Top Stories

Wachtell Fends Off Class Action Sparked by Avon Bribes Flap

By Jan Wolfe |

Allegations that Avon bribed its way into the Chinese market sparked a massive internal probe and a criminal settlement. But a judge sent a proposed securities class action over the scandal back to the drawing board on Monday, dealing a defeat to plaintiffs lawyers at Motley Rice.

Signs of a Tougher SEC?

By Susan Beck |

The U.S. Securities and Exchange Commission showed rare nerve in two cases that reached a head last week.

Lawyers Shoot for the Moon With Fee Bid in LBO Case

By Jan Wolfe |

Scott & Scott, Robins Kaplan and Robbins Geller didn't end up getting the billions in damages they were seeking in a class action alleging that private equity firms fixed the prices of leveraged buyouts. But you wouldn't know it from the bold attorneys fee request they made on Friday.

U.S. District Judge P. Kevin Castel

Judge Nixes Hedge Fund's Bid to Block $3.7B Bank Merger

By Jan Wolfe |

The ruling offers an answer to an unsettled question for securities fraud litigants, and it removes one roadblock to the proposed $3.7 billion merger between CorpBanca, one of Chile's largest banks, and Brazil's Itaú Unibanco.

Howard T. Markey National Courts Building/U.S. Court of Appeals for the Federal Circuit in Washington, DC.

Honda Wins Ruling That Patent Plaintiff Deceived the PTO

By Lisa Shuchman |

Nine years after first filing a patent infringement suit against Honda, attorneys at Baker Botts have again failed to shake a ruling that their client duped the U.S. Patent and Trademark Office in order to obtain its patents.

Bancroft's Paul Clement

Fairfield Liquidator Wins New Chance to Void Madoff Deal

By Jan Wolfe |

As with any financial upheaval, the collapse of Bernard L. Madoff Investment Securities brought opportunities for fees and profit. And as with Madoff's fraud, some suffered plain old bad luck.

Wylys Must Pay at Least $300 Million, Judge Rules

By Jan Wolfe |

In one of the stiffest penalties ever imposed on individual defendants in a securities fraud case, U.S. District Judge Shira Scheindlin ordered billionaire Sam Wyly and the estate of his brother Charles Wyly to hand over between $300 million and $400 million to the SEC.

Gary Osen

Litigators of the Week: Plaintiffs Counsel in Linde v. Arab Bank

By David Bario |

Arab Bank may someday reverse a jury's verdict that it's liable for facilitating acts of terror. But for now the victims' lawyers are relishing a long-awaited victory.

Boston Scientific Socked With $309 Million Verdict

By Jan Wolfe |

Siding with lawyers at Williams & Connolly, a state court jury in Maryland awarded patent licensing company Mirowski Family Ventures $309.3 million after a two-week trial.

Illinois High Court Takes Up $10 Billion Philip Morris Case

By Jan Wolfe |

The Illinois Supreme Court is ready to take another look at a $10 billion tobacco verdict against Philip Morris that it threw out a decade ago, only to have a lower court reinstate the verdict this April based on evidence that came out after trial.

Weil Gotshal's Sonal Mehta

Weil Helps Game-Makers Defeat Animation Patent Claims

By Jan Wolfe |

Invoking classic Bob Dylan and fresh U.S. Supreme Court precedent on patent-eligibility, a federal judge on Wednesday halted a small company's litigation campaign against the video game industry.

Persistence Pays Off for Boies Schiller in Barclays-Lehman Brawl

By Jan Wolfe |

Barring an unlikely U.S. Supreme Court reversal, lawyers at Boies, Schiller & Flexner can finally add the roller-coaster bankruptcy litigation over Barclays' fire sale acquisition of Lehman Brothers' brokerage unit to the firm's win column.

Consumer Settlements Top $100M in Auto Parts Collusion Case

By Jan Wolfe |

Auto parts makers have already paid more than $2 billion in penalties to resolve criminal price-fixing claims, so it was inevitable that they'd eventually cut some big checks in parallel consumer class actions.

