Corporate

  • May 09, 2025

    Terraform Labs Backer Can't Ship Fraud Suit To Arbitration

    An early backer of failed crypto platform Terraform Labs cannot escape a lawsuit accusing it of propping up the company's fraud by sending the case to arbitration, with an Illinois federal judge ruling that the investor was not a signatory to a contract signed by users of the platform.

  • May 09, 2025

    Employment Authority: Biden-Era Wage Rules Tumble

    Law360 Employment Authority covers the biggest employment cases and trends. Catch up this week with coverage on what Biden-era wage and hour rules the U.S. Department of Labor has stopped enforcing, what a quorum at the U.S. Equal Employment Opportunity Commission would look like under Trump and how a union is using unconventional methods to organize video game workers. 

  • May 09, 2025

    Wells Fargo Execs Sued In Del. Over 'Sham' Diversity Efforts

    A Wells Fargo stockholder launched a derivative suit on Friday in Delaware's Court of Chancery seeking damages from 17 of the banking giant's directors and officers for potentially billions in costs tied to alleged "sham" diversity-focused recruitment and hiring initiatives.

  • May 09, 2025

    Texas Justices Let Home Depot Off Hook In Cop Shooting Suit

    The Texas Supreme Court on Friday tossed a suit seeking to hold Home Depot and an off-duty police officer serving as a security guard liable for the shooting death of a responding police officer, saying police officers trying to prevent crimes even when off duty are entitled to immunity.

  • May 09, 2025

    Webull Fined $1.6M Over Lax Influencer Ad Oversight

    The Financial Industry Regulatory Authority has fined Webull Financial LLC $1.6 million for allegedly failing to properly monitor or preserve influencers' social media communications about the firm and for not maintaining a sufficient supervisory system for those ads or the disclosure of certain filings for customers.

  • May 09, 2025

    Food Importer Can't Secure Lower Duty Rate On Frozen Fruit

    The Federal Circuit on Friday denied a company's efforts to have its mixed frozen fruit imports from Canada reclassified as "other food preparations" instead of frozen fruit in order to secure duty-free treatment for the products.

  • May 09, 2025

    Tariffs And Tax Breaks Offer Risky Lifeline To US Film Industry

    President Donald Trump's call for a 100% tariff on films made outside the U.S. has potential to improve a struggling domestic industry if it is considered in conjunction with new federal tax incentives to restore production, but the idea hasn't yet gathered support in Congress, according to lawyers who spoke to Law360.

  • May 09, 2025

    Boeing, Alaska Air Can't Dodge Outrage Claim In Blowout Suit

    A Washington state court judge has rejected attempts by Boeing and Alaska Airlines to dismiss claims for outrage brought by nearly 40 passengers over a harrowing door-plug blowout during a 737 Max flight in January 2024.

  • May 09, 2025

    6th Circ. Ruling Shows Toughening On ERISA Fiduciary Suits

    A recent Sixth Circuit decision that backed the dismissal of a proposed class action against an auto parts maker demonstrates how appellate courts are raising the bar for cases alleging breaches of fiduciary duty under federal benefits law, experts say.

  • May 09, 2025

    Disney Nears Prelim Approval On $43M Gender Pay Bias Deal

    A California judge said Friday he intends to grant preliminary approval of a $43.25 million class action settlement in a suit alleging Disney paid thousands of women in middle management less than their male colleagues.

  • May 09, 2025

    X Paying Millions In Severance Arbitration Losses, Atty Says

    X Corp. has lost nine out of every 10 arbitrations over former Twitter employees' claims they were shorted on severance payouts after Elon Musk's takeover of the social media company, resulting in awards ranging from $100,000 to millions of dollars, one of the workers' attorneys told a California federal judge.

  • May 09, 2025

    Souter's Clerks Remember Him As Humble, Kind And Caring

    Former clerks of retired U.S. Supreme Court Justice David H. Souter are heartbroken over the death of a man many of them remember more for his conscientiousness, humility, kindness and disdain for the spotlight than for his undeniable brilliance as a jurist.

  • May 09, 2025

    Insulet Seeks $30M In Atty Fees, Costs After Trade Secret Win

    After winning a nearly $60 million judgment in a trade secrets lawsuit against South Korean company EOFlow Co. Ltd., medical device company Insulet Corp. has told a Massachusetts federal judge that it should be granted a little over $30 million in attorney fees and litigation costs in light of the rival's "remarkable" misappropriation of its technology for a wearable insulin patch pump.

