A premium deal price and lack of a competitive alternative justified the Court of Chancery's rejection of an injunction barring banking company Comerica Inc. from moving ahead with a $10.9 billion acquisition by Fifth Third Bancorp, a Delaware vice chancellor said in a letter decision released late Monday.
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WEDNESDAY, JANUARY 28, 2026 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

Delaware Court Nixes Comerica-Fifth Third Merger Block

By Jeff Montgomery

A premium deal price and lack of a competitive alternative justified the Court of Chancery's rejection of an injunction barring banking company Comerica Inc. from moving ahead with a $10.9 billion acquisition by Fifth Third Bancorp, a Delaware vice chancellor said in a letter decision released late Monday.

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Del. Supreme Court Backs Harman In $28M Coverage Fight

By Jarek Rutz

The Delaware Supreme Court on Tuesday affirmed a lower court ruling requiring insurers to cover a $28 million settlement paid by Harman International Industries Inc. to resolve stockholder litigation over its $8 billion sale to Samsung Electronics Co. Ltd., rejecting arguments that the payment amounted to a prohibited postdeal "bump-up" in merger consideration.

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Squires Cements Deshpande's Role As Top PTAB Judge

By Dani Kass

U.S. Patent and Trademark Office Director John Squires has named Kalyan Deshpande to serve as the Patent Trial and Appeal Board's chief judge.

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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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COURT OF CHANCERY

Chancery Tosses Retiring BDO USA Partner's Equity Case

By Jarek Rutz

The Delaware Chancery Court has dismissed a former partner of a major accounting firm's lawsuit challenging the company's decision to strip him of equity status after he announced plans to retire, holding that the governing partnership agreement gave the firm's board unfettered discretion to do exactly that.

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Chancery Keeps Alive Jefferies Claims In EV Co. SPAC Suit

By Jeff Montgomery

Aiding and abetting and breaches of fiduciary duty claims went forward in Delaware Chancery Court on Tuesday against Jefferies LLC in connection with the $1.4 billion take-public blank check company merger of electric vehicle company Electric Last Mile Solutions Inc.

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SUPERIOR COURT

Offit Kurman Beats Appeal In $40M Malpractice Suit

By P.J. D'Annunzio

The Pennsylvania Superior Court has ruled that a lower court properly granted summary judgment in favor of Offit Kurman and two of its lawyers in a legal malpractice case.

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BANKRUPTCY COURT

Regional Alaska Airline Hits Ch. 11 With $65.7M Of Debt

By Vince Sullivan

The parent company of New Pacific Airlines filed for Chapter 11 protection in Delaware on Monday along with several affiliates, listing about $65.7 million of debt and saying its regional Alaskan flight routes proved to be financially unsustainable in the years after the COVID-19 pandemic.

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THIRD CIRCUIT

Clinic Workers' Vax Bias Suit Needs 2nd Look, 3rd Circ. Says

By Grace Elletson

A split Third Circuit panel reinstated a religious bias suit claiming Geisinger Medical Center illegally required workers who opposed its COVID-19 vaccine mandate to undergo nasal testing, saying the employees should have been allowed to explore whether a chemical in the nasal swabs made that accommodation unreasonable.

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EXPERT ANALYSIS

Justices' Med Mal Ruling May Spur Huge Shift For Litigators

The U.S. Supreme Court’s recent decision in the medical malpractice suit Berk v. Choy, holding that a Florida procedural requirement does not apply to medical malpractice claims filed in federal court, is likely to encourage eligible parties to file claims in federal court, speed the adjudicatory process and create both opportunities and challenges for litigators, says Thomas Kroeger at Colson Hicks.

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Evenflo IP Ruling Shows Evidence Is Still Key For Injunctions

Notwithstanding renewed policy and doctrinal attention to patent injunctions, the Federal Circuit's December decision in Wonderland v. Evenflo signals that the era of easily obtained patent injunctions has not yet arrived, say attorneys at King & Wood.

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LEGAL INDUSTRY

Minneapolis Law Firms Give Support To Staff And Community

By Aebra Coe

Minneapolis law firm leaders are looking to support their staffs, embrace their community and continue to offer pro bono legal aid to immigrants in the aftermath of federal agents killing an intensive care unit nurse this past weekend.

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2 Attys Sanctioned For AI Citations In Pa. Copyright Suit Filing

By Matt Perez

A federal judge in Pennsylvania has reprimanded two attorneys in a copyright infringement suit for filing a motion to dismiss that contained at least eight false case citations generated by artificial intelligence.

