At least six legal teams are battling for the lead counsel banner in a consolidated Chancery Court derivative suit targeting an alleged $1.2 billion insider share trade in 2018 by an insider of The Kraft Heinz Co. just ahead of stock-crushing bad news.
The Trump administration is supporting a U.S. Supreme Court challenge to the structure of the Consumer Financial Protection Bureau, but told justices Friday that the California law firm that brought the case is going too far by calling for the whole agency to be scrapped.
A Guatemalan man and his 7-year-old daughter were spared deportation to Mexico under a policy that sends asylum-seekers south of the border while the government processes their cases, with the Third Circuit saying the migrants' claims had to be decided "now or never."
A Delaware vice chancellor on Friday tossed a lawsuit by the founder and ex-CEO of nutrition-infused water startup Wanu Water, saying he failed to show enough evidence to support assertions that a former director engaged in a "conspiracy" to plot his ouster through a defamatory smear campaign.
Bankrupt antibiotics maker Melinta Therapeutics Inc. received two objections Friday to its proposed Chapter 11 plan that seeks to substantively consolidate its various entities' debts for distributions to creditors, a move derided by a significant creditor and the U.S. trustee as unjustified.
Seven former Insys Therapeutics Inc. executives convicted of bribing doctors to prescribe opioids were ordered by a federal judge Friday to pay nearly $57 million in restitution to insurance companies and individual victims impacted by the scheme, less than one-fifth of what prosecutors sought.
Digital marketplaces are hoping the full Third Circuit will rule that Amazon Inc. can’t be held liable for a defective product it didn't manufacture, a case experts say could stunt an industry undergoing exponential growth if it doesn't go in favor of the online retail giant.
General Electric Co. on Thursday sought to end a proposed securities class action it faces in Delaware Chancery Court, saying the investors have no reason to claim that GE used deceptive financial statements to strong-arm energy company Baker Hughes Inc. into merging with it.
A group of Shire U.S. Holdings merger partner stockholders has lost a second bid for $425 million in post-merger drug development payments after the Delaware Chancery Court found that dismissal of an earlier suit for the same award blocked rights to demand additional information from Shire.
The bankrupt maker of Zest soap and other personal hygiene and beauty products told a Delaware judge Friday that it had reached an agreement with its creditors to gain final approval of a $40 million Chapter 11 loan.
A Delaware federal jury ruled Friday that automotive parts manufacturer Schrader International Inc. must pay roughly $31 million for indirect infringement of the patented tire pressure monitoring technology of two Swiss companies.
A Delaware vice chancellor on Thursday tossed a derivative suit against biopharmaceutical company Esperion Therapeutics Inc. that alleged its officers purposely misled the public about the prospects of a cholesterol-lowering drug in development, ruling the suit had a fatal procedural flaw.
Philadelphia refinery owner PES Holdings sued 22 insurers and policy underwriters late Wednesday for full payment of $1.25 billion in business interruption policy benefits described as essential to its newly confirmed Delaware Chapter 11, accusing the insurers of unjustly resisting the payout.
A Delaware bankruptcy judge on Thursday gave the Zohar funds more time to review documents in car parts manufacturer Dura Automotive's Chapter 11 to consider potential claims against certain stakeholders, including lenders affiliated with founder Lynn Tilton.
Apple Inc. has asked out of a suit accusing it of using pilfered tech to manage its email application, telling a Delaware federal judge that the process described by the patent it is said to be infringing is actually an idea that is "centuries old."
The Third Circuit on Thursday shot down claims from a pair of landowners in a dispute with a subsidiary of the former Statoil ASA that their gas leases with the company mandated classwide instead of bilateral arbitration in a dispute over alleged unpaid royalties.
RentPath Holdings Inc. cleared first-step hurdles Thursday for the debt-burdened rental property marketer's proposed Chapter 11 sale to its largest competitor, securing interim Delaware bankruptcy court approval for the first $27 million of a $74.1 million debtor-in-possession loan.
Philadelphia Energy Solutions LLC received court approval Wednesday in Delaware for a Chapter 11 plan centered on a $252 million sale of its sprawling refinery after reaching a last-minute deal with unsecured creditors and union workers that will make $25 million in cash available for distribution.
The Third Circuit has upheld two charter airline executives' convictions for stealing millions in passenger payments by lying and falsifying documents, saying Wednesday that documents found after trial — previously thought destroyed — would not have changed the outcome.
A Delaware judge ordered a new trial Wednesday in a suit accusing a doctor of causing a patient's death by misdiagnosing him with the flu, saying the doctor’s counsel elicited improper trial testimony from the doctor himself.
