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Foreign Company's Contacts With U.S. as a Whole Needed When Deciding Jurisdiction
When a foreign corporation named in an antitrust suit challenges a federal court's personal jurisdiction over it, the court should look to the company's contacts with the United States as a whole, rather than with the specific forum in which the court sits, the 3rd U.S. Circuit Court of Appeals has ruled.$7 Mil. Class Action Settlement OK�d; Legal Fees of $2.3 Mil. Approved
A federal judge has granted final approval of a $7 million settlement in a class action securities suit against Ravisent Technologies Inc. brought by investors who said the company used false statements to inflate the price of its stock at the time of its initial public offering.Slew of Client, Fee Details Found in Proposals From Fla. Pension Fund Beauty Contest
Thanks to the transparency of the Florida pension fund's selection process for picking plaintiffs firms for securities class actions, a veritable treasure trove of details has emerged on leading law firms' histories, partners' hourly billing rates and more. Among other tidbits: One firm describes its patented portfolio system in such extensive detail that the Am Law Litigation Daily concludes that "wannabe copycats should pounce."Legal Tender: Firms That Land Fat City Contracts
Would a Nutter administration have a major impact on how the city awards contracts to law firms? Only time will tell.Summary Judgment Motions Set Stage for WorldCom Trial
The litigation over WorldCom Inc.'s historic accounting fraud took a major step forward Wednesday as a federal judge decided summary judgment motions in the case.A federal judge ruled that Bank of America CEO Brian Moynihan and former CEO Kenneth Lewis must face claims that they misled investors about the bank's risk of having to repurchase soured mortgages.
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