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Companies Try New Approach: Settling for More
Lopping three years off a patent to settle litigation doesn't seem like a strategy investors would applaud. But when Cephalon announced that as part of an agreement with generic drugmakers it would shorten the lifespan of its best-selling drug Provigil, the pharmaceutical company's stock price soared more than 70 percent. The move meant Cephalon would forgo potential sales of up to $2 billion, but the company gained assurance that it could market Provigil for six more years -- without litigation.14 California Firms Land on Am Law 200
In America Lawyer magazine's Second Hundred, several California firms rose on healthy revenue gains � and even healthier profit increases.Federal Judge Calls Foul in Race to Courthouse
A Pennsylvania federal judge has refused to dismiss a suit under the "first-to-file rule" after finding that the defendant's decision to file suit first was motivated by "bad faith" and "forum shopping." The plaintiff sent the defendant a "cease-and-desist" letter that threatened a lawsuit in five days. The defendant then filed suit in California one day before the deadline. The judge found that the California suit was an "anticipatory" filing and "not entitled to the benefits of the first-filed rule."A Buyer's Guide to Law Firm Software
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