Vault Guide to the Top 100 Law Firms, 2018 Edition.pdf

In the news ongoing good morning america williams

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IN THE NEWS Ongoing Good Morning America Williams & Connolly represents Disney subsidiary American Broadcasting Companies, Inc. and one of its journalists in a high-visibility defamation case involving “World News Tonight with Diane Sawyer” and “Good Morning America.” The plain- tiffs have asserted claims of libel and product disparagement arising out of news reports, and seek $5.7 billion in damages. Jury selection began in late May in South Dakota state court. Trial is expected to last through August 2017. Bond Brawl Williams & Connolly inherited this matter in 2015 after Jesse Litvak, a bond trader with Jefferies & Co., was convicted on all 15 counts of securities fraud and other offenses that he faced. It was the only criminal case brought against an individual in connection with TARP. Following Williams & Connolly’s suc- cessful appeal of his conviction, Mr. Litvak retained the firm to represent him in his retrial on 10 securities fraud charges. In January 2017, a Connecticut federal jury acquitted Mr. Litvak of nine of the 10 counts. Williams & Connolly is handling the appeal of his lone conviction. May 2017 Debt Decision In a closely watched case, the United States Supreme Court concluded by a 5-3 vote that the filing in bankruptcy proceed- ings of a proof of claim that is time-barred “is not a false, deceptive, misleading, unfair, or unconscionable debt collec- tion practice within the meaning of the Fair Debt Collection Practices Act.” As a result of the Court’s decision, debt col- lectors such as Midland Funding that pursue older debts in bankruptcy proceedings do not run the risk of civil liability under the Fair Debt Collection Practices Act. The decision overturned a previous Eleventh Circuit decision that held debt collectors liable. December 2016 Insurance Win After more than six years of litigation, Williams & Connolly obtained a complete defense verdict for client Coventry First, the founder and leading participant in the secondary life insurance market, in a bench trial before Judge Rakoff. The plaintiffs, two Irish special purpose vehicles, sought over $600 million in damages at trial for alleged breach of contract. In December 2016, the Second Circuit unanimously affirmed Judge Rakoff’s decision in Coventry First’s favor.
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217 Vault Guide to the Top 100 Law Firms, 2018 Edition WILLIAMS & CONNOLLY LLP November 2016 Big Win for Big Pharma Williams & Connolly obtained a complete defense verdict for AstraZeneca in what Bloomberg called a “landmark” class action antitrust litigation. Plaintiffs sought $60 billion in damages for an alleged antitrust conspiracy in the settlement of patent litigation concerning the blockbuster drug Nexium. In November 2016, the First Circuit affirmed the decision in AstraZeneca’s favor.
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