MVA Litigation

The highly anticipated U.S. Supreme Court ruling in Halliburton Co. v. Erica P. John Fund, Inc., 573 U. S. ____ (2014) (June 23, 2014) left intact the fraud-on-the-market theory established by the Supreme Court in Basic Inc. v. Levinson, 485 U. S. 224 (1988), which is the bedrock upon which securities class actions have rested for nearly thirty years. However, the Halliburton decision provided defendant companies with an avenue for early escape from the impending pressures to settle meritless class litigation by securing their right to rebut the Basic presumption of classwide ...

The internal investigation is a critical tool for companies operating in the current environment of stringent regulatory oversight and government scrutiny. The attorney-client privilege and work product doctrine are sacred cornerstones upon which companies rely when engaging counsel to investigate whether wrongdoing has occurred and to devise the best strategies for addressing the outcome of any such investigation. Recent orders by the federal District Court for the District of Columbia in U.S. ex.rel Barko v. Halliburton Co. et al., Case No. 05-01276 (D.D.C. 2014)

The 2013 General Assembly convened its 2014 Regular Session on Wednesday, May 14, 2014 with the introduction of House Bill 1032 The Abusive Patent Assertions Act by primary sponsor Representative Tom Murry (Rep).  The Bill also is sponsored by Representatives Conrad, Lambeth, S. Martin, Pittman, Saine, and  Whitmire.  The Act recognizes that the assertion of bad‑faith patent infringement claims poses a threat to North Carolina companies via costly and time-consuming litigation that may impose pressure to settle meritless claims.  The practice also “undermine[s] North ...

In an April 25, 2014 article published in Bloomberg BNA’s Patent, Trademark & Copyright Journal, MVA Intellectual Property Member Mark Wilson examines the U.S. Supreme Court’s recent decision in Medtronic, Inc. v. Mirowski Family Ventures, LLC, 134 S.Ct. 843 (2014) in which the High Court reversed the U.S. Court of Appeals for the Federal Circuit and held that the burden of proof remains with the patentee even in declaratory judgment actions filed by licensees. You can read Wilson’s article here

Non-competition and confidentiality agreements can serve as invaluable tools to safeguard against the loss of confidential and proprietary information through current and former employees. However, recent state and federal cases serve as a critical reminder that these agreements may fail to protect companies if they are poorly crafted with arguably over broad restrictions or unsupported by sufficient consideration. We discuss two scenarios presented by AmeriGas Propane, LP v. Coffey, 2014 NCBC 4 (N.C. Super. Ct. 2014) and Flex Frac Logistics, L.L.C. v. NLRB, 198 ...

HOUSE JUDICIARY COMMITTEE HEARING ON DOJ OVERSIGHT: The House Judiciary Committee recently held a hearing regarding oversight of the U.S. Department of Justice during which Attorney General Eric Holder testified.  A webcast of the hearing and testimony can be found here. Posted by Tony Lathrop, Apr. 28 2014

On April 8, 2014, the U.S. House Committee on Energy & Commerce, Subcommittee on Commerce, Manufacturing, and Trade held a hearing “Trolling for a Solution: Ending Abusive Patent Demand Letters.”  The purpose of the hearing was to discuss ways to balance the need to curb the increasing abuse of patent demand letters by “bad actors” with protecting the legitimate interest that entities with patent holdings have in using demand letters “to engage other companies in lawful and productive discussions around their businesses.”  The hearing background memo explains that the ...

Over the last few years, securities class actions have given rise to several critical questions ripe for U.S. Supreme Court review, including whether the foundation of the fraud-on-the-market theory established more than twenty-five years ago remains viable. The Supreme Court’s February 2013 decision in Amgen Inc. v. Connecticut Retirement Plans and Trust Funds, 133 S. Ct. 1184 (2013) set the stage for one of the most interesting securities cases currently pending before the Court: Halliburton Co., et al. v. Erica P. John Fund S. Ct. No. 13-317. Amgen raised the issue of whether ...

HOUSE JUDICIARY COMMITTEE COPYRIGHT HEARING:  On April 2, 2014, the House Judiciary Committee’s Subcommittee on Courts, Intellectual Property, and the Internet held a hearing “Preservation and Reuse of Copyrighted Works.”  Witness testimony and a webcast of the hearing can be viewed here.  Posted by Tony Lathrop, Apr. 11, 2014.

HOUSE JUDICIARY COMMITTEE RECONSIDERS CHAPTER 11 BANKRUPTCY: Last week, the House Judiciary Committee's Subcommittee on Regulatory Reform, Commercial and Antitrust Law held its hearing to address Bankruptcy reform - Exploring Chapter 11 Reform: Corporate and Financial Institution Insolvencies; Treatment of Derivatives.  The witness list and testimony are available here.  Posted by Tony Lathrop, Apr. 4, 2014.