Scott Flaherty, based in New York, covers the business of law with a focus on legal ethics, lawyer misconduct, conflicts-of-interest and litigation involving law firms. He can be reached at [email protected]. On Twitter: @sflaherty18
January 12, 2015 | Litigation Daily
JPMorgan Must Face Trustee's $500 Million MBS SuitSiding with Quinn Emanuel and reversing his own prior ruling, a judge breathed new life into a lawsuit against JPMorgan Chase and EMC Mortgage over $500 million in mortgages that now-defunct Bear Stearns bundled into securities and sold to investors.
By Scott Flaherty
3 minute read
January 12, 2015 | Litigation Daily
High Court Rejects Appeal Over Agency's Deadline to Sue BanksThe U.S. Supreme Court refused to consider whether the National Credit Union Administration waited too long to sue over billions of dollars in allegedly shoddy securities. But questions underlying the banks' challenge still may not be fully resolved.
By Scott Flaherty
4 minute read
January 12, 2015 | Litigation Daily
JPMorgan Must Face Trustee's $500 Million MBS SuitSiding with Quinn Emanuel and reversing his own prior ruling, a judge breathed new life into a lawsuit against JPMorgan Chase and EMC Mortgage over $500 million in mortgages that now-defunct Bear Stearns bundled into securities and sold to investors.
By Scott Flaherty
3 minute read
January 12, 2015 | Litigation Daily
High Court Rejects Appeal Over Agency's Deadline to Sue BanksThe U.S. Supreme Court refused to consider whether the National Credit Union Administration waited too long to sue over billions of dollars in allegedly shoddy securities. But questions underlying the banks' challenge still may not be fully resolved.
By Scott Flaherty
4 minute read
January 09, 2015 | Law.com
JPMorgan Inks Deal to End Bear Stearns Securities Class ActionThe bank agreed to pay about $500 million to resolve class action claims stemming from Bear Stearns' sale of nearly $17.6 billion of the securities prior to the 2008 financial crisis.
By Scott Flaherty
2 minute read
January 08, 2015 | Litigation Daily
Litigator of the Week: Kevin Abrams of Abrams & BaylissSiding with Abrams, a Delaware judge refused to foist new rules on hedge funds using a strategy called appraisal arbitrage to squeeze profits out of allegedly undervalued M&A deals.
By Scott Flaherty
4 minute read
January 07, 2015 | Litigation Daily
Judge Nixes 'Patent Troll' Label as Intellectual Ventures Trial LoomsLawyers at Latham & Watkins representing Symantec Corp. can't refer to Intellectual Ventures as a "troll" or bash the USPTO for issuing bad patents when a scheduled trial gets underway later this month, a Delaware judge has ruled.
By Scott Flaherty
3 minute read
January 07, 2015 | Litigation Daily
Judge Nixes 'Patent Troll' Label as Intellectual Ventures Trial LoomsLawyers at Latham & Watkins representing Symantec Corp. can't refer to Intellectual Ventures as a "troll" or bash the USPTO for issuing bad patents when a scheduled trial gets underway later this month, a Delaware judge has ruled.
By Scott Flaherty
3 minute read
January 07, 2015 | Litigation Daily
Chiquita Plaintiffs Take Alien Tort Case to High CourtAfter Covington & Burling derailed efforts to hold Chiquita Brands International liable for facilitating war crimes in Colombia, human rights lawyers have turned to the U.S. Supreme Court in hopes of resurrecting their claims under the beleaguered Alien Tort Statute.
By Scott Flaherty
3 minute read
January 07, 2015 | Litigation Daily
Chiquita Plaintiffs Take Alien Tort Case to High CourtAfter Covington & Burling derailed efforts to hold Chiquita Brands International liable for facilitating war crimes in Colombia, human rights lawyers have turned to the U.S. Supreme Court in hopes of resurrecting their claims under the beleaguered Alien Tort Statute.
By Scott Flaherty
3 minute read
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