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Judge Jed Rakoff, fresh from cementing his reputation as a scourge of Securities and Exchange Commission settlements, has set his sights on a different purported protector of investors' interests: securities class action law firms.
China Market Report: Food For Thought
China's food scandals have prompted widespread alarm as multinationals scrambled to ensure the safety of supply chains. But recently there have been signs of progress.Dean Boland, one of the few lawyers who hasn't already fled Paul Ceglia's case against Facebook amid allegations of fraud, is going to have to stick around even longer. Meanwhile Ceglia says a new "highly respected, nationally recognized law firm" is about to join his side.
Qualcomm Digs Deep in Face of Global Litigation Onslaught
Along the way to endless patent licensing revenues, Qualcomm's plans went awry. The San Diego chip maker's licensees, tired of Qualcomm's bullying, are pursuing a concerted, worldwide attack. Rival chip maker Broadcom sued Qualcomm in California, New Jersey and Washington, D.C.; Nokia filed suits in Delaware and D.C.; and four other wireless companies filed complaints with the European Commission. Fighting to save its business, Qualcomm expects to spend more than $200 million on litigation next year.Tech Circuit: Washington to Los Angeles to Hong Kong Edition
This weekend marked the start of "first-to-file" patents, and it will be interesting to see how the new laws change the patent dynamics over the next months and years. Here are a few observations from the legal technology community on the race to the USPTO, LegalTech news on Hong Kong and L.A., and the Pope's infallibility. [MORE]Trending Stories
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