JPMorgan Chase & Co. urged the Delaware Chancery Court on Wednesday to pause enforcement of an order requiring it to advance more than $20 million in disputed legal fees to convicted Frank founder Charlie Javice and former executive Olivier Amar, arguing the bank could permanently lose the money before it gets a chance to challenge the ruling.
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TOP NEWS

JPMorgan Seeks Stay Of $20M Javice, Amar Fee Order

By Jarek Rutz

JPMorgan Chase & Co. urged the Delaware Chancery Court on Wednesday to pause enforcement of an order requiring it to advance more than $20 million in disputed legal fees to convicted Frank founder Charlie Javice and former executive Olivier Amar, arguing the bank could permanently lose the money before it gets a chance to challenge the ruling.

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NJ Urges Justices To Resolve Kalshi Sports Betting Split

By Aislinn Keely

New Jersey regulators on Wednesday asked the U.S. Supreme Court to address the newly emerged circuit split around prediction market regulation, filing a long-awaited petition that challenged a Third Circuit decision blocking the state from pursuing Kalshi's sports event contracts as unlicensed bets.

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Luna Investor Seeks Merger Records Over White Hat Ties

By Jarek Rutz

A Luna Innovations Inc. stockholder has sued the fiber-optic technology company in the Delaware Chancery Court seeking internal records about its planned sale to an affiliate of private equity firm TJC LP, saying the documents are needed to investigate possible conflicts and whether common shareholders are being shortchanged.

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POLICY & REGULATION

NOAA Fisheries Lays Out Priorities For Trump Seafood Order

By Tom Lotshaw

The National Oceanic and Atmospheric Administration's fisheries division announced several dozen priorities to boost the U.S. seafood industry Wednesday, prompting one environmental group to call it a "depraved laundry list" of ways the Trump administration is willing to sacrifice ocean life.

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BANKRUPTCY COURT

AI Healthcare Co. Pushed Into Ch. 7 Amid Ex-Exec Dispute

By Yun Park

A former executive and two contractors have forced artificial intelligence-powered health technology provider Survey Health into a Chapter 7 proceeding in Delaware bankruptcy court, as the company contends with litigation the ex-employee brought against it.

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THIRD CIRCUIT

3rd Circ. Says 2nd Circ. Case Is No Cause To Review Deportation

By Ganesh Setty

The Third Circuit has upheld an immigration appeals board's denial of a noncitizen's latest challenge to his 2011 removal order following a drug conviction, finding a change in law from the Second Circuit doesn't warrant reopening or reconsidering his case.

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DISTRICT COURT

Fed. Circ. Backs Micron's PTAB Wins Over Netlist

By Dani Kass

Micron took home a series of wins at the Federal Circuit on Wednesday in its multifaceted patent battle against Netlist, with the court upholding invalidations of five computer memory patents.

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EXPERT ANALYSIS

Del. Dispatch: More Earnout Guidance From Chancery

The Delaware Court of Chancery's recent decision in Georgia Security Solutions v. NewCBN reaffirms that a procedure resembling a traditional accountant true-up will generally be interpreted as calling for an expert determination, not an arbitration, and highlights the need for clarity in drafting earnout provisions, say attorneys at Fried Frank.

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LEGAL INDUSTRY

Thomson Reuters Cyberattack Hits North American Courts

By Bonnie Eslinger

A recent cyberattack on Thomson Reuters' court management software affected files associated with court systems in 11 states, the U.S. Virgin Islands and Canada, and may have exposed sealed documents and individuals' personal information, according to a Wednesday announcement from the technology and information services company.

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Calif. Bill Regulating Atty AI Use Heads To Newsom's Desk

By Emily Sawicki

A bill regulating attorneys' and arbitrators' use of generative artificial intelligence has unanimously passed the California State Legislature and is headed to Gov. Gavin Newsom's desk.

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'Astonished' Homebuyer Says Atty Email Lapse Caused Hack

By Pete Brush

A New York City law firm has been ordered to provide internet security and login information to a homebuyer who claims she was left in "shock" when an impostor with access to her lawyer's email tricked her into wiring away over $730,000.

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House Rejects Amendment To Fix Court At 9 Justices

By Courtney Bublé

The House failed to pass a proposed constitutional amendment on Wednesday that would keep the number of U.S. Supreme Court justices at nine.

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Dems Call Subpoenas' Secrecy Request 'Abuse Of Authority'

By Aneeta Mathur-Ashton

Democratic lawmakers Sen. Ron Wyden, Ore., and Rep. Pramila Jayapal, Wash., have called for an investigation into subpoenas issued from federal law enforcement to private companies that contain nondisclosure provisions and carry threats of legal consequences for noncompliance.

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Tyson's Price-Fixing Deal Merits $27.5M Atty Fees, Buyers Say

By Dorothy Atkins

Beef direct purchasers asked a Minnesota federal judge Tuesday to award class counsel $27.5 million in fees, or one-third of Tyson's $82.5 million price-fixing settlement, arguing that the deal was reached after six years of hard-fought antitrust litigation and adds to another settlement, bringing the total recovery to $135 million.

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ABA Outlines Attys' Duties To Clients With Intellectual Limits

By Jack Karp

Attorneys have the same obligations to clients with decision-making limitations, should abide by those clients' decisions regarding their representation and must work to maintain an ordinary client-lawyer relationship as much as possible, the American Bar Association said in an opinion released Wednesday.

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LAW FIRMS IN TODAY'S NEWS

Ashurst Perkins

Cotchett Pitre

Davis Polk

Dykema Gossett

Fox Rothschild

Fried Frank

Greenberg Traurig

Gustafson Gluek

Hartley LLP

Hausfeld LLP

Irell & Manella

Kincaid Law PLLC

King & Spalding

Kobre & Kim

Law Offices of David Kaplan

Milbank LLP

Mintz Levin

MoloLamken

Moss & Moss LLP

Ogletree Deakins

Pashman Stein

Potter Anderson

Quinn Emanuel

Umberg & Zipser

COMPANIES IN TODAY'S NEWS

American Arbitration Association

American Bar Association

BARBRI

Cargill Inc.

Center for Biological Diversity Inc.

Evercore Inc.

Fortis Advisors LLC

JBS USA Holdings Inc.

JPMorgan Chase & Co.

LinkedIn Corp.

Luna Innovations Incorporated

Micron Technology Inc.

Nasdaq Inc.

National Beef Packing Co. LLC

Netlist Inc.

Samsung Electronics Co. Ltd.

State Bar of California

TJC LP

Thomson Reuters Corp.

Tyson Foods Inc.

UBS Group AG

GOVERNMENT AGENCIES IN TODAY'S NEWS

California legislature

Commodity Futures Trading Commission

Delaware Court of Chancery

Executive Office of the President

Fifth Judicial District of Pennsylvania

International Trade Commission

National Oceanic and Atmospheric Administration

New Jersey Attorney General's Office

New York Supreme Court, New York County

North Dakota Supreme Court

Ohio Supreme Court

Patent Trial and Appeal Board

U.S. Bankruptcy Court for the District of Delaware

U.S. Court of Appeals for the Federal 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 District of Minnesota

U.S. District Court for the District of New Jersey

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

U.S. Drug Enforcement Administration

U.S. Government Accountability Office

U.S. Immigration and Customs Enforcement

U.S. Securities and Exchange Commission

U.S. Supreme Court