SEC's Top Cop Departing After Record-Breaking Tenure

By Jessica Corso

The U.S. Securities and Exchange Commission announced Wednesday that enforcement director Gurbir Grewal will be leaving the agency next week following a three-year tenure, during which the agency brought in record penalties and frequently clashed with crypto industry participants objecting to a string of lawsuits brought under Grewal's leadership.

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Convicted Judge Owes Feds Retirement Funds, 7th Circ. Says

By Lauren Berg

A former Illinois judge convicted of running a $1.4 million mortgage fraud scheme must cough up assets from her retirement accounts to cover her restitution obligations, the Seventh Circuit ruled Wednesday, agreeing with a Chicago district court that the government can access her retirement savings to satisfy that debt.

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2nd Circ. Won't Nix Amazon Awards Against Chinese Sellers

By Caroline Simson

A pair of Chinese third-party sellers were unable to convince the Second Circuit to vacate arbitral awards favoring Amazon after the sellers allegedly bribed customers for positive reviews, with the appeals court rejecting their argument that the arbitrators manifestly disregarded the law.

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TikTok Can't End Browser Privacy MDL

By Lauraann Wood

An Illinois federal judge on Tuesday held TikTok and parent company ByteDance to multidistrict litigation in which users claim the video platform's in-app browser illegally tracks activity on third-party sites, and gave the plaintiffs a chance to replead one claim under California law.

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Analysis

Top 3 Groups Lobbying The FCC

By Christopher Cole

The Federal Communications Commission heard from advocates more than 100 times in September on the FCC's effort to clamp down on scam robocalls, rules to spur broadband deployment, revamping the 4.9 gigahertz airwaves, satellite spectrum and more.

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Wi-Fi Has All The Spectrum It Needs, Mobile Group Says

By Jared Foretek

Wi-Fi performance gains won't come from more unlicensed spectrum use, a new report commissioned by telecommunications trade group CTIA said Wednesday.

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Coinbase Seeks CFTC Docs To Defend SEC Enforcement Case

By Aislinn Keely

Coinbase has asked a Washington, D.C., federal court to direct the Commodity Futures Trading Commission to produce communications the regulator may have had with certain digital asset issuers as the cryptocurrency exchange prepares to defend registration claims from the U.S. Securities and Exchange Commission in New York.

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Credit Repair Co. Owes $50M In CFPB, Mass. AG Case

By Sydney Price

The Consumer Financial Protection Bureau and Massachusetts' attorney general scored a $50 million win in their suit against a credit repair service and its owner after a Bay State federal judge determined that they violated federal and state consumer protection laws by falsely promising credit score improvements and illegally charging advance fees.

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CFPB's $5M Student Loan Deal Gets OK Over PIMCO Objections

By Jon Hill

A Pennsylvania federal judge has finalized a proposed $5 million settlement of a Consumer Financial Protection Bureau case that alleged pandemic-era servicing failures involving securitized student loans, overruling objections that money manager PIMCO raised on behalf of loan investors.

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Hyundai, Kia Drivers' $145M Car-Theft Deal Wins Final OK

By Linda Chiem

A California federal judge has signed off on a $145 million settlement that closes out consolidated consumer claims alleging Hyundai and Kia knowingly sold defective vehicles with design flaws that spawned a car-theft crime wave following a viral TikTok trend that popularized tips for breaking into their cars.

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GM Must Face Auto Part Co.'s Raid Conspiracy Counterclaim

By Carolyn Muyskens

General Motors can't slip an aftermarket car parts company's accusation that the auto giant was behind a government raid of its warehouses, a Michigan federal judge ruled Tuesday, allowing two of Quality Collision's counterclaims in a GM-filed patent infringement suit to stand.

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This Is L Can't Toss Tampon Misleading Labeling Suit

By Mike Curley

A New York federal judge on Wednesday declined to toss a suit alleging that This Is L. Inc. misleads consumers by advertising its tampons as having no "chlorine bleaching, dyes or fragrances" when it includes a pigment.

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Nipple Cover Co. Can't Nix 'Grippy, Not Sticky' False Ad Suit

By Gina Kim

A California federal judge on Wednesday declined to nix a proposed class action claiming Cakes Body falsely touts its reusable pasties as stay-in-place but that they don't work the way they're advertised, finding the plaintiff plausibly alleges the "grippy, not sticky" representations describing the product are misleading to consumers.

