Try our Advanced Search for more refined results
Technology
-
February 13, 2025
In-House Legal AI Co. Eudia Raises Up To $105M In Series A
Eudia, an artificial intelligence platform for in-house legal teams, officially launched on Thursday after 18 months operating in stealth and announced the raising of up to $105 million in a Series A funding round.
-
February 13, 2025
6th Circ. Stands By Revival Of Parker-Hannifin 401(k) Suit
The Sixth Circuit declined Parker-Hannifin Corp.'s bid for an en banc review of its ruling that revived a proposed class action from workers who claimed the technology company loaded down its retirement plan with underperforming and costly investment funds.
-
February 13, 2025
Musk Says He'll Drop OpenAI Bid If It Scraps 'For Profit' Plans
Elon Musk has hit back at OpenAI's claim that his $97.375 billion takeover bid is improper, noting if the ChatGPT maker agrees to nix plans to become a for-profit business, his offer will be dropped.
-
February 13, 2025
Amazon Worker's $1.6M Fee Bid Slashed In Military Bias Suit
A Washington federal judge awarded an Amazon worker a fraction of the $1.6 million in attorney fees he requested in his recently settled suit claiming the company blocked him from promotions due to his military service, finding the outcome of the case didn't warrant an amount that high.
-
February 13, 2025
Small But Mighty Busy: 1st Circ. A Hub For Anti-Trump Suits
The Boston-based First Circuit will play an outsize role in litigation challenging the aggressive start to President Donald Trump's second administration, but the liberal stronghold's philosophic divergence with the U.S. Supreme Court may make any victories fleeting.
-
February 13, 2025
Growth Equity Firm Plugs $150M Into Video Monetization Biz
Buchalter PC-advised Uscreen, a video monetization platform for content creators, on Thursday revealed that it snagged a $150 million investment from Weil Gotshal & Manges LLP-led PSG, a software- and technology-focused growth equity firm.
-
February 13, 2025
Willkie-Led Defense Firm Karman Prices Upsized $506M IPO
Shares of Karman Holdings Inc. soared in debut trading Thursday after the defense and space systems firm priced an upsized $506 million above its marketed range, raising money for Karman and its private equity shareholders, represented by Willkie Farr & Gallagher LLP and underwriters' counsel Latham & Watkins LLP.
-
February 13, 2025
Kirkland, Davis Polk Steer SailPoint's Upsized $1.38B IPO
Private equity-backed cybersecurity firm SailPoint began trading Thursday following an upsized $1.38 billion initial public offering that priced at the top of its range, represented by Kirkland & Ellis LLP and underwriters' counsel Davis Polk & Wardwell LLP, marking its return to public markets three years after being taken private.
-
February 13, 2025
UK Greenlights PE Biz's £840M Deal For Workplace E-Trainer
Workplace training provider Learning Technologies Group PLC said Thursday the U.K. government has approved its planned £836 million ($1 billion) sale to a subsidiary of private equity group General Atlantic.
-
February 12, 2025
House Republicans Launch Effort To Craft Data Privacy Law
The Republican leaders of an influential House committee on Wednesday established a working group to draft privacy legislation that would be able to overcome hurdles that have long stymied efforts to set a national standard for how companies collect, use and share consumers' personal information.
-
February 12, 2025
Social Media MDL Judge Rips Google, Snap Quick Appeal Bid
A California federal judge indicated Wednesday she likely won't let Google and Snap file interlocutory appeals in multidistrict litigation over social media's allegedly addictive designs, saying the appeals requests make "no sense," and she slammed Meta insurers' unnecessary motion to expedite its coverage dispute with Meta as "unprofessional."
-
February 12, 2025
OpenAI Says Musk Takeover Bid 'Exposes' Intent Behind Suit
OpenAI on Thursday told a California federal judge overseeing Elon Musk's lawsuit seeking to block OpenAI from becoming a for-profit enterprise that the Tesla founder has proposed acquiring OpenAI's business, saying the takeover effort reveals Musk's lawsuit to be "an improper bid to undermine a competitor."
-
February 12, 2025
Software Co. Looks To Keep Ex-Chair From Transferring Stock
A yearslong feud between The Resource Group International Ltd. and its ousted former chairman has come back to New York federal court, where the software investment company is seeking an order barring the former executive from executing an alleged scheme aimed at regaining control of the company.
