Legal Book » largest

Two auto parts companies to pay $548M in antitrust prosecution

Master — Tue, 31 Jan 2012 07:15:08 +0000

Two Japanese automotive parts suppliers have agreed to pay a combined $548 million in criminal fines for their roles in price-fixing and bid-rigging conspiracies in the sale of products to automobile manufacturers in the United States, in what the Justice Department describes as the largest criminal probe its antitrust division has ever pursued.

Law Firm Mergers Abound Overseas

Master — Sat, 21 Jan 2012 09:40:21 +0000

It’s not just regional law firms in the United States that are combining operations. Recent major tie-ups beyond U.S

Federal Prosecutors Charge Seven in Global Online Piracy Sting

admin — Fri, 20 Jan 2012 06:02:18 +0000

Seven people and two companies have been charged with running one of the largest online piracy rings in the world, the Justice Department has announced. Officials said alleged members of the conspiracy, which operated Megaupload.com, generated more than $175 million in revenue and cost copyright holders $500 million. On Thursday, authorities in New Zealand arrested four of the defendants, including the alleged founder of Megaupload, Kim Dotcom.See related story: DOJ, Universal Music Websites Targeted After Piracy Arrests

Miss. Judge Throws Out Record $322 Million Asbestos Award Over Trial Taint

Master — Wed, 04 Jan 2012 12:39:03 +0000

A Mississippi state court judge has tossed a $322 million jury verdict against Union Carbide and Chevron Phillips — the largest-ever award for a single-plaintiff asbestos personal injury case. Defense lawyers discovered last year that the trial judge’s family was involved in related asbestos litigation.

Amid Trial, Judge Acquits Executive in FCPA Sting Case

Master — Sat, 24 Dec 2011 03:44:59 +0000

A federal judge has thrown out the conspiracy charge against six defendants in a foreign bribery case and acquitted one businessman outright. The decision is a blow for the DOJ in the high-profile case, touted as the largest-ever prosecution of individuals under the Foreign Corrupt Practices Act.

DOJ: Countrywide Financial Settling Lending Bias Suit For $335M

admin — Thu, 22 Dec 2011 04:12:23 +0000

The U.S. Justice Department has announced that Bank of America will spend $335 million to resolve the largest-ever fair lending suit over allegations that Countrywide Financial systematically discriminated against qualified black and Hispanic borrowers, charging them higher fees and interest rates. The Justice Department also said Countrywide steered 10,000 homeowners into risky subprime loans despite their qualification for prime loans.

Kessler Topaz and Prickett Jones Win $300 Million Fee Award in Grupo Mexico Suit

Master — Tue, 20 Dec 2011 06:53:13 +0000

Kessler Topaz and Prickett Jones have won a 15 percent fee for their work on a shareholder derivative suit that resulted in a $1.9 billion judgment against Grupo Mexico.

Large Rothstein settlement appears to have fallen through

admin — Fri, 11 Nov 2011 08:23:32 +0000

One of the largest settlements drafted by the bankruptcy trustee for Scott Rothstein’s defunct law firm appears to have fallen through. Trustee Herbert Stettin filed court papers Wednesday terminating the settlement with feeder fund operator George Levin, valued at $10 million to $80 million.

Rothstein investor agrees to settle for $25 million

admin — Mon, 07 Nov 2011 20:39:50 +0000

Miami Beach financier Ira Sochet, the second largest investor in Scott Rothstein’s Ponzi scheme, has agreed to settle with the defunct Rothstein law firm’s bankruptcy trustee for $25 million. If approved in court, the agreement would be one of the largest settlements to date in the case.

Glaxo Agrees ‘in Principle’ to Record $3 Billion Settlement

Master — Fri, 04 Nov 2011 07:56:45 +0000

GlaxoSmithKline has announced a $3 billion agreement in principle to settle federal probes into its drug sales and marketing practices and alleged overbilling of Medicaid. If the deal is finalized, it would be the largest health care industry settlement ever secured by the Justice Department.

Big law school loan provider getting out of the business

admin — Sat, 22 Oct 2011 04:10:59 +0000

A change in federal student loan policy has forced Access Group, a nonprofit company that has been the largest single provider of loans to law students since 1983, to stop lending to new students and to shed most of its staff.

Kessler Topaz Wins Record $1.26 Billion Delaware Chancery Ruling in Grupo Mexico Shareholder Derivative Suit

admin — Tue, 18 Oct 2011 06:32:56 +0000

In what appears to be the largest shareholder derivative judgment ever by the Delaware Chancery Court, a judge on Friday ordered Grupo Mexico to pay $1.26 billion to Southern Copper Corp. in a suit over a $3.1 billion Latin American mining merger.

