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National Law Journal

Baker McKenzie, Representing Moscow-Based Kaspersky Lab, Sues Trump Over Software Ban

The complaint accused U.S. officials of denying Kaspersky any meaningful chance to defend itself, and argued that the government did not have sufficient evidence to order agencies to stop using the company's software products.
4 minute read

Daily Business Review

Miami Beach Hotel Mired in Lawsuits Alleging It Owes Money to Former Employees

Hotel Astor is being sued by two former staff members and a former hotel management company.
5 minute read

Litigation Daily

Litigator of the Week: A Mega-Bank Battle With Billion-Dollar Implications

Given the magnitude, complexity and high stakes of the dispute, Joseph Frank, who is global co-head of Shearman & Sterling's securities litigation and enforcement practice, was our clear-cut choice for litigator of the week.
21 minute read

New York Law Journal

Firm Tied to Russian Treasury Fraud Accuses US of Bad Faith in Executing Settlement

On Thursday, the fifth anniversary of the enactment of the Magnitsky Act, the U.S. law named for the lawyer who exposed a $230 million fraud from the Russian Treasury, a prosecutor called on a federal judge to enforce a settlement agreement in which an entity accused of laundering those funds agreed to pay $5.9 million.
5 minute read

New York Law Journal

New NYC Ordinance Limits Inquiry Into Prospective Employee's 'Salary History'

In his Executive Compensation column, Joseph E. Bachelder III writes: Prospective employers subject to N.Y.C. Admin. Code §8-107, Subdiv. 25 should take a number of steps to comply with the new rule making it unlawful to inquire about the salary history of an applicant for employment or to rely on the salary history of an applicant in determining the salary, benefits or other compensation.
10 minute read

The Recorder

As Stakes Rise in Cryptocurrency Spat, Ripple Loses Bid to Keep R3 Suit in Calif.

The dispute between the two financial blockchain companies will move to state court in Manhattan, with nearly $2.4 billion now on the line.
4 minute read

Delaware Business Court Insider

Divided Del. Supreme Court Upholds Denial of $50M in Milestone Payments

The Delaware Supreme Court on Tuesday narrowly upheld a Delaware Court of Chancery ruling that denied a $50 million bonus payment to former investors in Calistoga Pharmaceuticals Inc. for partial European approval of a new blood-cancer treatment drug.
4 minute read

Delaware Business Court Insider

Company Can't Back Out of Oral Agreement to End Proxy Fight, Slights Rules

An investor in Innoviva Inc. has finally won its fight to appoint two directors to the drug developer's board, after the Chancery Court on Dec. 8 ruled that the company was bound to honor a last-minute deal to resolve a dramatic proxy fight.
4 minute read

New York Law Journal

How Can a Successor Licensee Benefit From Ambiguous Terms in an Existing License?

Technology Law columnists Richard Raysman and Peter Brown discuss a recent decision which held that the ambiguous term of a license meant that the licensee could not prevent the licensor from negotiating and executing a term sheet with a successor licensee, during the final year of the license.
8 minute read

The Legal Intelligencer

Court Sides With Students in Dispute Over 'So-Called' Security Deposit

In E.S. Management v. Gao, 2017 Pa. Super. LEXIS 925 (Nov. 15), the Superior Court of Pennsylvania recently upheld a verdict against a landlord who attempted to pressure individuals to enter into a lease arrangement or risk losing their so-called “security deposit.”
9 minute read

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