Litigation/Liability Trends
Lawsuit Against Silicon Valley Hiring Practices Gets Class-Action Status
A U.S. judge accorded class-action status to a lawsuit that alleges broad conspiracy among major Silicon Valley companies to suppress employee compensation by not poaching each other's employees, a ...
Aiming To Avoid Facebook Chaos, NYSE Runs Twitter IPO Test
The New York Stock Exchange on Saturday did a test run of Twitter's highly anticipated market debut, as it seeks to avoid the types of problems that plagued Facebook's initial public offering on ...
Patton Boggs in Merger Talks, Possibly with Locke Lord: Sources
Washington law firm Patton Boggs, well known for its lobbying and public policy work, is in talks to merge with a larger U.S. law firm, according to two former partners and a person with inside ...
Jury Finds Toyota Liable in First Unintended Acceleration Crash Trial
Toyota Motor Corp. has been found liable in an unintended acceleration lawsuit in the U.S., one of the first such cases to go to trial since the Japanese carmaker began recalling millions of vehicles ...
Delaware Business Court’s Private Arbitration Ruled Unconstitutional by U.S. Court
Delaware's legal industry suffered a blow when a federal court found on Wednesday the state violated the U.S. Constitution with its novel system of allowing judges to arbitrate private business ...
SEC Relying on Firms Strengthening Internal Compliance Programs
The U.S. Securities and Exchange Commission is calling on corporate executives and boards to strengthen internal compliance programs as funding constraints limit the agency's reach, SEC Chairman Mary ...
Court: Goldman Must Pay Legal Costs for Programmer ‘Officer’ with VP Title
Goldman Sachs Group Inc. must pay some legal fees incurred by a former computer programmer accused of stealing code from the bank because his title of vice president made him a bank officer at the ...
Supreme Court Denies Privacy Claim, Allows Commercial Resale of Driver Records
The U.S. Supreme Court on Monday declined to consider whether a unit of Thomson Reuters Corp. can obtain and sell information on drivers provided by state agencies without violating a federal privacy ...