Novo Nordisk is urging a North Carolina federal court not to dismiss its order permitting the Danish drugmaker to seek information bolstering its $800 million fraud claims stemming from a hypertension drug deal, saying the testimony is needed to preserve assets as it pursues arbitration of its claims.
Posted: May 20, 2025, 10:03 pm
Oil and gas producer W&T Energy VI LLC told a Texas federal judge that Anardako Petroleum Corp.'s bid to escape claims over damages to a jointly operated offshore well suggests it thinks it can breach their agreement and "commit fraud with impunity."
Posted: May 20, 2025, 8:37 pm
A Florida federal judge should reject a Miami-based business owner's attempt to pause Panama's suit seeking to enforce a nearly $5 million arbitral award over construction agreements, the country has argued in a court brief opposing his motion to stay the proceedings.
Posted: May 20, 2025, 8:28 pm
China is pushing back against Canada's efforts to expedite its case against Beijing's new agricultural tariffs, according to a World Trade Organization document circulated Tuesday, rejecting claims that the case must be handled urgently simply because it involves food products.
Posted: May 20, 2025, 5:03 pm
A Hong Kong company claiming that its interest in a $1 billion port project near the Panama Canal is being stolen by an investment firm and related entities has urged the Third Circuit not to send the dispute to a "sham" arbitration proposed by the investor.
Posted: May 19, 2025, 9:19 pm
A group of claimants suing Binance for allegedly abetting terrorist attacks have won permission to serve the cryptocurrency exchange's former CEO through his domestic counsel, after a New York federal judge found Friday that the plaintiffs had tried, unsuccessfully, to find his address in the United Arab Emirates.
Posted: May 19, 2025, 8:51 pm
British gold miner Panthera Resources PLC said Monday that its Australian subsidiary is now seeking more than $1.5 billion in damages from India in an investment treaty claim over a rejected mining project.
Posted: May 19, 2025, 8:01 pm
Crypto exchange Binance has urged a New York federal judge to require arbitration for all plaintiffs in a proposed class action accusing the crypto exchange of improperly selling securities, saying its terms of use include a class action waiver.
Posted: May 19, 2025, 6:43 pm
Famed rapper Curtis '50 Cent' Jackson's liquor company asked a Connecticut bankruptcy court to let the business enforce its lien on its former brand manager Mitchell Green's $1 million home in Westport to help satisfy a $7 million fraud judgment, arguing that the lien will not disrupt Green's Chapter 7 proceedings.
Posted: May 19, 2025, 5:27 pm
The Minnesota federal judge overseeing a major pork price-fixing case shouldn't have to recuse himself just because one of his clerks worked at plaintiffs-side firms, pork purchaser plaintiffs say, calling the defendants' request a cynical ploy that comes on the eve of trial.
Posted: May 19, 2025, 4:48 pm
Investors in an Indian satellite communications company have been granted permission to challenge a ruling allowing India's sovereign immunity defense in English litigation to enforce a $217 million arbitral award, after a judge in London ruled Friday that the immunity issue raises broader questions.
Posted: May 16, 2025, 10:32 pm
Eurofinsa SA has asked a D.C. federal court for permission to begin seizing the Gabonese Republic's assets as the Spanish company that specializes in global infrastructure projects looks to enforce a nearly $18 million arbitral award against the African country.
Posted: May 16, 2025, 10:11 pm
The government of Laos, as it attempts to enforce some $5 million in arbitral awards related to a failed casino venture, still has not proven that the case should be decided in U.S. federal court in the Northern Mariana Islands, one of the companies owing the money said Friday.
Posted: May 16, 2025, 10:04 pm
A Brooklyn federal judge ordered three former Credit Suisse bankers and the former finance minister of Mozambique to pay a combined $352 million in restitution Friday after they pled guilty or were convicted of scheming to defraud investors in a $2 billion state-backed development initiativeĀ involving tuna fishing.
Posted: May 16, 2025, 9:20 pm
A Tokio Marine unit must pay over 5.4 million Canadian dollars ($3.8 million) for class counsel fees that Honda Canada Inc. incurred in underlying class actions over airbag deficiencies, but is off the hook for CA$2.9 million in settlement administration costs, a Canadian court affirmed.
Posted: May 16, 2025, 5:36 pm
The American Arbitration Association monopolizes the market for consumer arbitration and is "an unfair forum where consumers lose" to corporate defendants, according to a proposed consumer class action filed in Arizona federal court.
Posted: May 16, 2025, 4:44 pm
Prosecutors asked a Manhattan federal judge for leniency when sentencing a former Goldman Sachs partner who cooperated in the investigation into the 1MDB scandal and testified at his former colleague's trial, citing his "extraordinary" assistance.
Posted: May 16, 2025, 12:56 pm
A recently decided case in Virginia federal court highlighted some of the pitfalls surrounding expert testimony on foreign law, but certain strategies are available to counsel to circumvent these dilemmas, say attorneys at Arnold & Porter.
Posted: May 16, 2025, 12:25 pm
A recent settlement of claims against law firm Eckert Seamans for allegedly abetting a Ponzi scheme underscores the continuing threat of clients who seek to exploit their lawyers in perpetrating fraud, and the critical importance of preemptive measures to avoid these clients, say attorneys at Lockton Companies.
Posted: May 16, 2025, 11:22 am
Clifford Chance LLP has boosted its international arbitration practice by hiring a lawyer from Pinsent Masons LLP, saying she has broad experience in matters involving Spain and has been appointed to serve as a partner on the global law firm's litigation and dispute resolution team.
Posted: May 15, 2025, 10:26 pm