Business Torts: MoloLamken
MoloLamken talks about what issues landed the firm on the National Law Journal's 2019 Elite Trial Lawyers list.
September 27, 2019 at 10:00 AM
2 minute read
Tell us about your biggest client wins this year. [The firm] represented Teva Pharmaceuticals in a fraud and contract breach suit arising from a $2.3 billion acquisition of a Mexican pharmaceutical company. The case settled on extremely favorable terms after only 17 months. [The firm represents] investors in the Alibaba securities fraud case relating to its $25 billion initial public offering. It emerged that pre-IPO Chinese regulators threatened billions of dollars of fines based on the prevalence of counterfeits. The stock dropped significantly. The suit was dismissed. [The firm was] retained and the Second Circuit reversed. Following expert depositions, it settled for $250 million.
What's the best lesson you learned as a young lawyer? Don't underestimate, but don't overestimate your opponent. In essence, be practical. Assess the case and pursue it with a solid dose of reality.
What's been the most significant change in your practice area and how have you adjusted? Technology. Assume jurors (despite admonitions), judges, witnesses, opponents will look online. Also, provide bite-size information. It's a Twitter world.
Share an interesting fact about your firm that few know. Associates work with an executive coach to enhance soft skills and emotional intelligence.
Submitted by Steven Molo, MoloLamken founding partner.
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