In this week's Taxation With Representation, Wyndham sold its European vacation rental business to Platinum Equity for $1.3 billion, LyondellBasell bought A. Schulman for $2.25 billion, Hoffman-La Roche proposed buying Flatiron Health for $1.9 billion, and Charles River Laboratories acquired MPI Research for $800 million.
A National Labor Relations Board judge ordered a New Jersey hospital to pay a total of about $60,000 to a dozen workers who lost their jobs when it closed its obstetrics unit, paying the workers a fraction of the more than $300,000 the NLRB’s general counsel had sought over the hospital’s failure to negotiate the closure with a union.
A recent New Jersey Supreme Court decision denying unemployment benefits to a nurse who never informed her employer she was leaving due to medical reasons seemed to invite changes in the law, with the justices questioning why workers aren’t required in all cases to at least ask for accommodations before seeking out another job.
A hedge fund owner was found guilty Thursday in New Jersey federal court of defrauding two investors out of about $4 million and spending most of those funds on what prosecutors said was a lavish lifestyle that included a $1 million home and a roughly $100,000 diamond ring.
A fake attorney has been convicted in Pennsylvania federal court of running a bogus nationwide law practice out of his New Jersey home and defrauding more than 100 victims from around the world, authorities announced on Wednesday.
A New Jersey judge has ruled a DNA mutation that increased a woman’s breast cancer risk is a “pre-pre-existing condition” that cannot be used as evidence of a “precancerous condition” by her doctor, who is defending himself in a malpractice trial for an alleged misdiagnosis of breast cancer that led her to get a double mastectomy.
Wyndham Worldwide Corp. has reached a deal to sell its European vacation rental business to U.S. private equity shop Platinum Equity for about $1.3 billion as the hospitality giant looks to focus on its core operations, the companies said Thursday.
In this monthly series, legal recruiting experts Amanda Brady and Amy Mallow of Major Lindsey & Africa interview law firm management from Am Law 200 firms about how they are navigating an increasingly competitive business environment. The second conversation is with Allison Friend, chief human resources officer for Hogan Lovells LLP.
A former pharmaceutical sales representative on Wednesday admitted to organizing a $45 million scheme to rip off private and federal insurers by persuading their plan participants to bill them for compounded drugs that weren’t medically necessary, the New Jersey U.S. Attorney’s Office said.
A New Jersey federal bankruptcy judge on Tuesday ordered an inspection of electronic devices used by Trenk DiPasquale Della Ferra & Sodono PC and two former firm attorneys for discovery purposes in a lawsuit alleging the firm and others enabled unlawful and wasteful conduct at a defunct Newark water agency.
A New Jersey federal judge on Wednesday sentenced two Russian nationals to federal prison terms for their roles in a $300 million worldwide cyberattack that targeted more than a dozen major corporate networks, including those of NASDAQ and Dow Jones & Co., and compromised more than 160 million credit card numbers.
A Pennsylvania appeals court on Wednesday refused to revive claims aimed at forcing TD Bank to pay back Levy Baldante Finney & Rubenstein PC after a former partner fraudulently endorsed and cashed a string of checks totaling more than a quarter million dollars.
The Third Circuit on Tuesday affirmed the 6½-year sentence of a Philadelphia financial planner convicted of pilfering $400,000 from investors to buy a bar that later went bankrupt, saying the lower court was correct in finding he’d lied during the bankruptcy proceedings.
A New Jersey appeals court on Wednesday said a utility affiliate could not force arbitration of its dispute with a company backed by private equity firm Blackstone under a purported contract for the $17.1 million sale of solar renewable energy credits, finding the parties never entered into a binding agreement.
The Third Circuit on Wednesday vacated a 46-month prison sentence for a former Simpson Thacher & Bartlett LLP managing clerk convicted over his role in a $5.6 million insider trading scheme, on the same day that a district court judge reduced the civil penalty sought by the U.S. Securities and Exchange Commission from $2 million to $25,000.
The New Jersey Supreme Court will review an appeals court’s decision that a malpractice complaint against Borrus Goldin Foley Vignuolo Hyman & Stahl PC was rightly dismissed because the suit should have been filed as a counterclaim in previous litigation, according to a judiciary notice made public Monday.
A New Jersey state judge on Tuesday ordered a fellow jurist’s former boyfriend to testify at her trial on charges of hindering his apprehension when he was wanted for armed robbery, declaring invalid his assertion of his constitutional privilege against self-incrimination.
A New Jersey hedge fund owner accused of stealing $4 million from two investors and buying luxury items, including a $1 million home and a roughly $100,000 diamond ring, did so by “lying and stealing,” a federal prosecutor told a jury Tuesday as closing arguments in the criminal case against Nicholas Lattanzio commenced.
The number of securities class actions investors filed against life sciences companies dramatically increased in 2017, reaching a record-high 88, according to a report recently released by Dechert LLP.
The receiver for a pair of New Jersey MRI businesses and investors sued Fox Rothschild LLP and those businesses' founders on Tuesday, accusing the founders of fraud and a long-running scheme to squander investments and enrich themselves.
Multidistrict litigation is an ever-expanding driver of product liability litigation, but when the MDL process runs its course there is often still a trial to be had, and there are strategic and practical decisions to consider once a case has been remanded. Brandon Cox and Charissa Walker of Tucker Ellis LLP offer tips on how to navigate the remand process.
As litigation funding becomes more widespread, greater complexity and variability in funding deals are to be expected. All claimants should consider certain key questions on the economics of single-case funding when considering or comparing funding terms, says Julia Gewolb of Bentham IMF.
Given the operational and security risks involved, and the substantial digital asset values transacted, the rise of distributed ledger technology and smart contracts will create new opportunities and responsibilities for transactional lawyers, say attorneys with Potter Anderson Corroon LLP.
Law firms claim they create client teams to improve service. Clients aren’t fooled, describing these initiatives as “thinly veiled sales campaigns.” Until firms and client teams begin to apply a number of principles consistently, they will continue to fail and further erode clients’ trust, says legal industry coach Mike O’Horo.
2017 was a busy year in the evolving landscape of preemption in pharmaceutical cases. And the interplay and potential collision between state law duties and federal regulatory requirements raised in the cases decided last year will continue to evolve in 2018, says Connor Sheehan of Dunn Sheehan LLP.
Because courts have not modernized as quickly as companies like Amazon, Tesla and Apple, Americans are becoming increasingly dissatisfied, but technological innovations may be able to help Americans access their due process, says Stephen Kane of FairClaims.
Counsel representing victims of Ponzi schemes should note that the Tax Cuts and Jobs Act eliminates the theft tax loss provisions of the Internal Revenue Code for tax years after 2017. The time to act is now, before this important tax benefit goes away, says Kevin Diamond of Rico Murphy & Diamond LLP.
In a national survey of 378 small law firms, partners ranked client referrals as the most important means of business development. Yet studies reveal that while professional services providers obtain most new clients from existing client referrals, their best new clients — the ones providing the largest pool of investable assets — overwhelmingly come from “centers of influence,” says Frank Carone, an executive partner at Abrams Fensterman.
Courts are divided — and the U.S. Supreme Court has yet to rule — on whether the conspiracy theory of personal jurisdiction is proper under due process requirements. But it is reasonable to expect that sooner or later the high court will narrow the permissible reach of this theory, says John P. “Jack” Figura of Norton Rose Fulbright.
Lawyers who have left the traditional practice for perceived greener pastures are many. But the circumstances surrounding broadcast journalist Bob Woodruff’s departure are unique. Like none I’ve ever heard, says Randy Maniloff of White and Williams LLP.