Two law firms representing Camshaft Capital Fund LP and principal William Morton in the bankruptcy actions tied to the Chapter 11 of education tech company Byju's Alpha have petitioned a Delaware judge to approve their withdrawal as counsel, citing undisclosed Camshaft party failures to "uphold their obligations."
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TOP NEWS

Hogan Lovells, Saul Ewing Exit Camshaft's, Byju's Ch. 11 Fight

By Jeff Montgomery

Two law firms representing Camshaft Capital Fund LP and principal William Morton in the bankruptcy actions tied to the Chapter 11 of education tech company Byju's Alpha have petitioned a Delaware judge to approve their withdrawal as counsel, citing undisclosed Camshaft party failures to "uphold their obligations."

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3M Denied Quick Win In Earplug MDL Coverage Dispute

By Hope Patti

3M and its subsidiary Aearo Technologies can't get a quick win in their quest for coverage for hundreds of millions of dollars in defense costs paid in connection with underlying litigation alleging that their combat earplugs failed to protect the hearing of service members and veterans, a Delaware state court ruled.

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Del. Gov. Signs Hotly Contested Corp. Law Amendments

By Jeff Montgomery

Delaware Gov. John Carney signed into law on Wednesday state code amendments allowing corporations to cede some governance rights to stockholders, as well as some state corporate oversight to other jurisdictions.

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COURT OF CHANCERY

Chancery Again Spikes Biopharm Board Pay Deal, $600K Fee

By Jeff Montgomery

A Delaware vice chancellor on Wednesday rejected a second attempt by California-based Iovance Biotherapeutics Inc.'s board to settle a derivative suit challenging allegedly excessive compensation for non-employee directors, citing in part a seeming "end-run" around earlier proposed reforms.

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SPAC Investor Sues Battery Co. In Del. Over Held-Back Shares

By Leslie A. Pappas

A Florida-based hedge fund that invested in a blank-check company that took battery company Solidion Technology Inc. public has sued for breach of contract in Delaware's Court of Chancery, alleging the company is refusing to issue more than 9.54 million shares of stock that are due under pre-merger agreements.

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Telecom Co. Stockholder Seeks Fees For Beefing Up Proxy

By Leslie A. Pappas

A shareholder of Consolidated Communications Holdings Inc. is suing for his legal fees in Delaware's Court of Chancery, saying he brought "substantial" benefits to shareholders by forcing extra disclosures about the company's pending $3.1 billion merger with Searchlight Capital Partners LP and the British Columbia Investment Management Corp.

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Politan Sues Masimo Over Delayed Board Election Meeting

By Lauren Berg

Activist investment firm Politan Capital Management LP launched a lawsuit Wednesday against Masimo Corp. in Delaware Chancery Court just days after the medical technology company accused it of violating securities laws by trying to gain control of Masimo through a proxy contest that duped Masimo shareholders using "lies and deceit."

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BANKRUPTCY COURT

Yellow Corp. Says It Has No Pension Withdrawal Liabilities

By Yun Park

Bankrupt trucking firm Yellow Corp. hit back at a motion for summary judgment sought by multiple pension funds including Central States Pension Fund, telling a Delaware bankruptcy court that it has no withdrawal liability for backing out of a multistate pension fund for truckers.

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THIRD CIRCUIT

PJM Jumps Into 3rd Circ. Row Over Transmission Project

By Tom Lotshaw

A Pennsylvania commission's request to have the Third Circuit reinstate its rejection of a power transmission project would impinge on PJM Interconnection's federally mandated planning process, the regional grid operator said in an amicus brief filed Wednesday.

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EXPERT ANALYSIS

Opinion

Now More Than Ever, Lawyers Must Exhibit Professionalism

As society becomes increasingly fractured and workplace incivility is on the rise, attorneys must champion professionalism and lead by example, demonstrating how lawyers can respectfully disagree without being disagreeable, says Edward Casmere at Norton Rose.

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LEGAL INDUSTRY

Feature

NY Courts Limit Access To Ethics Data, Violating Own Rules

By Frank G. Runyeon

After a decade of widespread noncompliance with income and gift reporting rules, the New York court system's Ethics Commission has refused to publicly release all judges' annual financial disclosures, which safeguard against conflicts of interest, corruption and ethics lapses.

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Florida Opts To Use NextGen Bar Exam Starting In 2028

By Madison Arnold

Florida will adopt a new bar exam test component, known as the NextGen Bar Exam, from the National Conference of Bar Examiners beginning July 2028, the state's board of bar examiners announced Thursday.

