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The latest stage in long-running litigation over alleged price-fixing in the market for LCD screens is getting underway in San Francisco this week, with Best Buy and Eastman Kodak heading to trial against a trio of LCD screen manufacturers.
After a three-part trial that spanned two years, San Jose federal district court judge Ronald Whyte has ordered Hynix to pay its litigious chipmaking rival almost $400 million. But with Hynix vowing an appeal, Rambus shouldn't count on collecting anytime soon.
For litigators willing to switch sides, there are employment opportunities.
Six Days, Six Lawyers, $24 Billion
Golden West GC Michael Roster knew exactly which firm he wanted to handle the bank's blockbuster sale to Wachovia: Wachtell. They got it done with just six lawyers.Quick, Not DirtyWilson, Sonsini partner Martin Korman led the deal in Quantum Corp.'s acquisition of Advanced Digital Information Corp. And in this $770 million deal, it got done in one hour-long phone call.Led by partner Jerome Falk Jr., the firm convinced the Ninth Circuit that the rap artist is entitled to a 50 percent royalty on downloads. Asserting that the recording contract at issue was a standard contract, Falk says this ruling could extend to other artists.
Eminem's former producers and their lawyers at Arnold & Porter helped inspire a chorus of artists to sue their record labels over royalties for digital downloads.
In a case that "every CEO in America should watch," the SEC for the first time is demanding that a CEO forfeit compensation--even though the agency doesn't claim he was involved in the fraud at his company. The agency says CEOs should share the cost of fraud with shareholders, but a lawyer for the targeted exec says the SEC is overreaching.
We suspect that AIG will live on as a litigant long after the company is dead and gone. In the latest development, defendants in a long-running Delaware derivative suit are asked to be dismissed from the case.
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