Terraform Labs creator Do Kwon appeared Thursday before a Manhattan federal judge to deny charges that he orchestrated a $40 billion fraud on customers and investors who backed the cryptocurrency platform based on promises that it had real-world viability.
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SUNDAY, JANUARY 5, 2025 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

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Terraform Founder Arraigned In NY, Denies $40B Crypto Fraud

By Pete Brush

Terraform Labs creator Do Kwon appeared Thursday before a Manhattan federal judge to deny charges that he orchestrated a $40 billion fraud on customers and investors who backed the cryptocurrency platform based on promises that it had real-world viability.

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Celsius To Challenge $445M Claim Denial In FTX Bankruptcy

By Rick Archer

Celsius Network's post-Chapter 11 plan counsel filed an appeal on Thursday of a Delaware bankruptcy judge's denial of the cryptocurrency network's amended $444.6 million claim against fellow bankrupt crypto platform FTX.

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Beasley Allen Aims To Toss Suit From Ex-Ally Firm

By Emily Sawicki

Beasley Allen has called on a Mississippi federal court to dismiss or transfer a defamation and breach of contract lawsuit from The Smith Law Firm PLLC over their joint venture agreement for talc litigation against Johnson & Johnson, arguing the case should be tossed in favor of its own suit filed earlier in Alabama.

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CHAPTER 11

'Crush-Resistant' OxyContin Patents Fail At Fed. Circ.

By Andrew Karpan

In one of its last major moves in 2024, the Federal Circuit decided to reject an appeal from the bankrupt maker of OxyContin, which is trying to use patent laws to block the release of a competing "crush-resistant" generic painkiller.

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CHAPTER 9

Bankrupt Pa. City Must Remit Casino Revenue, County Argues

By P.J. D'Annunzio

Pennsylvania's Delaware County has asked the Third Circuit to undo a bankruptcy court's ruling that the financially ailing city of Chester is excused from paying the county revenue from gambling taxes because of the city's Chapter 9 proceedings, despite an ordinance mandating that the county get a cut of the money.

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EXPERT ANALYSIS

Series

Playing Esports Makes Me A Better Lawyer

Competing in a global esports tournament at Wimbledon last year not only fulfilled my childhood dream, but also sharpened skills that are essential to my day job, including strategic thinking, confidence and networking, says AJ Schuyler at Jackson Lewis.

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LEGAL INDUSTRY

Bonus Spotlight

Holland & Knight Matches BigLaw Bonuses In Major Markets

By Anna Sanders

Holland & Knight LLP announced associates in major U.S. markets will receive year-end and special bonuses matching those given by other BigLaw firms, with attorneys working in regional offices making smaller figures, according to a report.

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Biden Honors Del. Jurist For Role In Brown V. Board Ruling

By Jeff Montgomery

President Joe Biden issued a top civilian award, posthumously, to former Chancellor Collins J. Seitz of Delaware Chancery Court, father of the state's current chief justice, for his role in decisions woven into the U.S. Supreme Court's landmark 1954 Brown v. Board of Education ruling.

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Clyde & Co. Merges With Dallas Insurance Boutique

By Emily Sawicki

Clyde & Co. LLP has announced a merger with Dallas boutique Tillman Batchelor LLP, expanding the global law firm's insurance capabilities in Texas amid its ongoing growth in North America.

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Taft Hired BCLP Comms Director Ahead Of Merger

By Andrea Keckley

Once its merger with Sherman & Howard LLC became effective at the start of the new year, Taft Stettinius & Hollister LLP announced Thursday it had hired Bryan Cave Leighton Paisner's former director of communications.

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AI Chatbots Will Transform Legal Scholarship, AI Chatbot Says

By Matt Perez

Generative artificial intelligence like OpenAI's ChatGPT software will redefine legal scholarship, according to a new paper primarily produced by the chatbot.

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States Debate High Court Solution To Election Map Catch-22

By Katie Buehler

Louisiana has implored the U.S. Supreme Court to decisively resolve litigation over its federal election map in one of three ways, suggesting the justices could toss the case on standing, decide the merits, or, preferably, find that federal courts have no role in refereeing redistricting disputes.

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Ex-GMU Prof.'s Accusers Say He Can't Prove $108M Damages

By Aebra Coe

Former FTC Commissioner Joshua Wright allegedly failed to provide information to back his $108 million defamation damages claim and then walked out of a deposition, according to a Virginia court filing by two former students whom Wright sued over their statements to Law360.

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Atty Wants Free Speech Suit Over Tenn. Court Rule Kept Alive

By Jack Karp

A free speech challenge to a Middle District of Tennessee rule barring attorneys from making "any extrajudicial statements" about cases in the district should be allowed to move forward since the court is not entitled to sovereign immunity, according to the Nashville civil rights lawyer behind the suit.

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Giuliani Says Memory Faulty In Meandering NY Contempt Row

By Pete Brush

A Manhattan federal judge mulled a bid to hold Rudy Giuliani in contempt of a $148 million defamation judgment Friday, during a day of sparring in which the former New York City mayor repeatedly told counsel for two defamed Georgia poll workers that he doesn't remember case details.

