By Robert L. Hickok and Gay Parks Rainville | June 5, 2017
During its October term this year, the U.S. Supreme Court will hear argument in Leidos v. Indiana Public Retirement System, No. 16-581, on an important federal securities fraud issue: Whether a publicly held company's omission of "known trends and uncertainties" in its annual or interim reports, as required by Item 303 of Securities Exchange Commission (SEC) Regulation S-K, can give rise to a private securities fraud claim under Section 10(b) of the Securities Exchange Act of 1934 and SEC Rule 10b-5 (Rule 10-5).
By Vasilios J. Kalogredis | June 5, 2017
When doctors or health care entities are in the preliminary stages of negotiations relative to a business transaction, they are sometimes asked to execute a letter of intent (LOI).
By P.J. D'Annunzio | June 5, 2017
Lock Haven University has been hit with a class action by eight female athletes claiming the school treats men's and women's sports teams unequally and does not provide enough opportunities for women to join teams.
By Lizzy McLellan | June 2, 2017
Cozen O'Connor is facing allegations that it failed to properly handle conflicts in a multimillion-dollar construction law arbitration after hiring a group of construction lawyers from Pepper Hamilton.
By Lizzy McLellan | June 2, 2017
Law firms love to tout their strategic "visions," but not many offer seats at the table for executives focused solely on strategy.
By Christian Petrucci | June 2, 2017
Earlier this month, the Commonwealth Court issued an order reporting the previously unreported case of Hawbaker v. Workers' Compensation Appeal Board (Kriner's Quality Roofing Services and Uninsured Employers Guaranty Fund), 224 C.D. 2016. The case offers an opportunity to revisit the oft-litigated issue of whether an injured worker is an employee or an independent contractor. Moreover, the case considers the question in light of the Construction Workplace Misclassification Act, which sets forth criteria for classification of independent contractors in construction settings.
By Carl W. Hittinger and Tyson Y. Herrold | June 2, 2017
Last month, we discussed Makan Delrahim's background, including his experience litigating antitrust and intellectual property matters at the Department of Justice during the George W. Bush administration and his extensive lobbying work at Brownstein, Hyatt, Farber and Schreck. On May 10, senators from the Senate Judiciary Committee held a hearing and asked Delrahim about several matters that pose potential challenges should he be confirmed as assistant U.S. attorney of the Antitrust Division of the DOJ. For the most part, Delrahim provided candid answers, at one point even offering, "I'm an open book on this issue." Three discussions were particularly insightful.
By Max Mitchell | June 2, 2017
The U.S. Court of Appeals for the Third Circuit has rejected attempts to revive 315 scuttled cases against Pfizer over claims that its anxiety medication Zoloft caused birth defects.
By Steven M. Schain | June 2, 2017
Ever try valuing a business that is 100 percent illegal?
By Lizzy McLellan | June 1, 2017
McNees Wallace & Nurick has brought on a longtime water company executive as a lawyer in its financial services and public finance practices.
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