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Facing a multibillion-dollar fraud suit by AIG, Bank of America has lost a creative bid to keep part of the action in federal court. The Second Circuit on Friday vacated an earlier ruling which found that an obscure 1919 federal law allowed the case to be heard in U.S. district court.
The Web site scored a big victory on Thursday when the Ninth Circuit ruled that it can match potential roomies according to personal traits like gender and sexual preference that are crucial for most housemate-hunters. Timothy Alger, who joined Perkins Coie last year after a stint at Google and nearly two decades at Quinn Emanuel, has been litigating the case for Roommates.com since 2003.
The First Circuit affirmed a $142 million verdict, revived class certification, and reinstated racketeering and state law claims in a trio of cases involving Pfizer's off-label marketing of Neurontin. The drug company relied on Skadden and Quinn Emanuel for the appeals.
Viking Global alleges that it lost more than $300 million due to Porsche's false denials that it planned to acquire Volkswagen. Viking's federal court suit was bounced along with five other complaints against Porsche. Does New York State have jurisdiction where the United States doesn't?
After Mixed Signals, $10 Billion Motorola Trade Secrets Dispute Settled
After a false start, a settlement was reached Tuesday in the $10 billion trade secrets dispute in Florida between Motorola and a defunct Fort Lauderdale-based company. The confidential agreement was reached hours after an earlier hearing to discuss a settlement was canceled. At the earlier hearing, an attorney representing Motorola told the judge, "We're still working out the written details," even though both sides had previously informed the judge that a settlement had been reached.Remember when banks were squeamish about suing one another? The credit default swap implosion put an end to all that, to the benefit of firms like Quinn Emanuel and lawyers like Greg Joseph.
The Thornburg Mortgage trustee's $2.2 billion quartet of suits against a slew of big banks contain plenty of eye-popping allegations--and some familiar names.
Quinn Emanuel's Jonathan Pickhardt, who took the lead at trial for the BankAtlantic investors hoping to scuttle the deal, hailed the decision as a "terrific victory" and a confirmation of the sanctity of contracts, even during times of financial distress.
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