Court battles over the fizzled opening could run for years, as the social networking company, the banks that took it public and Nasdaq all face claims that they short-changed investors.
COPYRIGHT – Nat’l Photo Group LLC v. Rev New Media Inc.
COMPLAINT – National Photo is in the business of photographing celebrities, and claims that New Media regularly uses National’s copyrighted photos on its website. National seeks $150,000 per infringement as per 17 U.S.C. 504(c). (C.D. Cal.)
REMITTITUR – Delegat’s Wine Estate Ltd. v. American Wine Distrib. Inc.
ORDER – The jury’s award of $30,000 in punitive damages against defendant was excessive, considering that there was very little evidence presented regarding defendant’s financial condition. Defendant’s motion for a new trial is denied, on condition that plaintiff accepts a remittitur placing punitive damages at $1.00. (N.D. Cal.)
SENTENCING - U.S. v. Harris
OPINION - The judge who presided at trial should sentence the defendant; only that judge has had the opportunity to observe every aspect of the trial and to take into account in sentencing what has been observed. (9th Cir.)
After a botched trading debut and charges of selective pre-market disclosures, a breakdown of the laws and rules that could play a role in the outcome of this increasingly tangled affair.
The Dewey & LeBoeuf exodus continues; Dechert opens Chicago office.
Claims against Nasdaq over Facebook's botched IPO are likely to exceed $100 million, as traders continue to deal with thousands of problems with customer orders.
The latest verdict effectively puts an indefinite hold on Oracle's quest for approximately $1 billion in damages.
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All quiet on the IPO front? Facebook flop bolsters need for ‘quiet period’ reform
West's May 25 California Newsletter
Can the vagaries of UDAAP overshadow the relative definiteness of TILA’s ‘ability-to-repay’ requirements?
This interactive graphic from Reuters and Westlaw provides summaries of each case before the Court, information about the lawyers and other key players, and links to legal briefs and headlines.
While their ancestral back stories don’t necessarily shed light on whether the justices will uphold Arizona’s tough immigration law, the members’ roots are clearly a point of pride. Here’s how the justices came to America.
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