Willkie Farr & Gallagher LLP was sued Friday by David Lichtenstein, the former private equity owner of Extended Stay Inc., who claims the law firm's advice to put the hotel chain into bankruptcy resulted in a $100 million personal judgment against him.
A former AT&T Inc. employee linked with expert networking firm Primary Global Research LLC pled guilty Monday to leaking confidential information about the company's sales of Apple Inc.'s iPhone to his Wall Street clients.
Deutsche Boerse AG has sued European regulators over their rejection of its proposed $9.7 billion merger with NYSE Euronext Inc., arguing that regulators didn't properly consider antitrust concessions the stock exchange operators agreed to make, the European Commission said Saturday.
Watts Water Technologies Inc. has launched a malpractice suit against Sidley Austin LLP over its $3.8 million settlement with federal regulators to resolve allegations that its former subsidiary bribed employees of state-owned design institutes in China, according to a media report Thursday.
More than 43,000 Texas residents are suing BP PLC for $500 billion over air pollution from a 2010 emissions event at a Texas City refinery that sent 3.75 million pounds of chemicals into the air over a 40-day period, an attorney for the plaintiffs said Thursday.
A former Dewey & LeBoeuf LLP partner on Wednesday filed a $7 million suit against the bankrupt firm's former executive committee for allegedly misleading him about Dewey's financial condition when recruiting him in 2010, the first of what is expected to be many suits alleging fraud against the firm's leaders.
The Association of Irritated Residents and other environmental organizations on Friday launched a new challenge against California’s cap-and-trade program, claiming it discriminates against minorities who live near refineries, cement companies and power plants.
New York City's pension funds sued Wal-Mart Stores Inc. in a shareholder derivative suit in Delaware on Monday, arguing they should be tapped to lead the litigation alleging Wal-Mart's leadership didn't investigate corruption in its Mexican expansion.
The video game developer founded by former baseball standout Curt Schilling, 38 Studios LLC, filed for Chapter 7 in Delaware on Thursday after defaulting on a $75 million loan guarantee from the state of Rhode Island.
The Consumer Financial Protection Bureau was hit with a Freedom of Information Act suit Thursday in Washington federal court by a conservative watchdog group looking for documents related to the recess appointment of the bureau's director, Richard Cordray.
The trustee in charge of recovering funds for victims of Bernard L. Madoff's Ponzi scheme filed a number of clawback suits worth more than $800 million in New York bankruptcy court Wednesday, just before a statute of limitations expires.
Nearly 2,000 current and former female Wal-Mart Stores Inc. employees who were part of the certified class in Wal-Mart v. Dukes have lodged sex discrimination claims against the retail giant with the U.S. Equal Employment Opportunity Commission, attorneys said Wednesday.
Two Royal Dutch Shell PLC subsidiaries on Monday sought to protect their federal exploration authorizations from potential challenges by groups including Greenpeace Inc., who oppose the multibillion-dollar exploration activities in the Chukchi Sea and Beaufort Sea off the Alaska coast.
More than 40 banana plantation workers in Latin America lodged a suit against Dole Food Co. Inc., Shell Oil Co., Dow Chemical Co. and others in Delaware federal court Friday, alleging they were exposed to the pesticide DBCP, which caused cancer and sterility as well as long-lasting environmental damage.
Wachtell Lipton Rosen & Katz pushed the envelope by allegedly advising Bank of America Corp. to be less than forthcoming with shareholders ahead of the bank's $50 billion acquisition of Merrill Lynch & Co. Inc., potentially putting the law firm at the center of ongoing litigation over the controversial deal, experts say.
TiVo Inc. on Monday sued Cisco Systems Inc. in Texas federal court for allegedly selling set-top cable boxes that violate four patents covering TiVo's DVR technology, days after Cisco sought a preemptive order invalidating the patents-in-suit.
