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Corporate
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February 13, 2026
Oil Co. Presses IRS For $3.2M In Refunds From Merger
The Internal Revenue Service has failed to act on an oil and natural gas company's requests for nearly $3.2 million in tax refunds tied to losses from a 2020 merger, despite the company giving the agency all requested information, it told a Texas federal court.
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February 13, 2026
Real Estate Recap: Office Conversions, Multifamily Oversupply
Catch up on this past week's key developments by state from Law360 Real Estate Authority — including attorney insights into the office conversion puzzle and a look at multifamily oversupply heading into 2026.
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February 13, 2026
Conn. Title Insurer Settles With Atty Tossed From Boards
Connecticut title insurer CATIC and related entities have settled a state court lawsuit that real estate attorney Tony E. Jorgensen brought over his removal from boards of directors after audits of his firm identified "alleged bad acts," according to court records.
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February 13, 2026
HP Investors Win Final OK For $39M Deal, Attys Get $11.7M
A California federal judge said Friday he will approve HP Inc.'s $39 million settlement to resolve securities fraud litigation that the Ninth Circuit revived in 2023 and agreed to grant the investors' attorneys $11.7 million from that total, commending the parties for working together to reach a "very fair" and reasonable settlement.
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February 13, 2026
FinCEN Eases Beneficial Owner ID Rules For Banks
The U.S. Treasury Department's Financial Crimes Enforcement Network announced Friday that banks are excepted from certain aspects of the agency's customer due diligence rules, including the requirement to repeatedly identify the beneficial owners of existing corporate account holders.
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February 13, 2026
GC Cheat Sheet: The Hottest Corporate News Of The Week
Taking heat from Republican senators over not notifying members of Congress about subpoenas for their phone records, Verizon's general counsel has pledged that in the future, the company will fight gag orders requiring it to keep silent. And taking heat from shareholders and colleagues over her ties to Jeffrey Epstein, Goldman Sachs' chief legal officer has agreed to leave the firm in June.
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February 13, 2026
Olympus Slips Whistleblower Suit Over Testing Practices
A Pennsylvania federal judge has dismissed a whistleblower lawsuit brought by the former head of product development for Olympus Corp. of the Americas, ruling that the ex-executive failed to show he was fired in retaliation for speaking out about what he alleged were company violations of the National Defense Authorization Act.
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February 13, 2026
Taxation With Representation: Homburger, Lenz & Staehelin
In this week's Taxation With Representation, offshore drilling contractor Transocean Ltd. acquires rival Valaris Ltd., historic British fund manager Schroders agrees to a cash takeover by U.S. asset manager Nuveen, and a consortium that includes U.S. private equity firm Advent International LP and FedEx Corp. buy Polish parcel locker company InPost.
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February 13, 2026
Domino's Brass Faces Derivative Suit Over Growth Walkback
Executives and directors of pizza chain Domino's face shareholder derivative claims in Michigan federal court that it downplayed challenges its largest franchisee was facing, hurting investors when the company was forced to suspend its goal to open more than 1,100 new stores annually over five years.
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February 12, 2026
Goldman Sachs' CLO Resigns After Epstein Email Revelations
Kathryn Ruemmler, the chief legal officer for Goldman Sachs, announced plans Thursday to step down, after the U.S. Department of Justice released emails showcasing her relationship with disgraced financier Jeffrey Epstein.
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February 12, 2026
FTC Merger Filing Overhaul Thrown Out
The Federal Trade Commission hasn't shown the costs on merging companies outweigh the claimed benefits of dramatically increasing the amount of information that must be provided upfront when giving notice of a transaction, a Texas federal judge said Thursday, throwing out the commission's overhaul of premerger reporting requirements.
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February 12, 2026
Super Micro Investor Fights Uphill At 9th Circ. To Lead Suit
A Ninth Circuit panel appeared skeptical Thursday of a Super Micro Computer Inc. investor's writ of mandamus petition challenging a lower court's decision to reject it as lead plaintiff in a proposed securities class action, with each judge expressing doubts that the investor has shown its "extraordinary" request for relief is warranted.
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February 12, 2026
State Antitrust Enforcement On The Upswing, Panelists Agree
Speaking at a Silicon Valley antitrust conference hosted Thursday by Baker McKenzie LLP, a senior California antitrust enforcer, an in-house Intel attorney, a University of Southern California law professor, and others agreed that the country is headed into a period of increased activity by state antitrust enforcers.
