In-House articles

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Litigation Said to Create Surprise Windfall For Deutsche Bank

Litigation Said to Create Surprise Windfall For Deutsche Bank

By Eyk Henning and Steven Arons, Bloomberg News Deutsche Bank AG’s legal issues haven’t all been one-way traffic. The German lender, which has posted two consecutive annual losses amid rising misconduct fines, booked a surprise windfall of more than 100 million euros ($117 million) in the first half related to an out-of-court settlement with a former

Photo by Peter Foley (Bloomberg)

SEC Drops Claims Against Ex-JPM Traders in London Whale Case

By Jef Feeley, Bloomberg News The U.S. Securities and Exchange Commission dropped claims against two former JPMorgan Chase & Co. traders accused of hiding more than $6.2 billion in trading losses as part of the “London Whale’’ case. Securities regulators agreed to dismiss their case against traders Javier Martin-Artajo and Julien Grout after federal prosecutors dropped criminal charges against

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Round Up: General Counsel Moves

Big moves happened this week in the world of general counsel. FedEx chose a new GC. So did Caterpillar, the construction equipment manufacturer. Disney’s highly-compensated ($11.1 million a year) GC will stay on for two more years and two medical companies appointed top legal officers. Here are some of this this week’s highlights:   • On

Walt Disney Co. signage is projected during the D23 Expo 2017 in Anaheim, California, U.S., on Saturday, July 15, 2017. Photographer: Patrick T. Fallon/Bloomberg

Wake Up Call: Disney Locks Down Extended Deal with GC

• Don’t expect the general counsel of Disney to leave the company anytime soon. At least not by the signs of his company’s SEC filings. Alan Braverman just got his contract with Disney extended through July 2019, according to the SEC filings reported by The Hollywood Reporter. Braverman was on the Big Law Business list

Heather Bresch, chief executive officer of Mylan NV, speaks during a House Oversight and Government Reform Committee hearing in Washington, D.C., U.S., on Wednesday, Sept. 21, 2016. Photographer: Andrew Harrer/Bloomberg

Mylan Wraps Up $465 Million U.S. Accord Over EpiPen Rebates 

By David McLaughlin and Jared S. Hopkins, Bloomberg News Mylan NV and the U.S. Justice Department finalized a $465 million settlement to resolve claims that the drugmaker defrauded taxpayers by misclassifying its allergy-shot EpiPen product as a generic drug. The settlement, announced by the Justice Department Thursday, resolves claims that Mylan was able to improperly

Judge Shira Scheindlin on the Big Law Business Podcast

Judge Scheindlin on ‘Gender Disparity’ and Imbalance in Big Law (Podcast)

  Women represent private parties in civil litigation just 18.5% of the time in New York according to a New York State Bar Association report released earlier this month. Judge Shira Scheindlin backed up those findings during a recent podcast recording: “what I witnessed in the courtroom was a great gender disparity in privately retained

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GM Is Accused of Derailing $1 Billion Accord With Plaintiffs 

By Erik Larson, Bloomberg News  General Motors Co. was accused of secretly plotting to derail a $15 million settlement between the company’s bankruptcy trust and thousands of plaintiffs that would have forced it to contribute $1 billion in stock. In a letter filed Thursday in U.S. Bankruptcy Court in Manhattan, lawyers for the plaintiffs said

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Pedestrians walk past the Uber Technologies Inc. headquarters building in San Francisco, California. Photographer: David Paul Morris/Bloomberg

Waymo Jury May Be Warned Uber Lawyers Didn’t ‘Come Clean’ 

By Joel Rosenblatt, Bloomberg News Uber Technologies Inc. may pay a price for withholding key evidence from Waymo when their trade secrets dispute goes to trial — the judge proposed letting the jury know the ride-hailing company’s lawyers didn’t “come clean.” “I’m inclined to let the jury know what happened here,” U.S. District Judge William

FedEx Corp. signage is displayed on a store window in Caracas, Venezuela, on Wednesday, June 21, 2017. Photographer: Carlos Becerra/Bloomberg

FedEx Promotes Longtime In-House Lawyer to Top Post

Mark R. Allen knows FedEx well. He started working there two years after earning his law degree from Memphis State University in 1980. Today, FedEx announced he will be taking the highest legal position in the company as executive vice president, general counsel and secretary on Oct. 1, 2017. The global shipping giant posted $60 billion in

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