Corporate

  • November 22, 2024

    High Court Quietly Pulls Meta Case Without A Ruling

    The U.S. Supreme Court on Friday set aside a Meta Platforms Inc. case that sought to narrow the types of risk disclosures corporations need to make to investors, saying that the court shouldn't have taken up the case in the first place.

  • November 22, 2024

    Ex-Invenergy Atty Joins McDermott's Energy Team In DC

    McDermott Will & Emery LLP announced Friday its Washington, D.C., office has brought on an in-house renewable energy and taxation expert with more than a decade of experience to further help the firm's clients utilize energy transition tax credits available in the Inflation Reduction Act.

  • November 21, 2024

    Citibank Says Bankers Took Info On Its Atty Clients To Rival

    Citibank NA on Wednesday accused two of its former bankers of jumping ship to instead work for competitor Bank of Montreal — and with confidential information regarding Citibank law firm and attorney clients, according to a suit filed in California federal court.

  • November 21, 2024

    Snap Moves To Toss New Mexico's Child 'Sextortion' Suit

    Snap Inc. has moved to toss New Mexico's lawsuit accusing it of enabling child sexual exploitation on its instant messaging app, Snapchat, telling a New Mexico state court that the state's attorney general lodged a "sensationalist" lawsuit rife with patently false allegations.

  • November 21, 2024

    Dorsey's Fintech Co. Beats Investor's Cash App Suit, For Now

    Jack Dorsey's Block Inc. convinced a California federal judge Wednesday to toss a securities lawsuit alleging the company painted a rosier-than-reality picture of its Cash App and failed to explain why former U.S. Secretary of the Treasury Larry Summers resigned from its board, but the investor will get a chance to rework the complaint.

  • November 21, 2024

    SEC Denied Civil Penalties Over Pot Pill Exec's 'Inexperience'

    The SEC will score $86,000 in disgorgement and interest from a former executive of C3 International Inc. for falsely claiming the company's cannabis pill was projected to generate millions of dollars in revenue, but the court found the defendant's conduct did not warrant the civil penalty the agency requested.

  • November 21, 2024

    Social Media MDL Judge Rips State Attys Defying Orders

    A California federal magistrate judge overseeing discovery in multidistrict litigation over social media platforms' allegedly addictive designs on Thursday ordered states to provide the names and state bar numbers of agency counsel who have refused to comply with discovery orders, threatening sanctions and asking, "What happened to the rule of law?"

  • November 21, 2024

    Boehringer Trial Over Zantac's Cancer Link Ends In Mistrial

    A California state judge declared a mistrial Thursday, ending a monthslong trial over product liability claims by a bladder cancer survivor who alleges Boehringer Ingelheim Pharmaceuticals Inc. failed to disclose cancer risks associated with the company's Zantac heartburn medication, according to the plaintiff's counsel.

  • November 21, 2024

    Ex-Google Engineer Ordered To Stop Posting Pixel Secrets

    A former Google engineer must immediately cease publishing confidential company information and remove social media posts that reveal Pixel device trade secrets, a Texas federal judge ruled Wednesday, after the tech giant sought an emergency restraining order on allegations its former employee is continuing to "maliciously" leak internal files.

  • November 21, 2024

    Key Informant Who Recorded Madigan Takes The Stand

    A former Chicago alderman who prosecutors have deemed one of their "most significant cooperators in the last several decades" took the stand Thursday afternoon and began what is expected to be multiple days of testimony in the racketeering trial of ex-Illinois House Speaker Michael Madigan, whom he secretly recorded while working with the government.

  • November 21, 2024

    Tempur Gave UK Co. 'Total Autonomy' Post-Merger, CEO Says

    The CEO of a United Kingdom-based mattress company acquired by Tempur Sealy in 2021 told a Houston federal judge Thursday that his new parent company has provided him "total autonomy" since the acquisition.

  • November 21, 2024

    DOJ Search Fixes Would Remake Google, Break Off Chrome

    To give rival search engines a fighting chance against Google's illegal monopoly and its massive data and structural advantages, the Justice Department asked a D.C. federal judge Wednesday for sweeping changes that would divest the Chrome browser, open up Android devices and guarantee access to underlying search data.

  • November 21, 2024

    Trump Selects Ex-Fla. AG Pam Bondi As New AG Pick

    President-elect Donald Trump announced Thursday that he has selected Pam Bondi, a former attorney general of Florida, as his new pick for U.S. attorney general, just hours after former U.S. Rep. Matt Gaetz withdrew his name from consideration amid allegations of sexual misconduct and drug use.

