Egypt’s ambitious $35 billion Ras El Hekma project is set to dramatically reshape its North Coast, triggering a surge of interest from major law firms. The seaside development is expected to attract more than $150 billion in further investments over time. This massive inflow of capital and the complexity of deals involved have drawn the…
Japan’s private equity (PE) market is emerging as a pivotal point of interest in Asia, buttressed by the weakened Japanese yen, which has substantially increased the attractiveness of local assets to foreign investors. This evolving scenario presents a golden opportunity for foreign law firms to make significant inroads, provided they can effectively navigate the competitive…
Intellectual property trade groups are demonstrating skepticism towards a proposal from the United Nations that would require design patent applicants to provide additional details in their applications. The proposal aims to enhance transparency but has raised concerns among practitioners. Some believe that the increased disclosure requirements may impose additional burdens on applicants and potentially stifle…
The jury has begun deliberations in the antitrust case concerning the NFL’s ‘Sunday Ticket’ streaming package. Defense counsel from Wilkinson Stekloff maintained that the plaintiffs have no grounds for a class action because the streaming package is a “premium” service. Contrarily, plaintiffs’ counsel from Susman Godfrey countered that the defense’s argument does not hold in…
Roberta Kaplan, the intrepid litigator known for her landmark victories for LGBTQ+ couples, survivors of white supremacist violence, and a writer who accused former President Donald Trump of sexual assault, announced on Wednesday her departure from Kaplan Hecker & Fink LLP to establish a new boutique law firm. Kaplan’s new venture will be launched in…
In a recent development, a father and son pair, previously employed by the financial services company Ameriprise, have come to an agreement involving the return of confidential records they are accused of taking as they departed the company for roles with a competitor. This accord follows allegations that the duo removed these records “in the…
A unit of the analytics giant Clarivate is urging Georgia’s highest court to disregard a neurosurgeon’s substantial $102 million legal malpractice claim, which stems from what is described as “a clerical mistake” in a patent filing. The neurosurgeon, a former client of FisherBroyles, contends that this clerical error has caused significant professional and financial damage….
The Third Circuit on Wednesday agreed that the main investor of a Pennsylvania distillery cannot revive his federal racketeering or trade secret claims against a former business partner and associated parties in the craft liquor industry. This decision effectively upholds the lower court’s ruling, denying the investor’s attempt to press charges under the RICO Act…
Companies accused of misrepresenting their progress on tackling climate change are increasingly finding themselves the target of litigants, as activist groups look to hold some of the world’s worst polluters to account. This phenomenon, often referred to as “climate washing,” involves companies allegedly exaggerating their environmental initiatives or making unfounded claims about their sustainability practices….
A shareholder of patent developer Network-1 Technologies Inc. has initiated legal action against the company in Delaware’s Court of Chancery. The lawsuit seeks access to the company’s books and records to investigate allegations, including whether Network-1 Technologies is operating as an unregistered investment company in violation of the Investment Company Act of 1940. The shareholder’s…
By Christopher Cole (June 26, 2024, 8:35 PM EDT) — Congress is being urged to safeguard musical artists’ intellectual property rights by mandating that radio broadcasters compensate them for airplay of their sound performances. The United States currently does not require such payments, unlike many other countries. The recording industry made an appeal to lawmakers…
Banker-Lawyer Duo Make Billions From Audacious Natural Gas Bet The US Gulf Coast is probably the only place in the world where two men with virtually no experience running an energy business could upend a vast industry while becoming billionaires in the process. Little more than a decade ago, ex-banker Mike Sabel and lawyer Bob…
Felix Sater, the Moscow-born dealmaker and former associate of Donald Trump, has lost a significant legal battle. Sater was accused of aiding a wealthy Kazakh individual in laundering millions of dollars through U.S. real estate, including properties in the Trump SoHo tower. A federal jury in Manhattan delivered the verdict on Wednesday, ruling in favor…
Four cardiac specialists have filed an amicus brief in the Ninth Circuit in support of medical monitoring startup AliveCor against Apple. The brief argues that a district court erred in its decision to dismiss antitrust claims that credited the phaseout of a heart rate monitoring algorithm as an improvement. The specialists contend that this phaseout…
The U.S. International Trade Commission will be reassessing a decision made by an administrative law judge that found Nortek Inc. in violation of U.S. trade law. This review pertains to allegations that Nortek imported products which infringe upon a competitor’s intellectual property. For more details on the proceedings, click here.
Down a gray and gritty alley in San Francisco’s Chinatown, a Victorian-era investigator waved away the sickly fumes emanating from forbidden opium dens, stopped before an unmarked door, and rapped on it with his cane. This real-life figure is just one of the characters explored by George Fisher in his new book, Beware Euphoria: The…
A former director of client relations at Ticketmaster pled guilty on Wednesday to his involvement in a scheme aimed at hacking into a rival company’s computer system. The plea is part of a broader investigation into efforts by the executive and others to gain a competitive advantage through illegal means. This development underscores the serious…
The Supreme Court has ruled that a federal anti-bribery law does not criminalize state and local officials’ acceptance of gratuities for past actions. This decision narrows the interpretation of Section 666, which previously barred state and local government officials from “corruptly” accepting “anything of value” in exchange for official acts. The case involved James Snyder,…
The recent article titled “Can’t Be Bribery If You’re Paid After! — See Also”, published by Above the Law, discusses a contentious interpretation of bribery and gratuities within judicial contexts. Specifically, it features an analysis on how the timing of payments might influence the legal interpretation of quid pro quo arrangements and potential ethical violations…
The operator of Nantucket’s Wine and Food Festival has filed a lawsuit against a former vendor, who allegedly created a competing event under a deceptively similar name. The suit claims the former vendor misled potential participants by suggesting that the new event was a rebranding of the original festival, rather than an entirely new entity….
Global law firm Ashurst has announced the full rollout of Harvey AI to all of its lawyers and offices. This follows a successful trial and pilot program that demonstrated the platform’s potential benefits. According to [available information](https://www.feedblitz.com/fake/), the decision is driven by the firm’s commitment to integrating advanced technology into its legal practices, enhancing efficiency,…
The FBI has issued a stark warning for law firms and attorneys, highlighting a sophisticated phishing scam that has led to nearly $10 million in losses from victims who were targeted by fictitious law firms. This scam, which occurred between February 2023 and February 2024, exploited unsuspecting legal professionals through fraudulent emails and links that…
On Wednesday, the U.S. Supreme Court issued a ruling that limits the reach of a federal bribery law, a decision that legal experts believe will significantly impact the prosecution of public corruption cases involving state and local officials. The ruling removes a tool that prosecutors had been using in various corruption cases, potentially resulting in…
Roberta Kaplan, a prominent New York litigator, announced her departure from Kaplan Hecker & Fink to establish a new, smaller civil litigation, investigations, and advisory boutique. Citing a preference for a more streamlined environment, Kaplan highlighted the increasing bureaucracy that often comes with larger firms as a significant factor in her decision. Kaplan will form…
During her quarter-century as an associate justice on the U.S. Supreme Court, Sandra Day O’Connor, LLB ’52 (BA ’50), was in the majority or plurality of countless high-profile decisions and wrote landmark opinions in polarizing cases dealing with abortion, affirmative action, and military confinement, among other hot-button issues. But Stanford Law School Professor Jeffrey L….