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June 27, 2017 | New Jersey Law Journal

Justices Agree to Take Up NJ Sports Wagering Case

The U.S. Supreme Court has agreed to hear an appeal in New Jersey's long-running effort to legalize gambling on sports events.
22 minute read
June 27, 2017 | National Law Journal

Class Action Decision Could Be Harbinger of Gorsuch's Textualist Approach

Monday's U.S. Supreme Court decision in a closely watched securities case was the first class action in which newly appointed Justice Neil Gorsuch participated, and he didn't disappoint. Gorsuch joined the majority in the U.S. Supreme Court's 5-4 decision in "California Public Employees' Retirement System v. ANZ Securities," in which the court ruled that the time period after which a defendant could no longer be sued by shareholders was a statute of repose that couldn't be tolled.
4 minute read
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

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