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Wednesday, June 15, 2011

Y! Alert: Law.com - Newswire


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Ethics Opinion Urges Wariness In Dealing With Lawsuit Funding Top
It is not necessarily unethical for attorneys to take clients who receive non-recourse litigation financing from third-party lenders, but attorneys should be wary of potential conflicts of interest and breaches of confidentiality, the New York City Bar says in a new opinion.
 
Bonds' Appellate Team Seeks Dismissal, Says Slugger Convicted of Being Wordy Top
Barry Bonds' appellate team has asked the federal judge overseeing his case to set aside the former San Francisco Giant's obstruction-of-justice conviction or order a new trial, contending Bonds was convicted of "felony prolixity."
 
Detroit Sues Ex-Venable, Saul Ewing Police Monitor for $10 Million Top
Sheryl Robinson Wood, a former partner at Venable and Saul Ewing who served as a federally mandated police monitor in Detroit, has been sued for $10 million in fees she accrued while allegedly carrying on an improper relationship with former Mayor Kwame Kilpatrick.
 
Allen Stanford Ponzi Victims Entitled to Investor Protections, SEC Announces Top
The U.S. Securities and Exchange Commission has announced that victims of Allen Stanford's Ponzi scheme are entitled to the protections of the Securities Investor Protection Act of 1970, which means they may be entitled to get their money back.
 
MGA's Funny Valentine: Bratz Maker Dumps Orrick, Praises Skadden in Press Release Top
It's not hard to guess who MGA is knocking in a press release on changing firms in the Bratz litigation. In the release, entitled "MGA Returns to Its Trusted Counsel: Skadden," the company calls Skadden "a few notches above some of the other law firms we have dealt with."
 
Sullivan & Cromwell Hits RIM with Smartphone Infringement Suit for Dolby International Top
Dolby International has sued Research in Motion for allegedly infringing patents that are essential to the BlackBerry's audio capabilities in a suit that goes to show that smartphones are going to be the IP litigation bar's meal ticket for a long time to come.
 
Scott Rothstein's longtime law partner pleads guilty to fraud Top
Howard Kusnick, a longtime law partner of imprisoned Ponzi schemer Scott Rothstein, has pleaded guilty to wire fraud conspiracy for his role in helping market the settlement financing fraud. Kusnick faces up to five years in federal prison.
 
Power Play: Howrey in Middle of New York Utility Feud Top
Board members of a fledgling public utility in upstate New York are moving to oust their chairman for, among other things, challenging Howrey over its efforts to retain a multimillion-dollar legal services contract with the agency.
 
Durie Tangri Files First Federal Court Challenge to Government Domain Name Seizures Top
A first-of-its-kind petition in Manhattan federal district court on behalf of Spanish media company Puerto 80 Projects asks the court to order the U.S. government to return two domain names that were seized in a piracy crackdown.
 
Judge Dismisses Insurers' Claims in Avandia Litigation Top
In the massive litigation over side effects from the diabetes drug Avandia, a federal judge has dismissed all claims brought by insurers acting as "Medicare Advantage Organizations" that demanded reimbursements from the settlements paid out by GlaxoSmithKline.
 
D.C. Circuit Vacates Prison Sentence in Health Care Fraud Case Top
The D.C. Circuit has unanimously vacated a doctor's 53-month prison sentence in a fraud case, saying the trial judge failed to provide a satisfactory reason for bumping up the prison sentence a year above the guideline range.
 
Reduced state funding threatens foreclosure cases Top
Special funding that allowed Florida courts to tackle foreclosure backlogs will run out at the end of the month, even as judges are planning for what insiders expect will be a second wave of foreclosures later this year.
 
Judge provisionally certifies classes in case against Cigna subsidiaries over death benefits Top
A federal judge has provisionally certified two classes in a case against Cigna subsidiaries that are alleged to have invested employee death benefits for their own profit without properly disclosing the practice or making a full accounting to beneficiaries.
 
J&J Faces Treble Damages in Stent Infringement Case After Federal Circuit Ruling Top
In a decision that could see Johnson & Johnson paying more than $60 million, the Federal Circuit has affirmed a $22 million infringement award won by Spectralytics over a coronary stent patent, but vacated the trial judge's denial of treble damages.
 
Lawyer Whose Client Bolts to Another Can't Sue for Tortious Interference Top
A New Jersey state appeals court has all but slammed the door on suits by one lawyer against another, on grounds of tortious interference with contract, for taking a client away.
 
Dole Settles Pesticide Claims With 5,000 Former Banana Plantation Workers Top
Dole Food Co. has agreed in principle to settle the claims of more than 5,000 former banana workers in Nicaragua, Costa Rica and Honduras that the company's use of dibromochloropropane during the 1970s and '80s caused the workers to become sterile.Visit International News
 

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