Corporate

  • November 27, 2024

    Samsung Drops Chip Antitrust Case Against Broadcom

    Samsung has agreed to drop its lawsuit in California federal court accusing Broadcom of blocking competition from rival mobile chip suppliers by forcing the electronics maker into signing a restrictive sales contract.

  • November 27, 2024

    FCC Refers T-Mobile, UScellular Deal To Team Telecom

    The Federal Communications Commission has referred T-Mobile's anticipated $4.4 billion purchase of wireless operations from United States Cellular Corp. to the committee that vets foreign investment in the U.S. telecom market.

  • November 27, 2024

    Kroger Inks $21M Deal With 47K Workers Over Pay Delay

    Approximately 47,000 Kroger employees told an Ohio federal judge Tuesday they've reached a $21 million class action settlement with the grocery giant over claims it either failed to pay them or made inaccurate deductions from their wages after switching to a new timekeeping system that experienced a glitch in 2022.

  • November 27, 2024

    Miss America Ch. 11 Dismissal Hearing To Wait For Event

    A hearing on a motion to dismiss the Chapter 11 case of an entity tied to the Miss America pageant will wait until after the competition wraps up in January, a Florida bankruptcy judge ruled Wednesday, allowing for discovery among two parties disputing the proper ownership of the organization.

  • November 27, 2024

    Burger King Franchisee Can Tap AIG For BIPA Suit, Eventually

    An Illinois federal judge ruled Tuesday that an AIG subsidiary has a duty to defend a Burger King franchisee in a suit brought by employees claiming its timekeeping practices violated Illinois' biometric privacy law, but only after the limits of all other insurance have been exhausted.

  • November 27, 2024

    Conn. High Court Snapshot: Bank Regulation, Workers' Comp

    When it convenes for the third term of the season, the Connecticut Supreme Court will hear cases that could affect the scope of the state banking department's authority to determine its own jurisdiction and clarify a workers' compensation benefits law.

  • November 27, 2024

    GC Cheat Sheet: The Hottest Corporate News Of The Week

    President-elect Donald Trump announced that a King & Spalding LLP international trade partner is his choice for U.S. trade representative. Meanwhile, the new general counsel for the largest federal employees' union is expected to fight any attempts to cut government jobs, which the new administration has threatened to do.

  • November 27, 2024

    SEC Exempts More Debt Securities From New Trading Rules

    The U.S. Securities and Exchange Commission is relieving broker-dealers who quote unlisted stocks from increased information-gathering requirements that would have also applied to many fixed-income securities, a development attorneys say will prove welcome for debt issuers.

  • November 27, 2024

    3 Argument Sessions Benefits Attys Should Watch In Dec.

    The U.S. Supreme Court will hear the federal government's constitutional challenge to Tennessee's ban on gender-affirming care for minors, the Ninth Circuit will weigh if Idaho can ban abortions even in emergencies, and the D.C. Circuit will wade into a pension withdrawal liability fight. Here are three argument sessions benefits attorneys should keep an eye on in December.

  • November 27, 2024

    Ballard Spahr Hires Fintech Assistant GC In Atlanta

    Ballard Spahr LLP has brought on the assistant general counsel for financial technology company Fidelity National Information Services Inc. to its Atlanta office, strengthening its intellectual property litigation focus with an attorney who has litigated patents extensively.

  • November 26, 2024

    GE Inks $362.5M Settlement In Investors' Stock Fraud Suit

    General Electric Co. shareholders asked a Manhattan federal judge to greenlight a $362.5 million settlement resolving long-running litigation on the cusp of trial that alleged the industrial giant's stock price plummeted after it was revealed the company fraudulently concealed cash flow problems.

  • November 26, 2024

    X Partially Revives Lawsuit Against Israeli Data Scraping Firm

    X Corp. partially revived its lawsuit Tuesday against Israeli data scraping firm Bright Data after a California federal judge allowed the social media company to amend some of its claims and add new ones, finding X now plausibly alleges the defendant's "sophisticated efforts" to access the platform caused harm.

  • November 26, 2024

    Warner Bros. Hit With Investor Suit Over Failed NBA Deal

    Warner Bros. Discovery Inc. investors Monday filed a proposed class action claiming that the entertainment company and its top brass made false and misleading statements about how negotiations with the NBA were really going and the state of its overall business and financial prospects.

  • November 26, 2024

    Trailer Maker Inks DOJ Deal Over Noncitizen Employment Bias

    Trailer manufacturer Great Dane LLC agreed to pay $436,000 to resolve allegations that one of its Nebraska plants discriminated against non-U.S. citizens during the hiring process, the U.S. Department of Justice announced Monday, releasing new guidance about lawful permanent residents' employment rights.

