A New York state judge on Wednesday ordered PricewaterhouseCoopers LLP to comply with a state attorney general subpoena seeking documents related to an investigation into whether Exxon Mobil Corp. lied to investors about climate-change-related risks to its business.
Bondholders suing major banks for allegedly conspiring to manipulate the London Interbank Offered Rate told a Manhattan federal judge on Wednesday that they have settled with UBS AG and Barclays Bank PLC.
The Second Circuit quickly punted the bail motion of a New York woman convicted in the Agape World Inc. Ponzi scheme run by a man dubbed the "mini-Madoff," saying only hours after the motion was heard on Tuesday that the matter should first be considered in the district court.
A Florida jury slammed R.J. Reynolds Tobacco Co. with $20 million in punitive damages Tuesday in a trial over the lung disease death of a sailor's chain-smoking wife, adding to an $8.8 million compensatory verdict awarded a day earlier and amounting to far more than the plaintiff requested.
A California federal judge on Tuesday signed off on the final approval of a $14.7 billion settlement with consumers and the federal government over Volkswagen’s emissions cheating scandal that includes an aggressive timeline to start buying back affected cars in November.
The U.S. Securities and Exchange Commission’s fraud case against private equity magnate Lynn Tilton and her Patriarch Partners firms got off to a heated start Monday, as attorneys for Tilton argued the SEC’s claims she overcharged investors by $200 million are "ludicrous."
Pennsylvania’s disgraced ex-attorney general was led out of court in handcuffs on Monday afternoon after being sentenced to at least 10 months in prison following her conviction on charges that she lied to a grand jury about her role in leaking confidential investigative material to a reporter.
A Florida jury awarded $8.8 million on Monday to a sailor whose chain-smoking wife died of lung disease, hitting R.J. Reynolds Tobacco Co. with far more than the $5.3 million he had asked for and also finding the tobacco company owes punitive damages for hiding the dangers of cigarettes.
The National Marine Fisheries Service reasonably relied on climate-change projections to find that an Arctic seal population would be endangered by the end of the century, a Ninth Circuit panel ruled Monday, reversing a district court judge who found the conclusion too speculative.
The full Ninth Circuit ruled Monday that the U.S. Supreme Court's Octane Fitness ruling on fee-shifting in patent cases should apply equally to Lanham Act cases, joining several other circuit courts that have done the same.
The U.S. Department of Justice on Monday said nursing home giant Life Care Centers of America will pay $145 million to end False Claims Act litigation that alleged it billed Medicare for excess treatment, a record FCA settlement for the nursing industry.
Brazilian aerospace firm Embraer SA will pay $205 million to settle allegations by U.S. authorities that the company violated the Foreign Corrupt Practices Act by paying millions of dollars in bribes to officials in three countries and falsifying accounting records.
AT&T Inc. unveiled an $85.4 billion cash-and-stock takeover of Time Warner Inc. late Saturday, confirming a swirl of media reports over the weekend that the pair were putting the finishing touches on the year’s largest megadeal.
Private equity magnate Lynn Tilton and the U.S. Securities and Exchange Commission will finally face off Monday over claims Tilton and her firm overcharged investors by more than $200 million, and both sides are preparing for a fight befitting what could be the largest case ever heard by an SEC judge as Tilton raises a host of new claims the agency acted improperly.
New York Gov. Andrew Cuomo on Friday signed a bill outlawing the advertising of short-term rentals on sharing economy websites such as Airbnb, prompting the company to file a lawsuit challenging the law in New York federal court.
SunEdison creditors on Thursday sued the energy giant’s bank lenders and other financiers in New York to recover at least $200 million they allege was used to mask the company’s deteriorating finances and improprieties months before filing for bankruptcy.
The Manhattan District Attorney’s Office has agreed to allow the star cooperating witness in the Dewey & LeBoeuf LLP criminal trial to drop his guilty plea to grand larceny and cop to a lesser charge ahead of the coming retrial of the firm’s former executive director and chief financial officer.
Republican presidential candidate Donald Trump on Thursday asked the federal judge overseeing the Trump University false ad trial to bar any evidence related to his presidential campaign, including tweets, allegations of misconduct and inflammatory statements about the judge himself.
Moody's Corp. disclosed on Friday that the U.S. Department of Justice is preparing to sue the ratings agency under the Financial Institutions Reform, Recovery and Enforcement Act for its assessment of derivatives whose failure caused the financial crisis.
Federal regulators have confirmed that an 11th person has died in a car crash linked to a rupture of a recalled Takata air bag inflator, the National Highway Traffic Safety Administration said on Thursday.
The practice of third-party litigation funding, in which funders front money to plaintiffs law firms in exchange for a cut of any settlement or money judgment, is growing increasingly popular. Currently, litigators are not required to disclose the involvement of third-party funders, but transparency will improve justice in courts, say Lisa Rickard, president of the U.S. Chamber Institute for Legal Reform, and Mark Behrens, a partne... (continued)
From e-discovery to attorney profitability, the technologies of the 21st century have had a major impact on legal practice. Yet the tech revolution has had surprisingly little impact on the form and content of legal briefs — the very bread-and-butter of many legal practices. This is about to change, according to Martin Bienstock of Weisbrod Matteis & Copley PLLC.
In a sneak preview of the fall edition of Legal Communication & Rhetoric, Professor Michael Higdon of the University of Tennessee College of Law explores the negative reactions to "vocal fry," the accusations of sexism those reactions have engendered, and what all this means for female attorneys.
Sorry, fellow lawyers, judges and legislators, but the jig is up. It’s time to show the public the cards up our sleeves and give them a chance to weigh in on the fairness of a system that touches so many aspects of their everyday lives, says Chas Rampenthal, general counsel of LegalZoom.
As automation increases, so do business challenges that impact overall law firm operations. Records departments are facing roadblocks associated with antiquated processes, ever-changing regulatory requirements, and emerging technologies. As a result, firms are reassessing the needs of their records department staffing models, says Raymond Fashola of HBR Consulting.
Don't kid yourself into believing, currently, that cloud options are cheaper. Cost is not the justification for moving your law firm to the cloud, says Paul R. Kiesel, founder of Kiesel Law LLP and immediate past president of the Los Angeles Bar Association.
Just as with trial, early and thoughtful preparation for negotiations with an opponent are critical. Audra Dial, managing partner of Kilpatrick Townsend LLP's Atlanta office, shares five lessons from the heat of battle in trial that she believes can make you a better negotiator.
Just because we are dealing with bytes and not books does not change the staffing or need for expertise. The information being sorted and the questions being asked today are not ultimately that different from what might be seen as old-fashioned, traditional librarian work, says Cynthia Brown, director of research services at Littler Mendelson PC.
The tension between practicing law and managing the firm is giving way to the realization that the latter had been largely overlooked, meagerly funded, and often underappreciated, says Dr. James Bailey, a professor at George Washington University School of Business and the keynote speaker at the Legal Marketing Association Southeast conference in September.
As technology has advanced, the ways in which attorneys communicate with clients, potential clients, former clients and the public has created new and ill-defined issues relating to whether an attorney-client relationship exists. Attorneys Elizabeth Fitch and Theodore Schaer discuss the often nebulous yet hazardous concepts that could lead to malpractice issues.