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After two years of take-no-prisoners litigation, there is not much the lawyers for Apple and Samsung can agree on. But a rare moment of solidarity between rivals occurred Tuesday as the tech giants joined in urging the Federal Circuit to block the public disclosure of court filings that contain sensitive financial data.
Hedge funds that lost billions shorting Volkswagen stock haven't been easily dissuaded from going after Porsche, which pumped up VW's share price in a botched takeover bid. On Wednesday a group of funds that opted for state court cleared a crucial hurdle, when Porsche's lawyers at Sullivan & Cromwell lost a bid to dismiss fraud and unjust enrichment claims that could be worth well north of $1 billion.
The odds of a surprise turnaround for the banks fighting the Federal Housing Finance Agency are looking slimmer and slimmer.
Associates React to Jones Day and Weil Gotshal Salary Raises
Jones Day and Weil, Gotshal & Manges have joined the list of law firms paying California first-year associates $160,000 rather than the $145,000 embraced by most homegrown firms. And now California's associate messageboards are crammed with anonymous young lawyers carping about their firms' failure to match the higher New York scale. But many associates accept the idea that New York and California are distinct markets -- and some would like to keep it that way.At a ceremony on Wednesday, The American Lawyer once again bestowed awards on the country's best litigation departments. It's been fascinating to see all the outstanding work done by the firms that have competed over the past decade, but I'm also left with another impression: Not much has changed.
In its biggest suit yet, the National Credit Union Administration claims Bear Stearns sold $3.6 billion in shoddy mortgage-backed securities to four failed credit unions. But just like the cases that the Federal Housing Finance Agency brought against a slew of banks, the NCUA suits are in limbo as federal appeals courts weigh whether the agencies waited too long to sue.
Where Have All the Securities Class Actions Gone?
Securities class actions are on the wane. For decades, the cases kept coming, and corporate America fought them hard. But last year, plaintiffs filings were down nearly 40 percent from the previous year, and the downward trend is expected to continue. While this is a fantasy-come-true for corporate America, it's something very different for corporate defense firms. Most defense lawyers feign indifference and say that other matters are keeping them busy -- but are they whistling past the graveyard?IP Catch of the Day: Ropes & Gray to Land Fish & Neave?
Boston's Ropes & Gray has courted IP boutique Fish & Neave for years, a period over which numerous IP shops have closed. Since 2003, 12 partners have left the 160-lawyer Fish to join expanding practices at five other firms; 20 associates have left, too. Firm spokesperson James Haggerty has confirmed that "extremely preliminary merger talks" are again taking place. It seems that this time, Ropes might land the catch.List of Ineligible Attorneys - NJ by County
Notice to the bar.Trending Stories
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
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