GC Cheat Sheet: The Hottest Corporate News Of The Week

By Michele Gorman

In corporate legal news from the past week,​ in-house lawyers' use of alternative legal service providers remains low, and the top Justice Department merger official said that the Trump administration welcomes "fix-it-first proposals," where merging companies arrange to sell off overlapping business lines.

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Analysis

Legislative Reprieve For Texas Green Energy Isn't Permanent

By Keith Goldberg

Texas renewable energy companies dodged another bullet when several bills that would have restricted development died in the state Legislature a second time, but the industry remains on guard for future attempts to more tightly regulate renewable projects.

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CVS Health Can't Dodge Blame In Omnicare False Claims Suit

By Mark Payne

A New York federal judge rebuffed an attempt from CVS Health Corp. to evade responsibility in a False Claims Act case, after a jury found that its subsidiary Omnicare bilked the federal government out of over $135 million in fraudulent drug claims. 

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Supreme Court Limits Discovery In FOIA Suit Against DOGE

By Katie Buehler

The U.S. Supreme Court halted discovery Friday into whether the Department of Government Efficiency is an agency subject to the Freedom of Information Act, but left the door open to future, more tailored inquiries about the inner workings of the initiative.

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Analysis

Boston Feds Must Do 'More With Less' On White Collar Front

By Chris Villani

Defense attorneys say they see early signs of an uptick in white collar prosecutions under new Massachusetts U.S. Attorney Leah Foley, though depleted resources in the prominent Boston office and an overwhelming focus on immigration could limit the number of high-profile cases in the near future.

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Masimo Fights Ex-CEO's Bid To Ax Suit Over $450M Demand

By Bonnie Eslinger

Masimo Corp. fought back against founder Joe Kiani's motion to dismiss the company's Delaware Chancery Court suit seeking a declaration that he's not due a $450 million payout after his ouster as CEO, arguing that bid is an "improper attempt to evade" the Delaware court's jurisdiction.

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Execs Hid Jewelry Co. Accounting Issues, Suit Says

By Sarah Jarvis

Executives of Compass Diversified Holdings have been hit with a derivative shareholder suit in a California federal court for allegedly making misleading statements about the investment firm's financial condition, stemming from accounting irregularities at a jewelry company the firm acquired.

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Fed's Bowman Calls For Oversight Built On 'Pragmatism'

By Jon Hill

Federal Reserve Vice Chair for Supervision Michelle Bowman on Friday previewed a sweeping industry-friendly agenda to ease burdens on smaller lenders, overhaul supervisory ratings and reevaluate capital rules as the central bank's new top regulator, drawing immediate praise from banking industry groups.

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Senate Banking Bill Would Zero Out CFPB's Fed Funding

By Jon Hill

U.S. Senate Banking Committee Republicans called Friday for eliminating the Consumer Financial Protection Bureau's Federal Reserve funding as part of their proposal package for the "One Big Beautiful" budget bill, a move that could effectively restructure the agency.

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Brief

Justices Skip Investment Adviser's Appeal Of $32M SEC Win

By Jessica Corso

The U.S. Supreme Court on Friday declined to hear a lawsuit challenging the U.S. Securities and Exchange Commission's disgorgement powers, turning away an appeal brought by an investment adviser who was ordered to pay $32 million after a lower court found that he and his firm defrauded clients.

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Crypto Groups Want Protections For Developers In House Bill

By Aislinn Keely

A coalition of crypto industry groups urged lawmakers and courts to shield developers from certain legal liabilities if their creations do not take hold of customer funds, including by enshrining protections in a proposal to regulate crypto markets that lawmakers continue to debate.

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Gemini Confidentially Files For IPO Amid Crypto Listings Buzz

By Tom Zanki

Crypto exchange Gemini Space Station Inc. said Friday it confidentially filed for an initial public offering, marking a first step toward going public amid growing enthusiasm for crypto-related listings following stablecoin issuer Circle Internet Group Inc.'s blockbuster IPO.

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DOJ Says More IT Workers Laundered Crypto For North Korea

By Sydney Price

The U.S. Department of Justice filed a civil complaint alleging information technology workers from North Korea evaded U.S. sanctions and accumulated millions in cryptocurrency for the benefit of the North Korean government.

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Judge Signs Off On SEC Dismissal Of Crypto Promoter Suit

By Aislinn Keely

A Texas federal judge signed off on the end of the U.S. Securities and Exchange Commission's case against crypto promoter Ian Balina, resolving the dispute over Balina's promotion of so-called SPRK tokens amid the agency's policy pivot on digital assets.

