Corporate

  • June 05, 2026

    Klarna Says 'Buy Now, Pay Later' Users Agreed To Arbitration

    Klarna is fighting to send to arbitration a proposed class action that alleges its "buy now, pay later" service targets financially vulnerable people without screening out unaffordable lending, saying the lead plaintiffs have agreed multiple times to arbitrate disputes over Klarna's products and services.

  • June 05, 2026

    Ex-CFO Faces $35M Restitution With No Crypto Offset

    A Washington federal judge has ordered Fabric Inc.'s former chief financial officer to pay $35 million in restitution after he embezzled the sum from the software firm to invest in crypto tokens that later collapsed, rejecting his arguments that he shouldn't be on the hook for losses that occurred after he gave the tokens to the firm.

  • June 05, 2026

    Activist Warns SpaceX Investors Over Valuation, Governance

    SOC Investment Group is cautioning potential investors in SpaceX's upcoming initial public offering about perceived financial risks, saying it has an inflated valuation and issues over transparency and governance.

  • June 05, 2026

    In Industry First, Cannabis Co. Trulieve Will List On NYSE

    Multistate marijuana company Trulieve Cannabis Corp. announced Friday that in response to a Trump administration rule loosening federal restrictions on medical cannabis, it would be listed on the New York Stock Exchange beginning next week, a first for the marijuana industry.

  • June 05, 2026

    Credit Check Co. Will Pay $17.5M To Settle Data Breach Suits

    A Michigan federal judge has granted preliminary approval to a $17.5 million settlement for consumers who sued a loan credit check company following a data breach that potentially exposed the personal and financial information of some 5.8 million people.

  • June 05, 2026

    MoFo Adds AI-Focused Labor Atty From McDermott In LA

    Morrison Foerster LLP has expanded its employment and labor group in Los Angeles with the addition of a former McDermott Will & Schulte attorney.

  • June 05, 2026

    Saks Global OK To Exit Bankruptcy With $500M, Rebound Plan

    A Texas bankruptcy judge signed off Friday on retailer Saks Global's Chapter 11 plan, allowing the debtor to cut most of its existing debt and borrow $500 million in new money to support an effort to revitalize its business.

  • June 05, 2026

    CoStar Gets Antitrust Suit Paused Pending Transfers

    A Virginia federal judge granted commercial real estate information company CoStar's request to pause a brokerage's proposed antitrust class action due to pending transfer motions.

  • June 05, 2026

    Judge Asks How FCC Ruling Affects $6.6M IRS Penalty Fight

    A Pennsylvania federal judge ordered briefing on how the U.S. Supreme Court's new decision upholding agency fines without a jury trial affects a $6.6 million tax penalty dispute, signaling potential reconsideration of last year's opinion in the case.

  • June 05, 2026

    Taxation With Representation: Simpson Thacher, Fried Frank

    In this week's Taxation With Representation, Berkshire Hathaway Inc. takes Taylor Morrison Home Corp. private, global real estate investment company Kennedy Wilson forms a residential joint venture with Netherlands pension services provider APG, and Wellington Management acquires Hartford Funds from insurer The Hartford.

  • June 05, 2026

    GC Cheat Sheet: The Hottest Corporate News Of The Week

    Among the stories in corporate legal news you may have missed in the past week, investor advocates have questioned the legality of the SEC's plan to withdraw corporate climate disclosure regulations, and an insurance broker's report found claims made under policies for mergers and acquisitions have risen in frequency and severity.

  • June 05, 2026

    DLA Piper Adds Ex-ArentFox Schiff Gov't Contracts Lawyer

    DLA Piper LLP has hired a former ArentFox Schiff LLP government contracts partner who throughout his career has advised on multimillion-dollar deals for corporate, private equity and other clients.

  • June 05, 2026

    UK Litigation Roundup: Here's What You Missed In London

    The past week in London has seen the U.K.'s oldest Indian restaurant launch an appeal against King Charles III's property company in an effort to stop its eviction, trustees of a bankrupt former EY tax partner file a claim against his wife, and 37 leading insurers bring a lawsuit against agrichemical company Syngenta over an insurance dispute. Here, Law360 looks at these and other new claims in the U.K.

  • June 05, 2026

    4 Argument Sessions For Benefits Attys To Watch In June

    The Ninth Circuit will hear from a benefits administrator that claims federal law preempts state-law data breach claims, and Amazon will defend its win in a military leave bias suit at the Second Circuit. Here, Law360 looks at cases being argued in June that benefits attorneys should have on their radar.

