The D.C. Circuit on Friday affirmed a $612 million jury verdict against the Federal Housing Finance Agency, Fannie Mae and Freddie Mac, agreeing with a lower court's finding that the jury was provided with "ample evidence" reasonably leading to its conclusion that FHFA improperly amended stock purchase agreements related to the companies.
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MONDAY, JULY 27, 2026 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

Fannie, Freddie Investors' $612M Trial Win Affirmed

By Katryna Perera

The D.C. Circuit on Friday affirmed a $612 million jury verdict against the Federal Housing Finance Agency, Fannie Mae and Freddie Mac, agreeing with a lower court's finding that the jury was provided with "ample evidence" reasonably leading to its conclusion that FHFA improperly amended stock purchase agreements related to the companies.

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Abbott Beats 'Supersized' Investor Suit Over Formula Recall

By Dorothy Atkins

An Illinois federal judge tossed a proposed securities class action accusing Abbott Laboratories of misleading shareholders about its safety practices ahead of the 2022 recall at its Sturgis, Michigan, infant formula plant, saying Friday that "despite its girth," the "supersized" complaint says "too much and too little," and still needs more information to be viable.

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Analysis

Top Product Liability Cases Of 2026: Midyear Report

By Emily Field

In one of the most-watched cases for product liability so far this year, the U.S. Supreme Court ruled that failure-to-warn claims about the alleged cancer risks of Monsanto's widely used pesticide Roundup are barred by federal law. Social media titans were also rocked by the first verdicts delivered in cases alleging mental health harms to youth.

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Analysis

Data Privacy & AI Issues To Watch For The Rest Of 2026

By Allison Grande

Federal and state lawmakers are expected in the coming months to keep pressing efforts for companies to do more to keep children safe online and rein in potentially harmful uses of emerging artificial intelligence systems, while the California Legislature ponders a measure that's aimed at easing the explosion of wiretap litigation under a decades-old state law.

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'False Innuendo': Sanctioned Davis Wright Atty Rips Fee Bid

By Jeff Overley

A Davis Wright Tremaine LLP partner sanctioned for subpoena tactics is fiercely contesting a plaintiffs firm's six-figure fee bid, telling a California federal court that the request misleadingly cites alleged misconduct in separate litigation, reflecting a "naked attempt to prejudice the court's view of counsel."

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EMPLOYMENT & BENEFITS

Cushman & Wakefield 401(k) Climate Risk Suit Shipped To Ill.

By Isaac Monterose

A proposed class action accusing commercial real estate services giant Cushman & Wakefield of mismanaging its 401(k) plan by including a fund that ignores climate change-related financial risks has been transferred to Illinois federal court by a Washington federal judge, according to a recently filed order.

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Surgical Co. Trims Tobacco Fee Suit In Texas

By Kellie Mejdrich

A Texas federal judge pared some claims from a proposed class action alleging that a surgical company wrongly imposed a surcharge on the health plans of workers who used tobacco, while opening discovery on other allegations she found had stated a claim for violating federal benefits law.

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SECURITIES

9th Circ. Affirms Dismissal Of Investor Suit Against SunPower

By Craig Clough

The Ninth Circuit on Friday affirmed the dismissal of a proposed securities class action accusing solar power equipment company SunPower and some of its leaders of concealing a product defect, finding the plaintiffs did not plausibly allege the company had advance knowledge of the issue.

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Cogent Investors Say ISP Misled Them About Wavelength Biz

By Nadia Dreid

Cogent Communications has been hit with a stock drop suit accusing it of misleading investors about the viability of its wavelength business, which the company had billed as the solution to financial issues that arose after purchasing Sprint's wireline business for $1.

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Onsemi Beats Securities Suit Over Supply Deal Statements

By Sydney Price

Semiconductor manufacturing company Onsemi has beaten a shareholder's suit accusing it of misleading investors about the value of its long-term customer contracts, with an Arizona federal court ruling that the third version of the complaint suffers from the same pleading defects as its predecessors.