  • November 21, 2024

    EPA Floats New Draft Framework On Cumulative Impacts

    The U.S. Environmental Protection Agency on Thursday further fleshed out exactly what it means when it tells its employees to consider the "cumulative impacts" of pollution on particular communities.

  • November 21, 2024

    Unions, ACLU Throw Weight Behind EEOC Bostock Guidance

    The AFL-CIO, SEIU, American Civil Liberties Union, and several business groups and nonprofits have urged a Texas federal court not to scrap U.S. Equal Employment Opportunity Commission guidance interpreting the U.S. Supreme Court's Bostock decision, arguing the guidelines provide critical advice on preventing workplace harassment.

  • November 21, 2024

    'Where Were You?': Judge Irked By Feds In $2B Fraud Case 

    A North Carolina magistrate judge said Thursday he was "appalled" by a system that left a convicted insurance mogul unable to communicate with his attorneys while he sat in a county jail for nearly a week following his guilty plea to a $2 billion fraud and money laundering scheme.

  • November 21, 2024

    Legal Fee Suit Widens Paragon Tech Control Fight In Del.

    A running feud at the top of publicly traded investment company Paragon Technologies Inc. widened Thursday with a former CEO's filing of a Delaware Court of Chancery suit for company-paid legal fees prompted by the ex-CEO's ouster, a board investigation and other recent developments.

  • November 21, 2024

    Nurse Staffing Exec Can't Trim Fraud Charge In Antitrust Case

    A Nevada federal court has refused to dismiss fraud charges against a home healthcare staffing executive accused of fixing nurses' wages and hiding a probe of the scheme when selling the business, and also refused to exclude statements the executive made during an FBI interview.

  • November 21, 2024

    Dentons Atty Owed No Duty In $54M Currency Deal, Jury Says

    A Florida state court jury found Thursday that a former Dentons US LLP attorney didn't intentionally make a false statement or commit malpractice in a failed $54 million dollars-to-bolivares currency swap in which a Venezuelan lawyer lost millions of dollars.

  • November 21, 2024

    IBM Told Execs 'Discriminate Or Lose Your Job,' Worker Says

    IBM rewarded executives for meeting diversity goals and threatened them with punishment for failing to do so, essentially telling them to "discriminate or lose your job," a white male consultant who was terminated alleged in a suit filed in Michigan federal court on Wednesday.

  • November 21, 2024

    NY Hospital GC Accuses State Of Mishandling Medicaid Funds

    The general counsel of Nassau University Medical Center, who is also serving as interim president and CEO, is leading the Long Island hospital into a legal battle with the state of New York over $1 billion in federal Medicaid funds.

  • November 21, 2024

    Suit Against Mortgage Co. Axed Despite Atty's Bad Faith Claim

    A Texas state court judge has dismissed for good an attorney's lawsuit against the mortgage company she formerly worked for in-house, despite a dispute over whether the matter should have ended with or without prejudice.

  • November 21, 2024

    Senate Approves Honeywell GC For Arizona Judge Seat

    The Senate voted 82-12 on Thursday to confirm Sharad H. Desai, a vice president and general counsel for Honeywell International, for a seat on the U.S. District Court for the District of Arizona.

  • November 21, 2024

    New SEC 'Dealer' Rule Tossed In Win For Hedge Funds, Crypto

    A Texas federal judge on Thursday overturned a U.S. Securities and Exchange Commission rule that expanded the definition of "dealer" to include proprietary trading firms, some hedge funds and crypto firms, saying the agency overstepped its authority when it adopted the rule.

  • November 21, 2024

    SEC Chair Gensler To Step Down When Trump Takes Office

    U.S. Securities and Exchange Commission Chair Gary Gensler said Thursday that he will be leaving the agency on Jan. 20, clearing the way for new leadership under an incoming Trump administration that is expected to dismantle Gensler's climate disclosure regulation and open the SEC's door to more crypto-friendly policies.

Expert Analysis

  • Comparing Antitrust Outlooks Amid Google Remedy Review

    Author Photo

    As the U.S. Justice Department mulls potential structural remedies after winning its recent case against Google, increased global scrutiny of Big Tech leaves ex post and ex ante antitrust approaches ripe for evaluation, say Nishant Chadha at the Indian School of Business and Manisha Goel at Pomona College.

  • SEC Rulemaking Radar: The View From Election Day

    Author Photo

    The U.S. Securities and Exchange Commission seems poised to tackle many of the remaining items on its most recent Regulatory Flexibility Agenda by early 2025, despite the presidential election and the potential for a new chair to be nominated soon, say attorneys at Goodwin.

