PIMCO co-founder Bill Gross has accepted an $81 million settlement after a dispute with the firm from which he was ousted in 2014. His lawsuit against PIMCO, which had assets under management of $1.5 trillion at the end of 2016, appears to have ended amicably, and the firm has promised to open a Founders Room at its office to honor Gross and other founders.
The European Commission gave the go-ahead to the $130 billion merger of Dow Chemical and DuPont after the companies agreed to asset sales aimed at preventing the tie-up from reducing price competition in Europe. The deal must also win regulatory approval in the US, Australia, Brazil, Canada and China.
Growing skepticism over economic growth has sparked an increase in purchases of the relatively safe haven of US government bonds. After the administration's health care bill failed, yield on the benchmark 10-year Treasury note dropped to 2.373% Monday, which denotes a rise in bond prices.
The Financial Industry Regulatory Authority and some exchanges have filed charges against Lek Securities and its CEO, Samuel Lek, saying they helped a client with an alleged market manipulation involving high-frequency trades. The client is said to have engaged in layering, in which multiple orders were placed in various venues, then canceled, to distort and inflate the true value of the trade.
A study from the Pew Research Center finds 69% of Americans think men should have paid paternity leave, while 82% think women should have paid maternity leave. The survey also says most people think employers should pay for this benefit.
The Supreme Court on Monday considered whether to limit the venues where patent cases may be filed, with Justice Elena Kagan noting the court's 1957 decision that such lawsuits may be brought in the jurisdiction where the defendant was incorporated. The case currently in question involves a lawsuit that Kraft Foods Group Brands brought in Delaware -- a venue where many patent cases are filed -- against an Indiana-based company.
The US Supreme Court has agreed to hear an appeal brought by a group of pension funds that sued a company accused of not disclosing an overbilling scheme and kickbacks involving former employees. The appeal was filed by Leidos, previously known as SAIC, which said appeals courts have made conflicting rulings on the law that applies to the case.
The Trump administration's updated travel ban is supported in an amicus brief that a dozen state attorneys general and one governor have filed with the US Court of Appeals for the 4th Circuit. The brief says the executive order is not unconstitutional and is not a "pretext for religious discrimination."
Research suggests that people who obtain power tend to act much as they have before, only now in a less inhibited way, writes Matthew Hutson. The feeling of power makes people act more quickly and potentially care less for the opinions of others, though it can also lead to more ethical and noble leadership.
Take advantage of your emotions when making a decision, John Baldoni says in this video and blog post. Try writing down the possible decisions on small pieces of paper, selecting one from a bowl and measuring your reaction, knowing that you can always go another direction.
During his presidential campaign, Donald Trump promised to take strong measures to protect American companies and workers, and in the short time he has been in office he has engaged in a flurry of activity to try to fulfill this promise. From its stance on international trade agreements to its approach towards deregulation, the Trump administration seems poised to stimulate changes in the operating environment for companies in the near future. Attend PLI's April 5 One-Hour Briefing Corporate Compliance in a Trump World to learn more.
The Ultimate Practice Value to All Subgroups in the Patent Law Community
How do the Federal Trade Commission and others view the current state of patent-assertion entities? What critical issues keep corporate counsel up at night? Attend PLI's 11th Annual Patent Law Institute, being offered April 6 to 7 in New York City and April 27 to 28 in San Francisco and via live webcast. Don't miss this unique opportunity to sharpen your practice skills and share ideas.