Big Law

Justices Grill Lawyers Fighting Over ‘Gotcha’ Bad Faith Insurance Suits

The closely-watch case before the Georgia Supreme Court centers on the use—and purported misuse—of time-limited settlement demands that insurers and defense lawyers say have evolved into “gotcha” bad-faith setups. An attorney for First Acceptance Insurance Company of Georgia said the...

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Lessons From the Insider Trading Case Against Rep. Chris Collins

Collins, a board member of Innate Immunotherapeutics, a pharmaceutical company, was charged by the Department of Justice in a criminal indictment and by the Securities and Exchange Commission in a civil complaint for allegedly tipping his son with material nonpublic...

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ConforMIS claims $11m win in patent infringement case against Smith & Nephew

Bedford, Mass.-based ConforMIS sued the British healthcare giant in 2016 in the U.S. District Court for Massachusetts, alleging infringement of eight patents by Smith & Nephew’s Visionaire cutting guides. Billed as “custom fit,” the Visionaire guides are used with off-the-shelf S&N implants, including...

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Suit: Blank Rome tried to ‘play cute’ in de facto merger to defraud Dickstein partners

Sixteen former partners at Dickstein Shapiro allege in a lawsuit that Blank Rome structured a merger of the two law firms as an “asset sale” to avoid repaying money in their capital accounts. The former partners say the combination is...

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Mt. Gox Debacle Showcases Cryptocurrency Litigation Concerns

The theft of millions of bitcoins and related failure of cryptocurrency exchange Mt. Gox provides a perfect example of how cryptocurrency-related issues can blossom into one of our Top Ten Regulatory and Litigation Risks. Kim Nilsson—one of the victims of the...

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Corporate Lobbyists Notch Win in SEC Walk-Back on Proxy Advisers

Corporate lobbyists notched a win Sept. 13 as the Securities and Exchange Commission withdrew two 14-year-old staff letters about investment managers’ use of proxy advice for voting in director elections and other items on company ballots. The 2004 letters were...

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Controlling Stockholder Breaches Fiduciary Duties By Coercing Onerous Financing Terms

The Delaware Court of Chancery reaffirmed the principle that a stockholder with actual control of a corporation violates its fiduciary duties by advancing its own interests to the detriment of the corporation. The court held that Georgetown Basho Investors, LLC,...

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Global Biglaw Firm Launches Online Store So You Too Can Lounge In Their Branded Crap

Those are some aggressive T-shirts. Generally, the corporate logo is added inconspicuously on the breast but this is like some Squire Patton Boggs “Juicy” rip off or something. Is anyone going to wear something like this? Sadly, the answer is...

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More Misdirection, Dodgeball On Royalties From SiriusXM

Broadcasting company SiriusXM is up to no good, says Chris Castle, claiming that its out to see artists paid their fair due. In reality the company is using rhetorical trickery to distract artists while Sirius climbs its way to a...

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Court of Appeals Affirms “Paternalistic” Breach of Fiduciary Duties

The US Court of Appeals for the Eighth Circuit recently affirmed a Minnesota district court’s dismissal of a claim against Wells Fargo & Company under ERISA. A former employee had alleged Wells Fargo breached fiduciary duties by retaining Wells Fargo’s...

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