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Corporate

  • June 04, 2025

    Davis Polk, Skadden Guide Circle's Upsized $1B IPO

    Venture-backed stablecoin issuer Circle Internet Group Inc. on Wednesday priced an upsized $1.05 billion initial public offering above its marketed range amid strong demand, represented by Davis Polk & Wardwell LLP and underwriters counsel Skadden Arps Slate Meagher & Flom LLP.

  • June 04, 2025

    ContractPodAi Launches Tariff-Focused AI Software

    Contract management software provider ContractPodAi, which offers an automated legal assistant called Leah, announced the release of a tariff-focused chatbot that tracks global tariffs and trade regulations.

  • June 04, 2025

    Steel, Aluminum Tariff Hike Casts Cloud Over US Investment

    President Donald Trump's latest tariff increases on steel and aluminum imports strengthen an existing barrier to an already duty-riddled trade environment and could put both domestic and foreign businesses' investment opportunities in the U.S. at risk, experts say.

  • June 04, 2025

    Gas Co., Fired CFO Settle $5.6M Conn. Distribution Claims

    A family-owned propane supplier has settled its former chief financial officer's claims over allegedly unpaid distributions arising from his termination and a planned sale of the business.

  • June 04, 2025

    Pa. Brewery Co-Owner Claims Fraud Against Jailed Partner

    A Pittsburgh-area business owner currently jailed for insurance and bankruptcy fraud is also accused of defrauding his former partner in a brewery and restaurant, including hiding the fact that the building the partner was renovating and living in was actually condemned, according to a lawsuit filed in state court.

  • June 04, 2025

    Calif. Justices Asked To Clarify Limits Of Good Faith Defense

    A worker's counsel urged the California Supreme Court on Wednesday to find that employers must show they proactively took steps to ensure its pay practices complied with state requirements to establish a good faith defense against liquidated damages, while the employer's counsel declined to address the merits of the appeal.

  • June 04, 2025

    Amtrak Bribery Plot Nets Contractor Nearly 5-Year Sentence

    A former executive for a masonry contractor who admitted to participating in a scheme that involved bribing an Amtrak manager to overbill the federal government $2 million in a $50 million restoration of Philadelphia's 30th Street Station was sentenced to 57 months in prison by a Pennsylvania federal court.

  • June 04, 2025

    FTC Can't Exclude TikTok Blackout From Meta Case

    Meta Platforms can point to TikTok briefly going dark at the beginning of 2025 as it tries to fend off claims that it is monopolizing the social media market, after a D.C. federal judge refused to let the Federal Trade Commission lock the case to evidence from the year 2023.

  • June 04, 2025

    Meta Inks 20-Year Deal With Ill. Energy Provider To Develop AI

    Meta has struck a 20-year deal with Constellation Energy to purchase nuclear power from an Illinois plant to help fuel its development of artificial intelligence technology, the companies announced Tuesday.

  • June 04, 2025

    Cognizant Granted Some DHS Docs In Visa Fraud Case

    A New Jersey federal judge has ordered the U.S. Department of Homeland Security to confer with attorneys for Cognizant Technology Solutions Corp. on how much to broaden a search for materials related to two types of visas, in a case brought by a former executive alleging the company defrauded the government through its visa applications.

  • June 04, 2025

    SEC Says Accountant Errors Don't Doom Crowdfunding Case

    The U.S. Securities and Exchange Commission told a Michigan federal judge Wednesday that mistakes in one of its accountant's declarations do not warrant the dismissal of its first crowdfunding enforcement action, arguing the SEC's lawyers acted in good faith when they alerted the court to the errors.

  • June 04, 2025

    Apple Can Shield Info In NJ TikTok Addiction Suit

    A New Jersey state court will allow Apple Inc. to inject itself into the state attorney general's high-profile lawsuit accusing TikTok of designing features that harm and cause addiction in children, allowing the manufacturer of the iPhone to argue, away from public view, that certain content in the lawsuit should be redacted.

  • June 04, 2025

    Willkie Farr Hires Financial Services Partner In DC

    Willkie Farr & Gallagher LLP has hired a McGuireWoods LLP attorney as a partner in Washington, D.C., to advise corporations on a range of legal issues, the firm announced Tuesday.

  • June 04, 2025

    Compliance Chiefs Eye New Jobs Amid Pay Growth Slowdown

    More than half of chief compliance officers are considering seeking new job opportunities in the coming year, according to a Wednesday report from in-house legal and compliance advisory firm BarkerGilmore LLC, which also found CCO pay growth generally slowed down compared to last year.