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Microsoft Seeks To Pause Or Exit Teams BIPA 'Voiceprint' Suit

By Rachel Riley

Microsoft urged a Washington federal judge Thursday to pause a proposed class action alleging its Teams software illegally intercepts meeting participants' "voiceprints" and force several of the Illinois residents to arbitrate their claims individually, or else dispose of the revised complaint entirely on the grounds that the plaintiffs still haven't detailed their interactions with the challenged feature.

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COMPETITION

Paramount Promises Not To Close Merger During Challenge

By Bryan Koenig

Paramount Skydance Corp. took a fight over a preliminary injunction off the table Friday with a promise not to close its $110 billion acquisition of Warner Bros. Discovery Inc. until June 2027 or when a California federal judge rules on the merits of challenges to the deal.

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Apple Beats Bid To Revive COVID App Antitrust Suit

By Rae Ann Varona

The D.C. Circuit on Friday refused to revive an antitrust lawsuit that accuses Apple of unlawfully tying its iPhone to its App Store and monopolizing access to COVID-19 tracing apps, saying an app developer that sued the tech giant failed to plausibly allege relevant product markets for its claims.

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NCAA Urges Judge To Not Let Athletes 'Rewrite' NIL Deal

By Alex Lawson

The NCAA has opposed an effort to relax the oversight of college athletes' third-party branding deals, telling a California federal judge that the players are looking to "rewrite" a historic antitrust settlement. 

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Lowe's Halogen Work Lights Pose Severe Burn Risk, Suit Says

By Gina Kim

Lowe's was hit with a proposed class action in California federal court Friday alleging halogen stand work lights sold under the brand name Utilitech are falsely marketed as being safe to use while hiding the light's exterior surfaces can grow dangerously hot, posing severe burn risks to users.

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NCAA Says Colo. Athletes Agreed To 4-Year Eligibility

By Zach Dupont

The NCAA fired back on a dozen college athletes seeking a preliminary injunction to compete next season and class certification, arguing to a Colorado federal judge Thursday that the NCAA does not have to retroactively enforce its new five-season eligibility rule.

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PRODUCT LIABILITY

Abbott Wins 7th Circ. Fight Over Baby Formula Warning

By Rae Ann Varona

The Seventh Circuit on Friday refused to revive a woman's claims that Abbott Laboratories failed to warn about the dangers of a Similac-brand infant formula her baby drank before dying of a serious gastrointestinal disease, saying she failed to show that her suggested alternative warning would have saved her baby.

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Pet Medical Co. Sheds Dog Arthritis Drug Suit For Good

By Mike Curley

A New Jersey federal judge has thrown out for good a proposed nationwide class action alleging Zoetis Inc. hid the dangerous side effects of its canine osteoarthritis drug, finding the complaint failed to plead the plaintiffs relied on any misrepresentations to their dogs' detriment.

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Roundup

UK Litigation Roundup: Here's What You Missed In London

By Megan Norcott

The past week in London has seen financial advice firm Smith Square Partners sue ailing social housing company Home REIT, Pogust Goodhead hit with a contract claim by one of its investors, and Entain faced with its latest claim in expanding litigation linked to alleged bribery at its former Turkish business. Here, Law360 looks at these and other new claims in the U.K.

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CYBERSECURITY & PRIVACY

Brief

Wellstar To Pay $4.25M To End Patient Data-Sharing Suit

By Patrick Hoff

Wellstar Health System Inc. will pay $4.25 million to resolve a proposed class action alleging it used tracking and collection tools to share confidential health information with Meta Platforms and Google without patients' consent, according to a federal court filing.

Motion attached | Read full article » | Save to favorites »

WhatsApp Privacy Fight Tossed, But Meta Loses Sanctions Bid

By Dorothy Atkins

A California federal judge has dismissed with leave to amend a putative class action alleging Meta Platforms Inc. employees access WhatsApp users' encrypted messages despite Meta's privacy promises, finding the WhatsApp users need to beef up their whistleblower allegations, while also denying Meta's request for sanctions.

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CONSUMER PROTECTION

Illinois Judge Tosses Suit Aimed At High School Speed Zone

By Lauraann Wood

An Illinois federal judge has tossed a Chicago driver's proposed class lawsuit challenging two speeding tickets she received in a high school safety zone, adding that one claim requires administrative adjudication before it returns to court.

