November 30, 2012 | The American Lawyer
Price-Fixing Case Against Top Pharma Companies Runs Aground at California High CourtAfter an eight-year odyssey through the California courts, San Francisco antitrust lawyer Joseph Alioto may have finally reached the end of the line in a sprawling price-fixing case against Big Pharma.
By David Bario
3 minute read
July 26, 2013 | The American Lawyer
FHFA, UBS Finalize $885M Deal over Soured Mortgage BondsUBS AG will pay the Federal Housing Finance Agency a hefty $885 million for allegedly conning Fannie Mae and Freddie Mac into buying more than $5 billion in dubious residential mortgage-backed securities.
By David Bario
2 minute read
July 23, 2012 | The Legal Intelligencer
Judge Delays Fee Request in Eggs Price-Fixing CaseThe Philadelphia federal judge overseeing multidistrict antitrust litigation over alleged price-fixing in the egg and egg products market has issued an order on a 15-month-old motion for $7.5 million in fees filed by co-lead counsel for the plaintiffs.
By David Bario
3 minute read
April 03, 2012 | New York Law Journal
Action Is Certified Against Pfizer Over Arthritis DrugsThe class certified by Southern District Judge Laura Taylor Swain consists of investors who acquired shares in Pfizer between Oct. 31, 2000, and Oct. 19, 2005, when the company disclosed findings on the drugs Celebrex and Bextra affecting the stock price.
By Brendan Pierson, David Bario
2 minute read
February 14, 2013 | Law.com
Dismissals Don't Bode Well for Facebook IPO Plaintiffs, But It's Early YetBy David Bario
1 minute read
June 28, 2012 | New York Law Journal
Novartis Did Not Wait for High Court Ruling Before Sealing DealAlthough the Supreme Court has found that pharmaceutical sales reps in a parallel case against GlaxoSmithKline aren't entitled to overtime under the federal Fair Labor Standards Act, Novartis has said the ruling "will not affect" its $99 million settlement.
By David Bario
3 minute read
May 21, 2013 | New York Law Journal
Changing Course, Judge Revives Suit Against BankLittle more than one month after eviscerating a $774 million suit filed by Dexia S.A. against JPMorgan Chase, Southern District Judge Jed Rakoff has resurrected the case following a Second Circuit ruling on the Edge Act.
By David Bario
2 minute read
March 25, 2013 | New York Law Journal
Judge Rejects Lawyer's Bid To Exit Facebook CaseWith Facebook's motion to dismiss still pending and Paul Ceglia facing criminal charges over his alleged fraud, the court has apparently had enough. On March 20, Western District Magistrate Judge Leslie Foschio in Buffalo denied a motion by long-time Ceglia counsel Dean Boland to withdraw, ruling that the personal reasons Boland cited in his request didn't cut it.
By David Bario
2 minute read
February 28, 2013 | The American Lawyer
Delaware Supreme Court Won't Clarify Hurdle for Shareholder M&A PlaintiffsShareholder M&A litigation is keeping a lot of lawyers awfully busy these days, especially in Delaware. But plaintiffs lawyers looking for guidance on a key provision of Delaware law related to such cases were turned away by the state's highest court this week, leaving them on the sidelines of derivative litigation over a $9 billion deal involving Freeport-McMoRan.
By David Bario
3 minute read
July 19, 2012 | The American Lawyer
Lawyers Forced to Scramble for Fees in Eggs Price-Fixing CaseThe Philadelphia federal judge overseeing natiowide litigation over alleged egg price-fixing has a penchant for cracking chicken jokes in her rulings on the case. But when it comes to the issue of attorney fees for class counsel, the judge isn't fooling around.
By David Bario
3 minute read
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