Philly Law Firm Settles $1.5M Fee Suit Against Metal Company

By P.J. D'Annunzio

Philadelphia firm Cohen Seglias Pallas Greenhall & Furman PC and metalworking company M. Cohen & Sons have resolved a legal battle in which the firm sought to collect $1.5 million in fees while also attempting to fight legal malpractice counterclaims over an alleged conflict of interest.

Read full article » | Save to favorites »

GSK's Zantac Woes Gave Investors Heartburn, Suit Says

By Katryna Perera

The maker of heartburn and acid reflux relief tablet Zantac has been hit with a shareholder suit in Pennsylvania federal court alleging that the company suffered stock price losses after it was revealed that for nearly 40 years the company knew that Zantac contained high levels of a cancer-causing compound.

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

Nippon Says US Steel Deal Aligns With Trump Goals

By Al Barbarino

Nippon Steel said Thursday that its proposed $14.9 billion acquisition of Pennsylvania-based U.S. Steel is in line with President Donald Trump's goals, as the Japanese steelmaker dropped hints of its strategy to get the new administration to approve the deal. 

Read full article » | Save to favorites »

Mobility Scooter Co. Gets Nod For $2.1M Deal In ESOP Fight

By Grace Elletson

A Pennsylvania federal judge gave initial approval to a $2.1 million deal Thursday that would resolve a class action claiming a mobility scooter company invested funds from its employee stock ownership plan into dismally performing Treasury bills and cash equivalents.

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

Jeld-Wen Appealing Forced Factory Sale To 4th Circ., Again

By Bryan Koenig

Jeld-Wen Inc. is taking another trip to the Fourth Circuit to fight an order forcing it to sell a door skin factory, filing a notice of appeal Thursday after a Virginia federal judge said a $115 million price is fair.

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

Law360 Seeks Members For Its 2025 Editorial Boards

Law360 is looking for avid readers of our publications to serve as members of our 2025 editorial advisory boards.

Read full article » | Save to favorites »

Brief

Former Steelworkers Union Secretary Cops To Embezzlement

By Ryan Harroff

A former financial secretary for the United Steelworkers in Freedom, Pennsylvania, has changed his plea to guilty in an embezzlement case brought against him, Acting United States Attorney Troy Rivetti of the Western District of Pennsylvania announced Thursday.

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

Tort Report: Kiss Death Suit Must Be Axed, Band Says

By Y. Peter Kang

A bid to escape a suit accusing legendary rock band Kiss of causing a guitar technician's coronavirus death and the $8.5 million settlement of a convoluted medical malpractice case lead Law360's Tort Report, which compiles recent personal injury and medical malpractice news that may have flown under the radar.

Read full article » | Save to favorites »

Abbott Tells Judge To Keep Formula Cases In Federal Court

By Lauraann Wood

Abbott Laboratories urged an Illinois federal judge on Thursday to keep six previously remanded lawsuits over allegedly harmful preterm baby formula in federal court after local hospitals' dismissal prompted their second removal, arguing the hospitals were only in the suits to avoid federal jurisdiction.

Read full article » | Save to favorites »

Judge OKs 'Unorthodox' Deal To Fund Pa. Hospitals In Ch. 11

By Clara Geoghegan

Bankrupt hospital operator Prospect Medical has agreed to put its four Philadelphia-area hospitals under receivership for the next 30 days while it hammers out a sale as part of a funding arrangement that a Texas bankruptcy judge on Thursday called "unorthodox."

Read full article » | Save to favorites »

Hamilton Lane Clinches Inaugural Venture Fund At $615M

By Jade Martinez-Pogue

Private equity shop Hamilton Lane, led by DLA Piper, on Thursday announced that it closed its inaugural Venture Access Fund with $615.3 million in tow.

Read full article » | Save to favorites »

Globus Medical Buys Device-Maker Nevro In $250M Deal

By Jade Martinez-Pogue

Musculoskeletal solutions company Globus Medical, advised by Wyrick Robbins Yates & Ponton LLP, on Thursday announced plans to buy Latham & Watkins LLP-led medical device company Nevro Corp. in an all-cash deal with an equity value of roughly $250 million.

Read full article » | Save to favorites »

Steptoe & Johnson Adds IP Attorney To Pittsburgh Office

By James Boyle

An intellectual property attorney specializing in assisting clients with patents in the electrical, mechanical and software fields has recently moved her practice to Steptoe & Johnson PLLC's Pittsburgh office.

Read full article » | Save to favorites »

AI Will Soon Transform The E-Discovery Industrial Complex

Todd Itami at Covington discusses how generative artificial intelligence will reshape the current e-discovery paradigm, replacing the blunt instrument of data handling with a laser scalpel of fully integrated enterprise solutions — after first making e-discovery processes technically and legally harder.

