Linklaters and White & Case are advising on Fosun International Limited’s latest move to divest a $730 million private bank. This sale is part of Fosun’s ongoing efforts to reduce its debt by streamlining its portfolio of assets, a strategy the company has been pursuing for years. For more details, visit the full article.
Legal News Coverage Former U.S. Patent and Trademark Office Directors Andrei Iancu and David Kappos have urged current Director Kathi Vidal to “immediately” withdraw proposed rules regarding terminal disclaimers. The ex-directors argue that these changes are “contrary to law” and could pose significant risks to the innovation economy in the United States. Terminal disclaimers, a…
Counsel for Boeing Co. has implored a jury to dismiss the claim from Zunum Aero Inc. that it is owed nearly $200 million for alleged misappropriation of trade secrets. During the closing arguments on Tuesday, Boeing’s legal representative argued that Zunum Aero is attempting to divert responsibility from its own business shortcomings. For more details…
VLSI Technology LLC has requested that the Federal Circuit delay its decision on whether the Patent Trial and Appeal Board improperly invalidated VLSI’s chip patent. This request comes amid a high-profile dispute, and VLSI argues that the court should first address a key prior art issue arising in unrelated litigation. The resolution of this issue…
Just over two months after a jury in Wilmington delivered a mixed verdict in a patent lawsuit concerning glucose monitors, Abbott and Dexcom have both petitioned for a new trial. The legal battle centers on the proprietary technologies embedded in their respective glucose monitoring systems, reflecting the competitive nature of this high-stakes medical device sector….
In a decisive opinion delivered last Thursday, the Supreme Court clarified who has the authority to determine whether disputes relate to arbitration agreements, in the context of a Dogecoin sweepstakes offered by Coinbase. The case, Coinbase v. Suski, centered on conflicting documents concerning arbitration: Coinbase’s user agreement, which mandated arbitration, and the sweepstakes rules, which…
Amid unprecedented billing rate hikes and intensified competition for rainmaking talent, Am Law 100 law firms have once again raised the stakes on partner pay. In 2023, these firms increased the average distance between their highest- and lowest-paid equity partners, escalating the ratio from 9.8-to-1 in 2022 to 10.3-to-1, according to data from an ALM…
Despite reaching a sizable settlement with a huge class of former college athletes regarding name, image, and likeness compensation, the NCAA continues to grapple with numerous other legal challenges. This resolution, while significant, highlights the myriad unresolved issues that persist within the organization. For more detailed insights, read the [full story](https://www.law360.com/articles/1840878/the-ncaa-put-out-one-fire-but-the-house-is-still-ablaze).
A Kansas-based technology company has requested that a Texas appellate court delay a trial scheduled for June in Houston. The firm argues that the trial court judge set the date despite being informed about vacation conflicts by several attorneys involved in the case. For more details, refer to the original article on Law360.
