Former Morgan Lewis & Bockius LLP chairman Howard Schecter is joining Reed Smith LLP as a senior mergers and acquisitions partner, the firm announced Monday.
An XTO Energy Inc. shareholder has ignited a putative class action accusing the oil and natural gas provider of orchestrating a $41 billion all-stock transaction with Exxon Mobil Corp. that failed to adequately compensate XTO shareholders for the company’s assets.
Eleven Northeast and Mid-Atlantic states have agreed to develop a regional low carbon fuel standard program to reduce greenhouse gas emissions from transportation fuels.
A federal judge has granted preliminary approval to what could be a $600 million settlement of product liability claims filed by homeowners who bought organic roof shingles from CertainTeed Corp. that allegedly cracked and failed prematurely.
The past year taught all too many lawyers that nothing recedes like success, yet for the top echelon of competition practices 2009 proved a year of plenty, replete with both front-page mergers and major litigation victories.
With major financial reform clearing the U.S. House of Representatives in December, corporate finance attorneys will be tracking similar legislation in the Senate and keeping tabs on how a handful of proposals at the U.S. Securities and Exchange Commission will affect their clients in 2010.
Product liability attorneys may be waiting to see how preemption issues play out in the lower courts after the U.S. Supreme Court's long-awaited ruling in Wyeth v. Levine, but that will hardly be the only case of interest in 2010 as the Florida tobacco litigation is heating up and product liability filings are increasing in the wake of tougher consumer product safety laws.
In 2010, employment attorneys will be keeping an eye on two cases before the California Supreme Court that could impact future overtime class actions, in addition to several major U.S. Supreme Court cases involving Title VII, arbitration and employee privacy.
The U.S. Supreme Court has already heard several of the term's key business cases — chief among them the Bilski patent law case — but other major cases have yet to be argued, and some that are just blossoming in federal circuit courts may make their way to the high court in 2010. Law360 takes a look at a few of the cases on appellate lawyers' radar screens this year.
For Law360’s top product liability defense teams, consumer fraud suits, forum shopping, suits claiming injuries to children and infants, and populist outrage aimed at high-powered companies turned out to be the biggest challenges of 2009.
If they had authority over Congress and the U.S. Supreme Court, product liability attorneys said they would ask for federal standards for product liability litigation, including clarity on preemption; a law mandating a prima-facie showing of general causation and a statute to rein in punitive damages; and an overhaul of the Consumer Product Safety Improvement Act.
Environmental groups PennEnvironment and the Sierra Club are considering a challenge to a federal judge's recent decision to dismiss their lawsuit against an RRI Energy Inc. subsidiary over pollutants discharged from a coal-fired power plant into Pennsylvania's Conemaugh River.
Facing a potentially costly overtime action, Rite Aid Corp. has asked a federal judge to stay the proceedings so the national drugstore chain can challenge a ruling that a newly certified class of assistant store managers meets legal requirements for similarity.
A federal appellate court has vacated a district court's decision certifying a class in a suit accusing Schering-Plough Corp. and its fiduciaries of misleading its employees about the value of its own stock, causing them to invest their pensions in securities that ultimately lost tens of millions of dollars in value.
Merck & Co. Inc. subsidiary Schering Corp. has ignited the latest round of litigation over its cholesterol drug Vytorin, hitting Mylan Pharmaceuticals Inc. with a patent infringement suit following the rival drugmaker's filing of an abbreviated new drug application for a generic version of the drug.
Consumers have filed a proposed antitrust class action accusing Comcast Corp. of orchestrating an illegal tying arrangement by forcing digital voice customers to pay an additional fee to rent a specialized modem.
There should be more flexibility in the length of time for oral argument. Many cases cannot be addressed in 15 minutes, says Allen Hirsch, a partner in the litigation practice of Arnall Golden Gregory LLP who focuses on appellate practice, among other things.
The Federal Home Loan Bank of Pittsburgh’s suit against Moody’s Investors Service Inc., The McGraw-Hill Cos. Inc. and JPMorgan Securities Inc. regarding their allegedly overly rosy investment outlook for a $100 million mortgage-backed security will proceed in state court, a federal judge ruled Monday.
Boehringer Ingelheim International GmbH has moved to dismiss two antitrust suits brought by rival Mylan Inc. and direct buyers that accuse the generics maker of knowingly prosecuting an invalid patent for Parkinson's drug Mirapex, arguing that the suits fail to meet pleading standards under Twombly.
A federal judge has given final approval to a settlement valued as high as $530 million between Aviva USA and hundreds of thousands of individuals who claim they purchased fraudulently marketed annuities.