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Delaware Judge Calls JPMorgan's Jurisdiction Argument in WaMu Litigation 'Frivolous'
Delaware bankruptcy court judge Mary Walrath appears determined to continue presiding over JPMorgan Chase's ongoing battle with Washington Mutual Inc. According to a transcript of a hearing last Friday, Judge Walrath called efforts by JPMorgan's lawyers at Sullivan & Cromwell to challenge her jurisdiction "frivolous." The dispute between the two companies mainly concerns $4 billion in deposits that Washington Mutual Inc. had with Washington Mutual Bank, which was taken over by JPMorgan last September.Legal community mourns passing of John Payton, a 'true champion of equality'
Celebrated civil rights attorney John Payton, president and director-counsel of the NAACP Legal Defense and Education Fund, died late March 22 following a brief illness, the organization confirmed. Payton's career spanned more than three decades in private practice, where he was one of the first African-American partners at a major law firm in Washington, and public service.The Churn: Lateral Moves and Promotions in The Am Law 200
FINRA flooded with multimillion-dollar cases
Just a few years ago, the Abbar family of Saudi Arabia could point to at least $383 million in investments managed by Citigroup Inc. Patriarch Abdullah Abbar and his son Ghazi had built the family fortune through an array of food import, travel, oil transport, and investment businesses. And beginning in 2006, they entrusted the bulk of their wealth to Citi.Patent Enforcement's 'Black Box'
When Microsoft Corp. won a patent suit against Motorola Mobility Inc. at the International Trade Commission last year, it looked like a decisive victory. In reality, it turned out to be just the first round of the fight.Yahoo's Loss in Patent Dispute Grows by $5.8 Million
Yahoo is paying dearly for its decision to take its chances at trial against Creative Internet Advertising Corp. Yahoo lost before a jury and was penalized to the tune of $6.6 million for infringing on Creative's IP. Then in a final judgment signed this week, the Eastern District of Texas court awarded enhanced damages for willful infringement of $4.5 million, and another $1.1 million in prejudgment interest, plus supplemental damages. That brings the total haul to $12.4 million for Creative.Like the hedge funds that sued Porsche in state court last month, the new filers--represented by Bartlit Beck--saw their federal court case dismissed on Morrison grounds. What's interesting here, though, is that not all of Bartlit Beck's clients from the federal suit are part of the state case. And only one of the state plaintiffs is appealing the federal court dismissal to the Second Circuit.
Legal community mourns passing of John Payton, a 'true champion of equality'
Celebrated civil rights attorney John Payton, president and director-counsel of the NAACP Legal Defense and Education Fund, died late March 22 following a brief illness. Payton's career spanned more than three decades in private practice, where he was one of the first African-American partners at a major law firm in Washington, and public service.Trending Stories
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