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December 09, 2025
FINRA Flags GenAI Risks In Annual Oversight Report
The Financial Industry Regulatory Authority said in a Tuesday report that firms "may want to consider" developing supervisory processes covering generative AI at an enterprise level, as well as steps to mitigate associated risks such as inaccuracy and bias.
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December 09, 2025
Ex-Oil Trader Gets 15 Months, Avoids FCPA Forfeiture For Now
A former Connecticut oil trader convicted of violating the Foreign Corrupt Practices Act by laundering money and bribing officials at Brazilian oil giant Petróleo Brasileiro SA on Tuesday was sentenced to 15 months behind bars plus a $300,000 fine, avoiding for now a potential $7.8 million forfeiture order.
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December 09, 2025
Cummins Investors Ink $1.6M Deal Over Emissions Fraud Suit
Engine manufacturer Cummins Inc. and its investors asked an Indiana federal court to approve a $1.6 million deal that will end claims that the company hurt investors by hiding emissions control devices in certain engines, causing it to owe $2 billion in payments to regulators to settle Clean Air Act claims.
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December 09, 2025
FTX Customers Seek Final OK For $10M Deal With Silvergate
Customers of failed crypto exchange FTX asked a California federal judge to give final approval to a $10 million settlement resolving claims that Silvergate Bank and its parent company enabled the multibillion-dollar FTX fraud, saying the deal represents the best, and likely only, meaningful recovery available from the now-bankrupt lender.
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December 09, 2025
Expert Invoices Discoverable In J&J Talc MDL, Judge Says
A New Jersey federal judge said Monday that the plaintiffs steering committee can receive invoices for Johnson & Johnson's experts' work relating to multidistrict litigation alleging the use of talcum powder caused ovarian cancer and mesothelioma, but only after it produces its own expert invoices.
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December 09, 2025
Judge Appears Unmoved By Ex-Drexel Officer's Bias Claims
A Pennsylvania federal judge on Tuesday seemed skeptical of a former Drexel University administrator's claims that the tense workplace exchanges she experienced were spurred by racial and gender animus, appearing unconvinced that they were more than office disagreements.
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December 09, 2025
Mistrial Declared In Fla. Opioid Case Against Pharmacies
A Florida state judge declared a mistrial following a hung jury after two weeks of deliberations in a lawsuit brought by hospitals alleging that Walmart, Walgreens and CVS pharmacies negligently doled out painkillers and contributed to the opioid crisis.
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December 09, 2025
Del. Justices Uphold Contract Bar On CityMD Merger Claims
The Delaware Supreme Court Tuesday affirmed the Chancery Court's dismissal of minority investors' claims tied to the 2023 merger of urgent care operator CityMD and Summit Health with Walgreens-controlled VillageMD, siding with private equity group Warburg Pincus and holding that the dispute is governed by contract rather than fiduciary-duty principles.
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December 09, 2025
Hagens Berman's Novel DOJ Referral May Have Chilling Effect
A Pennsylvania federal judge's unusual decision to refer prominent plaintiffs firm Hagens Berman LLP to the U.S. Department of Justice for possible criminal investigation over its pursuit of claims related to morning sickness drug thalidomide could have a chilling effect on lawyers' advocacy, law professors and attorneys said.
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December 09, 2025
Co-Founder Gave Up Stock Rights, Weapons Co. Tells Chancery
Armaments Research Co. Inc., a weapons analytics company that uses AI, told the Delaware Chancery Court on Tuesday that its co-founder relinquished the contractual rights he now seeks to enforce over the valuation of his repurchased shares.
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December 09, 2025
Amazon Still Can't Claw Back FTC Probe Documents
A Washington federal judge refused Monday to reconsider his order allowing the Federal Trade Commission to hold on to documents produced in the investigation preceding its antitrust lawsuit accusing Amazon of creating an artificial pricing floor, concluding the online retail giant never clearly argued any material was produced "inadvertently."
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December 09, 2025
Marsh Rival Wants Out Of Employee Poaching Scheme Suit
An insurance company accused by Marsh & McLennan Agency of poaching an employee has asked a Manhattan federal judge to dismiss Marsh's suit, saying the court had no jurisdiction because the claims had not been sufficiently tied to New York.
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December 09, 2025
GEO's GC To Retire Amid Forced Labor Suit At High Court
The general counsel to the GEO Group Inc. has announced his retirement amid the company's battle at the U.S. Supreme Court, where the private prison operator stands accused of forcing immigrant detainees to clean a detention facility.
