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New York Congressman Indicted on Insider Trading Charges
August 16th, 2018
New York Congressman Christopher Collins (“Collins”) was recently arrested and charged with insider trading. The indictment alleges that Collins, who served on the Board of Directors of Innate Immunotherapeutics Limited (the “Company”), illegally tipped off his son, Cameron, about the failed results of the Company’s drug trial. Immediately thereafter, Cameron allegedly sold 1.4...
A Supreme Court Decision and Executive Order Change the Hiring Process For the SEC’s Administrative Law Judges
August 1st, 2018
On June 21, 2018, in its ruling in Lucia v. Securities and Exchange Commission, No. 17-130, the United States Supreme Court held in a vote of 7-2 that the Securities and Exchange Commission’s (“SEC”) bureaucratic hiring process for its administrative law judges (“ALJ”) violates the U.S. Constitution’s Appointments Clause. Justice Kagan, who authored the opinion, explained that...
Massachusetts Federal Court Approves Over $70 Million in Pay-For-Delay Settlements
August 1st, 2018
On July 18, 2018, U.S. District Judge Denise J. Casper granted final approval to two settlements between a class of direct purchasers and drugmakers Impax Laboratories Inc. and Medicis Pharmaceutical Corp. to end the pay-for-delay action involving the acne medication Solodyn. Combined with the other settlements in the case, it amounts to more than $70 million. In giving her preliminary...
Closing Time for California Employers Who Short Workers’ Wages at the End of Shifts
July 27th, 2018
On July 26, 2018, the California Supreme Court ruled that Starbucks cannot rely on the de minimis doctrine to combat its ex-employee’s claims for unpaid wages when closing the coffee shop at the end of the day. The ruling is a significant win for hourly workers as it ensures that Golden State employers cannot duck liability when failing to pay workers’ wages for only a few minutes of...
Minnesota Federal Court Ices NHL Players’ Concussion Litigation
July 16th, 2018
On July 13, 2018, the United States District Court for the District of Minnesota declined to certify a class of retired National Hockey League (“NHL”) players seeking long term medical monitoring costs from the NHL for concussion injuries they sustained while playing for the NHL. The NHL players’ cause of action alleged that the players sustained serious concussive injuries as a result...
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