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BANKING

Traders Say Louis Dreyfus Can't Decert, Arbitrate Cotton Suit

By Bryan Koenig

Cotton futures traders want a New York federal judge to keep their certified class action moving toward trial, arguing that Louis Dreyfus Commodities BV has no basis to force some class members into arbitration or to disqualify the named plaintiff and undo certification.

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EXPERT ANALYSIS

Class Actions At The Circuit Courts: July Lessons

In this month's review of class action appeals, Mitchell Engel at Shook Hardy discusses four recent rulings involving wage and hour allegations, medical care for incarcerated individuals, oil and gas royalty payments, and nuisance claims.

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LEGAL INDUSTRY

Goldstein Gets 6-Year Sentence, Bond Revoked

By Jared Foretek

Thomas Goldstein, the famed U.S. Supreme Court attorney and founder of SCOTUSblog whose turn into the world of ultra-high-stakes poker ultimately landed him federal tax and mortgage fraud convictions, was sentenced to six years in prison; he was taken into custody and out of court in handcuffs Friday.

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Disciplinary File Opened On Atty Repping Trump In IRS Fight

By James Boyle

A disciplinary file was opened recently on one of the attorneys representing President Donald Trump who helped him reach a deal with the Internal Revenue Service to settle a lawsuit that a Florida federal judge said was meant to "manipulate the judicial process."

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Patriot National CEO Wasn't Simpson Thacher Client, Jury Told

By Madison Arnold

Another Simpson Thacher & Bartlett LLP attorney took the stand Friday in a Florida malpractice trial brought by the founder of Patriot National Inc. to push back on the idea the founder was actually a client of the firm in the time leading up to his insurance services company declaring bankruptcy.

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Roundup

Balancing The Scales: Geofence Clarity, Post-Hunter Scrutiny

By Orlando Lorenzo

The U.S. Supreme Court deemed geofence warrants as searches under the Fourth Amendment, and the justices’ ruling in Hunter spurs a conversation of what the bar should be for criminal appeal waivers. Here, Law360 highlights access to justice stories arising from litigation, verdicts and judgments you may have missed.

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Feature

The White Collar Boutique 'Renaissance' Is Here

By Phillip Bantz

Unprecedented political pressure on BigLaw, dwindling opportunities at elite firms, powerful legal tech tools and broad slowdowns in white collar enforcement are fueling a remarkable boom in boutique law firm growth, experts say.

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Ex-Immigration Judge Says Firing Is Part Of Biased Anti-DEI Push

By Bonnie Eslinger

A former immigration judge has sued the U.S. Department of Justice in California federal court claiming she was pushed off the bench because she is Black and female, and previously advocated for immigrant clients as an attorney — and saying dozens of similarly situated judges were also fired or denied permanent positions.

Complaint attached | Read full article » | Save to favorites »

Ala. State Bar Sets Guidance For Atty AI Use, Billing

By Emily Sawicki

The Alabama State Bar has released a formal opinion to guide attorneys on the ethical use of artificial intelligence, cautioning lawyers to be transparent with their clients about their use of AI to avoid unethically inflated billing while encouraging attorneys to utilize the evolving technology.

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Over 100 Legal Aid Staffers Strike In Harlem And The Bronx

By Andrea Keckley

Over 100 legal aid attorneys, social workers and advocates in Harlem and the Bronx went on strike Friday, with the possibility of more to come in the New York City area.

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GC Cheat Sheet: The Hottest Corporate News Of The Week

By Sue Reisinger

General counsel are gearing up again to help their companies adapt to the impact of a new round of U.S. tariffs. And the chief legal officer of Alphabet and Google lashed out at the European Commission over search engine changes it is demanding, after the EU imposed a $1 billion fine on Google for violating competition laws.

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Law360's Legal Lions Of The Week

By Kevin Penton

Sullivan & Cromwell LLP and McGuireWoods LLP lead this week's edition of Law360 Legal Lions, after the Fourth Circuit reversed class certification in an investor lawsuit against Boeing over the company's alleged concealment of safety issues with its 737 Max fleet.

