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A New York state appellate court has clamped down on an attempt by a group of hedge funds to get around the U.S. Supreme Court's Morrison decision. Reversing a lower court ruling, the appellate panel found that the hedge funds were barred from suing Porsche AG because neither the defendant nor most of the plaintiffs are New York state residents. The litigation was sparked by Porsche's 2008 announcement that it had amassed close to a 75 percent stake in Volkswagen, which was a disaster for hedge funds that had shorted VW's stock or made swap deals based on its share price.
Government lawyers sought Tuesday to put hundreds—if not thousands—of civil cases on hold, while regulatory agencies went dark and more than 1,000 Department of Justice lawyers across the country stayed home without pay.
Standards-essential FRAND patents were big news over the past week, as was litigation over Google's moneymaker AdWords. Plus, looking ahead to Supreme Court arguments in a case over sneakers that could leave a big footprint in patent and trademark law.
With legal battles forcing JPMorgan Chase & Co. to set aside an eye-popping $23 billion for litigation costs, several Am Law 100 firms are reaping hefty legal fees for their work representing the bank, including Sullivan & Cromwell, Wilmer Cutler Pickering Hale and Dorr, and Paul Weiss Rifkind Wharton & Garrison.
The waning days of September brought the end to a slew of big patent cases involving R.J. Reynolds, Freddie Mac, LG, and others, with Verizon alone agreeing to pay more than $500 million to put two separate infringement suits to rest.
A four-judge majority found no reason to meddle with New York's long-established interpretation of the in pari delicto doctrine.
Judge Lucy Koh on Monday decided that she couldn't issue permanent injunctions against 26 Samsung products that a federal jury found violated Apple's patents. Her order applies a heightened standard established by the Federal Circuit that requires patentholders to show a direct link between lost market-share and a specific infringing feature of a competitor's product.
There's a reason Lumish has been a hot ticket lately on the lateral market: In his first trial since joining Latham in May, the IP litigator knocked out patent claims against TransPerfect Translation International that had threatened to derail the company's business, leaving his adversaries saddled with a $1 million damages award instead.
The phrase "bet-the-company case" gets thrown around a lot. But when Rosenkranz took over MGA's appeal of a sweeping injunction that turned over its billion-dollar Bratz doll franchise to Mattel, he truly did save his client from corporate extinction.
The U.S. Supreme Court on Wednesday sharply limited the reach of a federal law used to hold corporations and others accountable for human rights abuses committed abroad. But human rights lawyers predicted additional litigation over how much of the federal courthouse door was left ajar.
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