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After several weeks of testimony about the disputed sale of Lehman assets to Barclays, how have the parties fared? We give our scorecard.
A year ago, when the Alabama Supreme Court wiped out $250 million in verdicts against pharmaceutical companies, defense lawyers predicted that the ruling would chill other states' cases accusing big pharma of deliberately overcharging for drugs by manipulating average wholesale price reports. Looks like they were wrong.
In their defense against the SEC's fraud allegations, lawyers for former Bear Stearns' managers Ralph Cioffi and Matthew Tannin argued that some claims were barred by the Supreme Court's ruling last year in Janus Capital Group, Inc. v. First Derivative Traders. But it's unclear if the Janus ruling, which arose from a private shareholder suit, applies with equal force to an SEC enforcement action. With the apparent settlement of this case, we'll have to wait for another case to find out.
A New Obstacle for Vioxx Case Attorneys: an Intermittent Trial Schedule
Lawyers trying the nation's next Vioxx suit, which begins Tuesday in Texas, will work with a less-than-favorable trial schedule calling for only four days in the courtroom a month. Because Judge Alex Gabert sits in three different counties, he set a trial schedule for the suit that allows for his travel around the district. That poses big challenges for lawyers on both sides, who will jockey to leave the jury with favorable evidence to ponder during the extended breaks in the trial.Six years have passed since a federal judge's ruling in favor of patent licensing company NTP Inc. nearly shut down BlackBerry service in the United States. But the legacy of the RIM litigation has been troublesome for NTP.
2003 NYLJ 100 Largest Law Offices
By most accounts, it has turned into a good year for New York's law offices. Buttressed by a booming economy that enjoyed 7.2 percent GDP growth in the third quarter, 57 of the 102 offices listed in the NYLJ 100 expanded in 2003. Track all the gains and losses in this annual report from the New York Law Journal Magazine.Creating a Culture of Compliance
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