Stockholders challenging advance notice bylaws at AES Corp. and Owens Corning urged the Delaware Supreme Court on Wednesday to revive their dismissed suits, saying boards should face fiduciary duty scrutiny the moment they adopt allegedly entrenching bylaws, not only after a proxy contest is triggered.
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TOP NEWS

Stockholders Ask Del. Justices To Revive Bylaw Suits

By Jarek Rutz

Stockholders challenging advance notice bylaws at AES Corp. and Owens Corning urged the Delaware Supreme Court on Wednesday to revive their dismissed suits, saying boards should face fiduciary duty scrutiny the moment they adopt allegedly entrenching bylaws, not only after a proxy contest is triggered.

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Class Attys In Del. Northwest Biotherapeutics Praise Deal

By Jeff Montgomery

Delaware Chancery Court has lined up a March 16 settlement hearing for a four-year stockholder lawsuit alleging insiders of Northwest Biotherapeutics Inc. received $40 million in stock awards, with proposals including a call for the company to forfeit nearly 22.9 million stock options and it receiving $2.25 million.

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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

FERC Says Rejection Of PJM Grid-Planning Change Was Sound

By Keith Goldberg

The Federal Energy Regulatory Commission has defended its rejection of a plan that PJM Interconnection, a regional transmission organization, brokered with transmission owners to make grid-planning decisions without the approval of the regional grid operator's members committee, saying the plan would undermine the independence of PJM.

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COURT OF CHANCERY

Brief

Chancery Asked For 120-Day Stay Of Virgin Galactic Suit

By Jarek Rutz

The Delaware Chancery Court has been asked to temporarily pause a stockholder derivative suit accusing Virgin Galactic founder Richard Branson and other leaders of the spaceflight company of concealing safety risks while selling stock, as related litigation over similar allegations moves toward possible settlement in federal court.

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BANKRUPTCY COURT

American Signature Furniture Gets Ch. 11 Sale OK In Del.

By Jeff Montgomery

The bankrupt American Signature Furniture secured approval late Wednesday to move forward with a nearly $159 million sale to its top creditors — interests of the Schottenstein family of companies — after they emerged as the sole bidders in the company's Chapter 11 sale in Delaware.

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THIRD CIRCUIT

3rd Circ. Asks If Death Scene Photo Row Is Privacy Matter

By P.J. D'Annunzio

The Third Circuit on Wednesday pondered whether the mother of a man who jumped from a bridge to his death was entitled to privacy after a Philadelphia police officer shared a photo of the man's death scene, focusing its questioning on whether there was a reasonable expectation of privacy concerning a public death.

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3rd Circ. Ponders Pa. Professor's Virtual Teaching Denial

By P.J. D'Annunzio

A Third Circuit panel on Wednesday quizzed attorneys in a case involving a Kutztown University professor who was denied remote teaching accommodations about if she should have expected in-person instruction to be an essential function of her position, despite the lack of a job description or written policy saying so.

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DISTRICT COURT

Oracle Oversold AI Infrastructure Spending, Investor Says

By Lauren Berg

An Oracle Corp. shareholder has accused the company in Delaware federal court of overly promising that its increased spending on artificial intelligence infrastructure would accelerate revenue growth despite concerns about its increasing contractual reliance on OpenAI, saying OpenAI itself is beholden to "AI tailwinds continuing and its models being a market leader."

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EXPERT ANALYSIS

Series

Law School's Missed Lessons: Practicing Resilience

Resilience is a skill acquired through daily practices that focus on learning from missteps, recovering quickly without internalizing defeat and moving forward with intention, says Nicholas Meza at Quarles & Brady.

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LEGAL INDUSTRY

Meet New Paul Weiss Chairman Scott Barshay

By Anna Sanders

New Paul Weiss Rifkind Wharton & Garrison LLP chair Scott Barshay is a rainmaker who most recently led the corporate department, guiding clients through some of the largest transactions in recent history after joining the firm's New York office a decade ago.

