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TOP NEWS
Feature
Exxon Cements Texas As Delaware's Emerging Rival
By Spencer Brewer
Last year, Vinson & Elkins partner Katherine Frank fielded about one call a week from companies thinking about redomiciling in Texas. Speaking to Law360 the day after ExxonMobil announced its plan to reincorporate in the Lone Star State due to its business-forward courts and policies, Frank said the callers fell into three categories.
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17 States Fight 'Unprecedented' WH Admissions Data Demand
By Julie Manganis
A coalition of more than a dozen states led by Massachusetts asked a federal judge Wednesday to block enforcement of a new Trump administration requirement to retroactively report detailed data on sex and race in college admissions, saying the survey was hastily implemented and rife with issues that expose schools to potential liability.
Complaint attached |
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SECURITIES & BANKING
FINTECH
ENERGY & ENVIRONMENTAL
Del. High Court Upholds Pioneer Win In $60B Exxon Deal Fight
By Jarek Rutz
The Delaware Supreme Court on Wednesday affirmed a lower court ruling denying a union pension fund's request for additional internal communications related to the roughly $60 billion merger between Pioneer Natural Resources Co. and ExxonMobil Corp., concluding that the Delaware Chancery Court correctly rejected the stockholder's bid to obtain more emails and text messages from the company's former chief executive.
Order attached |
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REAL ESTATE
GOV'T CONTRACTS
Advocacy Group Asks Ill. Judge To Block Trump DEI Orders
By Celeste Bott
Counsel for an advocacy group supporting human trafficking survivors urged an Illinois federal judge Wednesday to block two of President Donald Trump's executive orders restricting federal diversity, equity and inclusion initiatives, arguing that the coalition has been forced to censor its speech for fear of losing Department of Justice grants it needs to operate.
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HEALTHCARE & LIFE SCIENCES
MEDIA & ENTERTAINMENT
TRANSPORTATION
INSURANCE
CONSUMER PROTECTION & PRODUCT LIABILITY
Uber Must Fork Over Internal Docs In FTC Subscription Fight
By Dorothy Atkins
A California magistrate judge ordered Uber to produce numerous internal documents to the Federal Trade Commission on Wednesday in litigation accusing the ride-share giant of enrolling consumers into its paid subscription service without consent, after the FTC accused the company of stonewalling discovery and producing only 72 documents totaling 179 pages.
Brief attached |
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TELECOMMUNICATIONS
Md. Gov't Agencies Oppose Talkie's FCC Preemption Bid
By Nadia Dreid
A Maryland-based internet service provider was not up front with the Federal Communications Commission about the details surrounding a permitting dispute when it came to the agency to ask it to preempt local regulations and allow it to move forward with a new utility pole and attachments without them, an Old Line State county says.
3 documents attached |
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TAX
PEOPLE
EXPERT ANALYSIS
AG Watch: Ohio Targets DEI Policies
As Ohio Attorney General Dave Yost seeks to eliminate diversity, equity and inclusion programs in both public education institutions and private companies, Ohio entities must carefully navigate this constantly evolving, highly contentious topic to avoid litigation while also not forfeiting their core principles, say attorneys at BakerHostetler.
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Del. Coinbase Outcome May Have Been Different In Texas
The Delaware Court of Chancery's recent decision in Grabski v. Andreessen, finding that a member of the Coinbase special litigation committee was not independent, provides guidance for Delaware boards regarding the formation, composition and operation of SLCs, while offering a counterpoint to the procedures available to Texas-incorporated companies, says John Lawrence at Baker Botts.
Opinion attached |
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Why The NCUA's Stablecoin Moment Matters
The National Credit Union Administration, a historically conservative federal agency, recently proposed a detailed stablecoin licensing framework, confirming that the proposition of building a regulatory architecture within the banking industry has moved well past "whether" and firmly into "how," says Stephen Aschettino at Fox Rothschild.
Proposed Rule attached |
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LEGAL INDUSTRY
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