Fourteen firms will steer 12 initial public offerings that could surpass $2.5 billion in proceeds during the coming week, representing notable companies like private equity-backed BJ’s Wholesale Club Holdings Inc. and several life science, technology and e-commerce issuers, potentially closing the busiest month for IPOs in three years.
Ikea is facing another lawsuit over the death of a toddler underneath a Malm dresser after settling three earlier suits for $50 million, the parents' Philadelphia-based lawyers said Thursday.
A Pennsylvania appeals court ruled Friday that e-cigarettes and e-liquids are subject to the state Tobacco Products Tax Act’s 40 percent tax on tobacco products, regardless of whether the liquids have nicotine derived from tobacco.
In this week’s Taxation with Representation, Veritas-backed Verscend Technologies bought Cotiviti Holdings for $4.9 billion, Roche took over Foundation Medicine in a $2.4 billion deal, Baytex bought Raging River Exploration for $2.1 billion, and William Scotsman took over Modspace in a $1.1 billion deal.
A Philadelphia man has pled guilty to tax fraud charges in connection with skimming $500,000 in taxable proceeds from his insurance adjustment business, the U.S. Department of Justice said Friday.
The New Jersey Assembly has approved a bill that would prevent the state's governor from unilaterally withdrawing from an income tax agreement with Pennsylvania or any other state, spurred by a threat from the state's former governor.
Former Walmart assistant managers urged a Pennsylvania federal court on Thursday to reconsider its refusal to let them move forward as a class in a lawsuit alleging the megastore chain manipulated their job titles to keep from paying them overtime.
An assistant U.S. Attorney did not coach a nurse into changing her testimony during a deposition, the government told a Pennsylvania federal court on Friday, urging the court to deny the sanctions bid of a woman accusing the nurse of puncturing her eardrum.
Cohen Seglias Pallas Greenhall & Furman PC, which represents government contractors, corporate clients, midsize privately held businesses and construction companies, has added a former acquisition law specialist from the U.S. Army Judge Advocate General’s Corps as a partner in the government contracting practice in its Philadelphia office.
It's been one year since the Pennsylvania Supreme Court affirmed that the public's right to clean air and pure water was on equal footing with more fundamental concepts like the right to free speech, and experts say that judges are still grappling with how to apply the idea in high-stakes environmental litigation.
Modular space and portable storage firm Williams Scotsman on Friday said it will take over Pennsylvania-based rival ModSpace Corp. in a deal worth $1.1 billion, with Skadden Arps Slate Meagher & Flom LLP guiding the seller.
A nonmanaging member of defunct Nelson Levine de Luca & Hamilton LLC being sued with other firm colleagues by a former name partner for allegedly shorting him in the firm's breakup argued Thursday in Pennsylvania federal court that a motion by the partner to arbitrate the case is far too premature.
A former Philadelphia Eagles linebacker suing the Houston Texans over a career-ending injury on the team’s pocked and scored home field wants a court to order the Texans owner and a defensive end to sit for depositions under oath.
Kang Haggerty & Fetbroyd LLC has settled a lawsuit in Pennsylvania state court claiming that the firm helped a Philadelphia-area businessman go after the wife of his business partner with unsubstantiated claims that she was involved in a racketeering enterprise, according to a Wednesday court order.
The U.S. Securities and Exchange Commission on Thursday accused a Pennsylvania insurance agent of running a $1.27 million Ponzi scheme, using funds taken from investors to pay his own expenses instead of putting them in an index fund as he’d promised.
The Third Circuit has affirmed attorneys’ fees awarded to a siren maker sued by firefighters who claim they suffered hearing loss, ruling in a precedential decision that the firefighters’ failure to thoroughly vet the claims led to substantial legal costs before the case was dropped for good.
Pennsylvania Attorney General Josh Shapiro on Thursday said he struck a nearly $357 million deal to resolve two decades' worth of disputes, along with potential future fights, with a handful of tobacco companies over payments related to a 1998 master settlement agreement.
