Heavyweight trade associations in the financial services industry on Friday assailed New Jersey’s plan to hold broker-dealers to the same fiduciary duty as investment advisers, the same day Massachusetts launched its own fiduciary initiative with a call for comments.
A former employee at global semiconductor company Analog Devices Inc. has been charged with stealing the company's trade secrets and selling its designs as his own, according to an indictment unsealed Friday in Boston federal court.
A company that provides automation software and services to health care providers and a biopharmaceutical company established price ranges for their initial public offerings on Friday, hoping to raise a combined $825 million in offerings steered by Simpson Thacher and Fenwick & West, respectively.
Indian internet technology consultant Hexaware said Friday it will pay $182 million to take over Mobiquity, a U.S.-based provider of digital customer experience services, with Skadden, Houthoff and J. Sagar Associates steering the buyer, and Pepper Hamilton, Grey Street Legal and Stibbe guiding the seller.
Local governments in the multidistrict opioid litigation on Friday launched an unusual effort to create a "negotiation class" of cities and counties that would seek a global settlement with drug companies accused of igniting a nationwide firestorm of addiction.
A Swiss businessman has been charged in the U.S. with insider trading ahead of Sanofi SA's acquisition of Bioverativ Inc. last year in an alleged get-rich-quick scheme that netted cash and stock options worth $4.7 million, prosecutors announced on Thursday.
DLA Piper added a new finance partner to its Boston office, welcoming an attorney from Morrison & Foerster LLP who aims to grow the finance practice in the Hub for the international firm.
Civil detention hearings for undocumented immigrants are unconstitutional because they place the burden of proof on the immigrants to prove they shouldn't be jailed, according to a proposed class action filed in Boston federal court Thursday by Mintz Levin Cohn Ferris Glovsky and Popeo PC and the American Civil Liberties Union.
A bipartisan group of senators has introduced a bill that would empower the Federal Communications Commission to slash prison phone rates, saying more phone calls between inmates and their families, clergy and lawyers will make inmates less likely to reoffend when they are released.
Pay4Education, a college finance and budgeting-focused fintech platform, said Thursday it has landed $575,000 in its first funding round that will be used to accelerate product development as the company prepares to launch. Correction: An earlier version of this story misstated the amount that was raised. The error has been corrected.
A paramedic who claimed her new manager defamed her and compelled her to resign could not revive her "meritless" lawsuit, as a Massachusetts Appeals Court ruled Thursday it is a manager's job to evaluate and critique the work of an employee.
Hundreds of Boston-area taxi companies have agreed in principle to settle six out of seven consolidated lawsuits against Uber alleging unfair pricing practices ahead of a trial scheduled to begin next month, according to a joint filing in Massachusetts federal court late Wednesday.
A Boston federal court has decided that Boies Schiller Flexner LLP can continue to represent two defendants in the Varsity Blues college admissions cheating case, despite the fact that one parent is cooperating with the government and may be called upon to testify against the other.
Construction company Skanska USA said Wednesday it has inked a $67 million contract with the Massachusetts Port Authority to build a canopy at Terminal C in Boston’s Logan International Airport, as the airport undergoes a major upgrade to accommodate increased passenger traffic.
A state judge in Boston's Business Litigation Session on Wednesday grilled an attorney bringing a whistleblower lawsuit that alleges $100 million in fraudulent charges by multiple banks, saying he was not sure the case could survive if only public information were used to draft the complaint.
Democratic Senator Elizabeth Warren demanded the head of the U.S. Department of Justice's Antitrust Division steer clear of reported investigations into Google and Apple, as the Massachusetts lawmaker said the antitrust chief’s past lobbying work with the tech giants means his involvement in the probes would cross ethical boundaries.
The former sailing coach at Stanford University avoided prison for his role in the nationwide college admissions scandal known as "Varsity Blues," with a Massachusetts federal judge handing down the first sentence in the headline-grabbing case Wednesday afternoon.
The estate of a man who won $10 million in the Massachusetts State Lottery claims a capital funding company stiffed him on lump-sum payments tied to the prize and owes more than $2.8 million, according to a suit filed in New York state court.
Lexington won't have to face claims that it conspired with other insurers to misrepresent the amount that three people would receive in settlement agreements, a First Circuit panel ruled late Tuesday, saying payments to brokers that came out of the settlements were industry practice and baked into the deals.
U.S. Sens. Elizabeth Warren, D-Mass., and Doug Jones, D-Ala., have sent a letter to the nation's top financial regulators asking how they plan to combat potential ethnic bias embedded in financial technology algorithms, according to a Wednesday announcement.
