Terraform Labs has been granted permission to hire Dentons US LLP as its special counsel in its ongoing Chapter 11 bankruptcy case, as ruled by a Delaware federal bankruptcy judge. The judge’s decision came alongside an agreement on the part of Dentons to return $48 million of a $70 million retainer. The retainer agreement had…
In an exciting swing of events, Anat Hakim, the legal chief of Eli Lilly & Co., experienced a substantial increase in her total pay package last year. According to the company’s latest proxy statement, Hakim’s salary grew to an impressive $7 million in 2023, witnessing a sharp rise of 33% from her earnings in the…
In a recent decision, the full Federal Circuit has declined to review a panel ruling, from late last year, regarding a dispute involving a patent for a pulmonary hypertension drug. This non-action follows a prior decision from the Patent Trial and Appeal Board, which found that the method of administering the drug was not patentable….
In an ongoing legal controversy over cancer drug patents, Japanese pharmaceutical firm Daiichi Sankyo is urging a Seattle federal judge not to dismiss an arbitral award rejecting the claims of American biotechnology company, Seagen Inc. Daiichi Sankyo contends that Seagen’s attempt to vacate the ruling, which pertains to a dispute involving billions of dollars, is…
Haitian Prime Minister Ariel Henry announced on Monday his intentions to formally resign following the establishment of a transitional council. The council is set to guide the Caribbean state, currently immersed in escalated gang violence. Prime Minister Henry remains in Puerto Rico after travelling to Kenya to deliberate on the inception of a multinational task…
The Judicial Conference of the United States has introduced new measures aimed at stopping a controversial practice known as ‘judge shopping.’ The term is used to describe instances where litigants actively seek out a one-judge district court that they believe will be most favorable to their case. Declared on Tuesday, the Conference stated it has…
In a move that takes steps to lessen choice of jurisdiction manipulation in legal proceedings, the Judicial Conference of the United States has implemented an upgrade to its random case assignments policy. According to a recent statement made on Tuesday, now, litigants will be unable to pick a preferred judge by opting to file their…
In a significant development within the electronic cigarette sector, as the U.S. International Trade Commission (ITC) has rescinded its previous import ban on certain Philip Morris’ e-cigarette products. This decision comes in the aftermath of a settled patent dispute between heavyweight tobacco firms, Philip Morris and British American Tobacco. Interestingly, this resolution has met pushback…
Hytera, a major Chinese radio company, has been denied the opportunity to make a case in a Chinese court to thwart a motion from Motorola for an anti-suit injunction. This decision was made by a federal judge in Illinois on Tuesday evening. The basis for the conflict is a $540 million intellectual property dispute between…
The U.S. Patent and Trademark Office and the U.S. Copyright Office have provided a comprehensive report to Congress discussing the implications of nonfungible tokens (NFTs) in the realm of intellectual property. This report identifies not only the potential opportunities presented by this burgeoning technology but also outlines various concerns relating to IP law. Although the…
A patent lawsuit case against tech giant Samsung has been put on hold by a Federal Judge in Texas. The electronics company has been accused of infringing upon a technology company’s patent with its phone devices. The judge’s decision to pause the suit is due to ongoing challenges directed at the patent itself, which are…
In response to an increased workload, the Federal Trade Commission (FTC) has announced the appointment of a second Administrative Law Judge (ALJ). The chosen ALJ is an ex-top antitrust lawyer from the New York Attorney General’s Office. This former lawyer also boasts experience representing the left-leaning Open Markets Institute. The addition of a new judge…
A recent judgment in federal court in Colorado has brought into sharp focus the critical issue of attorney conduct during the discovery process. The court admonished the legal representatives of a geothermal startup founder for alleged discovery violations. The judge identified the founder’s justifications for why his attorney shouldn’t face sanctions over these claimed infractions…
The U.S. Patent and Trademark Office (USPTO) has revealed its plans for a new Office of Public Engagement with the primary purpose of enhancing its communication and outreach endeavors. Coinciding with this announcement, the agency is now actively on a search for a candidate to fill the important position of the chief at this new…
On Monday, three adult entertainment performers expressed their intention to drop a lawsuit against Meta in a California federal court. As reported by Law360, they had initially claimed that Meta, in partnership with OnlyFans’ parent company, engaged in practices designed to block ads for competing platforms of the risqué nature. According to their statement, these…
Discussing recent developments in the realm of copyright law, an Eighth Circuit panel convened to deliberate the extent to which federal copyright law governs the use of memes. The conversation was influenced by the reverberations of last year’s pivotal Warhol case. As part of the discourse, the panel examined an instance involving the use of…
In a circulated petition on Tuesday, Grupo Modelo, owned by Anheuser-Busch InBev SA, requested that the Second Circuit should reconsider a jury’s decision that its trademarks were not violated by Constellation Brands. The controversy sparks from Constellation Brands’ marketing of hard seltzer under Corona’s branding, which Grupo Modelo contends is not defined as beer under…
Boosted by the success of new drugs in the market, Eli Lilly and Co.’s legal chief, Anat Hakim, saw her pay increase by 33% during the last year. Assuming her role as general counsel and secretary in 2020, Hakim’s compensation reached a remarkable $7.0 million in 2023, a significant leap from $5.3 million in 2022,…
In a historical step towards increased judicial diversity, the U.S Senate quickly confirmed the first judges of color for federal trial courts in Rhode Island and western Virginia. This noteworthy advancement involved Melissa DuBose, who is Black, and Jasmine Yoon, who was born in South Korea. The nominees received broad-ranging, bipartisan support resulting which led…
In a compelling unfolding of events, a judge was forced to review Tesla Inc. co-founder Elon Musk’s massive $55.8 billion pay package and ultimately eject it from court. The dismissal followed an avalanche of communications she received from Tesla’s investors expressing their concerns over the winning lawyer’s substantial request for almost $6 billion in company…
A Washington federal judge expressed some skepticism on Tuesday regarding the damages sought by a group of models against a Seattle-based strip club, which had allegedly utilised their images without any given consent. The question was raised as to whether viewers of these advertisements would truly hold the belief that such high-profile models would be…
In recent news, a New York City-based legal aid union has found itself in the crosshairs of the chair of the House’s education and labor committee. The union, which represents legal aid attorneys, has been served with a subpoena, mandating it to produce documents associated with the contentious approval of a resolution. This particular resolution…
Paul, Weiss, Rifkind, Wharton & Garrison has reported a substantial growth in its overall revenue, citing expansion in all five of its core practice areas. The revenue has seen a significant hike, climbing 10.9% to reach $2 billion, a record in the firm’s history. Further, the firm also celebrates crossing the $6.5 million mark in…
One of Italy’s premier law firms, BonelliErede, is eyeing expansion on an international scale. The Global 200 firm, having celebrated its 25th anniversary recently, has ushered in a fresh wave of leadership aiming to shape the organization’s future. Under their new management, which includes London-based chairman Massimiliano Danusso and Milan-based managing partner Eliana Catalano, the…
In an ongoing legal tussle, New York Attorney General (NY AG) has taken a firm stand in the appellate court against the stay of a $464.5M bond sought by Former President Donald Trump. The former president has requested a full panel at the Appellate Division, First Department to temporarily halt the collection as he continues…