Corporate

  • June 05, 2025

    Crypto Hedge Fund Co-Founder To Pay $944K In SEC Suit

    A co-founder of hedge fund firm BKCoin Management LLC has agreed to pay $944,000 to the U.S. Securities and Exchange Commission to resolve claims that he and the Miami-based investment adviser fraudulently raised $100 million from 55 investors between 2018 and 2022 under the guise of investing in crypto assets.

  • June 05, 2025

    Trump Expects China Trade Talks To Resume After Xi Phone Call

    President Donald Trump said he and Chinese President Xi Jinping spoke over the phone Thursday about an impasse in ongoing trade talks over U.S. claims China was slow-walking the exports of rare earths, with Trump saying he expects meetings between the countries' negotiating teams to resume.

  • June 05, 2025

    Copyright Office Says Registration Delay Had No Legal Impact

    The U.S. Copyright Office said Thursday that a two-week pause on issuing registration certificates last month after its leader was fired did not adversely affect any claimant's rights.

  • June 05, 2025

    DOJ Wants Fix-It-1st Mergers, Not 'Fix-It-2nd'

    The U.S. Department of Justice Antitrust Division's top merger official walked a fine line Wednesday between avoiding "a lingering regulatory review tax" on benign transactions and over-confident prognostications that markets will "self-correct" without intervention, and between encouraging companies to address concerns upfront and "shadow" settlements with the government.

  • June 05, 2025

    Pillsbury Brings On Buchalter IP Co-Leader In San Diego

    Pillsbury Winthrop Shaw Pittman LLP is boosting its intellectual property team, announcing Thursday it is bringing on the former co-chair of Buchalter PC's intellectual property practice as a partner in its San Diego office.

  • June 05, 2025

    AI Coding App Co. Hits Ch. 7 After Legal Challenges

    Engineer.ai, the parent of an artificial intelligence-supported coding app maker, Builder.ai, has filed papers for a Chapter 7 liquidation in Delaware with more than $50 million in liabilities, following litigation regarding claims about its technology and the recent appointment of a new CEO.

  • June 05, 2025

    Ex-Bush Admin Atty To Lead HHS Civil Rights Office

    The U.S. Department of Health and Human Services has appointed an attorney to lead its civil rights office who brings more than 30 years of experience across the public sector and private practice, including as counsel for HHS during the George W. Bush administration.

  • June 05, 2025

    Bradley Arant Expands With Texas Regional Bank's CLO

    Bradley Arant Boult Cummings LLP has hired the former chief legal officer of Texas Regional Bank to bolster its banking and financial services practice group.

  • June 05, 2025

    5 Firms Steer Self-Driving Truck Startup's $1.2B SPAC Merger

    Self-driving truck software maker Plus Automation Inc. plans to go public at an estimated $1.2 billion valuation by merging with special purpose acquisition company Churchill Capital IX Corp., both parties announced Thursday, in a deal guided by five law firms.

  • June 05, 2025

    DOL Benefits Arm Needs Turnaround, Nominee Tells Senators

    President Donald Trump's pick to lead the U.S. Department of Labor's employee benefits division told a Senate panel Thursday to prepare for an overhaul of the subagency if he's confirmed, vowing to change the direction of enforcement, regulation and more.

  • June 05, 2025

    Bernstein Litowitz Can Hire Ex-SEC Atty Over Musk Objection

    A New York federal judge on Thursday gave the all-clear for investor-side firm Bernstein Litowitz Berger & Grossmann LLP to hire the U.S. Securities and Exchange Commission's former litigation chief over the objections of Elon Musk.

  • June 05, 2025

    KFC Parent Co. Fights $4B IRS Bill In Tax Court

    The parent company of Pizza Hut, KFC and Taco Bell is challenging $2.5 billion in taxes and penalties that the IRS claims it owes for a corporate reorganization to restructure its international operations, according to a U.S. Tax Court petition served Thursday, a figure that has topped $4 billion with interest.

  • June 05, 2025

    Justices Nix Mexico's Cartel Violence Suit In Win For Gun Cos.

    The U.S. Supreme Court on Thursday threw out a suit by the government of Mexico against Smith & Wesson and other major gun companies, finding in a unanimous opinion that the alleged ties between the firearms makers and cartel violence south of the border are too speculative to stand up in court.

  • June 04, 2025

    Apple Loses Bid To Pause App Store Order Amid Appeal

    A Ninth Circuit panel Wednesday refused to lift a lower court's injunction mandating certain App Store policy changes while Apple appeals it, saying that it wasn't "persuaded that a stay is appropriate" in the high-profile litigation brought by Epic Games.

