The Federal Reserve is actively testing distributed ledger technologies and experimenting with digital currencies as it works toward the potential development of a central bank digital currency, board member Lael Brainard said in a speech on Thursday.
A Maine ballot initiative aimed at killing a $1 billion power line that would transmit clean energy from Canada through Maine has been rejected by the state's Supreme Judicial Court after it found on Thursday that the measure would overstep citizens' constitutional authority.
Ticket buyers say StubHub is on the hook for refunds for events canceled due to the coronavirus pandemic, one of the biggest egg suppliers in the country has been accused of price-gouging, and the Judicial Panel on Multidistrict Litigation has opted not to centralize all COVID-19 insurance cases.
Fantasy sports players asked the Second Circuit Wednesday to give them another crack at a proposed class action alleging Major League Baseball undermined the fantasy contests by failing to take proper action to stop cheating by the Houston Astros and Boston Red Sox.
A Massachusetts federal judge blasted a former tax attorney Thursday for using his legal skills to aid a pair of pump-and-dump fraud schemes that cost investors up to $15 million, sentencing him to 15 months in prison, or nearly four times longer than prosecutors requested.
New York City drivers told a federal judge that recent appellate rulings clarifying which transportation workers might be exempt from arbitration supports their efforts to litigate claims that Uber shortchanged drivers' fares by deducting ride-hailing taxes as well as inflated service fees.
McDermott Will & Emery LLP has beefed up its Boston presence by adding a pair of former Polsinelli PC attorneys in an effort to boost its intellectual property expertise in the health and life sciences arenas.
Thermo Fisher Scientific's $12.5 billion attempted takeover of European genetic testing company Qiagen fell apart Thursday, after the sweetened proposal failed to win over a majority of Qiagen's shareholders.
Specialty pharmacy Advanced Care Scripts Inc. will pay $3.5 million to settle federal claims it helped Teva Neuroscience Inc. funnel kickbacks to Medicare recipients to help them buy the company's multiple sclerosis drug, the U.S. Department of Justice said Thursday.
Private equity firms Vista Equity Partners and Bain Capital, counseled by Kirkland, will sell insurance software provider Vertafore Inc. to Davis Polk-advised Roper Technologies Inc. for roughly $5.35 billion, the companies said Thursday.
Curaleaf Inc., which bills itself as the world's largest cannabis corporation, has been hit with a lawsuit in New York federal court accusing it of violating the Telephone Consumer Protection Act, making it the latest pot company to face such a claim.
The man who tipped off federal prosecutors to the "Varsity Blues" college admissions scheme was sentenced to one year in prison Wednesday for his role in a $15 million pair of pump-and-dump schemes, after earning an "unprecedented discount" from the judge for his cooperation.
More than 90% of law graduates in the class of 2019 landed jobs after finishing school in what was the highest such rate in the dozen years since the start of the Great Recession, according to data released Wednesday, although that might be a high-water mark in years to come because of the coronavirus pandemic and its economic fallout.
Whole Foods Market Inc. "twists facts" by arguing its refusal to let employees wear Black Lives Matter masks is simply a matter of dress code policy and not illegal discrimination, workers suing the grocery chain said Tuesday in a filing in Massachusetts federal court.
British Airways PLC asked for a quick win late Tuesday in a suit accusing it of setting up a dangerous situation for disembarkment following a 2018 flight, arguing a passenger who tripped going down a set of mobile stairs and allegedly broke both her legs simply misjudged the bottom step.
A Massachusetts federal judge paused a proposed class action over the potency of CBD supplement products Tuesday, following three other federal courts in saying the suit can wait until the U.S. Food and Drug Administration releases long-awaited rules regulating the popular hemp-derived compound.
The U.S. Department of the Interior's recent move to loosen restrictions on the incidental killing of migratory birds illegally departed from decades of established practice and runs counter to the intent of a law designed to protect the creatures, a New York federal judge said Tuesday.
Workers at an agricultural facility for Cultivate Holdings LLC in Massachusetts, which supplies dispensaries in the greater Boston area, voted to unionize Tuesday with a local affiliate of the United Food and Commercial Workers Union.
Several major U.S. cities, including Boston and Los Angeles, are asking the D.C. Circuit to review a Federal Communications Commission order limiting local governments' authority to delay equipment upgrades in the agency's effort to expedite the deployment of 5G networks.
Outdoor gear retailer Recreational Equipment Inc. and a Massachusetts hand sanitizer company sought to capitalize on the COVID-19 pandemic by falsely marketing an alcohol-free product as a "proven alternative to alcohol sanitizers," according to a putative class action filed in federal court Tuesday.
