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Corporate
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July 08, 2025
4th Circ. Revives Medical Device Co.'s Claim In Contract Suit
The Fourth Circuit on Tuesday revived a medical device maker's breach of contract claim alleging a company it hired to manage its patents globally overcharged for services, sending the case back to a Virginia federal court.
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July 08, 2025
GOP Senators Unveil Employment Bills Package
Senate Health, Education, Labor and Pensions Committee Chairman Bill Cassidy, R-La., and two other Republican senators jointly introduced a package of bills that would give independent contractors access to retirement and health benefits, and introduce a new independent contractor definition.Â
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July 08, 2025
Kohl's Says Self-Storage Renovation Led To Pa. Mall Exit
In seeking to ditch a lawsuit, Kohl's on Tuesday told a Pennsylvania federal judge that a mall owner breached a lease of two decades with an unwanted renovation project that added a nearby self-storage business and cut off the retailer's access to the mall's interior.
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July 08, 2025
Judge Doubts OpenAI Rival Used Similar TM Commercially
A California federal judge appeared skeptical Tuesday that Open Artificial Intelligence Inc. began using its name commercially earlier than ChatGPT developer OpenAI Inc., pushing the lesser-known company for evidence and expressing impatience over what she viewed as a lack of any substantive backing.
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July 08, 2025
Environmental Regulations To Watch In 2025: Midyear Report
The U.S. Environmental Protection Agency said it is planning big changes to existing regulations and policies, including possibly rescinding its finding that greenhouse gases pose a danger to people's health and rolling back standards for forever chemicals. Here are some of the biggest regulatory matters to watch in the second half of 2025.
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July 08, 2025
Del. Suit Accuses Auto Biz CEO Of Using Co. As 'Piggy Bank'
Four stockholders of a former Florida-headquartered auto sales and leasing venture once valued above $40 per share have aimed a Delaware Court of Chancery derivative suit at its current CEO and sole board member, alleging that he looted the car company and drove it into delisting.
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July 08, 2025
PE Attorneys Remain Optimistic Despite First-Half Slump
While many private equity attorneys predicted a booming environment heading into 2025 with President Donald Trump's incoming pro-business administration, uncertainty surrounding tariffs and antitrust regulations has been a hurdle for dealmaking and fundraising, causing an unanticipated slowdown in private equity activity.
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July 08, 2025
Masimo Criticizes Bid To DQ Quinn Emanuel In Payout Suit
Masimo Corp. is fighting a bid by its former CEO Joe Kiani to disqualify Quinn Emanuel Urquhart & Sullivan LLP from representing the medical technology company in Delaware Chancery Court litigation over Kiani's quest for a $450 million payout.
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July 08, 2025
Weil Executive Comp Atty Rejoins Sullivan & Cromwell
An experienced executive compensation attorney has departed Weil Gotshal & Manges LLP and returned to Sullivan & Cromwell LLP, where she's spent much of her legal career.
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July 08, 2025
Reed Smith Brings On Former SEC Atty From V&E In Dallas
Reed Smith LLP has added a pair of former Vinson & Elkins LLP attorneys in its Dallas office, including a former U.S. Securities and Exchange Commission investigations and enforcement attorney who bolsters the firm's global regulatory enforcement group, Reed Smith announced Tuesday.
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July 08, 2025
High Court Allows Trump's Gov't Cuts And Restructuring
The U.S. Supreme Court on Tuesday ruled the Trump administration can move forward with its plans for large-scale layoffs and reorganizations at various federal departments and agencies, lifting a California federal judge's order that had paused the efforts while a legal challenge continues.
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July 08, 2025
The Biggest Copyright Rulings Of 2025: A Midyear Report
Two California judges were the first to deliver crucial rulings about what constitutes fair use in training generative artificial intelligence models — a question expected to test the boundaries of the copyright doctrine amid the emergence of the groundbreaking technology. Here is Law360's list of the biggest copyright decisions so far this year.
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July 08, 2025
Texas Stock Exchange Taps Former SEC Markets Executive
The Texas Stock Exchange's owner on Tuesday said it has hired U.S. Securities and Exchange Commission veteran David Saltiel to join the startup, which aims to compete with the New York Stock Exchange and Nasdaq.
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July 08, 2025
Jones Day Adds Ex-FDIC, Treasury Leaders To Financial Team
Jones Day has expanded its financial markets practice in Washington, D.C., with two new partners who have key experience at financial institutions and regulatory agencies.
