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TOP NEWS
EMPLOYMENT & BENEFITS
Watchdog Says DOL Needs Better Info Sharing Controls
By Kellie Mejdrich
The U.S. Department of Labor's lack of controls over information sharing between subagencies and nongovernmental entities, including law firms and legal advocacy organizations, may have unfairly advantaged those parties with privileged investigative information, an agency watchdog reported, though use of the practice has dropped off.
Report attached |
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Brief
Capital One 401(k) Deal Wins Final OK, $3.2M Atty Fee Award
By Katryna Perera
A New York federal judge on Wednesday awarded class counsel Capozzi Adler PC $3.2 million in attorney fees and granted final approval to a $9.6 million settlement resolving claims Capital One improperly used forfeited employee funds paid into the company's retirement plan to reduce its own contributions instead of curtailing administrative costs.
2 documents attached |
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SECURITIES
Microsoft Brass Face Investor Suit Over AI Business Hype
By Katryna Perera
A Microsoft Corp. shareholder has launched a derivative suit against the company's top brass, claiming they misled shareholders about the company's artificial intelligence business strategy and products, and caused it to violate copyright and intellectual property laws by "training its AI software on copyrighted works for which it did not possess lawful licenses."
Complaint attached |
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COMPETITION
Farm Says $99M Deere Right-To-Repair Deal Is Unfair
By Mike Curley
One of the farms suing Deere & Co. in federal right to repair litigation is objecting to a $99 million settlement that received preliminary approval in May, saying the deal provides minimal relief compared to what the class could have gotten at trial, especially since more than half of it may go to class counsel.
1 document attached |
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PRODUCT LIABILITY
CYBERSECURITY & PRIVACY
CONSUMER PROTECTION
EXPERT ANALYSIS
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.
Indictment attached |
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LEGAL INDUSTRY
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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