Venezuelan President Hugo Chavez

White & Case Wins $740M Award Over Venezuela Mine Seizure

By Jan Wolfe |

Spokane, Wash.-based Gold Reserve Inc. is trumpeting the award and congratulating its lawyers, even as it admits that it wanted a lot more money.

Gary Osen showing jurors a video clip of Steve Averbach's deposition during closing arguments in <em>Linde v. Arab Bank</em>.

The Global Lawyer: Scenes from the Arab Bank Terrorism Trial

By Michael D. Goldhaber |

A great trial lawyer delivers a classic closing, only to be upstaged by the shy man who pulled him into the case.

Gary Osen outside Brooklyn federal court, Aug. 14, 2014

A Good Day for Terror Funding Plaintiffs in New York

By Jan Wolfe |

With a historic trial victory against Arab Bank and an appellate decision reviving claims against NatWest, plaintiffs took the advantage in Anti-Terrorism Act litigation against international financial institutions in New York.

U.S. Securities and Exchange Commission building.

Foreign SEC Tipster Gets Record $30 Million Award

By Susan Beck |

In its largest whistleblower award to date, the SEC set aside at least $30 million for a foreign resident who tipped off the agency about an unnamed fraud. The agency said the award was appropriate despite the Supreme Court's stricture against applying U.S. securities laws overseas.

After Losing Patent Case, RICO Claims Still Dog Lumen View

By Lisa Shuchman |

Lumen View Technology would probably love to forget the patent lawsuit it brought against search engine company FindTheBest.com. But after beating the IP case, winning back its defense fees and suing Lumen View for alleged RICO violations, FindTheBest isn't going to let the plaintiff walk away that easily.

Class Action Denied, But Antiaging Pill Litigation Lives On

By Jan Wolfe |

Telomerase Activation Sciences is still locked in litigation with Brian Egan, a former TAS executive who says the pill-maker's marquee product, TA-65, gave him prostate cancer.

The Global Lawyer: A Review of Paul Barrett's 'Law of the Jungle'

By Michael D. Goldhaber |

Paul Barrett's fine new book on Chevron in Ecuador has been called lopsided. Let's take a closer look.

Diegeo Inks Deal to Exit Johnnie Walker Trademark Row

By Jan Wolfe |

As part of the settlement, Johnnie Walker will become a corporate sponsor for the New York-based Explorers Club. The deal ends a feud that pitted the club's lawyers at Boies, Schiller & Flexner against counsel for Diageo at Quinn Emanuel Urquhart & Sullivan.

Settlement Ends Trade Secrets Case Against McKinsey Duo

By Susan Beck |

After repeatedly touting its lawsuit against two former executives who departed for McKinsey & Co., turnaround consultancy AlixPartners and its lawyers at Gibson Dunn quietly settled the case.

Oxfam Sues SEC Over Oil Industry Transparency Rule

By Jan Wolfe |

In its second lawsuit related to requirement for publicly traded oil and gas companies to disclose payments to foreign governments, Oxfam claims the wait for a final version of the rule has gone on far too long.

Ogletree Deakins' Stephanie Aranyos and Brian Gershengorn.

Litigators of the Week: Stephanie Aranyos and Brian Gershengorn of Ogletree Deakins

By Jan Wolfe |

The threat of big overtime damages for contract lawyers in New York has been diminished, thanks to a ruling that Stephanie Aranyos and Brian Gershengorn won for Skadden.

The U.S. Court of Appeals for the Second Circuit in Manhattan.

Daimler Ruling Hangs Over Chinese Counterfeiting Case

By Jan Wolfe |

The Supreme Court's ruling in Daimler v. Bauman arose from claims of torture, kidnapping and murder in Argentina. But the decision holds promise for foreign defendants in all kinds of cases, as the Second Circuit illustrated Wednesday in a battle over funds held by Chinese counterfeiters at Bank of China.

