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International Edition

Aviva sues former Dewey chiefs over 2010 bond offering

US subsidiaries of UK insurance giant Aviva have filed a lawsuit against the three former leaders of defunct law firm Dewey & LeBoeuf relating to the firm's $125m (£77.1m) bond offering in 2010. The claim was filed against former Dewey chairman Steven Davis, former executive director Stephen DiCarmine and former chief financial officer Joel Sanders on Friday (14 December) in Iowa Southern District Court by Aviva Life and Annuity Company and Aviva Life and Annuity Company of New York.
3 minute read

International Edition

Lord Phillips takes press reform role; Matrix, 5RB counsel advise papers

Former Supreme Court president Lord Phillips of Worth Matravers has been asked to advise on the establishment of a new press regulator, amid much scrutiny over the impact of Lord Justice Leveson's recommendations for media reform. Phillips has been asked by Press Complaints Commission (PCC) chairman Lord Hunt to work alongside former Labour culture secretary Lord Smith and Simon Jenkins, the former editor of The Times, to help devise the new regulatory body.
3 minute read

Inside Counsel

Chevron to pay $150 million in Brazil oil spill case

Chevron Corp. has agreed to pay roughly $150 million to settle Brazilian civil lawsuits stemming from a November 2011 oil spill.
2 minute read

Inside Counsel

Jury finds Apple infringed three mobile-phone patents

Last week, we told you about a recent study finding that patent trolls brought 61 percent of all patent lawsuits filed in 2012.
2 minute read

International Edition

CC picks up role advising Autonomy founder against HP claims

Clifford Chance is advising Autonomy founder Mike Lynch against allegations of financial impropriety and misrepresentation made by Hewlett Packard (HP), which acquired Lynch's software company last year for $11bn (£6.8bn). The magic circle firm also confirmed it is advising other former members of Autonomy's management. HP made the allegations in a press statement on 20 November, as it announced an $8.8bn (£5.5bn) write-down related to Autonomy in the fourth quarter of its 2012 fiscal year.
3 minute read

Inside Counsel

Facts & Figures: Litigation financing is here to stay

From patent trolls to shrinking law school classes, an inside look at the numbers that count
16 minute read

International Edition

Eastern agendas – the priorities of Asian in-house lawyers revealed

A window into the concerns and priorities of senior corporate counsel in China is provided in a new study conducted by the World Law Group (WLG), in conjunction with LexisNexis Martindale-Hubbell and ELD International. While the senior counsel participating in the Global Counsel Agenda 2012 study come from 30 countries worldwide, nearly 42% are based in Asia, with 20.4% in China (the questionnaire was provided in Mandarin).
8 minute read

International Edition

'Like something out of a movie' – key players recount the dramatic Berezovsky-Abramovich face-off

In 2009, a hacker known as 'Igor' managed to get hold of some highly sensitive documents that have gone on to play a crucial part in one of the most headline-grabbing disputes of recent times – Boris Berezovsky's multi-billion dollar battle with business rival and Chelsea Football Club owner Roman Abramovich. Igor delivered the documents to a flat in Sloane Square belonging to Abramovich where, in his absence, a servant opened the package.
17 minute read

Inside Counsel

Litigation: No personal jurisdiction in Delaware over managers of state LLPs for breach of fiduciary duty claims

On Nov. 14, in New Media Holding Co., LLC v. Brown, Chancellor Leo E. Strine Jr., held that Delaware law provides no statutory basis for exercising jurisdiction over the manager of a Delaware limited liability partnership for breaches of fiduciary duty in the course of his work for the partnership,...
7 minute read

Inside Counsel

Pfizer settles Wyeth’s Protonix suit

Pfizer Inc. said yesterday that it will shell out $55 million to bring to an end to litigation surrounding Protonix, an acid reflux drug that Wyeth, now owned by Pfizer, produced and marketed in the early 2000s.
4 minute read

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