Sullivan and Cromwell convinced a U.S. district judge in Houston to deny class certification to BP shareholders who sued the company in the aftermath of the 2010 Deepwater Horizon oil spill. But other firms like Wachtell Lipton and Gibson Dunn helped clear the way.
Marc Kasowitz of Kasowitz Benson and Simpson Thacher's David Woll faced off before a New York appellate panel weighing a crucial threshold issue for mortgage-backed securities repurchase cases.
Reed Smith's Beck says the U.S. Supreme Court's eventual ruling in Halliburton v. Erica P. John Fund holds great promise for product liability defense lawyers, while the securities bar takes all the risk.
A judge in San Francisco dismissed claims against other execs, but said Hewlett-Packard CEO Meg Whitman appeared to mislead investors.
As part of Tuesday's historic $13 billion deal, the DOJ and JPMorgan resolved that the bank can't recoup some Washington Mutual-related settlement funds from the Federal Deposit Insurance Corporation. But that doesn't mean that JPMorgan and the FDIC are done fighting over WaMu securities.
By granting review in Halliburton v. Erica John Fund, the high court didn't necessarily set securities class actions on the path to extinction, says Stanford Law School professor Joseph Grundfest.