Acacia Unit Socked with Fees in Alcatel Patent Fight

By Lisa Shuchman |

A judge in Delaware agreed with Alcatel-Lucent's lawyers at Goodwin Procter that the plaintiff, an Acacia subsidiary called Chalumeau Power Systems, filed a frivolous lawsuit and backed off only after Alcatel refused to negotiate a settlement.

Bill Lee of Wilmer Cutler Pickering Hale and Dorr.

Wilmer's Lee Erases $368 Million Apple Damages Verdict

By Jan Wolfe |

Another big verdict went up in smoke at the U.S. Court of Appeals for the Federal Circuit on Tuesday, when the appeals court ordered a new damages trial in VirnetX Inc.'s patent infringement case against Apple.

Gibson Dunn's Eugene Scalia

Gibson Dunn's Scalia Notches a Loss over CFTC Swaps Rule

By Jan Wolfe |

A judge mostly upheld the Commodity Futures Trading Commission's rules on cross-border swaps, adding a blemish to Eugene Scalia's impressive record challenging government regulations on behalf of Wall Street.

Jury box..Photo by Jason Doiy.2-9-11.054-2011

CBS Verdict Empowers Podcast Patent Campaign

By Jan Wolfe |

Personal Audio and its lawyers showed they know how to sway a jury, giving the company leverage in any settlement talks with other defendants they've targeted over podcasting IP.

Jonathan Hacker of O'Melveny & Myers.

O'Melveny Fends Off Hitachi TV Patent Claims for TPV

By Lisa Shuchman |

O'Melveny & Myers scored a speedy appellate victory in a battle between past and present television titans, persuading the Federal Circuit to reject patent infringement claims by Japan's Hitachi Consumer Electronics against fast-growing Chinese TV manufacturer TPV Technology Ltd.

Abbe Lowell

Chadbourne, Boies Square Off as U.S. Guards Iran Secrets

By Jan Wolfe |

Chadbourne's Abbe Lowell and Lee Wolosky of Boies Schiller are no strangers to sensational cases. Exhibit A: billionaire Victor Restis' defamation lawsuit against United Against Nuclear Iran, which was thrown back into the headlines over the weekend by the government's plea to toss the case.

The Global Lawyer: How Russia Can Fight the Yukos Award

By Michael D. Goldhaber |

Dutch courts like arbitration winners, and the Dutch don't like Russia. But if you're a former superpower staring down the barrel at a $50 billion award, you take your chances and look for your best argument.

Lawyers Hit Rough Patch in Unpaid Intern Class Actions

By David Bario |

Thanks to a dustup with an erstwhile client and unfavorable rulings by two New York judges, an intern's case against CBS is dead on arrival, and cases against Warner Music Group and Viacom are destined never to go before a jury.

In the Home Stretch, FHFA Inks $550M Deal With HSBC

By Jan Wolfe |

Like more than a dozen bank defendants before it, HSBC on Friday reached a megabucks settlement to end its mortgage-backed securities fight with Fannie and Freddie's conservator.

U.S. Supreme Court.

IndyMac Settlement Leaves Tolling Question Unresolved

By Jan Wolfe |

Investors in mortgage-backed securities issued by IndyMac settled their claims against the bank's underwriters. But the IndyMac litigation lives on at the U.S. Supreme Court—with important implications for the time limits that govern securities class actions.

Jones Day Loses EU Appeal in Credit Card Fee Fight

By Jan Wolfe |

Europe's highest court upheld a ban on credit card fees set by MasterCard Inc., dealing a defeat to the credit card company and its lawyers at Jones Day.

Brad Brian

Litigator of the Week: Brad Brian of Munger, Tolles & Olson

By Jan Wolfe |

As the owner of the oil rig whose explosion fouled the Gulf of Mexico in 2010, Transocean has always been a key defendant in litigation over the Gulf spill. But thanks in part to Brian, BP is still stuck with most of the tab.

