The Delaware Chancery Court wrapped up last week with a mix of deal litigation, governance fights and disclosure battles, including a proposed settlement over a contested medical device sale, a merits dismissal tied to a $2 billion biotech exit and dueling lawsuits over Paramount Skydance's pursuit of Warner Bros. Discovery.
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WEDNESDAY, JANUARY 21, 2026 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

Catching Up With Delaware's Chancery Court

By Jarek Rutz

The Delaware Chancery Court wrapped up last week with a mix of deal litigation, governance fights and disclosure battles, including a proposed settlement over a contested medical device sale, a merits dismissal tied to a $2 billion biotech exit and dueling lawsuits over Paramount Skydance's pursuit of Warner Bros. Discovery.

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Delaware Supreme Court Reverses Moelis Governance Ruling

By Jarek Rutz

The Delaware Supreme Court on Tuesday reversed a Chancery Court ruling that had invalidated key provisions of Moelis & Co.'s stockholder agreement, holding that the challenged governance provisions were not void but merely voidable, and that a stockholder challenge brought nearly nine years later was time-barred.

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Brief

Blockchain Co. Ran Covert Takeover Scheme, Suit Says

By Emilie Ruscoe

A digital infrastructure company on Tuesda sued a purported blockchain company and associated individuals, asserting they tried "to surreptitiously take over" the infrastructure company, filing misleading disclosures as they amassed shares of their target.

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Analysis

Justices To Clarify What's Fair Game With 'Skinny Labels'

By Ryan Davis

A new U.S. Supreme Court patent case that will require the justices to spell out what generic-drug makers can say when marketing drugs with so-called skinny labels will shape whether and how those companies use the tactic of carving out patented uses from labels, attorneys say.

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Law360 Names Firms Of The Year

By Kevin Penton

Eight law firms have earned spots as Law360's Firms of the Year, with 48 Practice Group of the Year awards among them, achieving milestones such as high-profile litigation wins at the U.S. Supreme Court and 11-figure merger deals.

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U.S. SUPREME COURT

Justices Say State Med Mal Laws Don't Apply In Federal Court

By Y. Peter Kang

The U.S. Supreme Court on Tuesday ruled that a Delaware medical malpractice statute clashes with federal rules of procedure and is therefore unenforceable in federal court, saying the state law unfairly asks for evidence early on in a case.

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SUPERIOR COURT

Ex-Med Spa Workers Say Poaching Claims Can't Stay In Conn.

By Aaron Keller

Two former Connecticut medical spa workers have asked a judge to dismiss claims they lured clients and a colleague to a nearby competitor, saying their employment agreements select Delaware as the necessary forum and venue for any dispute.

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BANKRUPTCY COURT

FTX Trust Hit With Sanctions After Ch. 11 Donation Fight Loss

By Vince Sullivan

The FTX Recovery Trust is facing sanctions after losing its bid to claw back a $650,000 bonus given to an investor in the defunct cryptocurrency exchange that was earmarked for charitable purposes, with a Delaware bankruptcy judge saying the trust's efforts were harmful to all parties involved.

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THIRD CIRCUIT

3rd Circ. Sides With Doctor In Exam Question Copyright Suit

By Elliot Weld

The Third Circuit has affirmed a win for a doctor who was sued for copyright infringement by the American Board of Internal Medicine after emailing test materials to a test preparation company, saying there was not sufficient evidence that improper copying had occurred.

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NLRB Pushes Contempt For Pittsburgh Paper's Defiance

By Braden Campbell

The ailing Pittsburgh Post-Gazette is still defying the Third Circuit's order to restore newsroom workers it railroaded in collective bargaining to their old healthcare plan, the National Labor Relations Board said Tuesday in a renewed motion to hold the newspaper in contempt of the March 2025 ruling.

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LEGAL ETHICS & MALPRACTICE

McCarter & English Knocks Down Biotech Malpractice Appeal

By Madison Arnold

A New Jersey appellate court on Tuesday upheld the dismissal of a biotech company's malpractice and related claims against McCarter & English LLP, finding the biotech company was required to bring those allegations during the firm's earlier suit to recover more than $837,000 in unpaid legal fees.

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DISTRICT COURT

Comulate Alleges Anticompetitive Tactics By Applied Systems

By Matthew Perlman

A maker of software for insurance brokers has further escalated its dispute with rival Applied Systems Inc., lodging a new lawsuit in Illinois federal court over an alleged campaign to eliminate a competitor it was unable to acquire.

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EXPERT ANALYSIS

Navigating Privilege Law Patchwork In Dual-Purpose Comms

Three years after the U.S. Supreme Court declined to resolve a circuit split in In re: Grand Jury, federal courts remain split as to when attorney-client privilege applies to dual-purpose legal and business communications, and understanding the fragmented landscape is essential for managing risks, say attorneys at Covington.

