In Amgen Inc. v. Sanofi, Opinion No. 17-1480 (Fed. Cir., Oct. 5, 2017), the Federal Circuit rejected the “newly characterized antigen” test as a means of satisfying the written description requirement for a claim to antibodies. The patents-in-suit are directed to antibodies that target Continue Reading
Lawyers Spar over Conspiracy Allegations as Wilmington Trust Trial Ends Week 1
The long-awaited Wilmington Trust criminal trial is finally underway in a Delaware federal court, as federal prosecutors this week made their case that four of the bank's former top executives orchestrated a scheme to hide hundreds of millions of dollars in bad loans from regulators and Continue Reading
Turner Selected to Law360’s Government Contracts Editorial Advisory Board
The purpose of the editorial advisory board is to get feedback on Law360's coverage and gain insight from experts in the field on how best to shape future coverage. Franklin Turner is a partner and co-leader of the government contracts and export controls practice group at McCarter & English. Continue Reading
Wilmington Trust Defense Fights to Keep Damaging Evidence from Eyes of the Jury
During the first week of the Wilmington Trust criminal trial, attorneys clashed over whether grand jury testimony claiming bank executives pressured employees to paint too rosy a picture of its toxic loan portfolio could be repeated to freshly minted trial jurors. Click to read full article: Continue Reading
Wilmington Trust Past Due Waivers Said to Run for Years
A Wilmington Trust Corp. backlog of unacknowledged, past due commercial loans included 142 debts worth $177.3 million that were six months to three-and-a-half years past due when 2009 ended, a witness said Friday during a Delaware fraud and securities trial for four bank executives. Continue Reading
Energy Storage CEO Says Industry Is Finally Getting Noticed
Michael Oster is CEO of a local energy storage company, which means he undoubtedly stands to benefit from the latest decree from federal energy regulators. The Federal Energy Regulatory Commission, or FERC, passed a rule at the end of February that puts energy storage on an equal footing with Continue Reading
Montagna Selected to Law360’s 2018 Banking Editorial Advisory Board
DOJ Claims ‘Lies’ in Ex-Wilmington Trust Execs’ Fraud Trial
Four former Wilmington Trust Corp. executives "lied repeatedly" about the bank's commercial loan portfolio to regulators, investors and the public in 2009 and 2010, a federal prosecutor said Monday at the opening of the officials' fraud and securities trial in Delaware. Michael P. Kelly of Continue Reading
Fraud Trial of Former Wilmington Trust Executives Begins
Four former executives of Wilmington Trust Corporation went on trial Monday on federal fraud and conspiracy charges, with prosecutors telling jurors the defendants hid hundreds of millions of dollars in bad loans as the bank's commercial real estate loan portfolio cratered after the 2008 financial Continue Reading
Wilmington Trust Execs’ Fraud Trial Set to Begin in Del
Federal prosecutors were poised for a second time Friday to take four Wilmington Trust Corp. executives to trial in Delaware on securities fraud and related charges for allegedly hiding more than $1 billion in past due loans, in a case that will likely hinge on disputed loan status reporting Continue Reading