A Washington, D.C., federal judge ruled on Tuesday that Elon Musk cannot escape a U.S. Securities and Exchange Commission lawsuit accusing him of failing to timely disclose large Twitter share purchases made before he took the company private for $44 billion.
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WEDNESDAY, FEBRUARY 4, 2026 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

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Musk Can't Dodge SEC's Twitter Share Buy-Up Suit

By Jessica Corso

A Washington, D.C., federal judge ruled on Tuesday that Elon Musk cannot escape a U.S. Securities and Exchange Commission lawsuit accusing him of failing to timely disclose large Twitter share purchases made before he took the company private for $44 billion.

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Uber Should Pay $144M For Sex Assault By Driver, Jury Told

By Bonnie Eslinger

Uber should pay more than $144 million in compensatory and punitive damages for choosing "profit over safety," leading to the rape of a 19-year-old woman by a rideshare driver, her lawyer told an Arizona federal jury at the close of a landmark bellwether trial on Tuesday.

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Netflix, Warner Bros. CEOs Defend Merger Before Congress

By Courtney Bublé

In a congressional hearing Tuesday, the CEO of Netflix distanced himself from any notion President Donald Trump has undue influence in the review process of the streaming company's proposed $82.7 billion acquisition of Warner Bros., despite the president's assertion that he will be "involved" with the merger review.

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Del. High Court Revives Noncompete Over Forfeited Equity

By Jarek Rutz

The Delaware Supreme Court on Tuesday revived a fire and life-safety services company's bid to enforce postemployment restrictive covenants against a former executive, rejecting a lower court's conclusion that those covenants became unenforceable once the executive forfeited his incentive equity after being fired for cause.

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Law360 Seeks Members For Its 2026 Editorial Boards

Law360 is looking for avid readers of our publications to serve as members of our 2026 editorial advisory boards.

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POLICY & REGULATION

Calif. Privacy Agency Taps Meta Alum To Head New Audits Unit

By Allison Grande

The California Privacy Protection Agency on Tuesday announced the creation of a new Audits Division to assess companies' compliance with the state's consumer data privacy framework and named the most recent director of public policy at social media giant Meta Platforms Inc. to lead the unit.

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SEC Official Floats Using AI In Adviser-Retail Investor Chats

By Sarah Jarvis

The director of the U.S. Securities and Exchange Commission's investment management division said Tuesday that funds and advisers could one day use artificial intelligence agents to communicate with retail investors about what's contained in fund disclosure documents.

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ENFORCEMENT

SEC Tosses Biden-Era Case Against Wyoming Crypto Co.

By Jessica Corso

The U.S. Securities and Exchange Commission has walked away from an attempt to block the issuance of a pair of digital tokens offered by a Wyoming-based company, saying that changes in federal policy toward the cryptocurrency industry necessitated an end to the administrative proceedings.

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LITIGATION

Medtronic's Bundling Isn't Anticompetitive, Prof Tells Jury

By Craig Clough

A University of Chicago economics professor testified Tuesday in a California federal trial over antitrust claims against Medtronic, saying its practice of bundling its advanced bipolar devices for sales with other products isn't anticompetitive but is actually a very common American practice used by the likes of McDonald's and Costco. 

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Chancery Slashes Mootness Fee Proposal In Bolt Suit

By Jeff Montgomery

A Delaware vice chancellor on Tuesday pruned to under $4 million a $7.5 million attorney fee request for litigation that ended with cancellation of more than $37 million in Bolt Financial Group shares used by a company controller to secure a later-defaulted-upon, company-guaranteed loan.

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ImmunityBio Stockholder Targets Soon-Shiong In Chancery

By Jarek Rutz

The Delaware Chancery Court on Tuesday heard arguments over whether biotech billionaire Patrick Soon-Shiong and ImmunityBio Inc.'s board breached their fiduciary duties by approving insider financing that allegedly allowed him to secure equity at deeply discounted prices as the company neared regulatory approval for its lead cancer drug.

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ESPN Wants Worker's COVID Vaccine Bias Lawsuit Dismissed

By Aaron Keller

ESPN has asked a judge to dismiss a former remote video operator's religious bias lawsuit stemming from a COVID-19 booster vaccine mandate, saying the onetime worker exaggerated its corporate parent's links to the government when accusing the company of being an arm of the state.

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Online Betting Co. Beefs Up Penalties For Harassing Athletes

By David Steele

Online betting platform BetMGM will now suspend the accounts of users who harass or direct abuse toward an athlete, coach or other participant in a sporting event, potentially solving a problem leagues and players have tried to address recently.

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2nd Circ. Keeps Credit Suisse Collapse Suit Out Of US Courts

By Brian Steele

The Second Circuit on Tuesday declined to revive a shareholder suit accusing Credit Suisse and related entities of misconduct leading up to the bank's collapse, holding that a New York judge was not wrong to find that the litigation is overwhelmingly tied to Switzerland.

