Holmes Seeks Trump Clemency For Theranos Fraud Sentence

By Rae Ann Varona

Former Theranos CEO Elizabeth Holmes has asked President Donald Trump to commute an 11-year prison sentence she's been serving for defrauding investors with bogus blood-testing technology, according to the U.S. Department of Justice's Office of the Pardon Attorney.

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EXp Brass Can't Shake Claims It Ignored Sexual Misconduct

By Sarah Jarvis

The Delaware Chancery Court has allowed the bulk of a shareholder lawsuit against eXp World Holdings Inc. to proceed, saying it is reasonable to infer the real estate brokerage's board "effectively did nothing" in response to red flags about widespread allegations of drugging, rape and sexual assault.

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Delaware Justices Clarify Ruling On Loews' $1.5B Cash-Out

By Jeff Montgomery

In a rare second look at one of its own recent decisions, Delaware's Supreme Court said an earlier opinion "misconstrued" some dimensions of an unjust enrichment challenge to Loews Corp.'s $1.5 billion buyout of Boardwalk Pipeline Partners LP public unitholders.

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Boar's Head Heir Seeks Chancery Ruling On Board Seat

By Jarek Rutz

An heir to one of a major deli manufacturer's founders has asked the Delaware Chancery Court to step into a family governance dispute, arguing that the company improperly refused to recognize his election to the board despite a written stockholder consent he says was valid under Delaware law.

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Litigation Funder, Former GC Reach Deal In Trade Secrets Suit

By James Mills

Litigation funder Siltstone Capital LLC and its former general counsel have reached a settlement in the company's lawsuit, alleging the GC used trade secrets to form a rival litigation funder.

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Businesses Seek OK On $436M Toyota Forklift Emissions Deal

By Mike Curley

A proposed class of businesses is asking a California federal court to give the go-ahead on a $436 million settlement with Toyota Industries Corp. and its material handling affiliates in a suit that alleged the company misled them on their forklift and construction engine emissions.

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UPS Strikes Deal In Class Action Over Pay For Military Leave

By Benjamin Morse

UPS has reached a deal to end a class action alleging the package delivery giant violated federal law by failing to pay drivers for short-term military leave despite providing compensation for jury duty and other short-term absences, according to a filing in Washington federal court.

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FTC Mulling Deal With Express Scripts In PBM Case

By Matthew Perlman

The Federal Trade Commission is considering a potential settlement with Express Scripts in the agency's case accusing the country's three largest pharmacy benefit managers of inflating insulin prices through rebate schemes.

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Feds Oppose Bail For Conn. Oil Trader During FCPA Appeal

By Aaron Keller

Federal prosecutors are fighting an oil trader's bid for freedom while he appeals a 15-month Foreign Corrupt Practices Act prison sentence, arguing the trader should begin serving time by Feb. 9 because his jury conviction probably won't be reversed.

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Jefferies Steered Feds To $200M Water Ponzi Case, Judge Told

By Pete Brush

Two men charged in connection with an allegedly massive water-vending Ponzi scheme were investigated after counsel for investment giant Jefferies — one defendant's former employer — walked the case into the Manhattan U.S. attorney's office, a federal judge heard Wednesday.

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Ex-TD Bank Worker Cops To Taking Money Laundering Bribes

By Katryna Perera

A former New Jersey-based TD Bank NA employee pled guilty on Wednesday to accepting bribes and leveraging his position to facilitate the movement of over $26 million to Colombia through TD Bank accounts.

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SEC Wins $9.7M In Cemtrex Fraud Case After 2nd Circ. Remand

By Katryna Perera

The U.S. Securities and Exchange Commission has secured a $9.7 million judgment against the founder of an industrial manufacturer who allegedly diverted over $7.3 million of investor funds from his company to his private accounts, after the Second Circuit vacated the previous disgorgement award and remanded the case.

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AI Recruiting Co. Eightfold Sued Over Job Applicant 'Dossiers'

By Dorothy Atkins

Job applicants have hit Eightfold AI with a proposed class action in California court, alleging the artificial intelligence company's business model violates longstanding consumer protection statutes by using "opaque" closely guarded AI algorithms to scrape personal data and generate "dossiers" on job applicants for major employers without applicants' knowledge or consent.

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Google Likely Stuck With $425M Loss, But Bid For $3B Flops

By Bonnie Eslinger

A California federal judge overseeing a class action accusing Google of illegally collecting information from 98 million cellphone users said Wednesday that he probably will not let Google decertify the class, but he is also unlikely to add $2.36 billion in alleged wrongful profits on top of a jury's $425 million verdict.

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Medtronic 'Blocked' Surgical Device Competition, Jury Told

By Craig Clough

An executive at Applied Medical Resources Corp. on Tuesday told a California federal jury considering antitrust claims against Medtronic Inc. that a surgical device his company introduced a decade ago had great success in Europe but was "blocked" in the U.S. by Medtronic's practice of "bundling" products.

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Title Insurer Gets Atty's Emotional Distress Claims Cut

By Brian Steele

Higher-ups at Connecticut title insurer CATIC and its nonprofit holding company don't have to face a former director's claims for emotional distress and tortious interference over his ouster, a state court judge has ruled.

