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All good things must come to an end, and from what we gather the global patent war between Research in Motion and Visto has been a very good thing to the lawyers involved. On Thursday, both companies announced that they had agreed to settle all litigation over RIM's Blackberry patents, with RIM paying Visto $267.5 million. In exchange RIM gets access to all Visto patents and acquires some of its intellectual property.
Citing inadequate disclosures, Delaware Chancery Court Vice-Chancellor Leo Strine briefly enjoined the deal. But PLATO and Thoma Bravo tweaked the merger proxy in time to get voting underway on schedule.
Rakoff Tapped for Mets Suit Against Madoff Trustee
HTC and its lawyers at Finnegan, Henderson, Farabow, Garrett & Dunner picked up some much-needed ammunition in their infringement litigation with Apple: nine patents that belonged to Google until only last week.
Trial Looming in Case Between Equal, Splenda
In a court battle between the makers of the nation�s leading sugar substitutes � Equal and Splenda � a federal judge has ruled that a jury must decide whether Splenda is misleading consumers by claiming in its ads and on its packaging that the product is �made from sugar so it tastes like sugar.�No. 1 Task for Shearman Leader: Keeping the Firm in the Top Tier
With its illustrious history and posh name, Shearman & Sterling strikes many as the epitome of the patrician, white-shoe New York law firm. But the past few years have seen the 1,013-lawyer firm's image tarnished by associate layoffs, partner departures and signs of internal dissent, all capped by a profitability gap between Shearman and its erstwhile peers. Now the firm may be enjoying a fresh start, due partly to firm leader Rohan Weerasinghe and a 22 percent jump in profits per partner.Will what's been billed as the largest and most complex prosecution of environmental crimes in history be derailed by alleged prosecutorial misconduct? A hearing Friday may answer the question.
Sink's audit raps 'Taj Mahal' courthouse
TALLAHASSEE, Fla. (AP) - Chief Financial Officer Alex Sink says an audit shows some judges bullied a state agency into building what critics are calling a "Taj Mahal" courthouse.A federal judge in Manhattan certified a global class of investors who sank billions into Fairfield Greenwich funds that fed Bernie Madoff's Ponzi scheme. But the judge excluded investors in 25 countries, singling out nations ranging from France, Switzerland, Israel, and China to the tiny islands of Picairn and Tokelau.
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