UBS Financial Services Inc. was slapped with a whistleblower suit in New Jersey federal court on Wednesday by a former executive claiming he was fired for a bogus reason after he told the Federal Industry Regulatory Authority about how a coworker facilitated the misuse of an elderly client’s funds.
Credit Suisse may sell more than $3 billion worth of stock in its Swiss business, private equity-backed sandwich chain Pret A Manger is readying for a New York IPO, and Royal Dutch Shell is in discussions to sell its last remaining asset in California.
A judge on Wednesday approved a roughly $1.1 million settlement between a defunct Newark, New Jersey, water agency and an insurer over the coverage of mismanagement claims against former agency board members, including U.S. Rep. Donald M. Payne Jr., D-N.J., and U.S. Sen. Cory Booker, D-N.J., whose dismissal victory over the claims was being challenged.
A New Jersey federal judge on Wednesday approved a $250,000 settlement to resolve a medical malpractice suit accusing a federally funded health clinic of failing to provide information about a patient’s pregnancy resulting in a baby born with Down syndrome, generally referred to as a “wrongful birth” suit.
A New Jersey woman who allegedly got improper help in her custody battle from a judge who wasn’t involved in her case told a judicial ethics panel Wednesday that while she formerly served as the jurist’s unpaid intern, the two weren’t close and she never asked for the assistance in her family court dispute.
The Delaware Riverkeeper Network on Wednesday shot back at efforts by the U.S. Army Corps of Engineers and a Kinder Morgan Inc. unit to deny the environmental group’s bid to halt construction of the company’s Pennsylvania pipeline project until the appeals court weighs in, saying it would be irreparably harmed without such a stay.
The New Jersey Appellate Division on Wednesday revived a suit against Smigel Anderson & Sacks LLP over claims that a partner's letter during a separate divorce action ultimately derailed a property sale, saying a trial court improperly tossed the case on jurisdictional and other grounds without examining the full extent of the Pennsylvania firm's work in New Jersey.
A New Jersey federal judge tossed a proposed class action alleging the terms of cosmetics company Lush’s website violate state law by trying to skirt duties owed to consumers, holding Wednesday that the act doesn't cover the shopper leading the suit because she didn’t read the conditions and hasn’t shown they harmed her.
The Third Circuit Wednesday revived a class action suit claiming Merck failed to warn patients about the risk of its osteoporosis drug Fosamax causing irregular hip fractures, saying the drugmaker must prove to a jury federal regulators blocked the warning.
Atlantic City, New Jersey, firefighters bracing for salary reductions and other contract changes proposed by a state fiscal monitor got a reprieve Tuesday when a judge stayed the cuts pending the union’s appeal of another judge’s previous order greenlighting them.
A U.S. Army employee was charged Wednesday with accepting more than $150,000 in bribes from two individuals in exchange for his assistance with securing contracts for renovation projects at military facilities in New Jersey, acting U.S. Attorney William E. Fitzpatrick announced.
A D.C. federal judge on Wednesday dismissed an environmental group's suit claiming the Federal Energy Regulatory Commission's pipeline approval process unconstitutionally favors the energy industry, saying there is no evidence that FERC is biased.
The U.S. Supreme Court ruled Wednesday that the use of so-called structured dismissals to end Chapter 11 cases must be narrowed, holding that a settlement that effectively wiped out employee claims against a trucking company but paid more junior creditors impermissibly sidestepped the U.S. Bankruptcy Code's creditor priority.
The New Jersey Supreme Court has agreed to review an appellate panel decision reviving a civil rights claim against Spring Lake, New Jersey, over its failure to properly review a resident's appeals of zoning permits issued to the owners of a neighboring property.
The Third Circuit on Tuesday ordered a new trial for a former Delaware River Port Authority worker who claimed he was fired for taking leave under the Family and Medical Leave Act, issuing a precedential decision that established the standard of proof for such claims by holding that direct evidence of retaliation wasn’t necessary.
Both of New Jersey’s U.S. senators have sent a letter to the Federal Energy Regulatory Commission expressing concerns that the proposed 110-mile PennEast Pipeline project, set to run through parts of the Garden State and Pennsylvania, poses potential environmental impacts that need to be investigated further.
