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Massachusetts

  • August 9, 2018

    Special Master To Reopen $4M State Street Fee Probe

    A special master appointed by a Massachusetts federal judge to probe the attorneys' fees arrangements in a $300 million class action against State Street agreed Thursday to modify his report that called for plaintiffs’ counsel to return up to $10 million in fees, averting a ruling on a request to have him taken off the case.

  • August 9, 2018

    Choate Hall Nabs Transactions Partner From In-House Role

    Choate Hall & Stewart LLP has hired Susan Yoon Parker as a partner in the Boston-based firm's transactional groups at a time of expansion, nabbing her after a series of senior in-house roles at major financial institutions.

  • August 9, 2018

    Mass. AG Launches Probe Into LendingClub’s Ad Practices

    LendingClub Corp. said in a regulatory filing Wednesday that the Massachusetts attorney general is investigating the San Francisco-based peer-to-peer lending company's advertising and disclosure practices to consumers in that state.

  • August 9, 2018

    General Electric Calls On Court To Toss Retirement Suit

    General Electric Co. has urged a Massachusetts federal judge to drop a proposed Employee Retirement Income Security Act class action accusing the company of funneling workers' retirement savings into subpar company-managed investment funds, claiming Wednesday that the suit does not prove the funds were a bad decision for the retirement plan.

  • August 9, 2018

    Marcus & Auerbach Seek $4M Fees In 2nd Major Annuity Deal

    Marcus & Auerbach LLC asked a Massachusetts federal judge Wednesday for final approval of a settlement that would guarantee the annuities of 5,000 Aviva PLC customers at a value of up to $41 million and include $4.1 million in attorneys’ fees.

  • August 9, 2018

    1st Circ. Hands Win To Puerto Rico In Bond Lien Dispute

    Hedge fund Peaje Investments' $65 million in bonds issued by Puerto Rico's Highways and Transportation Authority are not secured by a lien on toll revenues, the First Circuit has affirmed in a decision that amounts to a victory for the commonwealth and yet another setback for creditors of its various government agencies.

  • August 9, 2018

    Rising Star: Holland & Knight's Jenna C. Bigornia

    Holland & Knight LLP partner Jenna C. Bigornia has spent her career advising clients on health care compliance issues, including helping close Express Scripts Holding Co.’s recent $3.6 billion purchase of eviCore, earning her a spot as one of five health care attorneys under age 40 honored by Law360 as Rising Stars.

  • August 8, 2018

    1st Circ. Opens Path For PREPA Bondholders' Receiver Bid

    The First Circuit on Wednesday reversed a ruling by the judge presiding over Puerto Rico's restructuring proceedings, finding she is not precluded from lifting automatic stay protections for the island's bankrupt electric utility so that bondholders can pursue legal action to appoint a receiver.

  • August 8, 2018

    Firms Swoop In On Labaton’s Lead Role Amid Billing Dispute

    McTigue Law LLP and Beins Axelrod PC made a play on Tuesday to take over as lead counsel to a class of retirement plans after reading in a court filing that Labaton Sucharow LLP had yet to distribute $60 million the class is owed under a 2016 settlement with State Street Corp.

  • August 8, 2018

    SEC Told Proposed Broker Standards Fall Short

    Financial professionals, investor groups and 17 attorneys general asked the U.S. Securities and Exchange Commission to clarify and strengthen its proposal to require brokers to prioritize their clients over themselves, according to public comments submitted before an Aug. 7 deadline.

  • August 8, 2018

    Deals Rumor Mill: Tronc, UnitedHealth, Ping An

    Tronc is reportedly considering selling the Chicago Tribune to a private equity firm, UnitedHealth inked a tentative deal to buy Genoa Healthcare from Advent International, and Ping An is mulling a deal to buy the Asia division of Prudential PLC.

  • August 8, 2018

    Blackbird, Lenovo Settle Suit Over Hybrid Laptop-Tablet

    Blackbird Technologies LLC, a Boston patent litigation company founded by former WilmerHale and Kirkland & Ellis LLP partners, announced on Wednesday it has settled a patent dispute in Delaware federal court with Lenovo over whether the Chinese telecom company infringed a computer display patent.

  • August 8, 2018

    Foley Hoag Adds Ex-Ropes & Gray Finance Practice Head

    Foley Hoag LLP said it has added the former head of Ropes & Gray LLP’s finance practice as a partner in its business department and co-chair of the debt finance practice in the firm’s Boston office.

  • August 8, 2018

    Insys To Pay $150M To End DOJ Scrutiny Of Opioid-Rx Bribes

    Opioid manufacturer Insys Therapeutics Inc. has agreed to pay at least $150 million for the U.S. Department of Justice to drop its criminal investigation and civil claims that the company bribed doctors to prescribe its under-the-tongue fentanyl spray, the company announced Wednesday.

  • August 8, 2018

    Biotech Executive Convicted Of Fraud, Lying To Feds

    A Manhattan federal jury on Wednesday convicted biotech executive Patrick Muraca on charges of defrauding investors and lying to the FBI, rejecting his argument that he had merely been a sloppy accountant.

  • August 7, 2018

    Cloud Computing Co. To Pay SEC $1.9M Over Revenue Flubs

    The U.S. Securities and Exchange Commission announced Tuesday that cloud computing company Ribbon Communications Inc. has agreed to pay nearly $2 million to resolve claims its former chief financial officer made misleading statements about its estimated revenue in 2015.

