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July 2017 / 10 posts found

Man handed £175k ordered to give ex-wife £100k in divorce | Daily … – Daily Mail

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Andrew Kerslake regards the settlement as 'dirty money' and has put it in a trust A judge has ordered a father to give his estranged wife £100,000 from the compensation he received for suffering sexual abuse as a child. Andrew Kerslake, 47, was given £175,000 by the Government but regarded the cash as ‘dirty money’ and put it into a trust, to be given to a charity when he dies. But as part of her divorce settlement, his ex-wife Helen Tippett, 42, applied to a court in Wales to demand a share of the fund, claiming it was a marital [...]

Shifting sands: The data breach litigation landscape in 2017 – Westlaw Insider (blog)

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The smiling red skull glowing from the computer monitor is a rather rude indication that your computer or information system has been attacked. Upon further investigation, you learn that a significant amount of personal, company and other protected data have been hacked. Can these actions result in a lawsuit that survives a motion to dismiss? Judges are human beings after all, and the plethora of data breaches in late 2016 and early 2017, from the Democratic National Committee to the CIA, has not gone unnoticed by the judiciary. The state of the law as to causes of action, standing and [...]

HSBC, UBS settle US rate-rigging litigation; 10 banks’ total payout tops $408 million – Reuters

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NEW YORK (Reuters) - HSBC Holdings Plc (HSBA.L) and UBS Group AG (UBSG.S) have each agreed to pay $14 million to settle private U.S. litigation accusing them of rigging an interest rate benchmark used in the $483 trillion derivatives market. The preliminary settlements were disclosed in filings on Tuesday in the U.S. District Court in Manhattan and require a judge's approval. They boost the total payout from 10 settling banks to $408.5 million. HSBC and UBS denied wrongdoing. Several pension funds and municipalities had accused 14 banks of conspiring to rig the ISDAfix benchmark for their own gain from at [...]

Go With Professional Lawyers To Take Care Of Business Litigation Issues

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Are you a business owner or involved in any business affairs? If you are nodding your head for yes, issues that arise every now and then may lead to business litigation. Most of them are related to financial, property and contract problems. This type of litigation involves business legal matters that could be taken to court. Even if a business or an individual is facing any such issues, it's the right time to consult a legal professional. It's a fact that dealing with legal resources on your own may lead to many risks and could cost you or your business [...]

Firms Offer Litigation Insurance So Clients Can Hedge Bets in Court – Bloomberg Big Law Business

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Stephen Rathkopf was entering the twilight of his career as a partner at Herrick Feinstein, and looking to resolve one of his biggest cases: Years earlier, he’d secured a $300 million trial judgment for a client, of which his firm was entitled to 10 percent for its fees. But with the case tied up in appeals, he wanted some insurance that his firm would be paid. “Even though I thought we would win on appeal, in litigation there’s always a chance you could lose,” Rathkopf said, of the case, In re: Winstar Communications. To hedge against the possibility that the [...]

Discovery: The Trenches Of Litigation

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One of my colleagues told me early on in my career that litigation is often won or lost in discovery. It took me months of working to understand what he meant; to me as a young attorney litigation was won or lost on a motion to dismiss, a motion for summary judgment, or at trial, not during document productions, interrogatory responses, or depositions. I have since learned, through firsthand experience in discovery, that discovery is more important than law school classes would leave young attorneys to believe. Aspiring attorneys never learn the basics of discovery until they are on the [...]

Banco Popular investors hire attorneys to explore litigation options – Financial Times

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A group of investors burnt in the failure of Banco Popular have hired international law firm Quinn Emanuel to explore litigation options. The bondholder group, which includes Pimco, Anchorage, Algebris and Ronit Capital, make up a “material percentage” of holders of the bank’s junior bonds. Santander acquired Banco Popular for the symbolic sum of €1 in early June, with equity and junior bondholders written down as part of the resolution process. In a conference call following the acquisition, Santander confirmed it had set aside funds for “potential litigation risk” but did not confirm a specific amount. Quinn Emanuel says it [...]

The Litigation Storm Around President Trump

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Liberal activists are thrilled to be suing President Donald Trump. “The reason you’re seeing a proliferation of lawsuits against President Trump is that he brought his lifelong contempt for the rule of law with him to the Oval Office,” says Norman Eisen, the chief White House ethics lawyer for President Barack Obama. Eisen now heads a watchdog group called Citizens for Responsibility and Ethics in Washington, which—along with Democratic members of Congress, the state of Maryland, and the District of Columbia—are suing Trump for violating the Constitution’s foreign emoluments clause. That long-dormant anti-corruption provision forbids public officials from accepting payments [...]

Litigation not affecting Oxford EMS operations, suspended employees say – Anniston Star

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Whenever cars crash in Oxford and someone calls 911, fire Chief Gary Sparks said recently, the dispatcher on the other end of the line typically asks two questions. “Is anyone hurt?” An answer yes triggers an Oxford Emergency Medical Services ambulance, Sparks said. An affirmative to the second question — “Is anyone trapped in the vehicle?” — dispatches Sparks’ firefighters, who assist paramedics on the most severe wrecks and in other medical emergencies. The two agencies were called together to emergencies 287 times last year, Sparks said. The ambulance dispatchers likely answer many more calls than his agency does. Every [...]

Lilly Settles Patent Litigation on Cialis with Generic Firms – Nasdaq

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Eli Lilly & CompanyLLY announced that it has entered into an agreement with generic companies to settle a patent related to its erectile dysfunction drug Cialis (tadalafil). The patent related to the unit dose of the drug is pending in the U.S. District Court for the Eastern District of Virginia. The unit dose patent for Cialis was previously expected to expire on Apr 26, 2020. However, with the latest settlement, the patent is set to expire roughly a year and a half ahead on Sep 27, 2018, at the earliest. Unit dose represents a sealed single-unit container which is designed [...]