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July 08, 2025
Feds Say Trade Group Lacks Standing In Anti-DEI Orders Suit
A Chicago-based trade group can't show that Trump administration executive orders restricting federal diversity, equity and inclusion programs infringe on its free speech rights, the federal government argued, telling an Illinois federal court it should toss the organization's suit alleging the directives are unconstitutional.
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July 08, 2025
After Conviction Upheld, Bridge Fraudster Gets Time Served
A government contractor whose wire fraud conviction was upheld by the U.S. Supreme Court was resentenced to time served in Pennsylvania federal court on Tuesday.
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July 08, 2025
Cooley Boosts DC Office With Top CPSC Trial Atty
A four-year veteran of the U.S. Consumer Product Safety Commission has joined Cooley LLP as a special counsel, where she'll work with the firm's global product compliance and East Coast business litigation group in Washington, D.C., the firm announced Tuesday.
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July 08, 2025
Linqto Hits Ch. 11 Amid SEC Probe, Compliance Concerns
Linqto, a platform that connected investors with pre-IPO startups and other privately held firms, has filed for bankruptcy in Texas amid an investigation by the U.S. Securities and Exchange Commission and internal concerns over its compliance with securities laws.
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July 08, 2025
Paul Hastings Lands Wilson Sonsini Emerging Co. Atty In SF
Paul Hastings LLP has hired a longtime corporate attorney from Wilson Sonsini Goodrich & Rosati PC to grow its emerging companies and venture capital practice and expand its talent base in Northern California, the firm announced Tuesday.
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July 07, 2025
Credit Suisse Can't Ditch Bondholder's UBS Merger Suit
A New York federal judge Monday rejected Credit Suisse's bid to escape investor litigation alleging it concealed the impact of quarterly losses and the bank's inability to retain clients leading up to its takeover by UBS AG while certifying a class of investors and consolidating two cases for pretrial proceedings.
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July 07, 2025
9th Circ. Backs Sanctions For Jehovah's Witnesses' Atty
The Ninth Circuit Monday upheld nearly $160,000 in sanctions against the general counsel for a Jehovah's Witnesses group accused of submitting a misleading affidavit to a Montana federal court in litigation brought by women alleging they endured sexual assault as children at the hands of church officials.
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July 07, 2025
FTC Wants More Time To Present Case Against Amazon Prime
The Federal Trade Commission asked a Washington federal judge for 10 days to put on its case-in-chief against Amazon over alleged deceptive practices that trick customers into automatically renewing Prime subscriptions, arguing the evidence at the upcoming trial would be "voluminous and complex," and lengthening the trial won't prejudice Amazon.
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July 07, 2025
Burford Entities Can't Opt Out Of $32M Cargill Price-Fix Deal
An Illinois federal judge Monday denied two Burford Capital entities' day-late bid to opt out of a $32 million price-fixing settlement between Cargill and a direct turkey purchasers class, rejecting their contention that their attorneys' busy schedule and separate actions they filed against the turkey producer warranted their exclusion.
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July 07, 2025
5th Circ. Says Apple Didn't Suppress Union In NYC
The Fifth Circuit on Monday reversed the National Labor Relations Board's ruling that Apple illegally interrogated a leader of a Manhattan store organizing campaign and confiscated union flyers, saying the manager's questions were benign and the confiscations were routine tidying.
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July 07, 2025
Citron Founder Seeks Dismissal Of 'Absurd' DOJ Fraud Case
An attorney for Citron Research's founder, short-seller activist Andrew Left, urged a California federal judge Monday to dismiss the federal government's "absurd" criminal securities fraud case against Left, arguing that it's an unprecedented effort to criminalize free speech.Â
Expert Analysis
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Series
Brazilian Jiujitsu Makes Me A Better Lawyer
Competing in Brazilian jiujitsu – often against opponents who are much larger and younger than me – has allowed me to develop a handful of useful skills that foster the resilience and adaptability necessary for a successful legal career, says Tina Dorr of Barnes & Thornburg.
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Opportunities And Challenges For The Texas Stock Exchange
While the new Texas Stock Exchange could be an interesting alternative to the NYSE and the Nasdaq due to the state’s robust economy and the TXSE’s high-profile leadership and publicity opportunities for listings, its success as a national securities exchange may hinge on resolving questions about its regulatory and cost advantages, say attorneys at Norton Rose.
