A Delaware bankruptcy judge delayed approval of the Chapter 11 sale of Open Road Films LLC on Thursday saying the parties needed to resolve outstanding contract cure and assumption issues before an amended sale order could be signed.
A Bojangles’ Inc. investor sued the restaurant chain and its directors in Delaware federal court Wednesday claiming not enough details have been provided about its acquisition by Durational Capital LP and The Jordan Co. for investors to cast an informed vote on the deal.
Andrew G.T. Moore II, a former justice of the Delaware Supreme Court whose time on the bench saw him author decisions that have become the bedrock of modern corporate law, has died at the age of 83, it was announced Wednesday.
ARRIS International PLC has been hit with a proposed class action by an investor seeking to stop the technology company from being acquired by telecom CommScope in a proposed $7.4 billion private equity-backed deal, with the stockholder claiming not enough information has been provided about the transaction.
A Delaware federal jury found Tuesday that Edwards Lifesciences Corp. damaged Boston Scientific SciMed Inc. to the tune of $35.4 million by infringing a heart valve patent, while rejecting claims that Boston Scientific infringed three Edwards patents.
A liquidating trustee of bankrupt mining company IMMC Corp. asked the full Third Circuit Wednesday to revisit its precedential November decision that a Delaware bankruptcy court lacked jurisdiction to transfer his $250 million adversary proceeding to Pennsylvania district court, arguing that the ruling contravened U.S. Supreme Court precedent along with the applicable law.
An Apptio Inc. shareholder filed a proposed class action in Delaware federal court on Tuesday seeking to halt the information technology company’s proposed $1.9 billion merger with Vista Equity Partners, claiming not enough information has been provided for investors to make an informed vote on the transaction.
Federal prosecutors in Delaware recommended prison terms between five and eight years for four convicted Wilmington Trust Corp. executives at the center of a more than $200 million years-long cover-up of bad commercial loans, saying the deception led to huge investor losses and tarnishing of trust in financial industry safeguards.
Catalina Marketing Corp. filed for Chapter 11 in Delaware bankruptcy court Wednesday, saying it had a preapproved reorganization plan that would allow the consumer packaged goods marketer to shed $1.6 billion in debt.
An aggrieved investor of telecommunications technology company Xura Inc. cleared some early hurdles Tuesday in a Chancery Court suit challenging the company’s $643 million go-private sale to Siris Capital Group LLC, beating motions to dismiss claims that Xura’s former CEO had regular undisclosed contacts with the buyer.
A Delaware bankruptcy judge on Tuesday gave his nod to the Chapter 11 plan for Applebee's restaurant franchisee RMH Franchise Holdings Inc. over the objection of the unsecured creditors who argued they will not get enough disbursement under the plan.
Hospira has urged the Federal Circuit to toss a $70 million jury verdict finding its biosimilar version of Amgen Inc.’s blockbuster anemia treatment Epogen infringed an Amgen patent, arguing its drug production was protected by a safe harbor for companies seeking federal approval for biosimilar products.
The commonwealth of Massachusetts filed a motion to dismiss the Chapter 11 case of electricity supplier Starion Energy Inc. on Monday, saying the company filed the case in bad faith to avoid responsibility for regulatory penalties imposed by the state’s attorney general for deceptive business practices.
A California-based dental products maker has added to its expanding intellectual property battle with a Danish rival over patents covering intraoral scanners and related equipment, filing two complaints Tuesday in Delaware federal court and one complaint Monday at the U.S. International Trade Commission.
An attorney for three former directors of health care software firm OptimisCorp argued Tuesday that the company shot down part of its own argument that competitive conflicts disqualify them from serving as stockholder plaintiffs in a suit against the company.
A Chapter 11 sale of a San Diego medical facility owned by Promise Healthcare Group LLC received court approval Tuesday in Delaware after the company's attorneys told the court that an auction had resulted in an additional $1.3 million in consideration for the property.
The dire conclusions in the blockbuster climate change report recently released by the Trump administration contradict White House efforts to roll back greenhouse gas emissions standards for vehicles and power plants and the proposals should be yanked immediately, dozens of state attorneys general and city and county attorneys said Tuesday.
Venezuela has breached its settlement with Crystallex International Corp. relating to a $1.2 billion arbitral award issued after Venezuela expropriated its investments, the Canadian miner alleged Tuesday, signaling its intent to forge ahead with efforts to seize and sell shares in Citgo Petroleum Corp.'s parent company.
A coalition of 43 state attorneys general urged the Social Security Administration to make a priority of establishing a nationwide database for electronically matching names and dates of birth to Social Security numbers, in order to fight “synthetic identity theft” where legitimate numbers get tied to fake identities.
A Pennsylvania federal judge has shot down a bid to pause a cluster of shareholder lawsuits over alleged overbilling by United Health Services Inc. while both a related securities class action and an investigation into potential False Claims Act violations draw to a conclusion.
Many law firms have tickets or luxury suites at sporting events to host clients and prospects. Matthew Prinn of RFP Advisory Group and Matt Ansis of TicketManager discuss some of the ways that firms can use those tickets effectively.
A recent opinion from the American Bar Association provides useful guidance on attorneys’ obligations to guard against cyberattacks, protect electronic client information and respond if an attack occurs, says Joshua Bevitz of Newmeyer & Dillion LLP.
The U.S. Supreme Court decided TC Heartland v. Kraft Foods in May 2017, revitalizing the patent venue statute. Alex Chachkes and Josh Montgomery of Orrick Herrington & Sutcliffe LLP review its impact over the past year and a half.
Two recent decisions from the Federal Circuit — Novartis AG v. Ezra Ventures and Novartis Pharmaceuticals v. Breckenridge Pharmaceutical — clarify the law of "obviousness-type double patenting" and give certainty to biopharmaceutical patent owners, say Irena Royzman and Andrew Cohen of Patterson Belknap Webb & Tyler LLP.
Opening comments by parties in mediation that are made with the proper content and tone can diffuse pent-up emotion and pave the way for a successful resolution. But an opening presentation can do more harm than good if delivered the wrong way, say Jann Johnson and William Haddad of ADR Systems LLC.
This year saw significant changes in the landscape of whistleblower and retaliation law, including a game-changing decision from the U.S. Supreme Court and the three largest bounty awards issued in the history of the U.S. Securities and Exchange Commission, say Steven Pearlman and Meika Freeman of Proskauer Rose LLP.
In the second installment of this three-part legislative preview, Rich Ehisen of State Net Capitol Journal examines a number of issues that should keep state lawmakers occupied next year.
When reading Tim Wu’s new book, "The Curse of Bigness: Antitrust in the New Gilded Age," lawyers, economists and historians will find its broad brush maddening, and the generalist reader will simply be misled, says D.C. Circuit Judge Douglas Ginsburg.
For the first time in 15 years, Federal Rule of Civil Procedure 23, governing class actions, has been amended. There are five key changes that will likely impact future federal class action litigation and settlements, say John Lavelle and Terese Schireson of Morgan Lewis & Bockius LLP.
Many of the issues that are most likely to draw the attention of state lawmakers next year — including cybersecurity, internet and data privacy, blockchain and cryptocurrencies, sales taxes on remote sellers, transportation and telecommunications infrastructure, and marijuana — are already familiar, says Korey Clark of State Net Capitol Journal.