Law 360 M&A

DECEMBER 5, 2023

An Illinois law firm that earlier this year was found liable for the loss of a client's $3 million placed in an escrow account under the firm's control has urged a federal judge to uphold its right to a jury trial.

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Law 360 M&A

MARCH 26, 2024

Securities and Exchange Commission's novel "shadow trading" trial, saying the defendant was involved in a confidential process that identified biopharma company Incyte as comparable to Medivation — information the defendant is accused of trading on.

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Reynolds Holding

NOVEMBER 7, 2022

For at least a quarter century, the Securities and Exchange Commission (SEC) has pursued claims of unlawful insider trading where the information at issue was material to the stock price of the sponsor of a clinical trial. The sponsor of a trial is often a publicly traded company seeking to develop a profitable drug.

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Benzinga

MARCH 12, 2024

NYSE: KR ) and Albertsons Companies Inc (NYSE: ACI ) is reportedly slated for trial in Oregon at the end of August. District Judge Adrienne Nelson set the trial to commence on August 26 in Portland, anticipated to span two to three weeks, reported Bloomberg. Federal Trade Commission’s effort to halt the $24.6

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Law 360 M&A

MARCH 22, 2024

A California federal judge overseeing a "shadow trading" trial starting Monday against a pharmaceutical executive ruled that the U.S. Securities and Exchange Commission can't introduce banking sanctions evidence against the defendant's mergers and acquisitions expert as long as he doesn't give opinions on securities law.

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Reynolds Holding

APRIL 25, 2024

The SEC Action and the Trial The SEC sued Panuwat in the U.S. Prior to trial, the court precluded Panuwat from arguing to the jury that the case was “unique,” “novel,” or “unexpected.” Prior to trial, the court precluded Panuwat from arguing to the jury that the case was “unique,” “novel,” or “unexpected.”

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Law 360 M&A

FEBRUARY 22, 2024

of monopolizing the personal social networking market could be ready for trial later this year, despite the company saying the case is too complex to start that soon. The Federal Trade Commission told a D.C. federal court its case accusing Meta Platforms Inc.

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Law 360 M&A

FEBRUARY 27, 2024

billion, adding a new wrinkle to the case just weeks ahead of trial. Ultimate Fighting Championship has entered private mediation with a group of fighters suing the promotion in Nevada federal court for suppressing their wages by up to $1.6

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Law 360 M&A

DECEMBER 18, 2023

A Florida investment company suing Cohn & Cohn over the disappearance of $3 million placed in escrow with the Illinois law firm told a federal judge that no jury damages trial is needed on three claims on which liability has already been decided in the company's favor.

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Mckinsey and Company

JANUARY 22, 2024

Biopharma sponsors are seeking to accelerate clinical trials and reduce costs through a set of targeted actions aimed at improving patient and site engagement and enrollment productivity.

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Law 360 M&A

JULY 19, 2022

Twitter won its bid for a fast-tracked trial Tuesday in its Delaware Court of Chancery fight to force Elon Musk to close on his $44 billion agreement to buy the social media giant, with a trial ordered to commence as early as October.

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Law 360 M&A

JANUARY 12, 2024

A Black former associate suing Davis Polk & Wardwell LLP for alleged retaliation closed out the first week of trial Friday, quizzing a parade of legal industry professionals before a Manhattan federal jury amid repeated cautions from the judge on timing.

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Law 360 M&A

JANUARY 8, 2024

Berkshire Hathaway-controlled Pilot Travel Centers and its minority owner have canceled a two-day Delaware Court of Chancery trial on minority member claims that the Berkshire camp wrongly calculated a multibillion-dollar buyout of the truck and traveler stop chain's minority shares.

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Law 360 M&A

DECEMBER 1, 2023

Ultimate Fighting Championship fighters assailed the company for trying to avoid trial next year on antitrust claims alleging it suppressed wages by up to $1.6 billion through coercive, exclusive contracts and the purchase of rival promoters, telling a Nevada federal judge UFC's arguments for dismissal are deeply contradictory.

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Law 360 M&A

DECEMBER 21, 2023

Securities and Exchange Commission agreed Thursday to pay $240,000 to avoid going to trial a second time on allegations that he profited off insider information about a multibillion-dollar merger. The mortgage broker who won a rare courtroom victory against the U.S.

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Law 360 M&A

JUNE 12, 2023

As the fraud case against Alex Murdaugh continues to play out, the evidence and narrative presented at his murder trial earlier this year may provide lessons for law firms on implementing robust internal controls that can detect and prevent similar kinds of fraud, say Travis Casner and Helga Zauner at Weaver and Tidwell.

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NYT M&A

AUGUST 2, 2022

“Consolidation is bad for competition,” Mr. King said in the trial that will determine whether Penguin Random House may acquire Simon & Schuster.

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Law 360 M&A

JANUARY 18, 2024

A Nevada federal court refused Thursday to let Ultimate Fighting Championship avoid a slated April trial on claims alleging the company suppressed fighter wages by up to $1.6 billion, and also refused to exclude crucial expert opinions from the case.