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Judge Who Resigned To Criticize Trump Had Faced Inquiry

By Chris Villani

Former Massachusetts U.S. District Judge Mark L. Wolf was the subject of an inquiry into potential misconduct when he announced his November resignation, a decision he said at the time was motivated by a desire to speak out against the Trump administration, according to a source familiar with the matter.

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Judge Says AI Errors Show Atty Can't 'Learn' From Mistakes

By Ivan Moreno

A New York federal judge concluded that an attorney who repeatedly submitted filings with false AI-generated citations must be punished with case-terminating sanctions against a client he was defending in a trademark lawsuit, saying Thursday that the lawyer "has not, and apparently cannot, learn from his mistakes."

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NY Times Article Excerpts Admitted In Goldstein Trial

By Jared Foretek

Federal prosecutors pressing their case against SCOTUSblog co-founder Thomas Goldstein for tax evasion and misleading statements on mortgage applications were finally able on Thursday to present jurors with key statements the U.S. Supreme Court lawyer made to legal journalist Jeffrey Toobin for a long New York Times Magazine article.

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Texas Atty Must Explain AI 'Misuse' In Employment Case

By Lauren Berg

A prominent civil rights attorney representing a University of Texas at Austin nurse in an employment discrimination case must explain why he shouldn't be sanctioned "for his apparent misuse of artificial intelligence" to research and write a brief, a Texas federal judge ruled.

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Ex-Alex Jones Atty Asks Conn. Justices To Nix Suspension

By Brian Steele

A Connecticut attorney who formerly represented conspiracy broadcaster Alex Jones in a $1.4 billion defamation case has asked the state's highest court to consider whether it was proper for a judge to suspend his law license for violating a protective order governing Sandy Hook families' personal information.

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Deel Loses Bid To DQ Quinn Emanuel In Trade Secrets Fight

By Lauren Berg

Payroll and human resources company Deel Inc. cannot have Quinn Emanuel Urquhart & Sullivan LLP disqualified from representing its competitor Rippling in a trade secrets fight, a Delaware judge ruled Thursday, saying there is no "clear conflict" that would require booting the BigLaw firm.

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State Bar Of Texas Declines To Open Grievance On Ramey

By Emily Sawicki

The State Bar of Texas has declined to open a grievance against patent litigator William P. Ramey III after a San Francisco federal court sanctioned him and his firm, Ramey LLP, for practicing law in California without a license.

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Wash. Lawyer Faces Sanction Threat Over Alleged AI Errors

By Ben Adlin

A federal judge has ordered an attorney in Washington state to submit a sworn declaration explaining why she shouldn't be sanctioned for what opposing counsel claimed are dozens of artificial intelligence "hallucinations" across multiple case filings.

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Fake Case Pulled From Toshiba Malicious Prosecution Suit

By Bryan Koenig

A former printer toner salesman is trying to salvage his lawsuit against Toshiba after the company flagged nonexistent citations, apologizing to the California federal court in a corrected brief Thursday defending claims that the electronics company manufactured a criminal case against him and others to maintain an illegal monopoly.

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McCarter & English Wants To Torpedo $22M Malpractice Suit

By Aaron Keller

McCarter & English LLP on Thursday asked a Connecticut Superior Court judge to sink a $22.3 million professional negligence lawsuit by two struggling insurers, saying failures to provide documents or knowledgeable people to testify during pretrial depositions warrant a "harsh" end to the nearly decade-old case.

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Trump's Seattle US Atty Stays On For Now Via Title Swap

By Rachel Riley

Trump administration appointee Charles Neil Floyd will continue to be the Western District of Washington's top federal prosecutor for now, under the new title of "First Assistant U.S. Attorney," after the deadline passed Wednesday for the U.S. Senate to confirm the interim appointment.

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Klobuchar Alarmed By Exodus Of Prosecutors In Minnesota

By Courtney Bublé

Sen. Amy Klobuchar, D-Minn., on Thursday said she was alarmed by the surge of resignations by federal prosecutors in her state following the shooting deaths of two Minnesotans by immigration agents.