Wilson Elser Moskowitz Edelman & Dicker LLP attorneys are on the brink of being removed as counsel for American Airlines in a Texas state lawsuit over an ex-flight attendant’s secret bathroom recording of a 9-year-old girl. This case has garnered significant attention, raising questions about legal responsibilities and accountability in sensitive situations involving minors. Further…
By Andrew Karpan (May 28, 2024, 8:59 PM EDT) — The frontman of the band Snowblind is urging the U.S. Supreme Court to rule that a jury, not a judge, should determine if his 2001 demo bears a resemblance to Nickelback’s hit song “Rockstar.” The musician argues that at least one appeals court judge independently…
A prosecutor at the hush-money trial involving former President Donald Trump has urged a New York jury to consider what he described as a “mountain” of evidence. According to prosecutor Joshua Steinglass, the evidence shows that Trump aimed to influence the 2016 election by paying adult-film star Stormy Daniels to remain silent about an alleged…
Attorneys general from 27 states, supported by various tech industry lobbying groups, have rallied behind Micron Technology Inc. These efforts are focused on urging the Federal Circuit to uphold Idaho’s law, which aims to curb “bad faith” allegations of patent infringement. This law is perceived as an essential tool in combating so-called “patent trolls”—entities that…
Activision Publishing secured a significant legal victory, obtaining over $14.4 million in damages and nearly $300,000 in attorney fees from German companies accused of selling cheat codes for Call of Duty games. This outcome was the result of a default judgment granted by a California federal judge after none of the defendants appeared in the…
Smoke Co., the maker of Juicy Jays and Raw rolling papers, has filed a federal lawsuit alleging that a Colorado-based cannabis company is infringing on its trademarks. According to the complaint, the Colorado company is using Smoke Co.’s renowned product names to market and sell prerolled joints and marijuana concentrates, potentially deceiving consumers about the…
Justin Hakeem, a Syrian national who worked at the Transportation Security Administration (TSA) for more than a decade, can pursue a discrimination and hostile work environment complaint against U.S. Homeland Security Secretary Alejandro Mayorkas, a district judge has ruled. Hakeem alleges that Secretary Mayorkas “created a hostile and abusive work environment” and “failed to adequately…
Pfizer recently filed at least seven lawsuits in federal court seeking to enjoin multiple multinational pharmaceutical companies from selling a generic version of its medication, Nurtec, which is used to prevent and treat migraines. These suits were surfaced by Law.com Radar, ALM’s source for immediate alerting on just filed cases in state and federal courts….
The Patent Trial and Appeal Board (PTAB) has sided with Juul Labs Inc. in a trio of decisions concerning electronic vape technology. The Board has decided not to review one of Juul’s patents, while agreeing to examine challenges presented by Juul against two patents owned by another business. This development marks a significant step in…
The U.S. Department of the Treasury announced on Tuesday a significant relaxation of its restrictions on Cuba by modifying financial regulations. This modification now allows the provision of cloud-based services, the creation of bank accounts for Cuban entrepreneurs, and the processing of remittances. The Treasury stated that these efforts aim to “increase support for the…
A California judge on Tuesday chastised a lawyer representing former clients of Tom Girardi, accusing the state bar of “rampant corruption.” The judge expressed his dissatisfaction over the phone, stating he was “nonplussed” as to why the attorney attempted to skip the hearing on the bar’s motion to dismiss the case. The situation underscores ongoing…
A former TelexFree attorney’s estate and investors who lost money in the company’s multibillion-dollar Ponzi scheme are seeking preliminary approval for a $3.45 million settlement. The settlement involves Anthony Cellucci, along with four other named plaintiffs, and the estate of Jeffrey A. Babener, a late corporate attorney of TelexFree. According to a joint filing in…
Drug buyers who allege that Gilead Sciences Inc. and Teva Pharmaceuticals delayed the release of generic versions of HIV medications have told the Ninth Circuit that it would be unfair to grant the companies’ request for a single brief addressing the 17 appeals filed following a jury’s rejection of these claims last year. This dispute…
Article The Federal Circuit announced on Tuesday that it upheld a decision by a judge in Georgia, confirming that a number of patents related to the process of “checking financial history before completing a transaction” should not have been issued. This ruling aligns with the judge’s initial determination that these patents, filed by a well-known…
Last week, those following the Delaware Court of Chancery found their attention redirected from courtroom proceedings to legislative developments in Dover. Proposed amendments to Delaware’s corporate code were tabled before state lawmakers. The latest hearings and decisions have impacted major corporations like Kraft-Heinz, AMC Entertainment, and also touched upon the merger of cryptocurrency entities BitGo…
Article Transitioning from private practice to corporate counsel is a well-trodden path for many legal professionals. However, the journey from private practitioner to in-house counsel and then to poker world champion is a rarer feat. This is precisely the route Greg Raymer navigated two decades ago, marking a significant turn in his multifaceted career. Raymer,…