Corporate

  • June 12, 2026

    Taxation With Representation: Gibson Dunn, Davis Polk, S&C

    In this week's Taxation With Representation, SpaceX prices a $75 billion initial public offering at its designated price range, Apollo Global Management leads a capital commitment for a Broadcom initiative to build artificial intelligence infrastructure for companies including Anthropic, and pharma giant GSK acquires cancer therapy specialist Nuvalent.

  • June 12, 2026

    Bloggers Say EBay Stalking Settlement Has Fallen Apart

    A Massachusetts couple who were stalked and harassed by eBay employees after publishing blog posts critical of the online retailer's management asked a Massachusetts federal judge on Friday to reopen their suit against the company and several executives, saying a proposed settlement has collapsed.

  • June 12, 2026

    2nd Circ. Leery Of Amazon Worker's Caregiver Bias Suit

    The Second Circuit appeared skeptical Friday of a former Amazon employee's attempt to revive her suit claiming she was unlawfully denied schedule flexibility to care for her son, questioning whether her suit should have been brought as an accommodation dispute rather than a discrimination suit.

  • June 12, 2026

    Trader Admits Fib To SEC, Avoids $600M Fraud Trial

    A former California investment executive told a Manhattan federal judge Friday that he lied to the U.S. Securities and Exchange Commission, copping to a lesser count of obstruction after prosecutors initially charged him with a $600 million "cherry-picking" fraud.

  • June 11, 2026

    Meta Must Face Porn Studio's IP Suit Over AI Training

    Meta Platforms Inc. can't toss a porn studio's copyright infringement suit accusing the social media giant of downloading the studio's films to train generative artificial intelligence models, a California federal judge ruled Thursday, saying the studio's allegations suffice to infer a "coordinated effort" by Meta to gather data.

  • June 11, 2026

    OpenAI Hit With Another Suit Claiming ChatGPT Aided Suicide

    A Canadian mother on Thursday sued ChatGPT maker OpenAI over her daughter's suicide in California state court, adding to mounting litigation accusing the artificial intelligence tool of encouraging or aiding users in self-harm and suicide.

  • June 11, 2026

    Automaker Group Wants Wash. Biz Licensing Regs Shut Down

    The Alliance for Automotive Innovation has urged a Washington federal court to invalidate a pair of state business licensing rules, including one that expanded the definition of "soliciting," saying the regulations are unconstitutional and beyond the authority of the state's licensing department.

  • June 11, 2026

    Tech Group Urges High Court To Block Texas App Store Law

    The Computer & Communications Industry Association on Thursday asked the U.S. Supreme Court to vacate a recent Fifth Circuit ruling permitting Texas to move forward with a law requiring app store owners to verify users' ages, arguing the law is unconstitutional and overly burdensome for its members.

  • June 11, 2026

    Meta Beats Investors' Suit Over AI-Powered Facebook Scams

    A California federal judge tossed a proposed class action alleging that Meta's AI tools enabled investment schemes advertised on Facebook, finding Thursday that his own earlier ruling means that the plaintiffs' state claims are barred under federal securities law.

  • June 11, 2026

    Ex-CEO Seeks To Again Depose Lutnick In Trump Media Suit

    The former CEO of a company that merged with President Donald Trump's Truth Social platform urged a Florida state court on Thursday to again allow him to depose U.S. Secretary of Commerce Howard Lutnick, arguing his testimony is highly relevant to the lawsuit over a botched public offering.

  • June 11, 2026

    Gibson Dunn, Davis Polk Launch SpaceX's Record $75B IPO

    Elon Musk's SpaceX on Thursday priced a $75 billion initial public offering at its designated price range, represented by Gibson Dunn & Crutcher LLP and underwriters' counsel Davis Polk & Wardwell LLP, marking the largest IPO in history.

  • June 11, 2026

    OpenAI Says High Court Curbed Some News Org IP Claims

    OpenAI told a New York federal judge Thursday that the U.S. Supreme Court's recent Cox v. Sony decision bars a contributory infringement claim brought by four news companies accusing the artificial intelligence company of using their copyrighted materials to train ChatGPT, saying the high court's ruling eliminates the legal theory on which the plaintiffs rely.

  • June 11, 2026

    Guess Investors Claim Take-Private Deal Skirts Reforms

    Guess Inc. investors have hit the luxury apparel company's top brass with a putative securities class action in Delaware Chancery Court, alleging the company's take-private sale to Authentic Brands Group LLC unfairly cashed out public investors to benefit executives and circumvented governance reforms imposed to curb co-founder Paul Marciano's alleged sexual misconduct.