Eleventh Circuit Blasts Lawyer, Tosses Florida Smoker Suits

By Jan Wolfe |

"Any lawyer worth his salt knows a dead person cannot maintain a personal injury action," an appellate panel wrote in throwing out hundreds of defective personal injury cases brought by Florida lawyer Norwood Wilner.

Third Circuit Gets It Right in Cahill Fraud Case

By Susan Beck |

By refusing to allow the litigation privilege to shield Cahill Gordon and its former client from egregious fraud claims, a Third Circuit panel took a welcome step toward holding lawyers more accountable for their actions.

Sonal Mehta, Weil Gotshal partner

Weil Wunderkind Sonal Mehta Scores for Adobe

By Jan Wolfe |

Mehta is used to hitting milestones before her peers: college degree by 17, Big Law partner by 30. This week the 33-year-old won her first big patent trial as colead counsel, securing a total defense victory for Adobe Systems.

Vermont Attorney General William Sorrell

MPHJ Files New Suit Challenging Vermont Antitroll Law

By Lisa Shuchman |

The accused patent troll MPHJ Technology Investments is trying a different tack in its battle with Vermont Attorney General William Sorrell, bringing a new federal lawsuit to block the AG from pursuing state consumer protection claims against the company. 

Quinn Emanuel Wields Fair Use to Foil Fox News Claims

By Jan Wolfe |

Fox News and its lawyers at Kirkland & Ellis suffered a big setback on Tuesday in their copyright case against TVEyes Inc., a service that allows corporations, media watchdogs and political campaigns to track what cable news pundits are saying.

Del. Judge Blesses Forum Bylaw Aimed at Scuttling M&A Suits

By Jan Wolfe |

Delaware judges aren't exactly known for ceding jurisdiction to other states, especially in shareholder disputes. But a chancery judge ruled that forum selection bylaws are valid even if they're adopted in anticipation of litigation, and even if they designate a Delaware company's out-of-state home turf as the forum.

ViaSat Agrees to Drop Satellite IP Case for $100 Million

By Jan Wolfe |

After a judge tossed a $283 million damages award they won against rival Space Systems/Loral, the satellite design company ViaSat and its lawyers at Quinn Emanuel have opted to cut a deal rather than face another jury.

Venable Appeals Win for Generics in Hospira Sedative Fight

By Lisa Shuchman |

Less than three weeks after halting drugmakers Mylan and Par Pharma from selling generic versions of Hospira's blockbuster sedative Precedex, a judge in Baltimore performed an unexpected about-face that allows the generics to resume sales.

The U.S. Court of Appeals for the Second Circuit in Manhattan.

Cravath Beats Back Xerox Investor Class Action

By Jan Wolfe |

Despite some regrettably worded internal communications it produced during discovery, Xerox Corporation has finally killed off a class action alleging it overstated the cost-saving benefits of its big corporate reorganization in 1998.

Latham's Margaret

LBO Collusion Case Winds Down With $115M Carlyle Deal

By David Bario |

After seven years of litigation, the white flags are waving in a once massive antitrust class action accusing top private equity firms of scheming to drive down the value of leveraged buyout deals.

D.C. Circuit Judge Sri Srinivasan.

Psych Association Wins Reversal in Fee Class Action

By Jan Wolfe |

In a setback for the American Psychological Association and its lawyers at Wilmer Cutler Pickering Hale and Dorr, an appeals court has revived an unusual class action alleging that the APA duped psychologists into paying extra annual fees to support its lobbying wing.

Polo Group Blocks Ralph Lauren Lawsuit in Trademark Fight

By Jan Wolfe |

The United States Polo Association scored a win in its endless trademark fight with Ralph Lauren Corporation, persuading a judge to compel arbitration of claims that it breached a decade-old truce with RLC.

Quinn Emanuel Reloads Against Banks in New Price-Fixing Case

By Susan Beck |

Fresh off a pretrial win in a lawsuit accusing big banks of conspiring to fix credit default swaps, Quinn Emanuel Urquhart & Sullivan has launched a new multibillion-dollar antitrust suit against the banks, this time over interest rate swaps.

