Three former Barclays PLC traders were part of a conspiracy to cheat the financial system that “tainted” the integrity of a key interest rate benchmark used to price trillions of dollars of financial products, prosecutors told a London jury on Wednesday.
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Thursday, January 17, 2019 Follow Law360

TOP NEWS

Ex-Barclays Traders 'Tainted' Euribor Rates, Court Told

Three former Barclays PLC traders were part of a conspiracy to cheat the financial system that “tainted” the integrity of a key interest rate benchmark used to price trillions of dollars of financial products, prosecutors told a London jury on Wednesday. Read full article »

Curious Jury Gets Answers From Pathologist In J&J Talc Trial

A pathologist fielded questions in a California courtroom Wednesday from jurors considering whether Johnson & Johnson baby powder contained asbestos that caused a dying woman’s cancer, explaining that the asbestos amounts found in the woman’s lung tissue and lymph nodes were too high to have come from ambient air. Read full article »

Opioid User Testimony To Be Key Factor In Mass. Insys Trial

The day before hundreds of potential jurors descend on a Boston courtroom for a closely watched criminal case accusing former Insys Therapeutics Inc. executives of bribing doctors to prescribe opioids, attorneys sparred Wednesday over what patients who took the drug can say during the 14-week trial. Read full article »

Mo. High Court Hits Pause On Looming J&J Talc Cancer Trial

The Missouri Supreme Court has granted Johnson & Johnson's last-minute bid to pause a trial on claims that asbestos in the pharmaceutical giant's talcum powder products gave 13 women ovarian cancer, issuing a stay days before jury selection was scheduled to begin in St. Louis. Read full article »

No Winner, No Loser In Steamboat Trademark Row

Two boat companies that had fought for years over claims they infringed each other's trademarks found out from a Delaware federal jury Wednesday that their entire fight was for nothing — no one's trademarks were infringed at all.  Read full article »

WHITE COLLAR

Ariad Exec’s Ex Gets 18 Months For Trading On Drug Info

The ex-husband of a former Ariad Pharmaceuticals executive was sentenced to 18 months in prison Wednesday for insider trades he made based on meetings his then-wife had with the U.S. Food and Drug Administration about the company's cancer drug. Read full article »

Platinum Judge Sees No Misconduct, But Raps Gov't 'Candor'

A Brooklyn federal judge on Wednesday rejected the latest request from several Platinum Partners LLP executives to dismiss a criminal fraud case against them, saying there wasn't enough proof to support the idea that prosecutors hid evidence or fabricated threats to witnesses. Read full article »

COMMERCIAL CONTRACTS

Dispute Over Ticket Autopricing Tech Goes Before NYC Jury

A Manhattan jury mulled Wednesday whether to award entrepreneur Shmuel "Sam" Sherman damages after his company accused a rival of poaching what Sherman calls revolutionary software that allows resale brokers to easily reprice inventory in the multibillion-dollar market for sports and entertainment tickets. Read full article »

PRODUCT LIABILITY

Jury Told Chemical Co. Must Pay For Worker's Asbestos Death

Counsel for the widow of a manufacturing plant worker who died of mesothelioma told a New Jersey jury during closing arguments Wednesday that asbestos supplier Union Carbide Corp. caused the "worst pain and suffering" possible and should be forced to pay damages to match. Read full article »

PERSONAL INJURY & MEDICAL MALPRACTICE

Mo. Supreme Court OKs $29M Med Mal Award, Adds Interest

The Missouri Supreme Court on Tuesday affirmed a jury's $28.9 million award in a suit accusing a hospital of failing to diagnose a woman's rare genetic disorder, which caused permanent brain damage and paralysis, and ruled that postjudgment interest was improperly denied by the trial judge. Read full article »

Mich. Atty Granted New Trial In Injury Referral Fee Fight

A Michigan appellate court said Tuesday improper jury instructions warrant a new trial in a suit accusing a firm of failing to pay a solo practitioner a $680,000 fee as part of a referral agreement in an auto collision suit that ended in a $10.2 million award. Read full article »

PEOPLE

King & Spalding Adds Gov't-Focused Partners In SF, DC

King & Spalding LLP is expanding its government-related practice groups with the addition this week of a former Georgia state legislator who recently helped screen judge candidates in filling vacancies on the bench, and a veteran U.S. Department of Justice prosecutor who sent corrupt judges to prison. Read full article »

EXPERT ANALYSIS

11 Military Leadership Principles To Build Winning Trial Teams

The “11 Principles of Leadership,” included in the Army Field Manual on Leadership in 1951, can easily be translated into strategies to build winning litigation and trial teams, says Astor Heaven of Crowell & Moring LLP. Read full article »

A Closer Look At CFTC's Loss In Market Manipulation Case

While the New York federal court's decision in U.S. Commodity Futures Trading Commission v. Wilson may embolden defendants in CFTC and Federal Energy Regulatory Commission enforcement matters, the circumstances surrounding it should continue to serve as a caution to market participants, say Michael Brooks and Robert Pease of Bracewell LLP. Read full article »

Arbitrators And Mediators Should Reflect Society's Diversity

Alternative dispute resolution providers have made great strides toward diversity, but recent statistics show there is still work to be done. There are certain steps ADR providers can take to actively recruit more women and minority candidates to serve as arbitrators and mediators, says James Jenkins of the American Arbitration Association. Read full article »

LEGAL INDUSTRY

Skadden To Pay $4.6M Over Ukraine Lobbying

Skadden Arps Slate Meagher & Flom LLP has settled claims by the U.S. Department of Justice over the firm's failure to register lobbying work for the Ukrainian government and agreed to pay more than $4.6 million in fees from the engagement, the DOJ announced on Thursday. Read full article »

Buckley Revamps Name, Leadership After Co-Founder's Exit

Financial services law firm Buckley Sandler LLP has shortened its name to Buckley LLP and reorganized its governance structure and leadership team, according to a news release Thursday, almost a year after one of its co-founders left the shop. Read full article »

King & Spalding, Ex-Atty Spar Over Experts In Firing Suit

King & Spalding LLP and a former attorney suing the firm for wrongful termination traded blows Wednesday in a flurry of filings seeking to discredit each other's expert witnesses, with King & Spalding saying one expert's estimate that the attorney suffered $21 million to $49 million in damages was not backed up by evidence. Read full article »

Law360's Weekly Verdict: Legal Lions & Lambs

Gibson Dunn, McGuireWoods and Sidley Austin top this week’s legal lions list with a Federal Circuit patent win for mobile phone companies, while Armstrong Teasdale was among the legal lambs after a court tacked interest onto a $29 million medical malpractice verdict against its client. Read full article »

Diversity's Next Step: Developing Minority Partners

The lack of minority partners comes at a high cost to firms, say attorneys at Lightfoot Franklin & White LLC, as they suggest several practical ways to tackle this problem. Read full article »

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