The three-week trial that convinced a Manhattan federal jury Thursday to convict two former Rabobank employees for rigging Libor was studded by some memorable moments, ranging from the judge chastising a defense lawyer during closing arguments to prosecutors telling the jury that traders weren't making harmless rate requests in "some sort of fantasy Libor league." Here are 10 highlights.
A Washington federal judge has backed a jury’s finding that Amazon didn’t infringe design patents on stuffed animal pillowcases, though the judge said he was "troubled" by the impact the decision could have on small retailers.
Attorneys for a woman who claims a Zimmer knee implant failed her twice accused the company Thursday of putting profit before patient safety as the first test trial in multidistrict litigation against the medical device manufacturer in Illinois federal court went to the jury.
A Florida jury on Thursday awarded $325,000 in punitive damages to the family of a mortician who died of lung cancer after years of smoking Philip Morris USA Inc. cigarettes, bringing the total award to $750,000 and setting the stage for a fight over whether the verdict was proper.
A Pennsylvania jury on Thursday absolved Reed Smith LLP of allegations that an attorney botched a release in a loan restructuring deal that prevented a suburban Philadelphia auto dealership group from pursuing claims against a third-party auditor for failing to detect a former executive’s fraud scheme.
The son of U.S. Rep. Chaka Fattah, D-Pa., was found guilty on fraud and other charges Thursday over a scheme that saw him obtaining false business loans and siphoning money from the federally funded Philadelphia School District.
A Manhattan federal jury on Thursday found former Rabobank boss Anthony Allen and former trader Anthony Conti guilty of rigging the London Interbank Offered Rate to benefit their banking buddies after prosecutors presented damning evidence including emails that showed both defendants actively participating in fixes.
Archer-Daniels Midland and other high-fructose corn syrup makers defended themselves Wednesday at the start of a $1.1 billion California federal jury trial over claims they falsely advertised their product as a natural sugar equivalent, rejecting sugar makers’ claims that corn syrup is the “crack cocaine” of sweeteners.
In a Texas Supreme Court case that probes how far appellate courts can go in reviewing a trial judge’s decision for a new trial, insurer USAA said appeals courts have the power to take a second look at whether the facts supported a jury verdict.
U.S. District Judge Rodney Gilstrap of the Eastern District of Texas said Tuesday that a since-discarded $2.3 million award a jury ordered Newegg to pay for violating a data encryption patent was correct and should be reinstated if the Federal Circuit flips his post-trial finding that Newegg didn't infringe.
The landmark conviction Tuesday of a high-speed trader accused of making and canceling huge numbers of orders for commodities futures — the first of its kind since the Dodd-Frank Act outlawed the market-manipulation practice known as spoofing — will likely persuade prosecutors and civil plaintiffs that there's fertile hunting ground in the futures markets.
A hearing in Washington federal court Friday over whether Quinn Emanuel Urquhart & Sullivan LLP can assist the Internal Revenue Service in taking testimony of Microsoft Corp. executives could foreshadow an era of close collaboration between the agency and outside counsel in audits and litigation.
A closely watched class action in which Uber Inc. drivers claim the ride-hailing company misclassified them as independent contractors will go before a jury next June, even though “fundamental” issues in the case haven't been resolved, a California federal judge said Wednesday.
Boeing was unable to strike key defenses available to subsidiaries of a Russian state-controlled space company in a $355 million contract dispute over a failed satellite-launching venture, with a California federal judge ruling Wednesday that they’re closely linked to issues that will be presented at an upcoming trial.
A California jury on Wednesday evening awarded former Los Angeles Times sports columnist T.J. Simers $7.1 million over claims that the paper forced him out due to his age and a disability.
A prominent cancer doctor testified in New York federal court Wednesday that he referred asbestos cases to a personal injury law firm associated with former State Assembly Speaker Sheldon Silver while seeking government grants from the powerful Democrat.
A Reed Smith LLP partner at the center of a $25 million malpractice case against the firm told a Pennsylvania jury on Wednesday that the owners of a Philadelphia-area car dealership understood the terms of an allegedly botched release when they signed it.
An Arkansas federal jury handed Lion Oil Co. a nearly $72 million win Wednesday in its suit over insurance coverage for business interruption losses stemming from the rupture of an Exxon Mobil-owned pipeline, finding that the rupture, and not a regulatory shutdown, directly caused the damages.
A $30 million punitive award in an Engle progeny case against R.J. Reynolds was excessive compared with the properly determined, $10.5 million compensatory award, a Florida appeals court ruled Wednesday, remanding the case for a recalculation but not a retrial.
A Florida jury on Wednesday awarded $325,000 in compensatory damages to the family of a mortician who died of lung cancer after years of smoking Philip Morris USA Inc. cigarettes, far less than the $17 million that the family had asked for, and found that punitive damages were warranted.