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Steph Curry Card Suit Can Proceed, Texas Judge Rules

By Tom Lotshaw

Sports card grader Beckett Collectibles LLC must face a negligent misrepresentation lawsuit alleging it gave an unwarranted "9.5 gem mint" rating to a Steph Curry basketball card that had actually been altered and was later purchased for $168,000, a Texas federal judge ruled on Tuesday.

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ExecuPharm Agrees To Pay Ransomware Victims $10K Each

By James Boyle

U.S. pharmaceutical giant ExecuPharm will pay victims of a data breach up to $10,000 in reimbursements, compensation for lost time, three years of credit monitoring, and $675,000 in attorney fees after a Pennsylvania federal judge gave his final approval to a class action settlement.

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Supplement Co. Hits Back At TM Suit, Alleges Fake Reviews

By Ryan Harroff

Supplement-maker Nutranext Business LLC failed to disclose that a doctor promoting its products is a paid influence, artificially inflated its positive reviews on Amazon and misrepresented a study that purports to show the benefits of using its products, according to new counterclaims filed by a competitor it sued for trademark infringement.

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Pfizer Didn't Warn Of Tumor Risks In Depo-Provera, Suit Says

By Gina Kim

Pfizer Inc. faces a product liability and negligence suit filed Tuesday in California federal court alleging it distributed the hormonal contraceptive drug Depo-Provera without adequately warning patients and doctors about the risk of brain tumors associated with its use, a danger that has been widely published in scientific journals for years.

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Tesla Sued By Driver Shocked At NJ Charging Station

By George Woolston

A Garden State woman alleged that a design defect in the Tesla Supercharger caused her to be shocked while attempting to unplug her Tesla from a charging station at a southern New Jersey shopping center, according to a suit filed in New Jersey state court.

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Gordon Rees Atty Asks Judge To Rethink Malpractice Ruling

By Hope Patti

A Gordon Rees Scully Mansukhani LLP attorney urged a Washington state court to reconsider a recent ruling denying the dismissal of legal malpractice claims brought by the insurer for a climbing equipment manufacturer, saying the assignment and subrogation of professional liability claims is improper.

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Wells Fargo, AAA Misrepresent Arbitration Process, Suit Says

By Caroline Simson

Wells Fargo and the American Arbitration Association have been hit with a proposed class action accusing them of colluding to fraudulently induce consumers into accepting a fundamentally unfair arbitration process, thereby giving up their right to litigate claims over allegedly unfair overdraft fees.

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SEC Plans To Appeal Ripple Labs Decision To 2nd Circ.

By Aislinn Keely

The U.S. Securities and Exchange Commission told a New York federal judge on Wednesday that it plans to appeal her decision in its registration suit against blockchain firm Ripple Labs to the Second Circuit.

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Colony Ridge Seeks Quick Appeal In 'Reverse Redlining' Suit

By Katryna Perera

A Texas real estate developer that recently lost a bid to exit a lending discrimination suit brought by the U.S. government and the Consumer Financial Protection Bureau has moved to begin a Fifth Circuit appeal, arguing the "novelty" of the case's reverse redlining theory warrants immediate appellate review.

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Conn. Receiver Gains Access To Apt. Co-Op's BofA Accounts

By Brian Steele

Bank of America agreed to provide a court-appointed receiver with access to a distressed housing cooperative's bank accounts Wednesday amid efforts by the municipalities of Bridgeport and Stratford, Connecticut, to obtain a court order.

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Ex-PBM Worker Says He Bribed Co-Workers In $160M Fraud

By Catherine Marfin

A former employee of a pharmacy benefit manager told a Texas federal jury on Wednesday that he accepted more than $180,000 in bribes over five years from a Houston man accused of running a multimillion-dollar healthcare fraud, testifying that he would often accept money to bribe his co-workers with.

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Brief

3rd Firearms Co. Settles Conn. AG's 'Ghost Gun' Suit

By Ryan Harroff

Another firearm firm has settled with Connecticut Attorney General William Tong to resolve his claims it was selling "ghost gun" components unlawfully in a deal that involves the company dissolving itself, handing over its web domain and deleting all of its social media, Tong announced Wednesday.

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Navigating The Complexities Of Cyber Incident Reporting

When it comes to cybersecurity incident response plans, the uptick in the number and targets of legal and regulatory actions emphasizes the necessity for businesses to document the facts underlying the assumptions, complexities and obstacles of their decisions during the incident response, say attorneys at Troutman Pepper.

