Damages

Molecular Partners Announces Dismissal of Class Action Lawsuit

Retrieved on: 
Friday, March 1, 2024

Molecular Partners was represented by Cooley LLP in the litigation.

Key Points: 
  • Molecular Partners was represented by Cooley LLP in the litigation.
  • The original case was filed on July 12, 2022 in the U.S. District Court for the Southern District of New York.
  • On February 5, 2024, the court dismissed the amended complaint without prejudice and gave the plaintiff the opportunity to amend the complaint by February 26, 2024.
  • On February 23, 2024, plaintiff filed a stipulation of dismissal with prejudice.

PayRange Files Patent Infringement Lawsuit Against CSC ServiceWorks

Retrieved on: 
Wednesday, March 6, 2024

PORTLAND, Ore., March 6, 2024 /PRNewswire/ -- PayRange Inc., a pioneer in developing mobile payment solutions and hardware for automated retail, has filed a patent infringement lawsuit against CSC ServiceWorks, the largest US operator of laundry machines in multi-family housing and college dorms.

Key Points: 
  • PORTLAND, Ore., March 6, 2024 /PRNewswire/ -- PayRange Inc., a pioneer in developing mobile payment solutions and hardware for automated retail, has filed a patent infringement lawsuit against CSC ServiceWorks, the largest US operator of laundry machines in multi-family housing and college dorms.
  • PayRange is seeking damages estimated to be in excess of $108 million and a permanent injunction barring further infringement.
  • PayRange has alleged infringement of three patents in this lawsuit, which is in addition to four patents alleged in a still pending lawsuit filed against CSC ServiceWorks in March 2023.
  • Wilson Sonsini Goodrich & Rosati, PayRange's counsel on this matter, filed allegations stating that, "PayRange brings this case to hold CSC accountable for its willful infringement of PayRange's patent rights.

Does Trump actually have to pay $83.3 million to E. Jean Carroll? Not immediately, at least

Retrieved on: 
Monday, February 5, 2024

Former President Donald Trump has vowed to appeal journalist E. Jean Carroll’s major legal victory over him on Jan. 26, 2024, when a Manhattan jury determined that Trump must pay her US$83.3 million for repeatedly defaming Carroll.

Key Points: 
  • Former President Donald Trump has vowed to appeal journalist E. Jean Carroll’s major legal victory over him on Jan. 26, 2024, when a Manhattan jury determined that Trump must pay her US$83.3 million for repeatedly defaming Carroll.
  • The jury awarded Carroll US$7.3 million for damage to her reputation, $11 million for emotional harm and $65 million for punitive damages.
  • The Conversation U.S. spoke with civil procedure scholar Jayne Ressler to understand what happens now that the jury has announced its award to Carroll.

What exactly does ‘punitive damages’ mean?

  • Research has shown that about 5%, or sometimes less, of civil cases wind up having punitive damages rewarded.
  • Punitive damages are separate from compensatory damages – meaning, the amount of compensation that Carroll should be rewarded because of direct harm to her.

Does Trump need to pay these damages immediately?

  • Defendants don’t say, “Cool, here is a check for whatever amount.” It is a long appeal process that happens with these damages.
  • Trump has said he will appeal the decision, and he will likely first argue that the compensatory damages are too high.

How does a jury reach a specific amount when determining punitive damages?

  • There is no exact accounting behind the dollar amount of these damages in general.
  • The U.S. Supreme Court has not set out an exact ratio to say when punitive damages are too excessive, in accordance with compensatory damages.
  • But it has suggested that there should be some correlation between the compensatory damages and the punitive damages.

Assuming that Trump reaches the end of an appeals process and is still ordered to pay this full $83.3 million, how would that be enforced?

  • Or the next thing he could do is say he doesn’t have the assets to pay.
  • If the court determines he does have the assets and he still does not pay, he would be held in contempt of court.
  • With Trump in particular, who is well known for drawing out legal processes, the appeals process could take a long time.

Are there downsides to awarding such a high amount of punitive damages?


