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July 19, 2007 |

Retention Is a Midsize Law Firm Priority

Attrition problems have prompted midsize law firms to hire development directors -- a trend megafirms have already invested in. But the smaller firms are bringing in career professionals for another reason: "Midsized firms don't want to lose associates who want the training they feel like they'd be getting" at large firms, says one legal recruiter. Lewis and Roca managing partner Kenneth Van Winkle says his firm is hiring a development director to help associates and nonequity partners become full partners.
5 minute read
March 30, 1999 |

Dollars & Centocor

Despite numerous objections, a Delaware Chancery Court judge approved a class action settlement that will provide about $44 million to investors who claim they were underpaid when marketing rights a heart drug were sold by Centocor Inc. to Eli Lilly and Co. According to the deal, if total end sales of the drug ReoPro reach $600 million, the biotechnology firm Centocor will make an additional payments of $5 million to the investors.
4 minute read
November 21, 2007 |

Results by City

44 minute read
In Vestigial Stent Case, Boston Scientific Wins Summary Judgment against Johnson & Johnson
Publication Date: 2010-01-22
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In one of the few cases that outlasted last year's $716 million stent patent settlement between the two bitter rivals, Boston Scientific's team from Kenyon & Kenyon and Howrey pulls out a big victory.

July 28, 1999 |

Walrath Throws Out Continental Suit; Orders Pilots to Pay Airline's Legal Fees

A Delaware judge has thrown out a more than $1 billion lawsuit against Continental Airlines by 300 former Eastern Airlines pilots seeking back pay and jobs denied them after Continental filed for bankruptcy court protection in Delaware in 1990. U.S. Bankruptcy Judge Mary Walrath in Wilmington ordered the pilots to dismiss their suit against Continental and directed them to pick up the tab for the airline's legal bills.
3 minute read
September 07, 1999 |

ICO Global's Cash Crunch Leads to Bankruptcy

Satellite-telephone provider ICO Global Communications Ltd. has been forced by a cash crunch to join the parade of multi-billion dollar companies that have sought protection in Delaware this year to reorganize themselves. ICO hoped to create the world's third global satellite-telephone network, but ended up following the footsteps of Iridium LLC, which decided to seek protection from creditors in Delaware two weeks earlier. Iridium was the first to offer satellite-telephone calling.
3 minute read
May 11, 1999 |

Praising an Appraisal

The Delaware Supreme Court upheld a ruling that minority shareholders of M.G. Bancorporation should have received $85 a share in the cash-out merger with Southwest Bancorp instead of the $41 offered. This means that minority shareholders who participated in the appraisal action and own about 18,200 shares will get a minimum of $1.55 million.
3 minute read
Cravath Wins Poison Pill Case for Barnes & Noble
Publication Date: 2011-03-04
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Last month, Cravath failed in its efforts to upend Airgas's poison pill. But on Thursday, it succeeded in defending a poison pill put in place by client Barnes & Noble.

New Antitrust Complaint Against Genentech Raises Ghost of 2007 Supreme Court Loss
Publication Date: 2011-02-24
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Human Genome Science and its Simpson Thacher lawyers have filed a juicy complaint against Genentech, alleging that the rival biotech conspired with CellTech to lock up a monopoly on the therapeutic antibody process until 2018. But HGS isn't the first plaintiff to make such claims.

March 30, 1999 |

Settlement OK'd in Suits Over 3-D Geophysical Aquisition

A Delaware Chancery judge has approved 3-D Geophysical Inc.'s settlement of a shareholder suit opposing Western Atlas Inc.'s $114 million acquisition of the oil services company last year. Also approved was $150,000 in fees and expenses for the plaintiffs' lawyers. Western acquired 3-D in May 1998. The suit was settled in exchange for more information about 3-D's operations and a $1.5 million cut of the transaction's proposed $5.5 million breakup fee.
2 minute read

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