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Laster Offers Shareholder Derivative Litigation Critique in Allergan Case
After Gibson, Dunn & Crutcher knocked out a derivative suit over Allergan Inc.'s marketing of Botox six months ago, the company and its board of directors hoped the litigation had been put to rest. But Vice Chancellor J. Travis Laster of the Delaware Court of Chancery, in an opinion Monday that offers a critique of the current landscape of shareholder derivative litigation, refused to dismiss the case even though a federal judge in Los Angeles had thrown out parallel claims brought by separate plaintiffs in January.
Troubles Mount for Burns Doane
As Burns, Doane, Swecker & Mathis faces some of the same troubles as expired IP boutiques Fish & Neave, Pennie & Edmonds, and Lyon & Lyon, firm partners are trying to decide how, or if, they can avoid the same fate. Burns Doane is dealing with a dwindling head count, a failed merger bid, a drop in profits per partner, and the challenge of hanging on to top rainmakers like R. Danny Huntington. Perhaps the biggest problem is the need to compete with general practice firms for big-ticket patent litigation.Monsanto $1 Billion Verdict Draws Attention of IP Bar
Independent legal experts noted that it was hard to assess Monsanto's damages theory because all the relevant motions on damages, including the court's rulings, were filed under seal.
Rare Patent Injunction Praised on Appeal as 'Exemplary'
A federal appeals court ruling upholding a relatively rare permanent patent injunction offered guidance about how such injunctions can withstand judicial review.
Big Firms Embrace Alternative Fee Deals
Morgan, Lewis partner Jami Wintz McKeon says alternative fees can serve everyone: "It's profitable for us, but also predictable for the client."
Microsoft Wins Best Legal Department of 2010
The December 2009 settlement of Microsoft's antitrust battle with European regulators, 10 years and billions of dollars in the making, was also symbolic for the company's legal team, which has set out to prove that it can resolve disputes amicably, despite Microsoft's reputation for aggressively fighting legal disputes to their bitter, final end. It's one of the many reasons Corporate Counsel has awarded Microsoft's lawyers the accolade of Best Legal Department of 2010.Alston boosts payments team as transactions go mobile
Paying for things has become more complicated as cash and checks have been augmented by credit, debit and stored-value cards, online payments and, now, transactions via mobile phones. As with many complicated things, lawyers are involved.Alston Bird has added five lawyers to its payment systems practice since February, for a total of 13.
Monsanto's $1 billion patent verdict raises eyebrows
Lawyers from Winston & Strawn and Husch Blackwell delivered a $1 billion patent verdict for Monsanto Co. against rival DuPont, in a case that raised eyebrows among the intellectual property bar.
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