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Wednesday, May 25, 2011

Y! Alert: Law.com - Newswire


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In Split Vote, SEC Approves New Rules to Reward Whistleblowers Top
In a vote split along partisan lines, the U.S. Securities and Exchange Commission has approved final rules for rewarding whistleblowers who provide the agency with tips that lead to successful prosecutions.
 
U.S. Bankruptcy Court to Handle Foreign Madoff Feeder Fund Suits Top
Foreign liquidators of the Fairfield group of investment funds -- created to feed overseas investments into Bernard L. Madoff Investment Securities -- can pursue suits aiming to recover nearly $6 billion for investors in U.S. Bankruptcy Court rather than New York state court, a judge has ruled.
 
Sanford Wittels Ups the Ante in Bayer Gender Discrimination Class Action Top
With an amended complaint in the Bayer gender discrimination suit that expands the plaintiffs class and adds new, eye-popping harassment claims, Sanford Wittels seems intent on a replay of its $250 million victory against Novartis in a similar suit last year.
 
Conviction of Lawyers in Tax Shelter Case Seen as Deterrent Top
The deterrent effect of the Tuesday conviction of four people in the Jenkens & Gilchrist/BDO Seidman tax shelter fraud case, which has followed a series of guilty pleas in tax shelter cases, cannot be underestimated, say lawyers.
 
PTO Rejects Crucial Abbott Challenge to Stent Patent Top
Radiologist Bruce Saffran has already won two nine-figure verdicts over a medical stent patent, including a $482 million award against Johnson & Johnson. Now a U.S. Patent and Trademark Office decision may help him collect from a third stent maker, Abbott Laboratories.
 
Ruden McClosky says closing Miami, Boca offices will help it save millions Top
Beleaguered Ruden McClosky has closed or shrunk offices in Florida and imposed a 9 percent holdback on partners in moves that its management says are necessary to rightsize the faltering firm.
 
3rd Circuit Prevents Chevron From Taking Kohn's Deposition Top
A federal appeals court delivered a surprising twist in the epic series of battles between Chevron and Ecuador residents -- who won a $9 billion judgment against the company for polluting their home -- when it reversed a lower court order that gave Chevron the right to depose attorney Joseph C. Kohn.
 
Phila. Jury Awards $10 Mil. Over Child's Use of Motrin Top
A Philadelphia jury has awarded more than $10 million in a case in which plaintiffs argued that a young girl's use of Motrin caused a severe skin disease that left her blind in one eye and with skin sloughing off all over her body.
 
FTC Challenges Pay-to-Delay Drug Deal in Rare Amicus Filing Top
The Federal Trade Commission has filed an amicus brief in a class action that questions whether brand name drug companies can pay generic rivals to stay out of the market until a patent expires.
 
Former Weil Bankruptcy 'Star' Leaves for Claims Trading Business Top
Shai Waisman, a former business finance and restructuring partner at Weil, Gotshal & Manges and one of the top legal billers on the Lehman bankruptcy case, has left Weil to join claims trading operation Claims Recovery Group LLC, according to sources.
 
9th Circuit cites 'Twelve Angry Men' in reversing murder conviction Top
The 9th Circuit has reversed a murder conviction after finding that, unlike the story in the 1957 film "Twelve Angry Men," a lone juror was improperly dismissed during deliberations after indicating he would find the defendant not guilty.
 
9th Circuit Defines 'Print' in the Digital Age; Rules E-mailed Receipts Containing Credit Card Info Don't Violate Federal Law Top
In a ruling that hinged on the meaning of "electronically printed," lawyers for Expedia persuaded a 9th Circuit panel that the travel site didn't violate federal law when it emailed customers receipts containing credit card expiration dates.
 
Gibson Dunn Wins Federal Circuit Ruling on Scope of California Unfair Competition Law Top
The Federal Circuit has ruled in favor of Allergan in a suit over eyelash enhancers, finding that California's far-reaching unfair competition law does not limit claims of economic losses to parties with direct business dealings.
 
Curtis Mallet Opens Office in Turkmenistan Top
Curtis Mallet is the first major Am Law 200 firm to open an office in Ashgabat, the capital of the Central Asian country of Turkmenistan. Ali Gursel, currently managing partner of Curtis Mallet's Istanbul office, will head the seven-lawyer office in Ashgabat, a city with a population of almost 1 million.Visit International News
 

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