McKesson Corp. has agreed to pay a record $150 million penalty to settle U.S. Department of Justice allegations that the pharmaceutical drug distribution giant violated the Controlled Substances Act by filling millions of orders for drugs, including highly addictive opioids, without sufficient anti-abuse safeguards, the department announced Tuesday.
A former “The Apprentice” contestant who publicly accused Donald Trump of having made unwanted sexual advances toward her filed a defamation lawsuit against the president-elect in New York court Tuesday for asserting in Twitter posts and campaign rallies that she concocted the allegations.
President Barack Obama on Tuesday commuted the sentence of Chelsea Manning, the soldier convicted of leaking a trove of classified information to the website WikiLeaks, according to media reports.
The Second Circuit on Tuesday overturned a federal district judge’s finding that a $1.5 billion out-of-court restructuring proposed by for-profit college operator Education Management Corp. violated a Depression-era law meant to protect bondholders, saying the payment terms governing the bonds at issue were not modified.
Aircraft engine manufacturer Rolls-Royce agreed to pay authorities from the U.S., U.K. and Brazil over $800 million to end bribery and corruption allegations from across the globe, the U.S. Department of Justice said on Tuesday.
The Federal Trade Commission accused Qualcomm on Tuesday of using its dominance over the sale of semiconductors for mobile devices to wrangle higher royalties and anti-competitive licensing terms from cellphone makers for its standard-essential patents.
Facebook CEO Mark Zuckerberg on Tuesday told a Texas federal jury the company had investigated a video game developer's $2 billion claim that its popular Oculus virtual reality platform was built on stolen technology and concluded those claims were false.
Two former Dewey & LeBoeuf LLP executives have shot back at a bid by the Manhattan district attorney’s office to limit cross-examination of a cooperating witness in the upcoming retrial over alleged accounting fraud, saying they have a right to explore whether the witness is “shading his testimony to curry favor.”
An Illinois federal judge on Tuesday signed off on a plan that lifts Caesars’ underwater operating unit out of Chapter 11 bankruptcy two years after the subsidiary filed for the court’s protection, saying it couldn’t keep up with its $18 billion in debt.
The U.S. Supreme Court on Tuesday rejected a bid by banks seeking to shut down an antitrust lawsuit from investors alleging widespread rigging of a key benchmark interest rate that a lower court had earlier brought back to life.
British American Tobacco plc won over U.S. tobacco company Reynolds American Inc. with a $49 billion takeover offer, paving the way to unite cigarette brands Newport, Kent and Pall Mall and create a top contender in the global tobacco market.
France-based Essilor will merge with Italy’s Luxottica, the owner of Ray-Ban and Oakley, in an all-stock deal that stands to create a $49 billion eyewear giant with strengths in both production and distribution, according to a Monday announcement.
Moody’s Corp. said Friday it has agreed to pay $864 million in a settlement with the U.S. Department of Justice and 21 states over the ratings agency’s work on residential mortgage backed securities and other products whose crashes led to the financial crisis.
The Manhattan district attorney’s office pushed back Friday at requests by attorneys for two former Dewey & LeBoeuf LLP executives for wide latitude in their cross-examination of the star cooperating witness in the upcoming retrial over alleged accounting fraud at the defunct law firm, saying the defense aims to mislead the upcoming jury.
The U.S. Supreme Court agreed Friday to hear a case that challenges whether naturalized U.S. citizens may be stripped of their citizenship in criminal proceedings based on immaterial false statements they made when applying for naturalization.
A Morgan Stanley investment advisement subsidiary on Friday agreed to dole out $13 million to end the U.S. Securities and Exchange Commission’s allegations that it charged about 150,000 clients inadvertently heightened advisory fees due to billing system and administrative errors.
Congress passed the bill that would frame the repeal of the Affordable Care Act on Friday, after the House voted through a measure that would let Republicans undo President Barack Obama's signature health care law down the road without any Democratic votes.
The U.S. Supreme Court on Friday agreed to review the Sixth Circuit’s finding that it has jurisdiction to hear challenges to the U.S. Environmental Protection Agency and Army Corps of Engineers’ controversial Clean Water Rule.
The U.S. Supreme Court on Friday agreed to consider whether the National Labor Relations Board is correct in its interpretation that arbitration agreements are illegal under federal labor law if they contain class action waivers, setting the stage for a showdown on an issue that has divided circuit courts.
The U.S. Supreme Court agreed Friday to review whether the U.S. Securities and Exchange Commission is subject to time limits when seeking ill-gotten gains, taking up a New Mexico investment adviser’s appeal of an issue that has split the circuits.
Many organizations are interested in finding electronic discovery partners who offer tantalizingly low prices for electronic discovery services. However, unforeseen gaps, lax security practices, ignorance of global practices and delayed deliverables can all add up to a surprisingly large final cost, says Michael Cousino of Epiq Systems.
As critical as lawyers are to society, they are reported to be the most frequently depressed occupational group in the United States. In response to the inherently stressful nature of the practice of law, more and more lawyers are turning to an ancient contemplative practice called “mindfulness,” says Jennifer Gibbs of Zelle LLP.
Blockchain is essentially a computerized public ledger that can apply to almost anything that a person might save into a database or spreadsheet. This versatile technology may enhance the legal industry by providing an improved record keeping system, setting up "smart contracts" and tracking intellectual property and land records, say R. Douglas Vaughn and Anna Outzen of Deutsch Kerrigan LLP.
Since 2008, the legal relationship dynamic has consistently evolved, leading clients to demand more "value" for services received. In 2017, investment in and adoption of new technology and prioritizing cybersecurity will lead to an increase in billable hours and shifts in realization rates, says Haley Altman of Doxly.
There are a number of concrete, practical steps that law firms can take to address the high cost of defending legal malpractice claims, both before and after a claim is made, says Richard Simpson, a partner with Wiley Rein LLP who serves on the ABA Standing Committee on Lawyers’ Professional Liability.
Ever consider applying for a judicial appointment in California? Get the lay of the land from Judge George Bird of the Los Angeles Superior Court and Kimberly Knill, a senior appellate court attorney for the California Court of Appeal. Additionally, hear what several recent appointees to the LA Superior Court thought of the judicial selection process.
When trial lawyers fail to recognize the unique challenges faced by in-house counsel, it jeopardizes not only the outcome of the case, but also the opportunities for future representation. These few simple strategies are hardly rocket science, but they are too often neglected, says Matthew Whitley of Beck Redden LLP.
Women leave law firms for many of the same reasons men do, but also face challenges including headwinds with respect to assignment delegation and social outings, as well as potential disruptions if they choose to have children. Firms can increase investment in talent management and improve retention and engagement of women attorneys, says Anusia Gillespie of Banava Consulting.
We are privileged to be part of an employment market that hosts employees from various generations. While “differences” may imply inherent conflict, intergenerational differences can actually be used to an advantage for organizations — especially law firms, say Najmeh Mahmoudjafari, founder of ImmigraTrust Law, and William Martucci of Shook Hardy & Bacon LLP.
It is increasingly necessary for law firms to implement strategies to improve efficiency, staffing and value to meet client needs. Haley Altman, CEO and co-founder of Doxly Inc., discusses how to successfully leverage analytical tools and emerging technology to increase profitability.