Litigators of the Week: Christopher Placitella of Cohen, Placitella & Roth and Jeffrey Pollock of Fox Rothschild

By Jan Wolfe |

Placitella and Pollock persuaded an appeals court to revive fraud claims against BASF Corporation and Cahill Gordon—and to affirm that the litigation privilege isn't a license to deceive the courts.

Patent Wins Pile Up for Google After Alice v. CLS Bank

By Lisa Shuchman |

Applying the age-old concepts of searching and ranking to the Internet made Google one of the world's richest companies. But Google's lawyers are on a roll, defeating patent cases on the grounds that taking an abstract idea and adding a computer doesn't warrant patent protection.

No Escape for Banks in Credit Default Swap Antitrust Case

By David Bario |

Institutional investors represented by Quinn Emanuel and Pearson, Simon & Warshaw cleared a major hurdle on Thursday, when a judge refused to toss most of a multibillion-dollar class action targeting top international investment banks.

Airlines Knock Out Business Method Patent in East Texas

By Jan Wolfe |

Mayer Brown's Stephen Baskin represented five of the nine airlines named as defendants in the case: American Airlines, Delta Airlines, Frontier Airlines, United Airlines and US Airways.

Judges Smile on Vermont, Chide Nebraska in Patent Troll Cases

By Jan Wolfe |

When it comes to fighting the infamous patent troll MPHJ Technology Investments, Nebraska attorney general Jon Bruning must envy his counterpart in Vermont, Bill Sorrell.

Floyd Abrams.

Cahill Fends Off German Bank's Suit Against S&P

By Susan Beck |

Siding with Cahill's Floyd Abrams, a judge ruled that IKB Deutsche Industriebank waited too long to sue Standard & Poor's for the top ratings it bestowed on notes issued by an ill-fated investment vehicle.

Goldman Sachs CEO Lloyd Blankfein in 2010.

Two Ex-Goldman Sachs Employees Suffer Courtroom Defeats

By David Bario |

Armed with lawyers from Boies, Schiller & Flexner and O'Melveny & Myers, Goldman Sachs scored back-to-back victories on Wednesday against former employes who burned their bridges with the investment banking behemoth in spectacular ways.

U.S. District Judge Louis Stanton

Banks Beat FDIC Suit Over Mortgage-Backed Securities

By Jan Wolfe |

Adopting an argument that other courts have rejected, a federal judge in Manhattan ruled that the FDIC waited too long to sue Deutsche Bank, Royal Bank of Scotland, Credit Suisse and other banks that sold mortgage-backed securities.

Jay Lefkowitz (left) and Randy Mastro.

Gibson Dunn Exit Shakes Up New York Teacher Tenure Case

By Ross Todd |

After creating a playbook for overturning public teacher tenure rules on one coast, Gibson, Dunn & Crutcher has been sidelined on the other.

Goldman, JPMorgan Crush Aluminum Price-Fixing Claims

By Jan Wolfe |

The aluminum warehousing industry has been the target of critical media coverage and regulatory scrutiny. But thanks to defense lawyers from Latham, Sullivan & Cromwell and other firms, it's not turning out to be fertile ground for antitrust litigation.

Luis Aguilar

SEC Commissioner Luis Aguilar's Disturbing Dissent

By Susan Beck |

Luis Aguilar lashed out at his fellow SEC commissioners for the weak penalties they imposed on a former CFO. But the most disturbing part of his dissent was his accusation that the agency waters down the facts it releases to the public about cases it settles.

Peggy Zwisler of Latham & Watkins

Litigator of the Week: Margaret Zwisler of Latham & Watkins

By Jan Wolfe |

Reports of aluminum price-fixing by big investment banks and the London Metal Exchange sparked widespread outrage—and class action litigation. Zwisler led LME to an early victory this week, leaving the other defendants to face the plaintiffs on their own.

