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August 27, 2009 | Law.com

Plaintiffs Firms Show Support for SEC Shareholder Rights Proposal

A rare joint letter to the SEC from a group of defense law firms over shareholder proxy access is receiving an even rarer response from nine of the country's largest plaintiffs law firms. The letter supports the SEC's proposal to allow shareholders to nominate directors, exactly what the defense firms argued against last week. If approved, public companies would be required to include in their proxy materials shareholder nominees for directors that could comprise up to a quarter of the board.
4 minute read
July 28, 2009 | Law.com

Exxon Asks Judge to Dismiss Suit by Indonesian Villagers

Defense lawyers for Exxon Mobil urged a federal judge on Monday to dismiss a longstanding suit by Indonesian villagers who have accused the company of abetting human rights abuses in their country. Appearing in D.C. District Court, defense counsel Alex Oh argued that continuing the case would interfere with U.S. foreign policy goals in a politically fragile region. Investigating claims that soldiers hired by Exxon shot, abducted and raped civilians could upend a delicate peace process in Indonesia, Oh said.
3 minute read
October 26, 2009 | Law.com

Davis Wright Settles Sunwest Litigation for $30 Million

Davis Wright Tremaine has agreed to a global settlement in litigation against the firm related to the collapse of Sunwest Management, an Oregon-based provider of senior living centers. The reported settlement amount: $30 million, one of the largest malpractice settlements by a law firm in the Pacific Northwest. Investors suing Davis Wright had claimed that they were misled by the firm's legal advice on real estate transactions involving Sunwest properties.
4 minute read
March 18, 2011 | The Legal Intelligencer

In Wal-Mart Fight, Class Action Law Faces Test

Among their hundreds of pages of dueling arguments, the companies and organizations supporting or opposing Wal-Mart in its landmark Supreme Court challenge Wal-Mart v. Dukes do agree on one point: Whatever the justices say about class action certification will resound across a wide swath of law, not just employment discrimination.
5 minute read
March 21, 2011 | National Law Journal

Docket Watch: Upcoming arguments at the high court

The Supreme Court argument cycle that begins today is the next to last of the term. It will place a wide range of lawyers before the high court, from appeals court nominee Caitlin Halligan to law school clinic professors from Virginia and Pennsylvania, and former solicitor general Seth Waxman.
5 minute read
June 27, 2011 | National Law Journal

For business, a big week at Court

Justices curtail employment class actions, as well as climate-change and generic-drug suits.
7 minute read
June 09, 2010 | Corporate Counsel

As Novo Hits Back at Caraco, It's Hit with New Antitrust Class Action Alleging Sham FDA Claims

The stakes in Novo Nordisk v. Caraco Pharmaceutical over the diabetes drug Prandin seem to be getting higher by the day.
3 minute read
March 16, 2011 | National Law Journal

Class Warfare

Among their hundreds of pages of dueling arguments, the companies and organizations supporting or opposing Wal-Mart in its landmark Supreme Court challenge Wal-Mart v. Dukes do agree on one point: Whatever the justices say about class action certification will resound across a wide swath of law, not just employment discrimination.
5 minute read
A Deal Too Soon? Judge Dismisses Madoff Fund Investor Claims One Day After HSBC Agrees to Settle for $62.5 Million
Publication Date: 2011-11-29
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HSBC on Monday announced it had entered into a partial settlement with investors in Thema International Fund. A day later Manhattan federal district court judge Richard Berman dismissed all the claims against the bank and other defendants, largely on the grounds that the cases should be filed in Ireland and Luxembourg.

O'Melveny Helps BofA Avoid Successor Liability in Case Brought by Countrywide MBS Purchasers
Publication Date: 2011-04-25
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Los Angeles federal district court judge Mariana Pfaelzer held that Bank of America's 2008 acquisition of Countrywide was a sale of assets and not a de facto merger. A New York State judge last year reached a different conclusion on the same issue.

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