A New York federal court on Friday approved a deal in which a whistleblower will get $63.9 million for tips leading to a False Claims Act settlement in which JPMorgan Chase & Co. agreed to pay $614 million over allegations it defrauded the U.S. government into insuring flawed home loans
A New York federal judge on Friday refused to dismiss an indictment against Paul Ceglia, who is charged with falsely alleging that Facebook founder Mark Zuckerberg contractually owes him a 50 percent stake in the social media giant.
A key architect of the Affordable Care Act’s health insurance marketplaces will voluntarily leave his government post at month’s end when the inaugural open enrollment period comes to a close, the Obama administration said on Wednesday.
Three former top executives at Dewey & LeBoeuf LLP, including Chairman Steven Davis, were indicted Thursday in New York state court on charges they misled lenders, other lawyers and investors about the firm's financial health before it spiraled into bankruptcy.
The U.S. Supreme Court justices Wednesday appeared open to a compromise during oral arguments on Halliburton Co.’s highly anticipated bid to overturn the fraud-on-the-market theory, with their questions suggesting a reluctance to toss the 25-year-old statute outright but signaling a willingness to make some changes.
The U.S. Supreme Court on Wednesday reinstated BG Group PLC's $185 million arbitration award over an investment in now-bankrupt Argentine gas distributor MetroGas SA, saying arbitrators, not courts, should primarily interpret and apply a bilateral investment treaty's local litigation requirement to an underlying dispute.
Fairchild Semiconductor Inc. must pay $105 million in damages for infringing two of Power Integrations Inc.'s patents on energy-efficient power supplies and chargers used with many modern electronics, a California federal jury found Tuesday to end a three-week trial between the high-tech rivals.
A Dallas jury on Tuesday found Enterprise Products Partners LP liable for more than $319 million in damages for its breach of a partnership agreement with Energy Transfer Partners LP to build a crude oil pipeline when it teamed up with a rival instead to build a similar line.
The Sarbanes-Oxley Act's whistleblower protections cover contractors and subcontractors of publicly traded companies, the U.S. Supreme Court ruled Tuesday, taking a broad view of the 2002 statute's anti-relation provisions and reviving two former employees' claims against Fidelity Investments in the high court's first-ever SOX whistleblower case.
A New York federal judge on Tuesday declared an unprecedented $9.5 billion Amazon pollution judgment against Chevron Corp. to be the product of an "egregious fraud" by attorney Steven Donziger and his Ecuadorean clients and prohibited enforcement of the award in the U.S.
The U.S. Supreme Court agreed Monday to hear a staffing company's challenge to a ruling reviving a putative Fair Labor Standards Act collective action brought by former workers at Amazon.com Inc. warehouses, teeing up the question of whether time employees spend in security screenings is compensable.
Citigroup Inc. and its Mexico subsidiary have received grand jury subpoenas from federal prosecutors and the Federal Deposit Insurance Corp. over bank secrecy and anti-money laundering compliance issues, the bank revealed on Monday.
The U.S. Supreme Court on Monday agreed to review a Sixth Circuit decision reviving a proposed class action claiming Omnicare Inc. artificially inflated its stock price by concealing a kickback scheme, in a case concerning the liability of corporate executives who express opinions to company investors that turn out to be false.
A German court tossed IPCom GmbH & Co. KG's €1.6 billion ($2.15 billion) suit against Apple Inc. alleging the iPhone infringed a wireless network access patent belonging to the patent-holding company, IPCom confirmed Friday.
After a week of public speculation over its solvency, Japan-based bitcoin exchange Mt. Gox filed for bankruptcy in Tokyo court Friday, while U.S. investors sued it over an alleged “massive scheme” to defraud customers and hide the fact that their bitcoins had been stolen.
A Florida federal judge on Friday gave his final blessing to JP Morgan Chase NA and Assurant Inc.'s $300 million settlement of a class action accusing them of overcharging homeowners for force-placed policies to fund kickbacks, calling the deal a major success for plaintiffs.
Powertech Technology Inc. has agreed to settle its breach of contract and semiconductor chip patent infringement suits against Tessera Inc. for $196 million, the companies announced Thursday, a month after a California federal judge ruled Powertech improperly terminated its licensing agreement with Tessera.
The Obama administration and the U.S. Food and Drug Administration on Thursday unveiled the first planned overhaul of nutrition labels in roughly two decades to require food companies to reveal more precise information about serving sizes and ingredients tied to serious illnesses, including calorie counts and sugar content.
Investors victimized by Robert Allen Stanford's $7 billion Ponzi scheme may sue Proskauer Rose LLP, Chadbourne & Parke LLP and others for allegedly aiding the fraud, the U.S. Supreme Court ruled Wednesday, finding that state law claims weren’t precluded by federal law.
Morgan Stanley has reached a tentative $275 million settlement to resolve a U.S. Securities and Exchange Commission investigation into its mortgage-backed securities deals during the financial crisis, the bank said on Tuesday.
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 director at The Focal Point LLC.
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 with Foley & Lardner LLP.
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.