A newsletter by Reuters and Westlaw |
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By Diana Novak Jones, Mike Scarcella and Sara Merken |
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A new lawsuit pitting veteran class action law firms against each other is offering a rare window into how plaintiffs lawyers divide up legal fee awards, our colleague David Thomas reports in this week's Legal Fee Tracker. Scott + Scott sued Robins Kaplan in state court in Manhattan, demanding $5 million it alleges it was promised in connection with a $5.6 billion antitrust class action settlement. The lawsuit shows arrangements the firms made in the antitrust case and a separate class action against private equity firms. Class action fee awards are public because they must be approved by a judge. But how firms agree to split such awards is rarely disclosed. Past cases have shone a partial light in some instances. In general, judges presiding over class actions prefer to keep out of such disputes, said University of Michigan law professor Adam Pritchard. |
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- Rulemaking at the SEC, which hit a record pace early in the Biden administration, has slowed significantly as the agency navigates legal headwinds, our colleague Douglas Gillison reports.
- The University of Washington School of Law landed what appears to be the largest single law school donation of 2024, with a $45 million gift to its existing program that funds masters degrees for lawyers from developing countries.
- U.S. District Judge Jerry Blackwell in Minnesota appointed a group of plaintiffs firms, including Gustafson Gluek, Robins Kaplan and Lockridge Grindal Nauen to various leadership posts in multidistrict price-fixing litigation against major sugar manufacturers. The defense firms include Latham, Wilkinson Stekloff and Allen Overy Shearman Sterling.
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A federal judge in California has found Latham & Watkins in civil contempt for "flagrant violations" of a protective order shielding discovery produced by short-seller Muddy Waters in a securities class action against Banc of California. Alison Frankel unravels the convoluted story behind the newly-unsealed opinion concluding that Latham improperly disclosed attorneys' eyes-only information to its client, a California businessman who was locked in a feud with Muddy Waters. |
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"All sex discrimination isn't also sexual harassment."
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—3rd Circuit Judge David Porter, one of the judges on an appellate panel who appeared to struggle to pinpoint the distinction between sexual harassment and what Porter called "garden variety discrimination based on sex." The court is weighing whether to uphold a New Jersey judge's ruling that said a federal law barring mandatory arbitration of sexual harassment claims was limited to allegations involving sexual advances. Daniel Wiessner has the story. |
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- A Philadelphia County Court of Common Pleas judge will hold a hearing in the city's bid for an injunction to stop a political action committee controlled by billionaire Elon Musk from awarding $1 million to registered U.S. voters in battleground states ahead of the Nov. 5 election. Musk and other parties were ordered to attend the hearing.
- The 6th Circuit will hear a series of industry legal challenges seeking to block the Biden administration's reinstatement of landmark net neutrality rules. The FCC voted in April along party lines to reassume regulatory oversight of broadband internet and reinstate open internet rules adopted in 2015 that were rescinded during the Donald Trump administration.
- The California Supreme Court expects to issue a ruling that addresses whether a used vehicle covered by the maker's express warranty can be considered a "new vehicle." The case before the justices tests the scope of the state's "Lemon Law."
Court calendars are subject to last-minute docket changes.
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- A woman who accused Sean "Diddy" Combs of raping her two decades ago cannot sue him without revealing her identity, a federal judge ruled. The reasoning of U.S. District Judge Mary Kay Vyskocil in Manhattan could apply to other civil lawsuits against Combs, who also faces criminal sex trafficking charges.
- Liu Zhou, the self-described "mastermind" behind cryptocurrency firm MyTrade, pleaded guilty to engaging in a scheme to manipulate the market for digital tokens after a novel FBI investigation dubbed "Operation Token Mirrors." The probe marked the first time the agency directed the creation of its own digital token, as well as a fake cryptocurrency company to help bait and catch fraudsters.
- Former cryptocurrency executive Nishad Singh, who once shared a $35 million Bahamas penthouse with FTX founder Sam Bankman-Fried, was spared prison time for his role in the theft by his imprisoned former boss of about $8 billion in customer funds.
- Some drug wholesalers, retailers, health plans and others asked the 3rd Circuit to revive their lawsuits accusing pharmaceutical company Ranbaxy of conspiring with Pfizer to delay the release of a generic version of the cholesterol medication Lipitor.
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- Bryan Cave Leighton Paisner hired Jenny Durkan as a partner in the firm's financial services disputes and investigations practice in Seattle and D.C. Durkan previously was mayor of Seattle and the city's top federal prosecutor. (Reuters)
- Prominent trial lawyer Barry Berke is departing Kramer Levin with a team of four other white-collar defense lawyers for Gibson Dunn. Berke was chief impeachment counsel to the U.S. House during the Senate impeachment trial of Donald Trump. (Reuters)
- Three former Polsinelli attorneys, including partner Chris Cottrell, jumped to Seyfarth. The attorneys join the energy transactions practice in Houston. (Seyfarth)
- Kirkland added Jeremy Watson as a partner in the insurance transactions and regulatory practice group. Watson, who is based in Chicago, was previously at Sidley. (Kirkland)
- ArentFox Schiff added D.C.-based partner Christopher Skinner to the firm's international trade and investment practice. Skinner was previously at Williams Mullen. (ArentFox)
- Davis Wright Tremaine added bank regulatory partner Max Bonici in D.C. Bonici was previously at Venable. (DWT)
>> More moves to share? Please drop us a note at LegalCareerTracker@thomsonreuters.com.
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The U.S. Department of Commerce has significantly ramped up action under its regulations on software, products and technology infrastructure within the information and communications technology and services supply chain, writes Anthony Rapa of Blank Rome. Read today's Attorney Analysis. |
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