  • May 09, 2025

    Clients Rely On Enviro Attys' Know-How On Rocky Reg Turf

    The Trump administration's deregulatory agenda, staff reductions and funding threats are creating instability for industries that rely on environmental permits and communities reliant on pollution protections, leading law firms to dig deeper into their wealth of experience to better advocate for clients.

  • May 09, 2025

    GC Cheat Sheet: The Hottest Corporate News Of The Week

    Stories in corporate legal news in the past week include a Fifth Circuit order affirming in part and reversing in part a Texas federal court's decision in a wrongful termination suit against Southwest Airlines, in which in-house attorneys were ordered to undergo "religious liberty training."

  • May 09, 2025

    Hiker And 'Raconteur': Atty Recalls 50-Year Bond With Souter

    Behind a towering legal legacy was a man who loved to hike mountains, could recall details of things he read decades ago and was always there for those he cared about, a New Hampshire attorney said as he reflected on a lifelong friendship with U.S. Supreme Court Justice David Souter.

  • May 09, 2025

    Ex-DOJ Attorney Joins Appellate Firm In New DC Office

    A former U.S. Supreme Court clerk with years of government appellate experience has left the U.S. Department of Justice to work for San Francisco-based appellate boutique Complex Appellate Litigation Group LLP in its new Washington, D.C., office, the firm announced this week.

  • May 09, 2025

    Chancery Rejects Shareholder Challenge To Fidelity Spinoff

    Observing that related-party company deals with controllers "are not inherently wrongful," a Delaware vice chancellor on Friday scuttled a pension fund suit challenging a $250 million Fidelity National Financial Inc. investment in a spun-off but still controlled former subsidiary.

  • May 09, 2025

    A Look At David Souter's Most Significant Opinions

    The retired Justice David Souter defied simple definition, viewed as a staunch conservative until he co-wrote an opinion upholding abortion rights in 1992. He did not hew to partisan lines, but reshaped the civil litigation landscape and took an unexpected stand in an extraordinarily close presidential election.

  • May 09, 2025

    Holland & Knight Hires South Korea M&A Expert As Partner

    Holland & Knight LLP has announced the hiring of a former partner at Arnold & Porter Kaye Scholer LLP as the latest addition to its corporate, mergers and acquisitions, and securities group and who brings experience in international transactions with South Korea-based companies.

  • May 09, 2025

    Justice Souter Was An Unexpected Force Of Moderation

    Justice David Souter, who saw the high court as a moderating force apart from the messiness of politics, subverted the expectations of liberals and conservatives alike during his 19 years on the bench.

  • May 09, 2025

    Taxation With Representation: Paul Weiss, Weil, V&E, Torys

    In this week's Taxation With Representation, 3G Capital takes Skechers private, Sunoco LP buys Parkland Corp., and BCE Inc. and the Public Sector Pension Investment Board launch a wholesale network provider called Network FiberCo.

  • May 09, 2025

    Why Rule Of Law Actions Can Help Ease Anxieties

    As anxieties soar across the profession amid attacks on law firms and the rule of law, taking action can be a strong antidote to ease stress and foster a sense of meaning and well-being, according to panelists who spoke Thursday during an Institute for Well-Being in Law event.

  • May 09, 2025

    Ex-Goldman Banker Leissner Urges Lenient 1MDB Sentence

    A former Goldman Sachs partner who pled guilty to his role in the 1MDB scandal and testified at his onetime colleague's trial has asked a Brooklyn federal judge to spare him prison time, saying the reputational harm is punishment enough and that he may be extradited to Malaysia to face charges there.

  • May 09, 2025

    Activist Ends Battle With Lyft By Withdrawing Director Noms

    Activist investor and Lyft shareholder Engine Capital LP on Friday said it's withdrawing its nomination of candidates to stand for election to the ride-hailing company's board of directors at the upcoming annual meeting, saying Lyft's board has taken "an important first step" by agreeing to "significant" share repurchases in the upcoming quarters.

Expert Analysis

  • E-Discovery Quarterly: The Perils Of Digital Data Protocols

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    Though stipulated protocols governing the treatment of electronically stored information in litigation are meant to streamline discovery, recent disputes demonstrate that certain missteps in the process can lead to significant inefficiencies, say attorneys at Sidley.

  • Making Sense Of Small Biz Fair Lending Compliance

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    Despite the uncertainty brought on by the Consumer Financial Protection Bureau's recent efforts to revise fair lending data collection requirements under Section 1071 of the Dodd-Frank Act, the compliance dates have not yet been stayed, so covered institutions should still start to monitor any disparities now, say attorneys at Frost Brown Todd.

