Significant Victory in Case Involving Corporate and Economic Espionage
In September 2014, the firm won a significant victory for our client, a Fortune 500 provider of content and analytics for global capital, commodities, and commercial markets, in a nearly five year old litigation brought in federal court in New York by our opponent, a global publishing and information company. Our opponent alleged violations of the RICO Act, the Sherman Act, the Lanham Act, and myriad state law claims as a result of our client’s construction division’s alleged improper access to our opponent’s database for construction project information. In 2010, the Court dismissed our opponent’s RICO claims. In September 2014, the Court dismissed all but one of our opponent’s remaining claims, leaving only a limited version of its unfair competition claim. Then, in October 2014, our opponent agreed to drop the limited unfair competition claim that survived — giving our client a complete dismissal of all claims in the district court. In January 2016, the Second Circuit affirmed the district court’s summary judgment decision resulting in a complete victory for our client.
Telecommunications Company Corporate Debt Refinancing
In 2014, Patterson Belknap acted as issuer’s counsel in connection with the refinancing of corporate debt for a Barbados-based telecommunications company that owns and operates subsea fiber optic cable networks in the Caribbean, Central America and South America. The $1.25 billion multi-jurisdictional financing included a repayment of existing debt, the release of collateral in multiple jurisdictions and the listing of notes on the Luxembourg Stock Exchange. Since closing the refinancing, Patterson Belknap has advised the client as to covenant matters in connection with its sale of to a multinational telecommunications company headquartered in London.
Substantial Copyright Settlement for a Leading Media Company
In June 2012, the firm obtained a substantial settlement for a leading media company in an important copyright case for the industry. On behalf of our client, our team asserted copyright infringement claims against a web-based software service in response to its regular reproduction and distribution of our client’s copyrighted articles to its subscribers, who include public relations professionals at corporations throughout the United States. Our client’s content was originally published mainly in the print and online editions of top news and business publications. Ultimately, the web-based software service paid a significant sum to settle our client’s claim that it engaged in unauthorized reproduction, distribution, and other misuse of proprietary news content.
Appellate Win for Law Firm Client in Malpractice Suit
In January 2012, a former entertainment client of a leading New York City law firm alleged malpractice against the firm and one of its lawyers in connection with rights to a popular song. Representing the law firm, Patterson Belknap moved to dismiss the plaintiff's claims on the grounds that the statute of limitations had run. The principal issues raised by the firm’s motion were which state's limitations periods applied and when the plaintiff's claims had accrued. Following the trial court's denial of this motion, the firm appealed. The appellate court reversed the trial court and dismissed the claims with prejudice. A New York Law Journal article on the case is available here, and the decision is available here.