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Health Tech SPAC Execs Ink $10M Investor Settlement

By Emilie Ruscoe

Former executives of a health technology company that went public via merger with a blank check company have reached a $10 million deal to settle claims they wiped out investors with a bankruptcy filing after the company's product development projections derailed.

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FedEx Dodges Claims It Owed OT, Was Drivers' Employer

By Irene Spezzamonte

Drivers who worked for FedEx through intermediary entities failed to support their arguments that the freight company was their joint employer or that they worked unpaid overtime under federal wage law, a Massachusetts federal judge ruled Wednesday.

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O'Melveny Corporate Finance Chair Hops To Pillsbury In NY

By Tracey Read

Pillsbury Winthrop Shaw Pittman LLP has boosted its debt finance capabilities by bringing on the former chair of O'Melveny & Myers LLP's corporate finance practice.

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7 Predictions For Cyber Risk And Insurance In 2026

In 2026, cyber risk and insurance will be shaped by developments such as the rapid adoption of artificial intelligence, ongoing privacy litigation and evolving regulatory requirements, as organizations that integrate AI into their operations contend with new vulnerabilities and a legal landscape that demands greater vigilance and adaptability, say attorneys at Wiley.

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How SEC Civil Penalties Became Arbitrary: The Framework

An examination of how the U.S. Securities and Exchange Commission has recently applied guidelines governing the imposition of monetary penalties in enforcement actions shows that civil penalty awards in many cases are inconsistent with the rules established to structure them, say David Slovick at Kopecky Schumacher and Phil Lieberman at Vanderbilt Law.

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2026 Int'l Arbitration Trends: M&A And Securities Disputes

Recent developments — such as the high-profile arbitration between ExxonMobil and Chevron, and the U.S. Securities and Exchange Commission's shift on its long-standing opposition to mandatory arbitration clauses in registration statements — highlight key issues to consider when drafting relevant agreements and arbitrating M&A disputes, say attorneys at Cleary.

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How A 1947 Tugboat Ruling May Shape Work Product In AI Era

Rapid advances in generative artificial intelligence test work-product principles first articulated in the U.S. Supreme Court’s nearly 80-year-old Hickman v. Taylor decision, as courts and ethics bodies confront whether disclosure of attorneys’ AI prompts and outputs would reveal their thought processes, say Larry Silver and Sasha Burton at Langsam Stevens.

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Analysis

Nonprofits, Not BigLaw, Lead Legal Challenges To Trump

By Jack Karp

Public interest groups are handling a majority of the lawsuits filed against the second Trump administration, while most large firms remain on the sidelines, according to a review by Law360 of more than 400 lawsuits filed in the first year of Trump's second term.  

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Ballard Partners Led In Lobbying Earnings As Trump Returned

By Alison Knezevich

Ballard Partners more than quadrupled its annual federal lobbying revenue in 2025 amid President Donald Trump's return to office, surpassing the law firm policy practices that have led K Street in recent years.

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Former SG Prelogar Joins Cooley Team On Trump EO Appeal

By Alison Knezevich

Former Solicitor General Elizabeth Prelogar has joined the legal team representing Jenner & Block LLP in its fight with President Donald Trump's administration over his executive order targeting the BigLaw firm, according to a new court filing.

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Lawyer Testifies Goldstein Dodged $500K Poker Repayment

By Jared Foretek

A former employee at Thomas Goldstein's law firm recounted in court Wednesday that a U.S. Internal Revenue Service levy was placed on the SCOTUSblog founder's accounts, while a lawyer at another firm said Goldstein dodged repaying him for money invested in his poker-playing exploits.

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House Speaker Johnson Supports Impeachment Of Judges

By Courtney Bublé

House Speaker Mike Johnson, R-La., on Wednesday threw his support behind efforts to impeach federal judges in Washington, D.C., and Maryland.

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DOJ Outline Of New Fraud Role Doesn't Mention WH Oversight

By Courtney Bublé

A U.S. Department of Justice official explained the parameters of the new role of assistant attorney general for fraud in a recent letter to Congress, obtained Wednesday by Law360, but did not mention the individual will be overseen by the White House, as the vice president previously said.

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NYC Indigent Defense Program In 'Crisis,' Task Force Reports

By Andrea Keckley

The New York City Assigned Counsel Plan, which provides lawyers to indigent people in criminal and family courts who can't be served by institutional legal service providers, is "in a state of crisis," a New York City Bar task force said in an interim report released Wednesday.

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7th Circ. Cautions Pro Se Litigants To Avoid AI-Induced Errors

By Celeste Bott

The Seventh Circuit offered guidance to litigants using artificial intelligence while representing themselves in a ruling remanding a pro se plaintiff's civil rights case Wednesday, saying that AI has "great promise" for those who can't afford legal counsel, but that it doesn't abdicate them of their duty to avoid misrepresentations in court filings.

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Justices Wary Of Greenlighting Trump Bid To Fire Fed's Cook

By Jon Hill

The U.S. Supreme Court on Wednesday appeared reluctant to let President Donald Trump immediately oust Federal Reserve Gov. Lisa Cook, with multiple justices expressing doubts about administration claims of broad presidential removal power over the central bank.

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