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Morgan Stanley Hit With Class Action Alleging Discovery Improprieties
A new class action lawsuit in Florida alleges that financial services giant Morgan Stanley committed violations of discovery rules in as many as 1,000 securities arbitration cases across the country by failing to provide access to all relevant data and communications for resolution of the disputes. In March, Morgan Stanley was hit with a sanction for discovery violations in the $2.7 billion civil fraud suit brought by New York financier Ronald O. Perelman. That trial has yet to reach a conclusion.
Balance Costs and Payoffs Before Deciding to Upgrade
Perhaps more feared by lawyers handling their own IT needs than a statute-of-limitations deadline are the endless upgrades for hardware and software being pushed by the computer industry. But by following a few guidelines -- instead of just blindly following the industry's constant forward march -- you can decide if an upgrade is actually beneficial.
Federal Circuit Rejects Damages in Patent Verdict Against Microsoft
The U.S. Court of Appeals for the Federal Circuit reinstated a patent infringement verdict against Microsoft but tossed the jury's $388 million damages award. The court rejected a widely used rule of thumb in calculating damages, calling it a "flawed tool" for determining a royalty rate.
Federal Circuit Takes Up Patent-Eligibility Dispute Over Human Genes
Lawyers representing researchers, pathologists, and women's health groups urged the Federal Circuit to uphold a ruling that said a genetics company's patents on two human genes are invalid and unconstitutional. The court narrowly assessed whether an isolated gene is substantively different from DNA itself, and looked at the potential consequences for the biotechnology industry.
Plug EDD Into Global Investigations
Companies investigated by the DOJ and SEC under the Foreign Corrupt Practices Act must address EDD issues in an international arena. Howrey partner William Purcell and KPMG principal Bernard Boit examine the global nature of EDD and recommend ways to preserve global, digital media.
Commentary: The Future of Biotech May Depend on Genetics
A myriad of startup and early stage biotechnology companies whose ability to attract the funding necessary for commercialization of their technology and to realize their dreams will likely depend on a suit that argues against issuing patents to genes, as unpatentable products of nature.
Data CSI: New Jersey Case Tests Limits of Spoliation Law
What began as a suit among former New Jersey business partners has become a test case of the obligation to preserve e-mails and electronic data that may become relevant to litigation. Plaintiff Joseph DeSantis alleges that his former partners destroyed evidence helpful to his case, although his attorney admits "We don't have a smoking gun, but we have extraordinarily detailed circumstantial evidence showing dates and times and documents." The defendants claim the allegations are "completely unfounded."Trending Stories
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