Chancery OKs Atty Exit Over 'Irreparably Broken' Relationship

By Jarek Rutz

The Delaware Chancery Court on Thursday granted a motion allowing counsel for an educational software company co-founder's ex-wife and her affiliated family limited partnership to withdraw from a stockholder dispute involving the educational software company, while giving the partnership two weeks to secure new representation or face default.

Read full article » | Save to favorites »

Chancery Asked To OK $7.6M Deal To End $1.5B De-SPAC Row

By Jeff Montgomery

Stockholders of special purpose acquisition company HighCape Capital LP have sought Delaware Court of Chancery approval for a $7.6 million settlement of a class suit accusing company principals of pursuing an overpriced take-public merger of biopharmaceutical tech company Quantum-Si, in litigation complicated by an unusual discovery stumble.

2 documents attached | Read full article » | Save to favorites »

Chancery Refuses For Now To Make Hecate Pay Lenders $75M

By Jarek Rutz

The Delaware Chancery Court has denied renewable energy lenders' bid to immediately seize $75 million in disputed settlement proceeds, ruling that although the lenders are likely to succeed on parts of their contract claims, they failed to justify the extraordinary step of a mandatory injunction.

Decision attached | Read full article » | Save to favorites »

Hedge Fund Sues In Del. For Share Appraisal Damages

By Jeff Montgomery

A hedge fund managed by Glazer Capital LLC sued for a Delaware Court of Chancery declaratory judgment Thursday seeking an order for immediate payment for shares of media measurement venture Integral Ad Science Corp. in the wake of IAS' acquisition by private equity Novacap in December.

Motion attached | Read full article » | Save to favorites »

Judge Seems Poised To Keep Block On Trump Voting Order

By Julie Manganis

A Massachusetts federal judge Thursday appeared to hold fast to her two prior rulings that President Donald Trump lacks authority to change voting laws via an executive order requiring physical documentation of citizenship and voiding mailed ballots that arrive after Election Day.

Read full article » | Save to favorites »

Justices Told 'Skinny Label' Case Puts Generic Drugs At Risk

By Ryan Davis

The U.S. government, one named sponsor of the Hatch-Waxman Act, a generic-drug industry group and more have warned the U.S. Supreme Court that a decision that allowed a patent case involving a so-called skinny label to proceed threatens the availability of low-cost generic drugs.

6 documents attached | Read full article » | Save to favorites »

Fed. Circ. Affirms Chip Patent Claims Are Invalid

By Elliot Weld

The Federal Circuit on Thursday affirmed a Delaware federal judge's decision that a set of patents covering computer chip design were invalid under the so-called Alice test, clearing semiconductor makers Siemens and GlobalFoundries of infringement allegations.

Opinion attached | Read full article » | Save to favorites »

Health Plans Lack Expert In Avandia MDL, 3rd Circ. Told

By P.J. D'Annunzio

Counsel for GlaxoSmithKline urged a Third Circuit panel on Thursday to undo an order certifying a class of health plans in the multidistrict litigation over the company's alleged deceptive marketing of the diabetes drug Avandia, arguing the plaintiffs didn't have the experts necessary to support their case.

Read full article » | Save to favorites »

Delaware Judge Won't Reconsider Burford Arbitration Ruling

By Rose Krebs

A Delaware federal judge has denied German entity Financialright Claims GmbH's bid to reconsider his decision ordering arbitration of a dispute with a Burford Capital affiliate over an allegedly fraudulent arbitration pact, rejecting claims that the ruling was "premised on a clear error of law."

Order attached | Read full article » | Save to favorites »

How Del. High Court's Moelis Reversal Fits Into DExit Debate

By declining to decide the facial validity of the provisions at issue in Moelis & Co. v. West Palm Beach Firefighters Pension Fund, the Delaware Supreme Court's recent reversal of the Court of Chancery's 2024 ruling highlights broader implications for the ongoing debate over whether companies should incorporate elsewhere, say attorneys at Akin.

Opinion attached | Read full article » | Save to favorites »

What's Next After NLRB Dismissal Of SpaceX Suit

Though the National Labor Relations Board’s recent decision to dismiss its long-running unfair labor practice complaint against SpaceX on jurisdictional grounds temporarily resolves a circuit split over injunctions, constitutional and employee-classification questions remain, say attorneys at Proskauer.

