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New York Law Journal

Investment Fund Sues Biopharma Company, Claiming $9 Million Unpaid in Contract Breach

An investment fund is seeking an order requiring Dendreon to perform its obligations under the agreement and pay the $9 million plus accrued interest, along with attorney fees and costs.
3 minute read

New York Law Journal

Must a Notice of Default Instruct the Tenant 'How To Cure?' Reconciling a Dichotomy Under the Case Law

"At first blush, adding to the Chinatown test a requirement that the notice instruct the tenant "how to cure" might be viewed as a boon to tenants, because it imposes upon the landlord, as the drafter of the notice, an additional prerequisite to the notice's effectiveness. But in fact, such a requirement would substantially diminish the tenant's rights."
14 minute read

Legaltech News

DraftWise Launches 'Markup,' Gen AI-Powered Contract Drafting, Review and Redlining Tool

In addition to announcing Markup, DraftWise also said it will now be using one of the most recent generative AI models from Anthropic, Claude 3 Opus, citing its superior recall abilities and larger context window.
6 minute read

New York Law Journal

Manhattan Court Dismisses $80M Breach-of-Employment Contract Suit Against Blockchain Firm Chainalysis

Judge Joel M. Cohen of the Commercial Division of the New York Supreme Court sided with Chainalysis, who was represented by counsel from Skadden, Arps, Slate, Meagher & Flom, granting the company's motion to dismiss plaintiff Blake Ratliff's breach-of-contract suit for failure to state a viable claim for relief, and finding the suit untimely, according to a June 7 decision.
5 minute read

Delaware Business Court Insider

Musk's Focus on X Has Come at Tesla's Expense, Shareholder Lawsuit Claims

"Neither Musk's past success nor his importance to Tesla's business gives him carte blanche to treat his fiduciary duties to Tesla as optional," the complaint states.
4 minute read

Connecticut Law Tribune

With Employment Law in National Spotlight, Contractor Scores in Trade Secrets Lawsuit

In the complaint, the plaintiff alleged that the individual defendants "secretly conspired" with American Piping Inspection by soliciting the plaintiff's employees and clients, took Acuren's property and confidential information, and "disparaged and undermined" the plaintiff's business connections.
3 minute read

Legaltech News

Sirion Acquires Eigen Technologies to Expand Capabilities and Financial Services Footprint

Sirion noted that the deal will allow it to expand its data extraction capabilities to more documents beyond contracts.
2 minute read

New York Law Journal

If Non-Competes Are Out, What's In? Alternative Ways Employers Can Protect Their Companies

The FTC recently voted to approve the final Non-Compete Clause Rule, effectively banning most forms of non-compete agreements. In the event the FTC's Final Rule does become effective, employers should be prepared with alternatives to non-competes.
6 minute read

The Recorder

California's State Attorneys Union Leads Charge Against Return-to-Office Orders

The governor wants state workers to return to their offices at least two days a week by June 17. California Attorneys, Administrative Law Judges, and Hearing Officers in State Employment, the attorneys union better known as CASE, says the directive is arbitrary.
5 minute read

Legaltech News

In Contract Management, Standards Lag Behind Investment

Current research from Gartner and the Blickstein Group report both an increase in overall spend to improve core legal department processes and that more than 40% of in-house teams will update, evaluate or implement new tools within the next 12 months.
4 minute read

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