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The plaintiffs lawyers leading El Paso shareholders' assault on the company's planned $21 billion acquisition by Kinder Morgan lost their bid to enjoin the sale late Wednesday, but they sure got the judge's attention. Can they translate the opprobrium of Delaware Chancery Court chancellor Leo Strine Jr. into a big payday--and more than a little embarrassment for El Paso advisor Goldman Sachs?
It's almost impossible to exaggerate the obstacles Barclays' lawyers faced in the $13 billion Lehman 'windfall' litigation: claims by three different plaintiffs represented by three powerhouse firms; a judge openly skeptical of the bank's core argument; and a disjointed trial schedule that stretched over six months. Yet in the end the bank prevailed in upholding a deal that helped shape the unfolding of the great recession.
Critics of business method patents were none too happy on Friday, when the Federal Circuit once again endorsed a controversial patent owned by Ultramercial LLC. But the case could be a vehicle for the U.S. Supreme Court to limit the patent-eligibility of business method patents next term.
Patents Take to the Big Screen
In 2002, a small San Jose, Calif., technology company, Immersion Corp., filed a suit against giants of the gaming industry, claiming infringements of two patents that it says were improperly used in the Sony PlayStation 2 and Microsoft Corp.'s Xbox gaming consoles. Immersion holds 240 patents in the field of haptics -- the science of touch. Find out how trial presentation technology played into the jury's verdict.Daily News' Editorial Judgment Upheld
Continuing its long tradition of protective press rulings, the New York state Court of Appeals held the former husband of entertainer Melba Moore to a standard of showing gross irresponsibility in a pending libel action against The New York Daily News. The Court said it would not, absent clear abuse, second-guess the newspaper's editorial judgment that gossip column items on his divorce were of public interest, therefore invoking a higher standard of proof.Trending Stories
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