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.
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.
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.
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.
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.
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.
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.
A coalition of attorneys general on Tuesday urged the D.C. Circuit to uphold a District of Columbia federal court's ruling that temporarily paused a federal agency's policy of blocking detained immigrant girls from accessing abortion services, saying such a policy violates the rights of both the states and women.
Prosecutors asked a Manhattan federal jury on Monday to find former biotech executive Patrick Muraca guilty on charges of fraud and deception, saying he used over $100,000 of investor funds for personal outlays and was dishonest in his communications with them and the FBI.
A special master who suggested a team of lawyers overbilled a class of 1,300 institutional State Street clients by at least $10 million has no authority to chime in when the law firms criticize the findings, Labaton Sucharow LLP and Thornton Law Firm LLP argued Monday.
It’s been a little over five years since the U.S. Supreme Court issued its landmark Actavis decision that found payments made by brand-name drugmakers to generics makers in patent settlements can raise antitrust concerns. But uncertainty over which pay-for-delay deals actually are illegal continues and recent lower court rulings have cut both ways. Here, Law360 looks at some of those recent rulings and where pay-for-delay litigation stands.
A former hedge fund manager behind bars for stealing from investors in a Ponzi-style operation can never again work in the securities industry and will satisfy his $7.9 million in civil liability when he pays down a parallel $10.5 million criminal restitution, a Massachusetts federal judge decided Monday.
American DG Energy Inc. urged a Massachusetts federal judge Monday to reject a bid to certify a class of investors who claim they were shortchanged by ADGE’s merger with another green energy company, arguing that the proposed class is “radically overbroad" and can't be certified.
Exxon Mobil Corp. on Friday told the Second Circuit that a federal judge wrongly tossed its suit challenging climate change probes launched by attorneys general from Massachusetts and New York, saying its claims that the prosecutors are targeting the company's climate views easily clear the bar for plausibly alleging constitutional violations.
Executives at Acacia Communications Inc. moved forward on Friday with a settlement to end shareholder derivative suits claiming the leaders of the Massachusetts fiber optics company sat on information about a decline in market share and thousands of defective modules.
A pair of former employees of Boston’s Water and Sewer Commission have filed an explosive suit in state court alleging they were subject to racist taunts, sexual harassment and gender discrimination and retaliated against when they filed a complaint.
As investigations by New York and Massachusetts attorneys general continue, the U.S. Securities and Exchange Commission on Thursday dropped its probe into Exxon Mobil Corp’s. climate change disclosures, the energy giant said.
Keryx Biopharmaceuticals Inc. has refused to accept a judge's decision that a proposed class action validly alleged that the company misled investors to believe it had mitigated supply chain risks before its stock tumbled due to a production delay of Auryxia, a treatment for symptoms of renal disease.
The First Circuit on Thursday vacated a summary judgment from a Puerto Rico district court for Liberty Mutual Insurance Co., ruling the insurer may still be on the hook for claims against a hospital administrator seeking coverage for a medical malpractice suit.
Labaton Sucharow LLP's failed attempt to have the First Circuit remove the judge presiding over a messy $75 million fee fight in State Street's fraud case highlights the dangers of a rare and risky play with a high chance of backfiring and further frustrating a judge the firm already believes to be biased, experts say.
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.
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.
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.
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.
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.
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.
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.
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.
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.
The blockbuster e-discovery cases, with big sanctions and bigger controversies, have been few and far between this year. But that doesn’t mean the legal questions around e-discovery have been answered. Let’s take a closer look at three cases worthy of our attention, says Casey Sullivan, an attorney at discovery technology provider Logikcull.