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Yotta Renews Post-Middleware Failure Claims Against Evolve

By Emilie Ruscoe

Yotta Technologies Inc., a fintech company caught in the implosion of now-bankrupt middleware company Synapse Financial Technologies Inc., has renewed claims it tossed earlier against its former partner Evolve Bank & Trust, accusing the bank of "running a Ponzi scheme" in connection with its alleged loss of millions of dollars in customer funds.

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Calif. Says Nonprofit Can't Challenge Captive Meeting Law

By Bonnie Eslinger

California's labor commissioner asked a federal court Friday to toss a lawsuit challenging the state's law prohibiting so-called captive audience meetings, arguing that the nonprofit that sued to block the law lacks standing because it hasn't sufficiently alleged an injury or "a credible threat of prosecution."

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Full 11th Circ. Asked To Rethink Workplace Attack Case

By Kelcey Caulder

An employee has asked the en banc Eleventh Circuit to rethink its ruling that wholesale restaurant supply store McLane Foodservice Inc. is not liable for injuries suffered by an employee who was set on fire at work by a former partner, arguing it took too narrow a view on foreseeability.

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Roundup

Employment Authority: Straight Bias Case Could Trigger Suits

Law360 Employment Authority covers the biggest employment cases and trends. Catch up this week with how the U.S. Supreme Court's decision reviving a straight woman's workplace discrimination suit could trigger a surge in cases from so-called majority groups, the birthright citizenship case at the U.S. Supreme Court could start a debate over the role nationwide injunctions play in wage and hour law, and what to expect from a case in the Eighth Circuit mulling Home Depot's challenge to the National Labor Relations Board's ruling that it illegally forced out a worker who wrote "BLM" on their apron.

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Free Speech Shields Rehab From Permit Suit, Court Says

By Brian Steele

A Connecticut drug treatment facility does not have to face claims, including unfair trade practices, lodged by a prospective competitor amid a contentious permit battle, a state appellate panel ruled Friday, finding that the state's anti-SLAPP statute is fatal to the case.

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Texas AG Says Trans Care Investigation Is Lawful

By Spencer Brewer

The Texas Attorney General's Office told the state's Supreme Court that a lower court went too far by blocking an investigation into an LGBTQ+ advocacy organization that allegedly had knowledge about outside parties performing gender-affirming care on minors, saying the court undermined the AG's investigative authority.

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Chancery Pauses Meta Privacy Suit For EU, Ireland Actions

By Jeff Montgomery

A Delaware court on Friday paused a pension fund stockholder suit seeking documents on data privacy violations made by Meta Platforms Inc. that led to a €1.2 billion ($1.4 billion) fine from European authorities.

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GM Says Texas Data Privacy Lawsuit Flouts Ch. 11 Sale Order

By Clara Geoghegan

General Motors asked a New York bankruptcy court to enforce a 2009 Chapter 11 sale order, saying a recently amended consumer data privacy complaint from the Texas attorney general effectively includes successor liability claims it didn't inherit.

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FTC Scoffs At Meta's Accusation Of 'Biased' Econ Expert

By Lauren Berg

The FTC on Friday urged a Washington, D.C., federal judge to reject Meta's bid to strike testimony the agency's lead economics expert gave during the antitrust trial over Meta's purchase of Instagram and WhatsApp, scoffing at the allegation the New York University School of Law professor is biased.

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European Soccer Org. Under Fire For Stifling 'Super League'

By Alex Lawson

Spain's competition watchdog opened an investigation into European soccer's governing body on Friday, focusing on a series of agreements it struck with top flight clubs to prevent them from joining the so-called Super League project backed by promoter A22 Sports Management.

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LA Fitness Beats DOJ's ADA Suit, For Now

By Craig Clough

A California federal judge tossed the U.S. Department of Justice's lawsuit Friday alleging LA Fitness did not accommodate disabled patrons, ruling the government failed to allege a pattern or practice of discrimination or put the gym chain on notice of claims the attorney general determined are of public importance.

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NY AG Shuts Down 26 Online Sweepstakes Casinos

By Elaine Briseño

New York Attorney General Letitia James announced Friday that her office has shuttered the in-state operations of 26 online sweepstakes casinos, saying they are prohibited by state law because they involve risking something of value.

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FCC Says Texas Telecom Must Pay Back $5M In Federal Support

By Christopher Cole

The Federal Communications Commission said Friday that a West Texas telecom will have to pay back $5.5 million in federal support because it didn't follow commission rules when documenting its eligibility for the money.