  • June 04, 2025

    Judge Won't Block Amazon From Talking To Depo Witnesses

    A federal judge on Tuesday rejected the Federal Trade Commission's bid, in its antitrust case against Amazon, seeking to block lawyers representing the e-commerce giant from conferring with witnesses during breaks in their depositions.

  • June 04, 2025

    DOJ Alumni Aid Group Launches Pro Bono Legal Network

    Justice Connection, a group founded by former U.S. Department of Justice attorneys in response to the Trump administration's ongoing purge of the department, has launched a pro bono legal network to represent DOJ attorneys being "unfairly targeted" by the administration.

  • June 04, 2025

    Chancery Strips Amazon, Others From $1.3B Zoox Merger Suit

    Delaware's chancellor has kept alive breach of fiduciary duty claims against most directors and two officers of self-driving taxi venture Zoox Inc. over its $1.3 billion acquisition by Amazon, while dismissing Amazon itself and rejecting stockholder fee-shifting claims.

  • June 04, 2025

    Chip Trade Secret Conviction Specific Enough, 1st Circ. Hints

    The First Circuit on Wednesday appeared skeptical of arguments that jurors who convicted a former Analog Devices Inc. engineer of possessing trade secrets improperly glossed over the difference between what was described in the indictment and what was actually found during a search of his electronic devices.

  • June 04, 2025

    US, UK Clarify Tariffs On Cars, Metals As Trade Talks Continue

    A trade deal between the U.S. and the U.K. that will reduce U.S. tariffs on British cars to 10% and remove those levies on some metals will come into effect "in just a couple of weeks," Prime Minister Keir Starmer told Parliament on Wednesday.

  • June 04, 2025

    Trump's CFTC Pick Set For Senate Confirmation Hearing

    President Donald Trump's nominee to lead the U.S. Commodity Futures Trading Commission has been scheduled to appear before the Senate agriculture committee for a confirmation hearing next Tuesday, advancing his nomination at a time when the agency is facing a leadership void.

  • June 04, 2025

    Ex-Paul Weiss Corporate Partner Joins Cooley's NY Practice

    Cooley LLP has hired a former Paul Weiss Rifkind Wharton & Garrison LLP finance partner, who told Law360 Pulse in an interview Wednesday that he followed his father and uncle's footsteps when deciding to pursue a career in law.

  • June 03, 2025

    5th Circ. Weighs Constitutionality Of Banking In-House Courts

    A Fifth Circuit panel Tuesday heard a trio of cases contesting federal banking regulators' use of in-house proceedings to impose penalties, signaling interest in potential jurisdictional bars to such challenges but offering few clear clues about how it might rule.

  • June 03, 2025

    Calif. Suffers Setback In Tariff Suit, But Gets Shot At 9th Circ.

    A California federal judge said Monday that the U.S. Court of International Trade has exclusive jurisdiction over California's lawsuit challenging President Donald Trump's recent tariffs, but declined the federal government's request to transfer the case to the CIT and instead dismissed the suit so that California can appeal her decision to the Ninth Circuit.

  • June 03, 2025

    Kellogg Tells L'eggo Food Truck To Leggo 'Eggo' Trademark

    Kellogg North America Co. LLC lodged a trademark infringement suit Tuesday against an Ohio food truck called "L'eggo My Eggroll," claiming that the business not only refused to stop infringing, its owners also threatened Kellogg and demanded that it buy its entire business.

  • June 03, 2025

    Capital One Must Face Some Claims It Stole From Influencers

    Capital One Financial Corp. cannot ditch all of a proposed class action alleging its coupon-search browser extension steals commissions from social media creators who drive customers to affiliated merchants, a Virginia federal judge ruled, saying the plaintiffs plausibly alleged Capital One knew it was diverting their "rightfully earned" commissions.

Expert Analysis

  • Drug Kickback Ruling Will Make FCA Liability Harder To Prove

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    The First Circuit's ruling in U.S. v. Regeneron Pharmaceuticals, requiring the government to prove but-for causation to establish False Claims Act liability based on violations of the Anti-Kickback Statute, raises the bar for FCA enforcement and deepens a circuit split that the U.S. Supreme Court may need to resolve, say attorneys at Baker Donelson.

  • What Reuters Ruling Means For AI Fair Use And Copyright

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    A Delaware federal court's recent decision in Thomson Reuters v. ROSS Intelligence is not likely to have lasting effect in view of the avalanche of artificial intelligence decisions to come, but the court made two points that will resonate with copyright owners who are disputing technology companies' unlicensed use of copyright-protected materials to train generative AI models, says David Ben-Meir at Ben-Meir Law Group.

