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U.S. court rules against Bayer's Yasmin patent
Law Firm News |
2008/03/03 19:20
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| A U.S. district court ruled against the validity of Bayer Schering Pharma's patent for its contraceptive drug Yasmin, the German drug company said late on Monday.span id=midArticle_byline/spanspan id=midArticle_0/spanpThis was the result of a patent challenge by generic manufacturer Barr Laboratories, Bayer said in a statement./pspan id=midArticle_1/spanpBayer disagrees with the court's decision and will consider its legal options in this regard, the company added./pspan id=midArticle_2/spanpBayer Schering's contraceptive drug Yasmin has annual sales of more than one billion euros. Sales of Yasmin in the United States came in at 321 million euros ($486.9 million) last year, it said./p |
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Court Leaves Diabetes Drug Case Intact
Court News |
2008/03/03 19:19
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| A divided Supreme Court is leaving intact a ruling favoring people who sued a pharmaceutical company, saying they had been harmed by a drug to combat diabetes.pThe dispute stems from several suits against Warner-Lambert over its diabetes drug Rezulin. Warner-Lambert is now owned by Pfizer. The Supreme Court split 4-4 in the case, with Chief Justice John Roberts not participating./ppThe users of the drug are relying on a Michigan law to allege that the pharmaceutical company engaged in fraud by misleading federal regulators to get the drug approved. The Michigan law shields pharmaceutical companies from product liability lawsuits, unless they committed fraud./ppAt issue in the case is whether that fraud exception, which allows lawsuits to proceed, is pre-empted by federal regulation of the pharmaceutical industry./ppThe 2nd U.S. Circuit Court of Appeals in New York ruled that the exception to the Michigan law was not pre-empted by federal regulations, enabling the plaintiffs to pursue the case./ppTwenty-seven Michigan residents say they suffered personal injuries caused by Rezulin, a drug that federal regulators approved despite risks to the liver and cardiovascular system./p |
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Campton Hills pays $124,000 to lawyers
Legal News |
2008/03/03 12:42
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| p class=NewsCampton Hills leaders are attempting to catch up on the village's mounting legal bills. /pp class=NewsVillage board members Tuesday voted 4 to 0 to pay Chicago-area legal firm Arnstein amp; Lehr LLP nearly $124,000 for services dating from July to November. Trustees Bern Bertsche and Al Lenkaitis were absent. /pp class=NewsWhile there is currently enough money in municipal coffers to square up the latest bill, Village Treasurer Kathy Catalano said officials might soon need to dig into contingency funds earmarked for budget overruns. /pp class=NewsLegal expenses are expected to only mount as the village wages ongoing legal battles with several groups of property owners who are trying to detach their land from the new municipality. /pp class=NewsThe latest bill is in addition to a roughly $50,000 tab the village paid off around the beginning of the year. /pp class=NewsI'd prefer it wasn't that much, Village President Patsy Smith said Tuesday. But that's the cost of starting a new village when you're being challenged legally. /pp class=NewsVillage Attorney Bill Braithwaite has said his firm attempted to help the village by delaying invoices until the municipality, which incorporated after a referendum last April, began receiving state-shared revenue. /pp class=NewsCatalano said while there have been some invoices lagging because of this, the money is finally arriving. /pp class=NewsWe've got the ability to pay these bills, she said./pp class=NewsNo one at Tuesday's meeting addressed when to expect legal bills from November through today or how much they will be. /p!--div div class= style=a target=new href=/story/print/?id=147329img src=/images/site/story_print_btn.gif alt=print story title=Print this story width=55 height=20 //a/div div class= style=img id=emailButton src=/images/site/story_email_btn2.gif alt=email story title=E-mail this story width=93 height=20 //div div class= style=a id=contactButton href=#Contact writer/a/div div style=clear:both;/div /div--!-- Commenting header here -- |
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Helms Mulliss Wicker merging into Virginia law firm
Law Firm Press |
2008/03/03 12:35
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| pa href=http://www.bizjournals.com/triangle/related_content.html?topic=McGuireWoods%20LLPstrongfont color=#000000McGuireWoods LLP/font/strong/a and a href=http://www.bizjournals.com/triangle/related_content.html?topic=Helms%20Mulliss%20%26%20Wicker%20PLLCstrongfont color=#000000Helms Mulliss amp; Wicker PLLC/font/strong/a are joining forces in a merger that will create a law firm with nearly 900 lawyers and offices in 17 locations. /ppThe combined firm will be known as McGuireWoods LLP. The merger will be effective at the close of business on March 31, 2008. /ppMcGuireWoods currently has 750 lawyers at 15 locations worldwide, including 40 in Charlotte. Helms Mulliss, established in Charlotte in 1922, has 145 lawyers, including 120 in Charlotte and 25 in offices in Raleigh and Wilmington. /ppTriangle Business Journal reported in January that Charlotte-based Helms Mulliss amp; Wicker was in merger talks with Richmond, Va.-based McGuireWoods. Firms with a strong Charlotte presence often are courted by out-of-state firms interested in the city's high-powered financial sector. /ppBoth firms do business with a href=http://www.bizjournals.com/triangle/related_content.html?topic=Wachoviastrongfont color=#000000Wachovia/font/strong/a and a href=http://www.bizjournals.com/triangle/related_content.html?topic=Bank%20of%20Americastrongfont color=#000000Bank of America/font/strong/a. But Richard Cullen, chairman of McGuireWoods, says that the merger was driven by more than just obtaining additional banking business. /ppIt would be wrong to assume we're doing this merger because of any one city in North Carolina or any one client, says Cullen. We're very eager to be in Raleigh. We're planning on growing that office. /ppCullen declined to go into specifics about how many people might be added over the coming years in the Raleigh office, which currently has 20 lawyers. /ppAfter the merger, Peter Covington, the chairman and managing member of Helms Mulliss, will become vice chairman of McGuireWoods, a newly created position. /p |
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