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Asia Deal Digest: February 2, 2012
An Indonesian gas company brings Ashurst on board for a shipping finance deal; Latham & Watkins takes the lead on a Southeast Asian reverse merger; and Shearman & Sterling weighs in as a Chinese heavy industry giant targets Germany.Door Opened to Foreign Victims of Vitamin Price Fixing
Billions of dollars in potential awards. A new map for antitrust litigation. And what many say is a likely spot on the U.S. Supreme Court docket. Empagran v. F. Hoffman-LaRoche has it all. A class action filed by foreign vitamin buyers, the suit is the latest round in the already-epic litigation over vitamin price fixing. At the root of Empagran are important questions about who can sue and who can be sued in U.S. courts for antitrust violations.Congress Set to Take Aim at Judicial Recusals
Congress is preparing to wade into one of the most sensitive of issues for the federal judiciary: when a judge should step aside in a case and who should make that decision. The House Judiciary Committee, led by Rep. John Conyers, D-Mich., is planning a hearing on federal recusal guidelines amid controversies that have swept through state court systems in recent years, culminating in a U.S. Supreme Court decision five months ago that tightened the recusal requirements for elected state judges.Departure of London Tax Group Doesn't Faze Dorsey's Leadership
With new managing partner Ken Cutler preparing to jet to London as part of a firmwide confidence-building tour, Dorsey & Whitney—whose gross revenue dropped for the fifth straight year in 2012—lost its tax practice Monday in the U.K. capital to local commercial litigation boutique Hage Aaronson. Nonetheless, Cutler insists the Minneapolis-based Am Law 100 firm is poised for a comeback.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.
Clinton Leads Fundraising Among New York Attorneys
Did Democrats Seal Their Defeat in Alito Hearings?
There are any number of ways to fault the performance of Senate Democrats in their campaign to keep Samuel Alito Jr. off the high court. During Alito's weeklong confirmation hearings, Senate Judiciary Committee Democrats were, by turns, hostile, pedantic, bombastic and confused. Follow-up questions? No time for that. And any strategic miscalculations aside, is this just a numbers game that Democrats can't win?Over the objections of BNY Mellon and the investor group that negotiated the deal, Manhattan federal district court judge William Pauley held that allowing the attorneys general to intervene "will protect the interests of absent investors."
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