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In Case You Missed It: Hottest Firms And Stories On Law360

For those who missed out, here's a look back at the law firms, stories and expert analyses that generated the most buzz on Law360 last week.

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LAW FIRMS IN TODAY'S NEWS

Adams Duerk

Addleshaw Goddard

ArentFox Schiff

Arnold & Porter

Ashurst Perkins

Baker McKenzie

Beasley Allen

Berger Montague

Bernstein Litowitz

Bertling Law Group

Boies Schiller

Bray & Krais

Brito PLLC

Brooks Pierce

Burns Charest

Butler Snow LLP

Byrnes Keller

CMS Cameron McKenna

Cheshire Parker

Cleary Gottlieb

Clifford Chance

Clyde & Co

Cohen Milstein

Conrad & Scherer

Cooley LLP

Cooper & Kirk

Covington & Burling

Cuneo Gilbert

DAC Beachcroft

DLA Piper

DWF LLP

Davis Wright Tremaine

Dechert LLP

Dorsey & Whitney

Egality Law

Eversheds Sutherland

Faegre Drinker

Farmer Brownstein

Fieldfisher

Fox Williams

Fried Frank

Furley Page

Gibson Dunn

Gilbert Employment Law

Glancy Prongay

Gordon Rees

Gornitzky & Co.

Grant & Eisenhofer

Gutride Safier

Hagens Berman

Haun Mena

Hogan Lovells

Holland & Knight

Holtzman Vogel

Ice Miller

Jones Day

Keller Postman

Keller Rohrback

Kendall Law Group PLLC

Kennedys Law LLP

Kessler Topaz

King & Spalding

Kirkland & Ellis

Knobbe Martens

Labaton Keller

Latham & Watkins

Leventhal Puga

Levi & Korsinsky

Levin Law PA

Levin Rojas

Lewis Silkin

Lovell Stewart

Lowell & Associates

Lowenstein Sandler

McGovern Weems

McGuireWoods

Milbank LLP

Mishcon de Reya

Morgan Lewis

Motley Rice

Munger Tolles

Nabarro LLP

Neal Gerber

Nelson Mullins

O'Melveny & Myers

Ogletree Deakins

Orrick Herrington

Osborn Maledon

Parafinczuk Wolf

Patterson Belknap

Paul Weiss

Pinsent Masons

Pogust Goodhead

Quinn Emanuel

Reed Smith

Reynolds Porter

Robbins Geller

Rosing Pott

Schertler Onorato

Shakespeare Martineau

Shinder Cantor

Shindler Anderson

Shook Hardy

Shoosmiths LLP

Shumaker Loop

Simons Muirhead Burton

Simpson Thacher & Bartlett

Siri & Glimstad

Skadden Arps

Smith Krivoshey

Smith Square Partners LLP

Spector Roseman

Stearns Weaver

Stephens Scown

Sullivan & Cromwell

Treanor Devlin Brown

Troutman

Venable LLP

Weightmans LLP

Wheeler Trigg

White & Case

Wilkinson Stekloff

Williams & Connolly

Willkie Farr

WilmerHale

Wilson Sonsini

Winston Taylor

gunnercooke LLP

COMPANIES IN TODAY'S NEWS

A.P. Moller-Maersk

AT&T Inc.

Abbott Laboratories

Adobe Inc.

Alphabet Inc.

Amazon.com Inc.

American Arbitration Association

American Bar Association

Apple Inc.

Aypa Power

Bayer AG

BriefCatch

British Broadcasting Corp.

Brookfield Asset Management Ltd.

Brooklyn Defender Services

Burford Capital LLC

Center for Family Representation Inc.

Christy Sports LLC

Cliffs Notes Inc.

Cogent Communications Holdings Inc.

Comcast Corp.

Compass Minerals International, Inc.

Concord

Crain Communications Inc.

Cushman & Wakefield Inc.

DaVita Inc.

Deer Valley Resort Co.

Deloitte Touche Tohmatsu Ltd.

