The chairman, secretary and chief financial officer of bankrupt construction management firm Gateway Development Group Inc. on Thursday asked a Connecticut judge to reconsider a $51.2 million asset freeze demanded by a Chapter 7 trustee and a minority shareholder, claiming "mathematical errors" warrant a $17 million reduction.
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TOP NEWS

Real Estate Mogul Wants $51.2M Conn. Asset Freeze Reduced

By Aaron Keller

The chairman, secretary and chief financial officer of bankrupt construction management firm Gateway Development Group Inc. on Thursday asked a Connecticut judge to reconsider a $51.2 million asset freeze demanded by a Chapter 7 trustee and a minority shareholder, claiming "mathematical errors" warrant a $17 million reduction.

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Hartford Cops' Assault Response Reveals Bias, Court Told

By Brian Steele

The city of Hartford's police department discriminates against women of color by failing to properly investigate their claims of sexual assault, counsel for a Connecticut state representative told a federal judge Thursday, while the municipality argued that she has not backed the allegation that the force is biased.

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Mylan Must Face Generic Drug Price-Fixing Claims In MDL

By Jared Foretek

A Pennsylvania federal judge shot down most of Mylan's request for an early win in multidistrict litigation claiming price-fixing of the generic antidepressant clomipramine, finding sufficient evidence for the company to have to face direct buyers' claims at trial, but trimming claims that it inflated the drug's price at CVS.

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Justices Asked To Limit Private Investment Fund Suits

By Jessica Corso

A group of investment funds seeking to fend off a challenge from an activist investor are urging the U.S. Supreme Court to issue a ruling in the case that would end the ability of private parties to file contractual disputes under the Investment Company Act.

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SECOND CIRCUIT

2nd Circ. Affirms Hedge Fund Win In $87M Short-Swing Suit

By Katryna Perera

A unanimous Second Circuit panel on Thursday upheld a summary judgment win for hedge fund Armistice Capital LLC and its managing member in a derivative suit brought by a shareholder of biotechnology company Vaxart Inc., which sought disgorgement of $87 million in short-swing profits that allegedly were wrongfully obtained by the investment adviser.

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PEOPLE

Halloran & Sage Opens 5th Conn. Office With Family Law Trio

By Christine DeRosa

Halloran & Sage LLP has added three attorneys from Farrell Geenty Sheeley & Boccalatte PC, establishing a family law practice group and new office on the Connecticut shoreline.

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LITIGATION

Brief

SC Ends Sandoz, Novartis Price-Fixing Claims For $2.4M

By Aaron Keller

A Connecticut federal judge on Thursday approved South Carolina's request to dismiss its generic drug price-fixing claims from three multistate lawsuits against Sandoz Inc., Sandoz AG, Novartis AG and Fougera Pharmaceuticals Inc., four months after the parties filed a notice of settlement.

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EXPERT ANALYSIS

2nd Circ. Ruling Gives Banks Shield From Terrorism Liability

A recent Second Circuit dismissal strengthens the position of international banks facing claims they indirectly helped terrorist organizations and provides clearer guidance on the boundaries of secondary liability, but doesn't provide absolute immunity, say attorneys at Freshfields.

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Series

Coaching Cheerleading Makes Me A Better Lawyer

At first glance, cheerleading and litigation may seem like worlds apart, but both require precision, adaptability, leadership and the ability to stay composed under pressure — all of which have sharpened how I approach my work in the emotionally complex world of mass torts and personal injury, says Rashanda Bruce at Robins Kaplan.

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LEGAL INDUSTRY

Chancery Says Docket For 'Routine' Matters Shows Success

By Rose Krebs

As it continues to pursue ways to streamline its docket and ease burnout concerns for its judges, Delaware's Chancery Court announced this week that a new procedure for handling "routine matters" is already showing success.

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First Chief PTAB Judge Remembered As Industrious Leader

By Theresa Schliep

Colleagues and loved ones of James Donald Smith — the first chief judge of the Patent Trial and Appeal Board who died this spring — remembered him as a superb leader, talented violist and dear friend at a memorial service on Saturday that featured a reading of a letter from former President Barack Obama.

