April 01, 2014 | Litigation Daily
GE Unit Loses Bid to Sink Megabucks Mortgage SuitsRejecting defense arguments by Jenner & Block, a Paul Krugman-quoting federal judge in Connecticut refused to toss claims brought by MoloLamken and Ropes & Gray over more than $4 billion in mortgage-backed securities.
By Jan Wolfe
4 minute read
April 01, 2014 | Corporate Counsel
Eleven Years' WarAt more than a decade (and counting), few litigations can match the length—and the strangeness—of Datatreasury Corporation's twisted legal saga.
By Jan Wolfe
14 minute read
March 31, 2014 | Litigation Daily
JPMorgan, Dimon Can't Shake London Whale Class ActionDid Jamie Dimon engage in securities fraud when he downplayed the London Whale trading scandal as a "tempest in a teapot"? Thanks to a ruling issued on Monday, we could eventually see a ruling on that question—or a settlement to make it go away.
By Jan Wolfe
2 minute read
March 31, 2014 | Litigation Daily
Chevron Judge Green-Lights Fraud Claims Against Patton BoggsPatton Boggs received some unwelcome but hardly surprising news on Monday, when a judge allowed Chevron Corporation to pursue claims that lawyers at the firm made misrepresentations to judges and engaged in other misconduct while enforcing a $9.5 billion environmental judgment against the oil giant.
By Jan Wolfe
4 minute read
March 31, 2014 | The American Lawyer
Big SuitsMotorola v. AU Optronics; In re Bank of American RMBS litigation; Vichi v. Konicklijke Philips; and more
By Jan Wolfe, Ross Todd, and Rebekah Mintzer
7 minute read
March 28, 2014 | Litigation Daily
Jury Returns Mixed Verdict in Reynolds Infringement CaseReynolds Consumer Products and its lawyers at Jones Day have won a trade dress infringement verdict against competitor Handi-Foil Corp for willfully infringing its well-known aluminum foil packaging. But the company struck out on several parallel claims.
By Jan Wolfe
2 minute read
March 28, 2014 | Litigation Daily
MBS Class Action Continues to Haunt GoldmanHaving twice dismissed the case without prejudice, a federal judge is now allowing discovery in a class action against Goldman Sachs, which is accused of duping investors in a $780 million mortgage-backed security. Sullivan & Cromwell is advising Goldman.
By Jan Wolfe
3 minute read
March 27, 2014 | Litigation Daily
Skadden Win in Bank of America Case May Undercut DOJ's StrategyA U.S. magistrate judge's recommendation to dismiss claims that Bank of America defrauded investors in a mortgage-backed security may weaken the Department of Justice's efforts to use a statute known as FIRREA.
By Jan Wolfe
2 minute read
March 27, 2014 | Litigation Daily
Litigator of the Week: Orin Snyder of Gibson, Dunn & CrutcherPaul Ceglia claimed in a 2010 lawsuit that Facebook's founder promised him a 50 percent stake in the company. Now Ceglia's fighting criminal fraud charges for bringing the case, and Snyder's relishing a slam-dunk victory.
By Jan Wolfe
4 minute read
March 27, 2014 | Litigation Daily
Sidley's Phillips Knocks Out Verdict in Cornwell Contract RowMore than a year after best-selling author Patricia Cornwell won a $50.9 million jury verdict against her financial advisers, Sidley's Carter Phillips persuaded a judge that a do-over is required. But Cornwell's lawyer, Joan Lukey of Ropes & Gray, isn't ready to declare the verdict lost.
By Jan Wolfe
4 minute read
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