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Delaware
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December 05, 2023
Ex-CEOs Must Face Claims They Pilfered Bioscience Co.'s IP
Two former CEOs of Global Discovery Biosciences Corp. can't dodge claims that they cost the company an opportunity to develop new medical tests by siphoning the resources to another company, a Delaware Chancery Court judge has said.
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December 05, 2023
PTAB Says Goodnight To NYU's Sleep Machine Patents
Judges on the Patent Trial and Appeal Board dealt a blow to two patents owned by New York University, which is currently suing a San Diego company over technology allegedly used by a brand of small machines sold to treat sleep disorders.
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December 05, 2023
Solar Tech Lender Gets OK For Quick Ch. 11 Exit
A Delaware bankruptcy judge Tuesday said she will approve Sunlight Financial Holding's prepackaged Chapter 11 sale plan just over a month after the solar power financing company filed for bankruptcy.
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December 05, 2023
Floor & Decor Insider Trading Case Moves Ahead In Del.
Floor & Decor shareholders got the nod from Delaware's Court of Chancery on Tuesday to proceed with a derivative suit alleging that directors and controlling shareholders of the company sold $466 million worth of inflated stock in 2018 based on insider information.
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December 05, 2023
3rd Circ. Affirms Arbitration Denial In MicroBilt FCRA Suit
A three-judge Third Circuit panel on Tuesday upheld a New Jersey court's decision denying credit reporting company MicroBilt's request to compel arbitration in the case of a woman who sued the company for denying her a loan when it mistook her for someone on a government watch list.
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December 05, 2023
PTAB Invalidates Rakuten Video Display IP In IBM Challenge
The Patent Trial and Appeal Board has invalidated the entirety of a Rakuten patent challenged by IBM, finding the claims in the patent relating to a way to establish multiple video sessions were too obvious to warrant patent protection.
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December 05, 2023
Panera Hit With Second 'Charged Lemonade' Death Suit
Panera Bread Co. is being sued in Delaware state court over claims that its "Charged Lemonade" drink is responsible for a patron's death, less than two months after it was hit with a similar suit in federal court over another patron's death.
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December 05, 2023
Paralegal Patent Owner Pushes Back Against Del. Court Order
A Texas paralegal facing fines for not showing up at a hearing over litigation generated by a patent licensing outfit she ostensibly owns has told the Federal Circuit that disclosure requirements from Delaware's top federal judge have left her "living in a sense of fear and intimidation."
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December 05, 2023
Drug Co. Aceragen OK'd For Chancery-Overseen Liquidation
Biopharmaceutical company Aceragen Inc. secured a Delaware Court of Chancery go-ahead for its bankruptcy-alternative liquidation under a court-supervised assignment for the benefit of creditors in favor of a NovaQuest Capital Management affiliate.
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December 05, 2023
Yellow Corp. Accepts $1.9B In Bids For Trucking Terminals
Bankrupt trucking firm Yellow Corp. has told a Delaware bankruptcy judge that it plans to sell 128 trucking terminals nationwide to 21 different buyers for over $1.88 billion.
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December 04, 2023
Abercrombie Ex-CEO Sues For Fees In NY Sex Trafficking Suit
Abercrombie & Fitch's former CEO Michael Jeffries on Monday sued the apparel retailer in Delaware state court alleging it won't pay an advancement for fees he has incurred fending off a putative class action in New York accusing him of running a sex trafficking ring to abuse young male models.
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December 04, 2023
Energy Investment Co. Sues Del. Investor Protection Agency
An energy investment company has sued the Investors Protection Unit of the Delaware Department of Justice, arguing that an enforcement action the department launched against it violates its constitutional due process rights, including the right to a jury trial.
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December 04, 2023
Kraft Heinz Fraudulently Won Insider Trade Suit, Investor Says
An investor has hit Kraft-Heinz Co. with a fresh stockholder complaint in Delaware Chancery Court, claiming that the court wrongly tossed a prior action alleging similar $1.2 billion insider-trading claims based on fraudulent statements and incomplete evidence regarding Kraft Heinz's executives' purported financial ties to the majority stockholder accused of insider trading.
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December 04, 2023
AMC Stockholder Appeals Chancery 'APE' Stock Split Deal
An AMC Entertainment Inc. investor who opposed a later-eroded, $115 million Chancery Court stockholder settlement with the company asked the Delaware Supreme Court to reverse the lower court approval based on inadequate class representation, multiple errors in the proceeding and denial of an opt-out.
