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Wednesday, April 20, 2011

Y! Alert: Law.com - Newswire


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BP Sues Rig Owner for $40 Billion, Alleging Negligence in Oil Spill Top
BP on Wednesday sued the maker of the device that failed to stop last year's calamitous Gulf oil spill and the owner of the rig that exploded, alleging that negligence by Cameron International and Transocean helped cause the disaster.
 
In TiVo case, full Federal Circuit vacates one award against EchoStar, affirms another Top
Ruling en banc, a divided Federal Circuit has vacated a $110 million award against EchoStar for continued infringement of TiVo's patents after a permanent injunction, and clarified the contempt standards in infringement cases.
 
Kelley & Ferraro Exits Bankruptcy After Settlement With Ex-Partner's Widow Top
Kelley & Ferraro, one of the largest asbestos litigation firms in the U.S., emerged from bankruptcy this week after reaching a confidential settlement with the widow of co-founding partner Michael Kelley.
 
Fax Plaintiffs Move Closer to Collecting on $459 Million Verdict Top
A federal appeals panel has removed one barrier to a class of plaintiffs' ability to collect on a $459 million judgment over so-called junk faxes, although several other potential pitfalls remain.
 
You Dante Say: Glaxo Ex-Lawyer's Attorney Says Keep Hell References Out Top
Prosecutors and defense attorneys for an indicted former GlaxoSmithKline in-house lawyer are sparring over whether state ethics rules for attorneys can be entered into evidence. And what about those damned Dante references?
 
Budget Cuts Buffet State Court System Top
The 74 layoffs that hit the New York court system Wednesday are sure to be followed by more drastic job cuts as the judiciary complies with a directive to slash $170 million from the budget.
 
Pillsbury Loses Appeal for Fee Reimbursement in 'Bitter Feud' with Former Client Top
A federal judge has upheld a bankruptcy judge's ruling that Pillsbury was not entitled to fees as reimbursement for litigating a malpractice claim that Capitol Hill Group unsuccessfully brought against the firm.
 
News In Brief Top
The SEC's oversight of Bernard Madoff's activities was "irresponsible" and "defied common sense," according to a New York federal judge. Nevertheless, the judge threw out two Madoff investors' suit against the agency.
 
Medtronic Fends Off Another Medical Device Suit on Preemption Grounds Top
The Supreme Court ruling in Riegel v. Medtronic is the gift that keeps on giving for product liability defendants -- and no company has benefited more than Medtronic itself, as another foiled plaintiff learned this week.
 
After Judge Rejects Proposed $21 Million Settlement, Brokerage Firm Securities America and Plaintiffs Lawyers Come Back with $150 Million Deal (And $18.5 Million In Attorneys Fees) Top
A federal judge recently nixed a brokerage firm's $21 million class action settlement with investors who lost $330 million in two companies' alleged Ponzi schemes. Now, the brokerage firm has returned, this time with a $150 million offer.
 
Wiretaps Are 'Devastating' Proof of Illegal Trades, Prosecution Says Top
Wiretaps have provided overwhelming proof that Galleon Group's founder was at the center of an insider trading ring that netted him more than $63 million in illegal profits, a prosecutor said Wednesday. The lead defense lawyer attacked the government for using guilty cooperators who gave "worthless" testimony.
 
Another Setback For Medical Monitoring Class Actions for Smokers Top
Following a similar ruling by a Brooklyn federal judge in January, a San Francisco federal judge has refused to certify a class of California smokers for medical monitoring, ruling that class members would be too difficult to identify.
 
McGuireWoods Sued For Malpractice Top
A husband and wife are suing McGuireWoods, claiming the firm was negligent and breached its fiduciary duty when representing them in the bankruptcy filing of the National Heritage Foundation, a Virginia-based charity.
 
2nd District Overturns Fee Award, Says Courts Get Last Word on Whether Arbitration Binding Top
A split California appeals court has wiped out a law firm's $800,000 award in a fee dispute. The dissenting justice complained the ruling "makes a mockery of the arbitration process."
 
Online Poker Sites Keep Their Domain Names; Skadden, Cozen Retained Top
As part of a deal reached with prosecutors, online poker sites Full Tilt Poker and PokerStars can use their Internet domain names to reimburse U.S. customers after the government's online gambling crackdown that began last week.
 

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