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Corporate
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October 17, 2025
Robbins Geller To Steer REIT Investors' Suit Over $787M Deal
Robbins Geller Rudman & Dowd LLP will lead a proposed class of investors in real estate investment trust Broadmark Realty Capital Inc. who claim they were misled by executives from the REIT ahead of a $787 million merger with Ready Capital Corp. in 2023.
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October 17, 2025
Phoenix Suns Minority Owners End Suit, Shift To Countersuit
Minority owners of the NBA's Phoenix Suns on Friday dropped their Delaware Court of Chancery lawsuit seeking to obtain certain company documents, but said they are now focused on asserting counterclaims of mismanagement and misconduct in a suit filed earlier this week by majority owner Mat Ishbia.
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October 17, 2025
Federal Courts To Scale Back Operations Amid Shutdown
The federal court system has run out of money and will scale back operations beginning Monday as a result of the ongoing government shutdown, possibly leading to case delays.
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October 17, 2025
USPTO Head To Take Over Patent Review Institution Decisions
John Squires, director of the U.S. Patent and Trademark Office, said Friday that he will now make all decisions on whether to institute America Invents Act reviews of patents, including on the merits of the challenge and discretionary issues, in a major overhaul of the review system.
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October 17, 2025
Artists Ask To Certify Classes In Google AI Copyright Suit
A group of artists and writers who claim their copyrights were infringed when Google used their works to train its artificial intelligence model asked a California federal judge to grant them class certification.
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October 17, 2025
MGA Fights New Trial On Damages In Doll TM Case
Toy maker MGA Entertainment wants to appeal a California federal judge's decision calling for a new jury trial to consider whether to award punitive damages to hip-hop moguls Clifford "T.I." Harris and Tameka "Tiny" Harris over a line of dolls called L.O.L. Surprise O.M.G.
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October 17, 2025
Covington Adds Former IRS Special Counsel In DC
Covington & Burling LLP has grown its tax practice in Washington, D.C., with the addition of a former special counsel in the Office of Chief Counsel at the Internal Revenue Service.
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October 17, 2025
Utah Fires Motley Rice From Opioid Case
The state of Utah has fired Motley Rice LLC from representing it in long-running litigation over the opioid crisis, a spokesperson for the Utah attorney general's office confirmed to Law360 Pulse on Friday.
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October 17, 2025
Steptoe Hires Corporate, Energy, Transactions Partner
Steptoe LLP has hired the former lead land use and real estate counsel for Florida's almost $3 billion I-4 ultimate highway reconstruction project, who has joined the firm's Washington, D.C., transactions practice to continue working with energy, infrastructure and real estate development matters.
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October 17, 2025
GC Cheat Sheet: The Hottest Corporate News Of The Week
Exxon was hit with a proposed class action alleging its new program to enable automated proxy voting for retail investors is intended to stifle shareholder dissent. Meanwhile, a new survey found that nearly two-thirds of in-house legal departments think they will rely less on outside legal service providers because of generative artificial intelligence. These are some of the stories in corporate legal news you may have missed in the past week.
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October 17, 2025
Taxation With Representation: Latham, Kirkland, Wachtell
In this week's Taxation With Representation, the Artificial Intelligence Infrastructure Partnership, MGX, and BlackRock's Global Infrastructure Partners acquire Aligned Data Centers from Macquarie Asset Management and co-investors; Rayonier Inc. and PotlatchDeltic Corp. merge to create a timber and wood products giant; and a Lone Star Funds affiliate acquires industrial processing equipment provider Hillenbrand Inc.
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October 16, 2025
Ripple Pays $1B For Treasury Management Co. GTreasury
Crypto exchange Ripple announced Thursday that it entered a deal to acquire treasury management systems provider GTreasury for $1 billion.
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October 16, 2025
Smartmatic Faces FCPA Indictment In Philippine Bribery Case
A Florida federal grand jury on Thursday returned a superseding indictment that adds charges against Smartmatic, which wasn't previously a party to prosecutors' case accusing former executives at the voting machine company of bribing an elections official in the Philippines to secure contracts.
