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Edited by Alison Frankel and Ben Hallman

TOP STORY

November 7, 2009

Appellate / IP

Bilski Supreme Court Preview: Finnegan Lawyer Challenging 'Machine or Transformation' Patent Test Says He's Ready

On Monday the high court will hear the Bilski case, in which the justices will consider the Federal Circuit's tough standard for business method patents. All of corporate America, it seems, is counting on Michael Jakes to persuade the Court to loosen the standard.

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VIDEO

Sidebar: Challenges Facing the SEC

Ralph Ferrara of Dewey & LeBoeuf talks to the Litigation Daily about the challenges facing the Securities and Exchange Commission.

Securities

With $667 Million Complaint Against BB&T, Dow Corning Is Latest Company to File Big-Money Auction-Rate Securities Suit

ARS litigation isn't dead after all: The biggest holders of the now unsalable securities weren't covered by regulatory buybacks. Now they're filing hundred-million-dollar suits.

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Regulatory

Akin Gump on $296 Million Boston Scientific Defibrillator Settlement with Justice Department

The defibrillator made by a Boston Scientific subsidiary has been the source of litigation since it was recalled in 2005. In 2007, the company paid almost $200 million to resolve 8,000 product liability suits. On Friday, Justice took another $296 million.

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Bankruptcy

Weil Turns Over Documents to Barclays Counsel in Lehman Bankruptcy Litigation over Barclays Deal

Remember the fiery September motion by Lehman's special litigation counsel from Jones Day that claimed the investment bank's hurry-up asset sale to Barclays was tainted by secret side deals? Well, Barclays fired back with a subpoena for documents from the firm that represented Lehman in the deal: Weil Gotshal.

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Tax

McKool Smith Wins $20 Million Verdict in Hotel 'Bed Tax' Class Action Against Online Travel Companies

Should companies like Expedia and Travelocity pay municipal taxes on the wholesale cost of hotel rooms--or on the price they eventually resell the rooms for? A Texas jury concluded the latter, and hit the travel services with a $20 million tax bill.

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