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TOP NEWS Analysis Expect More Malpractice Claims After COVID-Fueled Slump As anxiety over the coronavirus pandemic has caused the stock market to tumble, and efforts to contain it mean shuttering businesses and halting swaths of the economy, professional liability experts who remember the wave of legal malpractice allegations post-2008 are bracing for a new surge in such claims. Jailed Pharma Exec Claiming COVID-19 Risk Denied Release A New York federal judge rejected a health-related home confinement request by the imprisoned ex-CEO of defunct pharmacy Philidor Rx Services LLC, finding Thursday that the Pennsylvania prison where he is serving time for a $9.7 million kickback scheme has no known cases of COVID-19.
Hitachi Can't Escape BB&T's Suit Over Online Banking Outage Hitachi's data storage subsidiary must face BB&T's breach of contract suit over a "catastrophic" outage on BB&T's online banking platform after a North Carolina federal judge found Friday that the bank properly supported its claims with detailed facts.
Investor Says 'Cannabis King' Ran Off With Millions A cannabis mogul whom one trade publication dubbed the "California Cannabis King" has been hit with a $3 million lawsuit in Florida state court, alleging he treated his marijuana ventures "as his personal piggy bank."
Senior Services Must Continue During COVID-19 Despite Feud An Illinois federal judge on Friday ordered a food and housekeeping company to continue working with a senior living center operator for now despite their contract disputes, saying 1,600 of those most vulnerable to the coronavirus need its “critical” services right now.
Pa. Developer Demands Refund On Riverfront Project A Pittsburgh real estate company is refusing to refund a developer $728,725 after their deal to develop a former scrapyard in the city’s suburbs fell through, according to a lawsuit filed Friday.
Shell Unit In Malaysia Awarded $340M In Floating Rig Fight A Malaysian unit of Shell Petroleum Co. Ltd. has been awarded more than $340 million in arbitration with a subsidiary of international energy shipping and maritime conglomerate MISC Berhad on its counterclaims over a lease agreement for a floating offshore oil rig. Kinder Morgan-Owned Pipelines Want $14M In Unpaid Bills Exploration and production company Ursa Piceance LLC has been hit with two lawsuits in Texas state courts in Houston alleging that it breached agreements to transport natural gas by failing to pay invoices and owes its business partners about $14 million.
Semiconductor Co. Keeps $1.3M Win Against Ex-Tax Director A Texas appellate court largely upheld a $1.3 million verdict for a semiconductor maker against its former director of tax, ruling the former director could not prove he was fired for refusing to violate the law because there was no evidence the company had asked him to do so.
Russian Ex-Lawmaker In Contempt In $93M Fight, Court Told A real estate investor attempting to enforce a $93 million arbitral award has urged a California federal court to find the former Russian lawmaker who must pay it to be in contempt, saying he and his family have ignored a court order barring them from transferring assets out of a Liechtenstein-based trust.
Holding Co. For CBD Firm Wants Suit Over $10M Loan Tossed A real estate holding company for a Colorado CBD and hemp oil wholesaler urged a Texas federal court to toss a lawsuit by a commercial lender seeking a $100,000 breakup fee on a $10 million loan contract, saying the court lacks jurisdiction because the company does no business in the Lone Star State.
Opinion Don't Just Delay The Bar Exam — Cancel It Forever The bar exam tells us nothing about whether a law student will be a competent lawyer, and now that exams have been delayed due to COVID-19, it's a good time to reevaluate why we have it in the first place, says Brian Tannebaum at Bast Amron. How A Small Law Firm Adapts To Remote Work Stay-at-home orders mean small firms like mine — six lawyers and 14 staff members — suddenly need to make rapid changes, but the initial shock has turned into excitement about this opportunity to improve old processes, says David Kwartler at Kwartler Manus. A Call To Arms To Meet The Coming Insurance Litigation Siege Anticipating an onslaught of insurance litigation over coronavirus business interruption claims, Andrew Lundberg at Burford Capital paints a picture of what cooperation could look like among lawyers, courts, legislatures, regulators, insurers and policyholders dealing with this once-in-a-generation stress on the nation's judicial resources. M&A Disclosure Schedule Carveouts Amid Global Pandemic As the coronavirus crisis shines a light on material adverse effect clauses to allocate risk in negotiated acquisitions, agreements should address risks resulting from issues on the seller's disclosure schedule, which are not typically included in most MAE definitions, says Michael Gilligan at Schulte Roth. Opinion US Gov't Should Replace US Olympic Committee The $200 million loss to the U.S. Olympic and Paralympic Committee from the Tokyo Olympics' postponement, along with recent scandals involving USA gymnastics, shores up why creating a government department to manage the U.S. Olympic effort is necessary, says Ronald Katz at GCA Law Partners. Goodwin, Others Cut Jobs As Mintz Slashes Salaries In response to the COVID-19 pandemic, Goodwin Procter LLP is trimming its global operations team, confirming Friday it has laid off "a limited number" of nonattorney staff, while Mintz Levin Cohn Ferris Glovsky and Popeo PC said it will cut all employees' salaries. Pepper, Troutman Latest To Ax Summer Associate Programs Pepper Hamilton LLP and Troutman Sanders LLP became the latest law firms on Friday to announce they would be canceling their 2020 summer associate programs due to the COVID-19 pandemic. Analysis Top Workplace Lawyers Scramble To Master Unemployment Many employment attorneys pride themselves on breezing through their clients' thorniest legal quandaries, but the recent federal unemployment expansion has left even the savviest among them in an unfamiliar position: without all the answers. NYC Prisons Rebuked For Blocking Sick Inmates' Phone Calls A Brooklyn federal judge on Friday said that the Federal Bureau of Prisons was failing in its duty to provide access to counsel for inmates in New York City detention centers, criticizing them for barring sick inmates from speaking to their attorneys during the COVID-19 pandemic. Blank Rome, Andrus Wagstaff Clash Over Pelvic Mesh Fees Blank Rome LLP and Andrus Wagstaff PC are bashing each other's attempts to secure an early win in a suit claiming that Andrus Wagstaff stiffed Blank Rome out of nearly half a million dollars in fees related to multidistrict litigation concerning allegedly defective pelvic mesh implants. GC Cheat Sheet: The Hottest Corporate News Of The Week Life sciences companies are completing offerings despite volatility caused by the coronavirus pandemic, while Senate Democrats blocked a Republican attempt to approve another $250 billion in forgivable loans to small businesses. These are some of the stories in corporate legal news you may have missed in the past week. Podcast Law360's Pro Say: COVID At The High Court The U.S. Supreme Court has issued its first ruling dealing with COVID-19, refusing to postpone Wisconsin’s election. On this week’s episode of Pro Say, we’re breaking down the decision, the blowback and how the court might rule on future coronavirus fights. Q&A Coping With A Pandemic: 5th Circ. Judge Jennifer Elrod With distancing and isolation the new norm amid the COVID-19 pandemic, Law360 is sharing reactions from around the business and legal community. Today's perspective comes from Judge Jennifer Elrod of the U.S. Court of Appeals for the Fifth Circuit. 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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