  • June 04, 2025

    OneTaste Jury Hears Of Illicit Labor Plot, As Trial Closes

    A Brooklyn federal prosecutor on Wednesday told jurors that OneTaste co-founder Nicole Daedone and her former top deputy used an array of manipulative tactics, including sexual and financial abuse, to keep workers for the sexual wellness company in line, as the trial nears its end.

  • June 04, 2025

    Ex-Ga. Chemical Plant Owners Sued For Toxic Waste Dumping

    The owner of an abandoned northwest Georgia chemical plant filed a federal lawsuit Wednesday against its former owner-operators alleging that they left hundreds of drums of toxic waste behind, resulting in its new owner facing federal prosecution and spending hundreds of thousands of dollars to clean up.

  • June 04, 2025

    Fla. School Urges 11th Circ. To Allow Jury Trial In TM Dispute

    A Florida distance learning school urged the Eleventh Circuit on Wednesday to revive its trademark infringement lawsuit against a rival, arguing it should be allowed to prove to a jury that it sustained actual damages because parents were confused by a competitor's website.

  • June 04, 2025

    Ex-CFTC Chair Warns Crypto Bill's Loopholes Still Too Wide

    Former leaders of the Commodity Futures Trading Commission on Wednesday told U.S. House lawmakers mulling a bill to regulate cryptocurrency markets that the legislation needs to close potential regulatory loopholes and that Congress must expand the agency's resources if they expect it to police the bulk of the digital asset space.

  • June 04, 2025

    Porn Site Kink Shared Viewing Habits With Google, Suit Says

    Porn site Kink.com used Google tracking tools as part of a "devil's bargain" with the tech giant and failed to inform site visitors it was sharing their sensitive information, including the specific videos they watched, a proposed class action filed Tuesday in California federal court alleged.

  • June 04, 2025

    Starbucks' Legal Chief Exits Amid Organizational Changes

    Starbucks's top attorney Brad Lerman will be exiting the company in the coming months while helping the coffee giant search for his replacement as chief legal officer, the company announced Thursday in its U.S. Securities and Exchange Commission paperwork. 

  • June 04, 2025

    Navios CEO Sued Over 'Disloyal' Share Buyback Scheme

    Two investors of shipping and logistics company Navios Maritime Holdings Inc. say the company's CEO and board of directors ran a scheme to devalue preferred shares after taking the company private, supposedly concealing plans to delist the stock and buy it back at fire-sale prices.

  • June 04, 2025

    Android User Says Meta Secretly Links Browsing To Profiles

    Meta Platforms Inc. secretly exploits an Android communication channel to tie users' browsing information to their Facebook and Instagram profiles, rendering that information completely identifiable and making it easier to target users with advertisements, according to a proposed class action filed Tuesday in California federal court.

  • June 04, 2025

    What To Know About Trump's Shake-Up At Copyright Office

    The firing of Shira Perlmutter by President Donald Trump as the head of the U.S. Copyright Office has introduced uncertainty into the agency's operations, including whether a previously unannounced report on artificial intelligence will ever be released, and set up a fight regarding the president's power to remove and replace whoever he wants without congressional input.

  • June 04, 2025

    Reddit Claims Anthropic Has Illegally Scraped Website For Years

    Reddit sued Anthropic in California state court Wednesday, accusing the artificial intelligence company of illegally scraping its data for years without permission and using the allegedly stolen data to train its Claude bot while ignoring Reddit's demands to stop, even though Anthropic's rivals, Google and OpenAI, cut licensing deals with Reddit.

  • June 04, 2025

    Bowman Confirmed As Trump's Top Banking Regulator At Fed

    Senators on Wednesday confirmed Federal Reserve Gov. Michelle Bowman to become the central bank's next vice chair for supervision, elevating the former Kansas community banker to a powerful perch overseeing many of the biggest Wall Street financial institutions.

Expert Analysis

  • Expect Eyes On Electronic Devices At US Entry Points

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    Electronic device searches are becoming common at U.S. border inspections, making it imperative for companies to familiarize themselves with what's allowed, and mandate specific precautions for employees to protect their privacy and sensitive information during international travel, say attorneys at Seyfarth.

  • Big Tech M&A Risk Under Trump May Resemble Biden Era

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    Merger review under the Trump administration may not differ substantially from merger review under the Biden administration, particularly in the Big Tech arena, in which case dealmakers and investors should shift the antitrust discount on M&A deals upward, says Jonathan Barnett at the University of Southern California Gould School of Law.

