An Illinois federal judge dismissed a proposed class action Friday that accused Northwestern University of botching its handling of workers’ retirement savings, making the case the second in a recent wave of Employee Retirement Income Security Act lawsuits against prestigious universities to be thrown out.
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TOP NEWS

Northwestern Beats 'Paternalistic' ERISA Class Action

An Illinois federal judge dismissed a proposed class action Friday that accused Northwestern University of botching its handling of workers’ retirement savings, making the case the second in a recent wave of Employee Retirement Income Security Act lawsuits against prestigious universities to be thrown out. Read more »

Ulta Stock-Drop Suit Lead Hopefuls Fight Over Who Lost Most

Law firms hoping to lead a proposed class action over stock drops supposedly caused by Ulta Beauty Inc.'s alleged failure to disclose its selling of repackaged beauty products pounced on each other's bid for the designation Thursday, with counsel for a group of investors telling an Illinois federal judge that their clients lost more than double the two opposing movants combined. Read more »

7th Circ. Nixes Suit Over NHL Player's Death

A Seventh Circuit panel Friday affirmed the dismissal of a wrongful death lawsuit the parents of deceased ice hockey player Derek Boogaard brought against the NHL, finding the lower court rightly tossed the suit after the family did not respond to one of the NHL’s arguments. Read more »

Feature

Stakes High As GSK Takes Generics Liability Row To 7th Circ.

As the Seventh Circuit gears up to hear oral arguments Wednesday in a suit against GlaxoSmithKline over the suicide of an attorney who was taking a generic version of the antidepressant Paxil, experts say the end result could be a circuit split that pushes the U.S. Supreme Court to decide whether branded pharmaceutical companies should carry liability for generic versions of their drugs. Read more »

ENFORCEMENT

CME Fines Wells Fargo Unit For Alleged Trading Abuse

Exchange operator CME Group Inc. penalized Wells Fargo Securities LLC on Friday for allegedly violating its trading rules by hedging block trades in the futures market, ordering the capital markets and investment banking services unit to pay a $70,000 fine and disgorge more than $117,000 under a settlement offer. Read more »

LITIGATION

Sinclair Withheld Info On Divestitures, Cable Group Says

The American Cable Association slammed Sinclair Broadcasting Group for withholding information regarding its plan to divest several broadcast stations in order to bring its proposed merger with Tribune Media Inc. into compliance with media ownership rules, urging the Federal Communications Commission on Thursday to demand more information from the company. Read more »

Online Thrift Store Didn't Warn Of Mass Layoff, Suit Says

Swap.com Inc. was hit with a proposed class action in Illinois federal court Friday alleging that the online consignment and thrift store violated federal employment law by laying off nearly 200 workers without giving them proper notice. Read more »

Discovery Next In Ill. Suit Over Sick Casino Worker's Firing

An Illinois federal judge on Friday refused to immediately let a Chicago-area casino out of an employment lawsuit over a worker who was allegedly fired after asking for additional leave to receive cancer treatment. Read more »

TAX

Taxation With Representation: Davis Polk, Wachtell, Hogan

In this week’s Taxation with Representation, Wabtec merged with General Electric’s transportation unit in an $11.1 billion deal, NextEra snapped up Southern Co.'s Florida utilities for $6.48 billion, MB Financial and Fifth Third merged in a $4.7 billion deal, and Adobe acquired Magento for $1.68 billion. Read more »

CAPITAL MARKETS

Biotechs Lead Wave Of New IPOs Filling June Pipeline

A wave of venture-backed biotechnology and health care companies are lining up initial public offerings that could price in June, including at least eight that filed plans during the week of May 21, leading more than a dozen IPO prospects set to reignite deal flow in the coming weeks. Read more »

EXPERT ANALYSIS

Getting The Snaps And Tweets Into Evidence

Litigants who proffer data obtained from social networking sites like Facebook, Twitter and Instagram must authenticate that data before it will be admitted as evidence. Attorneys with Pepper Hamilton LLP examine decisions from Pennsylvania and other jurisdictions to determine whether courts are imposing a more demanding standard for social media data than other documentary evidence. Read more »

LEGAL INDUSTRY

Feature

3 Things You Need To Know When Starting Out In BigLaw

There are numerous opportunities and pitfalls that lie in store for new associates as they enter BigLaw, yet many of the intricacies of navigating the inner workings of a large law firm are not taught in school, leaving many lawyers to fend for themselves to learn by trial and error. Here, BigLaw veterans reflect on some of the actions incoming attorneys can take to make the best of their early days at a firm. Read more »

Ex-BigLaw Atty Convicted Of Wife's Murder Faces Civil Suit

The former Fisher Phillips employment partner sentenced to life in prison earlier this week for the shooting death of his wife has been hit with a civil lawsuit in Georgia state court by the administrator of his wife’s estate. Read more »

Feature

GC Cheat Sheet: The Hottest Corporate News Of The Week

The European Union’s new data protection regime went into effect, the U.S. House of Representatives voted to loosen regulations for thousands of community banks and regional lenders, and the U.S. Supreme Court sided with employers in class action arbitration cases. These are some of the stories in corporate legal news you may have missed in the past week.​ Read more »

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. Read more »

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Skadden

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Vedder Price

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WilmerHale

Womble Bond Dickinson

COMPANIES

AARP Inc.

Adobe Systems Incorporated

American Cable Association

Apple Inc.

Avalara Inc.

BJ's Wholesale Club, Inc.

BMO Capital Markets Corp.

Bank of America Corporation

CME Group Inc.

Cathay Pacific Airways Ltd.

Dynamex, Inc.

Epic Systems Corp.

Ernst & Young

Facebook

Fifth Third Bancorp

Florida Power & Light Co.

GE Transportation LLC

General Electric Company

GlaxoSmithKline

Goldman Sachs Group Inc.

Hillhouse Capital Group

Instagram Inc.

International Finance Corp.

JPMorgan Chase & Co.

Kimberly-Clark Corporation

MB Financial Inc.

Minnesota Wild

Mizuho Securities Co. Ltd.

Morgan Stanley

Murphy USA Inc.

Mylan NV

NASDAQ OMX Group Inc.

National Association of State Regulatory Utility Commissioners

National Hockey League

Nestle

New York Rangers

NextEra Energy Inc.

Permira

PhRMA

Piper Jaffray Companies

Praxair, Inc.

Renaissance Capital

Rosetta Stone Inc.

State Bar of California

TIAA

The Southern Company Inc.

Tribune Media Co.

Twitter Inc.

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Wells Fargo & Co.

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