A Mississippi federal jury on Friday sided with Johnson & Johnson unit Janssen Pharmaceuticals Inc. and Bayer HealthCare Pharmaceuticals Inc. in a bellwether case brought by a woman claiming the blood thinner Xarelto caused gastrointestinal bleeding that required her hospitalization, according to the plaintiff’s and defendants’ representatives.
Activist investor and CVR Energy chair Carl Icahn resigned Friday as President Donald Trump’s special regulatory adviser in the wake of conflict of interest questions related to his renewable-fuel market activities and ownership in insurance giant American International Group.
A Texas federal jury Friday found the former CEO of ArthroCare Corp. guilty of wire fraud and securities fraud for his role in a scheme to inflate the medical device company’s sales and revenue numbers, which cost investors $750 million, after his first conviction was vacated and gave way to a retrial.
The Electronic Privacy Information Center has lost its bid to secure the release of President Donald Trump’s tax returns, with a D.C. federal judge holding Friday that the president needs to give his consent or Congress has to sign off, but either way, there’s nothing the court can do.
A former assistant director at the United Auto Workers Chrysler Department was charged Friday in Michigan federal court with violating the Labor Management Relations Act by allegedly accepting money and other gifts from Fiat Chrysler Automobiles US LLC employees.
The U.S. Securities and Exchange Commission on Friday dropped its lawsuit against two European former derivatives traders at JPMorgan Chase & Co. involved in the $6 billion “London Whale” debacle about a month after federal prosecutors threw in the towel on the criminal case.
Banca IMI Securities Corp., a subsidiary of Italian bank Intesa Sanpaolo SpA, will pay more than $35 million to settle U.S. Securities and Exchange Commission charges that BISC received American shares of foreign companies without owning the underlying securities, the SEC said Friday.
A Sixth Circuit panel on Friday shot down a challenge to Foreign Account Tax Compliance Act measures from Sen. Rand Paul, R-Ky., and others, ruling that the group can’t show they were actually harmed by the law.
Two tutoring company executives, a union official and a software engineer on Friday denied their roles in a $5 million insider trading scheme, in which a former Bank of America vice president is accused of doling out confidential merger information he obtained from the bank.
President Donald Trump on Friday announced that he will elevate U.S. Cyber Command to a top-level military command focused on cyberspace operations, with U.S. Department of Defense brass also considering whether to separate Cybercom from the National Security Agency.
A North Carolina federal judge on Thursday nixed six claims brought by a proposed class of students alleging a recently shuttered for-profit law school misled them about its accreditation status, but said the students can amend their three remaining claims.
A Houston man who ran five home health care providers through which he operated a scheme that defrauded Medicaid and Medicare out of more than $17 million was sentenced to prison Thursday for his role in the crime and was ordered to pay the government restitution.
Bank of America NA and Deutsche Bank AG have agreed to pay a collective $65.5 million to settle with investors over a purported scheme to rig the SSA bond market, according to settlement proposals filed Thursday.
Former Foley & Lardner LLP partner Walter “Chet” Little and a business associate on Thursday denied charges of insider trading, in which they are accused of using confidential merger information about the law firm’s clients to make about $1 million in illicit trading profits.
The attorneys general of 13 states reached a $192 million settlement with Aequitas Management LLC on Thursday over claims the private equity fund schemed with defunct Corinthian Colleges Inc. to skirt government lending rules and keep federal loans flowing to the vulnerable students the for-profit school operator allegedly preyed on.
Two psychologists accused of creating and implementing a controversial torture program for the Central Intelligence Agency agreed Thursday to settle the suit in Washington federal court for an undisclosed amount.
Three months after it was shot down by the Ninth Circuit, a case that aims to prove that “google” has become a generic verb that cannot be protected by trademark law is headed for the U.S. Supreme Court.
A Massachusetts man accused of an insider trading scheme involving pharmaceutical company stock got another tongue-lashing Thursday from a federal judge after yet again contacting federal authorities with criticisms of their case.
Mylan will pay $465 million to resolve allegations that it ripped off the government by underpaying rebates for the EpiPen, federal authorities said Thursday, revealing for the first time that competitor Sanofi first blew the whistle in a False Claims Act suit.
A group of public pension funds on Thursday sued Bank of America Corp., JPMorgan Chase & Co., Goldman Sachs Group Inc. and two other big banks alleging that they colluded to prevent modernization of the $1.7 trillion stock loan market to prevent losing out on massive fees.
David Coale, leader of the appellate practice at Lynn Pinker Cox & Hurst LLP, shares his insights into what works — and what does not — when setting up and maintaining a legal blog.
Legal incubators serve as an important bridge to practice and a crucial step toward aligning the incentives of new lawyers with the needs of their clients. They may even pose a threat to the traditional law school model itself, and that's not necessarily a bad thing, says Martin Pritikin, dean of Concord Law School at Kaplan University.
If the media is going to cover your law firm’s crisis, they are going to cover it with or without your firm’s input. But your involvement can help shape the story and improve your firm’s image in the public eye, says Michelle Samuels, vice president of public relations at Jaffe.
Illinois is moving forward with legislation that will bolster its reputation for having the nation’s strictest data privacy laws. But the pending bills might stifle e-commerce while providing little relief to consumers, say Debra Bernard and Daniel Burley of Perkins Coie LLP.
In the final article in this series on proposed innovations to the American jury trial, Stephen Susman, Richard Lorren Jolly and Dr. Roy Futterman of the NYU School of Law Civil Jury Project sum up the improvements they believe the U.S. jury system desperately needs.
When you look at your client through the "survival circuit" lens, what first appeared as an emotional mess is now valuable information about what is important to them, what needs have to be met to settle the case, or what further clarity your client requires before moving forward, say dispute resolution experts Selina Shultz and Robert Creo.
To be sure, allowing jurors to discuss evidence before final deliberations proved to be among the least popular of our recommended innovations. But empirical evidence belies these fears, say Stephen Susman, Richard Lorren Jolly and Dr. Roy Futterman of the NYU School of Law Civil Jury Project.
Having embraced the notion that the right space can reinforce the right firm culture, law firm leaders have been evaluating real estate primarily for its physical properties. However, it's hard to be collegial, even in the coolest of in-house coffee bars, if your cost structure is untenable, says Craig Braham of Advocate Commercial Real Estate Advisors LLC.
Only a handful of the largest U.S. law firms are led by women. Here, in their own words, are perspectives from Shook Hardy & Bacon Chair Madeleine McDonough, Crowell & Moring Chair Angela Styles, Morgan Lewis & Bockius Chair Jami Wintz McKeon and Goodwin Procter Chair Emeritus Regina Pisa.
Despite more focus and investment, the numbers continue to show little progress in advancing women to the top tiers of firm leadership. Considering the irreversible nature of the transformation of the market for top talent, it is time to start experimenting and innovating from the core, rather than from the periphery, say Anusia Gillespie and Scott Westfahl of Harvard Law School.