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The settlement between Major League Baseball and Los Angeles Dodgers owner Frank McCourt didn't resolve all their differences: Baseball Commissioner Allan "Bud" Selig now wants the league's $7.6 million in legal bills and costs paid for by the team before it emerges from bankruptcy.
Proskauer, led by partner Sarah Gold, has helped Take-Two Interactive Software settle both a shareholder class action related to a spurned buyout offer from Electronic Arts and government investigations into stock options backdating.
Thanks to Courtroom View's live video stream of Burkle's closely-watched challenge to Barnes & Noble's poison pill, we got to see the vice-chancellor engage in some straight-talking colloquies with the billionaire investor.
Iridium in the Red and Under Fire
Satellite-phone company Iridium LLC has joined the parade of billion-dollar companies filing for bankruptcy court protection in Delaware, while dissident noteholders filed an involuntary petition against the company in New York. Iridium filed its Chapter 11 petition after its bondholders and its biggest investor, Motorola Inc., couldn't agree on a plan that would allow the cash-strapped satellite-telephone company to repay its debts.Billions of dollars of revenue were at stake in challenges to an antipsychotic co-marketed by Bristol-Myers and a Lilly lung cancer treatment. But courts in Delaware and New Jersey upheld the brands' patents.
J&J's lawyers from Patterson Belknap were all set to go after Boston Scientific for damages and willfulness at trial in Delaware, but Boston Scientific's new management is in a settling mood.
Who knows what will happen in billionaire Ron Burkle's proxy contest for three Barnes & Noble board seats. But as lead counsel for B&N in the Delaware trial to determine the legality of the bookseller's poison pill, Goldstein helped assure that Burkle goes into the contest owning less than 20 percent of the company's shares.
We're not surprised to see Quinn lawyers showing up at Samsung's side, given the close business relationship between Samsung and Quinn client Google.
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