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A federal jury's finding of liability against a former biopharmaceutical executive is a precedent-setting case that expands the scope of insider trading laws to include trades made in anticipation of events affecting similar companies in the industry.

True False

The jury's verdict is significant as it is based on the novel legal theory of 'shadow trading,' which extends the boundaries of insider trading. This theory posits that an individual can be held liable for trading on confidential information about one company to make informed trades on another company in the same industry. This case could set a legal precedent, influencing future cases and potentially expanding the definition of insider trading within securities law. https://www.dailyjournal.com/articles/377950-jury-finds-former-biopharma-executive-liable-for-shadow-trading

The defense argued that the SEC case against the former biopharmaceutical executive for "shadow trading" was constructed without evidence of the executive's motives.

True False

The jury's decision to find the executive liable for "shadow trading" rejected the defense's claim that the SEC constructed the case without evidence of the executive's motives. This outcome highlights the importance for attorneys to consider the sufficiency of evidence when evaluating the merits of a regulatory enforcement action, especially in novel applications of insider trading laws.

Divergent rulings in separate California Invasion of Privacy Act lawsuits in Los Angeles County Superior Court create a binding legal precedent for future CIPA cases involving website visitor surveillance.

True False

The contradictory rulings by Judges Cherol J. Nellon and Stephen P. Pfahler do not establish a binding legal precedent due to the absence of appellate clarification. Nellon dismissed a demurrer filed by Choice Hotels, which was accused of illicitly surveilling online activity, while Pfahler sustained a similar demurrer by Hickory Farms. These rulings reflect differing interpretations of what constitutes a pen register under the 1967 CIPA and whether software that records a website visitor's device information falls under the Act's definition. https://www.dailyjournal.com/articles/377951-contradictory-cipa-rulings-leave-both-sides-saying-they-re-right

The Lead Counsel Summit initiative, launched by women attorneys to address the gender gap in patent litigation, includes training on aspects such as courtroom presence, attire, and interaction with peers, and aims to provide mentorship and networking opportunities for women in intellectual property law.

True False

The Lead Counsel Summit is an initiative started by women attorneys to tackle the gender disparity in patent and intellectual property litigation. It focuses on training women lawyers on various aspects of being a lead counsel, including presentation, attire, interaction with colleagues, and transitioning into the role. The summit also seeks to create a network of connections and role models for women in the field, supporting their professional growth and visibility in the industry. https://www.dailyjournal.com/articles/377957-women-attorneys-launch-initiative-to-close-gender-gap-in-patent-litigation

A proposed law to allow parties to disqualify justices of the Court of Appeal mandates that the disqualification request must be accompanied by a detailed explanation of the reasons for the disqualification.

True False

The bill in question, inspired by a long-running California Voting Rights Act case, requires parties to provide a specific reason when requesting the disqualification of a justice of the Court of Appeal. This provision ensures that the process is not used arbitrarily and is based on legitimate concerns. https://www.dailyjournal.com/articles/377973-lawmakers-forward-bill-to-allow-parties-to-disqualify-justices-of-court-of-appeal

Another proposed law would mandate a compulsory certification program for all neutrals administered by the California State Bar.

True False

SB 940 would create a voluntary certification program for neutrals, administered by the California State Bar, with specific requirements for qualification. The bill aims to provide a structured certification process for neutrals, which could impact independent neutrals by setting a recognized standard for qualification. https://www.dailyjournal.com/articles/377991-state-certification-would-mostly-impact-independent-neutrals

The accusations against attorney Tom Girardi regarding the manipulation of neutrals to conceal client theft were the direct inspiration for SB 940.

True False

SB 940, which proposes a voluntary certification program for neutrals, was indeed inspired by the accusations against attorney Tom Girardi. Sen. Tom Umberg introduced the bill after allegations surfaced that Girardi had co-opted neutrals to hide his theft from clients. This piece of legislation aims to provide a layer of oversight and standardization, which could be an important consideration for attorneys when evaluating the potential impact of the bill on the legal profession.

A lawsuit by actress Leah Remini claims that the Church of Scientology engaged in a campaign of harassment against her after she publicly exited and denounced the organization.

True False

Remini, a former member of the church, has claimed in her lawsuit that the Church of Scientology engaged in a campaign of harassment following her departure and public denouncement of the organization. https://www.dailyjournal.com/articles/377990-leah-remini-s-lawsuit-against-scientology-gets-4th-judge

O.J. Simpson died Wednesday. His 1994 murder trial prompted changes in California's trial procedures, particularly concerning attorney commentary, resulting in stricter jury service enforcement and enhanced juror follow-up.

True False

The O.J. Simpson trial resulted in changes to the rules around attorney commentary during trials in California. This has led to judges enforcing jury service more rigorously and following up with prospective jurors more thoroughly. https://www.dailyjournal.com/articles/378011-lawyers-reflect-on-the-way-oj-simpson-s-criminal-trial-changed-the-way-they-work

10.

Simpson's murder trial catalyzed legislative reforms in family law, notably in domestic violence and child custody cases, exemplified by the enactment of Family Code Section 3044.

True False

The O.J. Simpson case had far-reaching effects beyond the realm of criminal law, significantly impacting family law practices, especially in the context of domestic violence and child custody. The case led to a surge in restraining order requests and highlighted the unpreparedness of the court system to handle such cases. Legislative changes followed, including the enactment of Family Code Section 3044, which introduced a presumption against awarding custody to individuals with a history of domestic violence.

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© 2024 Daily Journal Corporation. All Rights Reserved.

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Verdicts Dealmakers On The Move Job listing Nominations Profiles Columns