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December 09, 2025
Akerman Adds Steptoe Counsel To DC Corporate Team
Akerman LLP has hired a former of counsel from Steptoe LLP who started his career in public service working as an attorney advisor at the Federal Energy Regulatory Commission, the firm announced Monday.
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December 09, 2025
Insurer Says Whistleblower Stole Docs In Medicare FCA Case
An insurer accused of running a kickback scheme to steer customers to its Medicare Advantage plan is seeking to question the whistleblower that sparked the False Claims Act suit, telling a Massachusetts federal judge on Tuesday that he snapped unauthorized photos of company files.
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December 09, 2025
NJ Hospital Calls Ex-Executive's Bias Claims Deficient
A Garden State hospital is urging a state judge to toss major portions of a discrimination and retaliation suit filed by its former chief strategic integration and health equity officer, arguing that her claims under the New Jersey Law Against Discrimination fall short as a matter of law.
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December 09, 2025
Tribes, Gaming Groups Challenge Kalshi's NY Gaming Lawsuit
A slew of tribal gaming associations are backing the New York State Gaming Commission in a dispute with Kalshi over state gaming laws, arguing that the trading platform has unfairly entered the market to the detriment of Indigenous nations' revenue and bargained compacts.
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December 09, 2025
Wells Fargo $84M ERISA Stock Option Suit Deal Initially OK'd
A Minnesota federal court gave its initial sign-off to an $84 million settlement that Wells Fargo & Co. agreed to pay to end a class action alleging that the bank ran afoul of federal benefits law when it used dividends earned by its employee stock ownership plan to meet its 401(k) matching obligations.
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December 09, 2025
McDonald's Narrows Fired Worker's Sex Harassment Suit
An ex-McDonald's worker failed to show she was fired for complaining that a co-worker sexually harassed her, an Illinois federal judge ruled, cutting claims from a proposed class action that the fast food giant often retaliated against workers who reported on-the-job sexual harassment.
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December 08, 2025
7-Eleven To Pay $4.5M Penalty Over Fla. Gas Station Buy
7-Eleven Inc. and its Japanese parent company will pay a historic $4.5 million penalty to settle the Federal Trade Commission's allegations that the convenience store giant bought a Florida gas station without first informing the FTC, in violation of a 2018 agreement, the agency announced Monday.
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December 08, 2025
Trump SPAC's Ex-CEO Seeks $50K Daily Sanctions In Fee Row
A former CEO of Donald Trump-tied blank check company Digital World Acquisition Corp. has urged the Delaware Chancery Court to impose a $50,000-per-day sanction against the company for allegedly "throwing a tantrum" and refusing to pay roughly $2 million of a $2.9 million and growing legal fee advancement order in connection with litigation in Florida.
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December 08, 2025
X Claims Engineer Stole 6M Lines Of Code To Launch New Co.
X Corp. is accusing a fired software engineer of stealing trade secrets to start her own company, alleging in a federal lawsuit that she exploited upheaval following Elon Musk's April 2022 purchase of the Twitter social media platform to download 6 million lines of proprietary source code.
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December 08, 2025
Liberty Mutual Hit With $103M Age Bias Jury Verdict
A California jury has awarded a former Liberty Mutual Insurance Co. employee $103 million in damages after finding that the company discriminated against and harassed her based on her age, an amount the worker's lawyers say is among the largest age discrimination verdicts in history.
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December 08, 2025
Forescout Investors Get Final OK For $45M Deal, Atty Fees
Investors in cybersecurity company Forescout have gotten a final nod for their $45 million deal ending claims over an acquisition deal that was scuttled in 2020.
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December 08, 2025
Conservative Justices Probe 'Husk' Of FTC Firing Protections
The U.S. Supreme Court's conservative majority pushed back Monday against the 90-year-old precedent permitting the removal only for cause of Federal Trade Commission members, and perhaps those serving other independent agencies, calling those safeguards a "dried husk" and wondering where to draw the line for protected agencies.
Expert Analysis
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Agentic AI Puts A New Twist On Attorney Ethics Obligations
As lawyers increasingly use autonomous artificial intelligence agents, disciplinary authorities must decide whether attorney responsibility for an AI-caused legal ethics violation is personal or supervisory, and firms must enact strong policies regarding agentic AI use and supervision, says Grace Wynn at HWG.