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February 12, 2026
Restaurant Group Alleges Ex-GC Embezzled, Shared Secrets
The former general counsel of a restaurant group behind Casa Madera in West Hollywood charged luxury items and anti-aging treatments to his company credit card in a $250,000 embezzlement scheme and released privileged company information when he was fired, according to a lawsuit filed Wednesday in Nevada federal court.
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February 12, 2026
Chancery Mulls Contempt For Co. Refusing Legal Fee Demand
A request for a Court of Chancery contempt sanctioning of "smart" glass-maker View Inc. for failure to pay millions in legal fee advancements sought by its former chief financial officer went to a Delaware Magistrate in Chancery for a ruling Thursday, with decisions affecting the cost pending in multiple courts.
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February 12, 2026
Uber $8.5M Bellwether Verdict Boosts Plaintiffs' MDL Leverage
Uber was recently hit with an $8.5 million verdict in the first bellwether trial in multidistrict litigation over driver sex assaults, and one particular finding by the jury bodes well for the thousands of cases remaining in the MDL, experts tell Law360, and could prove pivotal for any future global settlement.
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February 12, 2026
Fla. Bank Punished Whistleblowers, Fired Execs Say
Three former top executives of First National Bank of Pasco have sued their ex-employer in Florida federal court, alleging it wrongfully fired them for blowing the whistle on what they called banking law violations, risky fintech exposure and improper board conduct, among other things.
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February 12, 2026
FTC's PBM Case Paused For More Deal Talks
Federal Trade Commission staffers are discussing potential settlements with OptumRx and Caremark that could end the agency's case accusing the pharmacy benefit managers of inflating insulin prices, following a recent deal with Express Scripts.
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February 12, 2026
AT&T Senior Manager Alleges 'Abusive' Work Environment
A senior manager for AT&T alleged in Colorado federal court that the telecommunications company subjected her to sexual harassment and racial discrimination, created an "abusive working environment" and retaliated against her for reporting the alleged conduct.
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February 12, 2026
Coal Exec Used 'Mr. Yen' To Talk Kickbacks, FBI Testifies
A former Corsa Coal Corp. executive exchanged messages with a sales agent in Egypt that appeared to reference splits of sales commissions among officials at the Al Nasr Co. for Coal and Coke, and used coded phrases like "meet Mr. Yen" to discuss sending money as kickbacks, an FBI agent told a Pittsburgh federal jury Thursday.
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February 12, 2026
AI Mapping Co. Accused Of Copying Rival's Maps, Technology
An apartment mapping software company has accused a former potential business partner of copying thousands of its property maps and using them to launch a competing 3D product, alleging in a federal copyright and breach of contract lawsuit that it is losing customers as a result.
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February 12, 2026
Maxeon Dodges Investor Suit Over Financial Disclosures
Maxeon Solar Technologies has escaped a shareholder class action accusing it of misleading investors about its liquidity issues, with a California federal judge ruling that none of the challenged statements in the suit were shown to be false or misleading.
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February 12, 2026
E-Commerce Co. Opensend Sued For Docs On Insider Moves
A stockholder and director of e-commerce support venture Opensend Inc. has sued the business for books and records in Delaware's Court of Chancery, citing concerns about alleged subverting of financial controls, hiring of the company CEO's wife and business dealings with the CEO's brother.
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February 12, 2026
2nd Circ. Seems Wary Of Restarting Norfolk Derailment Suit
The Second Circuit appeared skeptical Thursday of investors' bid to revive a proposed class action against Norfolk Southern alleging that the company botched disclosures about how an efficiency plan might cause derailments, as judges seemed open to a lower court's interpretation that railroad statements about safety were puffery.
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February 12, 2026
Foley & Lardner Adds Gray Reed Construction Pro In Dallas
Foley & Lardner LLP has boosted the manufacturing sector of its construction practice group with a Dallas-based partner who came from Gray Reed & McGraw LLP.
Expert Analysis
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Justices' LabCorp Punt Leaves Deeper Class Cert. Circuit Split
In its ruling in LabCorp v. Davis, the U.S. Supreme Court left unresolved a standing-related class certification issue that has plagued class action jurisprudence for years — and subsequent conflicting decisions among federal circuit courts have left district courts and litigants struggling with conflicting and uncertain standards, say attorneys at Cozen O'Connor.
