A Connecticut judge has approved a modified moratorium that protects PHL Variable Insurance Co. and two subsidiaries during a state rehabilitation, agreeing to a plan that could reduce universal life death benefits by $4.1 billion while allowing policyholders the option to avoid paying $175 million in estimated total premiums.
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THURSDAY, DECEMBER 4, 2025 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

Judge Eases $4.1B Liability For Insurer In Conn. Rehab Plan

By Aaron Keller

A Connecticut judge has approved a modified moratorium that protects PHL Variable Insurance Co. and two subsidiaries during a state rehabilitation, agreeing to a plan that could reduce universal life death benefits by $4.1 billion while allowing policyholders the option to avoid paying $175 million in estimated total premiums.

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Split Conn. High Court Backs Town In Police Pension Row

By Brian Steele

The Connecticut Supreme Court ruled Wednesday that the town of Groton isn't required to make health savings account contributions in order to offset deductibles owed by retired police officers, reasoning that HSA contributions don't qualify as insurance coverage or deductibles under the parties' pension agreement.

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DOJ Revives Bid To Toss Law Firm's Worker Credits Suit

By Anna Scott Farrell

The U.S. Department of Justice revived its bid to toss most of a boutique law firm's complaint for not processing its claims for pandemic-era tax credits after settlement negotiations with the firm failed, according to Connecticut federal court documents.

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Worker Says Metal Supplier Owes For Unpaid Meeting Time

By Brian Steele

A specialty metals supplier regularly forces warehouse employees to participate in meetings when they are supposed to be on breaks, depriving them of money they're owed and reducing their potential overtime pay, according to a proposed collective and class action filed Wednesday in the Northern District of Ohio.

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BANKRUPTCY

Firms Seek End To Ch. 7 Creditor's Malpractice Suit

By Emlyn Cameron

Two law firms have urged a Connecticut state court to dismiss a lawsuit brought by a creditor in a Chapter 7 case that accused them of failing to ably represent its interests in the underlying bankruptcy and a related dispute, saying the former client's claims were too vague.

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LITIGATION

AGs Say Sun, Taro Settlement Mustn't Touch State Claims

By Bryan Koenig

State attorneys general have asked a Pennsylvania federal judge to again ensure their claims remain untouched by a settlement between private plaintiffs and generic-drug makers in sprawling price-fixing litigation, this time focusing on a $200 million deal between Sun Pharmaceutical, Taro Pharmaceuticals and employee benefit plans.

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Novartis, Swiss Marketer Want Out Of Trade Secrets Suit

By Elliot Weld

A Swiss marketing company and its founder have joined pharmaceutical giant Novartis in asking a Manhattan federal judge to release them from a hedge fund's suit accusing the founder of brokering business meetings with Novartis in a scheme to steal its strategy, claiming the suit is merely an attempt to punish Novartis for placing money with a competitor.

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EXPERT ANALYSIS

Series

Law School's Missed Lessons: Practicing Client-Led Litigation

New litigators can better help their corporate clients achieve their overall objectives when they move beyond simply fighting for legal victory to a client-led approach that resolves the legal dispute while balancing the company's competing out-of-court priorities, says Chelsea Ireland at Cohen Ziffer.

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LEGAL INDUSTRY

Bonus Spotlight

High Billers At McKool Smith To Pocket Extra Bonus Money

By Tracey Read

McKool Smith is the latest BigLaw firm to announce extra cash for attorneys who went above and beyond with billable hours in 2025, according to an internal memo obtained by Law360 Pulse.

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Wilson Sonsini To Switch Leaders For 1st Time Since 2012

By Andrea Keckley

Wilson Sonsini Goodrich & Rosati PC announced plans for its first top leadership transition in more than a decade on Wednesday, tapping a Palo Alto, California-based litigator and a New York-based corporate lawyer to begin co-leading the firm at the start of next August.

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Ex-Bernstein Litowitz Atty Starts Firm After Contentious Exit

By Adrian Cruz

A former Bernstein Litowitz Berger & Grossmann LLP partner known for handling high-profile stockholder cases has led the launch of a boutique focused on corporate disputes and securities litigation after the firm says he was fired for misconduct.

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LA Atty Accused Of Using AI 'Hallucinations' Sanctioned

By Rae Ann Varona

A California state appeals court has ordered an attorney accused of including artificial intelligence "hallucinations" in a client's opening brief to pay $7,500 to the court, saying in a published opinion that the attorney is subject to sanctions for inaccuracies, regardless of whether they were the result of AI.