A New Mexico dental products company hit Olshan Grundman Frome Rosenzweig & Wolosky LLP with a $148 million malpractice suit Tuesday, alleging the law firm's negligence prevented it from securing significant additional damages from rival Dentsply in an antitrust suit.
Two former Sentinel Management Group Inc. executives are facing criminal wire and securities fraud charges for allegedly bilking more than 70 customers out of $500 million before the investment adviser firm sank into bankruptcy in August 2007, federal prosecutors said Friday.
A Wisconsin-based community bank launched a putative class action Friday against Bank of America NA, Citibank NA and JPMorgan Chase Bank NA, alleging that their manipulation of the London Interbank Offered Rate cost community banks between $300 and $500 million annually.
Chinese communications technology giant Huawei Technologies Co. Ltd. told Europe's competition authority Thursday that InterDigital Inc. has abused its position as owner of key wireless network patents by refusing to license the technology at a fair and reasonable price.
Following the U.S. Supreme Court's decision in Caraco Pharmaceutical Laboratories Ltd. v. Novo Nordisk A/S, it seems likely that counterclaims alleging overbroad use codes will be raised in Paragraph IV litigations where the use code does not precisely reflect the claimed method of use, say attorneys with Fenwick & West LLP.
In Bayer Schering Pharma AG v. Sandoz Inc., the Federal Circuit has affirmed a district court's holding that generic drug makers could not infringe patent claims where a U.S. Food and Drug Administration-approved drug had not been approved for the other claimed uses. In this case, it was not enough that the FDA had approved marketing materials promoting the use of the contraceptive Yasmin for noncontraceptive effects, say attorneys with Duane Morris LLP.
In light of the California Supreme Court's Brinker decision, employers should take steps to ensure that their meal and rest break policies are compliant — though, absent proof of a specific employer policy or classwide practice that makes timely, off-duty meal periods unavailable, plaintiffs should have difficulty obtaining class certification of meal-period claims in the future, say Leslie Abbott, Jeffrey Wohl and Holly Lake of Paul Hastings LLP.
The Consumer Financial Protection Bureau's recently proposed rules to increase accountability and transparency in the mortgage servicing industry draw heavily on the National Servicing Standards and, given the broad enforcement powers of the CFPB, have significant implications for mortgage servicers, say Jeffrey Spigel and Peter Todaro of King & Spalding LLP.
2012 is shaping up as a year of bankruptcy first impressions for the Ninth Circuit. The court has sailed into uncharted bankruptcy waters twice already this year in the same Chapter 11 case — In re Thorpe Insulation Co., say attorneys with Jones Day.
As the Second Circuit's decision in United States v. Aleynikov makes clear, federal criminal liability under the National Stolen Property Act, the Economic Espionage Act, and the Computer Fraud and Abuse Act will turn on specific — and somewhat surprising — factual questions, says Daniel Marx of Foley Hoag LLP.
While the Volcker Rule is one of the signature elements of Dodd-Frank, the initial phases of rulemaking to implement it have generated substantial comment and criticism from a wide cross-section of the financial services sector in the U.S. and globally. The Federal Reserve's recent clarification that covered banking entities have until July 21, 2014, to come into compliance is viewed by many as a positive development with benefits for both banking entities and the regulators, say attorneys with SNR Denton.
As a result of the U.S. Supreme Court's ruling in Kappos v. Hyatt, patent applicants disappointed by rulings of the U.S. Patent and Trademark Office Board of Patent Appeals and Interferences may consider filing a civil action under §145 with the opportunity to supplement the administrative record, rather than appeal directly to the Federal Circuit, say Paul Devinsky and Charles Hawkins of McDermott Will & Emery LLP.
The U.S. Environmental Protection Agency has released its long-awaited proposal establishing carbon dioxide emissions limits from fossil-fuel-fired electric utility generating units. While the proposed CO2 standard does not apply to existing, unmodified units, once this regulation is finalized, the EPA may be forced to develop standards for such sources, say Don Frost and Henry Eisenberg of Skadden Arps Slate Meagher & Flom LLP.