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Judge Chin Rejects Google Digital Library Settlement with Authors and Publishers, Citing Antitrust and Copyright Concerns
Publication Date: 2011-03-22
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The judge granted preliminary approval to the settlement--which would have permitted the digitization of millions of books and granted copyright holders a share of Google's revenue--back in November 2009. But objectors to the deal, including the Justice Department, ultimately convinced Judge Chin the settlement wasn't "fair, adequate, and reasonable."

April 05, 2000 |

High-Tech Anxiety

Corporate securities litigation has never been big business in Washington, D.C. Until now. Plaintiffs' lawyers rushed to Alexandria, Va., last week to file at least 15 stock fraud class actions against Virginia-based MicroStrategy on news that the company had to dramatically restate earnings for the past two years. While the cases are not the first stockholder suits to be filed in the Eastern District, local litigators and attorneys for emerging companies see the flurry as a signal of stormy weather ahead.
6 minute read
April 29, 2013 |

Are We on the Cusp of Major E-Discovery Rule Changes?

By this time next year, we may be on the cusp of another major set of amendments to the discovery provisions of the Federal Rules of Civil Procedure.
5 minute read
March 08, 1999 |

Fatal Flaw: Lack of Detail Gets Aetna Shareholder Suit Dismissed

Finding that all of the plaintiffs' allegations were founded "on information and belief," a Pennsylvania federal judge on Thursday dismissed a class action shareholders' suit against Aetna Inc.
6 minute read
In Ceglia-Facebook Dispute, the Mysterious "Kasowitz Letter" Surfaces
Publication Date: 2012-11-21
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But questions remain. What happened when a Kasowitz partner determined that his client Paul Ceglia, who claims he was granted half ownership of Facebook, had fabricated evidence?

July 06, 1999 |

NYC v. NYS in Securities Suit

The pension funds for New York City and New York State are fighting over control of a massive securities fraud litigation. The litigation, which will probably combine some 40 lawsuits, stems from April's 48 percent nosedive in the stock price of McKesson HBOC Inc., the nation's largest drug wholesaler. The state and city pension funds have filed competing motions to be named as lead plaintiff in the shareholder class action. At stake: Millions of dollars in fees for the winning pension funds' legal team.
5 minute read
June 19, 2003 |

Mediator Named in Enron Case

Senior Judge William C. Conner of the U.S. District Court for the Southern District of New York, who oversaw litigation in some of the major accounting fraud scandals of the 1990s, has been called upon to mediate among claimants in the Enron Corp. bankruptcy and shareholder class actions. The mediation is non-binding and the parties' amenability to settlement remains unclear.
3 minute read
January 31, 2012 |

Personal Notes on Lawyers

Pillsbury Winthrop Shaw Pitman has added two finance partners from Stroock & Stroock & Lavan and other New York moves.
2 minute read
May 17, 1999 |

'Lead Plaintiff' Gets Lesson in Securities Class Actions

Charles Chalmers, a San Francisco lawyer, unknowingly became a "lead plaintiff" in one of 23 class actions alleging securities fraud by Digital Lightwave Inc., a maker of test products for high-speed telecommunications networks. Chalmers' experience sheds light on what happens in practice under the reforms to investor class actions that Congress enacted in 1995 to target abuses by plaintiffs lawyers. And if his saga is any example, the law may not be working as Congress intended.
8 minute read

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