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Tesla founder Elon Musk and eight board members were hit with a suit alleging breach of fiduciary duty, unjust enrichment and gross mismanagement. (AP)

Musk, Tesla Board Face Chancery Suit Over 'Erratic' Conduct

Pointing to unchecked, "erratic" behavior by Tesla founder Elon Musk and board failures to head off recent, costly consequences, a company shareholder launched a derivative suit in Delaware’s Chancery Court on Wednesday, seeking damages and governance reforms.

  • Don McGahn Steps Down As White House Counsel

    Don McGahn, who helped shepherd the nominations of two of President Donald Trump's U.S. Supreme Court nominees through Congress has stepped down as White House counsel following the announcement of his replacement, according to media reports Wednesday.

  • Trump Admin. Pushes 9th Circ. To Decide On DACA Rollback

    The Trump administration told the Ninth Circuit on Wednesday that it would file a second petition for review in the U.S. Supreme Court if the appellate court does not issue a ruling by Oct. 31 on the legality of the administration’s decision to rescind Deferred Action for Childhood Arrivals.

  • Papa John's Tries To Stymie Founder’s Chancery Demands

    Papa John’s pizza chain founder John Schnatter’s “unbounded” demands for company records in a Delaware Chancery Court suit and alleged intent to use the results in future personal litigation against the company justify denial or heavy pruning of disclosures, company attorneys said late Tuesday.

  • EBay Accuses Amazon Of Poaching Top Sellers

    EBay Inc. hit Amazon.com with a lawsuit in California state court Wednesday, accusing the Seattle-based online retail giant of orchestrating a massive campaign to poach top sellers from eBay's online trading platform in violation of the California Computer Data Access and Fraud Act and state business statutes.

  • Trump Atty To Seek Evidence Of Bias In NY AG's Charity Suit

    An attorney for President Donald Trump, his charitable foundation and three of his children said Tuesday that if a New York state judge doesn’t toss the attorney general's suit accusing them of misusing their charity, they’ll seek discovery about the attorney general’s purported bias.

  • FinCEN Staffer Arrested For BuzzFeed Russia Probe Leaks

    An employee at the U.S. Treasury Department's Financial Crimes Enforcement Network was arrested on Wednesday on charges of revealing banks' suspicious activity reports on transactions by Paul Manafort and an indicted Russian operative to an investigative reporter for BuzzFeed News.

  • Lieff Cabraser, Others Want $90M In State Farm Judge Case

    Lieff Cabraser Heimann & Bernstein LLP, Clifford Law Offices PC and several other firms have asked for $90 million in fees and expenses for their work representing a class of State Farm customers who settled claims the insurance giant rigged an Illinois judicial election for $250 million.

  • Baker McKenzie Chooses Florida For New Legal Services Hub

    Baker McKenzie plans to launch a global service center in Tampa, Florida, to build on the success of its existing hubs in the Philippines and Northern Ireland, the global law firm said Wednesday.

  • 4th Circ., Fla. Court Picks Glide Through Sparse Hearing

    President Donald Trump's choices for a Fourth Circuit seat and district court seats in Florida and Alabama cruised through a sparsely attended nominations hearing Wednesday, after Democrats objected to holding the hearing at all.

  • 2 Ex-Deutsche Traders Convicted Of Libor-Rigging

    A Manhattan federal jury on Wednesday convicted two former Deutsche Bank AG traders of rigging the London Interbank Offered Rate to benefit their trading positions, setting the stage for a protracted legal fight over whether or not the trial was tainted by compelled testimony.  

  • ABA Says Attys Must Inform Clients After A Data Breach

    The American Bar Association unveiled ethics rules Wednesday that require attorneys to notify current clients in the event of a data breach and to keep clients updated on the findings of any investigation into the breach.

  • DC Investigations Lawyer To Be New White House Counsel

    President Donald Trump has selected Pat A. Cipollone to replace Don McGahn as White House counsel, the president told reporters Tuesday, bringing in a well-known Washington litigator as his new top lawyer as the special counsel investigation of Russian interference in the 2016 presidential election continues unabated.