SEC's Musk Suit Presses Ahead As Settlement Talks Uncertain

By Jessica Corso

The U.S. Securities and Exchange Commission is moving forward with a case accusing Elon Musk of failing to timely disclose his ownership stake in Twitter, with Musk telling a Washington, D.C., federal judge that the case may head to trial, just weeks after the parties told the judge they were negotiating a possible deal to end the case. 

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Analysis

Judicial Scrutiny Of Counterfeit Suits Forces Brands To Adapt

By Ivan Moreno

Federal judges are placing new restrictions on so-called Schedule A lawsuits that brand owners initiate to sue dozens and sometimes hundreds of online sellers allegedly peddling counterfeit products at once, demanding more than shopping-cart screenshots to establish jurisdiction and pressing plaintiffs to justify mass joinder and damages claims.

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Del. Chancery Limits Kraft Heinz Suit To Director Claims

By Jarek Rutz

The Delaware Chancery Court on Thursday allowed stockholders suing The Kraft Heinz Co. to amend part of their complaint over a $1.2 billion stock sale, but sharply limited the case to newly uncovered evidence about a single director's consulting relationship.

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Nexstar Slams DirecTV's 'Speculative' $6.2B Merger Challenge

By Dorothy Atkins

Broadcast giants Nexstar and Tegna urged a California federal judge on Thursday to allow their $6.2 billion merger to proceed as state attorneys general and DirecTV challenge the tie-up, arguing that their allegations of harm are "generalized and speculative" and that DirecTV is merely trying to maximize its leverage in future negotiations.

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US Tariffs Hiked Consumer Prices By 0.5% To 1%, Report Says

By Kevin Pinner

The U.S. government's tariffs imposed last year likely raised consumer prices by 0.5% to 1%, the Yale Budget Lab said Thursday in a report that revised down its initial estimates.

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Trump Orders 100% Pharma Tariff, Modifies Metals Duties

By Dylan Moroses

Later this year, the U.S. will impose 100% tariffs on imported pharmaceuticals, but drug companies could qualify for reduced tariff rates as low as zero if they agree to invest domestically and enter most-favored-nation drug-pricing agreements with the government, according to an executive order President Donald Trump signed Thursday.

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CFTC Sues Ill., Conn., Ariz. Over Event Contract Enforcement

By Aislinn Keely

The U.S. Commodity Futures Trading Commission continued its bid to assert "exclusive jurisdiction" over prediction markets on Thursday with a trio of suits against Arizona, Connecticut and Illinois regulators over the states' attempts to shut down certain event contract trading as unregistered gambling.

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Microsoft Addicted Kids To Minecraft And Xbox Live, Suit Says

By Ben Adlin

A group of gamers and their parents sued Microsoft Corp. in Washington state court over what they described as the company's "highly addictive" gaming products, alleging the tech giant built games such as Minecraft to maximize use among children and cash in on in-game purchases.

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Brief

Musk, X Settle Former Twitter Workers' Severance Suit

By Katryna Perera

X Corp. and Elon Musk have agreed to settle claims by a group of six former Twitter employees that they were falsely promised severance benefits in connection with Musk's acquisition of the social media company.

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Resume Market Is 'Bold, Bold or Bold,' Antitrust Suit Alleges

By Rae Ann Varona

Silicon Valley-based resume template company Rocket Resume Inc. on Thursday accused a competitor in California federal court of unlawfully monopolizing the U.S. market for online resume-building platforms, saying it is being unfairly pushed out of jobseekers' sight by its rival's "massive portfolio of fraudulent brands."

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PayPal Hid Checkout Woes Before 20% Stock Drop, Suit Says

By Emilie Ruscoe

Payments giant PayPal faces a proposed investor class action alleging the company concealed slowing growth for its critical branded checkout business, precipitating a trading price drop when the company disclosed a growth decline at the end of 2025.

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​​​​​​​Aeropostale Shopper's Fake Markdown Claim Flops In Wash.

By Rachel Riley

The Washington Supreme Court determined in a 6-3 ruling on Thursday that an Aeropostale shopper who alleges she was duped into purchasing leggings based on a fake markdown cannot show harm under the state's consumer protection law based on dashed expectations alone.