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Lessons From Del. Chancery Court's New Activision Decision
The Delaware Court of Chancery's recent decision in AP-Fonden v. Activision Blizzard, declining to dismiss certain fiduciary duty claims at the pleading stage, offers takeaways for boards considering a sale, including the importance of playing an active role in the merger process and documenting key board materials, say attorneys at Cleary.
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Series
Practicing Stoicism Makes Me A Better Lawyer
Practicing Stoicism, by applying reason to ignore my emotions and govern my decisions, has enabled me to approach challenging situations in a structured way, ultimately providing advice singularly devoted to a client's interest, says John Baranello at Moses & Singer.
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Series
The Biz Court Digest: Texas, One Year In
A year after the Texas Business Court's first decision, it's clear that Texas didn't just copy Delaware and instead built something uniquely its own, combining specialization with constitutional accountability and creating a model that looks forward without losing touch with the state's democratic and statutory roots, says Chris Bankler at Jackson Walker.
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AG Watch: Illinois A Key Player In State-Level Enforcement
Illinois Attorney General Kwame Raoul has systematically strengthened his office to fill federal enforcement gaps, oppose Trump administration mandates and advance state policy objectives, particularly by aggressively pursuing labor-related issues, say attorneys at Troutman.
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Series
Law School's Missed Lessons: Educating Your Community
Nearly two decades prosecuting scammers and elder fraud taught me that proactively educating the public about the risks they face and the rights they possess is essential to building trust within our communities, empowering otherwise vulnerable citizens and preventing wrongdoers from gaining a foothold, says Roger Handberg at GrayRobinson.
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How A 9th Circ. False Ad Ruling Could Shift Class Certification
The Ninth Circuit's July decision in Noohi v. Johnson & Johnson, holding that unexecuted damages models may suffice for purposes of class certification, has the potential to create judicial inefficiencies and crippling uncertainties for class action defendants, say attorneys at Alston & Bird.
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7 Areas To Watch As FTC Ends Push For A Noncompete Ban
As the government ends its push for a nationwide noncompete ban, employers who do not want to be caught without protections for legitimate business interests should explore supplementing their noncompetes by deploying elements of seven practical, enforceable tools, including nondisclosure agreements and garden leave strategies, say attorneys at Seyfarth.
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Shifting Crypto Landscape Complicates Tornado Cash Verdict
Amid shifts in the decentralized finance regulatory landscape, the mixed verdict in the prosecution of Tornado Cash’s founder may represent the high-water mark in a cryptocurrency enforcement strategy from which the U.S. Department of Justice has begun to retreat, say attorneys at Venable.
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5 Crisis Lawyering Skills For An Age Of Uncertainty
As attorneys increasingly face unprecedented and pervasive situations — from prosecutions of law enforcement officials to executive orders targeting law firms — they must develop several essential competencies of effective crisis lawyering, says Ray Brescia at Albany Law School.
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Anticipating FTC's Shift On Unfair Competition Enforcement
As the Federal Trade Commission signals that it will continue to challenge unfair or deceptive acts and practices under Section 5 of the FTC Act, but with higher evidentiary standards, attorneys counseling healthcare, technology, energy or pharmaceuticals clients should note several practice tips, says Thomas Stratmann at George Mason University.
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Del. Dispatch: Chancery Expands On Caremark Red Flags
The Delaware Court of Chancery’s recent Brewer v. Turner decision, allowing a shareholder derivative suit against the board of Regions Bank to proceed, takes a more expansive view as to what constitutes red flags, bad faith and corporate trauma in Caremark claims, say attorneys at Fried Frank.
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Compliance Tips Amid Rising FTC Scrutiny Of Minors' Privacy
The Federal Trade Commission has recently rolled out multiple enforcement actions related to children's privacy, highlighting a renewed focus on federal regulation of minors' personal information and the evolving challenges of establishing effective, privacy-protective age assurance solutions, say attorneys at Nelson Mullins.
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Opinion
It's Time For The Judiciary To Fix Its Cybersecurity Problem
After recent reports that hackers have once again infiltrated federal courts’ electronic case management systems, the judiciary should strengthen its cybersecurity practices in line with executive branch standards, outlining clear roles and responsibilities for execution, says Ilona Cohen at HackerOne.
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Tips For Cos. Crafting Enforceable Online Arbitration Clauses
Recent rulings from the Ninth Circuit and the U.S. District Court for the Southern District of California indicate that courts are carefully examining the enforceability of online arbitration clauses, so businesses should review the design of their websites and consider specific language next to the "purchase" button, say attorneys at DTO Law.