U.S. Court of Appeals affirms jury verdict and judgment in favor of ITyX Solutions

On February 27, 2020, Morse litigator Scott Magee won an appeal in the U.S. Court of Appeals for the First Circuit on behalf of client ITyX Solutions AG. The Court of Appeals affirmed a jury verdict and $9.2 million judgment in favor of ITyX in a 28-page opinion. ITyX Solutions created and sells intelligent document recognition software. …

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7th Circuit Rejects Fee Only Settlement

Ruling that the value of certain supplemental transaction disclosures in the context of a $15 billion merger was “nil,” the Seventh Circuit Court of Appeals recently overturned an award of attorneys’ fees to plaintiffs’ counsel in the context of merger litigation.  On August 10, 2016, in the case In Re: Walgreen Co. Stockholder Litigation, case …

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U.S. Court of Appeals Narrows Application of Conflict Minerals Rules

By: Mark Tarallo On April 14, 2014, the U.S. Court of Appeals for the D.C. Circuit struck down a portion of the “conflict minerals” rules promulgated by the Securities and Exchange Commission pursuant to the Dodd-Frank Act.  In National Association of Manufacturers v. Securities and Exchange Commission, the court concluded that the provision of the …

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