For the average person to see something like $83.3 million, it can make you say, “Wow, what kind of court system is this?” No one is saying that Carroll was harmed at an amount that is equivalent to $83.3 million. And the $65 million of punitive damages, in particular, is not about how much Carroll was harmed. It is about punishing Trump’s bad behavior and getting him to stop doing it.
Jayne Ressler does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

J.S. Held Expands Economic Damages and Valuations Practice with Acquisition of Forensic Resolutions, Inc.

Retrieved on: 
Tuesday, January 9, 2024

JERICHO, N.Y., Jan. 9, 2024 /PRNewswire-PRWeb/ -- Global consulting firm J.S. Held announces the acquisition of Forensic Resolutions, Inc., a forensic and investigative accounting firm based in New Jersey. Forensic Resolutions, Inc. advises law firms and insurance clients, both plaintiff and defendant, to help quantify the financial aspects of matters in dispute.

Key Points: 
  • Held expands Economic Damages and Valuations practice and strengthens presence in the Eastern United States.
  • With the addition of Forensic Resolutions, the firm adds key resources to advise law firms and insurance clients in complex insurance claims, fraud & corporate investigations, forensic & investigative accounting, and economic damages & financial disputes.
  • Held announces the acquisition of Forensic Resolutions, Inc., a forensic and investigative accounting firm based in New Jersey.
  • The addition of Forensic Resolutions expands our team of uniquely qualified economic damages and valuations experts and strengthens our presence in the Eastern United States."

KBRA Assigns an A+ Rating to the State of Louisiana Economic Damages Revenue Bonds [LA 1/LA 415 Connector Project]; Affirms Rating for Parity Debt; Outlook is Stable

Retrieved on: 
Wednesday, November 22, 2023

KBRA assigns a long-term rating of A+ to the State of Louisiana Economic Damages Revenue Bonds [LA 1/LA 415 Connector Project] (TIFIA), with a final maturity of September 1, 2033, and at the same time affirms the long-term rating of A+ for parity debt.

Key Points: 
  • KBRA assigns a long-term rating of A+ to the State of Louisiana Economic Damages Revenue Bonds [LA 1/LA 415 Connector Project] (TIFIA), with a final maturity of September 1, 2033, and at the same time affirms the long-term rating of A+ for parity debt.
  • The long-term rating reflects the business and financial risk profile of BP p.l.c.
  • (“BP”, the “Company”), and the payment of Deepwater Horizon Economic Damages proceeds (“Damages”) by BP Exploration & Production Inc. (“BPXP”).
  • Such Damages secure debt service on the State of Louisiana (“the State”) Deepwater Horizon Economic Damages Revenue Bonds and TIFIA Loans (the “Bonds”; TIFIA is the “Transportation Infrastructure Finance and Innovation Act of 1998”).

If You Received Inadequate Medical Care While Incarcerated at the Bradley County Jail Between September 18, 2017 Through November 29, 2023, Then You Could Be Entitled to Money From a Class Action Settlement

Retrieved on: 
Monday, December 11, 2023

A lawsuit pending in the U.S. District Court for the Eastern District of Tennessee ("Litigation") may affect your rights.

Key Points: 
  • A lawsuit pending in the U.S. District Court for the Eastern District of Tennessee ("Litigation") may affect your rights.
  • The Litigation claims that Bradley County, Tennessee, and the Bradley County Sheriff's Office ("BCSO") ("Defendants") maintained a system of constitutionally inadequate medical care at the Bradley County Jail (the "Jail") between September 18, 2017 through November 29, 2023 ("Class Period").
  • With Court approval, Damages Class Members who submit valid and timely Claim Forms may receive a cash award from the Settlement Fund.
  • In addition, a Damages Class Member may forego a full evaluation of his claim(s) and accept a smaller, guaranteed cash award.

Applied Optoelectronics Amends Patent Infringement Lawsuit

Retrieved on: 
Monday, October 2, 2023

SUGAR LAND, Texas, Oct. 02, 2023 (GLOBE NEWSWIRE) -- Applied Optoelectronics, Inc. (Nasdaq: AAOI), a leading provider of fiber-optic access network products for the cable broadband, internet datacenter, telecom and fiber-to-the-home (FTTH) markets, today announced that it has amended its previously filed complaint for patent infringement, Case No.

