Top News

  • October 24, 2014

    Fannie Mae Pays $170M To Clear Investors' Subprime Suit

    Fannie Mae has agreed to pay $170 million to shareholders to settle a consolidated class action alleging the federal mortgage giant misrepresented its exposure to subprime loans in the runup to the 2008 mortgage crisis, according to documents filed in New York federal court Friday.

  • October 24, 2014

    FCC Wades Into Data Security With $10M Privacy Breach Fine

    The Federal Communications Commission jumped into the field of data security regulation for the first time Friday, hitting a pair of telecommunications companies with a $10 million fine for allegedly failing to adequately safeguard customers' sensitive personal information. 

  • October 24, 2014

    Shire Looks To Sink $1.5B AbbVie Termination Fee Into M&A

    London-based Shire PLC's CEO said in a Friday conference call that the pharmaceutical giant has "significant firepower" and will look to boost its acquisitions, as it rides the windfall of a $1.6 billion termination fee from its canceled $52 billion merger with AbbVie, along with solid quarterly profits. 

  • October 24, 2014

    Jury Awards Costco $37M In LCD Price-Fixing Trial

    A Washington federal jury on Thursday awarded Costco Wholesale Corp. about $37 million after finding that AU Optronics Corp. and dozens of other electronics companies fixed the price of liquid crystal display panels, tasking just six LCD makers with footing the damages bill.

  • October 24, 2014

    P&G Joins Spinoff Frenzy With Plans To Split From Duracell

    The Procter & Gamble Co. on Friday became the latest household-name company to split from a big-ticket asset when it outlined plans to exit its Duracell battery business, potentially through a spinoff that would create a new publicly traded company.

  • October 24, 2014

    Chiquita Investors Vote Down Fyffes Inversion

    Shareholders in Chiquita Brands International Inc. on Friday voted down the banana giant's plans for a $500 million-plus merger with Ireland's Fyffes PLC, dealing a death blow to the ballyhooed tax inversion one day after a pair of Brazilian bidders surfaced with a heftier offer.

  • October 23, 2014

    Apple May Not Be Done With GTAT After It Clears Ch. 11

    Apple Inc. said Thursday that a now-finalized settlement with bankrupt GT Advanced Technologies Inc. could pave the way for the two to resume doing business once GT exits the sapphire production business responsible for its abrupt collapse.

  • October 23, 2014

    Rengan Rajaratnam Settles SEC's Insider Trading Claims

    Rengan Rajaratnam has agreed to pay more than $840,000 and accept a securities industry bar to resolve the U.S. Securities and Exchange Commission's civil insider trading case, three months after the former Galleon Group LLC manager was acquitted of a related criminal charge, according to court papers filed Thursday.

  • October 23, 2014

    Aereo Can't Use Compulsory License, Judge Says

    Aereo Inc., the upstart online streaming service that was shuttered by the U.S. Supreme Court in June, lost its bid Thursday to continue operating by using the compulsory copyright license available to cable providers.

  • October 23, 2014

    Jury Clears J&J In 1st Bellwether Over Pinnacle Hip Implant

    A Texas federal jury on Thursday unanimously cleared Johnson & Johnson's DePuy Orthopedics Inc. unit of accusations it manufactured a dangerous and defective metal-on-metal hip implant, in a bellwether trial in multidistrict litigation over the company's Pinnacle device.

  • October 23, 2014

    7th Circ. Won't Resurrect Redbox Video Privacy Class Action

    The Seventh Circuit on Thursday refused to revive a proposed class action accusing Redbox Automated Retail LLC of illegally disclosing consumers' personally identifiable information to a customer service contractor, ruling the data sharing was necessary for the contractor to perform its duties.

  • October 23, 2014

    Brazilian Bidders Again Boost Chiquita Bid As Vote Nears

    The Brazilian suitors seeking to upend a $500 million-plus inversion between Chiquita Brands International Inc. and Ireland's Fyffes PLC again sweetened their own all-cash takeover offer for Chiquita on Thursday, a last-ditch effort to win shareholders' support before a Friday vote.

  • October 22, 2014

    DaVita Finalizes $400M Settlement Over Kickback Claims

    Dialysis giant DaVita HealthCare Partners Inc. has finalized a record deal in which it will pay more than $400 million and unwind 11 joint ventures to resolve claims by a whistleblower that it provided kickbacks to kidney doctors, Phillips & Cohen LLP, which brought the suit, said Wednesday.

  • October 22, 2014

    Jury Clears Apple In $94M Patent Suit Over IPhones, IPads

    Apple Inc. triumphed in GPNE Corp.'s $94 million patent trial Wednesday when a California federal jury unanimously found that the tech titan's iPhones and iPads didn't infringe two data-communications patents, though Apple failed to convince jurors that those patents are invalid.

  • October 22, 2014

    Fifth Street Pulls Plug On IPO Amid Market Volatility

    Fifth Street Asset Management Inc. called off its plans Wednesday to raise nearly $240 million in an initial public offering, citing bumpy market conditions and continued volatility for new issuers.

  • October 22, 2014

    BGC Partners Goes Hostile With $675M Bid for GFI Group

    BGC Partners Inc. said Wednesday it has launched a $675 million hostile takeover bid on for rival brokerage and trade services provider GFI Group Inc. after talks between the companies failed to result in a deal.

  • October 22, 2014

    Mylan Signals $5.3B Abbott Inversion On Track After Tweaks

    Mylan Inc. and Abbott Laboratories said Wednesday that new limitations imposed by the Obama administration on tax-motivated M&A wouldn't derail their planned $5.3 billion inversion deal, though they did modify the terms of the transaction.

  • October 22, 2014

    Blackwater Guards Found Guilty In Iraq Shooting Case

    Three former Blackwater Worldwide security guards were convicted Wednesday of manslaughter, attempted manslaughter and weapons charges while a fourth colleague was found guilty of first-degree murder stemming from their involvement in a September 2007 shooting that left 14 dead in a Baghdad traffic circle.

  • October 22, 2014

    2nd Circ. Affirms Ex-Mayer Brown Partner's Refco Fraud Rap

    The Second Circuit on Wednesday upheld the conviction and one-year sentence of former Mayer Brown LLP partner Joseph Collins, who was charged with aiding client Refco Inc.’s $1 billion accounting fraud.

  • October 21, 2014

    Apple Slams GPNE's 'Extreme' $94M Patent Bid

    Apple Inc. bashed GPNE Corp.’s $94 million damages demand as “extreme” and “unreasonable” Tuesday during closing arguments in GPNE’s trial accusing Apple of selling millions of iPhones and iPads that infringe two data-communications patents, telling a California federal jury that Apple should pay nothing.

Expert Analysis

  • 6 Tips For Creating Effective Trial Graphics

    Aaron Stienstra

    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)

  • Takeaways From United Technologies' $75M Settlement

    Jeffrey Gerrish

    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.

  • Understanding Mayo V. Prometheus

    William Merkel

    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.

  • Radlax — 'An Easy Case'

    Douglas Spelfogel

    “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)

  • The Latest Attempt At Criminalizing 'Robo-Signing'

    Ralph Mazzeo

    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.

  • How The 2nd Circ. Aleynikov Opinion Went Awry

    Mark Krotoski

    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.

  • PPACA Victory Sets Stage For New Wave Of Litigation

    Howard Shapiro

    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.

  • Did The Court Get The Oracle Analysis Right?

    David Makman

    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.

  • Facing CFIUS: Better Safe Than Sorry

    George Wang

    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.

  • A Closer Look At ING's $619M Settlement

    Ed Krauland

    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.