Read full article » | Save to favorites »

BigLaw Firms Saw Double-Digit Profit Growth In 2024

By Aebra Coe

Last year was "one of the strongest years on record" for U.S. law firm financial results, according to Citi Global Wealth at Work Law Firm Group head Gretta Rusanow, with a survey by the bank of mostly large law firms showing a 16.6% increase in profits and a 12.3% increase in revenue over 2023.

Read full article » | Save to favorites »

Legal Sector Gains 900 Jobs In January Amid Data Revisions

By Xiumei Dong

The U.S. legal sector started the year with a modest boost, adding 900 jobs in January, according to preliminary data from the U.S. Bureau of Labor Statistics released Friday following the agency's annual employment data revision that also lifted earlier job figures from the past year. 

Read full article » | Save to favorites »

Dentons US Names Capital Markets Leader Managing Partner

By Anna Sanders

Dentons tapped capital markets partner and regulatory team leader John Holahan to serve as U.S. managing partner, the firm announced Friday.

Read full article » | Save to favorites »

Injury Attys In Hot Water Over Possible AI-Hallucinated Cites

By Lauren Berg

Morgan & Morgan PA and the Goody Law Group on Friday withdrew pretrial motions in a personal injury lawsuit against Walmart over an allegedly defective hoverboard after a Florida federal court ordered the firms to explain why the filings contained what appears to be case law hallucinated by generative artificial intelligence.

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

Plaintiffs Lawyers Swarm Los Angeles Post-Fires

By Brandon Lowrey

A deadly wildfire may be among the first covered by a new state fund that reimburses at-fault utility companies. This could mean billions of dollars for plaintiffs lawyers, and, if past fires are any indication, frustration and confusion for some victims.

Read full article » | Save to favorites »

4th Circ. Says LeClairRyan Founder May Duck Tax Liability

By Jack Karp

Defunct law firm LeClairRyan PLLC's operating agreement did not bar founder Gary LeClair from jumping ship from the firm in time to potentially dodge massive tax bills tied to the firm's collapse, the Fourth Circuit ruled on Friday.

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

Goldstein's Pro Se Filing Irks Feds Amid Murky Atty Situation

By Elliot Weld

Prosecutors have asked a Maryland federal judge to strike a pro se motion from Tom Goldstein in his tax evasion case, saying the U.S. Supreme Court attorney and SCOTUSblog publisher shouldn't be allowed to personally make arguments to the court when he is represented by several experienced lawyers.

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

2nd Circ. Orders In-House Counsel Docs in Grand Jury Case

By Parker Quinlan

The Second Circuit on Friday ruled that an in-house attorney for a publicly traded company under federal investigation in New York must turn over communications as part of a grand jury investigation under the crime-fraud exception to attorney-client privilege.

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

Analysis

Del.'s Quiet Ambition To Tweak Chancery, Stem Feared DExit

By Jeff Montgomery

Anxious over claims that stockholder-tilted decisions by Delaware's Court of Chancery will trigger more companies to follow Tesla, SpaceX, Meta and Dropbox to other states, Delaware policymakers are taking a hard look at the venerable business court's processes, hoping to slow a feared rush to DExit.

Read full article » | Save to favorites »

DC Prosecutor Axed Jan. 6 Case Against Client, Group Says

By Lauren Berg

A legal group filed a bar complaint in Missouri Thursday against President Donald Trump's top prosecutor in Washington, D.C., saying the attorney violated rules of professional conduct when, in his new government role, he moved to dismiss charges related to the U.S. Capitol attack against his own client.

Read full article » | Save to favorites »

Law360's Legal Lions Of The Week

By Aebra Coe and Kevin Penton

Lawyers from Latham & Watkins LLP and Proskauer Rose LLP kick off this week's Law360 Legal Lions, with a jury decision ending a $500 million antitrust lawsuit against their clients, U.S. Soccer and Major League Soccer.

Read full article » | Save to favorites »

GC Cheat Sheet: The Hottest Corporate News Of The Week

By Sue Reisinger

General counsel will be scrutinizing their companies' DEI policies after U.S. Attorney General Pam Bondi directed the U.S. Department of Justice to probe and penalize illegal diversity policies in the private and public sectors. Outside the DOJ, legal professionals, including in-house attorneys, reported high job satisfaction in a recent survey, likely leading to lower turnover. These are some of the stories in corporate legal news you may have missed in the past week.​

Read full article » | Save to favorites »

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

By Laura Stewart Liberty

This past week in London has seen Investec Bank PLC sue two diamond tycoons, London florist Nikki Tibbles file a claim against an "imitator company," a direct descendant of the Cartier family launch a claim, and a Coronation Street actor hit footballer Joe Bunney with a defamation claim. Here, Law360 looks at these and other new claims in the U.K.

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 »