The SAFE Banking Act, a bipartisan bill aimed at normalizing the banking industry in the federally unlawful cannabis sector, once again hit a roadblock in Congress this week, but proponents are eyeing other vehicles for passing the bill during the lame duck session.
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Thursday, December 8, 2022 Follow Law360

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Cannabis Banking Proponents Eye Next Move After Bill Cut

The SAFE Banking Act, a bipartisan bill aimed at normalizing the banking industry in the federally unlawful cannabis sector, once again hit a roadblock in Congress this week, but proponents are eyeing other vehicles for passing the bill during the lame duck session.

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Suspended For Drug Use, Reinstatement Urged For Ill. Atty

A disciplinary panel for Illinois' attorney watchdog has recommended reinstating a lawyer to practice law following a suspension for using cocaine and cannabis while employed as an assistant state's attorney.

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Ex-NFL Teammates Aim To Block Revival Of Cannabis Suit

Two former Atlanta Falcons teammates claim the lawsuit against them by a cannabis cultivator should not be reinstated because attempts by the company's new attorney to reverse the suit's dismissal aren't enough to override the "flagrant misconduct" that got the previous attorney thrown off the case.

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Health Co. Inks $4M Deal To End Suit Over Hemp Co. Buyout

A proposed class of investors has brokered a deal with Neptune Wellness Solutions Inc. that would see the company pay either $4 million in cash or a mix of cash and stock that's valued slightly higher to end claims it downplayed the risks of acquiring a hemp company.

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Ga. Co. Agrees To Pause E-Cigarette Sales In Feds' Case

A nicotine company and its owner agreed to stop selling e-cigarettes and associated products for which they didn't file premarket applications for U.S. Food and Drug Administration approval, according to a Tuesday motion filed in Georgia federal court.

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NJ Clamps Down On Unregistered Cannabis Stock Trades

A "bogus" cannabis stockbrokerage firm is violating state law by selling unregistered securities bundles and using forged documents to gain an air of legitimacy, according to New Jersey's attorney general, who on Tuesday ordered the firm to cease activities.

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POLICY & REGULATION

FDA Graphic Cigarette Warnings Go Up In Smoke

The U.S. Food and Drug Administration cannot enforce a rule requiring tobacco companies to add graphic warning labels to cigarette packs, a Texas federal judge ruled on Wednesday, saying the rule grates against tobacco companies' First Amendment rights.

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FDA's Food Program Lacks Leadership, Report Says

The U.S. Food and Drug Administration's food program has no clear leader and must act more boldly with its budget, data sharing, and use of its mandatory recall authority, according to a report that the agency commissioned following the infant formula shortage earlier this year.

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LEGAL INDUSTRY

Kramer Levin's US Associates To See Up To $115K In Bonuses

Kramer Levin Naftalis & Frankel LLP's U.S. associates will see bonuses of up to $115,000, as the New York-based firm confirmed Wednesday it's matching the year-end bonus scales set by Baker McKenzie and Cravath Swaine & Moore LLP.

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As Demand Lags, Talent Growth Still On Firm Leaders' Minds

Even as demand for law firms' services declined year-on-year during the first nine months of 2022, firm leaders grew attorney head count and revealed midyear plans to expand their associate ranks even further, according to a report released Wednesday.

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Liberal Justices Not Alone In Skepticism Of Election Case

The controversial legal theory put forth by North Carolina's Republican-controlled state legislature met with skepticism Wednesday in the U.S. Supreme Court, as the three liberal justices were joined by two conservatives in questioning whether state lawmakers can exert unfettered control over federal elections.

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Judicial Security Measure Included In Must-Pass Defense Bill

A bill to protect federal judges' privacy and security by shielding their personal information online was included in a final agreement on major defense policy legislation released this week, giving the bill a clear path to becoming law by the end of this year.

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Chauvin Prosecutor Among 4 Attys Elevated To Federal Bench

The Senate on Wednesday confirmed four nominees for district courts in Pennsylvania and Minnesota, including a BakerHostetler partner in Philadelphia and the Minneapolis attorney who served as a special prosecutor in the trial of former police officer Derek Chauvin, who was convicted of the murder of George Floyd.

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Giuliani Wrangled 'Chaotic' Trump Campaign HQ, Staffers Say

Former President Donald Trump campaign staffers and volunteers on Wednesday described a chaotic litigation command center that Rudy Giuliani was brought in to attempt to wrangle, in testimony before a D.C. professional ethics committee as Giuliani defends against claims he frivolously filed a lawsuit seeking to overturn the 2020 election results in Pennsylvania.

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'Unfortunately' NYC Can't Nix Trump Golf Deal Post-Verdict

A spokesperson for New York City Mayor Eric Adams said Wednesday the city had once more sought to extract itself from a golf course contract with the Trump Organization, but that even the recent tax fraud conviction had "unfortunately" not given it an easy out.

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Erika Girardi's Diamond Earrings Sold At Auction For $312K

Erika Girardi's notorious diamond earrings, which were relinquished to the bankruptcy trustee for her estranged husband's now-defunct law firm following a court order, sold at auction Wednesday to an anonymous remote bidder for $312,500, including fees.

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NY Atty Group Rates DiFiore's Would-Be Successors

The New York State Trial Lawyers Association on Tuesday released its ratings of seven candidates nominated by the New York State Commission on Judicial Nomination to fill the chief judge vacancy on the state Court of Appeals.

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COMPANIES IN TODAY'S NEWS

Atlanta Falcons Football Club LLC

Bulgari SpA

CH Energy Group Inc.

Cartier SA

Defender Association of Philadelphia

ITG Brands LLC

Liggett Group LLC

New York State Bar Association

New York State Trial Lawyers Association

R.J. Reynolds Tobacco Co. Inc.

Smart Approaches to Marijuana

State Bar of California

Trump Organization Inc.

LAW FIRMS IN TODAY'S NEWS

Abend & Silber

Aidala Bertuna

Baker & Hostetler

Baker McKenzie

Blackwell Burke PA

Clifford Chance

Cooper & Kirk

Cravath Swaine

Fox Rothschild

Girardi & Keese

Glenn Agre

Hogan Lovells

Jones Day

Kasowitz Benson

Kilpatrick Townsend

Kramer Levin

Latham & Watkins

Mukasey Frenchman

Munger Tolles

Norton Rose

O'Melveny & Myers

Paul William Beltz PC

Pomerantz LLP

Schulte Roth

Sheppard Mullin

Weil Gotshal

Zavala Law Group

GOVERNMENT AGENCIES IN TODAY'S NEWS

Attorney Registration and Disciplinary Commission

Food and Drug Administration

Morris K. Udall & Stewart L. Udall Foundation

North Carolina Department of Justice

Ohio Supreme Court

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

U.S. Department of Justice

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

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

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

U.S. House of Representatives

U.S. Supreme Court