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Toss Of Escheat Subpoena 'Unprecedented,' Del. Justices Told


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Toss Of Escheat Subpoena Unprecedented, Del. Justices Told
Law360 (March 17, 2021, 2:32 PM EDT) An attorney for Delaware told the state s Supreme Court on Wednesday that Chancery Court took an unprecedented and unsupported step last year in quashing a subpoena for a probe of AT&T rebates and payouts that were potentially subject to state unclaimed asset sweep-ups.
Martin S. Lessner of Young Conaway Stargatt & Taylor LLP, counsel to Delaware s Department of Finance, said Vice Chancellor J. Travis Laster s strike-down of the subpoena was illogical in light of what he said was the same court s acknowledgment that the subpoena passed a series of tests on legitimacy, relevance and compliance with the Delaware code. ....

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Federal Circuit Resolves Pharma Companies' Patent Battle in Favor of Sanofi


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February 12, 2021
In a suit brought by Amgen Inc., Amgen Manufacturing, Ltd., and Amgen USA, Inc. (collectively, Amgen) against Sanofi, Aventisub LLC, Regeneron Pharmaceuticals Inc., Sanofi-Aventis U.S. LLC (collectively, Sanofi) more than six years ago, the Federal Circuit has affirmed the district court’s determination that certain Amgen patent claims were invalid for lack of enablement. The asserted claims of Amgen’s two patents describe antibodies that help the body regulate low-density lipoprotein cholesterol (LDL).
According to Thursday’s opinion, this was the second time the patents have been before the Federal Circuit. The present dispute concerned whether Amgen’s asserted claims were invalid for lack of enablement. In order to pass the federal enablement requirement, the court explained, the question is whether one reasonably skilled in the art could make or use the invention from the disclosures in the patent coupl ....

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Tiger, SB360, Second Avenue Capital Provide $25MM Revolver to francesca's - News


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Tiger, SB360, Second Avenue Capital Provide $25MM Revolver to francesca’s
February 02, 2021, 08:35 AM
Francesca’s Holdings Corporation and Francesca’s Acquisition LLC, an affiliate of TerraMar Capital LLC, announced, after a fulsome auction and sale process under Section 363 of the United States Bankruptcy Code, that it completed the sale of substantially all of francesca’s® assets, including all inventory and the francesca’s® brand, to Francesca’s Acquisition LLC, Tiger Capital Group LLC (“Tiger”) and SB360 Capital Group, LLC (“SB360”).
francesca’s® will continue to serve its customers through at least 275 boutiques, its e-commerce channels and the Company’s existing Houston, TX headquarters. The new francesca’s® business has firm financial footing, which includes a new $25 mil ....

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