Barclays has told a London court that it rightfully refused to transfer approximately $13 million back to a sanctioned shipping company at Reed Smith LLP's request after a collapsed tanker deal, arguing that it declined so it could avoid violating sanctions.
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TOP NEWS

Reed Smith's $13M Ask May Breach Sanctions, Barclays Says

By William Janes

Barclays has told a London court that it rightfully refused to transfer approximately $13 million back to a sanctioned shipping company at Reed Smith LLP's request after a collapsed tanker deal, arguing that it declined so it could avoid violating sanctions.

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New Treasury Rule Amps Up Reporting Burden For Banks

By Jennifer Doherty

The U.S. Department of the Treasury introduced an interim final rule Wednesday that refines and further expands recent increases in reporting requirements, including a new obligation for financial institutions to notify the federal government any time they unblock frozen assets.

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Black & Decker's Stud Finder Patent Win Gets Fed. Circ. OK

By Ryan Davis

The Federal Circuit on Wednesday upheld a decision clearing Stanley Black & Decker Inc. in a stud finder patent suit by rival Zircon Corp., backing the U.S. International Trade Commission's finding that Zircon didn't show it has a domestic industry of products protected by the patents.

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NAFTA Tribunal Orders US To Redo Duties On Canadian Wood

By Alyssa Aquino

A panel assembled under the North American Free Trade Agreement ordered the U.S. to redo countervailing duties on Canadian softwood lumber, rejecting the U.S.' conclusion that Canadian lumber companies hadn't fairly paid Ottawa to harvest lumber on government property.

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POLICY & REGULATION

Vietnam's Labor Issues Mar Bid For Market Economy Status

By Jennifer Doherty

Representatives from U.S. industry, organized labor, and human rights advocacy urged the U.S. Department of Commerce to reject Vietnam's bid for market economy status Wednesday, denouncing its track record on labor rights.

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ENFORCEMENT

Fla. Defense Contractor Admits To Selling Parts From Turkey

By David Minsky

A Florida defense contractor has pled guilty to federal conspiracy charges in connection to a scheme to defraud the U.S. Department of Defense, admitting that she violated export control laws by using a front company to supply critical military components that were manufactured in Turkey.

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LITIGATION

Auto Cos. Brace For EV Battery Compliance Hurdles

By Linda Chiem

New federal regulations aimed at shoring up the domestic electric vehicle manufacturing supply chain give automakers a much-needed two-year cushion to navigate a compliance minefield, and to figure out how to reinvigorate the recent waning consumer demand for electric vehicles.

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EXPERT ANALYSIS

How New Rule Would Change CFIUS Enforcement Powers

Before the May 15 comment deadline, companies may want to weigh in on proposed regulatory changes to enforcement and mitigation tools at the disposal of the Committee on Foreign Investment in the United States, including broadened subpoena powers, difficult new mitigation timelines and higher maximum penalties, say attorneys at Venable.

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Series

Swimming Makes Me A Better Lawyer

Years of participation in swimming events, especially in the open water, have proven to be ideal preparation for appellate arguments in court — just as you must put your trust in the ocean when competing in a swim event, you must do the same with the judicial process, says John Kulewicz at Vorys.

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LEGAL INDUSTRY

Analysis

In Story Of Sex And Lies, Can Cohen Write Final Chapter?

By Phillip Bantz

The Manhattan District Attorney's Office has told a story of scandal and scheming to the jury in Donald Trump's criminal hush money trial, setting the stage for the prosecution's star witness to take the stand and wrap up the narrative.

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Ex-McElroy Deutsch CFO Cops To $1.5M Theft From Firm

By George Woolston

McElroy Deutsch Mulvaney & Carpenter LLP's former chief financial officer admitted Wednesday to embezzling more than $1.5 million from the firm and failing to pay income tax, New Jersey Attorney General Matthew J. Platkin announced.

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Lewis Brisbois Atty Fatally Shot In McDonald's Altercation

By Ryan Boysen

A Lewis Brisbois Bisgaard & Smith LLP attorney was fatally shot at a McDonald's in Houston after reportedly stepping in as a good Samaritan and attempting to calm down an irate customer who'd been arguing with staff at the fast food restaurant.

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Titan Of The Plaintiffs Bar: Lieff Cabraser's Kelly Dermody

By Irene Spezzamonte

A semester off from Harvard University in the late 1980s meant for reflection instead turned into a pivotal moment in Kelly Dermody's life, settling the roots for her successful career during which she has become a lighthouse for employment and discrimination cases.

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ABA Will Study Rape Questions' Necessity For Bar Applicants

By Cara Bayles

An American Bar Association commission will issue a report and recommendations by August on the practice of requiring would-be lawyers to disclose and discuss their experiences of sexual violence during the attorney licensure process.

