Massachusetts

November 19, 2015
BU Wins $13.7M Jury Verdict In IP Row With Electronics Cos.

A Massachusetts federal jury on Thursday decided that electronic companies Epistar Corp., Everlight Electronics Co. Ltd. and Lite-On Inc. owe almost $13.7 million to Boston University for willfully infringing a patent for semiconductor technology.
November 19, 2015
Mass. AG Hits Daily Fantasy Sports With Slate Of Regulations

Massachusetts Attorney General Maura Healey on Thursday proposed sweeping consumer protection-oriented regulations for the highly scrutinized, fast-growing daily fantasy sports industry, where the leading companies have already been deemed illegal gambling operations by Healey's New York counterpart.
November 18, 2015
Labaton Sucharow To Co-Head Biogen Investor Suit

A Massachusetts federal judge on Wednesday appointed Labaton Sucharow LLP and Bronstein Gewirtz & Grossman LLC lead counsel in a shareholder suit accusing Biogen Inc. of misleading investors over its revenue forecasts.
November 17, 2015
SEC Settles Cooper Tire Insider Trading Case

A Lynnfield, Massachusetts, man accused of insider trading on information obtained from a friend about the acquisition of Cooper Tire and Rubber Co. by India-based Apollo Tyres Ltd. has settled the claims with the U.S. Securities and Exchange Commission, according to filings Tuesday.
November 17, 2015
Reg A-Plus Reflects Lawmakers' Intent, SEC Tells DC Circ.

The U.S. Securities and Exchange Commission on Monday defended its new capital-raising rules, which are being challenged by Massachusetts and Montana in the D.C. Circuit, saying its Regulation A-Plus guidelines reflect Congress’ intent and adequately protect investors.
November 17, 2015
Mass. AG Backs FedEx Drivers In 1st Circ. Employment Row

The attorney general of Massachusetts urged the First Circuit on Tuesday to side with a group of FedEx drivers fighting to revive their proposed class action, backing the workers’ arguments that the shipping giant misclassified them as independent contractors and that the drivers should not have to pay certain expenses associated with their work.
November 16, 2015
Multimillion-Dollar Sports Betting Ring Busted In Mass.

Massachusetts Attorney General Maura Healey on Friday said that her office had indicted 33 people in connection with an illegal sports betting ring that allegedly generated $3 million in annual profits, and used an offshore website to keep the books.
November 16, 2015
As Self-Insured, Grocer Settled Claim On Time, 1st Circ. Says

Grocery store chain operator Supervalu Inc. is not an insurer and thus was not contractually obligated to settle the personal injury claims of a woman hit by a motorized cart at one of its subsidiary stores, the First Circuit ruled Friday.
November 16, 2015
Tribe Can't Build Martha's Vineyard Casino, Mass. Judge Says

A Native American tribe’s bid to build a casino on Martha’s Vineyard was quashed on Friday when a Massachusetts judge ruled that the tribe had not established enough governmental authority over its settlement lands on the island.
November 13, 2015
IRS Owes $234M To Sovereign In Tax Row, Judge Rules

A Massachusetts federal judge on Friday ruled that Sovereign Bancorp can recover some $234 million that it paid in taxes, interest and penalties to the federal government over an international securities transaction, finding the deal had a business purpose outside its tax benefits.
November 13, 2015
Wyeth Rejects Claim That It Promoted Off-Label Prescribing

Pfizer’s Wyeth Pharmaceuticals Inc. on Thursday told a Massachusetts federal court that a whistleblower can’t prove the drugmaker encouraged physicians to prescribe its acid reflux drug off label, as part of a larger False Claims Act suit accusing the company of overcharging Medicare and Medicaid.
November 13, 2015
American Realty Affiliate Hit With Suit Over Faked Votes

The Massachusetts securities regulator has accused a broker-dealer affiliated with American Realty Capital of faking proxy votes ARC needed ahead of a planned $378 million deal with Apollo Global Management LLC that fell apart earlier in November.
November 13, 2015
Ex-Pharma Exec Says Indictment Too Thin To Prep Defense

The indictment charging a former Warner Chilcott president with conspiring to pay kickbacks to physicians is too general, barring him from preparing a proper defense, he told a Massachusetts federal court Thursday.
November 12, 2015
Goodwin Brings Back Transaction Law Whiz After Harvard Gig

Goodwin Procter LLP has brought a transactional pro back to the firm as a partner on its team serving institutional investors and asset managers after her stint with the corporation responsible for managing Harvard University’s endowment.
November 12, 2015
Pomerantz Named Lead Counsel In $121M ConforMIS IPO Suit

A Massachusetts federal judge on Tuesday approved Pomerantz LLP as lead counsel and Block & Leviton LLP as liaison counsel for a putative investor class accusing artificial-joint maker ConforMIS Inc. of hiding problems with its knee joint replacement systems ahead of its $121 million initial public offering.
November 10, 2015
Danish Energy Co. Plans 1,000-MW Mass. Offshore Wind Farm

Danish energy giant DONG Energy AS confirmed Monday that it plans to build a wind farm off of Massachusetts' coast capable of generating up to 1,000 megawatts of electricity, putting to use the offshore wind leasing rights it purchased earlier this year.
November 6, 2015
Sprint Barred From Shutting Off Low-Income Users’ Internet

A Massachusetts judge on Wednesday temporarily blocked Sprint Corp. from shutting down at midnight on Thursday a network that services as many as 300,000 low-income and disadvantaged users across the country, ruling that a group of nonprofits challenging the shutdown had shown that it will likely succeed.
November 5, 2015
EMC Wants Fed. Shareholder Suits Over $67B Dell Deal Tossed

EMC Corp. on Wednesday told a Massachusetts federal court that it should stay or dismiss a pair of proposed class actions filed by shareholders over the company’s $67 billion sale to Dell, saying there are nine cases pending in state courts already.
November 4, 2015
Tax Partner Rejoins Holland & Knight From Dentons

Holland & Knight has reclaimed a partner with 15 years of experience in tax credit transactions and who has been involved, often as lead transaction counsel, in investment projects involving multiple sources of equity and debt, such as schools, supermarkets and other community facilities, the firm said on Wednesday.
November 4, 2015
States, Municipalities To Defend EPA's Clean Power Plan

A coalition of states, cities and counties looking to defend the U.S. Environmental Protection Agency's Clean Power Plan on Wednesday intervened in a D.C. Circuit case challenging the agency action, arguing they have an interest in preventing climate change from hurting their residents.

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