http://www.law360.com/ Latest articles for organization: Hughes Hubbard & Reed Copyright 2009 Portfolio Media, Inc. en-US http://www.law360.com/images/headings/logo.gif http://www.law360.com/ http://www.law360.com/articles/134820 Crystal device maker Statek Corp. has appealed a bankruptcy judge's ruling disallowing its $85 million claim against Coudert Brothers LLP stemming from allegations that the defunct law firm breached its fiduciary duty in failing to uncover the fraudulent activities of two individuals who looted Statek in the 1990s. http://www.law360.com/articles/134820 http://www.law360.com/articles/134578 The bankruptcy estate of Lehman Brothers Holdings Inc. has sued Barclays Capital Inc., claiming the investment division of Barclays Bank PLC improperly reaped a $5 billion windfall in breach of their asset purchase contract when it hurriedly scooped up Lehman assets last fall. http://www.law360.com/articles/134578 http://www.law360.com/articles/133854 Lehman Brothers Inc. has returned more than $110 billion to customers of the failed bank over the past six months as part of “the largest and most complex stockbroker liquidation ever attempted,” according to the trustee supervising the distribution. http://www.law360.com/articles/133854 http://www.law360.com/articles/133502 A federal jury has found two former Bear Stearns Cos. Inc. hedge fund managers not guilty of defrauding investors in the failed funds, setting a daunting example for prosecutors in one of the earliest criminal cases stemming from the subprime mortgage meltdown. http://www.law360.com/articles/133502 http://www.law360.com/articles/128980 Executives who negotiated Barclays PLC's purchase of Lehman Brothers Holdings Inc.'s U.S. brokerage arm agreed in advance that Barclays would get a $5 billion discount, and some Lehman executives who moved to Barclays got large undisclosed bonuses, according to newly unsealed motions in the Lehman bankruptcy. http://www.law360.com/articles/128980 http://www.law360.com/articles/128072 As jury selection began Tuesday for the trial of two former Bear Stearns Cos. Inc. hedge fund managers accused of concealing the condition of their funds from investors on the eve of the bank's collapse, the judge overseeing the case rejected two potential jurors who wrote comments critical of Wall Street. http://www.law360.com/articles/128072 http://www.law360.com/articles/124695 China is by far the largest and most important U.S. trading partner to be designated a nonmarket economy by the U.S. Department of Commerce, but despite pleas from Chinese officials that the U.S. reconsider that designation, lawyers say China is likely to remain a nonmarket economy in American eyes for quite some time. http://www.law360.com/articles/124695 http://www.law360.com/articles/125652 A federal judge has refused to dismiss contract and fraud claims in Bank of America NA's lawsuit against a unit of Bear Stearns Cos. — now owned by JPMorgan Chase & Co. — in which two former hedge fund managers and a third individual are accused of deceiving BofA into entering into a costly, failed transaction. http://www.law360.com/articles/125652 http://www.law360.com/articles/122176 Two major sets of challenges for multinational companies right now are the U.S. regulations on intangibles — such as technology, services and people — and the universe of market access restrictions, says F. Amanda DeBusk, chair of Hughes Hubbard & Reed LLP's international trade department. http://www.law360.com/articles/122176 http://www.law360.com/articles/124366 The former Miller Brewing Co. has settled a breach of contract suit brought against a raft of insurers over their alleged failure to defend and indemnify Miller in several bodily injury and wrongful death class actions accusing the beverage maker of marketing alcoholic products to underage consumers. http://www.law360.com/articles/124366 http://www.law360.com/articles/121898 The judge in charge of the first trial over Merck & Co. Inc.'s osteoporosis drug Fosamax declared a mistrial Friday after the jury told the court it was hopelessly deadlocked and could not reach a unanimous verdict. http://www.law360.com/articles/121898 http://www.law360.com/articles/121418 The federal judge overseeing a bellwether Fosamax trial is giving jurors a chance to simmer down, as tensions run high in their debate over whether Merck & Co. should be held responsible for the jaw deterioration of a woman who took the osteoporosis drug for years. http://www.law360.com/articles/121418 http://www.law360.com/articles/119946 Pharmaceutical giant Merck & Co. Inc. has asked a federal judge to dismiss the remaining claims in a product liability and personal injury case over its osteoporosis drug Fosamax, while the consumer who claims that Fosamax caused her to develop a degenerative bone disease has moved for partial judgment on several of Merck's affirmative defenses. http://www.law360.com/articles/119946 http://www.law360.com/articles/118170 Hughes Hubbard & Reed LLP has lured a veteran bankruptcy attorney who spent the last 23 years with Gibson Dunn & Crutcher LLP into the ranks of its corporate reorganization practice, which has doubled in size over the past year, bringing the practice group's head count to 25 attorneys. http://www.law360.com/articles/118170 http://www.law360.com/articles/117568 A judge has denied pharmaceutical giant Merck & Co.'s request to toss out the testimony of a doctor who says osteoporosis drug Fosamax caused the plaintiff of a bellwether product liability trial to develop a degenerative bone disease. http://www.law360.com/articles/117568 http://www.law360.com/articles/117347 Pharmaceutical giant Merck & Co. Inc. has asked a judge to exclude the testimony of the doctor who said his patient, the plaintiff in a bellwether case alleging harmful drug side effects, developed a degenerative bone disease from the osteoporosis drug Fosamax. http://www.law360.com/articles/117347 http://www.law360.com/articles/116600 A number of progressive firms have already moved forward beyond instituting technology solutions and centralized staff, and have gone as far as creating electronic discovery practice groups to consult, oversee and manage cases requiring discovery, says Nicholas Croce of software provider Inference Data LLC. http://www.law360.com/articles/116600 http://www.law360.com/articles/116649 A federal judge has allowed German solar power company Conergy AG to proceed with federal antitrust and breach of contract claims against MEMC Electronic Materials Inc., the supplier of its solar wafers. http://www.law360.com/articles/116649 http://www.law360.com/articles/115079 A federal judge has granted class certification to investors who are suing Lehman Brothers Holdings Inc., Morgan Stanley and Goldman Sachs Group Inc. for allegedly fraudulently issuing misleading analyst reports that artificially inflated the stock price of a communications company. http://www.law360.com/articles/115079 http://www.law360.com/articles/112255 PricewaterhouseCoopers International Ltd. has won court approval to pay out roughly $23 million to settle allegations that the auditor facilitated a billion-dollar fraud perpetrated by hedge fund Lancer Management Group. http://www.law360.com/articles/112255