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Amazon's Bot Ban Aims To Stifle AI Rivals, 9th Circ. Told

By Dorothy Atkins

Perplexity AI has urged the Ninth Circuit to scrap an injunction blocking the startup's artificial intelligence tool Comet from purchasing items on Amazon.com, arguing the lower court made numerous errors, and Amazon is trying to stifle competition to promote its own AI tools and "bombard" users with ads.

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Hyundai Tech 'Piggybacking' Off Hyundai Motor TM, Jury Told

By Craig Clough

Hyundai Motor Co. told a California federal jury during opening statements Thursday that a small American company calling itself Hyundai Technology selling "low quality" computers is "piggybacking" off the trademark of the automotive giant by tricking consumers into thinking the two companies are associated.

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Amazon Accused Of 'Bricking' Older Fire TV Stick Devices

By Gina Kim

Amazon consumers lodged a proposed class action in California state court Wednesday, accusing the retail giant of employing a deceptive advertising scheme by touting earlier versions of its Fire TV Sticks as having instant streaming benefits, only later to discontinue critical software functionality and rendering them obsolete.

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Alexion Beats Trade Secret Claims In Amyndas Suit

By Adam Lidgett

Amyndas Pharmaceuticals failed to specifically identify the trade secrets it claimed pharmaceutical company Alexion learned of during early partnership talks and improperly used to launch a business collaboration with another competitor, a Massachusetts federal judge has found.

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Power Co. Claims Ex-Worker At Rival Copied More Than 1,100 Files

By José Luis Martínez

A mobile power generation company sued one of its former managers in Texas federal court, saying he copied more than 1,100 files from his work computer and later accessed some of them while working at a competitor.

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Amazon Mulls $9B Globalstar Buy, Plus More Rumors

By Jade Martinez-Pogue

Amazon is considering an acquisition of satellite company Globalstar in a $9 billion deal, cosmetics giant Estee Lauder is in talks to merge with Spanish beauty firm Puig in a deal that would create a $40 billion beauty giant, and private equity behemoth Apollo is in discussions to acquire Atlantic Aviation from KKR in a $10 billion deal.

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Trade Representative Leader Moves To Baker McKenzie

By Jack Rodgers

Baker McKenzie has hired a former deputy assistant in the Office of the U.S. Trade Representative, who worked with the agency for a decade and most recently as the top attorney on U.S. trade actions, tariffs and other policy.

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When AI Puffery Becomes Actionable Securities Fraud

Though courts usually hold that vague but optimistic corporate statements don’t constitute securities fraud, signs suggest that investors may give enough economic weight to references to artificial intelligence in public company disclosures that broad feel-good statements could cross into actionable misrepresentation, says Christine Polek at Keystone Strategy.

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Why Indicia Of Fraud Matter In Forensic Accountant Testimony

Amid federal probes into Minnesota social welfare programs and an elevated focus on detecting and prosecuting fraud, counsel must understand the professional and procedural lines that forensic accounting experts should not cross when analyzing evidence for indicia of fraud, say Kelly Bossard and George Saitta at FTI Consulting.

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Series

Ultramarathons Make Me A Better Lawyer

Completing a 100-mile ultramarathon was tougher, more humbling and more rewarding than I ever imagined, and the experience highlighted how long-distance running has sharpened my ability to adapt to the evolving nature of antitrust law and strengthened my resolve to handle demanding, unforeseen challenges, says Dan Oakes at Axinn.

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ABA, Ex-Judges And Many More Back BigLaw In EO Appeal

By Dorothy Atkins

Numerous bar associations, 239 former judges, 21 states, lawmakers and dozens of other amici curiae have thrown their weight behind BigLaw firms in the Trump administration's consolidated D.C. Circuit appeal seeking to revive executive orders targeting the firms, broadly arguing that the orders are an affront to foundational constitutional rights.

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Legal Sector Lost 700 Jobs In March, Ending Hiring Streak

By Tracey Read

The legal sector began to slow down in March after a year and a half straight of gains, with 700 fewer people employed in lawyer, paralegal and other law-related professional roles last month than in February, according to seasonally adjusted data released Friday by the U.S. Bureau of Labor Statistics.

