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Cite as: In re Lehman Brothers Holdings Inc., et al., 08-13555 (JMP), NYLJ 1202475147459, at *1 (SDNY, Decided November 16, 2010)Bankruptcy Judge James M. Peck
A federal judge in Philadelphia allowed class antitrust claims against some of the country's top egg producers to move forward, though she granted motions to dismiss by one producer and an industry trade group.
Samsung, a Korean company, told a San Jose jury Tuesday that Cupertino-based Apple is threatening to ruin the culture of Silicon Valley, as Apple tried to hammer home its copycat claims.
If Latham & Watkins ekes out a win for its client in a hard-fought patent case over language translation technology, lead lawyer Douglas Lumish may have his opponent's expert to thank.
If we keep going at this rate, there soon won't be a prominent securities litigator in New York who's not involved in a suit challenging the bond insurer's restructuring. The banks' suit--the third in as many months against MBIA--is led by Sullivan & Cromwell, but S&C is not alone on the complaint. Not by a long shot.
Judge Says Government 'Distorted the Truth-Finding Process' in Broadcom Case
U.S. District Court Judge Cormac Carney, who dismissed the entire criminal stock options backdating case against two former Broadcom Corp. executives Tuesday, concluded that the government's handling of the case "distorted the truth-finding process" and made a "mockery" of the defendants' due process rights. "For these constitutional rights to have true meaning, the government must not do anything to intimidate and improperly influence witnesses," Carney said. "Sadly, they did so in this case."A New York state appellate court has clamped down on an attempt by a group of hedge funds to get around the U.S. Supreme Court's Morrison decision. Reversing a lower court ruling, the appellate panel found that the hedge funds were barred from suing Porsche AG because neither the defendant nor most of the plaintiffs are New York state residents. The litigation was sparked by Porsche's 2008 announcement that it had amassed close to a 75 percent stake in Volkswagen, which was a disaster for hedge funds that had shorted VW's stock or made swap deals based on its share price.
Where Have All the Securities Class Actions Gone?
Securities class actions are on the wane. For decades, the cases kept coming, and corporate America fought them hard. But last year, plaintiffs filings were down nearly 40 percent from the previous year, and the downward trend is expected to continue. While this is a fantasy-come-true for corporate America, it's something very different for corporate defense firms. Most defense lawyers feign indifference and say that other matters are keeping them busy -- but are they whistling past the graveyard?Trending Stories
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