Recent Updates
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Supreme Court hears $10B Phillip Morris appeal
Class Action 05/19/2015The Illinois Supreme Court has heard oral arguments about whether to let a $10 billion class-action verdict against a major cigarette maker stand. Former Illinois Gov. Jim Thompson and another Phillip Morris lawyer asked the court Tuesday to strike t...
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Boston woman pleads not guilty to marathon injury fraud
Personal Injury 04/23/2015A Boston woman has pleaded not guilty to fraudulently receiving thousands of dollars by claiming she was injured in the Boston Marathon bombing. Joanna Leigh was arraigned Monday on charges of larceny and making a false claim to a government agency. ...
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Court rules GM shielded from death claims before bankruptcy
Bankruptcy Law 04/23/2015A federal judge ruled Wednesday that a 2009 bankruptcy order shields General Motors from billions of dollars in death and injury claims tied to defective ignition switches in older small cars. But Judge Robert Gerber in New York, who handled GM's gov...
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Bankrupt Caesars unit gets court's OK to use cash, for now
Bankruptcy Law 03/23/2015A federal judge in Chicago ruled Wednesday that a bankrupt division of Caesars Entertainment Corp. can tap some of the $847 million in cash it has on hand for at least five weeks. Judge Benjamin Goldgar said Caesars Entertainment Operating Co. could ...
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Bankruptcy court to weigh Revel sale, but loopholes exist
Bankruptcy Law 03/23/2015A bankruptcy court judge will consider — yet again — the proposed sale of Atlantic City’s former Revel Casino hotel to a Florida developer. But the $82 million deal has loopholes that could let the owner, Revel AC, or the purchaser,...
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TiVo gets bankruptcy court approval to buy some Aereo assets
Bankruptcy Law 03/23/2015TiVo said Friday that it has received bankruptcy court approval to buy some assets of Aereo, an online startup that offered a cheaper alternative to cable TV. Financial terms were not disclosed. Aereo filed for Chapter 11 bankruptcy protection in Nov...
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Morgan Stanley to pay $2.6B to settle charges
Corporate Law 02/09/2015Morgan Stanley said Wednesday it has agreed to pay $2.6 billion to settle with the federal government over its role in the mortgage bubble and subsequent financial crisis. The settlement makes Morgan Stanley the latest Wall Street bank to reach a set...
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Nevada court says Strip club dancers are employees
Employment Law 10/23/2014In a legal decision with wide implications for strip clubs in Sin City, the Nevada Supreme Court ruled Thursday that dancers at one Las Vegas club are employees, not independent contractors, and are entitled to be paid minimum wage. The unanim...
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Seattle lawyer left $188 million charitable trust
Legal Careers News 09/09/2014A Seattle lawyer who quietly amassed a fortune by investing his inherited family wealth has left a bequest of nearly $188 million to benefit Seattle Children's Hospital, the University of Washington School of Law and the Salvation Army. Hospital offi...
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Court Won't Hear Appeal Of New York Internet Taxation
Tax Law 09/09/2014The Supreme Court on Monday refused to consider throwing out New York state's taxes on Internet purchases on websites like Amazon.com, a move that could change the way Internet commerce works. The high court refused without comment to hear appeals fr...
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Court in NYC upholds insider trading conviction
Practice Focuses 09/09/2014S. Circuit Court of Appeals upheld the conviction of Zvi Goffer and two others in a case the government had once touted as the biggest insider trading prosecution in history. In all, more than two dozen defendants were convicted, including a one-time...
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Folsom man pleads guilty in $40M investment scam
Corporate Law 09/09/2014The president of a Northern California financial firm has pleaded guilty to wire fraud in an investment scam that bilked more than 300 people out of roughly $40 million. Federal prosecutors in Sacramento say Anthony Vassallo and his associates collec...