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October 16, 2025
Privacy Compliance Needs 'Kindergarten Rules,' Atty Says
Panelists at a Los Angeles conference on the intersection of technology and entertainment tackled the issue of privacy and data laws Thursday, with one participant telling the crowd that helping clients avoid legal entanglements in those areas involves applying "kindergarten rules."
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October 16, 2025
Library Services Co. Accused Of Layoff Without Proper Notice
A Georgia company that identifies as the largest supplier of library content, software and services to public and academic libraries in the U.S., terminated at least 300 employees without proper notice as part of a mass layoff without meeting a federal 60-day notice requirement, according to a proposed class action.
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October 16, 2025
Justices Told Presidential Firing Limits Rely On 'Soured' Logic
President Donald Trump and a cadre of supporters have urged the U.S. Supreme Court to wipe out what remains of a 90-year-old ruling that empowers Congress to prohibit the president from firing certain agency officials at will, arguing the decision was flawed when originally issued and is now well past its prime.
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October 16, 2025
US Chamber Sues To Block Trump's $100,000 H-1B Visa Fee
The U.S. Chamber of Commerce sued the Trump administration on Thursday to block a planned increase in the cost of highly coveted H-1B visas, saying the proposed $100,000 fee would have a "devastating effect" on American businesses, particularly those in the tech, healthcare, higher education and manufacturing sectors.
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October 16, 2025
X, Musk Settle Former Executives' Severance Suit
Three former Twitter executives have settled their lawsuit claiming they were deprived of millions of dollars in severance benefits following Elon Musk's takeover of the social media company, according to a filing Thursday in California federal court.
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October 16, 2025
China's Crackdown On Rare Earth Minerals Spooks Importers
In the latest trade salvo between the U.S. and China, stricter Chinese export controls on critical earth minerals that many U.S. manufacturers rely on are causing concern for businesses, which may have difficulty diversifying supply chains for the rare materials.
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October 16, 2025
Peloton Moves To Toss Investors' Revived COVID-19 Suit
Peloton has once again moved to dismiss a proposed class action lawsuit revived by the Second Circuit last month, saying that investors couldn't prove executives intentionally misled them into believing that a spike in demand during the first year of the COVID-19 pandemic was sustainable.
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October 16, 2025
Research Exec Faked Data, Worked For Rivals, $10M Suit Says
A Massachusetts marketing and political research firm that has done work for Snapchat, Paramount and the government says its co-founder and former chief analytics officer falsified data and used its resources on projects for competitors, and is seeking at least $10 million in damages in a recently launched lawsuit.
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October 16, 2025
Consumer Group Seeks Role In Nationals' Hidden Fees Suit
A national consumers group asked a Washington, D.C., federal court for permission to intervene as a plaintiff in what it called a "copycat" proposed class action against the MLB's Washington Nationals over hidden ticket fees so it can request a stay and protect the progress it has made in its own state court lawsuit.
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October 16, 2025
Fla. Pension Fund Sues To Block Exxon Retail Voting Program
A police pension fund in Florida hit Exxon Mobil Corp.'s directors with a proposed class action seeking to halt an allegedly unlawful, first-of-its-kind voting program that allows retail shareholders to opt to automatically support the board's recommendations.
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October 16, 2025
NLRB Says Fed. Law Preempts Calif.'s Labor Board Fill-In Law
The National Labor Relations Board claimed that newly enacted legislation to expand California's state labor board's powers was preempted by the National Labor Relations Act, in a complaint filed in California federal court.
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October 16, 2025
Wells Fargo To Settle Investors' 'Sham' Hiring Case For $85M
Wells Fargo & Co. has agreed to pay $85 million to exit an investor class action accusing it of conducting "sham" job interviews to meet diversity quotas, settling a yearslong dispute before it could reach trial in California federal court.
Expert Analysis
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The Int'l Compliance View: Everything Everywhere All At Once
Changes to the enforcement landscape in the U.S. and abroad shift the risks and incentives for global compliance programs, creating a race against the clock for companies to deploy investigative resources across worldwide operations, say attorneys at Dentons.
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Unpacking Notable Details From FTC's 'AI Washing' Cases
The Federal Trade Commission has brought many cases involving allegedly deceptive artificial intelligence claims over the past couple of years, illustrating overlooked aspects of AI washing generally and a few new types of AI marketing claims that may line up in regulatory crosshairs down the road, says Michael Atleson at DLA Piper.