  • June 04, 2026

    Trump Era Worse Than McCarthy For Speech, Law Dean Says

    The dean of UC Berkeley's law school told an audience of lawyers and artists on Thursday that America is experiencing "an unprecedented assault on the Constitution, on the First Amendment, and on freedom of speech," comparing the country under President Donald Trump unfavorably to the McCarthy era.

  • June 04, 2026

    Tyco To Pay $10M To Resolve Wis. PFAS Contamination Suit

    Tyco Fire Products has agreed to shell out $10 million and continue to address PFAS contamination in Wisconsin under what the state called a "historic" agreement resolving allegations that the company failed to report or remediate harmful chemicals seeping into the groundwater around a firefighting testing site.

  • June 04, 2026

    Draft House Bill Aims To Set Federal AI Regulatory Standard

    A bipartisan pair of House members Thursday released a draft proposal to create a federal framework for AI governance that would require large developers to take steps to address and disclose "catastrophic" risks while prohibiting states from crafting or enforcing laws "targeting the development of AI models" for three years.

  • June 04, 2026

    5th Circ. Unblocks Texas App Age-Check Law During Appeal

    The Fifth Circuit on Thursday paused an injunction halting a Texas law that requires app store owners to verify users' ages and block minors from downloading apps or making in-app purchases without parental consent, saying the state will likely succeed in showing the district court erred in blocking the law.

  • June 04, 2026

    Meta Says Section 230 Foils Social Media Addiction Verdict

    Meta urged a Los Angeles judge on Thursday to toss a landmark verdict against the social media giant and Google for harming a young woman's mental health, saying it deserves a total victory under Section 230 because the plaintiff was addicted to third-party content, not the platforms themselves.

  • June 04, 2026

    No 'Conspiracy To Hide Asbestos' In Talc, J&J Atty Tells Jury

    An attorney for Johnson & Johnson said Thursday during closing arguments of a six-week bellwether trial that the only way three women's deadly ovarian cancers were caused by the company's talc would be a vast worldwide conspiracy to hide that asbestos is present in the products, but it just "doesn't make sense."

  • June 04, 2026

    Generics Cos. Get More Freedom In High Court Patent Ruling

    The U.S. Supreme Court's decision Thursday shutting down a patent case involving a generic heart drug that uses a so-called skinny label establishes a road map for generics companies to avoid such suits and creates hurdles for branded companies pursuing infringement litigation, attorneys say.

  • June 04, 2026

    QVC Defends Ch. 11 Plan Against Shareholder Objection

    QVC Group Inc. defended its Chapter 11 plan at the beginning of a multiday confirmation hearing, calling it the result of a robust, good-faith process and arguing that a competing proposal from objecting preferred shareholders would lead to years of litigation.

  • June 04, 2026

    Rusoro Says Gold Reserve Can't Blame It For Failed Citgo Bid

    Rusoro Mining Ltd. urged the Delaware Chancery Court on Thursday to dismiss Gold Reserve Ltd.'s lawsuit over a failed bid for Citgo Petroleum Corp.'s parent company, arguing the case is an improper attempt to interfere with a federal court auction that already ended with the approval of a competing bid.

  • June 04, 2026

    DR Horton, Forestar Push To End Delaware Lot Deal Suit

    Real estate developer Forestar Group Inc. and its directors urged the Delaware Chancery Court on June 4 to toss a shareholder suit accusing home builder D.R. Horton Inc. of using its control of Forestar to obtain residential lots at below-market prices, arguing the pension fund behind the case skipped a required step before suing.

  • June 04, 2026

    Flyers Ask Full 5th Circ. To Rehear CrowdStrike IT Outage Suit

    Airline passengers have asked the full Fifth Circuit to review a panel decision rejecting their proposed class action alleging the cybersecurity firm behind 2024's crippling global IT outage should be held liable for stress and physical injuries they suffered while stranded by delayed or canceled flights.

Expert Analysis

  • How DOJ's New Corporate Crime Policy Will Work In Practice

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    The upshot of the Justice Department's new corporate crimes enforcement framework is uniformity for self-reporting companies, but there is uncertainty around how it will be applied in interaction with the Southern District of New York's more lenient, yet unpredictable, financial crimes enforcement program, say attorneys at Cahill Gordon.

  • One Idea To Fix The SEC's Risk Factor Disclosure Rules

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    U.S. Securities and Exchange Commission Chairman Paul Atkins recently invited the industry to suggest ways to reform the current risk factor disclosure framework, and amending Rule 10b-5 is one potential option to consider, say attorneys at A&O Shearman.

