'I Would've Been Fired': FDIC Expert Pans SVB's Risk-Taking

By Dorothy Atkins

The FDIC's banking expert testified in a California federal bench trial Wednesday that Silicon Valley Bank violated prudent banking standards by mismanaging assets before it collapsed, saying officers knew SVB was taking excessive risks but did not stop, adding that "I would've been fired" if he had managed his bank's assets the same way.

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MGA Beats Rapper T.I.'s Bid For $125M In Punitive Damages

By Gina Kim

A California federal jury found Wednesday that MGA Entertainment owes no punitive damages for misappropriating looks from the OMG Girlz singing group created by rapper T.I. and his wife Tameka Harris, wrapping another chapter in a six-year legal battle in which the couple sought up to $125 million in punitive damages. 

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Calif. Man Says ChatGPT Fueled Bipolar Delusion, Self-Harm

By Lauren Berg

When a California man with bipolar disorder shared his intense delusions with ChatGPT, a lack of safeguards caused OpenAI's artificial intelligence chatbot to drive him deeper into those delusions and encourage him to attempt to take his own life, according to a lawsuit filed Wednesday in San Francisco.

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TikTok Nears Deal Ahead Of 2nd Social Media Addiction Trial

By Craig Clough

A plaintiff who alleges he became harmfully addicted to major social media platforms as a child and whose case is set to be the second bellwether trial later this month out of thousands of similar cases pending in Los Angeles court has reached a settlement in principle with TikTok, his counsel told Law360 on Wednesday.

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Yelp Gets To Lock In Part Of DOJ's Search Win Over Google

By Bonnie Eslinger

A California federal judge Wednesday partially granted Yelp Inc.'s request to lock in liability findings from the U.S. Department of Justice's landmark antitrust win over Google LLC for its own case against the company, thereby precluding Google from arguing it didn't monopolize the market for general search services.

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DC Judge Blocks More USDA Grant Terminations

By Ganesh Setty

A D.C. federal court has preliminarily reinstated U.S. Department of Agriculture grants totaling roughly $127 million under a program aimed at helping underserved farmers, finding the department's grant terminations likely flouted Congress' priorities under two Biden-era laws.

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Calif. Court Rejects Challenge To FAIR Plan Fee Pass-Through

By Eli Flesch

California's top insurance regulator has the authority to allow the private insurance companies that make up the state's FAIR Plan to recoup from policyholders payments the companies make to support the last-resort insurer when its claim-paying ability is tested.

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LinkedIn Says Users Agreed To Browser Extension Scans

By Taylor Bowie

LinkedIn told a California federal judge that two proposed class actions alleging the website unlawfully accesses users' browser extensions are part of an "international retaliation campaign" over routine security methods that users agreed to.

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California Court Trims State Charges In Pelosi Hammer Attack

By Parker Quinlan

A split California appeals court has ruled that the man who attacked Paul Pelosi, the husband of former House Speaker Nancy Pelosi, correctly obtained dismissal of several charges from his state court indictment.

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Brief

Calif. Man Gets 21 Months For Sports Memorabilia Fraud

By Ganesh Setty

A California resident has been sentenced to 21 months in prison after pleading guilty in December to one count of wire fraud for knowingly selling counterfeit baseball memorabilia he claimed was from MLB Hall of Famer Willie Mays.

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Bankrupt EV Co.'s Execs Reach $20M Investor Deal

By Sydney Price

Executives of bankrupt electric vehicle startup Canoo Inc. have reached a $20 million deal with the company's shareholders to end claims that they misled investors about its go-to-market strategy ahead of its merger with a special purpose acquisition company in 2021.

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Big Pharma Cos. Want 340B Drug Price FCA Suit Tossed

By Craig Clough

Four major pharmaceutical companies Wednesday urged a California federal court to toss False Claims Act allegations revived by the Ninth Circuit claiming they filed false ceiling prices for drugs and overcharged entities covered by a federal discount program, saying the suit is precluded by the FCA's public disclosure bar.

