Dubai-based ride-hailing company Careem Networks is looking to raise $500 million, Pershing Square Capital Management has secured a nearly $1 billion stake in home improvement chain Lowe’s, and Barclays isn’t eyeing any potential mergers with its rivals.
A group of drivers amended their claims in California federal court Tuesday against auto dealer Autobahn Inc. to help effectuate a proposed settlement that would provide the drivers with $1.6 million in vouchers for dropping claims the company misled them into believing it used genuine Mercedes parts to repair their vehicles.
The Trump administration’s tariffs on steel and aluminum found another foe on Wednesday as the Indian government filed a formal World Trade Organization case alleging the U.S. used national security concerns as a veil to shield its producers from international competition.
The Fourth Circuit assented Tuesday to Toyota's and a customer's joint dismissal of claims that some Toyotas' dashboards melted or degraded from sun exposure, in an appeal that was to center around the denial of Toyota's wish to arbitrate.
The U.S. arm of TRW Automotive Holdings Corp. urged the Sixth Circuit on Monday to reject an arbitrator’s award of free health care for life to retirees, arguing that nothing in the automotive company’s collective bargaining agreement with its union staff entitled retirees to that level of benefits.
Covington & Burling LLP has hired a pair of partners from Kirkland & Ellis LLP experienced in handling mergers and acquisitions, leveraged buyouts and other transactions in industries including life sciences, media, technology, automotive, defense and hospitality to head up the firm’s private equity practice in New York, the firm said Tuesday.
Allstate has kicked off an appeal to the Ninth Circuit in a lawsuit claiming Kia Motors Corp.’s “Drive Wise” brand infringed the insurer’s “Drivewise” trademark, blasting a trial judge for overturning a verdict handed down by “nine ordinary consumers.”
The chief of the securities and financial fraud unit at the U.S. Department of Justice who helped prosecute Volkswagen AG and its executives in the diesel emissions scandal is joining O'Melveny & Myers LLP on its white collar and corporate investigations bench, the firm announced Tuesday.
Multiple Chinese companies have interest in buying U.S. electronics distributor Ingram Micro, activist investor Elliott Management has been amassing a stake in Germany’s Thyssenkrupp with plans to oust the company’s current CEO, and Fortress Investment Group hopes to raise about $2 billion for its first direct lending fund.
Russia, Japan and Turkey are the latest governments to threaten the U.S. with retaliation over its steel and aluminum tariffs, according to World Trade Organization documents circulated Tuesday, marking the latest turn in a saga that could leave U.S. exporters facing upward of $3 billion in foreign levies.
A consortium of companies that buys patents on behalf of its members — including Google, Ford, Sony and Uber, among others — announced on Tuesday the latest round of its patent-buying program, known as IP3, which gives patent owners a streamlined way to sell patents to companies.
Uber Technologies Inc. asked a Chicago federal judge on Friday to reject a suit that accuses it of violating the Americans with Disabilities Act by failing to accommodate passengers who use motorized wheelchairs, saying the ADA’s mandates don’t apply and the plaintiffs lack standing to sue.
Lawmakers may have run out of time to use the Congressional Review Act to overturn the Consumer Financial Protection Bureau’s controversial restrictions on issuers of payday, title and other forms of short-term, high-interest loans, but that doesn’t mean the agency’s so-called payday lending rule is in the clear.
A former Uber programmer sued the ride-hailing giant in California state court Monday alleging she was subject to such severe sexual harassment and retaliation that she was hospitalized, in a filing that comes days after the company pledged not to send sexual misconduct-based suits to arbitration.
The long-running bankruptcy case of trucking firm Jevic Holding Corp. will convert to a Chapter 7 liquidation after a Delaware judge denied approval Monday of the latest proposed settlement floated by the company and its creditors to dismiss the case.
A Michigan car dealer who pled guilty to bank fraud and then canned a related malpractice civil suit against a Flint-area law firm lost his bid to reopen that dispute last week when a Wolverine State appeals court found the trial court abused its discretion in undoing a stipulation to dismiss it.
