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Ineligible In-House Counsel, Multijurisdictional Practitioners and Pro Hac Vice Attorneys
Notice to the bar.Getting the Delaware Chancery Court to permanently block a deal is no easy feat, but Pickhardt pulled it off on Monday for BankAtlantic investors hoping to scuttle the bank's sale of $2.1 billion in loans and $3.3 billion in deposits to BB&T.
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.
Quinn Emanuel's Jonathan Pickhardt, who took the lead at trial for the BankAtlantic investors hoping to scuttle the deal, hailed the decision as a "terrific victory" and a confirmation of the sanctity of contracts, even during times of financial distress.
$4 Billion Suit Against Akin Gump Highlights Hedge Fund Representation Risks
A $4 billion damages claim filed against Akin Gump by two former hedge fund managers who claim the firm advised them that late trading was legal is a new development for law firms and shows the risks they face as they try to reap the rewards of representing private investment funds. The funds generate high legal bills, but they're apt to strike back hard if they feel firms have led them astray. In a typical securities class action, a law firm is a minor defendant after deep-pocket financial institutions.Health Fund Suits Against Tobacco Giants Rejected
A 2nd U.S. Circuit Court of Appeals panel ruled Friday that two New York union health funds and four public employees' health plans can't proceed with class action suits against major tobacco companies. The panel said in Laborers Local 17 Health and Benefit Fund v. Philip Morris Inc. that the economic damages allegedly suffered by the plaintiffs were too remote to be actionable. Last month, the 3rd Circuit upheld the dismissal of a similar labor fund class action in Pennsylvania.Cite as: Saleh Holdings Group, Inc. v. Chernov, 650177/2010, NYLJ 1202482129411, at *1 (Sup., NY, Decided January, 2011)Justice Bernard J. Friedp class="de
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