Fairfield Feeder Fund Liquidators Face Setbacks in Clawback Suits Against Banks

admin — Thu, 22 Sep 2011 07:18:34 +0000

Liquidators for the largest of the feeder funds that funneled investor money to Bernard Madoff’s Ponzi scheme have lost two key rulings in less than a week that may limit their multibillion-dollar clawback claims against banks whose customers invested in Madoff through the fund.

Greenberg Traurig Advises on Mestel’s Employee Stock Plan

admin — Wed, 14 Sep 2011 21:53:31 +0000

One of the largest U.S.

Contra Costa Jury Awards $11.7 Million in Traffic Death

Master — Sat, 10 Sep 2011 03:21:46 +0000

A jury has awarded $11.7 million to the family of a man who died on a badly maintained stretch of county road while trying to help an injured motorist. The lawyer for the victim’s family calls the award one of the largest wrongful death awards on record against that particular county.

Massive Cartel Case Against Private Equity Firms Gets More Momentum

Master — Sat, 10 Sep 2011 03:21:36 +0000

A sweeping antitrust case targeting some of the biggest names in private equity, as well as some of the largest leveraged buyouts of all time, gathered momentum last week with a federal district court judge’s decision to allow the plaintiffs to sue additional defendants.

Willkie, Skadden Advise on Bloomberg LP’s $990 Million Legal Research Buy

Master — Fri, 26 Aug 2011 07:45:56 +0000

As part of its push to expand its offerings through its ubiquitous — and highly profitable — namesake terminals, Bloomberg will buy The Bureau of National Affairs for $990 million in the largest acquisition in Bloomberg’s 30-year history.

Cleary, Wachtell Lead on Google’s $12.5 Billion Buy of Motorola Mobility

Master — Tue, 16 Aug 2011 06:06:31 +0000

Cleary Gottlieb lawyers helped guide Google toward completing the largest acquisition in the company’s history — the $12.5 billion acquisition of mobile-device maker Motorola Mobility Holdings — while Wachtell advised longtime client Motorola.

AIG Files $10.5 Billion MBS Suit Against Bank of America

admin — Tue, 09 Aug 2011 06:27:11 +0000

On Monday, American International Group filed what appears to be the largest lawsuit by an individual investor over mortgage-backed securities — a $10.5 billion suit against Bank of America Corp. — while simultaneously challenging BofA’s $8.5 billion MBS settlement.

Bankruptcy Files: Lehman, Hooters, School Buses, and Tankers

Master — Fri, 05 Aug 2011 05:46:09 +0000

Weil, Gotshal & Manges continues to make it rain in the largest bankruptcy case in U.S. history

Lawyer Pleads Guilty to $47 Million Ponzi Scheme

admin — Wed, 03 Aug 2011 21:54:28 +0000

An Arkansas lawyer and businessman admitted today to staging a Ponzi scheme that netted more than $47 million, a scam that a prosecutor called the largest case of fraud in state history. Kevin Lewis could face up to 30 years in prison.

Can British Firms Retain Their Upper Hand in Hong Kong?

admin — Wed, 27 Jul 2011 06:32:03 +0000

Fourteen years after Hong Kong formally reverted to Chinese rule, U.K. law firms rank among the largest in town, with several boasting more than 100 lawyers. But the growth of leading U.S.

UAE Bank Stole Trade Secrets, Orchestrated Arrest of InfoSpan Executive, Boies Schiller Claims in New Suit

admin — Sat, 23 Jul 2011 07:55:57 +0000

California technology outsourcing company InfoSpan has accused the largest bank in the United Arab Emirates of ripping off its technology, having an executive arrested under false pretenses in Dubai, and leaving him penniless and stripped of his U.S. passport after his release.

Wilmer Tries to Head Off $214 Million In Malpractice Payments

admin — Wed, 29 Jun 2011 08:08:23 +0000

Wilmer Cutler Pickering Hale and Dorr is facing the prospect of making $214 million in payments to one of its clients — an amount that would potentially put the case among the largest public settlements ever for legal malpractice, people in the field say.

AG, Cotchett Firm Team Up on $241M Whistleblower Settlement

Master — Fri, 20 May 2011 05:05:47 +0000

Quest Diagnostics will pay California and a qui tam plaintiff a combined $241 million to settle a suit charging the national laboratory with overbilling state medical patients, in the largest award ever under the state’s False Claims Act, according to the state AG.