  • The Current And Future State Of Bank-Fintech Partnerships

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    Though the Consumer Financial Protection Bureau under President Donald Trump seems likely to cultivate an environment friendlier to the financial services industry, bank-fintech partnerships should stay devoted to proactive compliance and be ready to adapt to regulatory shifts that may intensify scrutiny from enforcers, say attorneys at Greenberg Traurig.

  • Chancery Ruling Holds Authorized Share Takeaways For Cos.

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    The Delaware Chancery Court’s recent ruling in Salama v. Simon resolved statutory ambiguity in favor of boards seeking authorized share increases, and has important implications for litigators presenting extrinsic evidence in support of contract or statutory interpretation arguments, says Robin Wechkin at Sidley.

  • McMahon SEC Settlement Warns Of Nondisclosure's Price

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    The U.S. Securities and Exchange Commission's recent financial nondisclosure settlement with former WWE CEO Vince McMahon illustrates the breadth of executives' reimbursement obligations under the Sarbanes-Oxley Act and highlights the importance of building robust internal corporate reporting processes, say attorneys at BCLP.

  • Series

    Racing Corvettes Makes Me A Better Lawyer

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    The skills I use when racing Corvettes have enhanced my legal practice in several ways, because driving, like practicing law, requires precision, awareness and a good set of brakes — complete with the wisdom to know how and when to use them, says Kat Mateo at Olshan Frome.

  • Bill Would Bring Welcome Clarity To Del. Corporate Law

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    A recently proposed bill in Delaware that would provide greater predictability for areas including director independence and controlling stockholders reflects prudential adjustments consistent with the state's long history of refining and modernizing its corporate law, say attorneys at Simpson Thacher.

  • Opinion

    Attorneys Must Act Now To Protect Judicial Independence

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    Given the Trump administration's recent moves threatening the independence of the judiciary, including efforts to impeach judges who ruled against executive actions, lawyers must protect the rule of law and resist attempts to dilute the judicial branch’s authority, says attorney Bhavleen Sabharwal.

  • Rethinking 'No Comment' For Clients Facing Public Crises

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    “No comment” is no longer a cost-free or even a viable public communications strategy for companies in crisis, and counsel must tailor their guidance based on a variety of competing factors to help clients emerge successfully, says Robert Bowers at Moore & Van Allen.

  • Del. Supreme Court TripAdvisor Ruling May Limit 'MFW Creep'

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    The Delaware Supreme Court's recent Maffei v. Palkon ruling regarding TripAdvisor's proposed reincorporation to Nevada potentially signals a turning point in the trend of expanding the protections from Kahn v. M&F Worldwide to other types of transactions, says Andrew J. Haile at Elon University.

  • 9th Circ. Draws The Line On Software As A Derivative Work

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    The Ninth Circuit's recent decision in Oracle International v. Rimini Street clarifies the meaning of derivative work under the Copyright Act, and when a work based upon a preexisting item doesn't constitute a derivative, says John Poulos at Norton Rose.

  • Reading The Tea Leaves On Mexico, Canada And China Tariffs

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    It's still unclear whether the delay in the imposition of U.S. tariffs on Canadian and Mexican imports will result in negotiated resolutions or a full-on trade war, but the outcome may hinge on continuing negotiations and the Trump administration's possible plans for tariff revenues, say attorneys at Eversheds Sutherland.

  • A Closer Look At FDX's New Role As Banking Standard-Setter

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    Should the new Consumer Financial Protection Bureau let ​​​​​​​stand the decision empowering Financial Data Exchange as an industry standard-setter, it will be a significant step toward broader financial data-sharing, but its success will depend on industry adoption, regulatory oversight and consumer confidence, say attorneys at Clark Hill.

  • Partially Faulting Airline For 401(k) ESG Focus Belies ERISA

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    A Texas federal court's recent finding that American Airlines breached its fiduciary duty of loyalty, but not of prudence, by letting its 401(k) pursue environmental, social and governance investments, misinterprets the Employee Retirement Income Security Act's standard of care, says Jeff Mamorsky, a Cohen & Buckmann partner and ERISA drafter.

  • Fund Names Rule FAQs Leave Some Interpretative Uncertainty

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    Although recently released FAQs clarify many specific points of the 2023 expansion to the Investment Company Act's fund names rule, important questions remain about how U.S. Securities and Exchange Commission staff will interpret other key terms when the end-of-year compliance date arrives, say attorneys at Dechert.

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