The U.S. Securities and Exchange Commission has filed suit against the CEO of a chemical coatings startup, alleging that over roughly four years, the executive "siphoned off" $10.8 million, or roughly a third of the $32.5 million his company raised from investors and spent it on extravagances including a private jet.
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TOP NEWS

SEC Says Startup Founder Siphoned $10.8M In Investor Funds

By Emilie Ruscoe

The U.S. Securities and Exchange Commission has filed suit against the CEO of a chemical coatings startup, alleging that over roughly four years, the executive "siphoned off" $10.8 million, or roughly a third of the $32.5 million his company raised from investors and spent it on extravagances including a private jet.

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6th Circ. Questions FERC's Moves On Ohio Utility Grid Perk

By Keith Goldberg

A Sixth Circuit panel on Wednesday questioned the role of a rate perk given to transmission companies for choosing to join a regional transmission organization as it weighed the Federal Energy Regulatory Commission's decision to yank the incentive for several Ohio utilities while preserving it for others.

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DOD Trucking Contractor Owner Indicted On $1M Tax Evasion

By Anna Scott Farrell

The owner of a trucking company that hauled military supplies for the U.S. Department of Defense tried to evade more than $1 million in taxes partly by using a nominee company headed by her former dispatcher, according to an indictment by a federal grand jury in Ohio.

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Kroger Must Keep Fighting Metal-Tainted Baby Food Claims

By Hailey Konnath

An Ohio federal judge Wednesday refused to throw out a proposed class action accusing the Kroger Co. and its subsidiaries of selling baby food tainted with toxic metals, ruling that the mothers who sued have plausibly alleged that they wouldn't have purchased the product had they known the truth.

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SIXTH CIRCUIT

Split 6th Circ. Says Digital Media TM Case Has To Stay In Tenn.

By Andrew Karpan

The Sixth Circuit on Wednesday held that a trademark fight between two companies that digitally preserve home movies, photos and other media will have to play out in a Tennessee federal court, after the panel split over how many customers are enough to extend jurisdiction in the trademark dispute.

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6th Circ. Partially Remands Sanofi's Tenn. Lake Pollution Suit

By Juan-Carlos Rodriguez

The Sixth Circuit on Tuesday revived parts of a Sanofi unit's lawsuit against a Tennessee landfill owner that allegedly improperly closed the dump and caused water contamination on the other company's property.

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POLICY & REGULATION

GOP Bill Aims To Fund Southwestern States' Border Barriers

By Rae Ann Varona

States along the southwestern U.S.-Mexican border looking to build physical barriers or update existing ones could receive federal grants to do so under new legislation from a pair of Republican members of the House of Representatives.

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EXPERT ANALYSIS

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

Aidala Bertuna

Bradley Arant

Buchalter APC

Caldwell Carlson

Dickinson Wright

Ford O'Brien

Frost Brown

Gibbons PC

Gordon Rees

Griffin Durham

Hamberger & Weiss

Jenner & Block

Kantrowitz Goldhamer

Law Office of Timothy F. McGoughran

Lewis Baach

Lewis Brisbois

Lieff Cabraser

Markovits Stock

McCarter & English

McElroy Deutsch

Migliaccio & Rathod

Nelson Mullins

Outten & Golden

Perkins Coie

Pierson Law LLC

Pillsbury Winthrop

Robins Kaplan

Trenam Law

Vorys

Wheeler Trigg

Williams & Connolly

WilmerHale

Zuckerman Spaeder

COMPANIES IN TODAY'S NEWS

American Bar Association

Center for Justice

Dayton Power & Light

Duke Energy Corp.

FirstEnergy Corp.

Getty Images Inc.

Harvard University

L'Oreal SA

LinkedIn Corp.

Los Angeles Rams

Maserati North America Inc.

McDonald's Corp.

New Jersey State Bar Association

New York University

PJM Interconnection LLC

Raytheon Technologies Corp.

Sanofi

The Goldman Sachs Group Inc.

The Kroger Co.

The Leadership Conference on Civil & Human Rights

The State University of New York

Trump Organization Inc.

Walmart Inc.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Executive Office of the President

Federal Emergency Management Agency

Federal Energy Regulatory Commission

Food and Drug Administration

Georgia Supreme Court

Internal Revenue Service

Manhattan District Attorney's Office

New Jersey Supreme Court

Ohio Attorney General's Office

Tennessee Department of Environment and Conservation

U.S. Army Corps of Engineers

U.S. Attorney's Office for the Northern District of Ohio

U.S. Court of Appeals for the Sixth Circuit

U.S. Customs and Border Protection

U.S. Department of Defense

U.S. Department of Homeland Security

U.S. Department of Justice

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

U.S. House of Representatives

U.S. Immigration and Customs Enforcement

U.S. Postal Service

U.S. Securities and Exchange Commission

U.S. Senate

U.S. Supreme Court

United States District Court for the Northern District of Ohio

United States District Court for the Southern District of Ohio