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 21, 2014 | Litigation Daily
Cohen Milstein Partner Dominates Report on State AG Contingency LitigationFormer Washington, D.C., attorney general Linda Singer bore the brunt of a skeptical New York Times report on private firms that coax state AGs into action.
By Scott Flaherty
2 minute read
December 19, 2014 | Litigation Daily
Target Suffers New Blow in Data Breach CaseJust weeks after Target Corp. failed to escape claims that it's liable for a massive data breach that cost banks billions of dollars, a judge refused to dismiss most of a proposed consumer class action over the same late-2013 hack attack.
By Scott Flaherty
3 minute read
December 18, 2014 | Litigation Daily
St. Louis Lawyer Scores Again in BofA Whistleblower CaseDavid Wasinger's whistleblower clients helped the government collect a whopping $2.2 billion from Bank of America and JPMorgan this year. They've been awarded roughly $123 million for their troubles, suggesting that Wasinger and his tiny firm will be enjoying happy holidays indeed this month.
By Scott Flaherty
3 minute read
December 17, 2014 | Litigation Daily
Broadcasters Pursue Aereo in Bankruptcy Tug-of-WarAfter driving online TV startup Aereo out of business, the broadcast networks are fighting to lift a hold on litigation stemming from the company's Chapter 11 filing so they can press their infringement claims and secure their pound of flesh.
By Scott Flaherty
3 minute read
December 16, 2014 | Litigation Daily
Cohen Milstein Fends Off DQ Bid in Opioids Marketing CaseAccused of inundating the country with addictive painkillers, drug companies went on the attack against their accusers. This week plaintiffs lawyers representing the city of Chicago took a step toward putting the drugmakers back on the defensive.
By Scott Flaherty
4 minute read
December 16, 2014 | Litigation Daily
A&P, Wachtell Join Namenda Fight as Actavis Appeals InjunctionLess than a week after a judge blocked Actavis from forcing patients to switch to new version of its Alzheimer's drug Namenda, the company brought on new legal firepower from Arnold & Porter and Wachtell, Lipton, Rosen & Katz to take the case to the Second Circuit.
By Scott Flaherty
3 minute read
December 15, 2014 | Litigation Daily
SEC Drops Insider Trading Case over Herbalife ShortThe Securities and Exchange Commission's enforcement action against an accused insider trader appears to have unraveled, as the agency admitted Monday that it can't produce two key witnesses to testify about an alleged tip-off regarding Herbalife Ltd.
By Scott Flaherty
3 minute read
December 12, 2014 | Litigation Daily
Wilmer's Waxman To Take on Spider-Man Toy Inventor in Marvel Royalties RowIn a case pitting former U.S. solicitor general Seth Waxman against a solo attorney who invented a web-slinging toy with his son, the Supreme Court agreed to reconsider 50-year-old precedent on whether royalty requirements can extend beyond a patent's expiration.
By Scott Flaherty
3 minute read
December 12, 2014 | Litigation Daily
SEC Wins a Round in Battle over Agency ActionsA Manhattan federal judge has injected new doubts into a string of cases challenging an increasingly common tactic by the Securities and Exchange Commission: pursuing fraud and insider trading claims in agency enforcement proceedings, rather than in federal court.
By Scott Flaherty
4 minute read
December 11, 2014 | Litigation Daily
FINRA Fines Banks for Mixing Research, Investment Banking BizA decade after a crackdown that was supposed to rein in research conflicts at Wall Street banks, the industry's self-regulator levied $43.5 million in penalties Thursday against 10 leading banks accused of using their research analysts to drum up investment banking business.
By Scott Flaherty
2 minute read
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