  • June 11, 2026

    Texas Biz Court Lets Southwest Pilots Redo Boeing Claims

    A Texas business court judge said the Southwest Airlines pilots union could continue its suit against The Boeing Co. for alleged economic losses resulting from the grounding of the 737 Max aircraft, but told the union it would have to better articulate the harm Boeing caused.

  • June 11, 2026

    Workers Hit Chiron Financial With Unpaid Wage Suit

    Chiron Financial didn't pay 17 of its workers when it was having money trouble, a proposed class action in Texas federal court alleges, seeking to recoup the money that the workers say they're owed.

  • June 11, 2026

    9th Circ. Fears Unknowns In Amazon's Fight With Perplexity AI

    A Ninth Circuit panelist expressed concern Thursday about potential "unintended consequences" of affirming a lower court order blocking Perplexity's artificial intelligence tool from purchasing items for users on Amazon.com, noting that Amazon's case relies on a decades-old computer fraud law passed long before the proliferation of AI.

  • June 11, 2026

    Bank, Crypto Groups Seek Limits In Stablecoin AML Regs

    Industry groups and firms in the financial and crypto sectors have called for further clarification, flexibility and safe harbors in rules recently proposed by regulators with the U.S. Department of the Treasury for implementing the anti-money laundering and sanctions compliance program requirements of the federal stablecoin framework known as the Genius Act.

  • June 11, 2026

    Sports Prediction Co. Wins CFTC OK To Launch Event Market

    Sports prediction company ProphetX on Thursday received approval from the U.S. Commodity Futures Trading Commission to register as a federally regulated prediction market exchange focused on sports-based event contracts, becoming the first American sports-native, direct-clearing prediction market to launch and operate in full compliance with federal law.

  • June 11, 2026

    AbbVie Loses Colorado 340B Drug Pricing Law Challenge

    A Colorado federal judge on Wednesday dismissed all of AbbVie Inc.'s claims against the state over its federal 340B drug pricing law, finding that the Colorado law isn't federally preempted and courts across the country have settled the issue.

  • June 11, 2026

    Corteva Strikes $85M Deal In Farmer Pesticide Antitrust MDL

    A group of farmers have asked a North Carolina federal judge to preliminarily approve an $85 million settlement with Corteva Inc. to resolve antitrust claims that the company used loyalty rebate programs to artificially extend their patent monopolies over certain pesticides. 

  • June 11, 2026

    Another GOP Nominee For SEC Could Violate Law, Dems Say

    Senate Banking Committee Democrats are warning the White House not to put another Republican on the U.S. Securities and Exchange Commission without also naming a Democrat, saying it would violate a federal mandate for partisan balance.

  • June 11, 2026

    Shell Says Enviro Group Can't Delay Handing Over AI Prompts

    Shell Oil told a Connecticut federal judge Wednesday an environmental advocacy group can't delay turning over artificial intelligence prompts its expert witness might've used to craft her opinions in their Clean Water Act dispute and the generated outputs, arguing that "AI is not entitled to any special, unwritten discovery rules."

  • June 11, 2026

    Fla. Justices Lower Bar For Ex-Marvel CEO's Damages Bid

    The Florida Supreme Court ruled that the former CEO of Marvel Entertainment doesn't need to show "clear and convincing" evidence to add a punitive damages claim against his neighbor, saying Thursday the lower court doesn't act as a trier of fact at the pleading stage of a lawsuit. 

  • June 11, 2026

    SEC Proposes Rescinding Trade-Through Rule

    The U.S. Securities and Exchange Commission on Thursday proposed rescinding its rule preventing exchanges from executing trades at lower prices than the best displayed price available on other exchanges, with SEC Chairman Paul Atkins calling the measure "a grave misstep."

  • June 11, 2026

    Mich. Judge Denies Law Firm's Bid To Toss Data Breach Suit

    A Michigan law firm's bid to toss a proposed class action alleging that it allowed a cybersecurity breach that exposed its clients' personal and medical information was denied Thursday by a federal judge who also granted the lead plaintiff's request to amend his complaint.

Expert Analysis

  • DOJ's Stance On Antitrust And Patent Law Reflects Balance

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    Recent statements of interest in patent litigation and a speech from a key U.S. Department of Justice official communicate the view that strong patent rights and competition policy are complementary, and offer important guidance for intellectual property practitioners and businesses navigating patent enforcement, standard‑setting and licensing, say attorneys at Wiley.

