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Changing Course, Judge Revives Suit Against Bank
Little more than one month after eviscerating a $774 million suit filed by Dexia S.A. against JPMorgan Chase, Southern District Judge Jed Rakoff has resurrected the case following a Second Circuit ruling on the Edge Act.Court Revisits Alien Tort Statute in Opening Session
Opening its new term with old business, the U.S. Supreme Court yesterday appeared likely to restrict lawsuits in federal courts by foreign victims of human rights violations committed abroad.Georgia-Pacific Told To Hand Over Documents In N.Y. Asbestos Case
Atlanta-based paper company Georgia-Pacific must turn over internal communications related to studies it commissioned into the safety of its products for in camera review in the ongoing asbestos litigation against the company, a New York state appeals court ruled Thursday, holding that the documents may be subject to the crime-fraud exception to attorney-client privilege.Milbank, Fried Frank Hit Jackpot with Station Casinos Bankruptcy
Milbank, Tweed, Hadley & McCloy and Fried, Frank, Harris, Shriver & Jacobson have collectively billed for nearly $18 million in fees and expenses in the yearlong Chapter 11 case of Station Casinos, the Las Vegas-based gambling company set to be sold out of bankruptcy to its Ultimate Fighting Championship founders for $722 million.Profits per partner reach sky-high levels
THEY MAY LAMENT that they are the poor cousins of hedge fund managers and private equity stakeholders, but law firm partners are hardly suffering. In 2006, for the first time since The American Lawyer started measuring the financial performance of law firms 22 years ago, a majority of America's 100 top-grossing firms had profits per equity partner of $1 million or more.
Apple's Trial Win Over Samsung Remains Intact
While U.S. District Judge Lucy Koh rejected Samsung's bid to junk the jury verdict, she overruled the jury's finding that infringement was willful, rebuffing Apple's effort to raise the $1.05 billion damages award.
Patent Cases at the ITC Drop by 30 Percent in Fiscal 2012
The number of intellectual property cases filed at the International Trade Commission in fiscal year 2012 fell by 30 percent, leading some to wonder if the agency's allure as the latest IP hotspot is fading.'Corporate Counsel' Names Google's Legal Department Best of 2011
Spend time with the energetic crew at Google, and the word "disrupt" comes up a lot. Google's businesses tend to do that to the traditional marketplace, and "Googlers" (as they call themselves) make no apologies. In fact, they use the word with pride -- sounding like 1960s protesters determined to shake the Establishment.Federal Housing Finance Agency Suing Top Banks Over Mortgage-Backed Securities
The Federal Housing Finance Agency filed suit today against 17 of the world's largest financial firms, seeking to recover losses suffered by Fannie Mae and Freddie Mac on private-label mortgage-backed securities.Motorola Mobility Scores Against Microsoft, Apple at ITC
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