-
February 12, 2025
Klarna Accused Of Intercepting Creators' Commissions
Online retail finance company Klarna Inc. got hit with a proposed class action by an internet content creator who claims the firm's automatic coupon-finding browser extension redirects customers who click creators' product affiliate links so that Klarna can take the referral commissions those creators depend on.
-
February 12, 2025
FCC Chief Says Comcast To Be Probed For Supporting DEI
The FCC's new leader is going after Comcast and NBCUniversal for their efforts to be diverse and inclusive, revealing Wednesday that he had directed the agency to open an investigation into the pair of companies to ensure they aren't "promoting invidious forms of discrimination."
-
February 12, 2025
Cannabis Vape Cos. Accused Of Price-Fixing Scheme
A Chinese cannabis vape manufacturer and a slew of its U.S.-based distributors have been hit with a proposed class action alleging they maintained an unlawful anticompetitive arrangement that kept the price of marijuana vapes artificially high for close to a decade.
-
February 12, 2025
Copyright Office's Economist Report Chimes In On AI Debate
A report released Wednesday by a group of economists convened by the U.S. Copyright Office explores the complicated — and sometimes fraught — economic considerations at the heart of the debate over copyright policy and artificial intelligence.
-
February 12, 2025
Western Digital Told To Pay $553M Sooner Rather Than Later
Hard drive manufacturer Western Digital now has less than seven days to put up over half a billion dollars to satisfy a patent judgment after a California federal judge said he "has concerns about potential corporate restructuring."
-
February 12, 2025
Fintech Group Wants To Defend CFPB's Open Banking Rule
Fintech industry group the Financial Technology Association on Wednesday filed to defend the Consumer Financial Protection Bureau's open banking rule in an ongoing challenge from the banking industry since the agency's own defense of the rule is uncertain in the wake of Trump administration shake-ups.
-
February 12, 2025
Roofing Co. Buyout Bid Heats Up With Board, Antitrust News
QXO kept up a pressure campaign against Beacon Roofing Supply Inc. on Wednesday amid a hostile takeover bid, as the technology and software company unveiled a slate of nominations to Beacon's board and announced it had received antitrust clearance from regulators in the U.S. and Canada.
-
February 12, 2025
NFL Unlawfully Keeping Teams Off Bluesky, Suit Says
Two football fans are suing the National Football League in New York federal court for allegedly restricting the free speech of its teams by prohibiting them from opening accounts on the social media platform Bluesky.
-
February 12, 2025
Albertsons To Face Reduced Claims Over Tech Theft
A Washington federal judge has cleared software company Replenium Inc. to pursue trade secret and promissory estoppel claims against Albertsons, finding it plausibly alleged the grocer misused confidential information from their software partnership to build a competing auto-replenishment platform.
-
February 12, 2025
Client Says Seattle Firm's Bad Advice Cost Him Millions
A former client has targeted Karr Tuttle Campbell in a legal malpractice complaint alleging the Seattle law firm gave him bad advice on the policy limits of related insurance coverage in an underlying case against another law firm, costing the client millions of dollars in a settlement.
-
February 12, 2025
Allstate Hit With Another Class Action Over Data Collection
Allstate has been hit with another proposed class action in Illinois federal court accusing the auto insurer of illegally obtaining the personal driving data of millions of policyholders via software embedded in third-party apps and using that data for the insurer's own underwriting purposes.
-
February 12, 2025
Mnuchin, Others Face Fiduciary Suit From Cybersecurity CEO
The CEO of AI-driven cybersecurity venture Cybereason has sued former U.S. treasury secretary and company director Steven Mnuchin, along with others, in Delaware's Court of Chancery over financing roadblocks that allegedly threaten to tip the company into bankruptcy.
Expert Analysis
-
High Court Could Further Limit Deference With TCPA Fax Case
The Supreme Court's decision to hear McLaughlin Chiropractic Associates v. McKesson, a case involving alleged junk faxes that centers whether district courts are bound by Federal Communications Commission rules, offers the court a chance to possibly further limit the judicial deference afforded to federal agency interpretations of statutes, says Samantha Duke at Rumberger Kirk.
