The Litigation Daily
Top Stories May 20, 2012
Skadden Leads Effort To Invalidate California Artists' Royalties Law
May 18, 2012 :: Commercial
Lawyers for Sotheby's and Christie's convinced a Los Angeles federal judge to declare unconstitutional a state law providing for five percent resale royalties to artists. Skadden represented Christie's, and Morrison Forester and Weil, Gotshal & Manges represented Sotheby's.
Susan Beck's
Summary Judgment
Let's See Kaplan Kick the Third Rail of Shareholder Litigation
By Susan Beck | May 16, 2012
No one expects executives to suffer any personal financial consequences when they're sued by shareholders. Except, perhaps, Manhattan U.S. district judge Lewis Kaplan. The judge has expressed concerns about a $90 million no-consequences settlement with former Lehman officers that will be paid entirely out of D&O insurance, and wants to know more about the defendants' wealth.
Litigator of the Week
Hector Torres of Kasowitz Benson Torres & Friedman
By Jan Wolfe | May 17, 2012
A trustee's $500 million malpractice suit against K&L Gates over the demise of Le-Nature's Inc. sputtered out in 2010, but now it's back on track, thanks to Torres's appellate win this week.
The Global Lawyer
The Global Lawyer: Will Canada be the Global Backstop for U.S. Courts?
By Michael D. Goldhaber | May 13, 2012
After the U.S. courts stopped policing global securities fraud, Canada became a global class action haven. Now the U.S. courts seem on the verge of abandoning their global oversight of corporate human rights offenses. Will Canada again step into the breach?
As Facebook Goes Public, Cooley Gears Up To Fight $15 Billion Privacy Suit
May 19, 2012 :: Consumer
Facebook assured its users that it wouldn't track their Internet browsing after they logged out, but it still did that, according to a purported class action suit. The plaintiffs are seeking statutory damages of $100 per violation per day, which add up to $15 billion.
Skadden Leads Effort To Invalidate California Artists' Royalties Law
May 18, 2012 :: Commercial
Lawyers for Sotheby's and Christie's convinced a Los Angeles federal judge to declare unconstitutional a state law providing for five percent resale royalties to artists. Skadden represented Christie's, and Morrison Forester and Weil, Gotshal & Manges represented Sotheby's.
Viacom and Time Warner Settle Suits Over Device-Streaming Apps
May 18, 2012 :: Contracts / IP
Time Warner stopped streaming Viacom shows in March 2011, after Viacom claimed that its licensing agreement didn't allow Time Warner subscribers to watch Viacom programs through broadband transmissions. The settlement allows that streaming to resume, for now at least.
Second Circuit Rebuffs Madoff Feeder Fund Investor Trying to Sue PWC
May 18, 2012 :: Appellate
G. Philip Stephenson--who invested $60 million in the Greenwich Sentry feeder fund eight months before Madoff's fraud was revealed--can't sue PriceWaterhouseCoopers, which audited the fund. But the plaintiff may still recover indirectly from PWC through a lawsuit that Greenwich Sentry's bankruptcy trustee has filed against PWC in New York State Court.