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December 04, 2023
AstraZeneca Criticizes HHS For Bid To Skirt Drug Price Suit
AstraZeneca has chided the federal government for seeking a quick win against the drugmaker's challenge to the Medicare drug price negotiation program in a recent brief, arguing that the Centers for Medicare and Medicaid Services mistakenly believes it has "absolute authority to unilaterally dictate prices."
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December 04, 2023
Pear Therapeutics Seeks WARN Act Class Suit Settlement
Software-based medicine venture Pear Therapeutics asked a Delaware bankruptcy court to approve a $990,000 settlement agreement with its ex-employee who filed a class action against the company under the Worker Adjustment and Retraining Notification Act.
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December 04, 2023
Kristen Bell's Baby Co. Eyes $65M Early-Bidder Ch. 11 Sale
Hello Bello, a baby product brand started by actress Kristen Bell, has informed a Delaware bankruptcy judge it intends to accept a nearly $65 million stalking horse bid for its assets from private equity fund Hildred Capital Management, after canceling its Chapter 11 auction for lack of other bidders.
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December 04, 2023
Caterpillar Pushes Again For Sanctions In Antitrust Suit
Caterpillar is moving for sanctions in its long-running antitrust dispute with International Construction Products, telling a Delaware federal judge that the now-defunct equipment supplier, which is accusing Caterpillar of tortious interference and boycott claims, failed to preserve important documents as employees left and the company shuttered.
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December 04, 2023
Texas Land Co. Investors See Share-Expansion Suit Tossed
A Texas Pacific Land Corp. stockholder group lost on Friday their challenge to a company demand that they vote their shares in favor of a sixfold increase in stock held by one of the state's largest landholders.
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December 04, 2023
Catching Up With Delaware's Chancery Court
Blockchain gaming, lithium-battery production, nutrition supplements and Activision's $68.7 billion sale to Microsoft — nothing is too big or complicated for Delaware's Chancery Court to put on its agenda. The year is winding down, but things haven't slowed in the nation's top court of equity. Check here for all the latest news from the Chancery Court.
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December 01, 2023
Justices Call O'Connor 'American Hero,' 'Perfect Trailblazer'
Following news of retired U.S. Supreme Court Justice Sandra Day O'Connor's death at the age of 93, current and former high court justices paid public homage to her trailblazing career, devotion to the rule of law and illuminating charisma.
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December 01, 2023
Google Ends 2 Patent Cases In Western Texas
Google lawyers managed to hash out their legal fights with two patent-licensing outfits represented by the same powerhouse Delaware patent law firm, over a year after U.S. District Judge Alan Albright of the Western District of Texas sent one of the lawsuits to the Northern District of California, but months after he decided to keep the second in Waco.
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December 01, 2023
Natera Wins Cancer Test Injunction After $19M IP Verdict
A Delaware federal judge has barred Invitae Corp. from using its Personalized Cancer Monitoring test in certain ways that infringe patents owned by Natera Inc., according to a rare injunction made public Friday.
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December 01, 2023
Ex-CEO For Space Cargo Biz Can't Revive Legal Fee Suit
Delaware's Supreme Court let stand on Friday a Court of Chancery ruling that space infrastructure company Momentus Inc. has no obligation to advance legal fees to its co-founder and former CEO after he waived most of his rights to indemnification and advancement when he left the company in 2021.
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December 01, 2023
Former Clerks Say Justice O'Connor Still Worth Emulating
BigLaw attorneys mentored by former U.S. Supreme Court Justice Sandra Day O'Connor, who died Friday after a lengthy battle with dementia, say she'll be remembered as an incisive jurist who always put facts and practical considerations above abstract ideological commitments, as well as a deeply gracious and down-to-earth woman who never let her dedication to the law overshadow her zest for life.
Editor's Picks
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DocuSign's Bad Conduct Warrants Fee Shift, Ex-CEO Says
DocuSign's ex-CEO wants the Delaware Chancery Court to order the e-signature company to pay at least $709,000 for legal fees he has incurred in litigation alleging the company tried to "bully" him into resigning from its board and made false filings saying he resigned as a director.
Expert Analysis
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Opinion
Legal Profession Gender Parity Requires Equal Parental Leave
To truly foster equity in the legal profession and to promote attorney retention, workplaces need to better support all parents, regardless of gender — starting by offering equal and robust parental leave to both birthing and non-birthing parents, says Ali Spindler at Irwin Fritchie.