Key Points: 
  • SUGAR LAND, Texas, Oct. 02, 2023 (GLOBE NEWSWIRE) -- Applied Optoelectronics, Inc. (Nasdaq: AAOI), a leading provider of fiber-optic access network products for the cable broadband, internet datacenter, telecom and fiber-to-the-home (FTTH) markets, today announced that it has amended its previously filed complaint for patent infringement, Case No.
  • After further review, AOI now believes that additional products infringe additional AOI patents.
  • In the amended complaint AOI alleges that certain 100G QSFP28 PSM4, 100G QSFP CWDM4, and 400G QSFP-DD DR4+ each infringe one or more of six AOI patents.
  • Therefore, AOI is taking, and will continue to take the steps necessary to protect its intellectual property, including enforcing its patents against all alleged infringers,” said Dr. Thompson Lin, Applied Optoelectronics Inc.

J.S. Held Expands Economic Damages and Valuation Practice in Europe

Retrieved on: 
Tuesday, September 5, 2023

JERICHO, N.Y., Sept. 5, 2023 /PRNewswire-PRWeb/ -- Global Consulting firm J.S. Held welcomes financial forensic investigations expert Managing Director Oscar Hernandez. Based in Madrid, Spain, Oscar expands our economic damages & valuations footprint into Europe. Mr. Hernandez brings over 20 years of forensic investigations, auditing, and financial consulting experience to the firm. He has Big 4 accounting firm experience, including complex international engagements across Europe and Latin America.

Key Points: 
  • Held and expands the Economic Damages & Valuation Practice in Europe.
  • Held welcomes financial forensic investigations expert Managing Director Oscar Hernandez .
  • Based in Madrid, Spain, Oscar expands our economic damages & valuations footprint into Europe.
  • Executive Vice President Dean Driskell shares, "Oscar has extensive experience in the courtroom ratifying economic, accounting, and financial reports.

Girard Sharp LLP and Motley Rice LLC Announce a Proposed Settlement in In re Xyrem (Sodium Oxybate) Antitrust Litigation

Retrieved on: 
Friday, July 28, 2023

The plaintiffs in the lawsuit have reached a proposed Settlement with the Amneal and Lupin defendants that would resolve all claims against them.

Key Points: 
  • The plaintiffs in the lawsuit have reached a proposed Settlement with the Amneal and Lupin defendants that would resolve all claims against them.
  • Separately, the Court has certified several classes of Xyrem and/or Xywav payers and the claims of those classes against the remaining defendants will continue.
  • The proposed Settlement and the Court's class certification order may affect the rights of members of the Settlement Class, the Damages Class and the Injunctive Relief Class (all defined below).
  • But they give up any rights to sue the Defendants separately about the same legal claims in this lawsuit.

Class Action Lawsuit filed by Pollock Cohen LLP and Walden Macht & Haran Against NYC and EmblemHealth/GHI On Behalf of 183,000 Retirees Over Illegal Co-pays

Retrieved on: 
Wednesday, December 7, 2022

NEW YORK, Dec. 07, 2022 (GLOBE NEWSWIRE) -- On November 29, Pollock Cohen LLP and Walden Macht & Haran filed a class action lawsuit on behalf of 183,000 municipal retirees against New York City and insurance company EmblemHealth/GHI.

Key Points: 
  • NEW YORK, Dec. 07, 2022 (GLOBE NEWSWIRE) -- On November 29, Pollock Cohen LLP and Walden Macht & Haran filed a class action lawsuit on behalf of 183,000 municipal retirees against New York City and insurance company EmblemHealth/GHI.
  • The suit alleges that these senior citizens and disabled first-responders incurred more than $55 million in actual damages, and that many have been irreparably harmed.
  • “Retirees earned and paid for their benefits by giving up wage increases and accepting reduced earnings during their careers.
  • The other attorneys are Sara Haviva Mark of Pollock Cohen, and Jacob Gardener of Walden Macht & Haran.