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
December 30, 2014 | Litigation Daily
Top Simpson Thacher Litigator Signs On as Takata GCSecurities defense pro Bruce Angiolillo is leaving his lifelong Simpson Thacher career behind to guide embattled auto parts maker Takata through a U.S. legal minefield.
By Scott Flaherty
3 minute read
December 30, 2014 | Commercial Litigation Insider
Credit Suisse Ruling Helps Preserve Martin Act's ReachNew York Supreme Court Justice Marcy Friedman allowed New York Attorney General Eric Schneiderman to press forward with claims, under the New York's 93-year-old Martin Act, the state's tool for combating financial fraud, that Credit Suisse knew about flaws in loans packaged into residential mortgage-backed securities (RMBS) and misrepresented the quality of those loans, causing about $11.2 billion in investor losses.
By Scott Flaherty
8 minute read
December 29, 2014 | Litigation Daily
Credit Suisse Ruling Helps Preserve Martin Act's ReachA New York judge poured coal in the stockings of defendants looking for vulnerabilities in New York's 93-year-old Martin Act, the state's fearsome tool for combating financial fraud.
By Scott Flaherty
4 minute read
December 29, 2014 | Litigation Daily
Order Paves Way for Aereo Asset SaleBut the TV broadcasters whose copyright claims drove Aereo into bankruptcy will be paying close attention as bidders pick over the company's carcass.
By Scott Flaherty
2 minute read
December 29, 2014 | Commercial Litigation Insider
BNY Mellon, MBS Trustees Score Second Circuit WinSiding with BNY Mellon and its lawyers at Mayer Brown, a Manhattan federal appeals court has thwarted a potential class action brought by pension funds seeking to recoup losses from the financial institutions that served as trustees for residential mortgage-backed securities trusts. Under the ruling, the pensions can only pursue claims related to trusts they actually invested in.
By Scott Flaherty
5 minute read
December 24, 2014 | Litigation Daily
BNY Mellon, MBS Trustees Score Second Circuit WinSiding with lawyers at Mayer Brown, the Second Circuit thwarted a potential class action brought by pension funds seeking to recoup losses from financial institutions that served as trustees for RMBS trusts.
By Scott Flaherty
3 minute read
December 23, 2014 | Law.com
EEOC Beats $4.7 Million Fee Award in CRST Sex Bias CaseAfter a bruising year in the courts, the U.S. Equal Employment Opportunity Commission managed to save some face this week in battle over attorney fees.
By Scott Flaherty
3 minute read
December 23, 2014 | Law.com
Dow Could Get Attorney Fees from Bayer AgainA federal magistrate judge recommended that Bayer CropScience pay $5.46 million to cover Dow's attorney fees in a patent dispute over soybean seeds.
By Scott Flaherty
2 minute read
December 22, 2014 | Litigation Daily
Google Can't Derail Mapping Patent Claims Ahead of TrialWith a scheduled trial less than a month away, Google and its lawyers at Perkins Coie failed Monday to escape a 3-year-old patent infringement lawsuit targeting two of its hugely popular mapping programs, Google Earth and Street View.
By Scott Flaherty
2 minute read
December 22, 2014 | Litigation Daily
Cymbalta Plaintiffs Falter as Lilly Beats 'Brain Zaps' Class ActionEli Lilly's defense lawyers at Covington & Burling are on a roll in a string of lawsuits accusing the drug maker of misrepresenting the withdrawal risks of its blockbuster antidepressant, Cymbalta.
By Scott Flaherty
3 minute read
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