The Securities and Exchange Commission can't prevent lawyers at Pepper Hamilton from getting paid to pursue further appeals in defense of client Pentagon Capital Management, a federal judge in Manhattan ruled Monday.
The reported deal would be the largest ever to resolve federal government claims against a single company.
Once again, it appears that JPMorgan has reached a carefully worded settlement with the government that's unlikely to haunt the bank in related private litigation.
In the wake of embarrassing publicity over a lawsuit filed by former bank examiner Carmen Segarra, the Federal Reserve Bank of New York has failed in its attempt to get parts of that lawsuit and its supporting documents sealed.
With legal battles forcing JPMorgan Chase & Co. to set aside an eye-popping $23 billion for litigation costs, several Am Law 100 firms are reaping hefty legal fees for their work representing the bank, including Sullivan & Cromwell, Wilmer Cutler Pickering Hale and Dorr, and Paul Weiss Rifkind Wharton & Garrison.
Apple and its lawyers at Morrison & Foerster won another round in their patent battle with Samsung on Tuesday, when an Obama administration official refused to override an ITC order blocking Samsung from importing certain smartphones and tablets into the U.S.
For 30 years, vendors in New York could tell customers that they'd get a discount for paying for items with cash instead of plunking down a credit card. But if they called the extra cost tied to credit card purchases a "surcharge," they'd be liable for penalties under the law.
For the fourth time in two months, the Equal Employment Opportunity Commission was dinged by a judge for overreaching in an investigation.
New York still hasn't beaten claims that the state's ban on mixed martial arts bouts is unconstitutional. But Ultimate Fighting Championship and its lawyers at Morrison & Foerster barely avoided a knockout in their lawsuit challenging the ban this week.