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1st Circ. Pushes For Settlement In Mass. 'Right-To-Repair' Suit

By Chris Villani

The First Circuit suggested Tuesday that major automakers and the Massachusetts Attorney General's Office should work together to resolve a suit over compliance with a state law requiring open access to vehicle telematics systems.

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Masimo Investors' $34M Deal In Revenue Suit Gets Initial OK

By Sydney Price

Masimo Corp. and its investors have received initial approval of a $33.8 million deal to settle claims that the medical and audio device company based its sales and revenue projections on unrealistic expectations for demand.

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PEOPLE

Squire Patton Hires Sheppard Mullin, Miller & Chevalier Attys

By Jack Rodgers

Squire Patton Boggs LLP has hired a corporate attorney and an antitrust litigator from Sheppard Mullin Richter & Hampton LLP and Miller & Chevalier Chtd., respectively, who are joining the firm as partners in Washington, D.C., according to two Tuesday announcements.

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Willkie Adds Paul Hastings Entertainment Litigator In LA

By James Mills

Willkie Farr & Gallagher LLP is expanding its litigation team, bringing in a Paul Hastings LLP entertainment litigator as a partner in its Los Angeles office.

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OCC's Ex-Chief Of Enforcement Joins Morgan Lewis In DC

By Katryna Perera

A former acting director of enforcement at the Office of the Comptroller of the Currency has joined Morgan Lewis & Bockius LLP's financial regulatory and enforcement litigation and investment management practices in Washington, D.C., marking his first move into private practice following an extensive career in public service.

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EXPERT ANALYSIS

Limiting Worker Surveillance Risks Amid AI Regulatory Shifts

With workplace surveillance tools becoming increasingly common and a recent executive order aiming to preempt state-level artificial intelligence enforcement, companies may feel encouraged to expand AI monitoring, but the legal exposure associated with these tools remains, say attorneys at MoFo.

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How Insurers Are Wording AI Exclusions

Artificial intelligence exclusions are now available for use in insurance policies, meaning corporate risk managers must determine how those exclusions are interpreted and applied, and how they define AI, says David Kroeger at Jenner & Block.

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LEGAL INDUSTRY

Habeas Cases Flood Courts After Immigrant Detention Shift

By Jack Karp

Federal courts have been inundated with a flood of cases stemming from the Trump administration's revised approach to the detention of unauthorized immigrants, with judges routinely ruling against the government as immigration attorneys scramble to keep up.

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Baker McKenzie Describes Client Fallout After Assault Claims

By Alison Knezevich

Several clients asked the leader of Baker McKenzie's Washington, D.C., office to stop handling work for them after he was accused of sexual assault, according to a new filing in a defamation case against the former firm associate who made the allegations.

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Goldstein Knew What Was On His Returns, Accountant Claims

By Jared Foretek

The top outside accountant handling tax returns for SCOTUSblog founder Thomas Goldstein and his law firm said Tuesday that Goldstein wasn't forthcoming about his gambling records and that he firmly believed the former U.S. Supreme Court attorney knew what was in his allegedly false tax returns when they were filed.

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Approach The Bench: Judge Yew Warns Of Deepfake Evidence

By Cara Bayles and Steven Trader

After decades on the bench of the Santa Clara County Superior Court, Judge Erica Yew began to regard the future of courtroom evidence with some trepidation, as the rapid evolution of artificial intelligence made it easier to falsify documents, photos and videos.

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4 Attys Sanctioned Over AI Hallucinations In Legal Brief

By Elliot Weld

A Kansas federal judge has issued sanctions against a group of lawyers representing a technology company in a patent dispute and has referred one attorney for disciplinary action over case citations hallucinated by ChatGPT appearing in a legal brief.

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Pretti Killing Highlights Free Speech And Gun Rights Tension

By Marco Poggio

The killing of Alex Pretti, a 37-year-old U.S. citizen and lawful gun owner, by federal immigration enforcement agents in Minneapolis last month brought to the fore a long-standing tension between two constitutional rights that the U.S. Supreme Court has never resolved, legal experts say.

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Floyd Prosecutor, Defense Atty To Represent Pretti's Family

By Lynn LaRowe

The relatives of a Minnesota intensive care nurse killed by ICE agents have secured legal representation from a former federal prosecutor who helped secure the conviction of an ex-police officer in the killing of George Floyd, and a criminal defense attorney coming off a high-profile murder case.

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Feds Fight Cyberstalking Atty's Bid For Pretrial Release

By Adrian Cruz

The U.S. government has asked a Texas federal judge to reject a bid for pretrial release from a currently detained attorney charged with cyberstalking other attorneys at BigLaw firms.

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Queens Defenders Ex-Director Admits Embezzling Over $100K

By Pete Brush

The former longtime head of Queens Defenders copped to a count of fraud conspiracy in Brooklyn federal court Tuesday after prosecutors said she diverted over $100,000 intended for indigent residents and used the money for a lavish lifestyle.