  • 3 Policy Lines To Revisit After Justices Nix Emergency Tariffs

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    The U.S. Supreme Court's invalidation of President Donald Trump's emergency-based tariffs could expose businesses to allegations of misrepresenting tariff effects and raise the prospect of consumer actions seeking refunds — underscoring the need for policyholders to potentially reposition their insurance portfolios, say attorneys at Reed Smith.

  • 5 Tips For Navigating Your Firm's All-Attorney Summit

    Excerpt from Practical Guidance
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    Law firm retreats should be approached strategically, as they present valuable opportunities to advance both the firm's objectives and attorneys' professional development through meaningful participation, building and strengthening internal relationships, and proactive follow-up, says James Argionis at Cozen O’Connor.

  • CFTC's No-Action Relief Fuels Energy Market Competition

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    The U.S. Commodity Futures Trading Commission recently launched a pilot program aimed at expanding access to energy markets, reflecting a shift toward supporting robust derivatives markets that balance regulatory safeguards with the needs of commodity end users, say attorneys at Moore & Van Allen.

  • How Bankrupt Cos. Can Seek Refunds For Illegal Tariffs

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    In light of the U.S. Supreme Court's recent decision striking down President Donald Trump's International Emergency Economic Powers Act tariffs as illegal, some companies may have strong prospects for recovering refunds from the government, and trustees in bankruptcy may have a significant role to play in seeking such recovery, say attorneys at Stinson.

  • 5 Gov't Contractor Tips Following Anthropic Risk Designation

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    The Pentagon's designation of Anthropic as a supply chain risk is an unprecedented action that raises significant legal questions, and with government contractors already receiving directives and inquiries concerning their use of Anthropic products and services, there are several strategies contractors can use to manage risk, say attorneys at Mayer Brown.

  • 6 Noteworthy Changes From SEC Enforcement Manual Update

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    Recent updates to the U.S. Securities and Exchange Commission’s enforcement manual represent a commitment to transparency and fair process, with the signature change being a requirement that staff make certain probative evidence available during the Wells process, say attorneys at Debevoise.

  • Series

    Coaching Soccer Makes Me A Better Lawyer

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    Coaching youth soccer for my 7-year-old son's team has sharpened how I communicate with clients, prepare witnesses, work within teams and think about leadership, making me a more thoughtful and effective lawyer in many ways, says Joshua Holt at Smith Currie.

  • How Internal Reporting Could Benefit Antitrust Whistleblowing

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    As the Justice Department's new antitrust whistleblower program stands to raise questions over the interaction between rewards and corporate leniency, incentivizing internal reporting first could increase the likelihood that the Antitrust Division receives the high-quality evidence needed to successfully prosecute cartel cases, says Daniel Oakes at Axinn.

  • What Texas Anti-Boycott Ruling Means For ESG Landscape

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    A Texas federal court's recent ruling in American Sustainable Business Council v. Hegar that Texas' anti-ESG law is unconstitutional on First Amendment grounds will likely embolden legal challenges to similar laws in other states that have adopted fossil fuel boycott statutes, say attorneys at ArentFox Schiff.

  • Series

    Law School's Missed Lessons: The Human Element

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    Law school teaches you to quickly apply intellect and logic when handling a legal issue, but every fact pattern also involves a person, making the ability to balance expertise with empathy critical to the growth of relationships with clients, colleagues and adversaries, says Rachel Adcox at Adcox Strategies.

  • 4 Ways To Help CBP Curb Shell Co. Import Schemes

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    Shifting to a proactive rather than reactive enforcement posture in addressing shell companies set up to skirt tariffs requires equipping U.S. Customs and Border Protection with enhanced investigative authorities, better intelligence support, and mechanisms to identify and hold accountable the ultimate illicit actors, say attorneys at Kelley Drye.

  • How DExit, Mandatory Arbitration Could Alter IPO Outlook

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    As companies continue to leave Delaware and the U.S. Securities and Exchange Commission begins allowing companies to implement mandatory arbitration provisions, these developments could have a major impact on the initial public offering, securities class action, and directors and officers insurance landscapes, says Walker Newell at Arthur J. Gallagher & Co.

  • Why Prediction Market Regulation Is At Major Inflection Point

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    As prediction markets experience tremendous growth and rapid mainstream adoption, regulators have begun to exercise enforcement authority to ensure market integrity and protect participants, though forthcoming guidance will shed light on how aggressively the agencies will police the fast-changing landscape, say attorneys at Latham.

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