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Is something up at O'Melveny? Since January the firm has lost its bankruptcy cochair (to Dechert), its white-collar practice group head (to Quinn Emanuel) and now copyright star Dale Cendali (to Kirkland). Plus, on Wednesday, the litigation-heavy shop announced the layoff of 90 lawyers.
After Mixed Signals, $10 Billion Motorola Trade Secrets Dispute Settled
After a false start, a settlement was reached on July 22 in the $10 billion trade secrets dispute in Florida between Motorola and a defunct Fort Lauderdale, Fla.-based company. The confidential agreement was reached hours after an earlier hearing to discuss a settlement was canceled because both sides hadn't come to terms, despite telling the judge they had.Shareholders tasted the thrill of victory in July, when they persuaded a federal bankruptcy judge to appoint an examiner in the contentious WMI Chapter 11. Now they're suffering the agony of defeat.
The Am Law 100: A Work in Progress
Coverage of 2008 financials.Siding with JetDirect's lawyers at Morris Nichols, Quinn Emanuel, and Willkie Farr, the Delaware Supreme Court ruled that creditors don't have standing under Delaware law to bring derivative claims on behalf of limited liability companies.
The deal, made public on Tuesday, still leaves 16 banks facing mortgage-backed securities claims brought by the Federal Housing Finance Agency and its lawyers at Quinn Emanuel and Kasowitz Benson.
Vringo pulled off a trial win in its highly-publicized patent infringement case against Google on Tuesday. And though the verdict may not vindicate all the hype, Vringo's lawyers at Dickstein Shapiro have plenty to celebrate.
From the bench, Manhattan federal district judge Lewis Kaplan revealed some nostalgia for his days as a litigator on takeover matters at Paul Weiss.
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