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

Ohio Fuels Litigation Funding Debate As Foreign Ban Is Enacted

By Ryan Boysen

Ohio has enacted a sweeping law that bans all foreign litigation funders from doing business in the Buckeye State, drawing praise from the U.S. Chamber of Commerce and outrage from the litigation finance industry.

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ABA Seeks Trump Docs In Suit Alleging Law Firm Intimidation

By Emily Sawicki

The Trump administration cannot rely on the presidential communications privilege to block disclosure of communications related to allegations that the president sought to intimidate BigLaw firms into conforming with his policy initiatives, the American Bar Association told a D.C. federal judge.

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Trump's SDNY Pick Steps In As Clayton Focuses On DC

By Pete Brush

U.S. Attorney for the Southern District of New York Jay Clayton said Wednesday that President Donald Trump's pick to succeed him, James McDonald, will assume a leadership role as Clayton works on his own nomination for director of national intelligence in Washington.

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Judge Says Warning 'Sufficient Deterrent,' Nixing AI Sanctions

By Emily Sawicki

A Kentucky federal judge has declined to sanction two attorneys who filed a brief that included errors generated by artificial intelligence amid a fraud case against a notary public, finding the lawyers had no history of misconduct and had shown sufficient remorse.

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Wis. Judge Avoids Prison Time In ICE Obstruction Sentence

By Nate Beck

A former Wisconsin state judge on Wednesday was fined $5,000 but will not serve prison time for obstructing the U.S. Immigration and Customs Enforcement arrest of a defendant in her courtroom by directing him down a private hallway away from agents before he was later captured.

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Del. Judge Recuses Herself From Apollo $570M Payout Suit

By Katryna Perera

The Delaware vice chancellor presiding over litigation regarding a $570 million payout to Apollo Global Management Inc. insiders has disqualified herself from the case after a possible conflict of interest arose due to her former role as an attorney with Skadden Arps Slate Meagher & Flom LLP, which was involved in a merger with ties to the payout.

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Ga. Judge Rejects UPS Plaintiff's Bid To Force Recusal

By Madison Arnold

A Georgia federal judge reportedly disciplined for having sexual intercourse in her chambers and attending a political event has opted not to recuse herself in the case of a former UPS employee in his dismissed racial discrimination lawsuit.

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McCarter Trial Judge Has 'Serious Doubts' About NY Expert

By Brian Steele

The Hartford judge presiding over a $22.5 million lawsuit against McCarter & English LLP and a former partner said Wednesday he had "serious doubts" about allowing testimony from a defense expert, but let him proceed as long as he did not claim to interpret New York law.

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Morgan & Morgan Malpractice Fight Won't Get Another Review

By Kelcey Caulder

The Georgia Court of Appeals has rejected Morgan & Morgan PA's bid to challenge a trial court ruling denying the firm's summary judgment motion in a legal malpractice case brought against it by clients seeking representation in a personal injury action.

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Day Pitney Can't Be Cut Off From New Counsel, Client Says

By Aaron Keller

A former Connecticut chief justice's ethics gaffe cannot preclude fellow lawyers at Day Pitney LLP from communicating with new counsel for John B. Clinton, a private equity management firm owner locked in a 13-year-old, $1.3 million corporate windup lawsuit, Clinton has urged a Connecticut state court judge to conclude.

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LAW FIRMS IN TODAY'S NEWS

Akin Gump

Ashurst Perkins

Black Srebnick

Brune Law PC

Carmody MacDonald

Casey Gerry

Clement & Murphy

DLA Piper

Day Pitney

Debevoise & Plimpton

Fried Frank

Friedlander & Gorris

Gimbel Reilly

Harris Beach Murtha

Hawkins Parnell

Hodgson Russ

Jenner & Block

Keller Rohrback

King & Spalding

Law Offices of Garrett S. Flynn

Lewis Brisbois

Linley Jones Firm

McCarter & English

Meyers & Meyers LLP

Morgan & Morgan PA

Paul Hastings

Paul Weiss

Potter Anderson

Pryor Cashman

Quinn Emanuel

Robbins Geller

Ross Aronstam

Silver Golub

Simpson Thacher & Bartlett

Skadden Arps

Strang Bradley

Strickland Debrow

Stueve Siegel

Sullivan & Cromwell

Susman Godfrey

Tucker Arensberg

Wiggin & Dana

Willkie Farr

WilmerHale

COMPANIES IN TODAY'S NEWS

23andMe Inc.

American Bar Association

American Property Casualty Insurance Association

Apollo Global Management LLC

Athene Holding Ltd.

Averitt Express

Bed Bath & Beyond Inc.

Burford Capital LLC

Burke Inc.

Chick-fil-A Inc.

GE Vernova Inc.

Hudson Bay Capital Management LP

International Legal Finance Association

LinkedIn Corp.

New York University

Omni Bridgeway Ltd.

Parabellum Capital LLC

The Kroger Co.

The UPS Store

Toronto-Dominion Bank

U.S. Chamber of Commerce

Varsity Brands LLC

GOVERNMENT AGENCIES IN TODAY'S NEWS

Commodity Futures Trading Commission

Delaware Court of Chancery

Executive Office of the President

Federal Bureau of Investigation

Georgia Court of Appeals

Georgia Supreme Court

New York Attorney General's Office

New York City Police Department

U.S. Attorney's Office

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 Columbia

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 Northern District of Georgia

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

U.S. District Court for the Western District of Kentucky

U.S. Immigration and Customs Enforcement

U.S. Senate

United States District Court for the Eastern District of Wisconsin

Wisconsin Supreme Court