Latest Business and Legal News

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Business

[03/17] Metro 2009 net income falls 7 percent

Intellectual Property

[03/10] Google to digitize old books from Rome, Florence

Insurance

[03/17] Catholic nuns urge passage of Obama's health bill

Environment

[03/17] Opposition to tuna ban grows at UN meeting

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Case Summaries

Intellectual Property

[03/11] Delaware Valley Floral Group, Inc. v. Shaw Rose Nets, LLC
In plaintiffs' suit seeking declaratory relief against the inventor and owner of a patent relating to a process that produces larger rose heads by placing elastic, porous nets over the rose heads during the growing process, district court's grant of summary judgment pursuant to the on-sale bar under section 102(b) is affirmed where: 1) defendant failed to raise a genuine issue of material fact surrounding the dates of conception or commercial sales; 2) defendant failed to dispute that the invention was ready for patenting; and 3) defendant failed to show that the district court erred in disregarding the evidence presented in its motion for reconsideration.

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Insurance Law

[03/17] Chandler v. State Farm Mut. Auto. Ins. Co.
In an action seeking car rental costs from an insurer arising out of an auto accident, dismissal of the complaint is affirmed where, under California law, an insurer is permitted to recoup a payout from a third-party tortfeasor's insurance company before the insured has sued the third-party tortfeasor, and without first making the insured whole.

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Environmental Law

[03/15] Communities for a Better Env't v. S. Coast Air Quality Mgmt. Dist.
In plaintiffs' suit against ConocoPhillips and the South Coast Air Quality Management District (District), for failing to prepare an EIR before approving a refinery project, judgment of the court of appeals is affirmed as neither the statute of limitations, nor principles of vested rights, nor the CEQA case law on which ConocoPhillips and the District rely, justified employing as an analytical baseline for a new project the maximum capacity allowed under prior equipment permits, rather than the physical conditions actually existing at the time of analysis. Therefore, the District abused its discretion in determining the project at issue would have no significant environmental effects compared to a baseline of maximum permitted capacity.

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Commercial Law

[03/15] Kim v. Carter's Inc.
In plaintiffs' suit against a children's clothing retailer for damages under Illinois contract and consumer protection law, claiming they were victims of deceptive pricing, dismissal of the complaint is affirmed where: 1) with respect to plaintiffs' breach of contract claim, defendant has fulfilled its obligations under the straightforward, everyday sales contract described in the complaint; and 2) plaintiffs' allegations fail to establish the actual damages element of their Illinois Consumer Fraud and Deceptive Business Practice Act (ICFA) claim.

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Practice Areas

Financial Fraud and Investor Litigation

Anthony P. Picadio heads the firm's Financial Fraud Unit, which represents institutional and individual investors and others in litigation seeking to recover financial losses and other damages arising out of fraudulent conduct, breach of fiduciary duty or misrepresentation on the part of sellers of securities, life insurance policies, real estate partnership interests, or other financial products. Other members of the group are Tybe A. Brett and Bruce M. Wolf. The firm's Financial Fraud Unit is currently, or has recently, represented purchasers of vanishing premium life insurance policies, real estate limited partnership units, film production limited partnership units and the common stock of companies in the telecommunications, energy, technical instruments, and technology industries. The Financial Fraud Unit has, on behalf of firm clients, initiated class actions and individual actions in state and federal court, and individual arbitration actions against brokerage firms before the NASD.

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