Some ideas are bad. Others are simply terrible. A group of Congressional lawmakers has found a way to put military personnel at risk and undermine regulatory standards for approving medicines – all at once. "Essentially, it looks like this [Legislation] would [allow] non-voluntary experimentation Continue Reading
Why More M&A Deals Are Being Canceled Before They Close
Increased complexity in the dealmaking process and more intense regulatory scrutiny have led to a spike in the proportion of deals that end up falling apart, and legal advisers who can come up with novel solutions for these issues are in demand from companies that want their mergers to Continue Reading
Could A Noncompete Keep You from Getting Work?
If you are in the market for a new job or freelance gig, don’t be surprised if you’re asked to sign a noncompete agreement as a condition of employment. Problem is, a noncompete could hamper your ability to earn a decent living down the road. When You’re Asked to Sign A NoncompetePrepare to Continue Reading
Former Investment Partner Awarded Millions for Breach of Contract
A Stamford Superior Court jury has awarded the former treasurer of an investment advisory firm $4.15 million plus interest and fees for not meeting a contractual obligation to buy him out after he gave notice he was leaving the firm. "He was entitled to have his equity interest," said Rechen, a Continue Reading
Sprint, T-Mobile Show Hurdles To Merging Industry Leaders
The decision by Sprint and T-Mobile to call off merger talks for the second time in roughly three years highlights how difficult it can be to negotiate a successful tie-up involving industry leaders, especially in a sector that is highly regulated like telecom. Sprint Corp. and T-Mobile US Inc., Continue Reading
NJ Drink-Price Ruling Stresses Proof of Consumer Harm
McCarter partner Edward Fanning, who represents amicus curiae the New Jersey Business & Industry Association, noted that upholding the ascertainable loss standard suggests the court had the public policy of the relevant statute (the Truth-in-Consumer Contract, Warranty and Notice Act, or TCCWNA) Continue Reading
Weinstein Board Likely Under Microscope in Any Deal
The Weinstein Co. is considering a go-private sale as it seeks to rehabilitate its image in the wake of a series of sexual assault and harassment accusations against now-fired Harvey Weinstein, but the company faces an uphill battle in conducting proper due diligence and determining if anyone on the Continue Reading
Incyte’s Claims That Bristol Myers-Squibb Ido Medication Was Stolen by Ex-Staffer Set for Trial Hearing
Incyte and Bristol-Myers Squibb/Flexus are set to go to war in the courts over claims that a former scientist stole information around an oncology medication at the heart of the Big Pharma’s next big venture into cancer. Continue Reading
Suit to Enforce Florida Judgment Allowed in Massachusetts
Florida resident who obtained a judgment against a Florida defendant in a court in that state could sue the defendant in Massachusetts to “reach and apply” its sole asset, a debt owed the defendant by a Massachusetts company, a Superior Court judge has ruled in a case of first impression. “I Continue Reading
Attorneys for Former Wilmington Trust Execs Criticize Deal with Bank
Attorneys for two former Wilmington Trust executives facing criminal fraud allegations on Wednesday criticized the bank's recent settlement with U.S. attorneys – a deal that traded the bank's felony charges for a civil penalty and an agreement to cooperate during a forthcoming trial against its own Continue Reading