An Israeli medical device company and a California-based maker of animated television commercials joined the pipeline for initial public offerings Monday with filings totaling $47 million, despite a lengthening government shutdown that makes it uncertain when the deals will price.
A Los Angeles judge told a group of former Dickstein Shapiro LLP partners Tuesday they must arbitrate claims that Blank Rome LLP mischaracterized its hire of more than 100 lawyers from the now-defunct Dickstein as an asset sale, rather than a merger, to avoid paying the former partners $4 million.
Cloud data management company Rubrik on Tuesday said it pocketed $261 million in a Series E funding round that boosted the Palo Alto, California-based company’s value to $3.3 billion.
A truck body manufacturer accused in a proposed class action of failing to provide employees with required work breaks contended in California federal court Monday the suit should be tossed, saying just because employees must stay on-premises, it does not mean that their 10-minute rest periods under state labor laws are being violated.
The Ninth Circuit has revived asylum claims made by a Kenyan citizen who claimed she escaped genital mutilation, holding that by uncovering through a third-party source that a piece of her evidence was forged, U.S. Citizenship and Immigration Services violated her confidentiality and may have put her at further risk.
Nissan North America Inc. and a consumer in a potential class action accusing the carmaker of selling vehicles with defective sunroofs agreed Monday to mediate the case, just months after a California federal judge denied Nissan's attempt to compel arbitration.
A TiVo Corp. unit filed new patent infringement allegations Monday in California federal court over the digital video recording technology in Comcast Corp.'s set-top boxes, despite the Patent Trial and Appeal Board finding related patents to be invalid.
BakerHostetler announced Monday that it picked up a business and employment law veteran from Payne & Fears LLP, making him the latest addition to BakerHostetler’s Costa Mesa, California, office.
Wedbush Securities Inc. and co-founder Edward Wedbush will pay a combined $1 million to the regulatory arm of the New York Stock Exchange to end claims the company’s leader of 64 years worked the trading desk without oversight.
A California federal judge has ruled that law enforcement may not compel suspects to unlock devices such as smartphones with biometric identifiers, including fingerprint or iris scans, calling the practice unconstitutional.
A California federal judge has rejected Allergan Inc.’s high-stakes effort to make many drug compounding activities unlawful, saying he will defer to the U.S. Food and Drug Administration’s decision to allow the activities.
A cell biologist took the stand Monday in a California jury trial over allegations that Johnson & Johnson talcum-made baby powder contained asbestos that caused a dying woman’s cancer, testifying that the woman's lung tissue contains talc, which he believes came from J&J's products.
Hewlett-Packard Co. subsidiary Autonomy Inc. agreed Monday to settle allegations it failed to deliver software that its former reseller MicroTechnologies Inc. had paid the British software company $16.5 million to back, abruptly ending a California federal jury trial over the contract dispute.
KKR Real Estate Finance Trust Inc. on Monday said it closed seven floating-rate senior loans in New York, Florida, California and Pennsylvania in the fourth quarter of 2018 that amount to a combined $908 million, bringing its year-end total to $2.7 billion.
Two biotechnology companies and a Chinese online lender filed initial public offerings on Friday preliminarily estimated to raise $192 million, adding to a growing backlog of IPOs that are waiting for the government to reopen before the submissions can move through the pipeline.
A California appeals judge engaged in a two-decade pattern of misbehavior that included repeatedly groping a fellow judge, making unwanted sexual advances toward police officers and appearing drunk while purportedly on official business, according to a filing in a disciplinary action made public Monday.
The Trump administration asked the Ninth Circuit to postpone its appeal of a federal judge’s refusal to loosen standards of care for children detained in immigration custody, saying that regulatory processes that have been halted due to the partial government shutdown might affect the case.
A Pennsylvania federal judge issued a nationwide injunction Monday blocking Trump administration carveouts to the Affordable Care Act's birth control mandate from taking effect, one day after a court in California blocked the same ACA exemptions in 13 states and the District of Columbia.
Overseas Union Enterprise is reportedly looking to get roughly $700 million for US Bank Tower in Los Angeles, Amazon is said to be close to leasing roughly 10,000 square feet at the Chrysler Building in Manhattan, and a Two Roads Development venture has reportedly scored a $24.5 million loan for a Florida condo tower project.
A proposed class of Denny's employees asked a California federal court on Friday to send its wage suit back to state court, arguing that the restaurant company was unable to prove the amount in controversy will likely exceed $5 million, as required by U.S. law.
2018 will be remembered as a transition year for technology-assisted review, and 2019 will likely see a continued focus on how we use TAR, with refinement and expansion across the board, says Thomas Gricks of Catalyst Repository Systems LLC.
In part three of this four-part series, Grant Thornton LLP attorneys continue discussing important recent SALT developments, including challenges to Michigan's and Texas' attempts to limit allowable deductions from their tax base, the continued uncertainty surrounding state sales factor sourcing and how some municipalities fared in efforts to levy tax to fund special initiatives.
Last year saw significant litigation over clinical trials, as well as new proposed guidance from the U.S. Food and Drug Administration about how such trials ought to be performed — guidance that could become important in future litigation, say Sheryl Bjork and William Childs of Bowman and Brooke LLP.
In a recent opinion letter, the U.S. Department of Labor noted that two appellate court opinions endorsing the so-called 20 percent rule for tipped employees were not beneficial and set new guidelines. Laurent Badoux of Buchalter PC examines the clash between the appellate rulings and the DOL's determination.
Last year saw implementation of 2017's Tax Cuts and Jobs Act, a significant overhaul of the federal income tax system. In part two of this four-part series, attorneys at Grant Thornton LLP take a look at how states have been reacting to the changes.
Last year saw another round of year-over-year growth in litigation finance, as debates shifted from whether it should be permitted to how it can best be managed. The exciting news, says Alan Guy of Vannin Capital PCC, is that 2019 seems likely to bring more of the same.
The 2018 calendar year included a number of interesting developments from a California tax perspective, say attorneys at Reed Smith LLP, including the ongoing Wayfair implementation saga, proposed amendments to market-based sourcing and the decisions to conform to federal partnership audit rules but not GILTI taxes.
Leveraging technology in a fiercely competitive market is a key factor driving law firms toward technology adoption in 2019, as they face growing demand from legal talent and clients for the ability to connect, access and control information whenever and wherever needed, says Tomas Suros of tech provider AbacusNext.
Brutal cybersecurity developments in 2018 demonstrated the premium placed on sound, proactive planning. Companies that establish the capacity to tag and track their data from cradle to grave will find themselves more able to successfully navigate the global regulatory crosscurrents this year, say attorneys with Eversheds Sutherland LLP.
After a year in which state and local tax professionals experienced a veritable Super Bowl and Olympics in the form of South Dakota v. Wayfair and the Tax Cuts and Jobs Act, it is a good time to reflect on how much things have changed, say attorneys at Grant Thornton LLP.