.S. Attorney Preet Bharara's undefeated record in insider-trading cases.
Was Orrick spooked by a senior partner's involvement in a corporate espionage case related to China's hunger for GMO seed technology? The firm won't say, but the partner is gone and the firm has withdrawn from the high-profile case even as it continues to expand.
For three years the patent holder DietGoal Innovations has hounded dozens of food and media companies in courts all over the country, alleging that everyone from NBCUniversal's Bravo Media unit to Dunkin' Donuts infringed its patent for a system of computerized meal planning.
The Federal Circuit ruled Monday that Intel's computer chips don't infringe on tiny X2Y Attenuators' patents, dealing a final blow to X2Y's unlikely bid to block sales of Apple and Hewlett-Packard computers that use the Intel chips.
While most people were enjoying the tail end of a long holiday weekend, U.S. District Judge Jed Rakoff was busy Sunday delivering a key victory to foreign banks targeted by Irving Picard, the liquidation trustee for Bernie Madoff's defunct investment firm.
Oyez, oyez, oy vey iz mir. This summer's trial of the century may just happen after all.
In the span of less than a week, the former U.S. solicitor general unraveled the Affordable Care Act's contraceptive mandate and derailed a threat to the broadcast and cable TV industries.
Lawyers for New York attorney Steven Donziger reloaded this week in their epic fight with Chevron, asking an appeals court to vacate a finding that Donziger procured a $9.5 billion judgment against the oil giant through wholesale fraud.
Irell & Manella's John Hueston said the SEC once appeared on the brink of bringing insider trading claims against ex-Goldman Sachs banker Matthew Korenberg.
In what appears to be the first order of its kind, a judge green-lighted a class action on behalf of about 250,000 African-Americans who claim they were subjected to discriminatory criminal background checks by the U.S. Census Bureau.
Which jurisdiction, Eastern Texas or Northern California, will oversee Apple's proxy patent war with Google? Both of them, according to a new order from U.S. District Judge Rodney Gilstrap in Marshall, Tx., who refused to cede the litigation to another judge in San Francisco.
In detailing their record settlement with BNP Paribas this week, prosecutors suggested that the French Bank relied on questionable advice from at least one major law firm to justify violating U.S. sanctions regimes.
The EEOC closed out 2013 with a key win in its discrimination case against Mach Mining, persuading an appeals court that the agency's targets can't second-guess its prelitigation conduct. Now the EEOC is facing a much bigger test at the U.S. Supreme Court.
With a potential fraud conviction in his future, Paul Ceglia is digging into the past to fight criminal charges that he fabricated a contract and other evidence in his failed suit claiming to own a 50 percent of Facebook Inc.
Sullivan & Cromwell helped steer BNP Paribas SA to a historic guilty plea and settlement on Monday, bolstering the firm's reputation as go-to counsel for banks locked in hostile negotiations with regulators.
The U.S. Supreme Court has finally put an end to Irving Picard's quest to recover billions of dollars from HSBC, UniCredit and other banks he accused of facilitating Bernard Madoff's fraud.
Paving the way for trial and complicating the efforts of Jordan's Arab Bank to persuade jurors that its hands are clean, the U.S. Supreme Court declined to review a ruling that Arab Bank should be sanctioned for refusing to turn over documents.
Less than a week after the U.S. Supreme Court shattered the legal argument underpinning Aereo Inc.'s business model, the online television streaming service told customers that it's shutting down while its lawyers try to pick up the pieces.
The appeals court knocked out claims that dozens of drug companies ignored the risks of a painkiller pulled from the market in 2010.
Thursday's ruling in National Labor Relations Board v. Noel Canning caps a month of litigation victories involving Gibson, Dunn & Crutcher.
Unlike Boies's most famous cases, most Americans will never hear of Halliburton Co. v. Erica P. John Fund. But for corporations, or anyone whose bread is buttered litigating securities class actions, Halliburton was the big news at the Supreme Court this week.
After churning through more than 12 years of litigation, three law firms, at least five dismissals and who knows how much cash, Canada's Norex Petroleum Ltd. finally caught a break on Thursday in its billion-dollar brawl with a gaggle of oil companies and Russian oligarchs.
The prolific non-practicing entity EMG Technology has enjoyed great success asserting a patent on mobile website technology. But after six years of lawsuits, EMG's patent is now on life support following a rare pretrial defense win in the Eastern District of Texas.
Drugmaker Shire plc announced a big win Wednesday in a patent fight that's pitted the company's lawyers at IP boutique Frommer Lawrence & Haug against a phalanx of larger firms.