Financial relief from public and private sources poured in over the past week for multiple populations impacted by the COVID-19 pandemic, including Delaware and New Jersey renters, Garden State landlords and small businesses, and California small businesses.
Skadden Arps Slate Meagher & Flom LLP's Laura Knoll guided Array BioPharma in Pfizer's recent $11.4 billion purchase of the pharmaceutical company to complement the pharmaceutical giant's cancer treatment offerings, earning her a spot among the life sciences practitioners under 40 honored as Law360 Rising Stars.
A proposed class of T-Mobile employees asked the First Circuit on Monday to revive a suit alleging the company's 401(k) plan manager Fidelity Investments engaged in a pay-to-play scheme, saying a judge wrongly found the investment giant didn't owe them a fiduciary duty.
Federal prosecutors will not seek prison time for a California man who admitted to participating in a $164 million pump-and-dump scheme and also reportedly tipped off the government to the existence of the "Varsity Blues" college admissions case.
A former Massachusetts state judge who resigned after being accused of sexually harassing a court clinician sought an early win Monday in a civil suit alleging he orchestrated the woman's removal when she expressed reservations about continuing an affair, arguing he was not her employer.
Renee Knake Jefferson and Hannah Brenner Johnson's new book, "Shortlisted: Women in the Shadows of the Supreme Court," is a service to an overlooked group of nine women who were considered for the U.S. Supreme Court before Justice Sandra Day O'Connor was confirmed, and offers constructive tips for women looking to break through the glass ceiling, says Fifth Circuit Judge Jennifer Elrod.
A Texas federal judge’s recent holding in McDonald v. Sorrels that mandatory bar memberships do not violate members' constitutional rights indicates that such requirements survive the U.S. Supreme Court's 2018 decision in Janus, but it may mean that the Supreme Court will address the issue in the not-too-distant future, say Majed Nachawati and Misty Farris at Fears Nachawati.
Attorneys should accept that remote mediation may be their only current option for resolving a dispute and take steps to obtain a fantastic outcome for their clients, including making sure the right people attend the remote mediation and beginning the session with an apology, says Eric Meyer at FisherBroyles.
Jen Rubin at Mintz discusses the risks and benefits of using surveys to gauge employee feelings about COVID-19 safety when returning to the workplace, and shares best practices for responding to the information collected.
A recent survey shows that law and prelaw students have serious concerns about the quality and value of remotely provided legal education, and rapid action from the legal community is necessary to prevent promising young people from leaving in favor of other professions, says Mehran Ebadolahi at TestMax.
While few courts have addressed the attorney-client privilege or work-product doctrine in the context of online collaboration tools, existing case law supports five best practices as organizations increasingly use these tools in the COVID-19 era, say Christopher Campbell and Marcus Sandifer at DLA Piper.
A review of several states' COVID-19 liability waivers for long-term care facilities reveals overarching trends in their scope of protection, as well as some important differences, say attorneys at Foley & Lardner.
Lawsuits brought by cities, counties and states against fossil fuel companies in state courts over the effects of climate change are becoming more common, but splits among federal circuits on whether such litigation belongs in federal courts will need to be resolved by the U.S. Supreme Court, say attorneys at King & Spalding.
Even before the pandemic, troubling data about mental distress among lawyers pointed to a profession in crisis, but addressing the challenge requires a better understanding of the causes, says Jonathan Prokup at Cigna Corp.
Care management organizations shifting to telehealth platforms due to COVID-19 should pay close attention to legal trends and developments in data protection, contract limitations, use of licensed providers and reimbursement policies, say Sarah Blumenthal and Richard Harris at Ropes & Gray.
The Ninth Circuit's certification order last week in Fast Trak v. Sax presents an important opportunity for the New York high court to affirm the consensus among courts — litigation finance transactions are not loans subject to usury laws, say Wendie Childress and William Marra at Validity Finance.
The white, male power structure has eased the path for lawyers like me for far too long, and we should now be responsible for dismantling this systemic bias within the legal industry, says Scott McLaughlin at Eversheds Sutherland.
Trading restrictions used to mitigate COVID-19 market volatility in March may have had the unintended consequence of hampering price discovery, which could in turn impede market efficiency analysis in securities class actions, say consultants at Cornerstone Research.
As law firms continue to experience the economic impact of the COVID-19 crisis, it is more important than ever that they reduce reliance on just a few rainmakers and foster a culture that makes business development a way of life for everyone — from junior associates to senior partners, says Elise Holtzman at The Lawyer's Edge.
The criticisms that have been levied against the First Circuit's 2018 reversal of class certification in the Asacol pay-for-delay case — from within and outside the circuit — are notable because they rely on not only precedent but also common sense and genuine concern for consumers, say Karin Garvey and Ethan Kaminsky at Labaton Sucharow.