A former biotech CEO from Massachusetts who once ran a $48 million diagnostics company went before a Manhattan federal jury Monday to try to sink charges of stealing from investors, arguing his efforts in the fight against cancer were real but he was a “total moron” for commingling funds.
Massachusetts lawmakers approved legislation Monday that would tax and regulate short-term rentals such as Airbnb, sending the measure to the governor's desk.
A Delaware federal jury on Friday said Minerva Surgical Inc. should pay Hologic Inc. $4.8 million for infringing a patent covering the endometrial ablation treatment NovaSure, but lessened the blow by finding the infringement wasn’t willful.
Heart monitor maker InfoBionic Inc. has knocked down yet another CardioNet LLC patent that it was accused of infringing, with the Patent Trial and Appeal Board holding Friday that the data transmission technology the patent covered was obvious.
A settlement approved Monday by a Delaware bankruptcy judge among debtor The Rockport Co. LLC, its former owner Adidas AG and Reebok International Ltd. resolved a potential $54 million claim fight between the two parties and will allow Rockport’s $150 million Chapter 11 asset sale to close as soon as Wednesday.
Eight states and Washington, D.C., sued the Trump administration in Washington federal court Monday, seeking to block a recent settlement allowing a defense firm to publicly post 3D printing plans for guns online, saying the deal would wrongly allow “dangerous criminals” to effectively access untraceable weapons.
An almost $4 million breach of contract trial over the butterfat content in ice cream kicked off in a Boston federal court Monday morning with the jury hearing differing accounts over whether ice cream maker Mister Cookie Face LLC was responsible for putting dessert maker 600 lb Gorillas Inc. out of business.
Less than six weeks after the U.S. Supreme Court’s landmark decision in South Dakota v. Wayfair, more than half of states with a sales tax have taken steps toward compelling out-of-state retailers to collect and remit sales and use tax.
The 168 attorneys selected as Law360's 2018 Rising Stars are lawyers whose accomplishments belie their age. From guiding eye-popping deals to handling bet-the-company litigation, these elite attorneys under 40 are leading the pack.
The U.S. Supreme Court, or at least Chief Justice John Roberts, agrees with a recent push to get the word “gerrymander” to be pronounced with a hard G, as in Gary, rather than a soft G, as in Jerry, the Boston Globe reported Friday.
A federal jury in Boston decided Friday that a local businessman who left the board of one three-dimensional printing company to open a competitor does not rightfully own two patents on printer structures, a verdict that was handed down just four months into litigation.
A U.S. bankruptcy judge has determined that damages are warranted against two Massachusetts women who continued to pursue a personal injury suit stemming from one of hip-hop artist 50 Cent’s concerts, granting the sanctions bid Friday and asking for an accounting of costs.
A group of former Insys Therapeutics Inc. executives told a Massachusetts federal judge Friday that a recent government bid to clarify the racketeering charges they face for allegedly bribing doctors to prescribe their expensive fentanyl spray comes up short of the legal standard, and another trip to the grand jury will not fix the indictment’s flaws.
The Massachusetts plant for New England Confectionery Co., which manufactures iconic candies including Necco Wafers and Sweethearts, was abruptly closed this week, less than two months after the investment firm that purchased the company out of bankruptcy decided to resell it.
The D.C. Circuit on Friday upheld the Federal Energy Regulatory Commission's approval of an Enbridge Inc. unit's $971 million natural gas pipeline improvement project in the Northeast, rejecting challenges from green groups that said FERC inadequately assessed environmental impacts.
Harvard University attempted in a Friday court filing to dismantle a headline-grabbing and allegedly self-affirming study that claimed one of the world’s most prestigious institutions has systematically discriminated against Asian-American applicants’ life experiences.
U.S. Environmental Protection Agency acting Administrator Andrew Wheeler on Thursday reversed a decision made in the waning hours of former agency head Scott Pruitt’s tenure to cease enforcement of Obama-era emissions standards for heavy-duty trucks outfitted with engines from older trucks.
Sen. Bernie Sanders, I-Vt., Sen. Elizabeth Warren, D-Mass., and three of their Democratic colleagues on Wednesday introduced a bill that would allow disaster-torn Puerto Rico to significantly reduce the debilitating debt they say is blocking the U.S. territory’s recovery.
A group of state attorney general offices has urged a New York federal judge to reject Bank of America Corp.’s $22 million settlement resolving account holder claims that it improperly charged overdraft fees on debit card transactions with Uber, saying that the deal is unfair and gives Uber a “free ride.”
Massachusetts Gov. Charlie Baker signed a state budget Thursday totaling more than $41 billion with five days to spare in the legislative session, raising the state’s earned income tax credit and its dairy tax credit cap, with no other significant tax-related provisions highlighted by the governor.
2018 has proven to be a turning point for energy storage in the U.S. Affordable, reliable batteries, ambitious state capacity goals and a major policy shift from the Federal Energy Regulatory Commission have created an ideal environment for energy storage to grow at a fast rate, say Paul Kraske and Zahir Rahman of Skadden Arps Slate Meagher & Flom LLP.
Legal industry compensation practices are once again in the news as BigLaw firms continue to match the new high watermark of $190,000 for first-year associate salaries. The typical model of increasing associate salaries uniformly fails star associates, the firms they work for and, ultimately, the clients they serve, says William Brewer, managing partner of Brewer Attorneys & Counselors.
This year, the U.S. Attorney's Office for the District of Massachusetts has investigated several life sciences companies for their donations to independent copay assistance charities. As the list of investigations grows longer, life sciences companies should reassess their policies, procedures and monitoring regarding donations, say attorneys at Paul Hastings LLP.
While some may say it’s ironic, it’s also embarrassing and enraging that the very industry that offers anti-harassment training, policies and counsel now finds itself the subject of #MeToo headlines. The American Bar Association recommendation that will bring about the greatest change is the call to provide alternative methods for reporting violations, says Beth Schroeder, chair of Raines Feldman LLP's labor and employment group.
In a profession notoriously averse to change, it should come as no surprise that there is skepticism about the value of having attorneys perform nonbillable tasks. But U.S. law firms have slowly begun to incorporate knowledge lawyers into their operations — and the trend is likely to continue, says Vanessa Pinto Villa of Hogan Lovells.
Much ink has been and will be spilled over the merits and complexities of the lawsuits brought against opioid manufacturers by 23 state attorneys general. However, for any company engaged in a consumer-facing industry, the progress of the recent multistate investigation offers lessons on what to expect when subject to this type of inquiry, says Richard Lawson of Manatt Phelps & Phillips LLP.
For close observers of the Foreign Agents Registration Act, the June 8 release by the U.S. Department of Justice of over 50 FARA advisory opinions was a watershed. These opinions offer an unprecedented glimpse into how the FARA Registration Unit interprets the law, say Brian Fleming and Andrew Herman of Miller & Chevalier Chtd.
In the marijuana industry, there is ambiguity surrounding failing businesses because the product remains illegal under federal law. Brett Theisen of Gibbons PC identifies the credit risks associated with lending to, or working with, a marijuana business and highlights key state law solutions for both debtors and creditors.
The legal industry has already begun to feel the impact of anti-bribery and anti-money laundering requirements. When involved with cryptocurrency trading and remittance, law firms face more than the risk of being perceived as organizations that support money laundering practices, says John Reed Stark of John Reed Stark Consulting LLC.
Law firms are increasingly accepting cryptocurrency as payment for services. While this might seem innovative and forward-thinking, ironically it is much more of a throwback, says John Reed Stark of John Reed Stark Consulting LLC.