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Law 360 M&A

SEPTEMBER 6, 2022

17 start of a trial on Twitter's suit to compel closing on Musk's $44 billion deal to buy the company, with Twitter's counsel slamming the request as an unsupportable litigation gambit. Attorneys for tech billionaire Elon Musk urged Delaware's chancellor Tuesday to delay the scheduled Oct.

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NYT M&A

JULY 19, 2022

Twitter had sought to expedite the case by requesting a trial in September, which Mr. Musk had countered by asking for a trial in February.

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Law 360 M&A

MAY 12, 2023

billion buyout, reaching a deal one week ahead of a scheduled trial in the long-running Delaware litigation. Pandora Media Inc. stockholders said Friday that they've reached a settlement with Pandora and Sirius XM Radio directors accused of orchestrating an unfair $3.5

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Law 360 M&A

NOVEMBER 27, 2023

A Manhattan federal judge set a May 2024 trial date Monday for the last two defendants to deny their participation in an alleged five-man insider trading ring revolving around Alexion Pharmaceuticals Inc.'s billion purchase of another biotech firm.

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Benzinga

OCTOBER 5, 2022

Despite news that Elon Musk again submitted a bid to acquire social media platform Twitter Inc (NYSE: TWTR ), a trial between the Tesla Inc (NASDAQ: TSLA ) CEO and the acquisition target is still on. 17 would begin the highly anticipated trial. The announcement comes after it was revealed that Musk proposed to buy Twitter for $54.20

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Law 360 M&A

JANUARY 18, 2023

The Federal Trade Commission on Tuesday formally rejected tech giant Meta's request to pause a trial challenging its proposed merger with virtual reality company Within after attorneys from both parties agreed to push the trial back two weeks to allow more time for the judge to consider the agency's preliminary injunction bid.

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Law 360 M&A

JUNE 1, 2023

billion purchase of the video game company, saying it "doesn't make sense" to rule before an upcoming August trial in the FTC's suit challenging the deal. A California federal judge on Thursday postponed gamers' request to depose Activision Blizzard's CEO Bobby Kotick in their suit opposing Microsoft's planned $68.7

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Law 360 M&A

APRIL 6, 2023

Pointing to "factually rife" issues and no good reasons to take up summary judgment arguments, Delaware's chancellor on Thursday sent to trial a nearly four-year-old stockholder suit challenging Pandora Media Inc.'s billion acquisition by Sirius XM Radio.

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Law 360 M&A

JANUARY 17, 2024

A nearly 5-year-old lawsuit accusing private equity shop Comvest of failing to submit Medicare billings after acquiring medical equipment company Dura Medic in a May 2018 merger must go to trial, a Delaware Chancery Court has ruled.

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Benzinga

JULY 19, 2022

Delaware Court of Chancery Judge Kathaleen McCormick granted a motion from Twitter Inc (NYSE: TWTR ) Tuesday seeking an expedited trial in the company's lawsuit against Tesla Inc (NASDAQ: TSLA ) CEO Elon Musk, which aims to force him to follow through on a buyout of the social media platform.

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NYT M&A

OCTOBER 6, 2022

Key details on the $44 billion offer are still being hashed out on a deal that could head off a trial set to begin in Delaware in a little more than a week.

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Benzinga

AUGUST 22, 2022

17 trial scheduled to decide whether Musk will be forced to acquire Twitter at an original purchase price of $44 billion. What Happened: Musk’s legal team has subpoenaed Dorsey ahead of the trial.

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Law 360 M&A

AUGUST 17, 2022

federal judge on Wednesday issued a midtrial order excluding Penguin Random House's predicted cost-savings from the trial on its planned merger with Simon & Schuster, savings the publisher says would be passed on to authors in the form of higher advances.

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ThomsonReuters

APRIL 7, 2022

The Ninth Circuit has reversed a federal trial court’s ruling that a large insurer breached its fiduciary duty to health plan participants by using overly restrictive guidelines for administering claims. United Behavioral Health, 2022 WL 850647 (9th Cir. Available at [link]. Contributing Editors: EBIA Staff.

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Law 360 M&A

JUNE 22, 2023

Duane Morris LLP has hired a longtime Bracewell LLP trial partner, who formerly served as a Texas district court judge, in its Dallas office, the firm announced Wednesday.

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Law 360 M&A

DECEMBER 18, 2023

billion fraud and breach of contract case brought by IBM, saying the entire dispute "should be analyzed and resolved together" at trial. A Manhattan judge declined Monday to excuse microchip maker GlobalFoundries from some claims in a $1.5

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Law 360 M&A

JANUARY 29, 2024

Each was among the two-dozen attorneys who litigated President Bill Clinton's historic impeachment trial 25 years ago this month — and then saw their lives go in dramatically different directions. One has been seeking the White House, and another has been steering a BigLaw powerhouse.

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Law 360 M&A

NOVEMBER 7, 2022

A Delaware vice chancellor on Monday told counsel for litigants in two consolidated stockholder lawsuits alleging CBS's $30 billion merger with Viacom in 2019 was unfair that he will schedule separate five-day trials, as doing so won't "impinge on litigants' economy."

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Law 360 M&A

JANUARY 11, 2023

Dispute resolution services provider IMS Consulting & Expert Services acquired the trial division of the technology-based litigation services company Precise Inc. on Tuesday.

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