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 The firm won't say, but the partner is gone and the firm has withdrawn from the high-profile case even as it continues to expand.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.
For the second time in two weeks, Waxman has clinched a victory at the U.S. Supreme Court. This latest win will allow his client Pom Wonderful to move forward with its false advertising claim against Coca-Cola.
Ropes & Gray, Sullivan & Cromwell, Jones Day and Kirkland & Ellis reached the agreement Wednesday on behalf of the two companies, which were accused of conspiring with other private equity players to deflate the price of corporate takeovers.
Bingham prevails for Raytheon in a class action brought by plant workers who say they were exposed to dangerous beryllium dust and fumes.
Warner Bros. and The Saul Zaentz Company claim that Greenberg Glusker accessed confidential attorney-client information by soliciting two former in-house lawyers who negotiated the original 1969 film rights agreements to the "The Lord of the Rings" and "The Hobbit."
Although $739 million been set aside to reward those who report wrongdoing in the financial markets, awards to date have barely dented those accounts.
HathiTrust, which defeated infringement claims by the Authors Guild, is something of a proxy for Google. The project, run by universities, is filled mostly with books scanned by Google as part of its Google Books project.
Back-to-back losses by the SEC in insider trading trials amplify concerns that it's done a poor job picking its battles, but they also suggest the agency is at a disadvantage compared to the more successful DOJ.
Citgroup and its lawyers at Mayer Brown failed to knock out a lawsuit by the city of Los Angeles accusing the bank of discriminatory mortgage lending. The city is assisted by Hagens Berman, which is working for a contingency fee.
In a battle between two companies in the teeth-straightening business, the ITC previously ruled that infringing products brought into the U.S. through electronic transmission can be banned. Now the ITC will lift a cease-and-desist order until the Federal Circuit weighs in.
The Massachusetts Court of Appeals on Friday revived allegations that former Bingham McCutchen lawyer John Snyder acted in bad faith by withholding evidence that would have supported investor claims against the firm's client, Merrill Lynch & Co Inc.
With help from longtime counsel Kenneth Anderson of Sheppard Mullin, the Beastie Boys secured a $1.7 million jury verdict on Thursday against energy drink company Monster Energy Co. for using the band's music in a promotional video without authorization.
Patent licensing firm Cascades Ventures Inc. claims that the inter partes review provisions of the America Invents Act violates the Seventh Amendment. K&L Gates is advising Square Inc., which initiated the review.
Litigators of the Week: Joel Cohen of Gibson, Dunn & Crutcher; Mark Cohen of Cohen & Gresser; and Roland Riopelle of Sercarz & RiopelleBy Jan Wolfe |
The three defense lawyers won trial victories for clients accused by the SEC of an insider trading scheme at hedge fund Wynnefield Capital.
The bad news for BP just keeps coming from the Fifth Circuit. On Wednesday, the court held that BP and codefendant Anadarko can be liable for enormous statutory damages under the Clean Water Act as owners of the Macondo well that polluted the Gulf of Mexico in 2010.
The public interest group Consumer Watchdog doesn't have standing to challenge the PTO’s decision to uphold a patent on human embryonic stem cells, according to a ruling Wednesday by the U.S. Court of Appeals for the Federal Circuit.
It's not the court's conclusion's that's so troubling, writes Susan Beck. It's the language the Second Circuit uses to talk about the SEC's deal with Citigroup and other government settlements.
Seventh Circuit Judge Richard Posner pokes holes in a consumer class action settlement with the Pella window maker, finding the plaintiffs lawyers' $11 million fee wildly disproportionate.
In a litigation financing arrangement that's structured more like a traditional loan, Burford Capital claims it made an $11 million profit on a $15 million financing with a U.K. power company.
A federal jury in Austin convicted former ArthroCare CEO Michael Baker and former CFO Michael Gluk of inflating financials at the surgical device company.
A rough year for the U.S. Court of Appeals for the Federal Circuit got rougher on Monday, when two more of its rulings were unanimously reversed by the U.S. Supreme Court.
After a failed bid by Quinn Emanuel for help from the U.S. Supreme Court, Pfizer opted to settle claims over the company's marketing of its epilepsy drug.
FindTheBest CEO Kevin O'Connor lost a battle last month, when a judge tossed his RICO case against Lumen View Technology. But O'Connor still won his self-described "war" against Lumen View, especially now that the company is on the hook for FindTheBest's legal bills.
Lawyers at Hollingsworth have mostly defeated claims over DynCorp's antidrug crop spraying in South America two decades ago. But the long-running litigation isn't quite over, thanks to an appeals court ruling issued on Friday.
The patent litigation playbook has changed dramatically over the past two decades. But according to a trio of academics and patent experts, the average win-loss record has barely budged.
