In a landmark vote that turned corporate governance on its head, Tesla Inc. shareholders on Thursday thumbed their noses at both Delaware Chancery Court and top proxy advisers by awarding CEO Elon Musk an estimated $1 trillion compensation package, according to preliminary results.
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TOP NEWS

Amid Investor Cheers, Musk Gets His $1 Trillion Pay Package

By Sue Reisinger

In a landmark vote that turned corporate governance on its head, Tesla Inc. shareholders on Thursday thumbed their noses at both Delaware Chancery Court and top proxy advisers by awarding CEO Elon Musk an estimated $1 trillion compensation package, according to preliminary results.

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Lilly, Novo Nordisk Enter Obesity Drug Price Deal With Trump

By Rae Ann Varona

Pharmaceutical giants Eli Lilly and Novo Nordisk cut a deal with the Trump administration to slash the pricing of their popular weight loss drugs in the U.S., becoming the latest to enter "most-favored-nation" pricing agreements, the White House announced Thursday.

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Seafood Co. Workers Urge 11th Circ. To Rehear ESOP Fight

By Kellie Mejdrich

Workers for a seafood company urged the Eleventh Circuit to rethink a panel's decision in October that upheld dismissal of their suit accusing the company of employee stock ownership plan mismanagement, arguing the full court should overturn appellate precedent that led to the three-judge panel's decision.

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Wash. Justices Spurn Alaska Airlines' Worker Illness Stance

By Rachel Riley

The Washington Supreme Court on Thursday sided with an Alaska Airlines employee who caught COVID-19 while traveling on the job, rejecting the employer's attempt to distinguish an occupational disease covered by state workers' compensation law from any sickness that develops during a work trip.

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EXECUTIVE COMPENSATION

Del. Justices Uphold Toss Of Trade Desk CEO's $5.2B Pay Suit

By Jarek Rutz

The Delaware Supreme Court Thursday affirmed a Chancery Court ruling that threw out a stockholder derivative challenge to an advertising technology company's multiyear compensation package for its co-founder, CEO and controlling stockholder, rejecting claims that the award, worth up to $5.2 billion, was a product of bad faith board conduct.

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LITIGATION

Meijer Health Plan Smoking Charge Shirked ERISA, Suit Says

By Grace Elletson

Supercenter chain Meijer unlawfully penalized workers with a $20-a-week health plan charge for using tobacco, a worker said in a proposed class action, claiming the company failed to properly follow regulations that allow workers to recoup the fee by participating in a wellness program.

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Kaiser Faces $5.4M Suit In Colorado Over Push To Telehealth

By Zach Dupont

A Colorado mental health clinic claims that the Kaiser Foundation Health Plan of Colorado violated state healthcare laws by terminating its agreement with the behavioral health facility early, disrupting care for more than 7,800 patients.

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Med Groups Call To Break Up 'Politicized' CDC Vax Committee

By Mark Payne

A Massachusetts doctor and a group of public health trade associations want the federal government to break up a key vaccine committee tasked with nationwide vaccine policy, arguing in an amended lawsuit Thursday that the panel has been tainted with anti-vaccine sentiment.

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'Send A Message' To Novo Nordisk Over Kickbacks, Jury Told

By Ben Adlin

Counsel for a whistleblower claiming Novo Nordisk paid illegal kickbacks to boost off-label prescribing of its hemophilia drug NovoSeven urged jurors during closing arguments Thursday to "send a message" to the drugmaker, saying it defrauded Washington state's Medicaid and Medicare systems out of nearly $100 million.

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EXPERT ANALYSIS

2nd Circ. Peloton Ruling Emphasizes Disclosure Context

The Second Circuit’s recent decision to revive shareholders’ suit alleging that Peloton made materially misleading statements makes clear that public companies must continually review risk disclosures to determine if previous hypotheticals have materialized, say attorneys at Baker Botts.

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Series

Mindfulness Meditation Makes Me A Better Lawyer

Mindful meditation enables me to drop the ego, and in helping me to keep sight of what’s important, permits me to learn from the other side and become a reliable counselor, says Roy Wyman at Bass Berry.

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LEGAL INDUSTRY

Lawmakers Rip Judges Over Anonymous High Court Criticism

By Ryan Boysen

Two Republican lawmakers have asked Chief Justice John Roberts to rein in judges who've anonymously criticized the U.S. Supreme Court's flurry of "shadow docket" rulings, but a full-on investigation appears unlikely.

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Atty Exits Bankruptcy Case Amid Judge Romance Fallout

By Emily Sawicki

The embattled wind-down trustee for defunct life insurance bond seller GWG Holdings in a Houston Chapter 11 case has resigned from the role amid the fallout from her secret romance with a then-bankruptcy judge in the Southern District of Texas.

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Trump Taps Ex-Kansas AG Deputy For DOJ Legal Policy Role

By Courtney Bublé

President Donald Trump has nominated Dan Burrows, a White House official and former chief deputy attorney general of Kansas, to be assistant attorney general for the U.S. Department of Justice's Office of Legal Policy.

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Goldstein Loses Bid To Trim Tax Charges Before Trial

By Jared Foretek

A Maryland federal judge Thursday handed SCOTUSblog co-founder Tom Goldstein a series of losses on pre-trial motions aimed at trimming the 22 federal tax charges he'll face at trial next year, ruling that many of the motions involved factual disputes fit for trial and keeping the government's case intact.

