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The Recorder

Affeld England & Johnson Secures $138 Million Verdict for Bitcoin Miner in Contract Breach Suit

The unanimous jury verdict was released Thursday following a two-week trial in federal court. Plaintiff Michael Ho, formerly a co-founder and CEO of US Bitcoin Corp. and now chief strategy officer at bitcoin mining company Hut 8 Corp., was represented by David Affeld and Edward Johnson.
3 minute read

Delaware Business Court Insider

Chancery Signals Overbroad Anticompetitive Agreements Won't Cut It—Again

The ruling represents an exception from the court's customary pro-contract mentality.
4 minute read

Texas Lawyer

Kirkland Client Dodges $60 Million Fraud Claim With Summary Judgment

Plaintiff's fraudulent inducement and breach of contract claims ignored the defendant's contract right to walk away from the deal by forfeiting its $3 million deposit, Kirkland & Ellis attorneys told the court.
3 minute read

Law.com

Federal Judge Orders $34K in Discovery Sanctions Against Dechert Client

Plaintiff's counsel with Ice Miller submitted a list of the work performed by four attorneys, which included 65.2 hours over the course of six months preparing and litigating the second motion to compel. The court concluded this was a reasonable number of hours, and agreed that the requested hourly rates ranging from $395 to $693 were lower than rates in a 2023 case in which the district court approved the rates of $1,085 for a partner and $735 for a senior associate.
4 minute read

National Law Journal

DC Circuit Nixes $120M Damages Award in Deadly Foreign Contract Dispute

"The court properly recognized that the Republic of Iraq and its Ministry of Defense are immune from suit in this country because this contract had nothing to do with the United States," Boaz S. Morag of Cleary Gottlieb Steen & Hamilton said of the D.C. Circuit's ruling overturning a $120 million damages award.
3 minute read

Law.com

'Endlessly Delay': Court Allows Generic Drug Company's Implied Breach of Duty to Proceed Against Partner

A federal judge in Illinois is allowing a drug company's lawsuit over the untimely development of drug medication to continue against pharmaceutical companies it had partnered with to develop medications.
4 minute read

The Recorder

Mitchell Silberberg & Knupp Files Copyright Claim on Music by Melanie, Utopia

Unidisc contends it owns the Canadian rights to the recordings of American folk singer Melanie and universal rights to the music of Utopia, an American band formed by Todd Rundgren. Brian Perera of Cleopatra Records refuted the claim, saying the company holds contracts with both artists.
4 minute read

The Legal Intelligencer

Phila. Insurance Defense Firm, Ex-Partner Square Off Over Loans

Attorney Kevin Berry says Vaughan McLean owes him over $350,000 that he contributed to help the firm pay off a $2 million loan. Founder Joseph Vaughan responded that Berry's misrepresentations over his book of business caused the firm to incur $10 million in litigation funding loans.
5 minute read

Daily Business Review

'Stab Venequip in the Back': Caterpillar Faces $100M Lawsuit in Miami Federal Court

The action is pending before U.S. District Chief Judge Cecilia Altonaga in the Southern District of Florida.
3 minute read

New York Law Journal

Trends in Litigation, Part 3: Oral Contracts and Quasi-Contracts

Adrienne Koch's third in her a four-part series that examines how litigation can shape the evolution of best practices in the real estate industry. This article focuses on circumstances in which contractual or contract-like liability can arise even in the absence of a written contract, and the importance of a drafting approach to avoid surprises.
6 minute read

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