Jury Hands J&J, Bayer Win In 3rd Xarelto Bellwether

After years of diversity initiatives, the legal industry is still coming up short, but some law firms have made notable progress. Here, Law360 ranks the U.S. firms that are leaders in turning diversity goals into workforce realities.

The racial makeup of BigLaw’s equity partnership has barely budged in recent years, but some law firms are making notable strides on diversity at the top. Here are the firms with the most racially diverse equity tiers, according to Law360’s Diversity Snapshot.

Many are investing in recruitment and retention initiatives aimed at minorities, while at least one is finding that its hiring efforts naturally bring in diverse attorneys. Here’s a look inside a few of the firms that added 20 or more minority attorneys in 2016.

The legal industry has again failed to make substantial progress on hiring and promoting minority attorneys, according to Law360’s annual headcount survey, despite more minorities graduating from law school than ever before.

A D.C. federal judge on Friday shut down a bid by former Yukos Oil Co. shareholders to force Baker Botts LLP and one of its partners to turn over evidence the shareholders intended to use in their appeal to revive $50 billion in arbitral awards, saying discretionary factors weighed against granting the petition.

Activist investor and CVR Energy chair Carl Icahn resigned Friday as President Donald Trump’s special regulatory adviser in the wake of conflict of interest questions related to his renewable-fuel market activities and ownership in insurance giant American International Group.

A Texas federal jury Friday found the former CEO of ArthroCare Corp. guilty of wire fraud and securities fraud for his role in a scheme to inflate the medical device company’s sales and revenue numbers, which cost investors $750 million, after his first conviction was vacated and gave way to a retrial.

The Electronic Privacy Information Center has lost its bid to secure the release of President Donald Trump’s tax returns, with a D.C. federal judge holding Friday that the president needs to give his consent or Congress has to sign off, but either way, there’s nothing the court can do.

A former assistant director at the United Auto Workers Chrysler Department was charged Friday in Michigan federal court with violating the Labor Management Relations Act by allegedly accepting money and other gifts from Fiat Chrysler Automobiles US LLC employees.

The U.S. Securities and Exchange Commission on Friday dropped its lawsuit against two European former derivatives traders at JPMorgan Chase & Co. involved in the $6 billion “London Whale” debacle about a month after federal prosecutors threw in the towel on the criminal case.

Banca IMI Securities Corp., a subsidiary of Italian bank Intesa Sanpaolo SpA, will pay more than $35 million to settle U.S. Securities and Exchange Commission charges that BISC received American shares of foreign companies without owning the underlying securities, the SEC said Friday.

A Sixth Circuit panel on Friday shot down a challenge to Foreign Account Tax Compliance Act measures from Sen. Rand Paul, R-Ky., and others, ruling that the group can’t show they were actually harmed by the law.