A Massachusetts federal judge on Monday ruled that Donville Kent Asset Management Inc. must face investors' claims that the Canadian portfolio manager partnered with an admitted fraudster and allowed him to steal $2.6 million from them in order for the firm to skirt securities regulations and gain American clients.
Cash-strapped cosmetics manufacturer BioChemics Inc. opposed receivership over the weekend and asked a Massachusetts federal judge for a few more days to present a better plan to come up with $17 million for misleading investors, which it has owed the U.S. Securities and Exchange Commission for more than three years.
Long hours. Financial stress. Unpredictable clients. These lawyers say they've found their calling.
The First Circuit on Monday questioned both sides in a suit involving a group of pharmaceutical companies — including Allergan, Bausch and Lomb, Merck and Pfizer — and a putative class saying the companies should change their eyedrop dispensers' design to make them less wasteful, suggesting guidance from the U.S. Food and Drug Administration may help settle the dispute.
A bipartisan group of attorneys general from California, Illinois, Massachusetts, New York, New Jersey and 16 other states wrote to congressional lawmakers on Monday to call for increased efforts to protect the integrity of the electoral process and prevent acts such as Russia's meddling in the 2016 presidential election.
If Rhode Island is forced to cooperate with a grand jury subpoena as part of an investigation by federal prosecutors, it would "obliterate" attorney-client privilege for government employees, the state told the First Circuit on Monday during oral arguments in a matter that could break new ground in the relationship between public employees and government lawyers.
Being a lawyer is not easy. But among private practice attorneys, in-house counsel and government lawyers, who's feeling the greatest pressure in finances and stress? Law360's 2018 Lawyer Satisfaction Survey provides a snapshot.
Law360's 2018 Lawyer Satisfaction Survey shows that when it comes to career and overall well-being, one type of firm is a lawyer's happy place — at least relatively speaking.
Facebook Inc. has suspended social media analytics firm Crimson Hexagon from using its platform, it announced Friday, saying it would look into whether the company’s work under contracts with federal agencies and a contract with a firm allegedly tied to the Russian government violate its user data policies.
Boston-based State Street Corp. on Friday said it agreed to buy privately held Charles River Development for $2.6 billion in cash, a deal the bank said will help it provide asset managers and owners with a “global front-to-back platform.”
The Massachusetts Supreme Judicial Court temporarily suspended a former Nutter McClennen & Fish LLP trusts and estates partner in Cape Cod from practicing law after he copped to misappropriating funds from the law firm and trusts he managed.
A Massachusetts federal judge on Friday allowed a woman to move forward with a proposed class action claiming an insurance plan from Harvard Pilgrim Health Care Insurance Co. that covers medical expenses at nursing homes must also cover mental health care at her son's behavior-correcting summer camp.
Attorneys general from nine states asked the U.S. Food and Drug Administration on Thursday to ban menthol tobacco products, saying the flavoring serves to attract new smokers.
Keryx Biopharmaceuticals Inc.’s bid to escape a proposed shareholder class action claiming it inflated its stock price by hiding a drug’s supply chain problems was rejected by a Massachusetts federal judge, who however agreed to trim an allegation based on the company's statements about its financial prospects.
Venture capital-backed Replimune Group Inc., represented by Morgan Lewis & Bockius LLP, on Friday picked up $101.5 million from its initial public offering as the cancer-focused biotechnology firm finished above its $15-per-share offer in its first day on the market.
GlaxoSmithKline argued Thursday that it cannot be held liable for birth defects caused after pregnant women were prescribed its postoperative nausea drug Zofran because the U.S. Food and Drug Administration has since rejected any scientific correlation between the medication and defects.
The attorneys general for New York, California and other states sued the U.S. Environmental Protection Agency on Thursday for suspending a rule that limited the number of remanufactured, heavy-duty trucks that could be sold, a decision issued on Scott Pruitt's last day as agency administrator.
A former investment adviser from Cape Cod, Massachusetts, stole more than $3.3 million from her clients through a variety of schemes, including forging withdrawal requests, forging wire and check requests and tricking a client into withdrawing money from a retirement account, the U.S. Securities and Exchange Commission said Thursday.
The guardian of the minor daughter of the late New England Patriots tight end Aaron Hernandez asked a Pennsylvania federal court Wednesday to reverse the decision to join her claims to the NFL concussion multidistrict litigation, saying her claims have a different basis than the MDL ones.
Dozens of students who took classes at Harvard Law School with President Donald Trump’s U.S. Supreme Court nominee, D.C. Circuit Judge Brett Kavanaugh, wrote a letter to the Senate Committee on the Judiciary on Thursday lauding his intellectual rigor and "gracious" personality.
"Uncivil Warriors: The Lawyers' Civil War," by Peter Hoffer, is a new book about the involvement of lawyers on both sides in the American Civil War. The discussion is enlightening and often fascinating, but falls short in several key areas, says Federal Circuit Judge Evan Wallach.
It should come as no surprise that state securities administrators have boosted their cryptocurrency enforcement efforts. Because while cryptocurrency promoters can find easy prey in today’s excitable retail investor marketplace, initial coin offerings and digital trading platforms are also easy to surveil and easy to charge, says John Reed Stark of John Reed Stark Consulting LLC.
Connecting with potential prospects is now more challenging due to the EU General Data Protection Regulation, meaning that law firm microsites, blogs and social media will become more valuable than ever. The firms that deploy them strategically will increase their relative visibility and accelerate the rebuilding of their opt-in distribution lists, says Stephan Roussan of ICVM Group.
In Oliveira v. New Prime, the U.S. Supreme Court faces the question of whether a trucking company can enforce an arbitration clause in its independent contractor agreement with its driver. The repercussions of a decision limiting the binding effects of arbitration clauses would be felt throughout the trucking industry, says Robert Campobasso of Wilson Elser Moskowitz Edelman & Dicker LLP.
The U.S. Supreme Court’s decision in Murphy v. National Collegiate Athletic Association was focused on sports betting but could be construed as conferring substantially more power on states in general, on issues including gun control, marijuana legalization and sanctuary cities, says Cory Lapin of Manning Gross & Massenburg LLP.
As the Judicial Panel on Multidistrict Litigation heads to Chicago for its May 31 hearing session, Alan Rothman of Arnold & Porter observes the panel’s golden anniversary with a retrospective look at its origins in the enactment of the MDL statute in April 1968, and reviews its most recent hearing session held in Atlanta on March 29.
The growth of litigation funding has only increased the controversy surrounding it. Looking to move beyond the rhetoric for and against the practice, attorney and investment analytics expert J.B. Heaton, of J.B. Heaton PC and Conjecture LLC, attempts an objective analysis of the underlying economics of the litigation funding arrangement.
Courts are acknowledging a shifting consumer preference toward electronic mediums. Proposed changes to Rule 23, scheduled to take effect at the end of this year, will officially provide for the use of electronic notice in class actions — a change that could save parties a significant amount of money, say Brandon Schwartz and Maggie Ivey of Garden City Group LLC.
Today's female lawyers stand on the shoulders of several generations of pioneers. Here, historian Jill Norgren explains how the status of women in the legal profession has changed since the 1870s.
Litigants who proffer data obtained from social networking sites like Facebook, Twitter and Instagram must authenticate that data before it will be admitted as evidence. Attorneys with Pepper Hamilton LLP examine decisions from Pennsylvania and other jurisdictions to determine whether courts are imposing a more demanding standard for social media data than other documentary evidence.