  • Ruling Shows How Texas Law Altered Derivative Suit Outlook

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    In the first test of S.B. 29's new ownership threshold requirement for shareholder actions, a Texas federal court recently dismissed Gusinsky v. Reynolds, a derivative action brought by a minority Southwest Airlines shareholder, offering key guidance for navigating the new Texas corporate litigation landscape, say attorneys at DLA Piper.

  • 2 AI Snafus Show Why Attys Can't Outsource Judgment

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    The recent incident involving Sullivan & Cromwell where citations in a filed motion were fabricated by artificial intelligence, as well as a punitive ruling from the Sixth Circuit in U.S. v. Farris, demonstrate that the obligation to supervise AI has belonged and always will belong to lawyers, says John Powell at the Kentucky School Boards Association.

  • How Data Center Accounting May Draw Enforcement Scrutiny

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    As public and media scrutiny of the data center industry intensifies, regulators, enforcement authorities and Congress will likely focus on accounting judgments that rely on aggressive assumptions, opaque financing structures or rapidly evolving collateral classes, heightening the risk of investigations and inquiries, say attorneys at King & Spalding.

  • NY's Growing Enviro Reg Framework Will Transform Projects

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    Three closely connected environmental rulemakings in New York state — concerning greenhouse gas reporting, remediation standards and amendments to the State Environmental Quality Review Act — have reached critical stages, and taken together, they will have major impacts on business operations, construction project timelines and transactional risk, say attorneys at Holland & Knight.

  • How 'Spillover' Effects Can Skew AI Securities Class Actions

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    Event study evidence is often central in securities litigation at class certification and beyond, but in an environment where earnings forecasts and statements can have spillover market implications, particularly when concerning artificial intelligence, the task of parsing out the price impact of news requires careful consideration, say Erik Johannesson, Olivia Wurgaft and Nguyet Nguyen at Brattle Group.

  • Series

    Playing Magic: The Gathering Makes Me A Better Lawyer

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    The competitive card game Magic: The Gathering offers me a training ground for the strategic thinking skills crucial to litigation, challenging me to adapt to oft-updated rules, analyze text as complicated as any statute and anticipate my opponent’s next moves, says Christopher Smith at Lash Goldberg.

  • Why The Wells Process Is No Longer A One-Sided Exercise

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    The U.S. Securities and Exchange Commission's recently revamped Enforcement Manual rewrites the informational asymmetry that has defined SEC defense for decades, providing counsel with several new strategies to produce better submissions, give better advice and achieve better outcomes, says Ashwin Ram at Buchalter.

  • Improving Well-Being In Law, 10 Years After Landmark Study

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    An important 2016 study revealed significant substance abuse and mental health issues among lawyers, and while the findings helped normalize the conversation around these topics, a decade later, structural change is still needed, says Denise Robinson at PLI.

  • How To Gear Up For Trump's Pharma Tariffs

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    President Donald Trump's proclamation establishing tariffs on certain pharmaceutical products holds a few areas of ambiguity that companies should review and prepare for before the tariffs come into effect later this year, say attorneys at Arnold & Porter.

  • Mapping Bank Exec Clawback Risk Ahead Of Revived Bill

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    The reintroduction of the Failed Bank Executives Clawback Act would allow recovery of executive compensation after bank failures, making it important for executives and counsel to take steps such as mapping compensation, reviewing employment agreements, documenting decisions, and confirming D&O insurance, says Drew Jones at Diamond McCarthy.

  • Structuring Internal Investigations For DOJ Disclosure Credit

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    Because the Justice Department’s new enforcement program requires cooperating companies to demonstrate they have conducted high-quality investigations before they can receive the benefits of self-disclosing misconduct, it is more important than ever to build independence into internal investigations from the outset, says Adesola Makoko.

  • 8 Reasons To Consider Maryland As A 'DExit' Option

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    While Nevada and Texas have garnered the most attention as alternative states of incorporation for companies considering leaving Delaware, Maryland offers considerable benefits too, including a predictable statutory framework, robust anti-takeover protections, sophisticated business courts with decades of experience, and more, say attorneys at Miles & Stockbridge.

  • Initial Virginia AG Actions Signal Focus On Multistate Efforts

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    Now that Virginia Attorney General Jay Jones has reached the 100-day mark in office, his first set of actions reveals a clear preference for coalition with regional and national counterparts, which means the primary risk for businesses is no longer just the fact of enforcement, but the speed at which investigations can escalate, says Lauren Cooper at Hogan Lovells.

  • Mapping Philly US Atty's White Collar Enforcement Push

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    Attorneys at Blank Rome discuss the U.S. Attorney for the Eastern District of Pennsylvania David Metcalf’s commitments and priorities, survey early results from his first year, and suggest practical action items for companies operating under the office's jurisdiction.

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