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Auto Industry Questions Update To FCC Connected-Tech Ban

By Jared Foretek

With the automotive technology players saying they need more time to assess their supply chains, the Federal Communications Commission is giving the public an additional 18 days to comment on a proposal that would add to the list of vehicle connectivity technologies banned from Russian and Chinese manufacturers.

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Commerce Dept. Creates Tech-Neutral Plan For BEAD Funding

By Christopher Cole

Commerce Secretary Howard Lutnick on Friday unveiled a technology-neutral approach for broadband deployment subsidies under the $42.5 billion program created during the Biden administration, which he argues will speed up the federal effort.

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DC Circ. Backs FERC Extension For Southgate Pipeline Work

By Tom Lotshaw

A D.C. Circuit panel on Friday affirmed the Federal Energy Regulatory Commission's construction deadline extension for the Mountain Valley Pipeline's southern spur, with one judge characterizing a suit challenging it as "typical" of litigation that has stymied American progress.

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6th Circ. Sends GM Emissions Fraud Claims Back To Michigan

By Linda Chiem

The Sixth Circuit on Friday partly revived drivers' claims alleging General Motors deceptively marketed Chevrolet Cruze vehicles as clean vehicles when they were actually outfitted with emissions-cheating software, punting a question of preemption back to Michigan federal court.

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Feds Tee Up Redo Of Vehicle Fuel Economy Standards

By Linda Chiem

The U.S. Department of Transportation said Friday that vehicle fuel economy standards issued by the Biden administration improperly factored electric vehicles into the calculus, resulting in overly stringent standards that the Trump administration will soon revise.

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Brief

Feds Want Comments On Altering ESA Conservation Rule

By Juan-Carlos Rodriguez

The U.S. Fish and Wildlife Service on Friday said it's considering altering a Biden-era rule intended to increase participation in voluntary conservation programs, and asked the public for input.

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Dems Urge FHFA To Halt Trump's Fannie, Freddie Plans

By Isaac Monterose

A group of 13 Democratic U.S. senators, along with Sen. Bernie Sanders, urged the Federal Housing Finance Agency to put on hold efforts from President Donald Trump to end government conservatorship for Fannie Mae and Freddie Mac, stating in a letter that reprivatizing the entities "could dramatically increase costs for families seeking to purchase a home."

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Roundup

Real Estate Recap: Hotels, Healthcare REITs, Secondaries

By Real Estate Authority Staff

Catch up on this past week's key developments by state from Law360 Real Estate Authority — including where the hotel sector stands at the midyear, which states are trying to curb healthcare investment models and what is fueling the surge in the real estate secondaries market.

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Ex-SDNY Prosecutor Exits Paul Weiss For Jenner & Block

By Alison Knezevich

Just months after rejoining Paul Weiss Rifkind Wharton & Garrison LLP, the former U.S. attorney for the Southern District of New York is leaving the firm to join Jenner & Block LLP.

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Goldberg Segalla Adds Toxic Torts Expert In NY

By Tracey Read

Civil litigation firm Goldberg Segalla LLP has added a trial lawyer who is an expert in complex asbestos litigation, product liability, personal injury and commercial litigation matters to its toxic torts and environmental law group in Garden City, New York.

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Unicoin Case Reveals SEC's Evolving Enforcement Posture

The U.S. Securities and Exchange Commission's recent fraud allegations against cryptocurrency company Unicoin send a clear message that while the Trump administration supports digital asset development, it will act decisively against deception, inflated valuations and false assurances, says David Zaslowsky at Baker McKenzie.

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Operating Via Bank Charter Offers Perks Amid Industry Shift

As bank regulators become more receptive to streamlining barriers that have historically stood in the way of de novo bank formation, and as fintechs show more interest in chartering, attorneys at Goodwin outline the types of charters available and their benefits.

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Parsing A Lack Of Antitrust Info-Sharing Enforcement Clarity

Information sharing among competing firms has recently faced dramatic changes in antitrust agency guidance, while courts grapple with the permissible scope of pricing algorithms, leaving companies in limbo, but potential Trump administration changes could offer some reprieve, say attorneys at Axinn.

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Proposed State AI Rule Ban Could Alter Employer Compliance

A proposal in the congressional budget bill that would ban state and local enforcement of laws and regulations governing artificial intelligence may offer near-term clarity by freezing conflicting rules, but long-term planning would remain difficult for employers seeking safe, lawful AI deployment strategies, say attorneys at Fisher Phillips.

