Law

CBS Kills Moonves Exit Pay After Covington, Debevoise Probe

CBS Corp. announced Monday that former CEO Leslie Moonves won’t get a severance payment reportedly worth $120 million, after an investigation by Covington & Burling LLP and Debevoise & Plimpton LLP found the former executive violated company policies and didn’t cooperate with the probe into sexual harassment at the media giant…

Read this piece in its entirety at Law360.

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Calif. Federal Jury Finds Glitches In Finjan Malware Patent Suit

Cybersecurity company Finjan Inc. lost a bid to prove malware detection products sold by competitor Juniper Networks Inc. had infringed Finjan’s patent, when a California federal jury on Friday returned a verdict in Juniper’s favor…

Read this piece in its entirety at Law360.

China’s ‘Steve Jobs’ Risks Losing Calif. Property Over Loan

Chinese tech magnate Jia Yueting could have more than $11 million of his U.S. properties seized after a Shanghai-based company asked a California federal court to enforce the decision of a Beijing arbitration committee that ordered Jia to make good on a multimillion-dollar loan…

Read this piece in its entirety at Law360.

Merck, Glenmark Can’t Shake Zetia Pay-For-Delay MDL

Drugmakers Merck & Co Inc. and Glenmark Pharmaceuticals Ltd. lost a bid to kill multidistrict litigation alleging a pay-for-delay scheme involving the cholesterol medication Zetia when a Virginia federal judge on Thursday said an arbitration clause in Merck’s contracts with customers improperly waived their statutory rights, making it unenforceable…

Read this piece in its entirety at Law360.