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Tom Girardi's Brother, Bankruptcy Trustee Settle Legal Fees

By Lauren Berg

The brother of disgraced attorney Tom Girardi and the trustee for their now-defunct law firm, Girardi Keese, have reached an agreement resolving John Girardi's claim seeking legal fees for cases he worked on after leaving the firm, the trustee told the California bankruptcy court.

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Atty Ordered Detained After Harassment Of BigLaw Attys

By Spencer Brewer

A Texas federal judge on Thursday ordered U.S. marshals to put an attorney accused of cyberstalking other attorneys at BigLaw firms in jail until trial, saying the attorney has continued to make harassing online posts while on pretrial release and didn't attend mandatory mental health treatment.

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Judge Mehta 'Still Digging Out' From Google, Oath Keepers

By Bryan Koenig

U.S. District Judge Amit P. Mehta said Thursday he is still playing catch-up from a period during which his time was spent with virtually nothing but the Google search case and the prosecution of Oath Keepers charged with sedition and other crimes from the Jan. 6 storming of the U.S. Capitol.

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DOJ Gives Comey Seized Materials, Balks At Grand Jury Docs

By Lauren Berg

The U.S. Department of Justice Thursday informed a Virginia federal court that it has handed over to former FBI Director James Comey materials seized under years-old search warrants, but it will challenge a magistrate judge's order to produce grand jury materials.

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Ex-DOJ Staffer Cleared After Tossing Sandwich At CBP Officer

By Elaine Briseño

A D.C. federal jury on Thursday found former U.S. Department of Justice employee Sean Dunn, who threw a Subway sandwich at a U.S. Customs and Border Protection officer, not guilty of misdemeanor assault.

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2nd Circ. Orders New Look At Trump's Hush Money Case

By Aaron Keller

In a published opinion, the Second Circuit on Thursday ordered a federal district judge to take a fresh look at President Donald Trump's attempt to move his New York hush money conviction to federal court, citing the U.S. Supreme Court's 2024 presidential immunity ruling as grounds for reconsidering the case.

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Miss. Judge, US Atty Nominees Held Up In Committee

By Courtney Bublé

Consideration of judicial and U.S. attorney nominees for Mississippi has stalled in committee over tensions between senators that are unrelated to the nominations, according to the Senate Judiciary Committee chair's office.

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LAW FIRMS IN TODAY'S NEWS

Ashby & Geddes

Baker Botts

Bandas Law Firm

Bass Berry

Boies Schiller

Bradley Arant

Carmichael Ellis

Cooley LLP

Davies Pearson

Epstein Becker

Eversheds Sutherland

Faegre Drinker

Girardi & Keese

Greenspoon Marder

Gress Clark

Guttman Buschner

Hach Rose Schirripa

Hance Scarborough

Hatch Ray

Jackson Walker LLP

Latham & Watkins

Law Office of Liz Freeman

Levi & Korsinsky

Lewis Brisbois

McDermott Will & Schulte

Munger Tolles

Orrick Herrington

Porter Hedges

Potter Anderson

Probus Law Firm

Raines Feldman

Schlichter Bogard

Sidley Austin

Siri & Glimstad

Small Snell

Smith Katzenstein

Spencer Fane

Steptoe LLP

Sullivan & Cromwell

Swift Currie

Whitten Burrage

Wilson Sonsini

Wimberly Lawson Steckel

COMPANIES IN TODAY'S NEWS

Advance Colorado

American Academy of Pediatrics

American Bar Association

Apple Inc.

AstraZeneca PLC

Credit Suisse Group AG

EMD Serono Inc.

Eli Lilly & Co.

Glass Lewis & Co. LLC

Global Logistic Properties Ltd.

Google LLC

LinkedIn Corp.

Meijer Inc.

Merck KGaA

Microsoft Corp.

Mozilla Corp.

NBCUniversal Media LLC

Novo Nordisk A S

PG&E Corp.

Peloton Interactive Inc.

Pfizer Inc.

Riverbed Technology, Inc.

Samsung Electronics Co. Ltd.

Space Exploration Technologies Corp.

Tesla Inc.

The Trade Desk Inc.

Twitter Inc.

Walt Disney Parks & Resorts Worldwide Inc.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Centers for Disease Control and Prevention

Delaware Court of Chancery

Executive Office of the President

Federal Bureau of Investigation

Federal Election Commission

Food and Drug Administration

Internal Revenue Service

Kansas Attorney General's Office

Manhattan District Attorney's Office

Mississippi Supreme Court

New York Attorney General's Office

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

U.S. Attorney's Office for the Eastern District of Virginia

U.S. Attorney's Office for the Northern District of Texas

U.S. Court of Appeals for the Eleventh Circuit

U.S. Court of Appeals for the Second Circuit

U.S. Customs and Border Protection

U.S. Department of Health and Human Services

U.S. Department of Justice

U.S. Department of Labor

U.S. District & Bankruptcy Courts of Southern District of Texas

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

U.S. District Court for the District of Columbia

U.S. District Court for the District of Maryland

U.S. District Court for the District of Massachusetts

U.S. District Court for the District of South Carolina

U.S. District Court for the Eastern District of Virginia

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

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

U.S. District Court for the Southern District of Mississippi

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

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

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

U.S. Securities and Exchange Commission

U.S. Supreme Court

United States District Court for the District of Colorado

Washington Attorney General's Office

Washington State Health Care Authority