  • Defense Strategies After Justices' Personal Injury RICO Ruling

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    In Medical Marijuana v. Horn, the U.S. Supreme Court recently held that the Racketeer Influenced and Corrupt Organizations Act can be invoked by some plaintiffs with claims arising from personal injuries — but defense counsel can use the limitations on civil RICO claims to seek early dismissal in such cases, say attorneys at Debevoise.

  • A Look At M&A Trends In An Uncertain Deal Environment

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    Dealmakers are adopting more cautious and deliberate merger and acquisition practices, such as earnout agreements, joint ventures and strategic partnerships that mitigate risk and bridge valuation gaps, amid the slower pace so far in 2025, says Louis Lehot at Foley & Lardner.

  • Opinion

    Ripple Settlement Offers Hope For Better Regulatory Future

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    The recent settlement between the U.S. Securities and Exchange Commission and Ripple — in which the agency agreed to return $75 million of a $125 million fine — vindicates criticisms of the SEC and highlights the urgent need for a complete overhaul of its crypto regulation, says J.W. Verret at George Mason University.

  • Series

    Law School's Missed Lessons: Preparing For Corporate Work

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    Law school often doesn't cover the business strategy, financial fluency and negotiation skills needed for a successful corporate or transactional law practice, but there are practical ways to gain relevant experience and achieve the mindset shifts critical to a thriving career in this space, says Dakota Forsyth at Olshan Frome.

  • 5 Insurance Types For Mitigating Tariff-Related Trade Losses

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    The potential for significant trade-related losses as a result of increased tariffs may cause companies to consider which of their insurance policies, including marine, builders risk, trade credit, and directors and officers, could provide coverage to alleviate the financial impact, say attorneys at Pillsbury.

  • Series

    Florida Banking Brief: All The Notable Legal Updates In Q1

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    The first quarter of 2025 saw the Trump administration's crypto-forward approach permeate the banking industry, including Florida banking institutions, and a Fourth District Court of Appeal decision provide a new precedent for borrower/lender standing, say attorneys at Kozyak Tropin.

  • Meta Case Brings Customer-Facing Statements Issue To Fore

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    Now that Facebook v. Amalgamated Bank has returned to California federal court after the U.S. Supreme Court in November found it improvidently granted certiorari, it will be worth watching whether customer-facing communications, such as Facebook's privacy policies, are found to be made in connection with the sale of a security, says Samuel Groner at Fried Frank.

  • A Cold War-Era History Lesson On Due Process

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    The landmark Harry Bridges case from the mid-20th century Red Scare offers important insights on why lawyers must be free of government reprisal, no matter who their client is, says Peter Afrasiabi at One LLP.

  • Home Depot Ruling Tolls Death Knell For 'Silent Cyber'

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    The Sixth Circuit's recent ruling that Home Depot's insurers did not have to cover costs from a data breach hammered one more nail in the coffin of silent cyber, where coverage is sought under standard property or commercial general liability policies that were not intended to insure cyberattack claims, say attorneys at Zelle.

  • Series

    Improv Makes Me A Better Lawyer

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    Improv keeps me grounded and connected to what matters most, including in my legal career where it has helped me to maintain a balance between being analytical, precise and professional, and creative, authentic and open-minded, says Justine Gottshall at InfoLawGroup.

  • How BigLaw Executive Orders May Affect Smaller Firms

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    Because of the types of cases they take on, solo practitioners, small law firms and public interest attorneys may find themselves more dramatically affected by the collective impact of recent government action involving the legal industry than even the BigLaw firms named in the executive orders, says Reuben Guttman at Guttman Buschner.

  • Opinion

    Lawsuits Shouldn't Be Shadow Assets For Foreign Capital

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    Third-party litigation financing amplifies inefficiencies from litigation and facilitates national exposure to foreign influence in the U.S. justice system, so full disclosure of financing arrangements should be required as a matter of institutional integrity, says Roland Eisenhuth at the American Property Casualty Insurance Association.

  • 2 Del. Rulings Reinforce Proof Needed For Records Demands

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    Two recent Delaware Court of Chancery decisions involving Amazon and Paramount Global illustrate the significance of the credible basis standard on books and records requests, underscoring that stockholders seeking to investigate wrongdoing must come forward with actual evidence of misconduct — not mere allegations, say attorneys at Cleary.

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