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Cite as: In Re: Fosamax Products Liability Litigation, 06-MD-1789-JFK, NYLJ 1202472908352, at *1 (SDNY, Decided October 04, 2010)District Judge John F. Keenan/
Trial of the only defendants so far charged with subprime-implosion-related crimes is set to start this week. And despite the best efforts of prosecutors--who argued that lawyers for former hedge fund manager Matthew Tannin were aware of his alleged destruction of e-mails--Brune & Richard will be at the counsel table for Tannin.
United States, plaintiff v. Broadcast Music, Inc., defendant-appellee
Court, as Rate Court, Must Explain Calculation Of Fair Market Value to Disputed Music RightsIn re New Times Securities Services Inc., debtors v. Giddens, defendants-appellants
Securities Investor Protection Act Protects Customers Not Ponzi Scheme�s Victim �Lenders�There's nothing unusual about judges awarding attorneys' fees to the winning side in certain types of cases. But in a bitter dispute between the Internet entrepreneur Halsey Minor and the auction house Christie's, both sides have been awarded fees--and Christie's has gotten a lot more for its Skadden counsel, even though, by most standards, it lost the trial.
The hotly anticipated trial hasn't exactly been going gangbusters for Lehman, its creditors, and the bankruptcy trustee. They're trying to show Barclays conspired to realize an $11 billion windfall in the September 2008 purchase of Lehman's brokerage assets, but witnesses have testified more about confusion and chaos than about conspiracy. Thursday was a good day for the plaintiffs, though.
Remember when JPMorgan Chase dropped Linklaters after the firm agreed to represent Barclays in a suit against Bear Stearns? Looks like Linklaters lost Morgan as a client for nothing: Barclays has dropped the Bear Stearns suit, which involved subprime-related hedge fund losses.
In what appears to be the first decision to address a controversial interpretation of the high court's landmark securities decision, a federal judge rejected plaintiffs' arguments that investors who purchased shares abroad could still bring claims in the U.S.
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