U.S. District Court Judge Denise Cote

Remaining Banks Hit Another Dead End in FHFA Case

By Jan Wolfe |

We've lost count of how many times the banks sued by the Federal Housing Finance Agency for selling shoddy mortgage-backed securities have had their defenses slapped down by U.S. District Judge Denise Cote.

PwC Can't Shake MF Global Malpractice Suit

By Ross Todd |

The administrator unwinding MF Global called on Kasowitz Benson to sue PricewaterhouseCoopers, claiming that the accounting firm's advice led MF Global to amass enormous exposure to European debt, contributing to more than $1 billion in losses.

U.S. Patent & Trademark Office.

Patent Troll MPHJ Faces Special PTO Review

By Lisa Shuchman |

Xerox, Ricoh and Lexmark asked for a review of two MPHJ Technology patents that cover a virtual copier technology described as "scan-to-email." MPHJ has sent thousands of demand letters to small companies, threatening to sue them for infringement if they don’t pay a licensing fee.

The American International Building, located in New York, NY.

Greenberg’s $25B Case Against U.S. Set for Trial

By Ross Todd |

Maurice Greenberg’s $25 billion lawsuit against the U.S. government over the bailout of AIG moved a step closer to trial this week. That trial, set to begin Sept. 29, would feature testimony from former top government officials, as well as some of Wall Street’s most prominent banking lawyers.

Robbins Geller Sanctioned for ‘Reckless’ Conduct

By Jan Wolfe |

The Boeing Company pursued the firm for bringing a botched securities fraud case based on the testimony of an unreliable confidential witness.

Latham Knocks Out Antitrust Case Against LME

By Jan Wolfe |

A daring and novel argument by Latham & Watkins persuaded a federal judge that the London Metal Exchange Ltd., a private for-profit entity, should get sovereign immunity.

Decade-Old Battle Over Stoli Trademark Continues

By Ross Todd |

With its plot twists and sheer length, the decade-old battle for the Stolichnaya vodka trademark is starting to resemble a Russian novel.

Kirkland Scores for BP in Long-Running Pollution Case

By Jan Wolfe |

BP plc and its lawyers Kirkland & Ellis have likely finished off a long-running class action alleging that the oil company should cover cleanup costs from a shuttered oil refinery in southeast Kansas.

Fidel Castro

Spanish Bank Can't Deflect Claims by Cuba Terror Victims

By Jan Wolfe |

After winning about $3.5 billion in default judgments against the Republic of Cuba, Fidel Castro's persecuted political opponents and their families have cleared a hurdle in their bid to seize funds from global banks including Spain's Banco Bilbao Vizcaya Argentaria (BBVA).

Shareholder Firms Clash Over Client Referrals

By Jan Wolfe |

Brower Piven and Harwood Feffer worked together to tee up plaintiffs for an investor class action that ultimately settled for $586 million. But the relationship has since soured, judging by a new contract battle between the firms.

FHFA Reaches $1.2 Billion Deal with Goldman

By Susan Beck |

This deal brings the FHFA’s recovery from major banks to more than $21 billion, reinforcing that the agency’s litigation crusade, begun in 2011 against 18 banks and led by Philippe Selendy of Quinn Emanuel Urquhart & Sullivan, has been a monumental success.

Starr’s Claims Against Chinese Company Survive Morrison

By Ross Todd |

Maurice Greenberg’s Starr Investments claimed it was fraudulently induced to buy stock in China MediaExpress, one of many Chinese companies to be listed on a U.S. stock exchange through a so-called reverse merger.

BP Squelches False Claims Act Suit Over Oil Platform

By Jan Wolfe |

"The genesis of this suit is a disgruntled layman's speculation about complex laws and engineering, abetted by ideologues," wrote a Houston federal judge about the purported whistleblower suit.

Stephen Neal

Litigator of the Week: Stephen Neal of Cooley

By Jan Wolfe |

When Roche tried to stake a claim to Gilead Sciences' blockbuster Hepatitis C drug, Gilead turned to Cooley to neutralize the threat.

