Five more banks, including Morgan Stanley, on Friday reached settlements totaling $111.2 million with investors in the wide-ranging suit accusing the world’s largest banks of rigging foreign exchange rates, bringing total relief in the case to more than $2.1 billion.
Wal-Mart Stores Inc. asked a California federal judge Friday to deny a $20 million fee request by lawyers who won a $60.8 million wage judgment against the retailer on behalf of a class of truckers, saying plaintiffs’ attorneys had “jerry-rigged their fee request” and should only get $2.8 million.
Wells Fargo will reimburse $80 million to car loan borrowers who were wrongly charged by the bank for insurance, it said late Thursday.
U.S. District Judge Valerie E. Caproni expressed doubt Friday over the assertion by King & Spalding LLP that it fired a senior associate because he failed to turn in time sheets and business plans on time, in his suit claiming he was shown the door for reporting an ethics breach.
The D.C. Circuit on Friday vacated part of a U.S. Environmental Protection Agency rule that set the levels of renewable fuel that must be blended into gasoline below targets called for by Congress, finding the EPA wrongly considered consumer-side constraints in making its decision.
A New Jersey state appeals court on Friday revived more than 2,000 cases in consolidated litigation alleging that Hoffmann-La Roche Ltd.'s acne medication Accutane caused consumers to develop Crohn's disease, saying a trial court improperly barred testimony from plaintiffs' experts.
Senate Republicans early Friday failed to pass legislation to repeal core provisions of the Affordable Care Act, the latest and most striking setback for the GOP’s tumultuous repeal effort.
Jurors weighing the fate of Martin Shkreli heard closing arguments Thursday in the government's securities fraud case against the controversial “pharma bro,” with the prosecution claiming his businesses were built on a web of lies and the defense saying no investors were defrauded.
Sens. Patrick Leahy, D-Vt., and Mike Lee, R-Utah, on Thursday stepped up their long-running efforts to update the Electronic Communications Privacy Act, floating a proposal that would require warrants for access to emails and location data and ease gag orders that prevent service providers from divulging these requests.
The Federal Circuit said Thursday a Regeneron Pharmaceuticals Inc. patent for a genetically modified mouse was unenforceable because of the biotechnology company’s inequitable conduct at the patent office, upholding a lower court’s decision.
U.S. military policy on transgender service members remains unchanged, despite tweets from President Donald Trump on Wednesday indicating otherwise, the chairman of the Joint Chiefs of Staff told senior military leaders Thursday, according to published reports.
The Federal Circuit on Thursday revived a trademark dispute between the widow and son of late NASCAR driver Dale Earnhardt, calling an earlier ruling dismissing the case “deficient.”
A Manhattan federal jury on Thursday convicted Chinese real estate moneyman Ng Lap Seng of bribing two former United Nations diplomats, finding he engaged in a massive illegal effort to grease the wheels for a luxe expo center in Macau.
The federal government slapped digital currency exchange BTC-e with a $110 million fine and charged both the exchange and one of its operators with handling payments related to criminal activity like the hack against bitcoin exchange Mt. Gox, a move the U.S. Treasury Department on Thursday called its first action against a foreign money-services business.
House Republicans have given up on their controversial border adjusted tax plan, which was heavily criticized for potentially raising consumer prices on imported goods and violating international trade rules, according to a joint statement on Thursday from White House officials and congressional leaders.
The U.S. Securities and Exchange Commission announced Thursday that Halliburton Co. will pay $29.2 million in fines and penalties to settle allegations it violated the Foreign Corrupt Practices Act when contracting with an Angolan firm as part of efforts to win contracts in the country.
House lawmakers unveiled a much-anticipated bill Thursday that would require businesses to exert direct control over individuals’ working conditions in order to be considered a joint employer under federal wage and labor laws, a tighter standard than one recently adopted by the National Labor Relations Board in its controversial Browning-Ferris decision.
Prosecutors inched closer to linking an Italian citizen to a “click fraud” scheme during the second day of trial testimony Wednesday, calling on hack victims and web-hosting professionals to detail the servers the man allegedly leased and used to control hijacked computers.
The number of class action securities fraud suits filed in federal court surged to a record high in the first half of 2017, according to a report released Tuesday, hitting the highest level in two decades as both traditional filings and merger and acquisition litigation continued to increase.
The U.S. Department of Justice on Wednesday pitted itself against a fellow government agency in a skydiving instructor’s suit alleging he was fired over his homosexuality, telling the full Second Circuit that Title VII doesn’t cover discrimination on the basis of sexual orientation.
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.
Face it, the American jury system is dying. The arguments Professor Suja Thomas makes in her new book deserve consideration by everyone interested in how our government actually works and how it might recapture the unifying communitarian experience of direct democracy and actual trial by one’s peers, says U.S. District Court Judge William Young of the District of Massachusetts.
Attorneys may not realize the breadth of services that their marketing, design and library teams offer. One of the things I like to do when attorneys start at our firm is give them a download of the kinds of problems we can solve for them so they know how to work with us most effectively, says Mike Mellor, director of marketing at Pryor Cashman LLP.
The ideologue’s main problem is believing in conformity of thought. They will now search for true believers, but fortunately very few judges harbor the dark, conservative uniformity desired. If they do find one, the Senate will not confirm, says James Brosnahan, a senior trial counsel with Morrison & Foerster LLP.
Some have claimed that emerging legal technologies and increasingly cost-conscious clients will mean the extinction of the legal profession as we know it. However, innovations in legal technology may actually benefit attorneys, allowing them to spend their time doing more meaningful work, say Abdi Shayesteh and Elnaz Zarrini of AltaClaro.
The verdict on Nov. 8, was not unanimous, especially when Secretary Hillary Clinton will end up with a popular vote advantage. Yet, it is a message of extreme magnitude from voters willing to overlook the serious flaws of a candidate because they could not reconcile themselves to ratifying the perpetuation of politics as usual, says Reuben Guttman, a partner of Guttman Buschner & Brooks PLLC and adjunct professor at Emory Law School.
The clarion call from the top of Corporate America over the past several years to its workers to do more with less, eliminate redundancy, and work cooperatively across disciplines toward the goal of corporate profitability is reaching BigLaw, says Jill Dessalines, founder of Strategic Advice for Successful Lawyers and former assistant general counsel of McKesson Corp.
Compensation isn't what it used to be — and never will be again, says Jill Dessalines, founder of Strategic Advice for Successful Lawyers and former assistant general counsel of McKesson Corp.
In part 3 of this series on law firm evolution, Jill Dessalines, founder of Strategic Advice for Successful Lawyers and former assistant general counsel of McKesson Corp., addresses the problem of ad hoc client development and the challenge of associate training.