|AEROSPACE & DEFENSE|
The Trump administration’s sweeping tariffs on steel and aluminum entered into force on Friday with exceptions granted to a handful of key allies but not to China, prompting Beijing to immediately prepare stiff tariffs of its own on U.S. agricultural and manufactured goods.
President Donald Trump signed legislation Friday that would fund the federal government through September, avoiding a government shutdown this weekend after publicly mulling vetoing the bill.
An aircraft owner's insurer hit aircraft manufacturer Piaggio Aerospace and its American subsidiary with a suit on Friday in Florida federal court alleging that Piaggio designed a defective plane motor that caused a 2016 crash and cost the insurer $1.9 million.
For those structured as corporations, the decrease in the maximum corporate tax rate and the repeal of the corporate alternative minimum tax offer good news. But since many law firms are organized as pass-through entities, several limitations on deductions mean they won’t see as much benefit from the new tax law as some other industries, says Evan Morgan of CPA and advisory firm Kaufman Rossin PA.
Global law firm Freshfields Bruckhaus Deringer LLP has filed its gender pay gap report with the U.K. government, revealing a 13.9 percent gap between average hourly pay of male and female employees in its London and Manchester offices.
A San Jose law school slapped the State Bar of California with a federal antitrust lawsuit Wednesday, claiming an agency committee that reviews law school accreditation matters is structured to favor certain schools.
Topping this week's legal lions list is a team of attorneys from Labaton Sucharow LLP who secured two SEC whistleblower awards worth roughly $83 million for three tipsters, the agency's largest award ever, while now-departed Latham & Watkins LLP Chair Bill Voge heads up the legal lambs list over the behavior, which included sending sexually explicit messages, that led to his resignation.