Investors who purchased Theranos Inc. stocks through a third party can sue the company for securities fraud, and the investment firms that brokered the deals may be on the hook for fraud too, a California federal judge said on Tuesday.
A California woman who sued The Neiman Marcus Group LLC over allegedly misleading price tags at their Last Call line of stores saw her putative class action revived on Tuesday when a Ninth Circuit panel agreed that a lower court prematurely tossed her case.
Harman International Industries Inc. agreed Wednesday to pay $28.25 million to settle shareholder allegations that the automotive technology company inflated its stock price ahead of an ultimately failed private equity merger, putting an end to the litigation after nearly a decade.
Former Retrophin Inc. CEO Martin Shkreli and his ex-Katten Muchin Rosenman LLP attorney will be tried separately, a Brooklyn federal judge ruled Wednesday, citing a “a serious risk” that Shkreli wouldn’t receive a constitutionally fair trial in a joint proceeding.
A Pennsylvania state judge Tuesday threw out a legal malpractice suit accusing Duane Morris LLP of botching a client’s appeal in a case over the collapse of a $175 million deal to acquire a submarine fiber optic network.
The parent company of Fox News cut ties with star news anchor Bill O’Reilly on Wednesday amid allegations that he sexually harassed multiple female colleagues over a period of years, making him the second high-profile Fox News figure to be shown the door since July, when former CEO Roger Ailes departed in the wake of his own harassment controversy.
The Pennsylvania Superior Court on Wednesday upheld a $55 million jury verdict against Honda Motor Co. for allegedly ignoring a seat belt defect that a driver claimed led to his becoming paralyzed in a rollover, determining a trial court judge did not err in her jury instructions.
The U.S. Supreme Court on Wednesday said that Colorado’s policy of not refunding financial penalties paid by criminal defendants who get their convictions overturned unless they establish innocence in a separate civil proceeding violates the due process clause of the U.S. Constitution.
The New York Police Department is viewing the death of New York associate appellate judge Sheila Abdus-Salaam as “suspicious,” confirming Wednesday that although there is no evidence of criminality, more information is needed to uncover the cause and events leading up to her death.
President Donald Trump promised major changes to the North American Free Trade Agreement Tuesday in a departure from the administration’s preliminary plans for the deal and also expressed frustration over his requirement to consult with lawmakers under Trade Promotion Authority.
A Massachusetts real estate broker and aspiring attorney was sentenced to a year in jail Tuesday for forging a verdict slip in an earlier larceny conviction to make it appear as if he had been found innocent.
Criminal defendants who appeal a sentence and are later ordered to pay restitution to their victims must file a second appeal notice when the amount of restitution is handed down if they want to challenge it, the U.S. Supreme Court ruled Wednesday.
Gibson Dunn can’t represent McDermott Will & Emery LLP in legal malpractice litigation over allegedly helping one sibling wrest control of $50 million from other heirs to Allergan Inc.’s founder, a California appeals court ruled in a split decision Tuesday, finding Gibson Dunn hadn’t followed ethical obligations over a privileged email.
The U.S. Environmental Protection Agency on Tuesday asked the D.C. Circuit to delay next month’s oral arguments in an appeal challenging the agency’s rule limiting mercury and other toxic emissions from coal-fired power plants, saying the rule is being re-evaluated under the Trump administration.
A Delaware chancery judge on Tuesday denied a bid by Lynn Tilton of Patriarch Partners LLC to halt a trial over the board makeup of three companies whose ownership is disputed with the private equity firm’s so-called Zohar funds, ruling her request would only increase the litigation's complexity.
President Donald Trump's Tuesday executive order ramping up enforcement of "Buy American" laws is likely to create significant headaches for federal contractors, increasing their compliance costs, potentially restricting their supplier pools and likely leading to increased bid protests and False Claims Act disputes.
A New York federal judge on Tuesday further narrowed a potential putative class action alleging big banks conspired to manipulate Euribor, the euro interbank offered rate, after reconsidering his prior opinion that allowed two investors to proceed with claims against JPMorgan and Citigroup.