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6 Questions We Should Ask About The Trump Trade Deals
Whenever the text becomes available, certain questions will help determine whether the Trump administration’s trade deals with U.S. trading partners have been crafted to form durable economic relationships, or ephemeral ties likely to break upon interpretive disagreement or a change in political will, says Ted Posner at Baker Botts.
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Justices' Age Verification Ruling May Lead To More State Laws
The U.S. Supreme Court’s recent Free Speech Coalition v. Paxton ruling, permitting a Texas law requiring certain websites to verify users’ ages, significantly expands states' ability to regulate minors’ social media access, further complicating the patchwork of internet privacy laws, say attorneys at Troutman.
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The Pros, Cons Of A Single Commissioner Leading The CFTC
While a single-member U.S. Commodity Futures Trading Commission may require fewer resources and be more efficient, its internal decision-making process would be less transparent to those outside the agency, reflect less compromise between competing viewpoints and provide the public with less predictability, says former CFTC Commissioner Dan Berkovitz.
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E-Discovery Quarterly: Rulings On Relevance Redactions
In recent cases addressing redactions that parties sought to apply based on the relevance of information — as opposed to considerations of privilege — courts have generally limited a party’s ability to withhold nonresponsive or irrelevant material, providing a few lessons for discovery strategy, say attorneys at Sidley.
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Opinion
Section 1983 Has Promise After End Of Nationwide Injunctions
After the U.S. Supreme Court recently struck down the practice of nationwide injunctions in Trump v. Casa, Section 1983 civil rights suits can provide a better pathway to hold the government accountable — but this will require reforms to qualified immunity, says Marc Levin at the Council on Criminal Justice.
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Now Is The Time To Prep For SEC's New Data Breach Regs
Recent remarks from the U.S. Securities and Exchange Commission’s acting director of the Division of Examinations suggest that the commission will support exams for compliance with its new data breach detection and reporting regulations, and a looming deadline means investment advisers and broker-dealers must act now to update their processes, say attorneys at McGuireWoods.
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Corp. Human Rights Regulatory Landscape Is Fragmented
Given the complexity of compliance with nations' overlapping human rights laws, multinational companies need to be cognizant of the evolving approaches to modern slavery transparency, and proposals that could reduce mandatory due diligence and reporting requirements, say attorneys at Simpson Thacher.
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Impending Quality Control Standards Pose Risks For Auditors
Public accounting firms will need to comply with new standards aimed at strengthening their quality control systems by the end of this year, a significant challenge sure to increase costs, individual liability and regulatory scrutiny, say Kelly Bossard at FTI Consulting and Mike Plotnick at King & Spalding.
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Opinion
Premerger Settlements Don't Meet Standard For Bribery
Claims that Paramount’s decision to settle a lawsuit with President Donald Trump while it was undergoing a premerger regulatory review amounts to a quid pro quo misconstrue bribery law and ignore how modern legal departments operate, says Ediberto Román at the Florida International University College of Law.
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Texas Med Spas Must Prepare For 2 New State Laws
Two new laws in Texas — regulating elective intravenous therapy and reforming healthcare noncompetes — mark a pivotal shift in the regulatory framework for medical spas in the state, which must proactively adapt their operations and contractual practices, says Brad Cook at Munsch Hardt.
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Series
Playing Soccer Makes Me A Better Lawyer
Soccer has become a key contributor to how I approach my work, and the lessons I’ve learned on the pitch about leadership, adaptability, resilience and communication make me better at what I do every day in my legal career, says Whitney O’Byrne at MoFo.
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Forced Labor Bans Hold Steady Amid Shifts In Global Trade
As businesses try to navigate shifting regulatory trends affecting human rights and sustainability, forced labor import bans present a zone of relative stability, notwithstanding outstanding questions about the future of enforcement, say attorneys at Simpson Thacher.
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Grappling With Workforce-Related Immigration Enforcement
To withstand the tightening of workforce-related immigration rules and the enforcement uptick we are seeing in the U.S. and elsewhere, companies must strike a balance between responding quickly to regulatory changes, and developing proactive strategies that minimize risk, say attorneys at Fragomen.