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Latham-Led Bending Spoons Leads Trio Of IPOs Topping $2B

By Jade Martinez-Pogue

Italian mobile app developer Bending Spoons hit the public markets after raising $1.7 billion in its initial public offering, marking the largest of three IPOs to begin trading on Wednesday, exceeding $2.1 billion in total deal volume.

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Calif. Tribe Seeks To Block July 8 Wild Horse Roundup

By Crystal Owens

A California tribe is looking to block the U.S. Department of the Interior from removing more than 600 wild horses via helicopter from a protected habitat starting July 8, arguing that the federal government has been on notice for nearly four decades that aboriginal interests are implicated by the territory's management activities.

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Calif. City Looks To Escape Tribe's Land Advisory Suit

By Crystal Owens

A California city is asking a district court to dismiss a challenge by the Yurok Tribe that looks to block the municipality from asserting jurisdiction over an Indigenous village site, saying it's well within its authority to appoint another tribe regarding management of the city-owned real property.

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Calif. Judge Sends $2M Cannabis Land Dispute To Arbitration

By Jonathan Capriel

A Los Angeles County judge has hit pause on a $2.2 million lawsuit accusing a cannabis company of misappropriating an investor's contribution after both sides agreed to take the case to arbitration.

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WilmerHale Trade Secrets Litigation Co-Lead Joins Debevoise

By Aebra Coe

San Francisco-based litigator Joshua H. Lerner has left his job as co-chair of WilmerHale's trade secrets litigation practice to join Debevoise & Plimpton LLP as a partner, the firm announced Wednesday.

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Littler Adds Ex-Morgan Lewis Labor Litigator In California

By Matt Perez

Littler Mendelson PC, which primarily deals in employment and labor law practice representing management, announced on Tuesday the hiring of a former Morgan Lewis & Bockius LLP attorney as a shareholder in its Walnut Creek, California, office.

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Withers Promotes 12 Partners In US, UK, Singapore

By Christine DeRosa

International law firm Withers has appointed a dozen new partners across three countries, nearly half of whom are based in the United States.

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GM Privacy Penalty Signals A Change In Calif. Enforcement

General Motors' $12.75 million settlement with the California attorney general over its sale of driving behavior and geolocation data to brokers shows that disclosures and user choice may no longer be enough to define permissible data use, says Sonja Arndt-Johnson at Buchalter.

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DOJ China Container Indictments Signal Global Cartel Risk

The U.S. Department of Justice's recent announcement that it had indicted Chinese manufacturers for conspiring to drive up the price of shipping containers sold in the U.S. illustrates the Antitrust Division's interest in pursuing overseas cartel conduct, especially in China, signaling that multinational companies with employees abroad should strengthen antitrust compliance to avoid running afoul of U.S. national security policy, say attorneys at Squire Patton.

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Leveraging AI In MDL Discovery And Case Management

Generative and agentic artificial intelligence tools can help teams organize and digest the vast volume of documents inherent to multidistrict litigation, but workflows must be designed to maximize the tools' strengths and maintain human control of key operational and ethical factors, say attorneys at Crowell & Moring.

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Attorney Mental Health Is An Ethical Obligation In The AI Era

As attorneys cope with the increasing unpredictability that artificial intelligence and constant policy changes have created, particularly in practice areas where they carry the emotional weight of clients’ most consequential life events, otherwise soft discussions about self-care are a matter of professional competence, says attorney Jack Jrada.

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Legal Sector Jobs Spike With Work 'Churning Right Along'

By Aebra Coe

The legal sector added 5,100 jobs in June, the largest increase the industry has seen in more than two years, according to preliminary, seasonally adjusted data released by the U.S. Bureau of Labor Statistics on Thursday.

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Law360's Legal Lions Of The Week

By Kevin Penton

The American Civil Liberties Union Foundation, the Asian Law Caucus and the Democracy Defenders Fund lead this week's edition of Law360 Legal Lions, after the U.S. Supreme Court rejected President Donald Trump's bid to limit birthright citizenship.

