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New York Law Journal

Seiden v. Schwartz, Levitsky, and Feldman LLP

Jurisdiction Over Canadian Accounting Firm Lacking in Suit Over Audit Opinion's Statements
3 minute read

Corporate Counsel

Corporate FCPA Enforcement in the Era of Trump

As the penalties being extracted by the United States from multinational corporations for violations of anti-corruption statutes have skyrocketed in recent years, an increasing number of other countries have begun to pass or enhance their own laws prohibiting, among other things, bribery of foreign officials, and have increased the financial penalties applicable to businesses that violate those laws.
7 minute read

Daily Business Review

The Wish List From Business for How to Change Finance Rules

BlackRock Inc. wants Congress to change an aspect of the Volcker Rule that is causing headaches within its hedge fund business. Billionaire Paul Singer wants risky derivative bets curtailed and says regulators should lose their authority to step in when large banks are failing. Uber Technologies Inc. says Washington should eliminate red tape that makes it difficult for the private ride-hailing company to issue shares to its drivers.
3 minute read

The Legal Intelligencer

Mark Hershey Farms, Inc. v. Robinson, PICS Case No. 17-0889 (Pa. Super. May 25, 2017) Dubow, J. (10 pages).

Doctrine of piercing the corporate veil could not be extended to the sole heir of an estate which possessed the equity interests of a corporation, where the estate administration had not yet been completed and the interests had not yet passed to the heir. Judgment reversed.
6 minute read

The Legal Intelligencer

Mut. Industries, Inc. v. Am. Int'l Industries, PICS Case No. 17-0891 (E.D. Pa. May 24, 2017) Surrick, U.S.D.J. (22 pages).

Summary judgment was premature where plaintiff alleged sufficient facts for a fact-finder to conclude that defendant acted with intent to harm plaintiff by convincing plaintiff's distributors to cancel their contracts with plaintiff. Defendant's motion for summary judgment denied.
3 minute read

The Recorder

Handicapping Site to Pony Up $500,000 to Pay Horse Racing Tracks

The Stronach Group, operators of horse race tracks across the nation, has cashed in its winning ticket in a settlement and is set to receive $500,000 over the next year from the owners of Derby Wars, a handicapping contest website it sued in 2015.
3 minute read

New Jersey Law Journal

Satec, Inc. v. The Hanover Ins. Grp., Inc.

Expert Report Constituted Net Opinion Where Based on Experience Not Informed by Industry-Accepted Standards and Practices
3 minute read

Daily Business Review

Burger King Grilled Over Claims It Misled Business Partners

A new lawsuit filed in federal court in Miami accuses Burger King Corp. of deceiving lenders.
8 minute read

The Legal Intelligencer

Gutteridge v. J3 Energy Group, Inc., PICS Case No. 17-0869 (Pa. Super. May 17, 2107) Lazarus, J. (33 pages).

Trial court correctly awarded judgment in favor of appellee in his breach of contract, tortious interference with contractual rights, and promissory estoppel action after his business deal with appellant fell apart because trial court properly held appellant personally liable for the judgment entered against his corporation. Affirmed.
3 minute read

The Legal Intelligencer

Liability Phase in Cephalon Reverse-Payment Trial to Be Bifurcated

The upcoming antitrust trial over Cephalon's alleged reverse-payment settlements with generic drug companies needs to be bifurcated at the liability phase, a federal judge has ruled.
10 minute read

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