Civil Procedure – May 23, 2012

by Potter Anderson & Corroon LLP on 5/22/2012

In this memorandum opinion, the Court of Chancery construed two confidentiality agreements executed by direct competitors at the outset of friendly negotiations regarding a possible business combination. Although neither of...more

by Katten Muchin Rosenman LLP on 5/21/2012

The U.S. Court of Appeals for the Seventh Circuit rejected the argument of a dissenting shareholder in a freezout merger that provisions of Wisconsin’s corporate law were binding contractually on a company’s founders and its...more

by Quinn Emanuel Urquhart & Sullivan, LLP on 5/17/2012

A recent federal district court decision represents a growing trend by courts to limit the enforceability of a shareholder oversight provision of the Dodd-Frank Wall Street Reform and Consumer Protection Act, signed into law...more

by Katten Muchin Rosenman LLP on 5/15/2012

The U.S. District Court for the Southern District of New York last week denied defendants Rajat Gupta and Raj Rajaratnam’s motion to compel documents concerning settlement negotiations between the Securities and Exchange...more

by BuckleySandler LLP on 5/14/2012

On May 4, the U.S. District Court for the Southern District of New York denied, in large part, a motion to dismiss one of the many pending mortgage-backed securities (MBS) cases brought by the Federal Housing Finance Agency...more

by Quinn Emanuel Urquhart & Sullivan, LLP on 5/11/2012

In this Issue: *Firm Awards: Managing IP Honors Charles Verhoeven as IP Practitioner of the Year; Ivan Marisin Receives Top Ranking in Russia; and Eric Winston Named “Outstanding Young Restructuring Lawyer” for 2012...more

by Bilzin Sumberg Baena Price & Axelrod LLP on 5/11/2012

On May 3, 2012, U.S. District Judge Lewis Kaplan in Manhattan refused to allow insurers for former officers and directors of Lehman Brothers Holdings Inc. to settle a fraud lawsuit for $90 million. The lawsuit had been...more

by Orrick, Herrington & Sutcliffe LLP on 5/8/2012

On April 30, 2012, the United States Court of Appeals for the Second Circuit affirmed a lower court’s denial of class certification in two putative class action lawsuits brought by New Jersey Carpenters Health Fund and...more