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Delaware Business Court Insider

Court Finds Verizon's Insurers Liable for Up to $48M in Legal Fees

A ruling unsealed by a Delaware judge says that Verizon Communications is due what it claims are more than $48 million in attorney fees and expenses accrued successfully defending a lawsuit filed against the telecom giant after it spun off a subsidiary that later went bankrupt.
16 minute read

New York Law Journal

Natixis Real Estate Capital Trust 2007-HE2 v. Natixis Real Estate Holdings, LLC

By | March 21, 2017
RMBS Trustee Not Sole Entity Able to Enforce 'Putback' Rights; Trust Administrator's Suit Timely
2 minute read

New York Law Journal

Loreley Financing (Jersey) No. 3 Ltd. v. Wells Fargo Securities, LLC

By | March 17, 2017
Dismissal, Summary Judgment Denied in Third-Party Suit Arising From CDOs' Default
3 minute read

New York Law Journal

The Race to the Bottom: Is the Last Stop New York?

In his Corporate Securities column, John C. Coffee Jr. of Columbia University Law School discusses a recent decision of the Appellate Division, First Department, writing: 'Gordon v. Verizon Communications' will ensure that the nuisance suit remains alive and well in New York and should bring the worst of the plaintiff's bar streaming back to New York. Unless the Court of Appeals reverses, New York will become celebrated as the jurisdiction of the judicial rubber stamp.
25 minute read

National Law Journal

Loyola Chicago Names Michael Kaufman as Dean

The expert in education law and securities regulation will start the job immediately.
4 minute read

Corporate Counsel

SEC Hits Another Marijuana Company Over Alleged Sham Earnings

The nascent legalized marijuana industry has never been easy for regulators, forcing difficult decisions over how to enforce federal laws in states that have cleared cannabis for medical and—in some cases—recreational use. But the U.S. Securities and Exchange Commission has a decidedly simpler calculation: If a marijuana company misleads investors, it's as ripe an enforcement target as another firm.
12 minute read

Litigation Daily

Shout-Out: Kirkland Just Made Chipotle Feel A Lot Better

Beleaguered Chipotle Mexican Grill has one less thing to worry about, thanks to Kirkland & Ellis. The fast-casual restaurant chain is off the hook in a shareholder class action stemming from a rash of food poisoning outbreaks in 2015.
10 minute read

New York Law Journal

Corzine Continues to Point Finger at PwC in MF Global Trial

Attorneys for PricewaterhouseCoopers sparred with Jon Corzine Friday, trying to get the former MF Global CEO to admit that the responsibility for the brokerage's meltdown in 2011 lay with him, not the accounting giant.
10 minute read

New York Law Journal

Gushlak v. USA

By | March 10, 2017
Ineffective Counsel Claim Rejected in Denial Of Coram Nobis Relief Vacating Restitution
3 minute read

New Jersey Law Journal

Former NJ Gov Says Credit Downgrades, Not Bond Bets, Doomed MF Global

Former New Jersey Gov. Jon Corzine said Thursday it wasn't his big gamble in Euro bonds that sunk MF Global in October of 2011, but a lack of market confidence spurred on by unjustified credit downgrades.
9 minute read

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