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LEGAL INDUSTRY

Willkie Accused Of Aiding $735M Fraud In Buyout Deal

By Katryna Perera

Willkie Farr & Gallagher LLP on Tuesday was accused of aiding a $735 million fraud carried out by an investment manager to secure financing for a 2023 take-private transaction involving Franchise Group Inc., which was then used to pay off the manager's personal debts.

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Goldstein Poker Pals Got Money From Firm, Witness Says

By Jared Foretek

A former office manager at Thomas Goldstein's law firm Tuesday told the jury in his tax fraud trial in Maryland federal court that hundreds of thousands of dollars in wire transfers sent to the U.S. Supreme Court lawyer's poker counterparts were classified as business transactions in documents used by the firm's tax accountants.

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McDonald Hopkins Forms Practice Group For Law Firm MSOs

By Emma Cueto

Midwestern firm McDonald Hopkins LLC announced Tuesday that it has launched a practice group focused on handling deals between law firms and prospective private equity investors, which the firm said is a natural extension of its work on litigation funding deals and private equity investment in other professional services.

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Ex-DOJ Attys Describe Fallout From Trump Takeover

By Stewart Bishop

Former federal prosecutors who resigned or were fired from the U.S. Department of Justice over the last year spoke Tuesday of their dismay over political interference at the department by the Trump administration, but largely expressed confidence that the DOJ could recover in time.

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Shooting Of Indiana Judge, Wife Prompts Call For Vigilance

By Lynn LaRowe

The shooting of an Indiana Superior Court judge and his wife over the weekend has prompted the chief of the state's highest court to urge all jurists in the Hoosier State to "remain vigilant in your security."

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Ex-Girardi Keese Atty To Take Plea Deal In Chicago Case

By Rae Ann Varona

Former Girardi Keese attorney Keith Griffin will take a plea deal in a case accusing him of helping Tom Girardi violate court orders and covering up the theft of client funds, according to a minute entry entered Friday in Illinois federal court.

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Lindsey Halligan Out As US Atty As Judge Criticizes 'Charade'

By Courtney Bublé

U.S. Attorney General Pam Bondi said Tuesday that Lindsey Halligan's 120-day term as U.S. attorney for the Eastern District of Virginia is over, the same day a Virginia federal judge criticized "this charade of Ms. Halligan masquerading" in a role in which she was not lawfully serving.

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Justice Jackson Slams Fee Waiver Ban For Indigent Prisoners

By Brandon Lowrey

The U.S. Supreme Court Tuesday rejected three pro se indigent prisoners' bids to file petitions to the court without fees and permanently barred them from seeking fee waivers from the high court, decisions that Justice Ketanji Brown Jackson called "foolish" in a passionate dissent.

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Supreme Court Rules Mandatory Restitution Is Punitive

By Phillip Bantz

The U.S. Supreme Court held in a unanimous opinion Tuesday that restitution is a criminal punishment subject to the Constitution's ban on increasing punishment retroactively.

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Feature

John Roberts Welcomes John Roberts To Supreme Court

By Jeff Overley

U.S. Supreme Court advocates have tips galore for staying calm at a debut argument, including diligent preparation, mindful breathing and treating the event as a conversation. But a Proskauer Rose LLP attorney benefited Tuesday from a distinctive development: the chief justice's introductory jest about the two of them not being related.

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Justices Ax 6th Circ. Abortion Order Amid Loper Bright Outcry

By Jeff Overley

The U.S. Supreme Court on Tuesday erased a Sixth Circuit decision allowing abortion-related conditions on family planning grants, a victory for Tennessee officials who accused the circuit of flouting the high court's landmark rejection of judicial deference to regulators.

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NJ Justices Sharply Limit Attorney Liability To Nonclients

By Carla Baranauckas

The New Jersey Supreme Court adopted a formal framework on Tuesday for determining when attorneys owe a duty of care to nonclients, affirming that estate lawyers generally cannot be sued for malpractice by disappointed heirs without clear proof the lawyer was engaged to benefit them directly.

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AI Firm Countersues Legal Publisher For Breach Of Contract

By Adam Lidgett

Artificial intelligence startup Alexi Technologies has accused Fastcase Inc. and its owner of weaponizing the legal system after the legal research firm filed a lawsuit in November claiming the AI company breached a former business relationship.

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Justices Set Time Limit To Ax Judgments, Ending 11-1 Split

By Jeff Overley

Almost every circuit court has wrongly allowed litigants to vacate invalid judgments regardless of how long ago the judgments became final, the U.S. Supreme Court ruled Tuesday, endorsing one circuit's outlier interpretation of a decades-old procedural rule.

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Brief

Supreme Court Security Gets $30M Boost In DHS Bill

By Courtney Bublé

The consolidated U.S. Department of Homeland Security funding bill for fiscal year 2026 released early Tuesday morning includes $30 million for the security of U.S. Supreme Court justices.

