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Corporate Counsel

$10M John Deere Bribery Settlement Underscores Risks of Not Integrating Acquisitions

The Securities and Exchange Commission said that in the three years after Deere bought Wirtgen Thailand, the unit plied government officials with cash, massage parlor visits and lavish sightseeing trips to Europe. regulator found Illinois-based John Deere failed to integrate Wirtgen Thailand, a former German outfit into its existing compliance and controls environment after acquiring Wirtgen Group in 2017, resulting in "bribery schemes going unchecked for several years," the SEC's FCPA division enforcement chief Charles Cain said in a statement. "This action is a reminder for corporations to promptly ensure newly acquired subsidiaries have all the necessary internal accounting control processes in place."
4 minute read

Daily Business Review

Securities Claims Against Lilium N.V. for Electric Plane Production Delays Fail to Take Flight, Federal Judge Holds

"In this case, Plaintiff cannot recast the alleged misrepresentations as a 'scheme' to avoid the [Private Securities Litigation Reform Act's] heightened pleading standards for alleged misrepresentations," U.S. District Judge Robin L. Rosenberg of the Southern District of Florida said.
5 minute read

New Jersey Law Journal

Fortune 500 Company Sues Metals Supplier Alleging It Used Proprietary Info Obtained During Bidding Process to Poach Talent

This suit was surfaced by Law.com Radar.
1 minute read

The Legal Intelligencer

Black Worker Who Allegedly Faced Racist Harassment At Manufacturing Job Sues Employer, Staffing Company

This suit was surfaced by Law.com Radar.
1 minute read

Law.com

Fiber-Optics Manufacturer Secures $96M Verdict Against Former Executive Who Took Protected Info to Competitor

"We could not be more pleased for the client to be part of this amazing trial team," Maynard Nexsen shareholder Susan McWilliams said in a statement. "Securing this win was a gratifying end to a long and arduous litigation."
3 minute read

Litigation Daily

Expect Some Heated Litigation Over Workplace Temperature Regulations

Jason Mills of Morgan Lewis anticipates that proposed rules to protect workers from the heat will generate strong opposition and legal challenges to them might end up before the U.S. Supreme Court.
9 minute read

Delaware Business Court Insider

Intel Again Accused of Misleading Investors on Foundry Finances

It's the second case bringing similar allegations against Intel in the Delaware court.
3 minute read

Corporate Counsel

Champion Homes Taps Express Legal Chief for General Counsel Role

After a long career in the retail clothing industry, Laurel Krueger is taking the legal reins of one of the largest players in manufactured housing.
2 minute read

Law.com

Federal Circuit Affirms Invalidity of Sherwin-Williams' Paint Patents in Dispute With PPG

At trial, PPG argued that it had invented the technology more than two decades ago and argued that Sherwin-Williams' patents never should have been issued.
3 minute read

The Legal Intelligencer

Judge Approves $51M Settlement in Shareholder Suit Against Medical Equipment Company

The settlement includes $12.7 million in attorney fees for the plaintiffs' lead counsel.
3 minute read

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