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After Oracle's board enacted a bylaw mandating that derivative suits had to be filed in Delaware Chancery Court, the company's lawyers invoked the bylaw in moving to dismiss two San Francisco federal district court derivative suits. No dice, said Judge Richard Seeborg, addressing a question of first impression.
The patent aggregator Acacia Research Corporation conceded defeat on Tuesday in a quintet of cases it brought three years ago against Apple, Hewlett-Packard, Dell, Sony, and Lenovo.
How to Get a Job at the Justice Department
Never one of the DOJ in-crowd, departing Deputy AG James Comey is apt to be replaced by a very different sort of lawyer -- one with references from Judge J. Michael Luttig, Supreme Court Justice Antonin Scalia or Whitewater Independent Counsel Kenneth Starr. The White House is systematically staffing key Justice Department posts with attorneys groomed by a tight circle of judges and ex-government officials seen as guiding lights in the conservative movement. The result: a narrower path to plum DOJ jobs.The Justice Department's novel use of the False Claims Act to bring financial crisis-related cases has landed the government its third settlement with a bank in the period of a month. Flagstar Bancorp and the Manhattan U.S. Attorney's Office announced on Friday that the regional had agreed to pay up to $133 million to settle civil allegations that it had improperly approved mortgage loans to be insured through a federal program. The settlement follows similar deals with Citigroup and Bank of America.
The Federal Trade Commission is fighting a two-front battle against deals in which brand pharma makers pay generics to keep their products off the market. It seems to be making political headway, but on Tuesday the FTC took a big blow in court--partly because of some questionable litigation strategy.
Leading M&A Transactions — Target or Acquirer Based in N.J. — 2012
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