The U.S. Securities and Exchange Commission is investigating Honeywell International Inc.’s accounting of liability for asbestos claims after the company raised its estimate earlier this year by $1.1 billion, the company revealed in its securities filing Friday.
A California federal jury found Friday that a Hewlett Packard unit must pay a software startup more than $2.3 million for work on a Malaysian banking project, while clearing HP on many of the allegations in a contract suit that sought tens of millions in damages.
Four companies have asked the Supreme Court to review the Sixth Circuit’s decision to approve the certification of certain issues for classwide treatment in a group of Dayton, Ohio, residents’ lawsuit accusing the companies of groundwater pollution.
Jeanette Manfra, a top cybersecurity and communications official at the U.S. Department of Homeland Security, tells Law360 why she's inviting general counsel to trade information about cyberthreats with her office and discusses the department's plan to secure the upcoming federal and state elections.
A personal injury lawyer and her firm have urged the U.S. Supreme Court to review the California Supreme Court's split ruling that reverses an order requiring Yelp Inc. to take down defamatory reviews that a former client posted on the customer review site.
U.S. Patent and Trademark Office Director Andrei Iancu said in a speech to the Eastern District of Texas Bar Association Thursday that complaining about patent trolls is harmful to innovation and an effort to weaken the patent system that amounts to “Orwellian doublespeak.”
A former Bush administration chief ethics attorney, who has urged two National Labor Relations Board members to step away from a closely watched joint employer case involving McDonald's because of their ties to Littler Mendelson PC and Morgan Lewis & Bockius LLP, said the burger giant's counsel was out of line when it attacked his credibility last week.
A new pilot program will require inbound U.S. investments across nearly 30 industries to file with the Committee on Foreign Investment in the United States, a significant change from the previously optional process that could spur steep financial penalties for those who fail to comply. Here, Law360 outlines key aspects of the soon-to-be-instituted rule change.
Three separate surveys published recently identified the four firms that general counsel fear the most, revealed one in four professional women working in the legal industry experienced some form of sexual harassment or misconduct in the past five years and showed legal industry has a serious problem with bullying. These are some of the stories in corporate legal news you may have missed in the past week.
The U.S. Department of Justice has recently taken aggressive steps to augment government oversight and insert itself into the planning process for the asbestos bankruptcy trust system, heeding calls from state attorneys general and corporate America for greater transparency in how trusts are run.
The Internal Revenue Service on Friday proposed highly anticipated rules clarifying what kinds of taxable gains can be deferred from investments in the opportunity zone program created by last year's federal tax overhaul.
A New York federal judge has ordered Allergan to produce documents from the files its CEO and other senior executives on a deal that transferred patents to a Native American tribe for plaintiffs in multidistrict litigation accusing the drugmaker of illegally delaying a generic version of its dry-eye medication Restasis.
A business developer accused of sneaking her name onto corporate paperwork to steal control of a budding peer-to-peer cryptocurrency platform agreed Thursday to an expedited Nov. 5 trial in Manhattan to determine whether she rightfully owns the platform.
Microsoft astonished some in the tech community by joining the Open Innovation Network, a group of companies that provide each other free licenses to patents covering the Linux operating system, but attorneys say it's a smart move to bolster Microsoft's cloud computing business.
A Massachusetts federal judge has dismissed a beer vendor's suit against Glassdoor Inc. alleging the website was liable for "trolling" reviews against one of its employees, ruling that Glassdoor is protected by federal law because it didn't create the reviews.
Facebook urged a California federal judge on Wednesday to toss an aromatherapy business owner’s putative class action alleging the social media giant bolsters its advertising revenue by inflating the potential reach of demographic figures provided to its clients, saying it expressly told advertisers the figures might not align with third-party calculations.
New York’s high court on Thursday sided with the state’s Department of Labor in a suit over apprentice wages on public-work projects, ruling that the agency properly reasoned that apprentices not performing the tasks of their trade must be paid higher wages.
The Communications Workers of America District 9 said Thursday it has filed a motion to become a party to the California Public Utilities Commission's review of the proposed $59 billion T-Mobile and Sprint merger, saying it could lead to fewer jobs, lower wages and higher prices for consumers.
Employees at Burger King slapped the fast food chain with a proposed class action over its intra-franchise no-poaching agreements in Florida federal court Thursday, invoking free-market founding philosopher Adam Smith's warning of more than two centuries ago that employers will do whatever it takes to keep wages down.
StarKist Co. has agreed to plead guilty to a one-count felony charge for its role in a conspiracy to fix prices of canned tuna, the U.S. Department of Justice said Thursday, the same day the information was filed in California federal court.
The process of applying for litigation financing isn’t difficult, but few do it right the first time. Following five steps in your application process will help make sure litigation funders are convinced of the value of your company's legal claims, says Molly Pease of Curiam Capital LLC.
The Democratic Party is expected to take control of the House of Representatives next year, which will dramatically increase the congressional investigations risks for the private sector. Prime targets include pharmaceutical, financial services and technology companies, says Brian Smith of Covington & Burling LLP.
A new California law will allow privately held companies to use blockchain technology for stock issuance and other corporate records. However, corporations should be cautious about moving into this relatively uncharted territory, say Sara O’Connell and Riaz Karamali of Pillsbury Winthrop Shaw Pittman LLP.
The Ninth Circuit’s recent decision in Marsh v. J. Alexander’s may significantly impair the ability of companies in the hospitality industry to pay a reduced wage to tipped employees. As a result, employers will need to be cautious when applying a tip credit toward minimum wages, says Margaret Grover of Wendel Rosen Black & Dean LLP.
Attorneys at Eversheds Sutherland LLP provide a practical approach to evaluating ownership of non-U.S. entities under the new Subpart F rules and to dealing with the consequences of becoming a U.S. shareholder in a CFC in which you have no control.
For most employers, the value of a class action waiver far outweighs the negatives of arbitration, but proactive in-house lawyers can do more than simply avoid class actions. The risk and cost of individual arbitration cases can be managed effectively with early case assessment and alternative fee arrangements, says Brendan Sweeney of Jackson Lewis PC.
In Troester v. Starbucks, the California Supreme Court recently held that the federal de minimis doctrine does not apply to claims for unpaid wages under the California Labor Code. Attorneys with Payne & Fears LLP take a deeper dive into some lingering employer questions related to the ruling.
In an era when law firms are fighting for business and clients can dictate the terms of the relationship, "value" has become a moving target. Firms that take a proactive approach by using strategies designed to articulate value over time will gain the competitive advantage, says Dan Tacone at Intapp Inc.
In this monthly series, Amanda Brady of Major Lindsey & Africa interviews management from top law firms about the increasingly competitive business environment. Here we feature Pier D'Angelo, chief pricing and practice officer at Allens.
Which is more important — data privacy or cybersecurity? Most in-house counsel know the answer depends on which receives the limited available compliance budget. But companies should think about the issue from a broader trade secret perspective, says Scott Warren of Squire Patton Boggs LLP.