Litigator of the Week
Since the financial crisis, mortgage-backed securities investors have brought dozens of suits against JPMorgan Chase. Those cases have mostly skated through the pleading stage. But summary judgment can be a very different story, as Slifkin and Earnhardt showed this week when they eviscerated Dexia SA's $776 million fraud case against the bank.
For two years, EMC Corporation made a point of using its court fight with Oasis Research as a vehicle for reforming plaintiff-friendly quirks in the patent system. Then the company went the old-fashioned route and beat Oasis's case.
For litigators, it pays to be both tenacious and creative. For evidence, look no further than William Isaacson's long antitrust crusade against Chinese vitamin C manufacturers, which culminated this month in an historic $162 million jury verdict.
Brandt, whose practice usually involves resolving complex financial disputes, didn't seem like the obvious choice to head the legal team opposing New York City's ban on big, sugary drinks. But that just makes his victory this week all the more sweet.
Chevron isn't the only U.S. company that's spent more than a decade fighting accusations that it poisoned the people of Northern Ecuador. But unlike Chevron, lawyers for the military contractor DynCorp International can now claim victory.
Years from now, if customers take it for granted that they have to waive their right to file a class action lawsuit before signing up for an investment account, Wall Street brokerages may owe a big debt of gratitude to Serota and the victory he scored for Charles Schwab & Co. in its fight with FINRA.
Lukey knew there was a chance that jurors would have a hard time identifying with multimillionaire crime novelist Patricia Cornwell in her highly-publicized case against her former financial advisors. But the gamble paid off to the tune of $51 million at trial, and Cornwell's recovery could be even greater when the judge closes the book on the case.
After jumping into a $265 million patent case less than three months before trial, Krevitt parlayed a risky trial strategy into a slam-dunk victory for T-Mobile.
Assured Guaranty's case against Flagstar Bancorp wasn't the biggest case brought by a bond insurer against a mortgage-backed securities issuer in the wake of the housing crisis. But that doesn't make Buchdahl's $90 million victory this week any less of a problem for the banks.