Letter attached | Read full article » | Save to favorites »

Series

Playing Piano Makes Me A Better Lawyer

Playing piano and practicing law share many parallels relating to managing complexity: Just as hearing an entire musical passage in my head allows me to reliably deliver the message, thinking about the audience's impression helps me create a legal narrative that keeps the reader engaged, says Michael Shepherd at Fish & Richardson.

Read full article » | Save to favorites »

Hub Hires: Seyfarth, Greenberg Traurig, Outside GC

By Chris Villani

Massachusetts may be buried under a blanket of snow, but the Boston legal market was anything but frozen in February. Seyfarth bolstered its depth in mergers and acquisitions, Greenberg Traurig snagged a benefits attorney, and Outside General Counsel hired a new managing partner.

Read full article » | Save to favorites »

Elevate Expands Legal Reach With Mestel & Co. Acquisition

By Tracey Read

Legal software and services company Elevate has acquired legal recruitment firm Mestel & Co. to bolster its abilities to deliver top legal talent, Elevate said Thursday.

Read full article » | Save to favorites »

Up Next At High Court: Drug User Gun Possession

By Katie Buehler

The U.S. Supreme Court will close out its February oral argument session by hearing its newest Second Amendment case over a federal law that prohibits drug users from possessing firearms, as well as a dispute over whether motor carrier brokers can be held liable for truck crashes under state law.

Read full article » | Save to favorites »

Roundup

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

By Laura Stewart Liberty

This past week in London has seen Linklaters sue a shipping company, high-street clothing giant Urban Outfitters hit with an intellectual property claim, Ithaca Energy sue rival Chrysaor, and cabaret club magnate Alex Proud face legal action with his nightclubs in financial turmoil.

Read full article » | Save to favorites »

Del. Supreme Court OKs Disputed Corporate Law Rework

By Jeff Montgomery

Delaware's Supreme Court upheld Friday hotly contested legislation approved by state lawmakers in 2025 that expanded liability shields for some corporate acts involving controlling stockholders or potentially conflicted officers or directors, and narrowed public access to some corporate books and records.

Opinion attached | Read full article » | Save to favorites »

Law360's Legal Lions Of The Week

By Kevin Penton

Milbank LLP, Wilson Sonsini Goodrich & Rosati PC and Akin Gump Strauss Hauer & Feld LLP lead this week's edition of Law360 Legal Lions, after the U.S. Supreme Court struck down tariffs imposed under the International Emergency Economic Powers Act.

Read full article » | Save to favorites »

Roundup

GC Cheat Sheet: The Hottest Corporate News Of The Week

By Michele Gorman

A proxy season preview report showed that nearly three-quarters of shareholder proposals for annual corporate meetings among Russell 3000 companies this year have gone to a vote. The U.S. Department of Labor unveiled the details of a long-awaited proposed rule to replace a previous administration's regulation outlining how to decide if a worker is an employee or independent contractor. These are among the stories in corporate legal news you may have missed in the past week.

Read full article » | Save to favorites »

Calif. Mass Tort Firm Drops Suit Against ABS Fee-Sharing Ban

By James Mills

A California mass torts firm seeking to overturn the state's law banning alternative business structure fee sharing with out-of-state law firms owned by nonattorneys dropped its suit Thursday, three months after filing it.

Notice attached | Read full article » | Save to favorites »

Pro Bono Spotlight

NY Prisoner Gets Rare $600K Deal With Gibson Dunn's Help

By Parker Quinlan

A man incarcerated in a New York state prison who was placed in solitary confinement for over six years has obtained a $600,000 settlement after filing a pro se lawsuit that drew the aid of pro bono counsel from Gibson Dunn & Crutcher LLP.

Read full article » | Save to favorites »

Optimum Says Apollo, BlackRock Bullied Kirkland Withdrawal

By Bryan Koenig

Optimum Communications is escalating its fight accusing Apollo, Ares, BlackRock and other financial giants of an illegal joint campaign constricting its ability to refinance debt, amending its New York federal court complaint to also accuse the companies of "bullying" Kirkland & Ellis LLP into withdrawing as its transaction counsel.

1 document attached | Read full article » | Save to favorites »

In Case You Missed It: Hottest Firms And Stories On Law360

For those who missed out, here's a look back at the law firms, stories and expert analyses that generated the most buzz on Law360 last week.

Read full article » | Save to favorites »