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Opinion
Activist Short-Sellers Are The Dark Knights Of Wall Street
While so-called activist short-sellers have been subject to increased scrutiny in recent years, these investors work in the shadows like Batman to expose fraud on Wall Street, often generating leads that may move regulators to take action, say attorneys at Labaton Sucharow.
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Managing ANDA Venue Issues As Del. And NJ Filings Rise
Delaware and New Jersey have prevailed as the primary forum for pharmaceutical litigation as more generic companies file abbreviated new drug applications, but this venue scheme presents traps for the unwary, and legislation may still be necessary to ensure fairness and predictability, say Timothy Cook and Kevin Yurkerwich at WilmerHale.
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Series
Writing Thriller Novels Makes Me A Better Lawyer
Authoring several thriller novels has enriched my work by providing a fresh perspective on my privacy practice, expanding my knowledge, and keeping me alert to the next wave of issues in an increasingly complex space — a reminder to all lawyers that extracurricular activities can help sharpen professional instincts, says Reece Hirsch at Morgan Lewis.
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What Lawyers Must Know About Calif. State Bar's AI Guidance
Initial recommendations from the State Bar of California regarding use of generative artificial intelligence by lawyers have the potential to become a useful set of guidelines in the industry, covering confidentiality, supervision and training, communications, discrimination and more, say attorneys at Debevoise.
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Industry Must Elevate Native American Women Attys' Stories
The American Bar Association's recent research study into Native American women attorneys' experiences in the legal industry reveals the glacial pace of progress, and should inform efforts to amplify Native voices in the field, says Mary Smith, president of the ABA.
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Understanding Discovery Obligations In Era Of Generative AI
Excerpt from Practical Guidance
Attorneys and businesses must adapt to the unique discovery challenges presented by generative artificial intelligence, such as chatbot content and prompts, while upholding the principles of fairness, transparency and compliance with legal obligations in federal civil litigation, say attorneys at King & Spalding.
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Chancery's 'Unfair Deal, Fair Price' Ruling Part Of A Trend
The Delaware Court of Chancery's recent decision in In re: Straight Path Communications is the latest in a line of recent post-trial rulings by the court that seem to prioritize a fair price in determining damage awards — even when a transaction has been clouded by an unfair process, say attorneys at V&E.
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Asserting 'Presence-Of-Counsel' Defense In Securities Trials
As illustrated by the fraud trial of FTX founder Sam Bankman-Fried, defense attorneys in securities trials might consider arguing that counsel had some involvement in the conduct at issue — if the more formal advice-of-counsel defense is unavailable and circumstances allow for a privilege waiver, say Joseph Dever and Matthew Elkin at Cozen O'Connor.
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An Overview Of Circuit Courts' Interlocutory Motion Standards
The Federal Arbitration Act allows litigants to file an immediate appeal from an order declining to enforce an arbitration agreement, but the circuit courts differ on the specific requirements for the underlying order as well as which motion must be filed, as demonstrated in several 2023 decisions, says Kristen Mueller at Mueller Law.
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The Case For Post-Bar Clerk Training Programs At Law Firms
In today's competitive legal hiring market, an intentionally designed training program for law school graduates awaiting bar admission can be an effective way of creating a pipeline of qualified candidates, says Brent Daub at Gilson Daub.
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Attorneys Have An Ethical Duty To Protect The Judiciary
The tenor of public disagreement and debate has become increasingly hostile against judges, and though the legislative branch is trying to ameliorate this safety gap, lawyers have a moral imperative and professional requirement to stand with judges in defusing attacks against them and their rulings, says Deborah Winokur at Cozen O'Connor.
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AI Can Help Lawyers Overcome The Programming Barrier
Legal professionals without programming expertise can use generative artificial intelligence to harness the power of automation and other technology solutions to streamline their work, without the steep learning curve traditionally associated with coding, says George Zalepa at Greenberg Traurig.
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10 Essential Bankruptcy Litigation Tips For In-House Counsel
Bankruptcy litigation is a complex and multifaceted area of law that poses unique challenges for in-house counsel, and there are several tools at legal professionals' disposal, like appraisals and understanding jurisdictions, to stay well-informed and protect their companies' interests, says Alison Ashmore at Dykema.
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Preparing Law Students For A New, AI-Assisted Legal World
As artificial intelligence rapidly transforms the legal landscape, law schools must integrate technology and curricula that address AI’s innate challenges — from ethics to data security — to help students stay ahead of the curve, say Daniel Garrie at Law & Forensics, Ryan Abbott at JAMS and Karen Silverman at Cantellus Group.