An ex-AIG Inc. employee’s claim that the insurance giant misled the government and overvalued itself by $100 million during bailout talks doesn’t rise to the level of “material,” the Second Circuit ruled on Tuesday, affirming a lower court’s decision that an extra $100 million wouldn’t have made a dent in the $25 billion 2009 bailout.
The Ninth Circuit in a published order Tuesday said the lawyer of the co-founder of a Montana ski resort must pay opposing counsel's attorneys’ fees and costs totaling about $200,000 for bringing a “frivolous and bad-faith appeal” of a twice-rejected bid to disqualify a bankruptcy judge.
The U.S. Supreme Court ruled Tuesday that Coventry Health Care of Missouri has a right to recoup benefits paid to a federal employee injured in a car crash, holding that a provision in the Federal Employees Health Benefits Act preempts a Missouri law barring insurers from seeking reimbursement of payments to policyholders.
Why did minor mechanical issues bring down two airplanes, while a catastrophic engine explosion did not bring down a third? The answers lie, in part, in research conducted by NASA in the wake of those crashes and, more recently, by Google. And those answers can help organizations build better teams to meet today’s legal industry challenges, says Nicholas Cheolas of Zelle LLP.
Like everything else, the art of negotiation starts by having a conversation. It’s about being respectful, finding common ground, knowing what you want and, most importantly, listening. A conversation between two lawyers can be complicated at best, but by employing a few techniques and tactics, it doesn’t have to be that way, says Marc Siegel of Siegel & Dolan Ltd.
Lawyers make hundreds of decisions during the course of advising a client, consummating a transaction or litigating a case. In this new column, dispute resolution experts Bob Creo and Selina Shultz explore the theory, science and practical aspects of how decisions are made in the legal community.
What we don’t know is whether the teaching and practice of law are undergoing massive structural changes or we’re still digging out from the worst economic collapse since the Depression. But what we do know is that the missions of the most forward-looking law schools and law firms are converging in ways that were unimaginable 10 years ago, says Randy Gordon, a partner at Gardere Wynne Sewell LLP and executive professor of law at Te... (continued)
The importance of authenticity is magnified when trying a case outside your home jurisdiction. While using references to local landmarks or history can help make arguments relatable, adopting local expressions or style in an attempt to ingratiate oneself with the judge and jury almost always backfires, say William Oxley and Meghan Rohling Kelly of Dechert LLP.
The most successful Am Law 200 law firms have evolved from being partner-run to being run by a group of highly skilled professionals reporting to firm shareholders. The data collected from our recent survey indicates this model is generally conducive to increased profitability, says Anita Turner, senior director at Colliers International.
The best outside counsel think like the client. That includes understanding the client’s perspectives and goals with regard to reaching a settlement — because “good results” mean different things for different clients. Outside counsel must ask themselves the right questions, and know the answers, to shape a client-focused settlement strategy, say Kate Jackson of Cummins Inc. and Patrick Reilly of Faegre Baker Daniels LLP.
Nerves were high on the day of the trial. While technically client interests were not at stake, our reputations were still on the line. We were not only presenting our case in front of our newly acquainted colleagues, but also for partners at our firm, expert witnesses, federal judges and in-house counsel — potential employers and clients, say attorneys with Dentons, sharing their recent mock trial experience.
A recent survey found that nearly two-thirds of Am Law 200 firms are now using data analytics, compared to only about a tenth of regional and boutique firms. Yet the exploding market for data analytics technology in business is making these productivity tools available for any size matter or firm, say Christopher Paskach of The Claro Group and Douglas Johnston Jr. of Five Management LLC.
For decades, law firms have taken on considerable expense to acquire or rent opulent office space, often with the intention of signaling seriousness and reliability to their clients. But more recently, solo practitioners and established firms alike have started breaking tradition, says Philippe Houdard, co-founder of Pipeline Workspaces.