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LAW FIRMS IN TODAY'S NEWS

A&O Shearman

Akerman LLP

Arnold & Porter

Ballard Spahr

Cohen Milstein

Cooley LLP

Covington & Burling

Cravath Swaine

Crowell & Moring

Davis Polk

Day Pitney

Debevoise & Plimpton

Dechert LLP

Desmarais LLP

Dykema

Edelson PC

Elsberg Baker

Elzufon Austin

Erise IP

Finnegan

Freshfields

Gibson Dunn

Girardi & Keese

Goldstein & Russell

Goodwin Procter

Hogan Lovells

Irell & Manella

Jubelirer Pass

Kirkland & Ellis

Knobbe Martens

Labaton Keller

Landis Rath

Latham & Watkins

Lewis Brisbois

Littler Mendelson

Marshall Dennehey

McCarter & English

McDermott Will & Schulte

McDonald Hopkins

McDonnell Boehnen

Meritz Reddy

Mescall Law PC

Milbank LLP

Miller Shakman

Morris Nichols

Munger Tolles

Nagel Rice

O'Melveny & Myers

Olshan Frome

Orrick Herrington

Pillsbury Winthrop

Proskauer Rose

Pullman & Comley

Richards Layton

Ruloff Swain

Saxena White

Sidley Austin

Simpson Thacher & Bartlett LLP

Skadden Arps

Steptoe LLP

Sullivan & Cromwell

Thompson Burton

Vinson & Elkins

Wachtell Lipton

Weil Gotshal

Werksman Jackson

Wheeler Trigg

Williams & Connolly

Willkie Farr

WilmerHale

Wilson Sonsini

Winston & Strawn

Wollmuth Maher

COMPANIES IN TODAY'S NEWS

Aetna Inc.

Air Lease Corp.

American Bar Association

American Clinical Laboratory Association

American Federation of Labor & Congress of Industrial Organizations

American Water Works Company Inc.

Apollo Global Management LLC

Applied Systems Inc.

Avidity Biosciences

B. Riley Financial Inc.

BDO USA LLP

Bayer AG

Bioness Inc.

Bioventus

BlackRock Inc.

Bloomingdale's Inc.

Chevron Corp.

Drummond

Electronic Arts Inc.

Elliott Investment Management LP

FirstEnergy Corp.

Fort Point Capital

Global Infrastructure Partners

Hikma Pharmaceuticals PLC

IAM National Pension Fund

Intra-Cellular Therapies Inc.

Johnson & Johnson

KBR Inc.

Lee Memorial Health System

Macquarie Group Ltd.

Mednax Inc.

Meta Platforms Inc.

Moelis & Co.

NVIDIA Corp.

Netflix Inc.

New York City Bar Association

Norfolk Southern Corp.

Northeastern University

Novartis AG

Novo Nordisk A S

Papa John's International Inc.

Pfizer Inc.

ROSS Intelligence

SMBC Aviation Capital Ltd.

Sanmina Corp.

Skydance Media LLC

Smith & Nephew plc

State Teachers Retirement System of Ohio

Sycamore Partners Management LLC

TelexFree LLC

The American Law Institute

The Boeing Co.

The Newspaper Guild

The PNC Financial Services Group Inc.

Themis Solutions Inc.

Thomson Reuters Corp.

Ulta Beauty Inc.

United Services Automobile Association

Vividion Therapeutics Inc.

Walgreens Boots Alliance Inc.

Warner Bros. Discovery Inc.

Warner Bros. Entertainment Inc.

Wells Fargo & Co.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Delaware Court of Chancery

Delaware Department of State

Equal Employment Opportunity Commission

Federal Bureau of Investigation

Federal Communications Commission

Food and Drug Administration

Indiana Supreme Court

National Labor Relations Board

New Jersey Supreme Court

New York Attorney General's Office

New York Supreme Court, New York County

Patent Trial and Appeal Board

Social Security Administration

Tennessee Attorney General's Office

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

U.S. Attorney's Office for the Eastern District of Virginia

U.S. Attorney's Office for the Northern District of Illinois

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 Eighth Circuit

U.S. Court of Appeals for the Ninth Circuit

U.S. Court of Appeals for the Second Circuit

U.S. Court of Appeals for the Seventh Circuit

U.S. Court of Appeals for the Sixth Circuit

U.S. Court of Appeals for the Tenth Circuit

U.S. Court of Appeals for the Third Circuit

U.S. Department of Commerce

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 Massachusetts

U.S. District Court for the District of South Carolina

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

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

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

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

U.S. Patent and Trademark Office

U.S. Securities and Exchange Commission

U.S. Supreme Court

United States District Court for the Northern District of Oklahoma

United States District Court for the Southern District of Ohio