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Four different plaintiffs firms filed separate suits in New York and Delaware to block Allion's private equity buyout, even though more than 99 percent of the outstanding shares voted to support the deal. After months of litigation the class actions settled--but then the plaintiffs lawyers started fighting about how to split their $1 million fee award.
Company Loses $271 Million Claim Over Wireless Patents
In the 1980s, Melbourne, Fla.-based Harris Corp. was awarded two patents for infrastructure equipment used in cellular phone systems. In 1995, Harris entered into a joint venture with MLMC Ltd., which went on to sue several other cell phone companies, charging they infringed on analog and digital patents. On Dec. 4, a Delaware jury found no infringement and found the analog patent invalid.Ineligible Pro Hac Vice Attorneys, In-House Counsel and Multijurisdictional Practitioners
Notice to the bar.Our good friend David Marcus of The Deal has an early tip sheet on leading contenders for the seat Lamb will surrender in July. One thing we know: The next vice-chancellor will be a Republican.
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