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WaMu Bankruptcy Court Judge Agrees to Shareholder Demands for Examiner. Now What?
Publication Date: 2010-07-20
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The soon-to-be-appointed examiner is scheduled to deliver a preliminary report on Sept. 7. Will we finally find out if there's any substance to the shareholders' oft-repeated claims that WMI's lawyers are letting JPMorgan and the FDIC off the hook too cheaply? And if that's true, what happens to the proposed reorganization plan?

Simpson Thacher Wins Appeal in $420 Million Asbestos Reinsurance Case
Publication Date: 2012-01-24
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You could practically feel the wave of relief that washed over the litigation department at Simpson Thacher & Bartlett on Tuesday, when a New York state appellate court upheld a $420 million summary judgment ruling that the firm won for Travelers unit United States Fidelity & Guaranty Company back in 2010.

On Eve of Third Neurontin Suicide Trial, Pfizer Adds New Firm to Defense Team
Publication Date: 2010-05-04
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You'd think that Skadden and Boies Schiller offered plenty of firepower. But the case scheduled to go to trial next week in Tennessee features the first bellwether victim selected by the plaintiffs. Pfizer isn't taking any chances.

Judge Has All the Right Moves for Credit Suisse in Monolines Litigation
Publication Date: 2012-04-11
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Like other banks, Credit Suisse is facing claims that it duped monoline insurers like MBIA and Assured Guaranty into insuring hundreds of millions of dollars worth of mortgage-backed securities. But while the monolines can point to favorable rulings in their suits against Countrywide and JPMorgan, they've struggled in three cases against Credit Suisse that landed before Manhattan state supreme court justice Shirley Kornreich.

Private Claims Paved the Way for Government's JPMorgan Suit
Publication Date: 2012-10-02
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Tuesday was supposed to be the day that the federal government showed it's getting tougher on Wall Street malefactors. But we just kept getting reminded of how doggedly private lawyers have been hounding the banks at the center of the financial crisis.

Vodka Litigation with a Twist: Second Circuit Reinstates Russia's Stoli Trademark Claims
Publication Date: 2010-10-08
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If the fight over U.S. rights to the famed Stolichnaya trademark were a vodka martini, you could consider it both shaken and stirred by an appellate ruling reviving a case that Russia considers a matter of national pride.

October 05, 2012 | The Recorder

Viewpoint: BAR-ometer

Class action comeback ... CLE crackdown ... bad juror
1 minute read
In Blistering Repudiation of BofA Legal Strategy, Lehman Judge Orders Bank to Repay $500 Million Seized in 'Calculated Violation' of Bankruptcy Code
Publication Date: 2010-11-17
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The bank and its Shearman & Sterling lawyers wanted a declaratory judgment that BofA's post-Chapter 11 seizure of $500 million from Lehman was okay. Instead it got an order to return the money, plus interest, to Lehman--with possible sanctions against BofA yet to come.

Game Developer Survives Motion to Dismiss in Zynga Trade Secrets Row
Publication Date: 2012-02-08
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When Zynga launched its $1 billion IPO in December, the company could cite the stunning success of its Facebook social networking game FarmVille as a reason investors should sink money into the company. But a decision issued on Monday raises the possibility that the company may owe some of its success--not to mention a fair bit of cash--to a rival game creator.

Second Circuit Calls for State Court Assist in Refco Trustee Suit Against Mayer Brown and Auditors
Publication Date: 2010-01-04
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A federal appellate panel wants New York's highest court to clarify when a corporation can sue for fraud committed by corporate insiders.

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