New Jersey lawmakers are decrying New York’s effort to assert greater investigatory control over the bistate Port Authority, arguing that the latter state’s proposal to establish its own inspector general undermines the authority of the transportation agency’s current inspector general.
The New Jersey Supreme Court on Monday agreed to review the Appellate Division's invalidation of a Civil Service Commission rule eliminating the competitive job advancement examination required for certain job titles after finding the Legislature didn't overstep its bounds by vetoing it.
Levi & Korsinsky LLP moved in New Jersey federal court Monday to become lead counsel in a case alleging that a women’s health care company led investors to believe its study for a low-dose birth control patch would result in U.S. Food and Drug Administration approval despite the patch not meeting industry standards.
Philadelphia District Attorney Seth Williams on Tuesday was hit with a federal indictment for allegedly accepting gifts and favors from two unidentified business owners in exchange for an appointment as a special adviser, a promise to intervene in a criminal case and other official actions.
A multidistrict litigation can be a sound and efficient way of managing a mass tort, or it can be an unwieldy disaster. A recent decision by the Judicial Panel on Multidistrict Litigation, denying a plaintiffs’ motion for centralization in the Proton-Pump Inhibitor Products Liability Litigation, shows that some MDLs are more trouble than they're worth, says Stephen McConnell of Reed Smith LLP.
The past year has seen the momentum turn in favor of mutual fund advisers in the current wave of “excessive-fee litigation.” The New Jersey district court's recent opinion in Kasilag v. Hartford is insightful both for what it found with respect to Hartford and for its potential application to the more than 20 other pending cases, say attorneys with Skadden Arps Slate Meagher & Flom LLP.
Determining where a company’s data is stored for purposes of venue is a relatively new issue not resolved in current case law. Traditionally, courts have focused on the location of the relevant server. But in this age of the cloud, with multiple and redundant servers enhancing access and security, we argue that the place where data is managed and controlled is the proper venue, says Richard Reice of Hoguet Newman Regal & Kenney LLP.
Although courts have not definitively interpreted what confidential information a biosimilar manufacturer must disclose to a reference product sponsor if it wishes to engage in the patent dance, future biosimilar litigants can reduce risk and increase benefits by noting issues raised in Biologics Price Competition and Innovation Act litigation thus far, say Will Orlady and Tasha Francis of Fish & Richardson PC.
The New Jersey Supreme Court's recent decision in Givaudan Fragrances Corporation v. Aetna Casualty and Surety Company represents a big win for insureds, as it confirms that post-loss claims have value and may be transferred, says Rachel Mongiello of Cole Schotz PC.
The Third Circuit's recent ruling in Class 8 Transmission Indirect Purchaser Antitrust Litigation — agreeing with the district court’s denial of class certification — gives insights into the intricate legal and economic issues that indirect purchaser plaintiffs and defendants must grapple with when litigating the class certification issue, say Stefan Meisner and Ashley McMahon of McDermott Will & Emery LLP.
What can you do if faced with the government argument that a lesser sentence for your client would depreciate the seriousness of the offense and promote disrespect for the law? In my recent interviews with federal judges in Nevada, Massachusetts and New Jersey, they all agreed: Demonstrate that your client is essentially a good person and rehabilitatable, says criminal defense attorney Alan Ellis.
The most successful Am Law 200 law firms have evolved from being partner-run to being run by a group of highly skilled professionals reporting to firm shareholders. The data collected from our recent survey indicates this model is generally conducive to increased profitability, says Anita Turner, senior director at Colliers International.
The best outside counsel think like the client. That includes understanding the client’s perspectives and goals with regard to reaching a settlement — because “good results” mean different things for different clients. Outside counsel must ask themselves the right questions, and know the answers, to shape a client-focused settlement strategy, say Kate Jackson of Cummins Inc. and Patrick Reilly of Faegre Baker Daniels LLP.
Republican party leaders have long said they believe Medicaid is fiscally unsustainable and a spending cap is necessary to fix its finances. The American Health Care Act, introduced by Republican House leadership last week, finally puts those ambitions into official legislative language, says Miranda Franco of Holland & Knight LLP.