While the U.S. Supreme Court keeps raising the bar for class action certification, the Supreme Court of Canada took the opposite tack on Thursday, vastly expanding the scope of price-fixing class actions north of the border.
Quinn Emanuel's Kathleen Sullivan argued Tuesday that "statutory damages on a massive scale" are at stake.
Lawyers at Cadwalader, Wickersham & Taft probably have mixed feeling about a ruling on Tuesday from Judge Richard Posner of the U.S. Court of Appeals for the Seventh Circuit.
Over the last year, the U.S. Court of Appeals for the Ninth Circuit first killed and then revived a California state law that provides an escape hatch from compulsory arbitration. On Monday the Ninth Circuit declared the law dead—again.
Lawyers for a Neuberger Berman shareholder have struggled for years to hold Neuberger executives and board members liable for ill-fated investments in two U.K.-traded Internet gambling companies. On Monday they struck out once again—apparently for good—at the Second Circuit.
A New York Supreme Court appellate panel has determined that Barclays Bank PLC defaulted on a derivative agreement with a unit of Black Diamond Capital Management and must return $297 million to the hedge fund. Richards Kibbe & Orbe represented BDC while Sullivan & Cromwell advised Barclays.
The Third Circuit ruled that "the interests of rich businesspersons" in confidential arbitrations can't be allowed to trump the public's right to access civil trials.
Soverain Software, a holding company with patents related to e-commerce, is banking on Wilmer appellate heavyweight Seth Waxman to revive its case against Newegg Inc. at the U.S. Supreme Court.
Lawyers for victims of terror attacks are cheering favorable decisions in recent weeks in cases against banks accused of violating U.S. antiterror laws by providing financial services to terrorist organizations abroad.