Michael Jordan's Race Team Sues NASCAR Over Monopoly

By Elaine Briseño

NASCAR has exploited its economic power to dominate the market, allowing no other motorsport series to compete, according to an antitrust lawsuit filed Wednesday in North Carolina federal court by two racing teams, including one owned by Michael Jordan.

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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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DC Circ. Says Election Betting Contracts Can Go Live

By Aislinn Keely

The D.C. Circuit on Wednesday allowed betting on election outcomes to move forward after finding that the U.S. Commodity Futures Trading Commission hasn't shown that KalshiEx's listing of election-based event contracts would likely harm the public while the regulator challenges a ruling that gave the trading platform the green light to offer such services.

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NC Judge Ends NIL Ban For State's Public School Athletes

By David Steele

North Carolina public school athletes can now be compensated for their name, image and likeness, thanks to a preliminary injunction granted by a state judge that overturned a ban by the state board of education.

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Brooklyn Man Cops To Placing Rigged NBA Bets

By Elliot Weld

A Brooklyn man pled guilty Wednesday to conspiring with former NBA player Jontay Porter and several other men to place fraudulent bets on basketball games and guarantee payouts.

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Sports Field Sweeper Inventor Says Sons Infringed Patent

By Elaine Briseño

An Australian company that invented a mechanical sweeper system to clean sports fields alleges in a Colorado federal lawsuit that the sons of the technology's inventor are selling infringing sweepers in the United States.

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Settlement Talks Fizzle As Soccer Antitrust Fight Plows Ahead

By Alex Lawson

Hopes for a quick resolution in the antitrust brawl between the U.S. Soccer Federation and promoter Relevent Sports LLC seem dashed as the two sides informed a New York federal judge that settlement talks have stalled.

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Brief

White Ex-Coach Won't Get 11th Circ. Redo In Bias Suit

By Tom Lotshaw

An Eleventh Circuit panel on Wednesday rejected a former football coach's request to reconsider its decision not to reopen a lawsuit alleging that a Georgia school district refused to renew his contract because he is white.

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Paul Weiss-Led Altor Nabs Majority Stake In CCM Hockey

By Jade Martinez-Pogue

Paul Weiss Rifkind Wharton & Garrison LLP-led Altor Equity Partners on Wednesday announced that its Altor Fund VI has nabbed a "significant majority" stake in hockey stick maker CCM Hockey.

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Bally Sports Owner's Ch. 11 Plan Ditches MLB TV Deals

By Vince Sullivan

A new Chapter 11 plan filed by the owner of Bally Sports-branded regional sports networks would reject all but one of the company's broadcast deals with MLB teams, but would maintain contracts with professional basketball and hockey partners while swapping existing debt for reorganized equity.

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Secret Service Failures Offer Lessons For Private Sector GCs

The Secret Service’s problematic response to two assassination attempts against former President Donald Trump this summer provides a crash course for general counsel on how not to handle crisis communications, says Keith Nahigian at Nahigian Strategies.

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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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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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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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