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Analysis

Squires And Stewart's Patent Office, By The Numbers

By Theresa Schliep

The U.S. Patent and Trademark Office has seen sweeping changes under Director John Squires and Deputy Director Coke Morgan Stewart, ranging from pro-patent owner policies at the Patent Trial and Appeal Board to employment shake-ups that have prompted departures from the agency.

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Senate Confirms Picks For Texas, Ark. District Court Seats

By Courtney Buble

The Senate confirmed two U.S. district court judges, for Texas and Arkansas, on Tuesday.

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LAW FIRMS IN TODAY'S NEWS

Anapol Weiss

Ashby & Geddes

Avanti Law Group

Baker Botts

Baker McKenzie

Ballard Spahr

Bathaee Dunne

Bracewell LLP

Brown Rudnick

Buether Joe

Cahill Gordon

Chaffin Luhana LLP

Chang Klein

Chipman Brown

Clark Smith Villazor

Cleary Gottlieb

Faegre Drinker

Fish & Richardson

Fisher Patterson

Gellert Seitz

Girard Sharp

Gividen Law

Hagens Berman

Jackson Lewis PC

Jenner & Block

K&L Gates

Kirkland & Ellis

Knobbe Martens

Kuchler & Cotton

Labaton Keller

Latham & Watkins

Levi & Korsinsky

Marshall Gerstein

Maslon LLP

Mayer Brown

McDermott Will & Schulte

McGuireWoods

Miller & Chevalier

Mintz Levin

Morgan Lewis

Morrison & Foerster

Munger Tolles

Napoli Shkolnik

O'Melveny & Myers

Offit Kurman

Paul Hastings

Peiffer Wolf

Prokosch Law

Quinn Emanuel

Romanucci & Blandin

Ropes & Gray

Ross Aronstam

Schwegman Lundberg

Sheppard Mullin

Sidley Austin

Squire Patton

Wilkinson Stekloff

Willkie Farr

Wilson Sonsini

COMPANIES IN TODAY'S NEWS

ABC Inc.

Activant Capital

Alliance for Automotive Innovation

Amazon.com Inc.

American International Group Inc.

Apple Inc.

Applied Medical Resources Corp.

BetMGM LLC

Bolt Financial Inc.

Burke Inc.

California State University, Northridge

Cato Institute

Chevron Corp.

Cornell University

Costco Wholesale Corp.

Credit Suisse Group AG

Duke University

ESPN Inc.

Everytown for Gun Safety

Gelman, Rosenberg & Freedman

George Washington University

Home Box Office Inc.

Honda Motor Co. Ltd.

Investment Company Institute

JPMorgan Chase & Co.

KPMG International

LinkedIn Corp.

Masimo Corp.

McDonald's Corp.

Medtronic PLC

Meta Platforms Inc.

National Collegiate Athletic Association

National Football Museum Inc.

Netflix Inc.

Overstock.com Inc.

Paramount Global

Second Amendment Foundation

Skydance Media LLC

Spotify Technology SA

Stellantis NV

The Walt Disney Co.

Todd Snyder

Tractor Supply Co.

Twentieth Century Fox Film Corp.

Twitter Inc.

UBS Group AG

Uber Technologies Inc.

University of Southern California

Verisk Analytics Inc.

Warner Bros. Discovery Inc.

Warner Bros. Entertainment Inc.

YouTube Inc.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Alaska Department of Law

California Commission on Judicial Performance

California Privacy Protection Agency

Centers for Disease Control and Prevention

Delaware Court of Chancery

Executive Office for Immigration Review

Federal Bureau of Investigation

Federal Communications Commission

Federal Deposit Insurance Corp.

Food and Drug Administration

Internal Revenue Service

Minnesota Attorney General's Office

National Highway Traffic Safety Administration

National Labor Relations Board

Office of the Comptroller of the Currency

Patent Trial and Appeal Board

Tennessee Attorney General's Office

U.S. Army

U.S. Attorney's Office for the District of Maryland

U.S. Attorney's Office for the District of Massachusetts

U.S. Attorney's Office for the Eastern District of New York

U.S. Attorney's Office for the Eastern District of Virginia

U.S. Attorney's Office for the Northern District of Texas

U.S. Court of Appeals for the First Circuit

U.S. Court of Appeals for the Second Circuit

U.S. Department of Health and Human Services

U.S. Department of Homeland Security

U.S. Department of Justice

U.S. District & Bankruptcy Courts of Southern District of Texas

U.S. District Court for the Central District of California

U.S. District Court for the District of Alaska

U.S. District Court for the District of Arizona

U.S. District Court for the District of Columbia

U.S. District Court for the District of Connecticut

U.S. District Court for the District of Maryland

U.S. District Court for the District of Minnesota

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

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 Northern District of Texas

U.S. District Court for the Southern District of California

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

U.S. District Court for the Western District of Arkansas

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

U.S. Immigration and Customs Enforcement

U.S. Merit Systems Protection Board

U.S. Patent and Trademark Office

U.S. Securities and Exchange Commission

U.S. Senate

U.S. Supreme Court

United States District Court for the District of Kansas