-
5 Ways To Create Effective Mock Assignments For Associates
In order to effectively develop associates’ critical thinking skills, firms should design mock assignments that contain a few key ingredients, from messy fact patterns to actionable feedback, says Abdi Shayesteh at AltaClaro.
-
Overseas Investment Rule Calls For Compliance Caution
Investors should be leery of who and what they are investing in now that the federal outbound investment regime, effective Jan. 2, has extended the governement's regulatory reach to businesses and parties not previously subject to trade restrictions, says Thaddeus McBride at Bass Berry.
-
Navigating Arbitration Confidentiality Challenges In Age Of AI
Artificial intelligence is already significantly involved in various aspects of arbitration and posing challenges for maintaining confidentiality, but relatively quickly implementable practices can be utilized as safeguards as AI tools continue to be integrated, says David Coher at CoherADR.
-
The 7th Circ.'s Top 10 Civil Opinions Of 2024
Attorneys at Jenner & Block examine the most significant decisions issued by the Seventh Circuit in 2024, and explain how they may affect issues related to mass arbitration, consumer fraud, class certification and more.
-
FTC Report On AI Sector Illuminates Future Enforcement
The Federal Trade Commission's report on cloud service providers and their partnerships with developers of artificial intelligence's large language models suggests that the agency will move to rein in Big Tech with antitrust enforcement to protect startups, say attorneys at Squire Patton.
-
Inside New Commerce Tech Restrictions: Mitigation Strategies
Given the breadth of the Bureau of Industry and Security’s authority under new restrictions on foreign adversary products and technologies, companies should assess their risk of falling in the agency's crosshairs and, if so, engage with BIS ahead of any enforcement action, says Peter Jeydel at Troutman Pepper Locke.
-
What's Next For Accounting Enforcement After SEC's Big 2024
The U.S. Securities and Exchange Commission under the Trump administration will likely continue to focus enforcement efforts on many of the same accounting and auditing issues that it pursued over the past year — but other areas, such as ESG, internal controls and cryptocurrency cases, may fall out of focus, say attorneys at Debevoise.
-
Mentorship Resolutions For The New Year
Attorneys tend to focus on personal achievements or career milestones when they set yearly goals, but one important area often gets overlooked in this process — mentoring relationships, which are some of the most effective tools for professional growth, say Kelly Galligan at Rutan & Tucker and Andra Greene at Phillips ADR.
-
What Nearshoring Growth In Americas Means For Patents
With the new U.S. administration potentially focused on implementing draconian trade restrictions, nearshoring in the Americas is expected to grow, and patent prosecution attorneys will be kept on their toes as the patent landscape from country to country continues to evolve, says Ernest Huang at Procopio.
-
Inside New Commerce Tech Restrictions: Key Risk Takeaways
While there are a few limitations on the scope of a new final rule restricting certain foreign adversary products and technologies, the Commerce Department's Bureau of Industry and Security retains sweeping authority to regulate an array of risk areas, says Peter Jeydel at Troutman.
-
Algorithm Price-Fixing Ruling May Lower Antitrust Claims Bar
A Washington federal court's refusal to dismiss Duffy v. Yardi Systems, an antitrust case over rent prices allegedly inflated by revenue management software, creates an apparent split in the lower courts over how to assess such claims, say attorneys at Morgan Lewis.
-
What Insurers Should Know About AI Use In Litigation
As the use of artificial intelligence in litigation evolves, insurers should note standing court orders, instances of judges utilizing AI to determine policy definitions and the application of evidentiary standards to expert evidence that incorporates AI, says Sarah Abrams at Baleen Specialty.
-
Series
Coaching Little League Makes Me A Better Lawyer
While coaching poorly played Little League Baseball early in the morning doesn't sound like a good time, I love it — and the experience has taught me valuable lessons about imperfection, compassion and acceptance that have helped me grow as a person and as a lawyer, says Alex Barnett at DiCello Levitt.
-
How Fintechs Can Respond To New CFPB Supervisory Rule
Even though a new Consumer Financial Protection Bureau rule pulling large payment apps into supervision faces an uncertain fate in the new administration, providers should still examine the rule's definitions and prepare for increased compliance costs and more consumer-friendly practices, say attorneys at DLA Piper.