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TiVo announced a $250 million settlement with Verizon on Monday, pushing Irell & Manella's recent recovery for the company past the $1 billion mark. The same day, Verizon agreed to pay more than $260 million to end to a costly patent fight with ActiveVideo Networks and its lawyers at Morgan Lewis & Bockius.
Attack Has Widespread Impact on Legal System
Two of the hardest hit agencies Tuesday were the New York offices of the Securities and Exchange Commission and the Equal Employment Opportunity Commission. Both were housed in 7 World Trade Center -- the third building to fall on Sept. 11. The loss of documents is expected to mean months of extra work by the SEC and the EEOC to replicate or retrieve lost notes, depositions and interviews.A Minneapolis federal court judge appointed Boies Schiller principal co-lead counsel in a class action against the nation's two largest wholesale grocers, SuperValu and C&S Wholesale Grocers. The firm, led by partner Richard Drubel, Jr., will be handling the case for a contingency fee.
After a Federal Circuit ruling last year, many IP experts predicted that the U.S. International Trade Commission--already a red-hot venue for patent litigation--would also see an uptick in trade secrets cases brought by U.S. companies against upstart Asian competitors. A new case filed at the ITC by Milbank, Tweed, Hadley & McCloy proves the experts were on to something.
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