Unsecured creditors told the Delaware bankruptcy court Wednesday that proposed sale procedures in the Chapter 11 of organic food store chain Lucky's Market include unfair provisions that will discourage competitive bidding and create an uneven playing field in favor of stalking horse bidders.
Akorn Inc. said Wednesday it plans to sell all of its assets, potentially seeking Chapter 11 protection, to address litigation costs that have mounted in the wake of the generic-drug maker's failed $4.3 billion merger with Fresenius Kabi AG in 2018.
A shareholder has sued The Habit Burger Grill following a recent announcement that Yum Brands will buy the fast-casual restaurant chain for $375 million, saying the transaction should be halted because Habit omitted material information in a U.S. Securities and Exchange Commission filing.
Twenty states and the District of Columbia urged the Ninth Circuit Tuesday to uphold a lower court decision temporarily barring the Trump administration from blocking entry of non-Mexican asylum seekers caught in that country when new restrictions took effect for in-transit, “third country” immigrants.
Pfizer Inc. and Hospira Inc. infringed an Amgen Inc. patent when seeking to get its biosimilar of Amgen's blockbuster anti-infection medicine Neulasta on the market before the patent expired, the biologic maker told a Delaware federal court.
As states across the U.S. legalize sports betting, universities must be willing to amend their compliance programs to protect their institutions, student-athletes, athletic conferences and the integrity of games, say attorneys at Cadwalader.
The New Jersey Supreme Court’s recent decision in Balducci v. Cige incorrectly concluded that predicting the length and cost of a case is nearly impossible, and overlooked artificial intelligence's ability to do so, says Joseph Avery with Claudius Legal Intelligence.
If the D.C. Circuit reins in the Federal Energy Regulatory Commission’s use of tolling orders — which delay court challenges to FERC directives — landowners might be gratified, but interstate pipeline construction projects could face added delays, says Richard Drom of Eckert Seamans.
The Federal Energy Regulatory Commission's use of tolling orders, its position on eminent domain authority and its makeup after the presidential election could have a big impact on participants in interstate natural gas pipeline and liquefied natural gas projects this year, say attorneys at K&L Gates.
A recent survey of lawyers’ professional liability insurers revealed an increase in malpractice claims against law firms, suggesting clients will demand more accountability in the coming decade, say Gerald Klein and Amy Nguyen at Klein & Wilson.
In her new book, "Guilty People," Abbe Smith successfully conveys that seeing ourselves in people who commit crime may be the first step to exacting change in our justice system, says U.S. District Judge Diane Humetewa of the District of Arizona.
Influencers, agencies, brands and their technology partners should formalize their marketing programs, policies and contract terms in order to comply with increased state and federal regulation, say Vejay Lalla and Shizuka Tiernan of Fenwick.
The current lack of synchrony between federal and state employment laws suggests a flaw in the system that is testing the limits of our democracy, says Hollie Reiminger at Fisher Phillips.
The Delaware Chancery Court recently rejected a stockholder challenge to the merger of Essendant and Staples, demonstrating that the court will consider a minority stockholder as a controller only when it actually exercises control over a company's business affairs, say attorneys at Fried Frank.
Many state laws are still ambiguous about regulatory oversight of energy storage facility siting, so energy storage developers should consider proactively engaging with state regulators to determine whether they will assert jurisdiction, says Andy Flavin of Troutman Sanders.
I went to law school intending to pursue a career in politics, inspired by Ted Sorensen and Gary Hart — but learning to solve problems in a new and exciting way drew me to litigation, says David Goodman of Goodman Law Group Chicago.
While ethics rules for attorney advertising vary by state and are frequently updated, there are several basic principles that all firms should understand, says Michelle King at Reputation Ink.
For product liability defense attorneys, the last decade saw the development of generic drug preemption and the growth of multidistrict litigation — while the decade to come promises further expansion of preemption and a growing focus on health and sustainability, say Lori Cohen and Sara Thompson of Greenberg Traurig.
The recent Texas state verdict that Title Source misappropriated proprietary data from former collaborator HouseCanary underscores the rise of trade secrets lawsuits along with growing settlements and jury awards, says Ashley Baker of the Committee for Justice.
Clearview AI's problematic attempt to defend its facial recognition and artificial intelligence technology provides a potent case study in potential pitfalls for lawyers working on AI issues, say Albert Fox Cahn and John Veiszlemlein at the Urban Justice Center's Surveillance Technology Oversight Project.