Toyota has not given up on having vehicles wirelessly communicate with each other within the next few years, telling the Federal Communications Commission in a letter Friday that the automaker will continue to implement the technology despite proposals for sharing its spectrum.
Honeywell International Inc. told a Michigan federal judge Friday that a class of 4,700 retirees wrongly argued that collective bargaining agreements required the company to make a minimum level of contributions to health care benefits for life, saying that the court already found that the contracts didn’t vest health care benefits.
Hitachi Automotive hopes to buy Elliott Management’s stake in Italian rail-signaling business Ansaldo STS, U.S. and European institutional investors are in talks to buy small stakes in Pakistan’s Meezan Bank, and Kuwait Energy is mulling the sale of an oil and gas field in southern Iraq.
Economic and antitrust experts at a House subcommittee hearing Friday largely endorsed the latest version of legislation authorizing the Department of Justice to sue OPEC for conspiring to inflate oil prices, leading to soaring gas prices for American consumers.
The sheer scale and global nature of the Volkswagen diesel emissions scandal has led to discussions about how such high-volume consumer cases are handled, with some commentators suggesting that the case represents a turning point in how class action litigation is viewed and handled, particularly in Europe, say Noah Wortman, global head of class action services at Goal Group, and attorneys with Hausfeld LLP.
With the rise of the internet of things, vast new quantities of data are traversing the cloud. Companies that do not actively and continuously strengthen their cybersecurity protocols are at risk for breaches — and for the consumer class actions that may follow, says Leslie Gutierrez of Husch Blackwell LLP.
It was anticipated that last year's U.S. Supreme Court ruling in Bristol-Myers Squibb would have immediate and significant impacts nationwide. Those impacts have been seen at the state level in recent months, as evidenced by several trial courts dismissing out-of-state plaintiffs’ claims where specific personal jurisdiction could not be established, says Kevin Penhallegon of Miles & Stockbridge PC.
While Waymo v. Uber was more high-profile than most cases, employers can and should learn lessons from it. Brian Arbetter of Norton Rose Fulbright discusses the current state of the law in the area of employee raiding and restrictive covenants and offers some best practices for employers to follow in order to fully protect their confidential information.
Global authorities are taking an increasingly coordinated approach toward the investigation and prosecution of economic misconduct. Further significant developments in 2018 will likely refine the manner in which such investigations are approached, say attorneys with Cleary Gottlieb Steen & Hamilton LLP.
A number of significant corporate resolutions were reached in 2017, which have provided guidance on the level of cooperation expected by criminal and civil authorities, primarily in Europe. Meanwhile, the divergent approaches to legal privilege taken by courts in different jurisdictions provide significant challenges to those conducting cross-border internal investigations, say attorneys with Cleary Gottlieb Steen & Hamilton LLP.
Late last year, the Sedona Conference released the third edition of its principles addressing electronic document production, updated to account for innovations like Snapchat and Twitter. It may be necessary for these principles to be updated more often in order to keep pace with technology, says Charles McGee III of Murphy & McGonigle PC.
Despite decades of research on safe temperature thresholds for car seat heaters, some automakers are still designing heaters to work in higher temperature ranges, still manufacturing heaters that get much hotter than their design specifications and still forgoing simple countermeasures that their peers have been implementing since the 1980s, say Sean Kane and Ellen Liberman of Safety Research & Strategies Inc.
Last week, the District of Delaware raised eyebrows by ruling that documents provided to a litigation funder and its counsel in connection with their due diligence are categorically not attorney work product. Acceleration Bay v. Activision Blizzard seems to be a case of bad facts making bad law, says David Gallagher, investment manager and legal counsel for Bentham IMF.
Artificial intelligence tools can empower attorneys to work more efficiently, deepen and broaden their areas of expertise, and provide increased value to clients, which in turn can improve legal transparency, dispute resolution and access to justice. But there are some common pitfalls already apparent in the legal industry, say Ben Allgrove and Yoon Chae of Baker McKenzie.