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The march toward peace in the cardiac stent business continues, to the detriment of IP litigators. The deal between J&J and Boston Scientific, which follows a pact between Medtronic and Abbott, resolves 14 cases spanning 12 years. We've got the lineup of firms that should have a lot more time on their hands.
IP Litigators: Worth Their Weight in Gold?
Patent litigators are a must-have for firms, and they're willing to pay for them. Changing technology, consolidation of industries and the increasingly cross-border nature of IP battles are expanding the size and scope of patent cases. The median cost to take a patent case through trial increased from $2 million in 1995 to $5 million in 2005, according to the American Intellectual Property Law Association, which means that firms are missing a potential fee bonanza if they don't have enough lawyers on hand.Private Equity Companies Get Close to Simpson Thacher
Simpson Thacher & Bartlett just had a summer that private equity lawyers dream about. The New York firm's two top private equity clients, Kohlberg Kravis Roberts and The Blackstone Group, were on a dealmaking binge. Of course, Simpson has many private equity clients, but it makes sure that KKR and Blackstone always come first. The devotion has paid off: one KKR partner describes Simpson as part of its "inner circle." And several Simpson attorneys have moved in-house with Blackstone and KKR.He's 86 years old, but the Viacom chairman is still plenty feisty, by the evidence of his two hours of testimony in a suit in which his nephew claims Redstone cheated him out of shares in the family business. We especially enjoyed his sniffy rejoinder to a question about whether he'd drafted a particular document. Nah, said the octogenarian. Document drafting is for mere lawyers!
Consolidated Edison Inc., plaintiff, v. Northeast Utilities, defendant
Utility�s Shareholders Lack Third-Party Beneficiary Right to Sue Con Ed for Breach of Merger ContractIt looks like Daimler AG is in for a mess of headaches stemming from its days as the owner of Chrysler. On Thursday, a bankruptcy court judge gave creditors approval to sue the German carmaker on behalf of Chrysler for allegedly siphoning off billions of dollars through fraudulent conveyances. Susman Godfrey has been tapped to bring the suit for a contingency fee.
"We're making progress," said Grais, whose mortgage-backed securities suits on behalf of Seattle's Federal Home Loan Bank have also cleared early hurdles.
The seven Federal Home Loan Banks that have sued over mortgage-backed securities have been adept at keeping their barrage suits against big banks where they want them: in the hands of state court judges. But the Federal Home Loan Bank of Boston and its lawyers at Keller Rohrback are going to have to try their luck in federal court, thanks to a ruling on Friday.
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