  • November 26, 2024

    FIFA Must Face Puerto Rico Antitrust Claims, But Not Fraud

    FIFA, its Puerto Rican affiliate and a regional soccer association all must face claims that they tried to block soccer rivals in Puerto Rico, after an island federal judge held that FIFA, like its co-defendants, can only nix fraud claims but not antitrust allegations.

  • November 26, 2024

    Del. Justices Uphold Chancery Toss Of No-Compete Suit

    Delaware's Supreme Court has backed a Court of Chancery finding that private equity firm Court Square Capital Management wrongly withheld nearly $5.4 million in carried interest payments from former partner Kevin Brown after he was accused — three years after his 2016 departure — of violating a no-compete agreement.

  • November 26, 2024

    Amazon Not Liable For Chemical Used In Suicides, Panel Says

    A Washington state appeals court on Monday said Amazon can't be sued for the online sale of a chemical that four people used to kill themselves, in an opinion that said the state's product liability law has not caught up with the "previously unfathomable accessibility to instrumentalities of death."

  • November 26, 2024

    Split 4th Circ. Won't Review Duke Monopoly Suit Revival

    A split Fourth Circuit denied on Tuesday an en banc review petition challenging a decision reviving antitrust allegations against Duke Energy, with the majority writing that granting the review would waste judicial resources, and a dissenting judge slamming the majority for purportedly being at odds with U.S. Supreme Court precedent.

  • November 26, 2024

    Wells Fargo Dodges 2nd Circ. Rehearing In $500M Plunge Suit

    The Second Circuit has rejected a rehearing bid by two investors seeking to revive their proposed class action accusing Wells Fargo Securities LLC of causing a Chicago fund manager lose at least $500 million by wrongfully forcing the liquidation of its mutual fund and other investments.

  • November 26, 2024

    Prosecutor Defends Outside Counsel Hires To Mich. Justices

    A Michigan county's elected prosecutor told the state Supreme Court his stymied request to seek legal advice from outside law firms was valid, arguing he should be able to consult attorneys to manage risk after the county's corporation counsel refused to represent him. 

  • November 26, 2024

    Madigan Pushed Land Transfer After Law Biz Pitch, Jury Told

    A former Chicago alderman testifying against ex-Illinois House Speaker Michael Madigan told jurors Tuesday he connected prospective developers to Madigan, who lobbied to take on their legal work and soon after pushed legislation that would clear the way for their project.

  • November 26, 2024

    Google Search Judge Says AI Will Affect Remedy Phase

    The judge overseeing the government's search monopolization case against Google suggested Tuesday in D.C. federal court that artificial intelligence is shifting the market and will likely play a role in the remedies the court imposes on Google for allegedly violating antitrust law.

  • November 26, 2024

    Insys Founder Kapoor Dropped From Del. Opioid Harm Suit

    A Delaware state court has dropped Insys Therapeutics Inc. founder John N. Kapoor from a 6-year-old lawsuit that originally sought damages from Insys, Kapoor and several Delaware opioid prescribers and suppliers, ruling that the state lacked jurisdiction to pursue him for alleged harm to three state residents, two of them pain management patients.

  • November 26, 2024

    Susman Godfrey Riding 'Coattails' In $147.5M Deal, Court Told

    Susman Godfrey LLP should be denied fees for representing objectors to a $147.5 million global settlement of a life insurance proposed class action in Connecticut, class counsel has argued, saying the firm sought to "impede" rather than secure the deal and only rode class counsel's "coattails."

  • November 26, 2024

    Netflix Ditches Investor Suit Over Account Sharing For Good

    A California federal judge on Tuesday dismissed a proposed class action accusing Netflix and its executives of misleading investors about growth challenges tied to account sharing, concluding "further leave to amend would be futile," since the investor plaintiffs were already given a chance to show that statements made were misleading.

Expert Analysis

  • Opinion

    It's Time To Sound The Alarm About Lost Labor Rights

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    In the Fifth Circuit, recent rulings from judges appointed by former President Donald Trump have dismantled workers’ core labor rights, a troubling trend that we cannot risk extending under another Trump administration, say Sharon Block and Raj Nayak at the Center for Labor and a Just Economy.