For Aereo's lawyers, the company's copyright battle with the television broadcast industry both epitomized bet-the-company litigation and turned the formula inside out.
According to the Electronic Frontier Foundation, Jones Day threatened a spurious lawsuit in hopes of censoring protected speech by a critic of the firm's Detroit bankruptcy work.
The deal between Meritor Inc. and Eaton Corp. caps nearly a decade of antitrust litigation that pulled in lawyers from at least eight law firms.
When Gibson Dunn lawyers won a ruling this month that California's teacher tenure laws are unconstitutional, the firm predicted copycat suits would follow. Sure enough, now Jay Lefkowitz and his colleagues at Kirkland & Ellis are taking up the mantle in New York.
In Halliburton Co. v. Erica P. John Fund, the Supreme Court had a chance to shut down securities litigation as we know it. Instead, Monday's decision has plaintiffs lawyers thanking their stars—and may even promise more billable hours for defense lawyers.
Three hold-out banks that have refused to settle with the FHFA—Nomura, HSBC and Goldman Sachs—rehashed old arguments to defeat claims that they misled Fannie Mae and Freddie Mac about the riskiness of billions of dollars in securities backed by home loans.
It's not often that litigators from Boies, Schiller & Flexner and Reed Smith go to battle over less than $3 million. But a peculiar lawsuit involving a fake semiconductor company CEO and Chinese wire transfers has the two firms duking it out in Manhattan federal court.
The Eighth Circuit gave the NFL Players Association an opening to revive its $3 billion lawsuit accusing league owners of colluding to secretly cap salaries for the 2010 season. But the union's lawyers at Winston & Strawn and Latham & Watkins still face a long road to recovering any damages.
A squadron of top litigators has descended on Delaware, ready to duke it out over claims that truck components manufacturer Eaton Corp. owes billions of dollars in damages to rival Meritor Inc.
Grossman didn't just help Macy's win its high-profile bench trial against rival J.C. Penney over the Martha Stewart brand. He publicly shamed J.C. Penney's entire leadership for trying to lure Stewart away.
Lawyers at Kirkland and Paul Weiss tentatively freed their clients from a class action targeting them over services they provided to Fairfield Greenwich Group, a manager of so-called feeder funds that funneled billions of dollars into Bernie Madoff's Ponzi scheme.
Judging by the flurry of lawsuits Bernstein Litowitz Berger & Grossmann just unleashed against some of the world's top banks, mortgage-backed securities litigation has life in it yet.
BlackBerry Ltd. shareholders enjoyed some rare good tidings on Thursday when the company posted a surprise profit. But the news wasn't so good for investors-turned-plaintiffs suing BlackBerry in a proposed securities class action.
White workers allegedly placed nooses around an Austal USA shipyard in Mobile and repeatedly taunted black workers with slurs. But that didn't create a pervasive hostile work environment, the court held.
The competition is heating up for plaintiffs firms jostling to win the lead counsel spot in litigation inspired by Michael Lewis's best-selling book on high-frequency trading.
On Tuesday the greatest child pornography prosecution in history concluded with the sentencing of the Ukrainian child pornographer Maksym Shynkarenko to 30 years in prison.
The U.S. Court of Appeals for the Second Circuit affirmed a win that Ropes & Gray won for Keurig last year in Vermont, leaving the company free to fight other litigation battles related to its single-serving coffee brewers.
Apple is hedging its bets in the sprawling e-books antitrust litigation, agreeing to a settlement on damages that allows the company to continue fighting a year-old decision that it's liable for fixing e-book prices.
On the same day that Gupta begins a two-year prison term for criminal insider trading, Wilmer's Seth Waxman lost a bid to contest a hefty fine and injunction won by the SEC in its parallel civil case.
John Paul Reddam has a varied resume: businessman, former college philosophy professor, owner of the 2012 Triple Crown contender I'll Have Another, and failed tax shelter investor.
The social media giant was accused of infringing patents that belonged to now-deceased Dutch computer programmer Joannes Van Der Meer, who was tinkering with a social networking website called SurfBook before his 2004 death.
WellCare Health Plans' lawyers at Greenberg Traurig tried to use a federal victims' rights law to get restitution from former executives convicted of health care fraud. The Eleventh Circuit shot down that creative claim.
Food industry trade groups are fighting back against Vermont's first-of-its-kind state law requiring the labeling of genetically engineered food, arguing that it violates the First Amendment as well as the Commerce Clause.
In a win for the generic drug company Teva Pharmaceuticals and its lawyers at Winston & Strawn, the Federal Circuit knocked out a Bristol-Myers Squibb patent on the Hepatitis B drug Baraclude.