A New York bankruptcy judge tossed a former Celsius Network LLC executive's lawsuit that blamed alleged oversight issues at the crypto platform on three other executives, finding that his claims belonged to Celsius and were waived under its Chapter 11 plan.
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TOP NEWS

Celsius Ex-GC's Ch. 11 Suit Against Other Execs Tossed

By Clara Geoghegan

A New York bankruptcy judge tossed a former Celsius Network LLC executive's lawsuit that blamed alleged oversight issues at the crypto platform on three other executives, finding that his claims belonged to Celsius and were waived under its Chapter 11 plan.

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23andMe's $47M Data Breach Deal Gets Bankruptcy Court OK

By Craig Clough

A Missouri bankruptcy judge entered an order Tuesday authorizing a $46.7 million settlement between the plan administration trust created under the Chapter 11 plan of DNA-testing company 23andMe and data breach claimants, finding the deal is fair and equitable. 

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2nd Circ. Says Investor Can Keep Bed Bath & Beyond Profits

By Rick Archer

The Second Circuit on Tuesday found that a late investor in defunct retailer Bed Bath & Beyond can keep the profits from its sale of the company's stock, rejecting claims that a contractual cap on the investor's share ownership was a sham.

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POLICY & REGULATION

Feds Aim To Block Expert In Trial Over Threats To Judges

By Rose Krebs

The government is seeking to block a defense expert from testifying about prosecutorial charging policies and procedures in an upcoming trial in Pennsylvania federal court for a man accused of threatening to kill judges.

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CHAPTER 11

Nevada Solar Plant Gets OK For Ch. 11 Wind-Down Plan

By Rick Archer

A Delaware bankruptcy judge Tuesday approved the wind-down plan of a Nevada solar plant operator after hearing creditors dropped their request to appoint a trustee to investigate the company's management.

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PEOPLE

Pryor Cashman Adds Simpson Thacher Atty To Litigation Team

By Andrea Keckley

Pryor Cashman LLP said Tuesday it has continued growing its litigation group with a longtime Simpson Thacher & Bartlett LLP lawyer, who has represented "some of the most prominent names in private equity and finance," the firm said.

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LEGAL INDUSTRY

Sealing The Deal

How Gibson Dunn Helped SpaceX Pull Off Its $75B Global IPO

By Al Barbarino

When SpaceX completed its record-breaking $75 billion initial public offering last month, the transaction was notable not only for its size — the largest IPO ever — but also for breaking new ground in how public offerings can be structured to reach retail investors around the world.

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CEO Cops To Conspiracy In BigLaw Insider Trading Case

By Sydney Price

A Dubai-based CEO and trader has pled guilty in Massachusetts federal court to charges that he worked with a former BigLaw associate and others to carry out a far-reaching insider trading scheme.

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Justices To Defend Court's Budget In Rare Hill Testimony

By Courtney Bublé

U.S. Supreme Court Justices Amy Coney Barrett and Elena Kagan will testify before House and Senate committees on July 14, marking the first time in seven years that a sitting justice has gone before lawmakers.

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Ex-DOJ Employees Tell Senate To Reject Blanche Nomination

By Emily Sawicki

Hundreds of former Justice Department employees and appointees urged the Senate in a Tuesday letter to reject the nomination of acting Attorney General Todd Blanche for the permanent role, particularly noting what they called Blanche's work toward politicizing the department.

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ChatGPT Edits Weren't 'Knowing' Errors, Conn. Justices Told

By Aaron Keller

A GLG Law LLC lawyer who blamed ChatGPT for misquotes and citation errors in three filings told the Connecticut Supreme Court on Tuesday he did not violate an ethics rule requiring candor to the tribunal because his briefs, though inaccurate, contained correct assertions about the law.

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Ogletree Co-Founder Deakins, 'Beacon Of Wisdom,' Dies At 90

By Emily Johnson

A co-founder of the global labor and employment juggernaut Ogletree Deakins Nash Smoak & Stewart PC died Monday after decades of helping shape the firm's values of honesty and transparency.

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McCarter Atty's Work 'Fell Short' In $20M Deals, Judge Told

By Brian Steele

McCarter & English LLP and one of its Connecticut attorneys failed to uphold the applicable standard of care when advising insurers on $20 million worth of loan transactions that ultimately fell apart because the borrower stopped paying, an expert witness told a Connecticut state court on Tuesday.

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House Dems Push To Ban Judges From Prediction Markets

By Emily Sawicki

Ranking members of the House Judiciary Committee on Tuesday called on the federal judiciary to ban judges from taking part in prediction markets amid growing concerns that court-related wagers could undermine judicial integrity.

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LAW FIRMS IN TODAY'S NEWS

Akin Gump

Black Srebnick

Brune Law PC

Carmody MacDonald

Casey Gerry

DLA Piper

Debevoise & Plimpton

Gibson Dunn

Goodwin Procter

Harris Beach Murtha

Keller Rohrback

King & Spalding

Latham & Watkins

Lewis Brisbois

Logan Vance

McCarter & English

Ogletree Deakins

Paul Hastings

Paul Weiss

Pryor Cashman

Sidley Austin

Silver Golub

Simpson Thacher & Bartlett

Stueve Siegel

Tucker Arensberg

Wiggin & Dana

Zeldes Needle

COMPANIES IN TODAY'S NEWS

23andMe Inc.

Amazon.com Inc.

Bed Bath & Beyond Inc.

Connecticut Bar Association

Connecticut Fair Housing Center

EchoStar Corp.

Fort Point Capital

GE Vernova Inc.

Gerson Lehrman Group Inc.

Hudson Bay Capital Management LP

Johnson & Johnson

LinkedIn Corp.

Nasdaq Inc.

New York University

Occidental Petroleum Corp.

Space Exploration Technologies Corp.

Toronto-Dominion Bank

Varsity Brands LLC

GOVERNMENT AGENCIES IN TODAY'S NEWS

Congressional Research Service

European Union

Federal Bureau of Investigation

Internal Revenue Service

U.S. Army

U.S. Attorney's Office for the District of Massachusetts

U.S. Attorney's Office for the Middle District of Pennsylvania

U.S. Bankruptcy Court for the District of Delaware

U.S. Bankruptcy Court for the Eastern District of Missouri

U.S. Bankruptcy Court for the Southern District of New York

U.S. Copyright Office

U.S. Court of Appeals for the Second Circuit

U.S. Department of Justice

U.S. District Court for the District of Massachusetts

U.S. District Court for the District of New Jersey

U.S. District Court for the Middle District of Pennsylvania

U.S. District Court for the Northern District of California

U.S. District Court for the Southern District of New York

U.S. Securities and Exchange Commission

U.S. Supreme Court