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David Bario

David Bario

David Bario, based in New York, is a senior editor covering the business of law for ALM's global newsroom.

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November 30, 2012 | The American Lawyer

Price-Fixing Case Against Top Pharma Companies Runs Aground at California High Court

After 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 Bonds

UBS 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 Case

The 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 Drugs

The 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 Yet

By David Bario

1 minute read

June 28, 2012 | New York Law Journal

Novartis Did Not Wait for High Court Ruling Before Sealing Deal

Although 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 Bank

Little 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 Case

With 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 Plaintiffs

Shareholder 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 Case

The 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