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FTC Backs Nixing ABA Role As 'Gatekeeper' For Texas Bar

By Lynn LaRowe

The Federal Trade Commission has endorsed a proposal from the Texas Supreme Court to abandon a rule requiring graduation from a law school approved by the American Bar Association for admittance to the state bar, saying the organization's "accreditation monopoly" hurts competition and consumers.

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Virginia Bar Declines To Investigate Interim US Atty Halligan

By Ryan Boysen

The Virginia State Bar has declined to investigate whether Lindsey Halligan should face discipline over her scandal-plagued tenure as the interim U.S. attorney for the Eastern District of Virginia, just days after a federal judge ruled she was not properly appointed to that post.

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Trump Would Prefer Jack Smith Testify In Public

By Courtney Bublé

Rep. Jim Jordan, R-Ohio, chair of the House Judiciary Committee, subpoenaed former counsel Jack Smith on Tuesday for a closed-door deposition, to which President Donald Trump said he would rather see a public testimony.

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1st Circ. Doubts Ex-BigLaw Atty's Campaign Finance Appeal

By Chris Villani

The First Circuit on Wednesday expressed misgivings about a former BigLaw attorney's argument that a jury that convicted him of a campaign finance scheme during a failed run for Congress should have been required to unanimously find that each specific transaction was illegal.

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Archegos Founder Says Davis Polk Job Offer Taints Restitution

By Lauren Berg

Archegos founder Bill Hwang, who is serving an 18-year sentence for defrauding banks out of billions of dollars in loans used to manipulate the market, asked to vacate his restitution order because the presiding judge's clerk accepted a job with Davis Polk & Wardwell LLP, which represents victim-bank Morgan Stanley.

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Troutman Atty Is 3rd NC Federal Judge Confirmed This Week

By Courtney Bublé

The Senate voted 57-41 on Wednesday to confirm Matthew Orso, a partner at Troutman Pepper Locke LLP, to the Western District of North Carolina as a federal district judge.

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Fed. Circ. Pushes DC Circ. Not To Rethink Newman Decision

By Adam Lidgett

The Federal Circuit has urged the D.C. Circuit to ignore Federal Circuit Judge Pauline Newman's request to rehear a decision upholding the dismissal of her suit against the colleagues who suspended her, saying the judiciary has the right to police its own internal matters.

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LAW FIRMS IN TODAY'S NEWS

Bernstein Litowitz

Cohen Ziffer

Covington & Burling

Crowell & Moring

Davis Polk

Farivar Law

Fine Kaplan

Friedman Kaplan

Gibson Dunn

Goulston & Storrs

Halloran & Sage

Holland & Knight

Hueston Hennigan

Irell & Manella

Israel David LLC

Kasowitz LLP

Kirkland & Ellis

Latham & Watkins

Law Office of Ihsan Dogramaci

Lazarus & Lazarus

Lemberg Law

Madsen Prestley

McGuireWoods

McKool Smith

Morgan Lewis

Morrison Mahoney

Morvillo Abramowitz

Murphy Rosen

Novian & Novian

Quinn Emanuel

Robbins LLP

Ropes & Gray

Sheppard Mullin

Sidley Austin

Suisman Shapiro

Troutman

Wilson Sonsini

Zeisler & Zeisler

COMPANIES IN TODAY'S NEWS

AT&T Inc.

American Bar Association

American Federation of Labor & Congress of Industrial Organizations

American Federation of State County & Municipal Employees

Arcellx Inc.

Association of Corporate Counsel

Blue Cross Blue Shield Association

Compass Minerals International, Inc.

Fort Point Capital

Hilton Worldwide Holdings Inc.

JPMorgan Chase & Co.

LinkedIn Corp.

Morgan Stanley

Netflix Inc.

New Civil Liberties Alliance

Northern Mariana Islands Retirement Fund

Obra Capital Inc.

Permira

Rolled Alloys Inc.

Samsung Electronics Co. Ltd.

Sandoz International GmbH

State Bar of California

Sun Pharmaceutical Industries Ltd.

Tesla Inc.

Virginia State Bar

Warner Bros. Discovery Inc.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Connecticut Insurance Department

Delaware Court of Chancery

Federal Bureau of Investigation

Federal Trade Commission

Internal Revenue Service

Judicial Conference of the United States

New York Attorney General's Office

Texas Supreme Court

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

U.S. Court of Appeals for the District of Columbia Circuit

U.S. Court of Appeals for the First Circuit

U.S. Department of Justice

U.S. District Court for the District of Columbia

U.S. District Court for the District of Connecticut

U.S. District Court for the Eastern District of Pennsylvania

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

U.S. District Court for the Eastern District of Virginia

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

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

U.S. House of Representatives

U.S. Securities and Exchange Commission

U.S. Senate

U.S. Supreme Court

United States District Court for the Northern District of Ohio