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Battling Berts: Judge Enjoins Ga. Law Firm In Trademark Row

By Kelcey Caulder

A Georgia federal judge Friday temporarily barred an Atlanta-based law firm from advertising and promoting its personal injury legal services through messaging like "If You're Hurt ... Call Bert!" and "If You're Hurt, Call Bert," ruling that it is too similar to another personal injury firm's trademarked slogan.

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GC Cheat Sheet: The Hottest Corporate News Of The Week

By Sue Reisinger

How to deal with diversity, climate change and artificial intelligence are the key issues giving general counsel night terrors at the start of the new year. And in Delaware, the Chancery Court is allowing a stockholder suit to move forward against Fox Corp., related to its false reports of voting fraud in 2020.

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UK Litigation Roundup: Here's What You Missed In London

By Laura Stewart Liberty

This past week in London has seen Chris Eubank Jr. hit with a libel claim from a boxing promoter, a perfume boss face proceedings from his businesses following sanctions violations claims, and Israeli broadcasters file intellectual property claims against BT and Sky. Here, Law360 looks at these and other new claims in the U.K.

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LAW FIRMS IN TODAY'S NEWS

Beale & Co. Solicitors

Beasley Allen

Bert Brock Law

Binnall Law Group

Bird & Bird

Brabners LLP

Brunini Grantham

Bryan Cave

Clark Hill

Clyde & Co

Cole Schotz

DLA Piper

DWF LLP

Dentons

DuBose Miller

Eversheds Sutherland

Freshfields

Goodwin Procter

Graves Garrett

Gray Cary

Hancock Daniel

Hangley Aronchick

Harrison LLP

Hill Dickinson

Hirschler

Hogan Lovells

Holland & Knight

Irwin Mitchell

Jackson Lewis PC

Jenner & Block

Jones Day

Katten Muchin

Keoghs LLP

Keystone Law

Kirkland & Ellis

Landis Rath

Latham & Watkins

Lewis Silkin

Massumi & Consoli

McAndrews Held

McDermott Will & Emery

Milbank LLP

Mullin Hoard

Neal Gerber

Norton Rose

Parnall Law Firm

Paul Weiss

Peacock Law PC

Penningtons Manches

Perkins Coie

Pinsent Masons

Porter Malouf

Potomac Law Group

Pryor Cashman

Quainton Law

Quicker Law LLC

Roythornes Solicitors

Sedgwick LLP

Seyfarth Shaw

Simmons & Simmons

Smith Kane Holman

Sullivan & Cromwell

Taft Stettinius

Trowers & Hamlins

Vasseghi Law

White & Case

Willkie Farr

COMPANIES IN TODAY'S NEWS

ARK Investment Management LLC

Amazon.com Inc.

American Civil Liberties Union

American Civil Liberties Union of Louisiana

Anthropic PBC

Apple Inc.

Aspen Insurance Holdings Ltd.

Chevron Corp.

CoreCivic Inc.

Digital River Inc.

DuckDuckGo Inc.

EE Ltd.

ESPN Inc.

Ecolab Inc.

Emirates NBD Bank PJSC

Exceed Company Ltd.

Fox Corp.

Google LLC

Institute for Justice

Intas Pharmaceuticals Ltd.

Johnson & Johnson

LG Electronics Inc.

LinkedIn Corp.

Microsoft Corp.

Mozilla Corp.

NAACP Legal Defense & Educational Fund Inc.

National Association for the Advancement of Colored People

National Congress of American Indians

New Civil Liberties Alliance

Public Joint Stock Co. Gazprom

Purdue Pharma LP

ROSS Intelligence

Samsung Electronics Co. Ltd.

Social Science Research Network

TUI AG

Talktalk Telecom Group PLC

Tesla Inc.

The Conference Board Inc.

The Lawyers' Committee for Civil Rights Under Law

The New York Times Co.

Thomson Reuters Corp.

Virgin Media Inc.

Walmart Inc.

Weber Shandwick Worldwide Inc.

Willis Towers Watson PLC

GOVERNMENT AGENCIES IN TODAY'S NEWS

Delaware Court of Chancery

Equal Employment Opportunity Commission

Executive Office of the President

Federal Bureau of Investigation

Federal Trade Commission

Food and Drug Administration

Georgia Supreme Court

U.S. Attorney's Office for the Southern District of New York

U.S. Attorney's Office for the Western District of Kentucky

U.S. Bankruptcy Court for the District of Delaware

U.S. Court of Appeals for the Federal Circuit

U.S. Court of Appeals for the Third Circuit

U.S. Department of Justice

U.S. District Court for the District of Columbia

U.S. District Court for the District of Delaware

U.S. District Court for the Middle District of Louisiana

U.S. District Court for the Middle District of Tennessee

U.S. District Court for the Northern District of Georgia

U.S. District Court for the Southern District of Mississippi

U.S. District Court for the Southern District of New York

U.S. District Court for the Western District of Louisiana

U.S. House of Representatives

U.S. Patent and Trademark Office

U.S. Securities and Exchange Commission

U.S. Senate

U.S. Supreme Court

UK High Court