TOP NEWS
First Republic Brass Beat Investor Suit Over Bank Failure
By Katryna Perera
A California federal judge dismissed for good a shareholder suit against the former directors and officers of now-failed First Republic Bank and its auditor over the lender's 2023 collapse, finding that the plaintiffs failed to first exhaust their required administrative remedies and, therefore, the court does not have jurisdiction to hear the case.
Order attached |
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LEGAL ETHICS & MALPRACTICE
POLICY & REGULATION
Blue States Back Harvard In $2.2B Funding Freeze Fight
By Ryan Harroff
A coalition of 20 states and the District of Columbia filed a brief supporting Harvard University's bid for a pretrial win in its challenge to the Trump administration's move to freeze $2.2 billion in funds, telling a Massachusetts federal judge that the president's attacks on universities are "an attack on the states themselves."
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ENERGY & ENVIRONMENTAL
PRODUCT LIABILITY
Amazon Can't Duck Suit Over Non-FDA Approved Supplements
By Gina Kim
Amazon must face a proposed class action alleging it sells non-FDA approved supplements touting health-related claims without mandatory disclaimers, after a Washington federal judge rejected the company's argument the plaintiffs lack standing to pursue claims over supplements they never bought, finding the plaintiffs allege a uniform, systematic marketing practice.
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PERSONAL INJURY & MEDICAL MALPRACTICE
PRIVACY & CONSUMER PROTECTION
INTELLECTUAL PROPERTY
EMPLOYMENT & BENEFITS
WHITE COLLAR
SECURITIES & BANKING
9th Circ. Revives Real Estate Investor Securities Suit, Again
By Bonnie Eslinger
The Ninth Circuit on Tuesday once again revived a proposed securities class action accusing investment guru Grant Cardone of making misleading social media statements to sell interests in his companies' real estate investment funds, holding, among other findings, that the complaint sufficiently alleged Cardone "subjectively disbelieved" certain stated projections.
Opinion attached |
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COMPETITION
BANKRUPTCY
IMMIGRATION
Tech Recruiter Settles DOJ Claims It Favored Visa Workers
By Dorothy Atkins
A San Francisco Bay Area-based technology recruiting company agreed Tuesday to pay civil penalties and change its recruiting practices to resolve allegations it illegally preferred H-1B visa holders over U.S. workers, marking the government's renewed push under the Trump administration to enforce the Immigration and Nationality Act against companies favoring foreign workers.
Settlement attached |
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NATIVE AMERICAN
EXPERT ANALYSIS
LEGAL INDUSTRY
Queens Defenders Ex-Director Charged With Embezzling
By Gina Kim
A former executive director of Queens Defenders and her husband are charged with embezzling $60,000 from the organization and spending it on personal expenses including rent for a penthouse apartment, luxury goods, vacations and teeth-whitening procedures, prosecutors say in an indictment unsealed Wednesday in New York federal court.
Indictment attached |
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