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Judiciary Panel Gets Earful On Legal Financing, Subpoenas

By Jeff Overley

Plans to overhaul federal rules involving recusal and subpoenas fueled spirited debate Tuesday before a judiciary panel, as prominent lawyers outlined forceful views on transparency in third-party litigation funding as well as relaxed policies for serving court documents and obtaining trial testimony.

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Ill. Judge Removed For Column Stating Pro-Trump Opinions

By Ryan Boysen

A retired Illinois state judge's temporary reappointment to the bench has been canceled after he penned a MAGA-tinged column railing against "draconian Covid lockdowns," "Fauci lies" and "lawfare" against President Donald Trump, which a local bar association called "wildly inappropriate."

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TikTok Cuts Deal As 1st Social Media Bellwether Trial Begins

By Dorothy Atkins

TikTok reached an eleventh-hour settlement late Monday in the first bellwether trial over claims that social media harms young users' mental health, cutting the deal days after Snap settled and leaving Meta and YouTube as the sole defendants as jury selection began Tuesday.

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BigLaw Firms Seek Partial Exec Order Appeal Consolidation

By Emily Sawicki

The four BigLaw firms that sued the White House and Justice Department over executive orders against them related to the clients they represent have asked the D.C. Circuit that the cases be "partially consolidated" amid the government's appeals of its losses, while maintaining the ability to file individual response briefs.

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SEC Blunts Some Shareholder Activists With Policy Reversal

By Sarah Jarvis

The U.S. Securities and Exchange Commission has reversed course on allowing shareholders with less than $5 million in holdings to publicize information about their proxy ballot proposals through the agency, saying it will object to such voluntary submissions going forward.

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Promo that reads 2025 Practice Groups of the Year

LAW FIRMS IN TODAY'S NEWS

Ashby & Geddes

Ballard Spahr

Beasley Allen

Bernstein Litowitz

Braverman Kaskey

Buchanan Ingersoll

Christensen Law LLC

Clement & Murphy

Cohen Ziffer

Colson Hicks

Cooley LLP

Covington & Burling

Dorsey & Whitney

Fredrikson & Byron

Gordon Rees

HSF Kramer

Hagens Berman

Hangley Aronchick

Heyman Enerio

Horvitz & Levy

Jenner & Block

Kennedys Law LLP

Kiesel Law

King & Spalding

King & Wood Mallesons

Kirkland & Ellis

Klehr Harrison

Kleinbard LLC

Lanier Law Firm

Leach & Walker

Levi & Korsinsky

Lieff Cabraser

McDermott Will & Schulte

Merchant & Gould

Morgan Lewis

Motley Rice

Munger Tolles

Nilan Johnson

O'Melveny & Myers

Offit Kurman

Orrick Herrington

Panish Shea

Perkins Coie

Potter Anderson

Redgrave LLP

Richards Layton

Robins Kaplan

Saul Ewing

Scott&Scott

Smith Katzenstein

Stapp Law LLC

Sterne Kessler

Stinson LLP

Sullivan & Cromwell

Susman Godfrey

Wachtell Lipton

Wagstaff & Cartmell

Williams & Connolly

WilmerHale

Wilson Sonsini

COMPANIES IN TODAY'S NEWS

Accenture PLC

Amazon.com Inc.

American Association for Justice

American Civil Liberties Union

Apple Inc.

BDO LLP

BDO USA LLP

Comerica Inc.

Dell Technologies Inc.

Evenflo Co. Inc.

Exxon Mobil Corp.

Fifth Third Bancorp

Fort Point Capital

Geisinger Health System

Google LLC

Instagram Inc.

Jefferies Financial Group Inc.

Johnson & Johnson

Lawyers for Civil Justice

LexisNexis Legal & Professional

LinkedIn Corp.

Meta Platforms Inc.

Microsoft Corp.

Ohio State University

RELX PLC

Samsung Electronics Co. Ltd.

Snap Inc.

TikTok Inc.

Wilmington Trust Corp.

Wonderland Switzerland AG

YouTube Inc.

eBay Inc.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Cook County Circuit Court

Delaware Court of Chancery

Executive Office of the President

Federal Aviation Administration

Illinois Supreme Court

Judicial Conference of the United States

Patent Trial and Appeal Board

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 Third Circuit

U.S. Department of Justice

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 Delaware

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

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

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

U.S. Immigration and Customs Enforcement

U.S. Patent and Trademark Office

U.S. Securities and Exchange Commission

U.S. Supreme Court