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Wash. Sen. Opposes Full-Term Role For State's New US Atty

By Courtney Bublé

The newly installed interim U.S. attorney for the Eastern District of Washington at this juncture has not been nominated for the full-term role, but one of the state's Democratic senators is already vowing to prevent his confirmation.

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Ex-Katten Partner's $67M Age Bias Suit Stayed For Arbitration

By Lauren Berg

A Manhattan federal judge stayed a $67 million discrimination lawsuit brought by a former Katten Muchin Rosenman LLP partner alleging the firm pushed him out of the aircraft-finance practice group, pressured him to resign and then fired him because of his age, saying there is an arbitration agreement at play.

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Healthcare Cos. Want Akerman's 'Indefensible' Fee Suit Nixed

By Madison Arnold

Rennova Health Inc. and others asked a Florida state judge to dismiss Akerman LLP's unpaid fees case against the company, calling it "facially time-barred, factually flawed and legally indefensible."

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LA Atty Convicted Of Laundering $2.1M From Swiss Oil Co.

By Craig Clough

A Los Angeles federal jury on Thursday found a divorce and immigration attorney guilty of money laundering, tax evasion and obstruction of justice related to a $2.1 million payment he received from a Swiss oil company while working in a government position in Nigeria that prosecutors allege was a bribe.

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Email Excluded From Harassment Suit Against Paxton Deputies

By Spencer Brewer

A Texas federal judge on Thursday struck an email from a sexual harassment lawsuit brought against the founders of a law firm founded by former top attorneys in the Texas attorney general's office, but said the plaintiff could conduct discovery regarding the email.

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Ga. Atty Sues Former Firm For Failing To Pay Final Wages

By Kelcey Caulder

A Georgia attorney has filed suit against her former employer, John Foy and Associates PC, over "threatening emails" she said she received after she was fired and a final paycheck that she reportedly never got.

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LAW FIRMS IN TODAY'S NEWS

Akerman LLP

Akin Gump

Alston & Bird

Baker Botts

Berger Montague

Cantor Colburn

Cravath Swaine

Day Pitney

Farrell Geenty

Fine Kaplan

Freshfields

Frost Domel

Hagens Berman

Halloran & Sage

John Foy & Associates

K&L Gates

Kaplan Fox

Katten Muchin

Levitt LLP

Littler Mendelson

NastLaw

Nussbaum Law Group

Ostrager Chong

Pullman & Comley

Rafferty Domnick

Roberts Law Firm US

Robins Kaplan

Searcy Denney

Sidley Austin

Skadden Arps

Susman Godfrey

White & Case

Wilson Sonsini

COMPANIES IN TODAY'S NEWS

Armistice Capital LLC

Aurobindo Pharma Ltd.

Avet Pharmaceuticals Inc.

CVS Health Corp.

Danske Bank Group

Deloitte Touche Tohmatsu Ltd.

Deutsche Bank AG

Duke University

Ecolab Inc.

Fougera Pharmaceuticals Inc.

George Washington University

Novartis AG

Sandoz International GmbH

Teva Pharmaceutical Industries Ltd.

The Cigna Group

The Florida Bar

Twitter Inc.

Vaxart Inc.

Viatris Inc.

Westchester Medical Center

GOVERNMENT AGENCIES IN TODAY'S NEWS

Equal Employment Opportunity Commission

Federal Bureau of Investigation

New York State Division of Human Rights

Patent Trial and Appeal Board

South Carolina Attorney General's Office

Texas Attorney General's Office

U.S. Attorney's Office for the Central District of California

U.S. Court of Appeals for the Second Circuit

U.S. Department of Commerce

U.S. Department of Labor

U.S. District Court for the Central District of California

U.S. District Court for the District of Connecticut

U.S. District Court for the Eastern District of Pennsylvania

U.S. District Court for the Northern District of Georgia

U.S. District Court for the Southern District of New York

U.S. District Court for the Western District of Texas

U.S. Patent and Trademark Office

U.S. Securities and Exchange Commission

U.S. Supreme Court

United States District Court for the Eastern District of Washington

Washington Attorney General's Office