Whistleblowers Stand Out in $16.65 Billion BofA Deal

By Susan Beck |

More than $1 billion of Thursday's megasettlement with Bank of America resolves claims first brought by private whistleblowers—including one case involving a two-time False Claims Act tipster who's married to one of "The Real Housewives of New Jersey."

Finnegan Beats Humira IP Licensing Claims for AbbVie

By Jan Wolfe |

A U.K. arthritis research trust overreached by demanding more patent royalties from drugmaker and longtime licensee AbbVie, an appeals court ruled on Thursday.

Banks Lose Last-Ditch Bid to Block NCUA Claims as Time-Barred

By Jan Wolfe |

The Tenth Circuit ruled once again that the National Credit Union Administration didn't wait too long to sue big banks that sold billions of dollars in ill-fated mortgage-backed securities to federally chartered credit unions.

Vivendi Takes Aim at Remains of $9.3B Shareholder Verdict

By Jan Wolfe |

The U.S. Supreme Court's decision in Morrison v. NAB already helped slash a rare securities class action jury verdict against Vivendi. Now the company's lawyers at Weil and Cravath are busy trying to bury what's left of the spoils.

Second Circuit Swats Down Fee Bid in Citi Say-on-Pay Case

By David Bario |

Barely 24 hours after hearing oral arguments, a federal appellate panel refused Wednesday to revive claims that plaintiffs lawyers deserve $6 million in fees for supposedly helping to oust former Citigroup CEO Vikram Pandit and another Citi exec two years ago.

McDermott Beats Back Drug Patent Challenge for Depomed

By Jan Wolfe |

The ruling, which Depomed said would extend its monopoly on the pain drug Gralise for a decade, is a huge relief for the small pharma company and its investors.

U.S. District Judge Lewis Kaplan

Judge Kaplan Blasts Plaintiffs in Irish Bank Case

By Jan Wolfe |

Motions for reconsideration are always a long shot. But they don't usually backfire as dramatically as they did Tuesday in a decision by U.S. District Judge Lewis Kaplan in Manhattan.

Pedestrians pass the entrance to Standard Chartered Plc's headquarters in London, U.K., on Tuesday, Aug. 14, 2012. Standard Chartered Plc rose as much as 5.1 percent in London after the bank settled a money-laundering probe for $340 million the day before it was due to appear at a hearing to defend its right to operate in New York. Photographer: Simon Dawson/Bloomberg

Lawsky Strikes Again With $300M Standard Chartered Fine

By David Bario |

It's not odd for regulators to demand independent monitors for companies caught breaking the rules. But it's rare to learn that a monitor found even more failures—starting the cycle of payment, official contrition and monitoring all over again.

Fraud Suit Over Twitter IPO Fizzles at Second Circuit

By Jan Wolfe |

Lawyers at Simpson Thacher made quick work of a $124 million lawsuit alleging that Twitter duped two investment advisers into propping up demand for its shares ahead of the company's initial public offering.

Pfizer World Headquarters in New York City.

Alabama Court Bucks Trend, Says Generic Patient Can Sue Pfizer

By Jan Wolfe |

The tort theory of "innovator liability"—the notion that brand-name drug companies can be held liable for inadequate warnings on other manufacturers' generic versions of their drugs—has been widely panned on appeal. But innovator liability isn't dead yet.

N.Y. Superintendent of Financial Services Benjamin Lawsky

Spotlight Falls on Sullivan & Cromwell in PwC Settlement

By Susan Beck |

For the second time this summer, a major law firm has come under scrutiny for its questionable role advising a bank on transactions with sanctioned countries.

Sheikh Ahmed Yassin.

The Global Lawyer: Hamas on Trial

By Michael D. Goldhaber |

As Israeli-Palestinian violence swirls anew, a jury judges the terror crimes of old.

The U.S. Court of Appeals for the Second Circuit in Manhattan.