Kutak Rock LLP has nabbed a Philadelphia insurance litigator to bolster the firm's nationwide litigation practice group, which currently has more than 50 insurance attorneys.
The Third Circuit has determined that a former Ace American Insurance Co. vice president must arbitrate his claims he was fired for telling his supervisors the company was destroying documents that might become relevant in litigation, ruling he was bound by an arbitration agreement he signed when he was hired.
A Pennsylvania indie rock group named Church Girls has hit an identically named band with a trademark infringement suit in Florida federal court, saying the Florida group took its name, copied its album art and then called its members “egomaniacs” on Facebook for asserting their trademark.
There has been virtually no appellate guidance on the meaning and scope of the Defend Trade Secrets Act in the two years since it was enacted. Only four appellate panels have addressed the law, say Gregory Lantier and Thomas Sprankling of WilmerHale.
2018 has proven to be a turning point for energy storage in the U.S. Affordable, reliable batteries, ambitious state capacity goals and a major policy shift from the Federal Energy Regulatory Commission have created an ideal environment for energy storage to grow at a fast rate, say Paul Kraske and Zahir Rahman of Skadden Arps Slate Meagher & Flom LLP.
Pennsylvania's Commonwealth Court recently confirmed an arbitration award in favor of the Pennsylvania Insurance Commissioner against General Reinsurance Corporation. This decision rejects reinsurers' long-maintained argument that the acceleration of payment obligations by a cedent has no bearing on their own payment obligations, say Andrew Rothseid of RunOff Re.Solve LLC and Joseph Donley of Clark Hill PLC.
Legal industry compensation practices are once again in the news as BigLaw firms continue to match the new high watermark of $190,000 for first-year associate salaries. The typical model of increasing associate salaries uniformly fails star associates, the firms they work for and, ultimately, the clients they serve, says William Brewer, managing partner of Brewer Attorneys & Counselors.
While some may say it’s ironic, it’s also embarrassing and enraging that the very industry that offers anti-harassment training, policies and counsel now finds itself the subject of #MeToo headlines. The American Bar Association recommendation that will bring about the greatest change is the call to provide alternative methods for reporting violations, says Beth Schroeder, chair of Raines Feldman LLP's labor and employment group.
In consumer class action settlements, cash provides the class and the court evaluating a proposed settlement with a quantitatively measurable benefit. Noncash settlements require heightened scrutiny by the court, since they are generally worth less to consumers than cash, and may benefit defendants and class counsel more than class members, says retired judge Thomas Dickerson.
In a profession notoriously averse to change, it should come as no surprise that there is skepticism about the value of having attorneys perform nonbillable tasks. But U.S. law firms have slowly begun to incorporate knowledge lawyers into their operations — and the trend is likely to continue, says Vanessa Pinto Villa of Hogan Lovells.
In the year since the U.S. Supreme Court decided Bristol-Myers Squibb Co. v. Superior Court of California — limiting where plaintiffs can bring claims and curbing forum-shopping in mass tort litigation — courts have grappled with questions that the ruling did not address, and defendants have pursued jurisdictional defenses in class actions and federal cases that were not previously available, say attorneys with Eversheds Sutherland LLP.
Much ink has been and will be spilled over the merits and complexities of the lawsuits brought against opioid manufacturers by 23 state attorneys general. However, for any company engaged in a consumer-facing industry, the progress of the recent multistate investigation offers lessons on what to expect when subject to this type of inquiry, says Richard Lawson of Manatt Phelps & Phillips LLP.
For close observers of the Foreign Agents Registration Act, the June 8 release by the U.S. Department of Justice of over 50 FARA advisory opinions was a watershed. These opinions offer an unprecedented glimpse into how the FARA Registration Unit interprets the law, say Brian Fleming and Andrew Herman of Miller & Chevalier Chtd.