A Massachusetts federal judge changed his mind Tuesday on the value of the bond American investors have to post during a pause of Poland’s bid to enforce a $2.6 million arbitration award against the investors, saying they don’t need to include interest.
Insys Therapeutics Inc. told a Delaware judge Tuesday it is taking responsibility for its part in the nation’s opioid crisis as it moves quickly toward a Chapter 11 sale of its assets and a plan to pay legal liabilities, including roughly $200 million to settle government claims.
An old letter spared a Massachusetts attorney from having to face a malpractice suit for allegedly overcharging a client, as a state appeals court ruled Tuesday that the client waited too long to sue after sending the letter pointing out the potential overbilling.
Boies Schiller Flexner LLP has gone to great lengths to prevent communication between two teams at the firm representing separate defendants in the "Varsity Blues" college admissions cheating case, a Boies Schiller attorney told a Boston federal judge Tuesday at a hearing on potential conflicts of interest.
A group of senators, including several Democratic presidential hopefuls, sent a letter to McDonald’s CEO Steve Easterbrook on Tuesday asking the fast food giant to ensure that all franchisees adopt updated policies to prevent harassment and abuse.
The U.S. Supreme Court's unanimous ruling on Wednesday in Obduskey v. McCarthy & Holthus LLP removes nearly all activities taken by creditors seeking nonjudicial foreclosure of liens and mortgages from the ambit of the Fair Debt Collection Practices Act, says John Baxter of Nelson Mullins Riley & Scarborough LLP.
Trial counsel’s contribution to the virtual law team throughout the life cycle of a mass tort litigation rests in the key skill of viewing the case through the eyes of the ultimate audience for the defense, the jury, say attorneys at Covington & Burling LLP and Faegre Baker Daniels LLP.
These days, a popular theme in media is that lawyers' jobs will be taken by robots. However, based on the tech issues discussed at the South by Southwest technology conference in Austin, Texas, last month, robots may in fact need lawyers, says Nick Abrahams of Norton Rose Fulbright.
You passed the bar exam and are ready for the character and fitness committee interview. Time to think about how to discuss that minor incident in college, that misdemeanor in high school or that mental health issue that you have totally under control, says Richard Maltz of Frankfurt Kurnit Klein & Selz PC.
My initial reaction to "Doing Justice" was that author Preet Bharara may have bitten off more than he could chew — an accusation leveled against him when he served as U.S. attorney for the Southern District of New York — but I found the book full of helpful gems, says U.S. District Judge Cynthia Bashant of the Southern District of California.
Though most experts believe that an imminent recession is unlikely, slowdown fears are increasing. Now is the time for firms to consider how to best leverage their communications and marketing teams to lessen impacts from a potential economic slowdown, says Tom Orewyler of Tom Orewyler Communications LLC.
The next generation of wireless technology, 5G, could bring major advancements in everything from entertainment to public safety. But federal, state and local governments are at odds over how 5G should be deployed and who should regulate it, says Korey Clark of State Net Capitol Journal.
Social media presents rich opportunities to reach prospective clients. Attorneys should not let those opportunities pass them by, but they should keep their ethical obligations in mind as they post, says Cort Sylvester of Nilan Johnson Lewis PA.
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 Nina Godiwalla, director of diversity and inclusion at Norton Rose Fulbright.
Following the U.S. Supreme Court's ruling last year in Murphy v. National Collegiate Athletic Association, it is possible that almost every state will legalize sports betting. But political and economic factors seem likely to delay legislation, says Aaron Swerdlow of Weinberg Gonser LLP.
More and more corporations are now using requests for proposals to make data-driven decisions about which law firms to work with, so it is more important than ever for law firms to avoid common RFP mistakes, says Matthew Prinn of RFP Advisory Group.
By allowing the Boston Planning and Development Agency to move forward with a challenge against a foreclosure that purportedly terminated an affordable housing covenant, a Massachusetts trial court has recognized two key truisms of the state's foreclosure law, says Francesco De Vito of Rackemann Sawyer & Brewster PC.
Governors and lawmakers in statehouses across the country are currently weighing a plethora of health care proposals. Rich Ehisen of State Net Capitol Journal seeks insight from two health care experts regarding how some of these proposals fit into this year's broader legislative picture.
At a recent meeting of the National Association of Attorneys General, Federal Trade Commission Chairman Joseph Simons advocated for increased collaboration with state attorneys general, potentially raising the stakes for targeted companies and highlighting the importance of a strong compliance program, say attorneys with Buckley LLP.
Over the course of his career, Leon Panetta has served as a U.S. representative, director of the CIA and secretary of defense. But before all that, he was a lawyer. Randy Maniloff of White and Williams LLP asked him about his legal background — and about little men from outer space.