Chesapeake Energy Corp. will pay $25 million to settle allegations that it conspired to rig bids for publicly held Michigan oil and gas leases, state officials said Friday, while federal authorities are investigating Chesapeake’s ex-CEO for possible antitrust violations.
Incoming U.S. Attorney General Loretta Lynch is unlikely to make radical changes to the Justice Department's focus on issues such as cyber- and financial crime, but her strong relationship-building skills could still help mend a rift between Congress and the DOJ, former colleagues say.
Wal-Mart Stores Inc., JCPenney Corp. Inc. and The Children’s Place Inc. were hit with a proposed class action on Thursday in Washington, D.C., federal court alleging that they were partially responsible for a Bangladesh clothing factory collapse two years ago that killed more than 1,000 workers.
Cleaning solution supplier Roanoke Companies Group Inc. has been awarded nearly $30 million after an arbitrator found it shouldered a disproportionate share of the liability in multidistrict litigation over illnesses and deaths caused by a grout sealing spray it sold to Home Depot Inc.
An inventor sued the government Friday over the U.S. Patent and Trademark Office's controversial and recently shuttered “sensitive” patent applications program, which he says delayed patent applications and saddled filers with excessive costs, in a proposed class action in the Court of Federal Claims.
The estate of late NFL player Dave Duerson intends to appeal the league’s settlement approved Wednesday over concerns that it doesn’t adequately address chronic traumatic encephalopathy, a degenerative neurological disease linked to repeated blows to the head, according to the estate’s attorney.
Philip Morris USA Inc. persuaded a Florida federal judge to vacate a $20 million punitive damages award for a longtime smoker Thursday in an Engle progeny case when the judge found that the plaintiff had not shown enough evidence that the company's fraudulent marketing tactics influenced her smoking choices.
A former Munger Tolles & Olson LLP paralegal sued the firm in Los Angeles Superior Court on Thursday, alleging that a litigation associate imposed a grueling work schedule with little time for sleep and that she was fired soon after complaining to a Munger Tolles partner.
The D.C. Circuit on Friday tossed several challenges to federal rules for greenhouse gas emissions from cars and trucks, saying none of the myriad of groups behind the attack have shown an interest or injury that would give them standing.
The Patent Trial and Appeal Board on Friday ruled that a web-related business method patent that patent aggregator Intellectual Ventures Management LLC asserted against Bank of America NA and PNC Bank NA was invalid under the high court’s Alice standard on abstract inventions.
The U.S. Senate Judiciary Committee on Wednesday voted to advance the nomination of a Finnegan Henderson Farabow Garrett & Dunner LLP patent litigation partner to fill a Federal Circuit seat that has been vacant since the departure of former Judge Randall Rader.
Comcast Corp. has pulled its hotly contested $45 billion proposal to acquire Time Warner Cable Inc. off the table, Comcast said Friday, due to intense regulatory and public scrutiny leading the cable giant to believe a deal was simply not in the stars.
Manhattan prosecutors bolstered their corruption suit against former New York State Assembly Speaker Sheldon Silver, saying Thursday that he shuffled more than $4 million in allegedly ill-gotten gains from Weitz & Luxenberg PC and a real estate tax firm between investment accounts.
Deutsche Bank AG on Thursday agreed to a deferred prosecution agreement, an independent monitor and a $2.5 billion penalty to resolve U.S. and U.K. authorities' claims that its traders manipulated the London Interbank Offered Rate. Law360 looks at three takeaways from Deutsche Bank's settlement.
A former mutual fund portfolio manager was sentenced to time served Thursday after re-entering his insider trading guilty plea to meet the tougher legal standard established by the Second Circuit’s U.S. v. Newman decision.
A North Carolina federal judge on Thursday sentenced former CIA Director David H. Petraeus to serve two years of probation and pay a $100,000 fine for giving classified material to his mistress and biographer.
The Second Circuit on Thursday revived certain portions of a putative class action brought by investors who allege a group of managers, consultants, advisers, auditors and administrators mismanaged the funds they fed into Bernie Madoff's Ponzi scheme.