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ABA Directs Attys To Avoid Sharing Client Info On Listservs

By Emily Sawicki

It is in the best interest of clients for their legal counsel to avoid sharing information related to representation while seeking advice in an online listserv forum, if the comments or questions could be connected to a client's identity, according to American Bar Association guidance published Wednesday.

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Ga. Appeals Court Will Review Trump DQ Bid In Election Case

By Kelcey Caulder

The Georgia Court of Appeals on Wednesday agreed to review a judge's ruling allowing Fulton County District Attorney Fani T. Willis to continue prosecuting the election interference case she brought against former President Donald Trump.

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Fani Willis Is Outraising Primary Challenger More Than 5 To 1

By Chart Riggall

Less than two weeks from the first hurdle in her bid for reelection, Fulton County District Attorney Fani T. Willis is boasting a​​ campaign war chest more than five times heftier than her Democratic challenger's, according to campaign finance disclosures filed this week.

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Biden Picks US Magistrate Judge In Fla. For 11th Circ.

By Courtney Bublé

President Joe Biden announced Wednesday his intent to nominate U.S. Magistrate Judge Embry J. Kidd to the Eleventh Circuit.

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Robins Kaplan File Flub Bad Look For Both Sides, Panel Says

By Rachel Scharf

A Manhattan appeals panel expressed concern Wednesday that Robins Kaplan LLP had poked through an opposing party's Dropbox database that was accidentally shared in investor litigation, while also criticizing the other side for failing to catch the error.

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NJ Justices Approve Measures For Helping Atty Well-Being

By Emily Johnson

The New Jersey Supreme Court has accepted several recommendations from its committee focused on attorney well-being, paving the way for the committee to examine how attorneys can briefly postpone court dates or possibly receive an extension to meet deadlines so they can handle pressing wellness needs.

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Legal Access Program Being Set Up For Separated Families

By Alyssa Aquino

The Biden administration has tapped the Acacia Center for Justice to manage a court-ordered legal access program to help migrant families stay in the U.S. after they were separated under a Trump-era policy to prosecute anybody caught entering the country unlawfully.

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Colo. Judges Urge Attys To Take On More Pro Se Cases

By Thy Vo

A group of Colorado federal judges tried Wednesday to recruit more lawyers to help pro se litigants, who file about a third of the district's cases each year, with the judges recounting tactical mistakes and case delays that attorneys could have prevented.

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LAW FIRMS IN TODAY'S NEWS

3 Verulam Buildings

4 New Square

7 King's Bench Walk

Aidala Bertuna

Akin Gump

Banner Witcoff

Bradley Arant

Buchalter APC

Caldwell Carlson

Clyde & Co

Covington & Burling

DLA Piper

Ford O'Brien

Fountain Court Chambers

Gibbons PC

Gibson Dunn

Griffin Durham

Hamberger & Weiss

Herbert Smith Freehills

Jenner & Block

Kelley Drye

Law Office of Timothy F. McGoughran

Lewis Baach

Lewis Brisbois

Lieff Cabraser

McElroy Deutsch

Miller & Chevalier

Nelson Mullins

Outten & Golden

Paul Hastings

Perkins Coie

Pierson Law LLC

Pillsbury Winthrop

Reed Smith

Robins Kaplan

Steptoe LLP

Venable LLP

Vorys

Wheeler Trigg

Wiley Rein

Williams & Connolly

Zaiwalla & Co

Zuckerman Spaeder

COMPANIES IN TODAY'S NEWS

Alliance for Automotive Innovation

American Bar Association

Center for Justice

Getty Images Inc.

Harvard University

L'Oreal SA

LinkedIn Corp.

Los Angeles Rams

McDonald's Corp.

New Jersey State Bar Association

New York University

Stanley Black & Decker Inc.

The Goldman Sachs Group Inc.

The Leadership Conference on Civil & Human Rights

The State University of New York

Trump Organization Inc.

Walmart Inc.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Committee on Foreign Investment in the United States

European Union

Executive Office of the President

Georgia Supreme Court

Internal Revenue Service

International Trade Commission

Manhattan District Attorney's Office

NAFTA

New Jersey Supreme Court

Office of Foreign Assets Control

Office of the U.S. Trade Representative

U.S. Attorney's Office for the Middle District of Florida

U.S. Court of Appeals for the Federal Circuit

U.S. Department of Commerce

U.S. Department of Defense

U.S. Department of Energy

U.S. Department of Justice

U.S. Department of Labor

U.S. Department of the Treasury

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

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

U.S. Postal Service

U.S. Senate

U.S. Supreme Court