  • August 7, 2018

    Former Aegerion Sales Rep Indicted In Juxtapid Push

    A former drug salesman for Aegerion Pharmaceuticals Inc. was indicted Tuesday on fraud charges for allegedly falsifying health records to prompt health insurance providers to contribute to the steep cost of the company's specialized cholesterol treatment, Juxtapid.

  • August 7, 2018

    Real Estate Broker Gets 3 Years For Short-Selling Scheme

    A real estate broker was sentenced in Boston federal court on Tuesday to three years in prison for her role in a scheme to defraud banks and mortgage companies by short-selling houses.

  • August 7, 2018

    1st Circ. Affirms Ex-Puerto Rico Judge's Bribery Conviction

    The First Circuit on Monday affirmed a jury’s verdict convicting a former Puerto Rican judge of taking bribes in exchange for acquitting an attorney accused of causing a fatal car crash while drunk, ruling there was sufficient evidence the judge knowingly engaged in a bribery scheme.

  • August 7, 2018

    Mass. Top Court Nixes 911 Suit, Bars LLC Whistleblowers

    Four years of legal wrangling over 911 emergency dispatch surcharges that telephone providers pay in Massachusetts ended on Tuesday with a succinct ruling from the state's top court saying a limited liability company had no business trying to recoup roughly $200 million on behalf of the state government.

Expert Analysis

  • Connecticut's 'Kill Quill' Bet Seems To Pay Off

    Marc Finer

    Connecticut recently passed sales tax legislation requiring out-of-state online retailers to collect Connecticut sales tax. This law, which would have been unconstitutional had the Supreme Court upheld Quill Corp. v. North Dakota, is likely valid after the court eliminated the physical presence standard in South Dakota v. Wayfair Inc., says Marc Finer of Murtha Cullina LLP.

  • It's Not Too Early To Prep For New Mass. Employment Laws

    Sean O’Connor

    Courtesy of the “grand bargain” legislation, significant changes are coming to Massachusetts employment law. Among other new requirements, employers should prepare for increases in the state minimum wage rates, revisions to tipped employees’ wages, and a new state-administered paid family and medical leave program, says Sean O’Connor of Morgan Brown & Joy LLP.

  • Opinion

    Law360's Global 20 Doesn't Acknowledge Global Networks

    Glenn Cunningham

    While I read with interest Law360's report analyzing the top 20 global law firms of 2018, I also noticed it doesn't tell the whole story. Global networks of independent law firms compare favorably with multinational firms in terms of geographic coverage, legal expertise, and awareness of local cultures and customs, says Glenn Cunningham of Interlaw Ltd.

  • Guest Feature

    Chris Dodd Talks Dodd-Frank, Nuremberg Trial, Hollywood

    Randy Maniloff

    Attorney Randy Maniloff recently sat down with former Sen. Christopher Dodd at his new office at Arnold & Porter in Washington, D.C. The goal? To discover things we might not know about the author of some of the most important legislation of the last few decades.

  • What Kavanaugh's Writing Tells Us About His Personality

    Matthew Hall

    People with certain personality traits tend to use certain words. A computer analysis of Judge Brett Kavanaugh’s D.C. Circuit opinions reveals that he is highly extraverted, which means that he would be a prominent voice on the U.S. Supreme Court, says Matthew Hall, a professor at the University of Notre Dame.

  • Opinion

    3 Pros, 3 Cons Of Litigation Finance

    Ralph Sutton

    An educated guess puts the number of new litigation funders launched in the past 18 months at 30 — an astonishing number, with more to come. Is this a blessing to our legal system or something more akin to tulip mania? Maybe both, says Ralph Sutton, founder and CEO of litigation funding firm Validity Finance LLC.

  • Modern Communication Brings E-Discovery Challenges

    Thomas Bonk

    As new communications platforms displace email, the legal industry is awkwardly grappling with complex e-discovery questions. Fortunately, this environment provides a very fertile ground of incentives for innovation in both e-discovery technology and service offerings, says Thomas Bonk of Epiq.

  • Opinion

    It's Not All About The Benjamins, Baby (Lawyer)

    J.B. Heaton

    Notwithstanding the latest salary war among prominent law firms, I urge my middle-aged and older colleagues to help the recent graduates we know focus on the long term. Even if the salary is the same, there is a big difference between an institutional firm and the relatively younger firms matching BigLaw, says J.B. Heaton, a University of Chicago business law fellow and former partner at Bartlit Beck.

  • Tax Implications For The California Cannabis Industry

    Shail Shah

    This article by attorneys at Reed Smith LLP outlines tax implications for the cannabis industry in California, the largest state to legalize medical and recreational adult-use cannabis, and other states where marijuana is legally sold.

  • Series

    Judging A Book: Hood Reviews 'Lawyering From The Inside Out'

    Judge Denise Hood

    Law professor Nathalie Martin's new book, "Lawyering From the Inside Out: Learning Professional Development Through Mindfulness and Emotional Intelligence," can be of value to any lawyer aiming to achieve greater productivity, relieve the stress of the legal profession and focus on goals, says U.S. District Chief Judge Denise Page Hood of the Eastern District of Michigan.