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A federal jury in Delaware found Friday that Cisco caused the demise of XpertUniverse by backing out of a business partnership with the tiny tech company. Cisco lost on one count of fraudulent concealment and on two counts of infringing XU patents on methods of putting businesses in touch with call-center experts.
In further evidence that international securities plaintiffs are invading U.S. courts, Coughlin is claiming on behalf of a group of Hong Kong investors that HSBC failed in its obligations to back Lehman investment products.
Motorola Mobility, the $12.5 billion apple in Google's eye, can now claim the dubious honor of being sued by the mammoth patent aggregator Intellectual Ventures.
The proposed settlement still leaves the country's largest fresh egg producer and its lawyers at Gibson Dunn fighting price-fixing claims from indirect purchasers and opt-out direct action plaintiffs.
The defendants claimed that Chinese law compelled them to form a cartel to sell vitamin C, and the Chinese government even hired Sidley Austin to support that argument. But the companies still can't escape class action litigation over the alleged price-fixing, a Brooklyn federal judge ruled Tuesday.
If there is a firm model built for the dawning post-recession era, it's probably a litigation boutique with low overhead and a flexible billing structure. That model has attracted two new converts: Steven Molo of Shearman & Sterling and Jeff Lamken of Baker Botts have announced that they're leaving their firms to start up MoloLamken.
We suspect that AIG will live on as a litigant long after the company is dead and gone. In the latest development, defendants in a long-running Delaware derivative suit are asked to be dismissed from the case.
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