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But will this deal put a dent in the finances of former CEO Maurice "Hank" Greenberg? It depends on whom you ask.
Cite as: MBIA Ins. Corp., v. Morgan Stanley, 29951-10, NYLJ 1202495779084, at *1 (Sup, WE, Decided March 26, 2011)Justice Gerald E. Loehr
In a tentative ruling, San Francisco federal district court judge William Alsup threw out "a significant portion" of a damages report by Oracle's expert in the patent and copyright infringement suit, warning that the expert might not get another chance to revise his $1.16 billion estimate.
When DuPont spun off the company that makes Lycra clothing and Stainmaster carpets, it saddled Invista with plants that featured 680 health and safety violations. Invista has agreed to clean up the troubled plants. But it's suing DuPont in federal district court to recover damages.
Kill Pill: Pfizer Settles Neurontin Suicide Case After Two Days of Trial
It's not clear how much Pfizer agreed to pay the family of suicide victim Hartley Shearer after two days of trial — but any payment from Pfizer is significant. This is the company's first Neurontin products liability payment.Did Barclays get too good a deal when it bought Lehman's brokerage only days after the investment bank filed for bankruptcy? At the time, Barclays was hailed for saving hundreds of jobs, but now Lehman litigation counsel at Jones Day are demanding documents that tell the tale of "the short, tumultuous period of time" when the deal was struck.
Hey, they also lost money when they funneled $7 billion to the Ponzi king. Or at least that's what lawyers for the feeder fund defendants are claiming in two new motions to dismiss.
Litigation with big banks has been a mixed bag for court-appointed Lehman Brothers liquidation trustee James Giddens of Hughes Hubbard, who previously scored an $861 million settlement with JPMorgan but saw a multibillion-dollar win against Barclays go up in smoke.
The $1 billion jury verdict that Lombardi won for Monsanto on Wednesday against bitter rival DuPont was the biggest of the year--and the fourth largest ever in a patent case.
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