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Judiciary Backs Bill To Let Judges Carry Concealed Guns

By Courtney Bublé

The federal judiciary has come out in support of a Republican-led bill to allow judges and prosecutors to carry concealed firearms across state lines, according to a letter obtained by Law360.

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Ex-Prosecutors Call For Independent Probes Of ICE Killings

By Rose Krebs

A coalition of former federal prosecutors and civil rights attorneys is urging U.S. Attorney General Pam Bondi to ensure that the U.S. Department of Justice allows for "transparent, unbiased and impartial" investigations into the killings in Minneapolis last month of Renee Good and Alex Pretti by federal immigration enforcement agents.

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Promo that reads 2025 Practice Groups of the Year

LAW FIRMS IN TODAY'S NEWS

Arete Law Group

Barton Gilman

Bernstein Litowitz

Cole Schotz

Cravath Swaine

Dalton & Associates PA

Feldman & Associates PLLC

Gibson Dunn

Goldstein & Russell

Gordon Rees

Grant & Eisenhofer

Jones Day

K&L Gates

Kelley Drye

Kessler Topaz

Koffsky Schwalb

Kroger Gardis

Leach & Walker

Manning Gross

Marshall Dennehey

Maschoff Brennan

McCarter & English

Munger Tolles

Murphy Ball Stratton

Olshan Frome

Pachulski Stang

Paul Weiss

Purcell & Lefkowitz

Quarles & Brady

Quinn Emanuel

Ramey LLP

Reed Smith

Richards Layton

Silver Golub

Skadden Arps

Smith Katzenstein

Steptoe LLP

Todd & Weld

Wiggin & Dana

Wright & Talisman

COMPANIES IN TODAY'S NEWS

3G Capital

American Bar Association

Anadarko Petroleum Corp.

Anheuser-Busch Inbev SA/NV

Apollo Global Management LLC

Apple Inc.

Barron's

Bayer AG

Blue Owl Capital Inc.

Chevron Corp.

CreditSights Inc.

Deel Inc.

Deloitte Touche Tohmatsu Ltd.

Gelman, Rosenberg & Freedman

International Business Machines Corp.

Jana Partners LLC

McDonald's Corp.

National Association for the Advancement of Colored People

Noble Energy Inc.

Northwest Biotherapeutics Inc.

OpenAI OpCo LLC

Oracle Corp.

Outliers Inc.

Overstock.com Inc.

Owens Corning Corp.

PJM Interconnection LLC

Pershing Square Capital Management LP

Red Hat Inc.

Renesas Electronics Corp.

Renewable Energy Group Inc.

Rothschild & Co. SCA

S&P Global Inc.

SABMiller

Starbucks Corp.

State Bar of Texas

The AES Corp.

The Kraft Heinz Co.

The New York Times Co.

Toshiba Corp.

Ultimate Fighting Championship Ltd.

Unilever PLC

United Airlines Holdings Inc.

Value City Furniture Inc.

Virgin Galactic Holdings Inc.

Walmart Inc.

World Wrestling Entertainment Inc.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Connecticut Insurance Department

Delaware Court of Chancery

Federal Bureau of Investigation

Federal Energy Regulatory Commission

Federal Trade Commission

Internal Revenue Service

Judicial Conference of the United States

Minnesota Attorney General's Office

National Archives and Records Administration

Texas Attorney General's Office

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

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

U.S. Attorney's Office for the Western District of Washington

U.S. Bankruptcy Court for the District of Delaware

U.S. Court of Appeals for the District of Columbia Circuit

U.S. Court of Appeals for the Federal Circuit

U.S. Court of Appeals for the Ninth Circuit

U.S. Court of Appeals for the Third Circuit

U.S. Department of Homeland Security

U.S. Department of Justice

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

U.S. District Court for the District of Columbia

U.S. District Court for the District of Delaware

U.S. District Court for the District of Maryland

U.S. District Court for the District of Minnesota

U.S. District Court for the Middle District of Alabama

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

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

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

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

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

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

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

U.S. Immigration and Customs Enforcement

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 Colorado

United States District Court for the Southern District of Indiana