Alexander C. Drylewski of Skadden, Arps, Slate, Meagher & Flom has entered an appearance for New York Mercantile Exchange and parent company CME Group in a pending securities lawsuit. The case, filed June 14 in New York Southern District Court by Clark Smith Villazor, was filed on behalf of three investment funds which purchased carbon offset credits futures contracts, which increase in value if the United Nations limits which emissions are eligible for offset. The complaint alleges that after the UN removed eligibility for certain emissions, the defendants wrongfully changed their rules to make other emissions eligible causing the plaintiffs to lose more than $150 million. The case, assigned to U.S. District Judge Edgardo Ramos, is 1:24-cv-04562, Global Carbon Opportunity (Cayman) Fund Ltd. et al v. Cme Group Inc. et al.
Tiffany Mahmood of Goodwin Procter has entered an appearance for BroadwayHD in a pending patent infringement lawsuit. The case, filed June 20 in New York Southern District Court by Kluger Healey LLC and Garteiser Honea PLLC on behalf of Quantum Technology Innovations, asserts a single patent pertaining to a content distribution system. The case, assigned to U.S. District Judge Denise L. Cote, is 1:24-cv-04679, In Re Quantum Technology Innovations LLC Patent Litigation.
Michael R. Luchsinger and Masood Syed Ali of Segal McCambridge of Singer & Mahoney have stepped...
CLAIM: Video claiming President Ferdinand Marcos Jr. had resigned. RATING: FALSE A YouTube video falsely claimed that President Ferdinand Marcos Jr. had stepped down from office amid continue...