Kessler Topaz Meltzer & Check LLP and its investor client on Friday secured the roles of lead counsel and plaintiff in a proposed securities class action against Tesaro Inc. blaming the pharmaceutical company for stock losses after regulators issued a national safety alert on its antiemetic cancer drug.
Five firms will guide initial public offerings projected to surpass $3.9 billion during the week of May 7, led by Axa Equitable Holdings Inc., the U.S. division of French insurance and asset management firm Axa SA, which could price the biggest U.S. IPO since 2014.
A Massachusetts attorney argued against his own skills as a lawyer and asked the state appellate court on Friday to let him off the hook for disappearing in the middle of a foreclosure case because his client would have lost her home even if he had done his job.
A Massachusetts federal judge Thursday shut down a proposed class action brought by Fidelity retirement plan participants that accused the investment manager of improperly partnering with an online robo-adviser in violation of the Employee Retirement Income Security Act of 1974.
A former vice president for State Street Corp. was arrested Friday and charged in Massachusetts federal court with conspiring with another, already indicted former company executive to secretly pump up commissions, defrauding an insurance company out of $800,000.
Nike filed suit against Puma in a Boston federal court on Thursday, claiming the sportswear competitor is infringing patents that cover trendy knitted shoes as well as two key sole technologies.
Shire PLC is trying to overbill a generic competitor with a $2.38 million fee request after winning a patent infringement suit over its popular hyperactivity treatment Adderall XR, Shire’s competitor told a Massachusetts federal judge late Thursday.
Two nonpartisan policy groups on Thursday sued the U.S. Department of Justice and the U.S. Department of Homeland Security over a January report on “protecting the nation from foreign terrorist entry,” claiming the Trump administration published disinformation based on unrevealed and otherwise questionable data.
A group of states and an environmental organization on Wednesday asked the National Highway Traffic Safety Administration not to block an increase in penalties for automakers that don’t meet fuel efficiency standards, while industry groups backed the agency’s decision to nix the increase.
Three Massachusetts federal judges have recused themselves within the past six months from a massive putative class action accusing General Electric Co. of stuffing its pension plan with underperforming company-controlled funds, with two recusals occurring this week in the wake of the suit's expansion.
A federal judge decided Thursday that a former Massachusetts state senator fighting corruption charges can retain the counsel of a man prosecutors believe had a hand in concealing the legislator’s alleged malfeasance, but the lawyer must give the government certain emails, texts and files.
A division of Canadian energy provider Enbridge Inc. is looking to put an end to an ongoing squabble with a Massachusetts town so it can build a federally approved natural gas compressor station there, according to a lawsuit filed Thursday.
A former Cambridge hedge fund manager tearfully apologized to the court and his victims Thursday before a Massachusetts federal judge sentenced him to six years behind bars for admitting to stealing $10.5 million from duped investors.
Venture-backed Inspire Medical Systems Inc., which makes a device to treat sleep apnea, on Wednesday raised $108 million in an enlarged initial public offering that priced at the top of its range, while cybersecurity firm Carbon Black Inc. raised its IPO target.
Federal prosecutors told a Massachusetts jury Wednesday that a California attorney masterminded two separate pump-and-dump schemes that unloaded millions of shares of stock he owned on unsuspecting investors.
Scott & Scott Attorneys at Law LLP and Robbins Arroyo LLP will work side-by-side to lead a shareholder derivative lawsuit filed against the board of directors at Acacia Communications Inc. after stock prices plummeted last year, a Massachusetts federal judge said in an order published Wednesday.
A former federal prosecutor who was responsible for trying the Boston Marathon bombing case and has a background in investigation and white collar crimes has joined Snell & Wilmer LLP from the U.S. Department of Justice, the firm said Tuesday.
Massachusetts’ top appellate court said Wednesday that a public entity such as the Massachusetts Bay Transportation Authority can terminate a procurement contract for the sole purpose of saving money, breaking with federal precedent and setting a new one for the commonwealth.
LPL Financial agreed Wednesday to pay U.S. states and territories about $500,000 each for an expected total of $26 million after state securities regulators found evidence the major broker-dealer has for 12 years been selling stock that was never properly listed with government watchdogs.
Opioid makers and distributors, including Purdue Pharma and McKesson Corp., were slapped with first-of-their-kind proposed class actions in five federal courts Wednesday alleging that by fueling the nation’s opioid crisis, they have made health care costs go up and health insurance premiums skyrocket.
It’s difficult to say whether an attorney’s social etiquette has any impact on the verdict outcome, but the fact that jurors continually tell us about counsel’s irksome behaviors suggests that, at the very least, these behaviors distract jurors from the issues on which they should be concentrating, says Christina Marinakis, director of jury research at Litigation Insights.
Despite the Trump administration's desire to shut down the Legal Services Corp., thankfully the budget that Congress passed and the president signed into law last week has restored $410 million of funding to the legal aid organization. An unlikely brief for preserving LSC may be found in the quirky Denzel Washington film "Roman J. Israel, Esq.," says Kevin Curnin, immediate past president of the Association of Pro Bono Counsel.
Over the last few years, there has been a significant increase in litigation and investigations related to corporate social responsibility issues. Activity has increased not only in the United States at the federal, state and local level, but also in several other countries. Proceedings and investigations have involved many different statutes and theories of liability, say attorneys with Ropes & Gray LLP.
In order to enable lawyers to best meet cybersecurity challenges, state bars should pass rules that adopt a cybersecurity framework to be developed by a national committee, says Shaun Jamison, associate dean of faculty and professor at Purdue University's Concord Law School.
As the quantity and quality of corporate social responsibility disclosure increases, there is also movement toward greater comparability. Larger companies should benchmark their disclosures against global peers and evolving global standards, since over time, enhancements in foreign disclosure practices are likely to drive disclosures by many U.S. companies, say attorneys with Ropes & Gray LLP.
To many young attorneys, becoming an equity partner shows a firm's long-term commitment, meaning job security and a voice in important firm matters. However, the industry has changed and nowadays it may not be better to enter a new firm as an equity partner, says Jeffrey Liebster of Major Lindsey & Africa.
Increasingly, corporate social responsibility must be on the radar screen of in-house counsel. Investors are paying more attention to environmental, social and governance issues, and a growing number of shareholder proposals on these subjects should be expected, say attorneys with Ropes & Gray LLP.
In his new book, "Without Precedent: Chief Justice John Marshall and His Times," professor Joel Richard Paul ably explains more than a dozen of Marshall’s most significant opinions, which comes as no surprise. What is a surprise — a pleasant one — is the book's readability, says Judge Thomas Hardiman of the Third Circuit.
2018 may be the year that corporate social responsibility compliance becomes a core duty of in-house legal departments. Not only have legal requirements proliferated in recent years, but new disclosure requirements and more regulation are on the horizon, say attorneys with Ropes & Gray LLP.
For law firms structured as corporations, a lower maximum corporate tax rate and repeal of the corporate alternative minimum tax are good news. But many law firms are pass-through entities, so deduction limitations mean they'll see less benefit from the new tax law, says Evan Morgan of CPA and advisory firm Kaufman Rossin PA.