In the News Today - January 27, 2014

January 27, 2014

Shareholders filed 238 federal securities lawsuits against American companies in 2013, the most since 2008. Additionally, federal courts approved settlements worth $6.5 billion in 2013, more than twice the total of the previous year, according to a study by NERA Economic Consulting. Wall Street Journal ($)

The Supreme Court is scheduled to take up six patent cases this term, covering fee shifting, patent eligibility, and indefiniteness. The Recorder

BP is asking an en banc panel of a federal appeals court to rehear a decision by a three-judge panel that upheld the gulf oil spill settlement, calling the panel’s ruling “an unprecedented decision by a divided panel of this Court.” National Law Journal ($)

General counsels are keeping more legal work in-house, according to the Winter 2014 General Counsel survey from the Consero Group. Corporate Counsel

ILR president Lisa Rickard is quoted in Law 360 about the FDA’s proposed rulemaking on generic drug labeling, warning that the change “could drive up the cost of generic drugs, perhaps by billions of dollars.”