Trials Law360 provides breaking news and analysis of major state and federal trials across the U.S. Coverage includes on-the-ground reporting of trials from opening statements to sentencing, as well as pre- and post-trial disputes.
Counsel for a defunct hedge fund called on a New Jersey state court Friday to cut a roughly $5.4 million compensatory verdict won by Fairfax Financial Holdings Ltd. and its subsidiary by the amount of blame attributed to settling defendants in an alleged scheme to lower the Canadian insurance company’s share price.
A New York federal judge said Thursday that a brokerage had failed to undermine the analyses of two experts the U.S. Securities and Exchange Commission intends to use in its suit over the alleged use of a market manipulation practice called "layering" and could not have them excluded from trial.
A Washington federal court will reconsider a $4 million copyright infringement award against the Zillow Group after the Ninth Circuit said Friday the lower court hadn't determined whether a real estate photography company's allegedly infringed photos should be treated as individual works or as a compilation.
Philip Esformes put a former Florida state nursing home inspector on the stand Friday to defend the condition of his facilities as the Miami nursing home owner opened his defense in the blockbuster health care fraud trial.
Counsel for Novartis Pharmaceuticals Corp. on Friday pointed to a New Jersey state jury’s “logically inconsistent” findings in urging a court to torpedo a roughly $1.8 million whistleblower award to a former company executive, but her attorney countered that the pharmaceutical giant consented to such a result during the trial.