Neuman made a name for herself exposing fraud on the part of plaintiffs lawyers suing Dole over its pesticide use in Latin America. This week, she finished off nearly all the remaining cases in a more old-fashioned way, winning a ruling that Dole's opponents waited too long to sue.
Last month the Supreme Court gave district court judges more leeway in awarding attorney fees in patent cases. But at least so far, the decision hasn't done much to prompt judges to shift fees to losing plaintiffs.
Morgan Stanley has been keeping its lawyers at Davis Polk & Wardwell busy with litigation stemming from the subprime meltdown. And judging by two decisions issued this week, the firm is earning its keep.
A proposed class action against Morgan Stanley has served as a petri dish for key issues in mortgage-backed securities litigation, with mixed results for both sides.
The German drug company and its lawyers at Covington & Burling were facing their first trial in September over claims that the drug thinner Pradaxa caused patients to bleed out.
Akin Gump said last week that LBDS Holding Company admitted to fabricating evidence at the heart of a $25 million jury verdict. In its haste to flee the case, did the firm reveal too much about its former client's conduct?
A case that sparked debate over the murky backgrounds of many IP plaintiffs came to an unceremonious end on Tuesday, when an appeals court refused to revive patent infringement claims targeting Google Inc. over its lucrative Adsense program.
The governments of South Korea and the United States are clashing over whether an appeals court should resurrect Motorola Mobility's price-fixing case against the world's liquid crystal display manufacturers.
In a setback to BAE Systems Inc. and its lawyers at Foley & Lardner, an appeals court will allow claims to proceed against the military contractor for allegedly retaliating against two purported whistleblowers in violation of the False Claims Act.
The ruling could upend a huge securities fraud case against Pfizer over its marketing of the painkillers Celebrex and Bextra. Pfizer is represented by Paul Weiss, Simpson Thacher and DLA Piper.
A surprise filing by Steven Donziger aims to block Patton Boggs' settlement with Chevron and threatens the firm's plans to combine with Squire Sanders.
To call this a litigation about litigation about litigation is too simple. The case of Donziger v. Chevron has morphed into Chevron v. Donziger, which has morphed into Chevron v. Patton Boggs, which has morphed into Donziger v. Squire Patton Boggs.
A Citigroup Inc. shareholder has hit a dead end in a lawsuit alleging that the bank didn't properly investigate its bets on collateralized debt obligations, marking a win for attorneys at Cravath, Paul Weiss and Wachtell.
Kulik of Kulik Gottesman & Siegel and U. Penn law professor Bibas scored a rare win against a movie studio this week after the U.S. Supreme Court revived a copyright infringement suit over the 1980 film "Raging Bull."
Sullivan & Cromwell continued to chip away at BP's potential liability to investors this week, scuttling the larger of two proposed classes in securities litigation related to the Gulf Coast oil spill.
A courtroom victory is turning into a nightmare for Akin Gump Strauss Hauer & Feld after the firm discovered that a client's case was premised on deceit.
After fending off a last-ditch U.S. Supreme Court appeal in April, plaintiffs in a rare class action under the Racketeer Influenced and Corrupt Organizations Act inked a $297 million deal with U.S. Foods Inc. and its former parent, the Dutch retail conglomerate Royal Ahold.
The Carlyle Group LLP and its lawyers at Williams & Connolly killed off claims that the company misled investors about the riskiness of residential mortgage-backed securities.
Gerchen Keller's new Athena FSP affiliate offers a solution for patent plaintiffs worried about having to pay their adversaries' legal fees.
FindTheBest CEO Kevin O'Connor declared "war" on accused patent troll Lumen View Technology, calling patent trolls the "scum of the earth." The war may not be over, but this week a judge stripped FindTheBest of its chosen courtroom weapon.
The ghost of Michael Jackson performed live over the weekend in Las Vegas. And Alki David, the Hollywood heir to a Greek shipping and bottling fortune, isn't happy about it.
In a highly anticipated decision, the Eleventh Circuit on Friday largely sided with federal prosecutors' broad definition of what constitutes a "foreign official" under the Foreign Corrupt Practices Act.
The bank's lawyers at Munger Tolles and Winston & Strawn persuaded the Second Circuit that BofA didn't intend to dupe shareholders about a looming $10 billion lawsuit brought by AIG.
Three-and-a-half years in federal prison isn't exactly a slap on the wrist. Still, with prosecutors gunning to put convicted insider trader Michael Steinberg behind bars for nearly twice that long, Steinberg's sentencing on Friday could have gone much worse.
Lawyers at Baker & McKenzie lost a bid to dismiss a proposed securities class action targeting Life Partners, which lets customers play poker with other people's life insurance policies.