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June 29, 2012 | New Jersey Law Journal

In re New Jersey Title Insurance Litigation

The District Court properly dismissed appellants' antitrust challenge to the setting of title insurance rates in New Jersey on the basis of the filed-rate doctrine and a lack of standing.
6 minute read
September 10, 2007 | Law.com

Out-of-Town Firms Import Talent to Boost N.Y. Efforts

Law firms eager to expand in New York have long bemoaned the fiercely competitive local market for lateral partners. Now out-of-town firms are increasingly trying to make it in New York with out-of-town talent. This week, Quinn Emanuel Urquhart Oliver & Hedges is moving leading constitutional law scholar Kathleen M. Sullivan to its New York office. The relocation of rainmakers is a bold gambit that could disrupt healthy practices in the hope that these lawyers can leverage their reputations in New York.
6 minute read
September 01, 2009 | Law.com

Kasowitz Loses Summary Judgment Motion Against Banks in $3 Billion Las Vegas Resort Case

Kasowitz, Benson, Torres & Friedman has been doing its part to keep defense lawyers employed. The firm filed a $3 billion suit against a slew of banks, claiming they reneged on loan agreements to fund a revolving credit facility for multibillion-dollar Las Vegas casino Fontainebleau. But a Miami federal judge last week denied Fontainebleau's motion for partial summary judgment, as well as its motion for an order requiring the banks to immediately provide $656 million in funding to finish the project.
3 minute read
December 06, 2006 | The American Lawyer

IPO Case Hits Big Snag At Second Circuit

5 minute read
July 26, 2006 | National Law Journal

N.Y. Judge Appoints Milberg Co-Lead Counsel in Backdating Suit

A New York judge has given a boost to Milberg Weiss Bershad & Schulman by appointing the embattled law firm co-lead counsel in a consolidated suit over stock option backdating. The appointment in the high-profile Comverse Technology backdating scandal would have been barely noteworthy for Milberg Weiss in the past, but since its indictment a number of judges around the country have questioned whether the firm should be awarded lead counsel status in upcoming matters.
5 minute read
March 25, 2003 | New York Law Journal

Cravath Announces Closure of Its Hong Kong Office

5 minute read
March 30, 2005 | Law.com

Defenders Rack Up Wins in Nine High-Stakes Cases

Among the remaining nine NLJ top defense wins of 2004: savvy defense work in a personal injury case that prevented The Walt Disney Co. from being taken for a ride; a bellwether verdict for IBM in a toxic tort suit; the acquittal of Tyco attorney Mark A. Belnick; and limitation of liability for World Trade Center insurers in a trial just blocks from where the landmark once stood. Their unifying characteristics: high stakes, preparation and innovation.
26 minute read
October 31, 2005 | Law.com

Sullivan & Cromwell Settles Client Claim for $25 Million

Sullivan & Cromwell has agreed to pay $25.5 million to settle a legal malpractice suit that claimed the New York firm provided faulty advice to a health care company in a spinoff transaction. The company claimed the law firm failed to advise it that it could have transferred $750 million in outstanding bonds to its new corporate entity and that Sullivan & Cromwell neglected a conflict of interest in representing both companies during and after the spinoff.
4 minute read
August 28, 2007 | National Law Journal

Cleary Sanctioned for Trying to Interfere With Testimony

A federal judge has sanctioned Cleary Gottlieb for trying to dissuade a witness from testifying about his dealings with the Republic of Congo, which the firm is representing in a dispute with a hedge fund. Judge Loretta Preska said Cleary had "shown a willingness to operate in the murky area between zealous advocacy and improper conduct, and here it crossed the line." She ordered that a reprimand be circulated to all Cleary lawyers and that the firm be assessed attorney fees for the sanctions motion.
6 minute read
April 24, 2001 | Law.com

Big Tobacco Can't Use 'Pass-On' Defense in RICO Suit

Tobacco companies accused of lying about the dangers of smoking by Empire Blue Cross & Blue Shield of New York cannot claim as a defense that increased health costs have been passed on to consumers, a federal judge ruled. The judge told lawyers that a "pass-on" defense -- minimizing a plaintiff's damages by showing that a third party absorbed the increased cost -- is not available in a fraud action brought under RICO.
5 minute read

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