The Litigation Daily The daily source for legal business news, analysis and intelligence from the editors and reporters at The AmLaw Litigation Daily. en-us Copyright 2014. ALM Media Properties, LLC. All rights reserved. The Litigation Daily A Good Day for Terror Funding Plaintiffs in New York With an historic trial victory against Arab Bank and an appellate decision reviving claims against NatWest, plaintiffs took the advantage in Anti-Terrorism Act litigation against international financial institutions in New York. Mon, 22 Sep 2014 21:53:10 EDT 1202671000299 Foreign SEC Tipster Gets Record $30 Million Award In its largest whistleblower award to date, the SEC set aside at least $30 million for a foreign resident who tipped off the agency about an unnamed fraud. The agency said the award was appropriate despite the Supreme Court's stricture against applying U.S. securities laws overseas. Mon, 22 Sep 2014 19:02:37 EDT 1202670986935 After Losing Patent Case, RICO Claims Still Dog Lumen View Lumen View Technology would probably love to forget the patent lawsuit it brought against search engine company But after beating the IP case, winning back its defense fees and suing Lumen View for alleged RICO violations, FindTheBest isn't going to let the plaintiff walk away that easily. Mon, 22 Sep 2014 18:36:44 EDT 1202670983697 Class Action Denied, But Antiaging Pill Litigation Lives On Telomerase Activation Sciences is still locked in litigation with Brian Egan, a former TAS executive who says the pill-maker's marquee product, TA-65, gave him prostate cancer. Mon, 22 Sep 2014 14:46:29 EDT 1202670931588 The Global Lawyer: A Review of Paul Barrett's 'Law of the Jungle' Paul Barrett's fine new book on Chevron in Ecuador has been called lopsided. Let's take a closer look. Sun, 21 Sep 2014 23:59:57 EDT 1202670865522 Diegeo Inks Deal to Exit Johnnie Walker Trademark Row As part of the settlement, Johnnie Walker will become a corporate sponsor for the New York-based Explorers Club. The deal ends a feud that pitted the club's lawyers at Boies, Schiller & Flexner against counsel for Diageo at Quinn Emanuel Urquhart & Sullivan. Sun, 21 Sep 2014 13:33:58 EDT 1202670853383 Settlement Ends Trade Secrets Case Against McKinsey Duo After repeatedly touting its lawsuit against two former executives who departed for McKinsey & Co., turnaround consultancy AlixPartners and its lawyers at Gibson Dunn quietly settled the case. Fri, 19 Sep 2014 16:15:25 EDT 1202670789540 Iraq Loses Its Bid for Oil-for-Food Damages The Republic of Iraq can't pursue damages against some 90 companies for allegedly conspiring with Saddam Hussein to corrupt and plunder the U.N-administered oil-for-food program during the last years of the dictator's regime, the Second Circuit ruled Thursday. Thu, 18 Sep 2014 23:00:00 EDT 1202670652814 Oxfam Sues SEC Over Oil Industry Transparency Rule In its second lawsuit related to requirement for publicly traded oil and gas companies to disclose payments to foreign governments, Oxfam claims the wait for a final version of the rule has gone on far too long. Thu, 18 Sep 2014 22:17:35 EDT 1202670651628 Patent Defendant Seeks to Recover Contingency Fees A semiconductor company that turned back patent infringement allegations wants to recover attorney fees that include a contingency bonus for Kilpatrick Townsend's success in the case. Thu, 18 Sep 2014 18:04:52 EDT 1202670657272 Litigators of the Week: Stephanie Aranyos and Brian Gershengorn of Ogletree Deakins The threat of big overtime damages for contract lawyers in New York has been diminished, thanks to a ruling that Stephanie Aranyos and Brian Gershengorn won for Skadden. Thu, 18 Sep 2014 17:49:35 EDT 1202670612524 Daimler Ruling Hangs Over Chinese Counterfeiting Case The Supreme Court's ruling in Daimler v. Bauman arose from claims of torture, kidnapping and murder in Argentina. But the decision holds promise for foreign defendants in all kinds of cases, as the Second Circuit illustrated Wednesday in a battle over funds held by Chinese counterfeiters at Bank of China. Wed, 17 Sep 2014 20:16:20 EDT 1202670438178 Acacia Unit Socked with Fees in Alcatel Patent Fight A judge in Delaware agreed with Alcatel-Lucent's lawyers at Goodwin Procter that the plaintiff, an Acacia subsidiary called Chalumeau Power Systems, filed a frivolous lawsuit and backed off only after Alcatel refused to negotiate a settlement. Wed, 17 Sep 2014 17:07:25 EDT 1202670410557 Holder Touts Bigger Payouts For Wall Street Whistleblowers Attorney General Eric Holder on Wednesday called on the government to increase rewards for those who blow the whistle on financial crimes, arguing that greater incentives are needed to induce people to come forward with insider information. Wed, 17 Sep 2014 14:54:54 EDT 1202670441194 Wilmer's Lee Erases $368 Million Apple Damages Verdict Another big verdict went up in smoke at the U.S. Court of Appeals for the Federal Circuit on Tuesday, when the appeals court ordered a new damages trial in VirnetX Inc.'s patent infringement case against Apple. Tue, 16 Sep 2014 21:18:46 EDT 1202670309101 Gibson Dunn's Scalia Notches a Loss over CFTC Swaps Rule A judge mostly upheld the Commodity Futures Trading Commission's rules on cross-border swaps, adding a blemish to Eugene Scalia's impressive record challenging government regulations on behalf of Wall Street. Tue, 16 Sep 2014 18:51:43 EDT 1202670293551 Wilson Sonsini IT Employee Charged With Insider Trading The charges against longtime IT employee Dimitry Braverman come two years after a former Wilson Sonsini associate received a record 12-year jail sentence for insider trading. Tue, 16 Sep 2014 18:29:56 EDT 1202670313127 CBS Verdict Empowers Podcast Patent Campaign Personal Audio and its lawyers showed they know how to sway a jury, giving the company leverage in any settlement talks with other defendants they've targeted over podcasting IP. Tue, 16 Sep 2014 16:55:19 EDT 1202670272374