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A group of heavyweight plaintiffs--represented by Bernstein Litowitz Berger & Grossmann--has brought its own suit against Bank of America, Countrywide, and several executives, believing they can do better than the class settlement that's already been approved.
Teva must be wishing it could do this one over. On Friday, Teva and Baxter were hit with the biggest punitive damages verdict in Nevada history, in the case of a man who claimed their sedative's improper packaging and labeling was to blame for his hepatitis C. Even worse: There are dozens more Nevada cases making the same claims.
It's been a tough week for MBIA, but the insurer and its lawyers at Quinn Emanuel caught a break Thursday in their case against Countrywide and BofA over billions in soured mortgage-backed securities. What's more, the ruling may revive similar fraud claims that MBIA and Ambac brought against Credit Suisse.
Shoring Up a Faltering Shearman
After a tough few years, Shearman & Sterling has a new leader charged with keeping the 133-year-old patrician firm in the top tier.When do derivative shareholder claims survive a corporate merger? That was the important question that the Delaware Supreme Court considered Wednesday during oral arguments in a case arising from Bank of America's acquisition of Countrywide Financial Corporation in 2008.
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