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Victims of convicted Ponzi schemer R. Allen Stanford finally got some good news Monday when their class claims against law firms and other advisors accused of aiding in the multibillion dollar fraud were restored. And that's bad news for the primary targets of the litigation, which include Proskauer Rose, Chadbourne & Parke, and Adams & Reese.
IP Rights in Joint Development Projects
Companies involved in joint development projects often agree to joint ownership of the intellectual property rights in the technology without appreciating the legal consequences of that decision. The law applicable to joint owners could cause results that the parties never intended and would prefer to avoid. This article identifies the potential pitfalls and alternatives to joint ownership and suggests appropriate contractual provisions for a joint ownership arrangement.Judge James P. Flanagan SUFFOLK COUNTY District Court Judge Flanagan This ma
Buckley, P.J., Nardelli, Tom, Mazzarelli, Ellerin, JJ. 2515 Mario P. Vitale, Plaintiff-Respondent, Clifford James -against- Saul P. Steinberg, et al.
Fraud Claim Against Milbank Dismissed
Milbank, Tweed, Hadley & McCloy conceded its liability for the dismissal of a client's claim in Bankruptcy Court because of the actions of its former partner, but it will not be held liable for punitive or treble damages, a New York state judge ruled. John G. Gellene was representing the South Street Funds on a claim it asserted in a bankruptcy. Gellene received documents sought in discovery, but never provided them to the bankruptcy trustee.Shareholders' lawyers will get to see whatever the bank has turned over to Congress, the SEC, the New York attorney general, and other investigators--including, most likely, the communications between BofA and its lawyers that have already been turned over to the government.
Last March the Second Circuit seemed poised to dismiss Judge Jed Rakoff's rationale for scuttling Citigroup's $285 million settlement with the Securities and Exchange Commission. Citi and the SEC should be feeling much less confident now.
Are Meet-and-Confer Efforts Doing More Harm Than Good?
Two recent surveys suggest that meet-and-confers may lead to a delay and an increase in e-discovery disputes between parties, observe attorneys H. Christopher Boehning and Daniel J. Toal.Luiz A. Gonzalez, P.J. Peter Tom John W. Sweeny, Jr. James M. Catterson Dianne T. Renwick, JJ. 274 Ind. 603756/07 Amaranth LLC, et al., Plaintiffs-Appellants-Respondents,/p
District Judge Miriam Goldman Cedarbaum U.S. DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK Appearances: Attorneys for Plaintiff: By: Karen R. K
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