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Lead plaintiffs counsel Kaplan Fox & Kilsheimer beat back summary judgment motions, potentially clearing the way for trial in the blast-from-the-past case.
Litigators Won't Rule in the Valley
In the Silicon Valley, the top firm lawyers are not necessarily litigators, and the peers of corporate counsel are not other top lawyers. They are venture capitalists and market watchers who point the way to the next waves of success. The winners among Valley law firms will be those constantly at work cultivating the garden, not those simply plucking ripe fruit from the tree.A judge has trimmed a consolidated class action accusing Bank of America and its executives of misleading shareholders about the bank's mortgage fraud exposure, but a crucial part of the case can still go forward.
Mofo Attorneys Turn $660M Acquisition in 12 Days
It turned out to be an unforgettable Valentine's Day for the crew of lawyers who inked a $660 million deal for Credence Systems Corp. to acquire NPTest Holdings Corp. "The deal went from a handshake to a definitive agreement in 12 days,� said William Sherman, a partner in Morrison & Foerster's Palo Alto office, who represented Milpitas-based Credence Systems. �I've been doing this 32 years and I've not done a deal this fast or seen a company taken public and sold so fast.�Cite as: MBIA Ins. Corp., v. Morgan Stanley, 29951-10, NYLJ 1202495779084, at *1 (Sup, WE, Decided March 26, 2011)Justice Gerald E. Loehr
Bank of America shareholders who want to scuttle a proposed $20 million settlement of derivative claims arising from the bank's acquisition of Merrill Lynch have been thwarted again.
For its newly-filed complaint against Morgan Stanley, Allstate turned to Bernstein Litowitz rather than Quinn, which filed the last six suits against banks that sold Allstate toxic mortgage-backed securities. Turns out there's a good reason for that.
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