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June 26, 2017 | The American Lawyer

Weil Grabs Bankruptcy Wheel for Ailing Air Bag Maker Takata

Japanese auto parts manufacturer Takata Corp. has turned to Weil, Gotshal & Manges and two other firms as it pursues a $1.6 billion sale to Key Safety Systems Inc. The proposed acquirer, advised by Skadden, Arps, Slate, Meagher & Flom, is owned by China's Ningbo Joyson Electronic Corp. Big legal fees loom on the horizon.
7 minute read
June 26, 2017 | The American Lawyer

Litigation Funder VGL Capital Bolsters Staff With Two Hires

Barry Mandel, a retired partner at Foley & Lardner and former head of the firm's securities enforcement and litigation practice, and Denis Salmon, a former co-chair of the intellectual property group at Gibson, Dunn & Crutcher, are making the move to a California-based litigation financier.
39 minute read
June 23, 2017 | New York Law Journal

How Second Circuit's 'Stadnick' Decision Provides Securities Clarity

The U.S. Court of Appeals for the Second Circuit added a valuable point of clarity in securities cases dealing with material omissions this past week, even if 'Stadnick v. Vivint Solar' did little to change how most attorneys say they plan to approach the law.
4 minute read
June 22, 2017 | National Law Journal

Miller & Chevalier Saddles Up for 100th Anniversary with New Chairman

Tax specialist Marc Gerson will take over as chairman of the 105-lawyer Washington firm, which recently moved to new offices and will celebrate its 100th anniversary in 2020.
3 minute read
June 22, 2017 | Litigation Daily

A Blast From the (Smoky) Past: Are Opioid Suits the New Big Tobacco?

As states, cities and counties pile on to sue opioid manufacturers for fueling drug addiction, it's got a familiar feeling: the suits against big tobacco.
4 minute read
June 21, 2017 | Delaware Law Weekly

Del. Federal Judge Blocks Merger of Radioactive-Waste Disposal Firms

A Delaware federal judge on Wednesday blocked the planned $367 million merger of market-leading radioactive waste disposal companies EnergySolutions Inc. and Waste Control Specialists, ruling in favor of government attorneys who argued the tie-up would violate U.S. antitrust law.
4 minute read
June 21, 2017 | New York Law Journal

Second Circuit Splits With First Over Securities Disclosure Test

A U.S. Court of Appeals for the Second Circuit panel Wednesday rejected attempts by a plaintiff to assert a First Circuit standard for securities fraud cases dealing with the disclosure of information to investors.
3 minute read
June 21, 2017 | The Recorder

Latham Makes Another Key Litigation Hire in Leslie Caldwell

Leslie Caldwell has become the latest former head of the U.S. Department of Justice's criminal division to join Latham & Watkins. The firm announced Wednesday that Caldwell will join its white-collar defense and investigations practice in September. The former partner at Morgan, Lewis & Bockius will work out of San Francisco.
5 minute read
June 19, 2017 | New York Law Journal

NYPD Use of Noncommittal 'Glomar' Answer Questioned as Transparency Dodge

Some in the legal community can neither confirm nor deny that the New York City Police Department's policy of using the so-called Glomar doctrine as an exemption to open records requests is a good thing. But all can agree that the CIA-coined nonanswer to requests for information that was typically used in situations involving matters of national security has seen wider use in recent years.
18 minute read
June 19, 2017 | The American Lawyer

Gibson Dunn Builds Up Its Presence in Europe, Finding Opportunity Amid Uncertainty

The firm, which has five offices in Europe, has continued to steadily build up its presence there.
43 minute read

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