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Upholding $266.7M Fee Award, Del. Supreme Court Rejects Diminishing-Returns Curb on Bigger Wins

Thu, 2024-08-15 15:19

The opinion by Chief Justice Collins J. Seitz Jr. states Delaware precedent doesn't support requiring a declining percentage fee model like the one used in federal courts.

       

Chief Justice Loses Ability—or Willingness—To Be a Consensus Builder

Thu, 2024-08-15 14:50

The Roberts Court, as currently constituted, is thus far different than it was in 2015.

       

With Hours Tenuous, New Metric Looks to Baseball to Assess Lawyer Productivity

Thu, 2024-08-15 14:16

Researchers assert the new metric is more strongly correlated to profitability.

       

How a New 3rd Circuit Website Helps Make Court's History 'Come Alive'

Thu, 2024-08-15 13:59

"People view the courts as this establishment, but when you listen to oral histories it's really about individual people coming together to make this happen," said Third Circuit librarian Melissa Bernstein. "The character of the court changes every time there's a new judge who comes on."

       

'If Only We Had Full Staffing': This Legal Sector Is Spread Thin, but Negotiating Higher Rates

Thu, 2024-08-15 13:28

"It used to be a firm would put in a rate request, and it would take several weeks or months to get approved—now they're getting it approved within 24 to 48 hours," one recruiter said.

       

SEC Agrees to Dismiss Civil Suit Against Former Pharma CIO Over Alleged Insider Trading

Thu, 2024-08-15 11:41

"We are delighted that Ram has been fully vindicated of these meritless allegations," former Mylan executive Ramkumar V. Rayapureddy's lead counsel, Adam Lurie, a partner at Linklaters, said of the outcome. "He has shown remarkable courage and resilience throughout this long injustice and is looking forward to moving on with his life and his career."

       

The Future Viability of 105(a) Injunctions Following the Supreme Court's Decision In 'Purdue Pharma'

Thu, 2024-08-15 11:28

Until now, a successful reorganization assumed the debtor could confirm a plan with nondebtor releases and injunctions based on less than full creditor consensus. Now that nonconsensual releases in Chapter 11 plans are no longer permitted, will debtors have a more difficult time obtaining a 105(a) injunction?

       

'We're Going to Tear the Barriers Down': Judge Prepares to Open App Market Floodgates on Google

Thu, 2024-08-15 10:29

"When you have a mountain that's built out of bad conduct, you're going to have to move that mountain," U.S. District Judge James Donato said.

       

Financial Firms Hit With Another $470M in 'Off-Channel' Communications Fines

Thu, 2024-08-15 08:50

The 3-year-old crackdown now has yielded more than $3 billion in penalties, and regulators show no signs of letting up.

       

Client Fought for Son's Settlement as Girardi Keese Paid for Private Jets, Luxury Cars

Thu, 2024-08-15 08:26

In one of the more dramatic moments of the Tom Girardi criminal trial, ex-client Erika Saldana broke down in tears recalling her fight to get $1 million in settlement funds less than a year before her ill son died.

       

How Corporate Law Legislation Morphed Into a Conversation on Judicial Ethics

Thu, 2024-08-15 07:30

An amendment to Delaware's corporation law has divided lawyers and led to discussion about when Court of Chancery judges should and should not weigh in on laws they will later apply.

       

Should Judges Comment On The Laws They Will Later Apply? Delaware's Corp. Law Amendment Process Sparks Debate

Thu, 2024-08-15 07:30

An amendment to Delaware's corporation law has divided lawyers and led to discussion about when Court of Chancery judges should and should not weigh in on laws they will later apply.

       

'We Want to be Global, Not International': CMS Reports 5% Revenue Growth Amid Expanded US Merger Search

Thu, 2024-08-15 07:07

The firm's managing partner Stephen Millar indicated that the firm, which has for years sought a stateside merger, is assessing the possibility of looking at several smaller U.S. firms for potential tie-ups.

       

2024 GC Pay Report: $20M Club Shrinks, but Not Average Compensation

Thu, 2024-08-15 06:32

Netflix was an outlier in revamping its pay practices in a year when robust stock market returns left investors disinclined to second guess boards.

       

2024 GC Pay Report: The Full List, From No. 1 to No. 526

Thu, 2024-08-15 06:09

In a quirk that's unlikely to be repeated, one legal chief from Big Tech tops the rankings and another lands at the very bottom.

       

9 Big Law Firms See Work From SEC's Latest Enforcement Action

Thu, 2024-08-15 05:00

Davis Polk, Sidley, Foley, Milbank, Wilmer, King & Spalding and other firms were defense counsel for 26 broker-dealers, corporate insiders and others for widespread recordkeeping failures.

       

ILTACON Days 2 & 3: Strike Zones, Bigger Context Windows and Prompting Olympics

Thu, 2024-08-15 00:39

At ILTACON 2024, generative AI integrations alone are no longer big news. Rather, many are highlighting the specific purpose of their AI use, the UI/UX that enables users to interact with it, and the soup of large language models that power their solutions.

       

Is the 5th Circuit Really Too Conservative for the Supreme Court?

Thu, 2024-08-15 00:00

The only honest way to assess performance in the Supreme Court is to divide the number of Supreme Court reversals by the number of appeals the circuit decided the previous year. On that metric, the Fifth Circuit was reversed only one time for every 1,000 appeals.

       

'Irreversible Suffering': Apple Hit With Class Action Over Lack of Safety 'Guardrails' for Children

Wed, 2024-08-14 23:38

The suit, filed Tuesday in the U.S. District Court for the Northern District of California by the Buche Law Firm and Eisenberg & Baum, claims that Apple has escaped accountability for the proliferation of CSAM on iCloud by engaging in "privacy-washing," which it defines as "a deceptive marketing tactic where Apple touts its commitment to protect the privacy of its consumers but neglect[s] to meaningfully implement its stated ideas to practice."

       

'Irreparable Harm'?: US Judge Denies Big Pharma Motion to Halt FDA-Approved Generic Drug

Wed, 2024-08-14 23:26

"Novartis has not established on the current record that it is likely to suffer irreparable harm if injunctive relief is not granted," U.S. District Judge Dabney L. Friedrich wrote in her memorandum opinion denying Novartis's motion for a preliminary injunction without prejudice.

       

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