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Analysis

Menendez Appeal Could Make Hay From Bribery Case Law

By Cara Salvatore

Sen. Robert Menendez's planned "aggressive" appeal will almost certainly include broadsides against his novel foreign-agent conviction and attempt to capitalize on the U.S. Supreme Court's proven appetite for bribery cases, experts say.

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Hunter Biden Wants Charges Tossed After Trump Docs Ruling

By Lauren Berg

Hunter Biden on Thursday asked federal judges in Delaware and California to throw out his conviction on felony gun charges and to toss other charges of tax evasion, citing a Florida federal judge's order disqualifying the special prosecutor in Donald Trump's classified documents case.

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Ex-BigLaw Atty Gets Nearly 2 Years For Election Crimes

By Chris Villani

A former BigLaw attorney was sentenced to 21 months in prison Thursday after being convicted of campaign finance violations tied to a failed run for U.S. Congress, with a Boston federal judge citing the defendant's legal acumen and experience as a law clerk as evidence he "should have known" better.

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Crypto Law Firm's SEC Challenge Met With Doubt At 9th Circ.

By Aislinn Keely

A Ninth Circuit panel appeared skeptical Thursday of a law firm's quest for a judgment that its use of the crypto asset ether doesn't offend securities laws, questioning whether the firm has shown it faces enough of a threat from the U.S. Securities and Exchange Commission to keep its case against the regulator alive.

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Judge 'Not Optimistic' Houston Firm's PPP Suit Will Succeed

By Catherine Marfin

A Texas federal judge said Thursday he would give a Houston law firm another chance to make its case that the U.S. Small Business Administration was wrong in denying the firm's bid for loan forgiveness under a COVID-19-era relief program, but noted he was "not really optimistic" the firm would be able to succeed with its suit.

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Healthcare Co. Says Fired In-House Atty Lacks Standing To Sue

By Sue Reisinger

Kidney care company Panoramic Health has urged a Colorado federal judge to toss a former assistant general counsel's lawsuit that claims she was fired for raising concerns about violations of federal anti-kickback statutes.

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LAW FIRMS IN TODAY'S NEWS

Ashby & Geddes

Balaguer Milewski

Bayard PA

Cadwalader Wickersham

Chipman Brown

Clyde & Co

Cooch & Taylor

Coughlin Midlige

Covington & Burling

Cozen O'Connor

Dalton & Associates PA

Geragos & Geragos

Goulston & Storrs

Heyman Enerio

Hogan Lovells

Holland & Knight

Jenner & Block

Kirkland & Ellis

Latham & Watkins

Lavin Rindner

Leventhal Lewis

Meagher & Geer

Meluney Alleman

MoloLamken

Monteverde & Associates

Morris James

Morris Kandinov

Morris Nichols

Morrison Foerster

Newman Ferrara

Norton Rose

O'Melveny & Myers

Pachulski Stang

Paul Hastings

Phillips McLaughlin

Post & Schell

Quinn Emanuel

Ramey LLP

Richards Layton

Ross Aronstam

Ruggeri Parks

Saul Ewing

Saxena White

Schulte Roth

Sidley Austin

Skarzynski Marick

Smith Katzenstein

Stewart Smith

White & Case

Winston & Strawn

Wohl & Fruchter

Young Conaway

COMPANIES IN TODAY'S NEWS

3M Co.

Agilent Technologies Inc.

Amegy Bank NA

American Bar Association

Centene Corp.

Central States Funds

Coinbase Global Inc.

Consolidated Communications Holdings Inc.

Delaware State Bar Association

Ethereum GmbH

Hilton Worldwide Holdings Inc.

Illinois State Bar Association

Iovance Biotherapeutics Inc.

Masimo Corp.

Moelis & Co.

Nardello & Co. LLC

New York State Bar Association

PJM Interconnection LLC

Panoramic Health

Searchlight Capital Partners LP

Stryker Corp.

The Florida Bar

Wildcat Capital Management

World Economic Forum

Yellow Corp.

Zions Bancorp.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Delaware Court of Chancery

Federal Bureau of Investigation

Federal Energy Regulatory Commission

Florida Supreme Court

Illinois Supreme Court

New York State Unified Court System

Pennsylvania Public Utility Commission

Pension Benefit Guaranty Corp.

Small Business Administration

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

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

U.S. Attorney's Office for the Southern District of Texas

U.S. Bankruptcy Court for the District of Delaware

U.S. Court of Appeals for the Ninth Circuit

U.S. Court of Appeals for the Third Circuit

U.S. Department of Agriculture

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

U.S. District Court for the District of Delaware

U.S. District Court for the District of Massachusetts

U.S. House of Representatives

U.S. Securities and Exchange Commission

U.S. Supreme Court

United States District Court for the District of Colorado

World Bank Group