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Pace Of Early Terminations Suggests Greater M&A Scrutiny
The nascent return of early termination under the Hart-Scott-Rodino Act shows a more limited use than before its 2021 suspension under the Biden administration's Federal Trade Commission, suggesting deeper scrutiny of mergers and acquisitions across the board, says Michael Wise at Squire Patton.
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Energy Order Brings Risks For Lenders And Borrowers Alike
A recent executive order directing the attorney general to submit a report next month with recommendations for halting enforcement of state laws the administration says are hampering energy resources presents risks for lenders and borrowers using state-generated carbon credits, but proactive steps now can help insulate against adverse consequences, say attorneys at Faegre Drinker.
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Customs Fraud Enforcement In The Age Of Tariffs
In the wake of the Trump administration’s new approach toward tariffs, two recent Justice Department developments demonstrate aggressive customs fraud enforcement, with the DOJ emphasizing competitive harm to American businesses, and signaling that investigations will likely involve both civil and criminal enforcement tools, say attorneys at Bernstein Litowitz and London & Naor.
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Series
Power To The Paralegals: An Untapped Source For Biz Roles
Law firms looking to recruit legal business talent should consider turning to paralegals, who practice several key skills every day that prepare them to thrive in marketing and client development roles, says Vanessa Torres at Lowenstein Sandler.
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Google Case Amicus Briefs Reveal Patent Damage Fault Lines
The 21 amicus briefs filed before the en banc rehearing of EcoFactor v. Google offer opposing viewpoints on important patent damages issues that extend beyond the specific question the Federal Circuit eventually ruled on, helping practitioners anticipate and address likely objections to future damages opinions, say attorneys at Stout.
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The Legal Risks Of US Restrictions On Investments In China
The second Trump administration has continued to embrace a more restrictive economic policy toward China, including an ongoing review of further restrictions on the flow of U.S. capital to China, so early planning and enhanced diligence can reduce exposure to the challenges resulting from further restrictions, say attorneys at Cleary.
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UK May Play Major Role In Corporate Misconduct Regulation
In light of the U.S.' pause in Foreign Corrupt Practices Act enforcement, the U.K. Serious Fraud Office has released new guidance showing it may seize the opportunity to play a heightened role in regulating corporate misconduct by U.S. companies with a global presence, particularly over the next few years, say attorneys at Paul Weiss.
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Series
Playing Poker Makes Me A Better Lawyer
Poker is a master class in psychology, risk management and strategic thinking, and I’m a better attorney because it has taught me to read my opponents, adapt when I’m dealt the unexpected and stay patient until I'm ready to reveal my hand, says Casey Kingsley at McCreadyLaw.
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Does R-Squared Have A Role In Event Study Analysis?
With 2024 marking the second consecutive year to experience an increase in securities class action filings, determining the reliability of event study models is of utmost importance, but it's time to reconsider the traditional method of doing so, say analysts at StoneTurn Group.
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Avoiding The Risk Of Continued AI-Washing Enforcement
A recent action brought by the U.S. Securities and Exchange Commission and Department of Justice, alleging a software developer defrauded investors by lying about his app’s artificial intelligence capabilities, suggests this administration will continue to target AI washing, so companies should adopt practices to mitigate enforcement risk, say attorneys at Debevoise.
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Cos. Should Review Pay Strategies In Light Of 2025 Tariffs
Companies should think about what they can or should do to ensure the ongoing effectiveness of their compensation plans in light of rising material costs, reduced profit margins, market volatility and other impacts of the Trump administration’s evolving tariff regime, say attorneys at Cooley.
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3 Tax Issues Manufacturers Should Watch In 2025 Budget Bill
As Congress works toward a budget reconciliation bill, manufacturing companies should keep a keen eye on proposals to change bonus depreciation, the qualified business income deduction and energy tax credits, which could have a significant impact on capital-intensive industries, say attorneys at Frost Brown Todd.
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Key Aspects Of FDIC's Resolution Planning FAQ
The Federal Deposit Insurance Corp.'s recent FAQ on changes to its resolution plan rule ease burdensome requirements for some large institutions and exempt others from discussion of franchise components, making it easier for banks to finalize submissions before the July 1 deadline, say attorneys at Moore & Van Allen.