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Sheppard Mullin Richter & Hampton LLP on Wednesday was tentatively freed from a malpractice suit alleging the firm backed a Ponzi scheme. (Law360)

Sheppard Mullin Likely Out Of Atty's $4M Ponzi Scheme Suit

A California judge on Wednesday tentatively dismissed a Los Angeles attorney's $4.3 million suit alleging that Sheppard Mullin Richter & Hampton LLP committed legal malpractice and fraud by backing a Ponzi scheme, finding that the attorney waived his claims when he reached a deal in arbitration with the scammer.

  • NY Lawmakers Tap Interim AG Underwood To Finish Term

    Acting New York Attorney General Barbara D. Underwood was tapped Tuesday by the state legislature to serve out the remainder of Eric Schneiderman’s term after he resigned earlier this month amid allegations of physical abuse by four women.

  • Michael Cohen Biz Partner 'Taxi King' Cops To $5M Tax Fraud

    A business partner of President Donald Trump’s attorney Michael Cohen has struck a plea deal with New York prosecutors in a case involving $5 million in taxes that allows him to escape time behind bars, according to a Tuesday announcement from the New York Attorney General’s Office.

  • 5th Circ. Sides With Viacom Over 'SpongeBob' Eatery

    The Fifth Circuit on Tuesday ruled that a proposed "Krusty Krab" restaurant — the same name as a fictional burger joint in the Nickelodeon cartoon "SpongeBob Squarepants" — would violate Viacom's trademark rights.

  • House Sends Dodd-Frank Banking Rule Rollback To Trump

    The U.S. House of Representatives on Tuesday passed a major rollback of Dodd-Frank rules, sending a package of financial industry changes that backers say cut costly and burdensome regulations to President Donald Trump, who has indicated his support for the measure.

  • 5th Circ. Axes States' Bid To Revive DOL Fiduciary Rule Suit

    The Fifth Circuit on Tuesday deflated workers’ advocates’ hopes that a trio of states could rally to save the U.S. Department of Labor’s fiduciary rule, with the court striking down an attempt by the California, Oregon and New York attorneys general to revive litigation over the retirement-savings rule.

  • EU Officials Grill Zuckerberg On Privacy, Antitrust, Legacy

    European lawmakers laid into Facebook founder Mark Zuckerberg on Tuesday for his company’s data privacy failings and raised the prospect of breaking up the social network, which some suggested had amassed an unfair share of power online.

  • ALI Gives Final OK On Liability Insurance Guidelines

    The American Law Institute on Tuesday approved a final draft of guidelines designed to help courts navigate liability insurance cases, bringing the oft-controversial eight-year-old project to a close.

  • 'Housewives' Star Moves Toward Deal In Malpractice Battle

    A once-incarcerated star of "The Real Housewives of New Jersey" and her bankruptcy trustee have called on a New Jersey federal bankruptcy court to dismiss her bankruptcy case in order to finalize a settlement in their malpractice action against her former attorney in state court.

  • Ex-Manager, CEO Convicted In $9.7M Valeant Kickback Plot

    A former manager at Valeant Pharmaceuticals International Inc. and the CEO of a mail-order pharmacy whose close ties to the drugmaker led to a federal investigation were convicted by a Manhattan federal jury on Tuesday of scheming to bring about a tie-up between the companies in exchange for a $9.7 million kickback.

  • 5 Women Sue USC Claiming Sexual Abuse By Gynecologist

    Five women claim in two separate California state and federal suits Monday that a former University of Southern California gynecologist sexually abused them during their appointments with him.

  • 5 Takeaways From Employers' Win On Class Waivers

    The U.S. Supreme Court cleared the way Monday for employers nationwide to require workers to sign away their right to pursue class actions in a blockbuster ruling that attorneys on both sides of the bar agree will translate to millions more workers being bound by class waivers. Here, Law360 looks at five key takeaways from the high court's long-anticipated decision.

  • After Kozinski, 9th Circ. Sets New Workplace Policies

    Months after the resignation of Ninth Circuit Judge Alex Kozinski following allegations of sexual harassment, the appellate circuit on which he sat rolled out a series of policy changes aimed at preventing workplace harassment for court employees, according to a statement Monday.