23andMe Founder's $305M Bid Buys Back Co. In Ch. 11 Sale

By Bonnie Eslinger

With a winning bid of $305 million, a nonprofit controlled by 23andMe founder Anne Wojcicki beat out Regeneron Pharmaceuticals to purchase the bankrupt company's assets, 23andMe announced Friday.

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Jackson Walker, Ex-Judge Facing Class Action Over Romance

By Catherine Marfin

A former bankruptcy judge and Jackson Walker LLP have been hit with another lawsuit over the judge's secret romance with a former firm partner, this time a proposed class action from a group of bondholders of financial company GWG Holdings Inc.

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ENGlobal OK'd For Ch. 11 Sale And Wind Down Plan

By Clara Geoghegan

Engineering firm ENGlobal Corp. on Friday confirmed a Chapter 11 plan to wind down following the sale of its business just over three months after it filed for bankruptcy in Texas.

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Celsius Founder To Drop Ch. 11 Claims After Prison Sentence

By Hilary Russ

Claims asserted by Alexander Mashinsky, the founder of bankrupt cryptocurrency lender Celsius Networks, and his affiliated entities in the company's Chapter 11 case are being withdrawn and disallowed now that Mashinsky has been sentenced to prison.

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Brief

3rd Circ. Won't Rehear Bid To Toss Boy Scouts' Ch. 11 Plan

By Ryan Harroff

The Third Circuit declined to hold a panel or full court rehearing of its May decision to uphold the Boy Scouts of America's Chapter 11 bankruptcy plan in a pair of Friday orders rejecting petitions by two sets of abuse survivors, with the orders implying some judges on the court had supported taking another look.

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Roundup

Real Estate Recap: Builders' Hack, Korean Mezz, Hotel Angst

By Real Estate Authority Staff

Catch up on this past week's key developments by state from Law360 Real Estate Authority — including an inside look at California's Builder's Remedy, aggressive moves by South Korean mezzanine lenders, and why one BigLaw hospitality leader says hotels are "scared to death." 

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Series

Volunteering At Schools Makes Me A Better Lawyer

Speaking to elementary school students about the importance of college and other opportunities after high school — especially students who may not see those paths reflected in their daily lives — not only taught me the importance of giving back, but also helped to sharpen several skills essential to a successful legal practice, says Guillermo Escobedo at Constangy.

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7 Willkie Partners Join Cooley Over Trump EO Deal

By Aebra Coe

Seven partners have left Willkie Farr & Gallagher LLP, including both managing partners of the firm's San Francisco office, to join Cooley LLP, reportedly over their former employer's decision to strike a deal with the Trump administration related to a potential executive order.

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The Law Firm Loophole: How Debt Cos. Snare NC Consumers

By Daniel Connolly

To get around bans in North Carolina and many other states, debt relief companies set up facade law firms — companies that are law firms in name only, with a tiny number of lawyers nominally serving thousands of clients, consumer advocates and regulators say.

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Pro Bono Spotlight

Mayer Brown Helps Get Man Off Death Row After 21 Years

By Lynn LaRowe

A team of Mayer Brown LLP attorneys fought for decades to get the death sentence of a Houston man commuted to life in light of the inmate's intellectual disability, in a case that shows how legal standards have evolved in an area once known as "death county."

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Quinn Emanuel Drops Binance Founder Amid $8M Fraud Suit

By Chris Villani

Quinn Emanuel Urquhart & Sullivan LLP has withdrawn as counsel for the founder of Binance amid an $8.1 million lawsuit against him, telling a Massachusetts federal judge that the former cryptocurrency exchange executive has breached an agreement with the law firm and moved for arbitration against it.

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Analysis

Vought's CFPB Finds Industry Fans In Rule Repeal Effort

By Jon Hill

Financial industry groups are lining up behind the Consumer Financial Protection Bureau's push to scrap a trio of Biden-era policies that they say overexpanded its supervisory and enforcement toolkit, urging on the agency's newfound deregulatory zeal.

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Analysis

SEC Scrubs Biden-Era Agenda To Give Atkins A 'Clean Slate'

By Jessica Corso

The U.S. Securities and Exchange Commission is backing away from promised Biden-era regulations on cybersecurity risk management, environmental disclosures and equity market reform, withdrawing over a dozen rule proposals as newly appointed Chair Paul Atkins seeks to rewrite the agency's agenda.

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Calif. State Bar Is Immune From Atty's ADA Suit, 9th Circ. Says

By Gina Kim

The Ninth Circuit on Friday declined to revive an attorney's claims alleging the California State Bar violated the Americans with Disabilities Act by not granting extra time to respond to disciplinary action based on outstanding debt, finding the bar, as an arm of the state, is entitled to sovereign immunity.

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Akerman Seeks To Move Malpractice Suits From Medical Cos.

By Madison Arnold

Akerman LLP has asked to have two malpractice cases from medical laboratories moved from Palm Beach County to Miami-Dade County, where the firm's related unpaid fees case against Rennova Health Inc. is being litigated.

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Grassley Budget Bill Calls For More Use Of Injunction Bonds

By Courtney Bublé

Sen. Chuck Grassley, R-Iowa, chair of the Senate Judiciary Committee, has released his portion of the budget reconciliation text, which would bolster the use of injunction bonds to raise the stakes for plaintiffs seeking to halt White House initiatives.

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2nd Circ. Won't Rehear Trump Appeal Of $5M Assault Verdict

By Cara Salvatore

The full Second Circuit refused Friday to revisit President Donald Trump's challenge to writer E. Jean Carroll's $5 million sexual assault finding against him, with two judges dissenting.

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

By Max Austin

This past week in London has seen Tottenham Hotspur FC kick off against Manchester United co-owner Ineos Automotive following a soured sponsorship deal, Acer and Nokia clash over patents for video coding technology, and two investors reignite litigation against the founders of an AI exercise bike business that unlawfully pocketed $1.2 million in investments to fund their own lifestyles. Here, Law360 looks at these and other new claims in the U.K.

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GC Cheat Sheet: The Hottest Corporate News Of The Week

By Michele Gorman

Compliance experts say corporate leaders with business interests south of the border are worried about possible terrorism-related charges under the Trump administration for inadvertently working with the cartels. Meanwhile, the head of Glass Lewis pushed back against allegations from some lawmakers concerning the firm's "expansive, opaque and ideologically driven influence" on companies. These are some of the stories in corporate legal news you may have missed in the past week.​

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Law360's Legal Lions Of The Week

By Kevin Penton

The Institute for Justice, Mitchell Shapiro Greenamyre & Funt LLP, Spears & Filipovits LLC and attorney Lisa Lambert lead this week's edition of Law360 Legal Lions, after the U.S. Supreme Court held that the Constitution's supremacy clause cannot shield the federal government from Federal Tort Claims Act suits.

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In Case You Missed It: Hottest Firms And Stories On Law360

For those who missed out, here's a look back at the law firms, stories and expert analyses that generated the most buzz on Law360 last week.

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