Combating Shareholder Derivative Actions
For corporate lawyers and their public clients who are thinking about buying or selling a company, Pennsylvania law provides a particularly powerful tool to defend against some types of routine shareholder derivative lawsuits.Move Toward Mini-'Markman' Hearings in Patent Cases
President Barack Obama signed a significant patent reform bill into law on Sept. 16. But one of Texas' busiest patent judges is ahead of the game in making sure defendants don't get dragged into his federal courtroom unnecessarily.'The Apprentice' Reject Sues Donald Trump, Claims Age Discrimination
Richard J. Hewett never heard "You're fired!" -- but he's suing Donald Trump anyway. The rejected applicant for "The Apprentice" is suing Trump, claiming he was turned away because of age discrimination. Hewett was 49 when he was rejected in July 2005, and claims in his lawsuit filed last week in U.S. District Court that only two of the finalists covering six seasons have been over 40. He alleges Trump and the show's producers are in violation of the federal Age Discrimination in Employment Act.Concerning Frist: When Is Trading Sufficiently 'Blind'?
Senate Majority Leader Bill Frist has publicly defended himself against insider trading allegations by insisting he was unaware of inside information when he sold his stock in Hospital Corporation of America. He has also stated numerous times that his HCA securities were in a "qualified blind trust," so he could not even be certain about the extent of his holdings at any given time. Darren W. Stanhouse, a McGuireWoods associate, discusses the potential legal success of this defense.Court of Appeals Reverses Ruling on ALM Request for AIG Reports
In a case brought by an ALM reporter, the U.S. Court of Appeals for the District of Columbia Circuit has issued a ruling in American International Group Inc.'s favor, saying the corporate monitor's reports are not public record.Rounding Up the 10 Biggest IP Litigation Wins of 2011
Intellectual property litigation may be recession-proof. According to a survey by PricewaterhouseCoopers, patent holders brought 2,892 U.S. infringement lawsuits in 2010--an increase of more than 5 percent over the year before.Canadian Firms Beginning to Appoint In-House Counsel
Bennett Jones has become the third Canadian firm to appoint an in-house counsel in recent years. Calgary-based corporate attorney Stephen Sibold took on the newly created position. Bennett Jones is following in the footsteps of McCarthy Tetrault and Blake, Cassels & Graydon, which appointed general counsel in 2007 and 2006 respectively. In-house attorneys are still not standard in Canadian firms, but the position is expected to become more widespread in the near future.Overtime Regs Avoid Sudden Death
The U.S. Department of Labor issued new regulations governing overtime on April 20. The new rules improve upon a draft version, announced in March 2003, that had outraged labor advocates and prompted at least one state to change its overtime law.Trending Stories
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