Democracy Forward Foundation

Entain PLC

Federal National Mortgage Association

Federated Hermes Inc.

Federation Internationale de Football Association

Fort Point Capital

Found

Freddie Mac

Glencore PLC

Google LLC

Imperial Brands PLC

Imperial Tobacco

Instagram Inc.

Jack In The Box Inc.

Johnson & Johnson

KBC Group NV

Ladbrokes PLC

LexisNexis Legal & Professional

Libyan Investment Authority

LinkedIn Corp.

Lions Gate Entertainment Corp.

Louis Dreyfus Holding B.V.

Lowe's Cos. Inc.

Masimo Corp.

Mediterranean Shipping Co. SA

Mercedes-Benz USA LLC

Meta Platforms Inc.

Michigan State University

Microsoft Corp.

Monsanto Co.

NBCUniversal Media LLC

Nasdaq Inc.

National Collegiate Athletic Association

National Grid PLC

Neighborhood Defender Service of Harlem

Nike Inc.

ON Semiconductor Corp.

OpenAI OpCo LLC

Orbit International Corporation

Paramount Global

Patriot National Inc.

Perry Capital LLC

Pfizer Inc.

Planned Parenthood Federation of America Inc.

Porsche

Public Citizen Inc.

QUALCOMM Inc.

RELX PLC

Samsung Electronics Co. Ltd.

Skydance Media LLC

Sony Pictures Entertainment Inc.

Space Exploration Technologies Corp.

Stifel Financial Corp.

SunPower Corporation

Syngenta AG

T-Mobile US Inc.

The Bronx Defenders

The Florida Bar

The Kroger Co.

The Walt Disney Co.

Uber Technologies Inc.

United Surgical Partners International Inc.

Universal Studios Inc.

Virgin Media Inc.

Warner Bros. Discovery Inc.

Warner Bros. Entertainment Inc.

WellStar Health System Inc.

Wexford Health Sources Inc.

Writers Guild of America East

Zoetis Inc.

GOVERNMENT AGENCIES IN TODAY'S NEWS

California Attorney General's Office

California Privacy Protection Agency

Companies House

Cook County Circuit Court

Employee Benefits Security Administration

Equal Employment Opportunity Commission

European Commission

European Union

Executive Office for Immigration Review

Executive Office of the President

Federal Communications Commission

Federal Housing Finance Agency

Federal Trade Commission

Food and Drug Administration

Internal Revenue Service

Los Angeles Superior Court

Michigan Supreme Court

National Telecommunications and Information Administration

New Jersey Supreme Court

New Mexico Attorney General's Office

Office of the U.S. Trade Representative

Ohio Supreme Court

Serious Fraud Office

The Crown Prosecution Service

U.S. Court of Appeals for the District of Columbia Circuit

U.S. Court of Appeals for the Fourth Circuit

U.S. Court of Appeals for the Ninth Circuit

U.S. Court of Appeals for the Second Circuit

U.S. Court of Appeals for the Seventh Circuit

U.S. Court of Appeals for the Tenth Circuit

U.S. Department of Homeland Security

U.S. Department of Justice

U.S. Department of Labor

U.S. Department of the Treasury

U.S. District Court for the Central District of California

U.S. District Court for the District of Arizona

U.S. District Court for the District of Columbia

U.S. District Court for the District of Maryland

U.S. District Court for the District of New Jersey

U.S. District Court for the District of Oregon

U.S. District Court for the Eastern District of California

U.S. District Court for the Northern District of California

U.S. District Court for the Northern District of Georgia

U.S. District Court for the Northern District of Illinois

U.S. District Court for the Northern District of Texas

U.S. District Court for the Southern District of Florida

U.S. District Court for the Southern District of New York

U.S. District Court for the Southern District of West Virginia

U.S. District Court for the Western District of Washington

U.S. Environmental Protection Agency

U.S. House of Representatives

U.S. Immigration and Customs Enforcement

U.S. Securities and Exchange Commission

U.S. Senate

U.S. Supreme Court

UK High Court

United Nations

United States District Court for the District of Colorado

United States District Court for the District of Kansas

World Health Organization