Consumers too far down distribution chain to press price fixing class action vs steelmakers, says judge
A group of steel makers, led by Chicago-based ArcelorMittal USA, have beaten down a class-action antitrust lawsuit filed by more than a dozen consumers, who alleged the companies schemed to raise prices for goods made with steel, by pointing out the consumers were too far down the distribution line from the steel manufacturers to claim losses.
Supreme Court ruling throws Apple's $400M patent win into question, could impact other design patent litigation
In a unanimous decision last month, the U.S. Supreme Court took away Apple’s $400 million win in a lawsuit against Samsung, calling on the lower courts to reassess the damage award for violating a smartphone design patent.And this decision could have broader implications for other cases involving design patents for phones and other products, said a Chicago intellectual property attorney.
Jail time for Maine egg distributors should prompt caution, diligence from other food execs, attorney says
Food company executives should be on notice that a new federal emphasis on cracking down on food safety violations could land them in jail, should their company be found liable for food-borne disease outbreaks, after a federal appeals court upheld jail sentences for two corporate officers found responsible for failing to prevent the distribution of eggs contaminated with salmonella that affected 56,000 people.
Appeals panel: Debt collector needed to bring malpractice claim vs lawyer who aided former business partners at first suspicion of harm
A state appeals panel has found a businessman involved in a dispute with business partners over the fate of an Evanston debt collection company didn’t move fast enough to bring a legal malpractice claim against Chicago law firm Katten Muchin Rosenman for allegedly helping those partners freeze him out of the company’s management and then working to torpedo the venture by forming a new company specifically to compete against the first venture.
Shareholder says Vasco management should pay for shares crash following news of product sales to Iran
The directors and executive of an Oakbrook Terrace-based provider of digital financial security products has been hit with a lawsuit brought by a shareholder who has claimed the company’s management should be made to pay for allegedly concealing from investors – or at least not properly moving to address – the possibility an international distributor sold the company’s products to buyers in Iran while economic sanctions forbidding such sales were in place.
Appeals court upholds dismissal of $14 million legal malpractice case vs Katten Muchin by heir of Harold Price
An appellate court has upheld a lower court’s ruling against the granddaughter of business luminary Harold C. Price, rejecting the woman's suit against her attorney and the Katten Muchin Rosenman law firm for legal malpractice based on claims his legal advice caused her to lose $14 million of an $18 million inheritance.
Texas businessman's malpractice claim dismissed vs Katten Muchin firm, partner, over handling of fraud suit
A lawsuit brought by a one-time client, who acted as his own attorney, against the Katten Muchin law firm, of Chicago, was dismissed after the man, after filing the lawsuit, opted not to continue to press the case in which he claimed the firm had misled him about their legal skills, torpedoing a fraud lawsuit.
A federal judge has refused to rule Wells Fargo did not engage in lending practices blamed for allegedly exacerbating a plague of home mortgage foreclosures among minority homebuyers. But the judge still has tossed a lawsuit brought against the lender by Cook County over the bank’s alleged predatory lending practices.
Widow of CME futures trading pioneer Barry Lind alleges Katten lawyers helped conceal affairs, estate changes to deny her inheritance
HartzThe widow of Barry Lind, a trader and financier who made millions on the Chicago Mercantile Exchange and held a leading role in transforming the CME into its current form, has sued the couple’s longtime lawyers, Michael O. Hartz and the firm of Katten Muchin Rosenman LLP, alleging they helped her husband hide multiple affairs and order his estate to benefit the other women and greatly reduce his