  • How The Presidential Election Will Affect Workplace AI Regs

    Author Photo

    The U.S. has so far adopted a light-handed approach to regulating artificial intelligence in the labor and employment area, but the presidential election is unlikely to have as dramatic of an effect on AI regulations as it may on other labor and employment matters, say attorneys at Littler.

  • A Look At Grewal's Record-Breaking Legacy After SEC Exit

    Author Photo

    Gurbir Grewal resigned as director of the U.S. Securities and Exchange Commission's Division of Enforcement last month after more than three years on the job, leaving behind a legacy marked by record numbers of penalties and enforcement actions, as well as mixed results in aggressive lawsuits against major crypto players, say attorneys at Debevoise.

  • Striking A Balance Between AI Use And Attorney Well-Being

    Author Photo

    As the legal industry increasingly adopts generative artificial intelligence tools to boost efficiency, leaders must note the hidden costs of increased productivity, and work to protect attorneys’ well-being while unlocking AI’s full potential, says Ed Sohn at Factor.

  • A Novel Expansion Of Alien Tort Statute In 9th Circ.

    Author Photo

    The Ninth Circuit's Doe v. Cisco rehearing denial allows a new invocation of the Alien Tort Statute to proceed, which could capture the U.S. Supreme Court's attention, and has potentially dramatic consequences for U.S. companies doing business with foreign governments, say attorneys at Ropes & Gray.

  • Empathy In Mediation Offers A Soft Landing For Disputes

    Author Photo

    Experiencing a crash-landing on a recent flight underscored to me how much difference empathy makes in times of crisis or stress, including during mediation, says Eydith Kaufman at Alternative Resolution Centers.

  • Series

    Being An Artist Makes Me A Better Lawyer

    Author Photo

    My work as an artist has highlighted how using creativity and precision together — qualities that are equally essential in both art and law — not only improves outcomes, but also leads to more innovative and thoughtful work, says Sarah La Pearl at Segal McCambridge.

  • How Judiciary Can Minimize AI Risks In Secondary Sources

    Author Photo

    Because courts’ standing orders on generative artificial intelligence and other safeguards do not address the risk of hallucinations in secondary source materials, the judiciary should consider enlisting legal publishers and database hosts to protect against AI-generated inaccuracies, say attorneys at Lankler Siffert & Wohl.

  • 3 Steps For Companies To Combat Task Scams

    Author Photo

    On the rise in the U.S., the task scam — when scammers offer a victim a fake work-from-home job — hurts impersonated businesses by tarnishing their name and brand, but companies have a few ways to fight back against these cons, says Chris Wlach at Huge.

  • Nvidia Case's Potential Impact On Securities Class Actions

    Author Photo

    In Nvidia v. Ohman Fonder, the U.S. Supreme Court could strip lower courts of their long-standing ability and obligation to holistically weigh all relevant facts supporting plaintiffs' allegations of securities fraud, which would have a wide-ranging impact on securities fraud class actions in the U.S., say attorneys at Labaton Keller.

  • How Attorneys Can Break Free From Career Enmeshment

    Author Photo

    Ambitious attorneys can sometimes experience career enmeshment — when your sense of self-worth becomes unhealthily tangled up in your legal vocation — but taking the time to discover and realign with your core personal values can help you recover your identity, says Janna Koretz at Azimuth Psychological.

  • Short-Seller Implications Of 10th Circ.'s Overstock Decision

    Author Photo

    The Tenth Circuit's Oct. 15 decision in Overstock Securities Litigation provides clarity on the pleading standard for a market manipulation claim under the Exchange Act, and suggests that short sellers might not be able to rely on the fraud-on-the-market presumption typically invoked by securities plaintiffs, say attorneys at Paul Weiss.

  • Lawyers With Disabilities Are Seeking Equity, Not Pity

    Author Photo

    Attorneys living with disabilities face extra challenges — including the need for special accommodations, the fear of stigmatization and the risk of being tokenized — but if given equitable opportunities, they can still rise to the top of their field, says Kate Reder Sheikh, a former attorney and legal recruiter at Major Lindsey & Africa.

  • Crypto.com's Suit Against SEC Could Hold Major Implications

    Author Photo

    Crypto.com's recent lawsuit against the U.S. Securities and Exchange Commission could affect the operation and regulation of crypto markets in the U.S., potentially raising more questions about the SEC's authority to regulate the industry when it's unclear whether another agency is ready to assume it, say attorneys at McGuireWoods.

Want to publish in Law360?


Submit an idea

Have a news tip?


Contact us here
Can't find the article you're looking for? Click here to search the Corporate archive.
Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!