  • SEC Fine Shows Risks Of Nonpublic Info In X, LinkedIn Posts

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    The U.S. Securities and Exchange Commission recently announced a settlement with DraftKings over charges arising from posting material nonpublic information on the CEO's social media accounts, highlighting that information posted to company websites and social media sites does not automatically qualify as "publicly disclosed" for purposes of Regulation FD, say attorneys at O'Melveny.

  • Election Unlikely To Overhaul Antitrust Enforcers' Labor Focus

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    Although the outcome of the presidential election may alter the course of antitrust enforcement in certain areas of the economy, scrutiny of labor markets by the Federal Trade Commission and the U.S. Department of Justice is likely to remain largely unaffected — with one notable exception, say Jared Nagley and Joy Siu at Sheppard Mullin.

  • Anticipating Jarkesy's Effect On Bank Agency Enforcement

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    Following the U.S. Supreme Court’s decision in U.S. Securities and Exchange Commission v. Jarkesy, federal courts may eventually issue decisions on banking law principles and processes that could fundamentally alter the agencies' enforcement action framework, and the relationship between banks and examiners, says Brendan Clegg at Luse Gorman.

  • CFTC Anti-Fraud Blitz Is A Warning To Carbon Credit Sellers

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    With its recent enforcement actions against a carbon offset project developer and its senior executives for reporting false information about the energy savings of the company's projects, the Commodity Futures Trading Commission is staking out its position as a primary regulator in the voluntary carbon credit market, say attorneys at Morgan Lewis.

  • Unpacking State AG Approaches To Digital Asset Enforcement

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    Attorneys at Cozen O'Connor survey recent digital asset enforcement by attorneys general nationwide driven by concerns over regulatory gaps where technological developments and market changes have outpaced legislation.

  • 3 Takeaways From Navy Shipbuilder's Fraud Guilty Plea

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    Austal USA’s recent plea agreement over accounting fraud charges highlights for other companies the benefits of cooperating with government investigations, the challenges posed by senior executives’ involvement in misconduct, and the high stakes for defense contractors, say Michael DeBernardis and Shayda Vance at Hughes Hubbard.

  • Opinion

    Legal Institutions Must Warn Against Phony Election Suits

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    With two weeks until the election, bar associations and courts have an urgent responsibility to warn lawyers about the consequences of filing unsubstantiated lawsuits claiming election fraud, says Elise Bean at the Carl Levin Center for Oversight and Democracy.

  • Peeling Back The Layers Of SEC's Equity Trading Reforms

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    The U.S. Securities and Exchange Commission's recently adopted amendments lowering the tick sizes for stock trading and reducing access fee caps will benefit investors and necessitate broad systems changes — if they can first survive judicial challenges, say attorneys at Sidley.

  • What Being An 'Insider' Means In Ch. 11, And Why It Matters

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    As borrowers grapple with approaching near-term maturities on corporate debt, lenders should be proactive in mitigating the risks of being classified as an insider in potential bankruptcies, including heightened scrutiny, preference risk, plan voting and more, say David Hillman and Steve Ma at Proskauer.

  • How Cos. Can Build A Strong In-House Pro Bono Program

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    During this year’s pro bono celebration week, companies should consider some key pointers to grow and maintain a vibrant in-house program for attorneys to provide free legal services for the public good, says Mary Benton at Alston & Bird.

  • Bristol-Myers Win Offers Lessons For Debt Security Holders

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    A New York federal judge's recent dismissal of a $6.4 billion lawsuit against Bristol-Myers Squibb, due to plaintiff UMB Bank's lack of standing, serves as an important reminder to debt security holders to obtain depositary proxies before pursuing litigation, say attorneys at Milbank.

  • Series

    Home Canning Makes Me A Better Lawyer

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    Making my own pickles and jams requires seeing a process through from start to finish, as does representing clients from the start of a dispute at the Patent Trial and Appeal Board through any appeals to the Federal Circuit, says attorney Kevin McNish.

  • Avoiding Merger Disputes Via Careful LLC Agreement Drafting

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    The Delaware Court of Chancery recently upheld a merger in a dispute over the process of amending the target's limited liability company agreement, underscoring the importance of understanding the Delaware LLC Act default rules and careful drafting to allow for contractual modifications, says Jane Trueper at Lathrop.

  • Navigating The Bankruptcy Terrain After Purdue Pharma

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    The U.S. Supreme Court’s June ruling in Harrington v. Purdue Pharma is having a significant impact on bankruptcies, with recent cases addressing nonconsensual third-party releases and opt-out mechanisms, and highlighting strategies practitioners can employ to avoid running afoul of the decision, say Brett Axelrod and Agostino Zammiello at Fox Rothschild.

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