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Labaton Sucharow and Berman DeValerio Pease Tabacco Burt & Pucillo get the nod--but there wasn't much competition. Plus: How many securities class actions were filed in 2008, anyway?
Alschuler Grossman's Great Divide
Marshall Grossman and Larry Stein, the heavyweights behind Alschuler Grossman Stein & Kahan, officially divorced Jan. 1 after a yearlong tug-of-war over the future of the 90-lawyer firm they fused together seven years ago. Now they have their own firms, just one floor apart in a Santa Monica, Calif., building. The split leaves Grossman (pictured) head of a 40-plus-lawyer commercial litigation firm with a shortened name -- Alschuler Grossman -- and with thoughts of making a quick marriage to a national firm.A federal judge in Arizona refused to dismiss claims that Greenberg helped to facilitate a $200 million fraud allegedly run by its former client, Mortgages Ltd.
Theranos Inc. and its lawyers at Boies Schiller claimed that McDermott, Will & Emery failed to stop a former partner from funneling the company's confidential information to family members pursuing competing patents.
China Tries New Tactics in Patent Fight
As China strives to shed its counterfeiter image and enhance its global economic standing, litigation against the country is growing. Because losing a suit could block entry to the U.S. market, Chinese companies are hiring prominent American law firms to represent them in U.S. courts. "What we're seeing now is that the Chinese are becoming much more educated about the IP system and what they can and cannot do," says Cecilia Gonzalez, Howrey's intellectual property practice co-chair.Thanks to California's stringent antispam law, ValueClick was facing potentially enormous damages in a case in which Hypertouch accused the Internet ad company of sending out 45,000 e-mails containing false claims. But Gibson Dunn successfully argued that Hypertouch's claims were preempted by the federal CAN-SPAM Act.
A long-running ERISA class action against Bear Stearns ended with a whimper this week when employees who claimed to have lost $215 million when their retirement savings were invested in Bear Stearns stock agreed to settle for $10 million.
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