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.
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.
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.
The Boeing Company pursued the firm for bringing a botched securities fraud case based on the testimony of an unreliable confidential witness.
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.
With its plot twists and sheer length, the decade-old battle for the Stolichnaya vodka trademark is starting to resemble a Russian novel.
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.
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).
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.
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.
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.
"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.
When Roche tried to stake a claim to Gilead Sciences' blockbuster Hepatitis C drug, Gilead turned to Cooley to neutralize the threat.
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."
A U.K. arthritis research trust overreached by demanding more patent royalties from drugmaker and longtime licensee AbbVie, an appeals court ruled on Thursday.
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.
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.
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.
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.
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.
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.
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.
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.
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.
As Israeli-Palestinian violence swirls anew, a jury judges the terror crimes of old.
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.
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.
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.
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.
Litigators of the Week: Michael Hausfeld of Hausfeld LLP and William Isaacson of Boies, Schiller & FlexnerBy 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.
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.
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.
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.
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.
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.
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.
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.
A federal judge in San Diego ruled that that a do-over is needed in ViaSat's case against Space Systems/Loral in order "to prevent a miscarriage of justice."
Vermont can proceed with its lawsuit against the much-maligned patent holder MPHJ Technology in state court, the Federal Circuit ruled Monday, handing a victory to state AG William Sorrell and to other states that have passed consumer protection laws to thwart patent trolls.
The patent licensing company VirnetX got a boost on Friday in its latest fight with Apple, persuading a federal judge in East Texas that Apple can't revive defenses from an earlier case that culminated in a $368 million verdict for VirnetX.
Major League Baseball, the National Hockey League and cable broadcasters are stuck fighting claims that they schemed to shield regional sports networks from competition for live game broadcasts.
Irving Picard, the trustee tasked with unwinding Bernie Madoff's investment firm, has hit another wall in his efforts to block two big-dollar settlements with companies that once funneled cash into Madoff's Ponzi fraud.
The first-ever U.S. terrorism financing trial represents a big challenge for defense lawyers at DLA Piper, and a historic opportunity for the unusual alliance of plaintiffs attorneys behind the case.
Mid-Atlantic Sports Network, a broadcaster mostly controlled by the Baltimore Orioles, has bought itself an extra inning in its bid to undo an arbitration panel's decision that it owes about $80 million in telecast licensing revenue to the Washington Nationals.
In his first and only forays into whistleblower litigation, Wasinger helped the government win nearly $2 billion from Wall Street—including a $1.27 billion ruling against Bank of America that came at precisely the wrong time for the bank.
Shareholders have now inked deals worth $475.5 million with private equity firms accused of scheming to drive down the value of major leveraged buyout deals. But Carlyle Group and its lawyers at Latham have shown no signs of surrender ahead of a looming trial this fall.
Judge Jed Rakoff may have thought Citigroup's $285 million settlement with the SEC amounted to little more than a slap on the wrist. But at least the SEC recovered something from Citi, which is more than we can say for South Korea's Woori Bank and its lawyers at Hausfeld.
More than four years after Webvention LLC began peppering hundreds of companies with licensing demands for allegedly infringing its sole patent, the prolific and controversial nonpracticing entity may have finally reached the end of the line.
With help from Boies Schiller, the Explorers Club in New York won a highly unusual court order blocking the international liquor giant Diageo from selling a line of whiskeys called the Johnnie Walker Explorers' Club Collection.
The Second Circuit on Tuesday affirmed a big victory for Barclays and its lawyers at Boies, Schiller & Flexner in long-simmering litigation over the collapse of Lehman Brothers, ruling that Barclays is entitled to billions in disputed Lehman assets.
U.S. District Judge Jed Rakoff didn't give up without signaling that the Second Circuit made a terrible error in forcing him to approve the SEC's settlement with Citigroup over a doomed-to-fail investment.
After Halliburton lost its bid to upend the securities litigation landscape at the U.S. Supreme Court, AIG and its lawyers at Weil, Gotshal & Manges opted to cut their losses in an investor class action stemming from the financial crisis.
Likening the estate of Sir Arthur Conan Doyle to a shakedown artist, Judge Richard Posner of the U.S. Court of Appeals for the Seventh Circuit has once again ruled for a California lawyer who tussled with the estate over copyright licensing fees.
State-sponsored France Brevets and its lawyers at McKool Smith won a fight over their preferred U.S. battleground, persuading a judge to keep a patent infringement suit against HTC and LG Electronics in the plaintiffs-friendly Eastern District of Texas.
After nearly a decade of mass tort litigation in New Jersey, Roche's lawyers won a ruling on Monday that could help the company stamp out claims that it failed to warn the public about side effects associated with its acne treatment Accutane.
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 which investors are 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 agreed.
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.