S&C Prevails Again for Porsche in Battle With Hedge Funds

By Ross Todd |

Echoing a 2012 ruling by a state appeals court, the Second Circuit agreed with Porsche's lawyers at Sullivan & Cromwell that billions of dollars in claims against the German automaker don't belong in the United States.

Oracle, Redwood Shores, Calif.

Oracle Scores in Rimini Street Copyright Row

By Jan Wolfe |

A ruling by a federal judge in Nevada chips away at the obstacles confronting Oracle and its lawyers at Bingham McCutchen and Boies, Schiller & Flexner as they inch toward a long-awaited trial.

Defense lawyers Brett Ingerman, Shand Stephens and Anthony Coles of DLA Piper, left, walk into Brooklyn federal court Aug. 14 for opening arguments in <em>Linde v. Arab Bank</em>. Gary Olsen, right, is representing the victims of two dozen Hamas attacks and their families.

The Terror Docket

With trial in Linde v. Arab Bank now underway in Brooklyn, see our roundup of the other key Anti-Terrorism Act cases unfolding in U.S. courts.

U.S. Supreme Court.

FCPA Targets Ask Supreme Court to Define 'Foreign Official'

By Jan Wolfe |

With their clients facing a combined 22 years in prison, lawyers at Perkins Coie and Foley & Lardner are urging the U.S. Supreme to shed light on what it means to bribe a foreign official in violation of the Foreign Corrupt Practices Act.

Michael Hausfeld

Litigators of the Week: Michael Hausfeld of Hausfeld LLP and William Isaacson of Boies, Schiller & Flexner

By Jan Wolfe |

Hausfeld and Isaacson's landmark win in O'Bannon v. NCAA promises to transform the business of college sports—and the fate of the student athletes who play them.

Second Circuit Sides With Siemens in FCPA Whistleblower Case

By Susan Beck |

The ruling is a victory for Siemens and its lawyers at Kirkland. But it's a disappointment for those who hoped the court would clarify whether Dodd-Frank protects employees who are fired after blowing the whistle internally but before alerting the SEC.

U.S. District Judge Alison Nathan

Willkie Preserves Copyright Win for Haitian Photographer

By Jan Wolfe |

The ruling is the latest in a string of victories for photojournalist Daniel Morel and his lead trial lawyer, Joseph Baio of Willkie Farr & Gallagher, who may soon be financially rewarded for a case he's called a labor of love.

Bernie Madoff

Judge Trims Madoff Trustee's Suit Against Merkin Funds

By Jan Wolfe |

Irving Picard of Baker & Hostetler, the liquidation trustee for Bernie Madoff's fraud-soaked investment firm, suffered a second setback this week in his bankruptcy court fight with J. Ezra Merkin and the Madoff feeder funds he managed.

The Global Lawyer: Cleary's Litigation Slump

By Michael D. Goldhaber |

In the past six months Cleary Gottlieb Steen & Hamilton litigators have lost a string of historic cases. Powerful entities routinely ask Cleary to push the envelope in international law. Lately it hasn't worked out well.

Judge Nixes Facebook Fee Bid in Rembrandt Patent Fight

By Jan Wolfe |

Facebook Inc. and its lawyers at Cooley have lost their bid to recover attorney fees from Rembrandt Social Media, the nonpracticing entity they slayed at trial in June.

Las Vegas Judge Sides With NML in Argentine Bonds Spat

By Ross Todd |

The hedge fund NML and its lawyers at Dechert won a discovery ruling in Las Vegas that could help the company collect a small fraction of the $1.7 billion they're demanding from Argentina.

Google, Law Profs Join Battle Over $1.5B Marvell Verdict

By Jan Wolfe |

A group of major tech companies and academics have thrown their weight behind Marvell Semiconductor's bid to reverse a $1.54 billion trial loss to Carnegie Mellon University, arguing that the verdict was based on a dangerous ruling applying U.S. patent law to overseas commerce.