James Rouhandeh and his team at Davis Polk & Wardwell secured a win for Morgan Stanley in a case the firm has handled since 2012. German bank IKB Deutsche Industriebank AG sued Morgan Stanley for common law fraud based on IKB’s purchase of residential mortgage-backed securities between 2005 and 2007. Over the years, courts trimmed IKB’s claims until only two alleged misrepresentations remained for trial–those dealing with the loan-to-value ratios and owner-occupancy status of the underlying loans. This week, after the Davis Polk team successfully petitioned the court to limit trial presentations to just those issues, plaintiffs conceded that they could not prove their fraud claims. Manhattan Supreme Court Justice Melissa Crane entered judgment for Morgan Stanley this week. The Davis Polk team also includes partners Greg Andres, Dana Seshens, counsel Daniel Schwartz, associates Matthew Brock, Tess Liegeois, Michael Pucci, Muhammad Sardar, Jaclyn Willner, Cristina Lauren Lang, John Chapman III, Zach Zaremba and Tony Sun, and legal assistants Mariana Lee and Payton Altman. 

A trial team led by Saina Shamilov and Melanie Mayer of Fenwick & West brought home a patent infringement verdict of more than $30 million for Lashify Inc. last week. Federal jurors in Waco, Texas found that a Chinese company doing business as Worldbeauty willfully infringed three Lashify patents covering artificial eyelash extensions and sided with Lashify on Worldbeauty’s invalidity defense. Jurors awarded $30.5 million in lost profits and a reasonable royalty of $3.6 million. Lashify’s trial team also included Deron Dacus of Dacus Law Firm and Fenwick’s J. David Hadden and Jon McMichael.