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EV-Maker Rivian Will Pay $250M To End Investors' Fraud Suit

The Rivian logo is on a black slab

By Lauren Berg

Rivian Automotive Inc. investors asked a California federal judge Thursday to greenlight a $250 million settlement resolving their claims that the company underpriced its electric vehicles and misrepresented its profitability ahead of a blockbuster 2021 initial public offering, just one day before a summary judgment hearing.


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  • Close-up of a smartphone displaying a black-and-white app icon with a bold X shape on the screen, held in front of a larger matching logo in the background.
    Musk Can't Lean On Atty Defense In Twitter Investor Dispute

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    NBA Coach Billups, Guard Rozier Arrested In Gambling Bust

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  • Quinn Emanuel Loses Bid To Get $1.7M Bill From Sheriff Case

    By Rae Ann Varona

    A California state appeals court Thursday shot down Quinn Emanuel Urquhart & Sullivan LLP's effort to recover a more than $1.7 million bill for representing a former Los Angeles County sheriff in a suit county supervisors lodged, finding that the sheriff lacked authority to retain the firm.

  • 'Civility' A Concern As IP Atty Asks To Depose Party Suing Her

    By Lauren Berg

    A Florida federal magistrate judge overseeing discovery in a patent licensing company executive's defamation suit against a Baker Botts LLP intellectual property litigator told the parties Thursday that she's inclined to appoint a special master to oversee depositions in the case to ensure "the appropriate decorum and civility."

  • Texas Dials Up Exposure With App Store, Telemarketing Laws

    By Allison Grande

    A new Texas age verification law and sweeping revisions to the state's telemarketing statute are poised to saddle the broad universe of companies that support mobile apps and disseminate marketing texts with new obligations that will open them up to more lawsuits and other legal risks, unless opponents find success with fledgling constitutional challenges.

  • NC Judge Dubious Of NASCAR's 'Cartel' Counterclaims

    By Hayley Fowler

    A North Carolina federal judge appeared skeptical Thursday of letting NASCAR bring to trial its antitrust counterclaims against a pair of stock car racing teams, one owned by retired NBA legend Michael Jordan, questioning how the teams could have colluded to force more favorable contract terms when there seems to be evidence NASCAR was able to negotiate with them individually.

  • Google Rips $425M Privacy Verdict As Users Seek $2.4B More

    By Lauren Berg

    A class of some 98 million cellphone users who won a $425 million jury verdict finding that Google unlawfully collected their information asked a California federal judge to make the tech giant disgorge another $2.36 billion, while Google asked the court to dismantle the class and vacate the verdict.

  • 5th Circ. Vacates Lewis Brisbois' $1.5M Trademark Award

    By Elliot Weld

    The Fifth Circuit vacated a $1.5 million damages award Thursday that Lewis Brisbois Bisgaard & Smith LLP won against three attorneys who registered a business with the same name, saying the Texas federal judge who granted the award had not explained his reasoning under the relevant statutes.

  • Japan's Jera Paying $1.5B For Louisiana Shale Gas Assets

    By Al Barbarino

    Japanese power company Jera Co. said Thursday it has agreed to acquire shale gas assets in Louisiana from Williams Cos. and GEP Haynesville II LLC for about $1.5 billion.

  • Derailment Counsel Fee Provision 'Troubles' 6th Circ. Judge

    By P.J. D'Annunzio

    A three-judge Sixth Circuit panel on Thursday seemed skeptical that counsel representing victims of the fiery 2023 train derailment in East Palestine, Ohio, was blindsided by a "quick-pay" provision in the attorney fee agreement that saw class lawyers get paid before their clients.

  • Squire Patton Boggs Partner Confirmed To Kentucky Bench

    By Courtney Bublé

    The Senate voted 48-45, along party lines, on Thursday to confirm former Kentucky Solicitor General and Squire Patton Boggs LLP partner Chad Meredith to the Eastern District of Kentucky.

  • Yelp's Tying Claim Against Google Can Move Ahead

    By Matthew Perlman

    A California federal court has refused to trim Yelp's claim that Google ties its general search results to its local search listings in a case accusing Google of monopolizing the local search market, after finding the latest version of the claim fixed the problems previously identified.

  • 5th Circ. Revives Religious Bias Suit Over DOD Vaccine Policy

    By Patrick Hoff

    The Fifth Circuit breathed new life into a proposed class action claiming the U.S. Department of Defense unlawfully slow-walked civilian employees' requests for religious exemptions from its COVID-19 vaccination directive, saying the mandate getting rescinded didn't nullify the lawsuit.

  • Judges Admit AI Missteps After Grassley's Oversight Push

    By Courtney Bublé

    Federal judges in New Jersey and Mississippi admitted their staff used artificial intelligence in faulty orders they had to redo over the summer, according to correspondence released Thursday by Sen. Chuck Grassley, R-Iowa, chair of the Senate Judiciary Committee, who is investigating the matter.

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Latest News

  • Sanctions Threats Mount For Atty Who Ignored Citation Order
  • Quinn Emanuel Loses Bid To Get $1.7M Bill From Sheriff Case
  • Highest Bench Doesn't Mean Your Kids Listen, Jackson Jokes
  • 'Civility' A Concern As IP Atty Asks To Depose Party Suing Her
  • Top Calif. Judge Warns Attys On AI, Eyes Antitrust Changes
  • Texas Dials Up Exposure With App Store, Telemarketing Laws
  • Jurors See MIT Bros' Chats, Plans For $25M Crypto Gambit
  • Alabama Carries Out 7th Nitrogen Gas Execution
  • Gov't Defends Holding Noncitizens On Overseas Bases
  • Delta Workers Can't Revive Claim Lands' End Uniforms Toxic

From The Courtroom

  • Jurors See MIT Bros' Chats, Plans For $25M Crypto Gambit
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  • Hi-Tech Pharma Fraud Charges Just A 'Paper Case,' Jury Told
  • Ex-Conn. School Buildings Official Convicted Of Corruption
  • Ga. Justices Weigh City's Duty In $33M Fatal Crash Case
  • Crypto Trader Says He Thought MIT Bros.' $25M Win Was Legit
  • Novo Nordisk Trial Kicks Off Over Kickback Allegations
  • Marriott Tried To 'Hijack' Delta's Trademark, Airline Tells Judge
  • Penny Stock Trader Wants New 'Scalping' Trial After SEC Loss
 
 
 
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Expert Analysis

  • Grace Schmidt
    What 9th Circ.'s Rosenwald Ruling Means For Class Actions
    The Ninth Circuit's recent decision in Rosenwald v. Kimberly-Clark has important implications around the Class Action Fairness Act a... (read more)
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    A wave of new and expanded state laws covering paid family, medical and sick leave will test multistate compliance systems, marking ... (read more)
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    The Consumer Financial Protection Bureau's vacillation over data rights rules has created uncertainty, but a recent proposal is a st... (read more)
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    The political thriller “One Battle After Another,” following a former revolutionary who became a recluse, offers a potent metaphor f... (read more)
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