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Drug Deals Get A Once-Over From Supreme Court
The U.S. Supreme Court on Monday searched for middle ground in the ongoing antitrust battle between the Federal Trade Commission and the pharmaceutical industry over patent settlements in which brand-name manufacturers pay generic-drug companies to delay entering the market.Ninth Circuit Rejects Alaskan Village's Bid for Damages Over Eroding Coastline
The U.S. Court of Appeals for the Ninth Circuit on Sept. 21 found that the village of Kivalina could not recover money damages from ExxonMobil Corp., BP America Inc., Chevron Corp. and other energy companies for greenhouse gas emissions the plaintiffs said threaten the destruction of their coastal homes.Wells Fargo Settles Ponzi-Related Lawsuit for $105M
Wells Fargo Bank N.A. has agreed to pay $105 million to settle investor claims related to its work with defunct Medical Capital Holdings Inc., a purported medical receivables purchasing company in California that was later revealed to be a $1 billion Ponzi scheme.Quinn Bags Bingham Silk as London Push Gathers Pace
Quinn Emanuel has signed up Queen's Counsel Sue Prevezer from the London arm of rival U.S. firm Bingham McCutchen. Prevezer joined Bingham's financial restructuring and litigation group last year after switching from top commercial set Essex Court Chambers. She has represented clients in a range of domestic and cross-border fraud claims and money laundering disputes. The news marks the second hire in as many weeks for the litigation specialist's burgeoning London arm.Lawyer in Shareholder Class Action Against Yahoo Board to Expand Claims
A plaintiffs lawyer representing shareholders of Yahoo Inc. in a class action lawsuit against the company's board of directors plans to add billions of dollars in damages to its complaint following Microsoft Corp.'s recent decision to abandon a $47.5 billion proposed bid. "When we filed the lawsuit 2 1/2 months ago, we saw existing breaches and feared additional breaches of duty," said Mark Lebovitch, a partner at New York's Bernstein Litowitz Berger & Grossmann and co-lead counsel in the case.Justices seek middle ground on generic drugs
The U.S. Supreme Court on Monday searched for middle ground in the ongoing antitrust battle between the Federal Trade Commission and the pharmaceutical industry over patent settlements in which brand-name manufacturers pay generic drug companies to delay entering the market.Supreme Court Short List: If Kerry Wins
While it is impossible to know who will ultimately inhabit whatever black robes President Kerry gets to fill, one thing is certain -- President Kerry's judges will be very different from President Bush's: less ideological, less hostile to constitutional privacy rights, and more likely to take each case on its own terms. And Kerry's actual choices will inevitably depend greatly on when a vacancy occurs and who is doing the vacating.Peet's Coffee Goes Private With Help From Skadden, Cooley
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