EQT Corp., led by Wachtell Lipton Rosen & Katz, will pick up Rice Energy Inc. for $6.7 billion in a cash-and-stock deal the Pennsylvania-based acquirer says will form an “unmatched” natural gas operating position, according to a Monday announcement.
When Philadelphia District Attorney Seth Williams goes to trial on corruption charges Monday, it will have been less than 13 weeks since he was indicted, a short lead time that observers say could hamstring the government and give Williams a spark of hope in an otherwise uphill battle.
A subsidiary of Venezuela’s state-owned oil company urged the Third Circuit on Thursday to cut it from Canadian mining company Crystallex’s suit accusing the oil company of orchestrating transfers to dodge a $1.39 billion arbitration award, saying the transferred property is immune because it belongs to a foreign country.
An ex-Pennsylvania attorney general facing prison time for leaking confidential material and lying about it to a grand jury sought to undercut her conviction Friday, telling an appeals court that the special prosecutors in her case had been vested with improperly broad power.
After more than three decades at the University of Iowa, the professor who quite literally co-wrote the book on antitrust law has moved to the University of Pennsylvania to add business school professor to his resume.
A Sunoco Inc. unit urged a Pennsylvania state judge on Thursday to allow an appeals court to review a recent decision clearing the way for a trial over claims that the company lacks authority to use eminent domain to seize land for its controversial Mariner East 2 pipeline project.
The former chief engineer at the Sheraton University Hotel in Philadelphia, who pled guilty to helping defraud the University of Pennsylvania of about $2.3 million through false billing, was sentenced to one year and one day in prison on Thursday.
Duane Morris LLP was accused in Pennsylvania state court on Thursday of sapping an ex-client for more than half a million dollars in fees as a pair of firm attorneys pursued civil rights and conspiracy claims against a northeastern Pennsylvania town that they should have known would result in no significant recovery.
Philadelphia plaintiffs firm Williams Cuker Berezofsky LLC was hit with a legal malpractice suit in Pennsylvania court Thursday over the alleged mishandling of claims by a former attorney who agreed to handle them on behalf of a woman who allegedly suffered a botched hysterectomy.
A Pennsylvania state court judge has agreed to tack another $2 million in legal fees and court costs onto a $58 million damages award against North River Insurance Co. in a dispute over coverage for asbestos-related product liability claims brought by MSA Safety.
Attorneys general throughout the U.S. have launched a joint investigation into how drugmakers might have contributed to the country’s opioid epidemic, the latest indication that pharmaceutical companies are being increasingly scrutinized as the crisis worsens.
A Pennsylvania state jury on Wednesday awarded a man $870,000 in a medical malpractice suit accusing a physician of removing the wrong testicle during surgery, finding that the doctor’s “reckless indifference” warranted punitive damages.
A former doctor who once ran two Philadelphia-area practices was sentenced to 25 years in prison Wednesday, six months after a jury found him guilty of running a pill mill and causing the death of a patient, the U.S. Department of Justice said Thursday.
A panel of appellate judges may have upheld Philadelphia’s controversial new tax on sweetened beverages Wednesday, but experts say the fight over the levy is unlikely to end without the Pennsylvania Supreme Court taking up the case to weigh in on the powers of local government in the state.
Thirteen Democratic and Republican state treasurers have urged U.S. Labor Secretary Alexander Acosta not to roll back the Obama administration’s rule to make retirement advisers put their clients’ interests before their own, calling the measure “essential” to protect investors.
The attorneys general of New York, Pennsylvania and 13 other states have issued a warning to e-commerce hosting company Aptos Inc. in response to its assertion to online retailers that they are under no duty to notify certain customers of a massive data breach, saying more customers need to be told their personal information was compromised.
Justice Ruth Bader Ginsburg discusses the value of oral arguments, advice for advocates, and the one thing lawyers do that irks her, in the second of two articles based on an exclusive interview.
A Pennsylvania federal judge ruled Tuesday that the owner of a painting company that has been cited multiple times for workplace safety violations cannot dodge charges that he knowingly discharged pollutants into the Susquehanna River during a $42 million bridge rehabilitation project.
A Pennsylvania federal jury on Wednesday heard opening arguments in a closely watched pay-for-delay suit accusing drugmaker Ranbaxy of violating antitrust laws by accepting a settlement with rival Cephalon that improperly delayed generic forms of the narcolepsy medication Provigil from the market.
The Pennsylvania federal judge overseeing the National Football League concussion settlement on Wednesday granted the special masters administering it "quasi-judicial" immunity from most claims pertaining to their duties in the case.
Given the perceived higher hurdles to class certification, it is likely that counsel for plaintiffs in securities cases will seek to recharacterize their claims as omission claims to take advantage of the 45-year-old Affiliated Ute presumption. In the Fifth Circuit, that will be a challenging task, say attorneys with Paul Weiss Rifkind Wharton & Garrison LLP.
While there are still very few district court decisions within the Ninth Circuit to have analyzed the relationship between the Affiliated Ute and the fraud-on-the-market presumptions of reliance since the U.S. Supreme Court’s 2014 Halliburton decision, plaintiffs are increasingly attempting to plead both theories, as demonstrated by several recent decisions, say Michele Johnson and Colleen Smith of Latham & Watkins LLP.
Every lawyer who’s handled a civil case in federal court knows about Rule 30(b)(6), governing deposition procedures. But for many real-world deposition dilemmas, the rule offers little guidance. Last year, an Advisory Committee on Civil Rules subcommittee began considering whether the rule should be amended. Now attorneys must advise the subcommittee how to proceed, says Frank Silvestri Jr. of Verrill Dana LLP.
In the 45 years since the U.S. Supreme Court's ruling in Affiliated Ute, the Seventh Circuit has cited it 145 times. The most significant of these decisions was the court's rejection of the “fraud created the market” theory as an extension of Affiliated Ute, says Julie Goldsmith Reiser of Cohen Milstein Sellers & Toll PLLC.
Over the last 45 years, Affiliated Ute has, in the Third Circuit, spawned primarily four lines of cases, each addressing a distinct issue raised by that ruling. The most vexing issue, particularly in cases that involve misrepresentations and omissions, is when the presumption applies and when it does not, says John Harnes of Chitwood Harley Harnes LLP.
As the number of states legalizing marijuana use continues to grow, the federal government maintains — and indeed perhaps may soon begin to strengthen — its stance of illegality. Therefore, employers will continue to face more issues and uncertainties, say Ruth Rauls and Jason Ross of Saul Ewing LLP.
Despite an increase in engagement with client feedback programs over the last 15 years, law firms — and their clients — have a way to go before realizing the maximum benefits such programs can deliver, says Elizabeth Duffy of Acritas US Inc.
The rebuttable presumption of reliance adopted by the U.S. Supreme Court 45 years ago in Affiliated Ute threatens to supersize the expanded basis for omission liability signaled by Leidos v. Indiana Public Retirement System, which the court will review next term, say attorneys with Murphy & McGonigle PC.
The U.S. Supreme Court has reduced the giant oak that is Rule 10b-5 to a stump with one withered branch — the narrow scope of liability under Rule 10b-5(b). The court must retrace its steps back to Affiliated Ute, which recently turned 45 and was the court's last decision before it adopted the false star Blue Chip Stamps, says Gary Aguirre, a former staff attorney at the U.S. Securities and Exchange Commission.
Most law firms today aren't using common security and data protection measures that other industries employ to protect sensitive data. Options like continuous data replication and backups have various pros and cons, but most importantly, law practices must understand the need for a two-tiered approach to data protection, says Jeff Ton of Bluelock LLC.