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Sweeping US Tax And Spending Bill May Bolster PE Returns
The One Big Beautiful Bill Act stands to benefit private equity sponsors and their investors as it alters existing law, including at the portfolio company level, making it crucial to reevaluate historic tax planning and optimize for the new tax regime, say attorneys at Paul Hastings.
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Resilience Planning Is New Key To Corporate Sustainability
While the current wave of deregulation may reduce government enforcement related to climate issues, businesses still need to evaluate how climate volatility may affect their operations and create new legal risks — making the apolitical concept of resilience increasingly important for companies, says J. Michael Showalter at ArentFox Schiff.
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Parsing Trump Admin's First 6 Months Of SEC Enforcement
The U.S. Securities and Exchange Commission's enforcement results for the first six months of the Trump administration show substantially fewer new enforcement actions compared to the same period under the previous administration, but indicate a clear focus on traditional fraud schemes affecting retail investors, say attorneys at King & Spalding.
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HSR Compliance Remains A Priority From Biden To Trump
Several new enforcement actions from the Federal Trade Commission and the U.S. Department of Justice illustrate that rigorous attention to Hart-Scott-Rodino Act compliance has become a critical component of the U.S. merger review process, even amid the political transition from the Biden to Trump administrations, say attorneys at Baker McKenzie.
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Cos. Face EU, US Regulatory Tension On Many Fronts
When the European Union sets stringent standards, companies seeking to operate in the international marketplace must conform to them, or else concede opportunities — but with the current U.S. administration pushing hard to roll back regulations, global companies face an increasing tension over which standards to follow, say attorneys at Baker McKenzie.
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FDA Transparency Plans Raise Investor Disclosure Red Flags
The U.S. Food and Drug Administration’s recently announced intent to publish complete response letters for unapproved drugs and devices implicates certain investor disclosure requirements under securities laws, making it necessary for life sciences and biotech companies to adopt robust controls going forward, say attorneys at Arnold & Porter.
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Series
Being A Professional Wrestler Makes Me A Better Lawyer
Pursuing my childhood dream of being a professional wrestler has taught me important legal career lessons about communication, adaptability, oral advocacy and professionalism, says Christopher Freiberg at Midwest Disability.
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Opportunity Zone's Future Corp. Tax Benefits Still Uncertain
Despite recent legislative enhancements to the qualified opportunity fund program, and a new G7 understanding that would exempt U.S.-parented multinationals from the undertaxed profits rule, uncertainties over future tax benefits could dampen investment interest in the program, says Alan Lederman at Gunster.
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SEC Rulemaking Radar: The Debut Of Atkins' 'New Day'
The U.S. Securities and Exchange Commission's regulatory flex agenda, published last week, demonstrates a clear return to appropriately tailored and mission-focused rulemaking, with potential new rules applicable to brokers, exchanges and trading, among others, say attorneys at Goodwin.
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DOJ's New Initiative Puts Title IX Compliance In Spotlight
Following the federal government's recent guidance regarding enhanced enforcement of discrimination on the basis of sex, organizations should evaluate whether they fall under the aegis of Title IX's scope, which is broader than many realize, and assess discrimination prevention opportunities, say attorneys at Foley & Lardner.
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Series
Law School's Missed Lessons: Adapting To The Age Of AI
Though law school may not have specifically taught us how to use generative artificial intelligence to help with our daily legal tasks, it did provide us the mental building blocks necessary for adapting to this new technology — and the judgment to discern what shouldn’t be automated, says Pamela Dorian at Cozen O'Connor.
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Ch. 11 Ruling Voiding $2M Litigation Funding Sends A Warning
A recent Texas bankruptcy court decision that a postconfirmation litigation trust has no obligations to repay a completely drawn down $2 million litigation funding agreement serves as a warning for estate administrators and funders to properly disclose the intended financing, say attorneys at Kleinberg Kaplan.
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A Changing Playbook For Fighting Records Requests In Del.
The Delaware Supreme Court's recent decision in Wong v. Amazon, reversing the denial of an inspection demand brought by a stockholder, serves as a stark warning to corporations challenging books and records requests, making clear that companies cannot defeat such demands solely by attacking the scope of their stated purpose, say attorneys at Duane Morris.
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Tesla Verdict May Set New Liability Benchmarks For AV Suits
The recent jury verdict in Benavides v. Tesla is notable not only for a massive payout — including $200 million in punitive damages — but because it apportions fault between the company's self-driving technology and the driver, inviting more scrutiny of automated vehicle marketing and technology, says Michael Avanesian at Avian Law Group.