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Aviation Watch: Boeing Plea Agreement May Not Serve Public

The proposed plea agreement between the U.S. Department of Justice and Boeing — the latest outgrowth of the company's 737 Max travails — is opposed by crash victims' families, faces an uncertain fate in court, and may ultimately serve no beneficial purpose, even if approved, says Alan Hoffman, a retired attorney and aviation expert.

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Using Primacy And Recency Effects In Opening Statements

By understanding and strategically employing the primacy and recency effects in opening statements, attorneys can significantly enhance their persuasive impact, ensuring that their narrative is both compelling and memorable from the outset, says Bill Kanasky at Courtroom Sciences.

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These Are The Legal Chiefs Who Command Top Dollar

By Michele Gorman

With the increasingly dynamic role of the top corporate lawyer playing out across sectors — as well as stock awards that far outpace the amounts they see in their salaries and bonuses — the pay packages for most general counsel and chief legal officers continue to stay strong.

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The 2024 Compensation Report: General Counsel

Law360 Pulse looks at the pay of the best-compensated legal chiefs at S&P 500 companies. Find out who’s making the most and which law firms and schools have the most alumni in these high-profile posts.

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NYC Mayor Adams May Face More Charges, Feds Say

By Frank G. Runyeon

Prosecutors told a Manhattan federal judge Wednesday it was "possible" they would charge New York City Mayor Eric Adams with additional crimes in his corruption case, indicating they have evidence he told witnesses to lie to the FBI.

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Bullying In Law Is Pervasive, Drives Turnover, Ill. Attys Say

By Aebra Coe

Nearly a quarter of those who responded to a recent large-scale survey of Illinois lawyers said they had been bullied at work within the last year, with those numbers spiking among women and other traditionally underrepresented attorneys in the profession, a report released Tuesday found.

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Ex-Federal Judge's Sex Misconduct Spurs New Criminal Trial

By Ryan Boysen

The sexual misconduct scandal that toppled a federal judge in Alaska has now caused a criminal conviction to be overturned, despite prosecutors' insistence that the judge's "out-of-court judicial misconduct" had no effect on the trial.

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Progressive Group Staffs Up For Judicial Nominee Fights

By Courtney Bublé

With a little over a month until Election Day, a progressive organization announced a slate of new hires to prepare for judicial confirmation battles and fight for court reform on Wednesday.

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Maine's First Female Federal Judge To Take Semiretired Status

By Courtney Bublé

U.S District Judge Nancy Torresen, the first woman to hold a federal judgeship in Maine, will take semiretired status next year.

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Cahill Adds House Oversight Atty Who Handled Biden Probe

By Rachel Scharf

Cahill Gordon & Reindel LLP announced Wednesday it hired the former head lawyer for the U.S. House Committee on Oversight and Accountability, whose work includes guiding an impeachment probe into President Joe Biden.

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Kirkland Accuses Ex-IP Atty Of Delaying Bias Suit Discovery

By Dorothy Atkins

Kirkland & Ellis LLP told a California federal magistrate judge Wednesday that a former Kirkland intellectual property associate has delayed discovery production in her discrimination lawsuit against the firm, arguing that her discovery responses cite an erroneous legal standard, are non-committal and are "not even close to being proper."

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Q&A

Fried Frank's M&A Co-Head Views Rate Cuts, AI With Caution

By Al Barbarino

While it might be tempting to jump with joy about the Federal Reserve's recent rate cut, Philip Richter, co-head of Fried Frank's mergers and acquisitions practice, takes a more measured view. Here, Law360 talks to Richter about the rate cut, the upcoming presidential election, artificial intelligence and more.

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Tenn. Atty Sues Federal Court, Judges Over Gag Order Rule

By Jack Karp

A rule of the U.S. District Court for the Middle District of Tennessee barring attorneys from making "any extrajudicial statements" about cases pending in the district violates the First Amendment and should be blocked, according to a Nashville civil rights lawyer.

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MSU Halted Paying Legal Bills After Critical Report, Firm Says

By Danielle Ferguson

Michigan State University stopped paying outside counsel to defend its board of trustees chair after an investigative report appeared to support claims the chair bullied colleagues, the counsel said, filing a state complaint seeking two months' worth of fees.

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