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Glasscock Tosses Claim to Breakup Fee in Failed Merger
A Delaware Court of Chancery judge on Friday dealt a major blow to Energy Transfer Equity's bid to recover a breakup fee from a failed merger with The Williams Cos. Inc., saying the pipeline company's decision to walk away from the once-promising deal wiped out most of its claims to the $1 billion payment.Del. Supreme Court Upholds Derivative Suit Dismissal Based on Board Composition
The Delaware Supreme Court on Monday upheld the dismissal of derivative litigation against the directors of a health care technology company in a case…Laster Denies Stay of Fraud Suit in Wake of Federal Subpoenas
The Delaware Court of Chancery on Thursday refused a request by Citadel Plastics Holdings to delay a fraud suit stemming from its $800 million sale to plastics supplier A. Schulman Inc. after federal prosecutors subpoenaed five defendants in a parallel criminal probe, saying it was not yet clear to what extent the two cases would overlap.Fee Tracker: The Latest Look at Billables Throughout Big Law
A look at some of the legal bills behind notable clients in the news.Vice Chancellor Slams Lawyers for 'Gamesmanship' in Board Dispute
A Delaware Court of Chancery judge on Oct. 13 criticized Abrams & Bayliss attorneys for pulling an about-face in a corporate dispute over the composition of the Roma Restaurant Holdings board.Contrave Weight Loss Drug Patents Infringed by Generic Maker, Court Rules
A Delaware federal judge ruled on Oct. 13 that Actavis Laboratories FL Inc. infringed three patents with a planned generic version of the weight-loss drug Contrave, rejecting the company's defense as a "classic case" of hindsight bias.Praluent Sales to Resume as Sanofi, Regeneron Win New Infringement Trial
A federal appeals court on Thursday ordered a new trial in a high-profile patent infringement dispute over Sanofi's drug Praluent and lifted a permanent injunction barring sales of the biologic, used to fight high cholesterol.Nortel Networks Bankruptcy Named Grand Prize Winner, Disputes, in Global Legal Awards
Resolving this sprawling cross-border insolvency took the best efforts of Herbert Smith, Goodmans, Cleary—and many more.Takata Parent's Bankruptcy Reveals Big Monthly Litigation Fees
Japanese auto parts giant Takata Corp., which followed its U.S. unit into a Delaware bankruptcy court this week, revealed in court documents that it is paying nearly $1 million per month in legal fees to an Am Law 100 firm advising it in product liability litigation over faulty air bags.The American Lawyer Announces its Fifth Annual Global Legal Awards Winners
Law firms are honored for excellence in global work in four main categories: disputes, finance, citizenship and mergers and acquisitions.Trending Stories
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Strong & Hanni Solves Storage Woes--Learn How You Can, Too
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