The U.S. Senate on Thursday confirmed Loretta Lynch as the new U.S. attorney general, replacing the outgoing Eric Holder and ending the longest wait on a confirmation vote of an attorney general nominee in recent history.
The U.S. House of Representatives approved a second bill Thursday that would provide liability protections to companies that voluntarily share cyberattack information and cyberthreat indicators with each other and the federal government through a portal maintained by the U.S. Department of Homeland Security.
Deutsche Bank AG on Thursday agreed to pay $2.5 billion and entered into a deferred prosecution agreement to settle claims with U.S. and U.K. regulators that its traders helped rig the London Interbank Offered Rate and other key benchmarks.
These days, jurors and judges are so accustomed to seeing graphics — on the street, on the Web, on their smartphones — that they expect to see something good in the courtroom. The best graphics are composed of consequential information, clearly displayed, with emphasis on what matters most, paired with artwork that adds meaning. This simultaneously compels people to think, feel and make decisions, says Aaron Stienstra, design direc... (continued)
United Technologies Corporation's global settlement with the U.S. Departments of State and Justice underscores the importance of a robust compliance program to prevent, detect and remediate any violations of export control laws or regulations — especially if products and services are destined for China, say Jeffrey Gerrish and Soo-Mi Rhee of Skadden Arps Slate Meagher & Flom LLP.
Following the U.S. Supreme Court's treatment of the machine-or-transformation test in Mayo Collaborative Services Inc. v. Prometheus Laboratories Inc., the test — previously thought to be the governing test for patent eligibility under § 101 — no longer appears to occupy such a prominent role in patent-eligibility jurisprudence, says William Merkel of Marshall Gerstein & Borun LLP.
“This is an easy case,” Justice Antonin Scalia wrote in his opinion in Radlax Gateway Hotel LLC v. Amalgamated Bank, settling the issue of whether the Bankruptcy Code grants the secured creditor a right to credit bid in an auction sale under a plan. But interestingly, the opinion barely mentions the infamous Philadelphia News decision from the Third Circuit which was effectively overruled by the U.S. Supreme Court, say attorneys wi... (continued)
While the New York state Senate did not act on the Foreclosure Fraud Prevention Act of 2012 before adjourning its regular session — and as a result there is little chance the bill will be enacted this year — the bill represents the latest attempt by state governments to impose criminal liability on fraudulent foreclosure practices by mortgage servicers or their employees, say attorneys with Dechert LLP.
In United States v. Aleynikov, the Second Circuit recently created an unfortunate cloud over the scope of the federal trade secret statute. The decision detracts from the primary legislative objectives to promote and protect national economic security and punish individuals who misappropriate intellectual property in the form of trade secrets, say Mark Krotoski and Richard Scott of the U.S. Department of Justice.
Although the Patient Protection and Affordable Care Act and its coverage mandates have been upheld, the lack of regulatory guidance for many key areas of the statute creates uncertainty regarding implementation and enforcement. No matter how employers and plan fiduciaries approach the various coverage mandates, it is clear that the future is not without risk of litigation, say attorneys with Proskauer Rose LLP.
The Northern District of California's opinion in Oracle America Inc. v. Google Inc. is suprising given that there was direct copying and that the threshold of originality required for a work to qualify as copyrightable has traditionally been so low that the application programming interfaces almost certainly qualified as sufficiently original to be protected by copyright, says David Makman of the Law Offices of David A. Makman.
The Committee on Foreign Investment in the United States recently blocked yet another acquisition involving Chinese investors. Any foreign companies looking to invest in the U.S. should be wary of the scrutiny they may confront, and determine whether CFIUS review is likely, say George Wang and Yelena Kotlarsky of Haynes and Boone LLP.
ING Bank NV's $619 million fine to settle criminal charges is the largest ever against a financial institution in connection with an investigation into U.S. sanctions violations and related offenses. The enforcement action is also notable in several other respects, say attorneys with Steptoe & Johnson LLP.