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What FCA Liability Looks Like In The Cybersecurity Realm

​Two recent settlements highlight how whistleblowers and the U.S. Department of Justice have been utilizing the False Claims Act to allege fraud predicated on violations of cybersecurity standards — timely lessons given new bipartisan legislation introducing potential FCA liability for artificial intelligence use, say​ attorneys Rachel Rose and Julie Bracker.

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Foreign Sovereign Entities Should Heed 9th Circ. IP Ruling

After the Ninth Circuit recently held that four Chinese state-controlled companies were not immune from criminal indictment for alleged economic espionage, foreign sovereign-controlled entities should assess whether their operations and affiliation with their parent states qualify for sovereign immunity under the common law, say attorneys at Cleary.

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How Attorneys Can Become Change Agents For Racial Equity

As the administration targets diversity, equity and inclusion efforts and law firms consider pulling back from their programs, lawyers who care about racial equity and justice can employ four strategies to create microspaces of justice, which can then be parlayed into drivers of transformational change, says Susan Sturm at Columbia Law School.

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Legal Sector Jobs Ticked Up In May Amid Uncertain Economy

By Alison Knezevich

The U.S. legal industry added 1,100 jobs in May, holding steady in the midst of economic uncertainty, according to preliminary data released Friday by the U.S. Bureau of Labor Statistics.

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High Court Says Software Glitch Led To Early Order List Drop

By Hailey Konnath

An "apparent software malfunction" caused the U.S. Supreme Court's order list to be issued early Friday, orders in which the justices granted certiorari in four cases and refused to take up a long list of other ones, including cases centered on Pennsylvania's election system and the Obama Presidential Center.

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Split DC Circ. Reinstates AP's White House Press Pool Ban

By Dorothy Atkins

A split D.C. Circuit panel reinstated the White House's decision to ban the Associated Press from the press pool covering the Oval Office, Air Force One and Mar-a-Lago on Friday, while a dissenting judge criticized her colleagues' rationale as being nonsensical and upending longstanding First Amendment precedent and generations of tradition.

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Atty Gets Prison For Conn. Law Firm Parking Lot Shooting

By Aaron Keller

A onetime Cramer & Anderson LLP partner was sentenced Friday to a seven-year prison term after being convicted of first-degree manslaughter for fatally shooting an attacker in the parking lot of his rural Litchfield, Connecticut, law firm, although his incarceration will be suspended after 2½ years.

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Brief

Fox Rothschild Settles Suit Over $3M Real Estate Deal

By Ryan Harroff

Fox Rothschild LLP has settled a Colorado real estate investor's legal malpractice lawsuit over a $3 million development deal that went wrong, according to a new order filed in state court directing the parties to file for dismissal within a month.

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Calif. Bar Hires Investigator To Review Exam Snafu

By Emily Sawicki

The State Bar of California's board of trustees voted to approve a $185,000 contract with a nonprofit to review "exam scoring irregularities and testing accommodations" from its fraught February 2025 bar exam.

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Flaws Remain In Bar Fitness Queries, Summit Panelists Say

By Aebra Coe

Many current state bar character and fitness tests fail to identify bad actors, and at the same time, certain aspects of the queries can hurt efforts to increase diversity in the profession, according to panelists at the American Bar Association's 2025 Virtual Equity Summit on Friday.

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Seeger Weiss Aims To Protect Bench With Duke Law Donation

By Madison Arnold

New Jersey-based Seeger Weiss LLP is seeking to help protect judges with a $500,000 donation to an institute at Duke Law School that is named in honor of the murdered son of a federal judge in the Garden State.

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Law360's Legal Lions Of The Week

By Kevin Penton

The University of Virginia School of Law Supreme Court Litigation Clinic and attorney Edward Gilbert lead this week's edition of Law360 Legal Lions, after the U.S. Supreme Court vacated the Sixth Circuit's ruling that plaintiffs claiming anti-heterosexual workplace discrimination need to provide extra "background circumstances" evidence.

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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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Titan Of The Plaintiffs Bar: Lieff Cabraser's Michael Sobol

By Kevin Penton

Michael Sobol has won significant settlements recently, including a $115 million deal over Oracle's allegedly unlawful sale of internet users' electronic profiles and a $62 million deal with Google over allegations it illegally stored and tracked the private location information of smartphone users, earning him a place among Law360's 2025 Titans of the Plaintiffs Bar.

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