  • FTC Focus: Interlocking Directorate Enforcement May Persist

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    Though the Federal Trade Commission under Chair Andrew Ferguson seems likely to adopt a pro-business approach to antitrust enforcement, his endorsement of broader liability for officers or directors who illegally sit on boards of competing corporations signals that businesses should not expect board-level antitrust scrutiny to slacken, says Timothy Burroughs at Proskauer.

  • How Cos. Can Navigate Risks Of New Cartel Terrorist Labels

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    The Trump administration’s recent designation of eight drug cartels as foreign terrorist organizations gives rise to new criminal and civil liabilities for companies that are unwittingly exposed to cartel activity, but businesses can mitigate such risks in a few key ways, say attorneys at Steptoe.

  • What We Lost After SEC Eliminated Regional Director Role

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    Former U.S. Securities and Exchange Commission Regional Director Marc Fagel discusses the recent wholesale elimination of the regional director position, the responsibilities of the job itself and why discarding this role highlights how the appearance of creating a more efficient agency may limit the SEC's effectiveness.

  • 4th Circ. Latest To Curb Short-Seller Usage In Securities Suits

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    The Fourth Circuit's recent decision in Defeo v. IonQ will serve as a powerful and persuasive new precedent for corporate defendants as courts continue curtailing securities class action plaintiffs' use of short-seller reports to plead federal securities law claims, say attorneys at Alston & Bird.

  • $38M Law Firm Settlement Highlights 'Unworthy Client' Perils

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    A recent settlement of claims against law firm Eckert Seamans for allegedly abetting a Ponzi scheme underscores the continuing threat of clients who seek to exploit their lawyers in perpetrating fraud, and the critical importance of preemptive measures to avoid these clients, say attorneys at Lockton Companies.

  • Only Certainty About FAR Reform Order Is Its Uncertainty

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    The president’s recent order overhauling the Federal Acquisition Regulation, which both contractors and agencies rely on to ensure predictability and consistency in federal procurement, lacks key details about its implementation, which will likely eliminate many safeguards that ensure contractors are treated fairly and that procurements are awarded in a reasonable manner, say attorneys at Miles & Stockbridge.

  • Maintaining Legal Compliance For GenAI In Life Sciences

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    As companies continue to implement generative artificial intelligence to enhance all phases of drug discovery, they must remain mindful of legal, regulatory and practical considerations as best practices in this space emerge and evolve, say attorneys at Sullivan & Cromwell.

  • Series

    Teaching Business Law Makes Me A Better Lawyer

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    Teaching business law to college students has rekindled my sense of purpose as a lawyer — I am more mindful of the importance of the rule of law and the benefits of our common law system, which helps me maintain a clearer perspective on work, says David Feldman at Feldman Legal Advisors.

  • SEC's Crypto Statement Offers Clarity On Disclosures

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    While the crypto industry awaits a definitive rule from the U.S. Securities and Exchange Commission on whether a crypto-asset is a security, its recent guidance provides a road map for registrants seeking to comply with current disclosure requirements and shows the commission is working toward a comprehensive regulatory framework, say attorneys at Debevoise.

  • Navigating The Expanding Frontier Of Premerger Notice Laws

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    Washington's newly enacted law requiring premerger notification to state enforcers builds upon a growing trend of state scrutiny into transactions in the healthcare sector and beyond, and may inspire other states to enact similar legislation, say attorneys at Simpson Thacher.

  • Jurisdictional Issues At Play In 9th Circ.'s FCA Trade Case

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    A decision by the Ninth Circuit in Island Industries v. Sigma Corp. could result in the U.S. Court of International Trade’s exclusive jurisdiction over trade-related FCA cases, a big shift in the enforcement landscape just as tariffs take center stage in trade policy, say attorneys at Haynes Boone.

  • Evolving Federal Rules Pose Further Obstacles To NY LLC Act

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    Following the Financial Crimes Enforcement Network's recent changes to beneficial ownership information reporting under the federal Corporate Transparency Act — dramatically reducing the number of companies required to make disclosures — the utility of New York's LLC Transparency Act becomes less apparent, say attorneys at Pillsbury.

  • Action Steps To Prepare For Ramped-Up Export Enforcement

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    In light of recent Bureau of Industry and Security actions and comments, companies, particularly those with any connection to China, should consider four concrete steps to shore up their compliance programs given the administration's increasingly aggressive approach to export enforcement, say attorneys at Gibson Dunn.

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