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Delaware Pulse
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Biote Investors Sue Cooley, SPAC After Huge Merger Loss
Family trust investors in Biote Corp. have sued Cooley LLP and the "hormone optimization" company's top brass over the $700 million merger Biote completed with a special purpose acquisition company, saying the deal was a "disastrous transaction to divert approximately $70 million of merger consideration to themselves and gain control of an enterprise they did not build."
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3rd Circ. Nominee Reports Over $9M Net Worth
Adeel Mangi, whose nomination for the Third Circuit has stalled in the Senate, reported a net worth of over $9 million in financial forms filled out last fall.
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How GCs Are Supporting GenAI At Their Companies
When it comes to generative artificial intelligence, general counsel Virginia Chavez Romano tries to stay away from saying, "No," outright to her business partners, and instead works with them to find a solution moving forward, she said during a panel discussion in New York City on Wednesday evening.
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Del. Opposes Ex-Paralegal's En Banc Call In Jobless Pay Fight
An attorney representing a Delaware agency has asked the state's Supreme Court to reject a former Morris James LLP paralegal's call to have the full court consider an appeal seeking to revive his bid to collect unemployment benefits after he agreed to leave the firm.
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McCarter & English Names New Practice And Office Leaders
McCarter & English LLP announced several leadership changes this week, with experienced partners stepping up to lead its environment and energy and tax and private clients groups and to help lead its Wilmington, Delaware, and Miami offices.
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Del. Governor Unveils Slate Of Judicial Moves & Nominations
Delaware Gov. John Carney this week announced he is nominating a sole practitioner to serve as Court of Common Pleas judge and another attorney to be a Family Court commissioner.
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Young Chinese Attys Face New Hurdles In BigLaw Job Chase
Law degrees from top U.S. universities were once prized by many Chinese students as tickets to secure jobs at major U.S. law firms. However, with these firms scaling back operations in China, aspiring lawyers face dwindling prospects and increased uncertainty about their futures.
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Hunter Biden's Ex-Wife, Ex-Lover Testify About His Drug Use
Hunter Biden's trial on felony gun charges continued in Delaware federal court on Wednesday with testimony from his ex-wife, a former girlfriend and the salesman at the shop where he bought the Colt Cobra revolver on Oct. 12, 2018.
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3rd Circ. Won't Put Trade Secrets Atty Fee Fight Before Jury
The Third Circuit on Wednesday backed a jury verdict in favor of two former employees that a power trading company claimed took trade secrets to start a new firm, but rejected one defendant's bid to have a jury determine whether he gets attorney fees for what he called "bad-faith" litigation.
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Brown Rudnick Partner's 50% Fee Hike Nixed In Ch. 11 Case
A Brown Rudnick LLP bankruptcy partner Wednesday had his 50% fee increase rejected by a Delaware judge, who took issue with the proposed hike to $1,500 an hour for representing the creditors' committee in Kidde-Fenwal Inc.'s Chapter 11 case.
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Ex-Skadden Atty, Credit Suisse Beat TransPerfect's Fraud Suit
A Delaware federal judge has tossed TransPerfect Holdings LLC's lawsuit alleging that misrepresentations by a now-retired Skadden Arps Slate Meagher & Flom LLP partner and Credit Suisse Securities (USA) LLC led it to pay too much for language translation company TransPerfect Global Inc., finding that claims are time-barred.
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Armstrong Teasdale Elects 5 Executive Committee Members
Armstrong Teasdale LLP has elected five new members to its executive committee and two members to its compensation committee, the firm announced Wednesday.
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How BigLaw Approaches Suicide Prevention
BigLaw's approach to suicide prevention emphasizes overall well-being, education and counseling as many firms focus less on the underlying causes of suicidal ideation among attorneys — if they're willing to discuss these efforts at all.
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$20M Partner Comp: Who's Earning It, Who's Paying It
Word of the occasional $20 million lateral partner move has made its way into the legal press as a talent war between the richest of the rich law firms heats up. But how common is it, and which law firms are offering up top-of-market partner pay?
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Hunter Biden Judge Won't Bar Drug Abuse Related Evidence
A federal judge overruled several objections to evidence admissible in presidential son Hunter Biden's gun purchase trial in Delaware federal court, including Biden's objection to photos purportedly documenting his drug abuse, before the sides launched into opening arguments Tuesday morning.
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Jones Day, Littler, Ogletree Attys Among Clients' 'All Stars'
Jones Day, Littler Mendelson PC and Ogletree Deakins Nash Smoak & Stewart PC head BTI Consulting Group's annual list of law firms with the most "all star" attorneys, with each having seven attorneys highlighted by in-house leaders for their service to clients.
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Standards Are Murky As Legal Employers Vet Protesters
As violence in Gaza rages on, law firms have vowed not to employ lawyers whose activism for Palestinian rights they deem unacceptable. But "unacceptable" is in the eye of the beholder, and that makes it difficult for law students and lawyers who advocate for a ceasefire to navigate the workplace and the job market.
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3rd Circ. Backs Bad Subpoena Sanction In Race, Sex Bias Suit
The Third Circuit has upheld a $6,720 fee sanction against a New Jersey attorney for serving an intentionally misleading subpoena while representing a Garden State management company against federal race and sex bias claims.
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Del. Judge Seats Federal Jury In Hunter Biden Trial Opener
A Delaware federal judge seated a jury late Monday in presidential son Hunter Biden's trial on three felony firearm charges related to his October 2018 handgun purchase while allegedly addicted to illegal drugs.
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Justice Gorsuch Calls Colleagues 'Best Writers' In History
Justice Neil Gorsuch recently sat down for a keynote conversation during the 25th annual Burton Awards in Washington, D.C., where he reflected on his approach to writing opinions, his originalist method to interpreting the Constitution and the civility that exists between his fellow justices.
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Venezuela Can't DQ Special Master As Citgo Auction Looms
Venezuela has again fallen short in its efforts to disqualify the special master overseeing the auction of Citgo's parent company to satisfy billions of dollars worth of the country's debt, after a Delaware judge ruled on Friday afternoon that its motivations behind the motion are "suspect."
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Del. Chancery Court Issues Another Round Of Rule Changes
Delaware's nationally important Chancery Court on Friday announced its latest round of revisions to modernize its rules to more closely align with federal civil procedure rules and make them more user-friendly for litigants.
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Orrick Leads List Of Top Law Firms For Women, Diversity
Talent strategies firm Seramount released its latest list of the 45 best law firms for women and diversity this week, with the 2024 cohort of winners showing strides over previous years in representation, advancement and benefits for lawyers who are women or from other underrepresented groups.
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Law360's Legal Lions Of The Week
Brewer Attorneys & Counselors, the American Civil Liberties Union Foundation and attorneys Eugene Volokh and Alan Morrison lead this week's edition of Law360 Legal Lions, after the U.S. Supreme Court ruled that the National Rifle Association can proceed with certain claims in the gun rights group's lawsuit against a former New York state official.
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Don't Fear AI Hallucinations, Embrace Them, Scholar Says
When it comes to artificial intelligence, most early adopters fear the so-called hallucinations that the systems can produce. However, one scholar says the creativity those hallucinations represent is a valuable feature lawyers should embrace.