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TOP NEWS Power Co.’s Bid To Shield Assets From Mass. Put On Hold
A Delaware bankruptcy judge on Friday postponed action on Starion Energy Inc.’s attempt to bar Massachusetts from potentially retaining millions of dollars of its assets as the state pursues a consumer protection action against the company for alleged deceptive marketing practices.
SEC Provides ‘Path To Compliance’ For Unregistered ICOs
The U.S. Securities and Exchange Commission settled two actions involving initial coin offerings Friday by levying its first fines against unregistered ICOs and requiring the companies to properly register the tokens as securities, outlining what the regulator later referred to as “a path to compliance with the federal securities laws going forward.”
Reinsurance Award Over Boy Scouts Molestation Cases OK'd
A Massachusetts federal judge on Friday confirmed a confidential arbitration award to certain Lloyd's of London underwriters following a reinsurance dispute with Century Indemnity Co. that stemmed from decades-old sexual molestation allegations involving the Boy Scouts of America.
13 States Urge 1st Circ. To Back Massachusetts' AR-15 Ban
The attorneys general for 13 states and the District of Columbia have filed an amicus brief with the First Circuit supporting Massachusetts' long-standing ban on assault weapons and large-capacity magazines, saying states have the right to pass gun restrictions to protect their residents.
Analysis Dem AG Gains May Spur State Financial Services Action
Democrats have strengthened their presence in state-level law enforcement after flipping the attorney general's office in several state in the midterm elections, gains that some financial services experts say could make for a tougher enforcement landscape for banks and other financial services firms.
12 AGs Call For End Of Policy Slowing Family Reunification
Attorneys general from 12 states have urged the Trump administration to promptly reverse a policy that has allegedly impeded the release of unaccompanied immigrant children from U.S. Department of Health and Human Services custody to their family members or designated sponsors in the U.S.
NY Says Funding Ban For Sanctuary Locales Unconstitutional
The state of New York, along with several other jurisdictions, pressed a Manhattan federal judge Friday to issue a nationwide injunction blocking the Trump administration from cutting off law enforcement funding for so-called sanctuary jurisdictions, arguing new conditions for the funds are unlawful and unconstitutional.
Limiting Cable Fees Is Harmful, Cities And Towns Tell FCC
A slew of large cities and small towns submitted comments to the Federal Communications Commission on Thursday opposing a new proposal to limit in-kind contributions to local franchising authorities, saying it violates the language of the Cable Communications Policy Act that allows localities to collect fees.
Bill Would Give FCC More Power To Punish Robocallers
A bipartisan pair of senators introduced legislation Thursday aimed at staunching the flood of robocalls to consumers’ phones, laying out harsher penalties against marketers and scammers who use automatic dialing devices and giving the Federal Communications Commission more power to go after lawbreakers.
Deals Rumor Mill: Tesaro, Eli Lilly, Technicolor
Tesaro is reportedly considering a sale, Eli Lilly and Co. is mulling selling off a Chinese off-patent drug portfolio, and Technicolor SA is weighing options including selling off part or all of the business.
Taxation With Representation: Jones Day, Simpson, Gibson
In this week’s Taxation With Representation, SAP SE inks an $8 billion cash deal for Qualtrics International Inc., Veritas Capital and Elliott Management affiliate Evergreen Coast Capital takes Athenahealth private for $5.7 billion, and Johnson Controls sells its power solutions business to Brookfield Business Partners for $13.2 billion.
The Latest On State And Federal Paid Family Leave Programs
Only four U.S. states currently require paid family leave programs, leaving private employers across most of the country with the decision of whether to provide such leave to their employees, says Kathryn Barcroft of Solomon Law Firm PLLC.
State Trust Taxes Ripe For Constitutional Challenges
Fielding v. Commissioner of Revenue is the most recent in a series of cases that have used the U.S. Constitution to curtail the ability of states to impose their income taxes on nongrantor irrevocable trusts. Toni Ann Kruse and Melissa Price of McDermott Will & Emery LLP discuss the implications of this trend.
Prospects For Tax Policy In The 116th Congress
Now that the results of the 2018 election are (mostly) in, Evan Migdail and Melissa Gierach at DLA Piper LLP consider what a Democratic House, Republican Senate and Trump administration may be able to accomplish in the way of tax policy during the lame-duck session and the upcoming 116th Congress.
State Net Voters, Courts Slowly Take Lawmakers' Redistricting Power
Thanks to the passage of ballot measures in this month's elections, Missouri, Colorado and Michigan have joined 13 other states that use independent commissions or other bipartisan or nonpartisan means to create legislative or congressional districts, or both, to combat gerrymandering, says Rich Ehisen of State Net Capitol Journal.
How Law Firms Are Preparing For The Next Recession
The last major U.S. recession struck the legal industry a decade ago, obliterating some law firms and putting a large number of lawyers out of work. Here are a few ways law firms are positioning themselves to not only survive, but thrive when the next big economic downturn hits. Senate Shake-Up Could Put Graham Atop Judiciary Panel
Sen. Chuck Grassley, R-Iowa, chairman of the Senate Judiciary Committee, announced Friday he will take over the Senate Finance Committee next Congress, setting the stage for Sen. Lindsey Graham, R-S.C., to take over the judiciary panel. Analysis Fla. High Court Gets 'Like' From Attys On Facebook Decision
The Florida Supreme Court's ruling Thursday that the mere existence of a Facebook friendship between a judge and litigator is not grounds for disqualification drew a “like" from attorneys who applauded the court for a narrow ruling that acknowledges the realities of social media relationships. Feature Meet The Judge Who Controls Fate Of ACA, Trump's AG
The Maryland federal judge in the extraordinary position to decide the future of both the Affordable Care Act and President Donald Trump’s acting U.S. attorney general is an evenhanded and genial jurist known for exhaustively analyzing legal issues, lawyers say. Facebook GC Staying For Now Despite Announced Departure
Facebook General Counsel Colin Stretch, who in July announced he would step down from the position at the end of the year, will stay on as the social media giant's top lawyer into 2019, the company said, as it continues to be involved in a slew of scandals that include investigations into its data privacy practices. Stevens & Lee Defends Staffer's Firing In Sex Bias Suit
Stevens & Lee PC says it had legitimate reasons to terminate a legal assistant who claims in a federal lawsuit that she was fired for trying to take advantage of family leaves to deal with medical complications she and her daughter faced as she returned to work after giving birth. Fla. High Court Nominee Process Can Continue, Justices Say
The Florida Supreme Court ruled Friday that the state's Judicial Nominating Commission, which is screening candidates for three soon-to-open seats on the high court, can continue with the process and does not have to wait until January to send names to the incoming governor. GC Cheat Sheet: The Hottest Corporate News Of The Week
A new survey of general counsel found that law department leaders are using more of their budget on internal legal services than on outside counsel, and Facebook Inc. announced it will no longer make its workers who claim they have been sexually harassed arbitrate their claims. 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: CNN v. Trump
On this week's episode of Pro Say, we take a closer look at CNN's win in a legal battle with President Trump over the White House's ban on reporter Jim Acosta.
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