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TOP NEWS POLICY & REGULATION COURT OF CHANCERY SUPREME COURT SUPERIOR COURT BANKRUPTCY COURT THIRD CIRCUIT DISTRICT COURT DEALS PEOPLE Enviro Co. Owes Ex-Officers Legal Fees, Chancery Hears
Two former officers of industrial and environmental cleanup services company USES Corp. filed suit Friday in Delaware Chancery Court seeking to have the company pay legal fees they incurred in connection with a New York lawsuit over the 2014 purchase of the company.
Samuels Jewelers Consignor Asks For Inventory Protections
A consignor that provides inventory to bankrupt retailer Samuels Jewelers Inc. objected Friday to the debtor's proposed asset sale plan, saying its consigned goods would be included in the sale despite the debtor not owning that inventory.
Pharma Investor Says $180M Deal Proxy Lacks Key Info
A shareholder of intravenous pain medication developer Avenue Therapeutics Inc. filed suit in Delaware federal court Thursday against the company’s directors alleging a proxy statement describing a $180 million acquisition of the company is misleading due to the omission of material information.
Zynga Settles Chancery Insider Stock Sale Suit For $11.25M
A once-dismissed derivative suit targeting insider trading in 2012 by directors of online game maker Zynga Inc. ended in Chancery Court Friday with an $11.25 million settlement for the company and pruned fee awards for the lead stockholder and class attorneys.
3rd. Circ. Sinks Appeal Over Cruise Ship Border Port Search
The Third Circuit on Friday rejected Fourth Amendment and tort challenges to searches of three cruise ship passengers that took place two days after the court issued a 2008 precedential finding — involving the same vessel — that onboard searches at U.S. borders require “reasonable suspicion.”
Limited's Ch. 11 Trustee Sues Sun Capital Over $42M Transfer
The trustee for The Limited Stores Co. LLC’s Chapter 11 has sued companies owned by private equity firm Sun Capital Partners Inc., saying the companies took $42 million from the struggling women’s clothing retailer and sent it into bankruptcy.
Beauty Brands Gets More Time To Review Ch. 11 Sale Offer
Bankrupt cosmetics retailer Beauty Brands LLC on Friday received more time to review an offer to acquire 23 of its stores and continue operating them as a going concern as an alternative to a proposed stalking horse bid in its Chapter 11 that calls for a chainwide liquidation.
State Net How States Are Preparing For The Next Recession
It’s been nine and a half years since the last U.S. recession, and the economy still appears to be going strong. But there are signs trouble may not be far off. The good news for states is that most seem reasonably well prepared for it, says Korey Clark of State Net Capitol Journal.
Settlement Counsel Key For Efficient Mass Tort Resolution
Team-based specialization in mass tort litigation defense allows each member to draw on individual strengths, maximizing their contribution. A core tenet of this approach is using settlement counsel to focus on strategic initiatives and end-game resolution efforts, separate from the heated battle lines of the litigation, say attorneys at Faegre Baker Daniels.
Analysis Skadden's Deal With DOJ Comes With Woes For Greg Craig
Skadden Arps Slate Meagher & Flom LLP called its $4.6 million deal with the U.S. Department of Justice “closure” after failing to register its lobbying work for the Ukrainian government, yet experts say the settlement actually exposes serious legal risks faced by ex-partner Greg Craig and potentially others. Analysis Skadden Began Ukraine Work With Caution, Ended It In Lies
Emails released by the U.S. Department of Justice show how Skadden Arps Slate Meagher & Flom LLP lawyers slowly abandoned caution toward a foreign lobbying law and began openly lying to federal investigators during their engagement with the Ukrainian government from 2012 to 2013. Analysis Skadden Deal Shows DOJ's FARA Focus Shifting To High Gear
The settlement announced Thursday between Skadden Arps Meagher & Flom LLP and the U.S. Department of Justice is the latest sign of increased enforcement of the current Foreign Agent Registration Act, even as efforts to update the law have gone nowhere. Analysis For Skadden's Brand, Ukraine Scandal A Shot Across The Bow
Skadden’s unregistered lobbying work for the Ukrainian government has cost the law firm $4.6 million in a settlement with the U.S. Department of Justice, but could the debacle cost the firm even more in reputational damage? How Skadden's Foreign Agent Scandal Unfolded
Skadden Arps Slate Meagher & Flom LLP has agreed to pay a $4.6 million settlement with the U.S. Department of Justice for failing to register as a foreign agent. Here, we look at how the firm got to this point. Feature Could A Tougher Standard For Law Schools Hurt Diversity?
The American Bar Association’s governing body is poised to vote later this month on a proposal to create stricter standards for law school bar passage rates, a move some say could have a negative impact on the diversity of the legal profession. Fed. Circ. To Remain Open During Shutdown
The Federal Circuit said in an order published on Friday that it would remain open during the partial government shutdown, with all deadlines remaining in place and all oral arguments proceeding as scheduled, as the federal courts brace themselves to run out of available funds within the coming days. GC Cheat Sheet: The Hottest Corporate News Of The Week
Two new reports found that in-house lawyers are increasingly looking for nontraditional perks such as flexible work arrangements and paid meals in addition to hefty bonuses, and that law firm leaders in the new year are overall fairly confident about their own shops' prospects but have more gloomy predictions about the domestic and global economies. These are some of the stories in corporate legal news you may have missed in the past week. 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. Podcast Law360's Pro Say LIVE: SDNY Chief Talks Women In The Law
This week the Pro Say podcast is live from the New York State Bar Association's annual meeting, talking with the chief judge of the Southern District of New York about how women are faring in the legal profession. Judge Orders Blue Cross Attys To Shape Up In Antitrust MDL
The Alabama federal judge overseeing sweeping antitrust litigation against the Blue Cross Blue Shield network has said he can no longer wait for the insurance giant’s army of lawyers to marshal themselves into a more manageable group, ordering a dozen attorneys into a "Council of Twelve" to streamline a leadership plan. Feature Behind The Scenes, #TimesUp Fund Gets To Work
The TimesUp Legal Defense Fund, born of a social media hashtag, has grown to $24 million and is so far funding sexual harassment litigation, defamation defense, and public relations on behalf of dozens of women. But most of its work is taking place behind the scenes.
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