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Progressive Org. Rolls Out $3M Anti-Trump High Court Push

By Courtney Bublé

President Donald Trump does not have any vacancies on the U.S. Supreme Court, but a progressive court advocacy organization is not waiting for a justice's departure to launch a multimillion-dollar campaign opposing a possible Trump pick.

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Brief

Justice Alito Treated For Dehydration After Federalist Event

By Courtney Buble

U.S. Supreme Court Justice Samuel Alito felt ill during a Federalist Society event last month and was seen by a doctor "out of an abundance of caution," the high court announced on Friday.

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6th Circ. Axes Atty For 'Inexcusable' AI 'Transgressions'

By Rae Ann Varona

An attorney committed "inexcusable transgressions" by relying on Westlaw's internal CoCounsel artificial intelligence platform for appellate filings and by failing to catch erroneous AI-generated content, the Sixth Circuit said Friday and removed the lawyer from further representing a man who pled guilty to drug trafficking charges.

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Analysis

'Political' Deals Pit DOJ Against State AGs, And Not Just Dems

By Bryan Koenig

Controversial U.S. Department of Justice settlements with Hewlett Packard Enterprise and Live Nation, along with the approval of Nexstar's purchase of Tegna, are increasingly inspiring state attorneys general to strike out on their own as antitrust enforcers, often in direct challenge to a federal government that Democrats have cast as "corrupt."

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Florida Gov., AG Face Criticism For Judge Impeachment Push

By Rose Krebs

Florida Gov. Ron DeSantis and Attorney General James Uthmeier faced pushback this week from some in the state's legal community for calling for the impeachment of a judge for releasing a man who went on to allegedly kill his five-year-old stepdaughter, with critics blasting those calls as being politically motivated and "unethical."

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Analysis

DOJ's New Corporate Enforcement Policy May Eclipse SDNY's

By Sarah Jarvis

The U.S. Department of Justice has put to use for the first time its new corporate enforcement policy of declining prosecutions when companies self-report potential criminal violations, but experts say the new, department-wide initiative has rendered a more business-friendly approach by the Southern District of New York moot.

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Ex-DOJ Official Wants Epstein-Talk Suit Kept In District Court

By Emily Sawicki

A former U.S. Department of Justice acting deputy chief who was fired last year after a hidden-camera video of him discussing the Epstein files was posted online has told a D.C. federal judge his due process case must survive in district court because the Trump administration now controls federal oversight agencies.

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Trump Seeks 13% Boost In DOJ Funding

By Courtney Bublé

The White House budget request for fiscal 2027, released on Friday, seeks $40.8 billion in discretionary funds for the U.S. Department of Justice, a 13% increase from the current year level.

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Judge Stands By Block Of DOJ Subpoenas In Powell Probe

By Jon Hill

A Washington, D.C., federal judge on Friday rejected a U.S. Department of Justice attempt to revive subpoenas from its investigation into Federal Reserve Chair Jerome Powell, saying the government hadn't "come close" to giving him a reason to rethink blocking them.

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Schneider Wallace Loses Bid For Bigger Piece Of $75M Fee

By Lauren Berg

A California federal magistrate judge on Friday rejected Schneider Wallace Cottrell Kim LLP's bid to increase its cut of a $75.4 million fee award for representing plaintiffs in a $228.5 million Sutter Health antitrust deal, saying lead counsel Constantine Cannon LLP's allocation of $1.4 million to Schneider Wallace was fair.

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Roundup

GC Cheat Sheet: The Hottest Corporate News Of The Week

By Michele Gorman

PayPal was hit with a proposed investor class action that claims the payments giant hid slowing growth for its critical branded checkout business. In the meantime, a Shopify lawyer encouraged his peers during a webinar to make sure their outside counsel have "met the moment" by leveraging artificial intelligence in smart ways. These are some of the stories in corporate legal news you may have missed in the past week.

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Law360's Legal Lions Of The Week

By Kevin Penton

Alliance Defending Freedom, Pearman Law Firm PC and attorney Barry Arrington lead this week's edition of Law360 Legal Lions, after the U.S. Supreme Court ruled that a Colorado ban on therapy intended to change a minor's sexual orientation or gender identity amounts to viewpoint discrimination against a Christian therapist.

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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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