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Thursday, June 2, 2011

Y! Alert: Law.com - Newswire


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Orrick moves to withdraw from Bratz doll case over unpaid fees Top
Orrick, Herrington & Sutcliffe, which helped win an $88.5 million jury verdict for MGA in a dispute over the Bratz doll line, has asked for permission to fire its client in a related dispute on the ground that the company owes more than $1.2 million in attorney fees.
 
Winston, DLA Grab Roles for Groupon's $750 Million IPO Top
Becoming the latest technology company after LinkedIn and Yandex to seek success in the stock market, e-commerce site Groupon filed for its eagerly anticipated initial public offering on Thursday.
 
In Gun Case Fee Dispute, Court Rules Against Chicago Top
What does it mean to "win" in the Supreme Court? The 7th Circuit answered that question Thursday, ruling in favor of attorney Alan Gura's request for legal fees for last year's landmark ruling on Chicago's handgun ban.
 
Confusion Abounds as New York Judge Dismisses Fraud Claims in MBIA's Suit Against Credit Suisse Top
New York's appellate courts are going to have to sort this one out. Can insurers MBIA and Ambac bring fraud claims against the banks that put together mortgage-backed securities that went bad? It depends on which judge you're facing.
 
In Massey Energy Ruling, Strine Questions Cravath's 'Awkward' Role in Merger Talks Top
 
Former CHOP GC Charged With Mail Fraud, Money Laundering Top
A former general counsel of Children's Hospital of Philadelphia has been charged with embezzling $1.7 million from the hospital by creating eight "shell" companies for the purposes of stealing money through false invoices.
 
Gibson Dunn, Sidley Use Martin Act to Defeat Claims Against Accounting Firms Brought by Madoff Feeder Fund Investors Top
Investors in the Madoff feeder fund Tremont Group tried a last-ditch effort to revive their suit against Ernst & Young and KPMG by pointing to new case law on New York state's Martin Act, but a federal judge held that their claims were still pre-empted.
 
Foley & Lardner sets up fund to invest in client companies Top
Foley & Lardner has launched a $4 million venture capital fund to invest in client companies and funds. The firm sees the fund as a moneymaker and a selling point in the lateral hiring market, according to one of the partners spearheading the attorney-funded vehicle.
 
White House Counsel Returns to Private Practice Top
Robert Bauer is stepping down as President Barack Obama's counsel to resume his roles as head of Perkins Coie's election law practice, the president's chief campaign lawyer and GC to the Democratic National Committee.
 
Medical device maker sues FDA for rescinding approval of knee implant Top
Bankrupt medical device maker ReGen Biologics has sued the Food and Drug Administration, claiming that the agency overstepped its authority when it reclassified the company's knee implant and forced it off the market.
 
In Hydroxycut Class Action, MoFo Sheds Unsightly Claims Against Diet Supplement Maker and Retailers Top
Morrison & Foerster has convinced a federal judge to slash the bulk of a putative class action against Hydroxycut maker Iovate Health Sciences and retailers of the dietary supplement, including GNC, Wal-Mart and Walgreens.
 
DLA Piper's Lateral Hiring Binge Continues With 4 More Hires Top
The world's largest law firm by attorney headcount continued to grow this week. DLA Piper added four more partners on Wednesday, including two practice group leaders from White & Case in New York and two IP and technology partners from Pillsbury Winthrop Shaw Pittman in Houston.Visit lawjobs.com News & Views
 
N.Y. State Bar's New Head Stresses Importance of Family Top
One of Vincent E. Doyle III's priorities as the new president of the New York State Bar Association will be to try to make the group -- and the Bar -- more family friendly. Doyle says it is "absolutely a core requirement now" that law firms recognize that families sometimes are more important than clients.Visit Small Firms
 

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