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Feds Seek Up To 21 Months For Ex-Judge On ICE Obstruction

By Elizabeth Daley

A former Wisconsin judge who was convicted of obstructing ICE officers' courthouse arrest of a man facing misdemeanor charges by pointing him to a side door should spend up to 21 months in prison, the government said in a sentencing memo, recommending she be made an example.

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GC Cheat Sheet: The Hottest Corporate News Of The Week 

By Sue Reisinger

Amid the changes coming for general counsel, the policies and enforcement priorities of federal regulators may fluctuate more rapidly after a U.S. Supreme Court ruling this week that could dramatically remake independent government agencies. And the EEOC rescinded affirmative action documents that have guided employers for decades.

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Georgia Atty Can't Revive Defamation Suit Over Ethics Case

By Emily Johnson

The Georgia Court of Appeals has upheld the dismissal of a Georgia attorney's defamation suit against two people involved in an unsuccessful disciplinary action against her, saying her rambling appeal failed to prove that the trial court erred in dismissing her claims.

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When Does A Firm's 'Breakup' Fee-Split Contract Go Too Far?

By Rachel Rippetoe

It looked like a win for plaintiffs' firms when the Kentucky Supreme Court recently upheld a firm's 75% claim on fees from cases an attorney took with him when he launched his own practice, but the narrow ruling may leave room for lawyers to challenge similar agreements as penalties for leaving their firms.

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Judges To Tour Rust Belt To Build Trust In Courts

By James Boyle

Days after the Fourth of July celebration of America's 250th birthday, a group of current and retired judges will lead a four-day bus tour through three states to promote one of the bedrock principles of the country's independence: the rule of law.

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Analysis

Breaking Down The Vote: The High Court Term In Review

By Jack Karp

The U.S. Supreme Court's stark ideological divisions were on full display this term, particularly as it issued long-awaited rulings in the last few days of June. Here, Law360 dives into the numbers behind this court term.

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Mass Tort Titan Paul J. Napoli Dies

By Daniel Moritz-Rabson

Paul J. Napoli, an influential plaintiffs attorney who worked on some of the nation's highest-profile mass tort matters in recent decades, died on Tuesday at the age of 58.

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Skadden Adds Mass Torts Litigator As Partner In Chicago

By Christine DeRosa

Skadden Arps Slate Meagher & Flom LLP has grown its mass torts litigation offerings in Chicago with the addition of a Goldman Ismail Tomaselli Brennan & Baum LLP attorney, the firm said.

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'Embarrassed' Conn. Atty Details ChatGPT Briefing Errors

By Aaron Keller

With a sanctions hearing on the horizon, a Connecticut attorney has told the state's highest court he is "extremely embarrassed" by artificial intelligence errors in briefs filed in two recently decided cases, explaining he used ChatGPT to edit his research without knowing it could make "unprompted changes to the content."

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Del. Magistrate Orders JPMorgan To Advance Javice Fees

By Jarek Rutz

The Delaware Chancery Court ruled Thursday that JPMorgan Chase & Co. must advance millions more in disputed legal fees to cover the appeal of the convicted founder of college financial aid startup Frank, concluding the bank failed to meet Delaware's demanding standard for withholding advancement by showing the billing requests reflected "clear abuse."

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Ex-DOJ Fraud Section Chief Joins Fried Frank

By Nadia Dreid

Fried Frank Harris Shriver & Jacobson LLP has added a veteran litigator from the U.S. Department of Justice who also brings more than a decade of experience representing financial institutions in white collar, enforcement and complex litigation spaces.

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Reed Smith Adds Ex-Norton Rose Partner, RE Atty In Munich

By Nate Beck

Reed Smith LLP has bolstered its private equity practice with the hire of a former Norton Rose Fulbright group leader in Munich.

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McCarter Atty Knew 'Magic Words' For $20M Deals, Court Told

By Brian Steele

If a onetime McCarter & English LLP partner had raised a single red flag about a Long Island town's legally flimsy agreement to repay $20 million worth of a businessman's loans, the ill-fated deals never would have gone forward, a Connecticut court heard Thursday.

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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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