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TOP NEWS Adidas Exec Didn't Take One Nickel Out Of Greed, Jury Told
The former Adidas marketing boss charged with defrauding National Collegiate Athletic Association schools by paying young basketball stars on the sly didn't take any payout — not "one nickel" — for the alleged criminal conduct, his lawyer told a Manhattan jury on Thursday, rejecting prosecutors' assertion that he was motivated by greed.
Ex-USA Gymnastics CEO Charged With Evidence Tampering
The former president and CEO of USA Gymnastics has been arrested in Tennessee after a Texas grand jury indicted him on charges of tampering with evidence during the federal investigation into convicted sexual abuser and former sports doctor Larry Nassar.
Ex-F1 Boss Settles US Private Equity Firm's Bribery Claim
Former Formula One chief executive Bernie Ecclestone has settled a U.K. lawsuit from an American private equity firm claiming he bribed a BayernLB official to ensure the German lender would sell its stake in the motor racing championship to a competing private equity company.
Ex-Microsoft Exec Profited Off Super Bowl Tickets, DOJ Says
Microsoft’s former director of sports marketing and alliances has been indicted on wire fraud charges for selling $200,000 worth of Super Bowl tickets paid for by the software giant and pocketing a fraudulent $750,000 invoice, prosecutors announced Wednesday.
Calif. VC Adviser Wins Nod For SEC Settlement
A California federal judge signed off Wednesday on a deal cut by an investment advisory firm's founder with the U.S. Securities and Exchange Commission in a suit alleging he overcharged investors by $7 million to finance his own personal expenses and pet projects.
FCC Gets Input On Autodialer Definition After 9th Circ. Ruling
The FCC has received the first round of public comments on how it should apply restrictions on automatic telephone dialing systems under the Telephone Consumer Protection Act in the wake of the Ninth Circuit's decision in Marks v. Crunch San Diego, with businesses and industry groups largely advocating a narrow interpretation of the law.
Real Estate Rumors: WeWork, Impulsive, Casey Wasserman
WeWork has reportedly taken 57,000 square feet on Broadway in New York, Impulsive Group is said to have dropped $20.8 million on a Florida resort and marina, and sports and entertainment mogul Casey Wasserman is reportedly looking to get $125 million for his Los Angeles home, which would be a record sale.
Feature BigLaw Firms Quiet About Lobbying Ties To Saudi Arabia
Gibson Dunn & Crutcher LLP is the only major U.S. law firm to walk away from its lobbying relationship with Saudi Arabia after growing condemnation of its alleged involvement in a journalist's death, as five other major law firms are keeping quiet about their ties to the Middle Eastern kingdom so far. Kavanaugh Gets 7th Circ. As High Court Shuffles Assignments
The U.S. Supreme Court on Friday issued an order handing over Justice Elena Kagan’s Seventh Circuit assignment, which she had held since 2010, to newly confirmed Justice Brett Kavanaugh. Interview GCs Should Take Hack Issues To The Feds, DHS Official Says
Jeanette Manfra, a top cybersecurity and communications official at the U.S. Department of Homeland Security, tells Law360 why she's inviting general counsel to trade information about cyberthreats with her office and discusses the department's plan to secure the upcoming federal and state elections. Feature Chancery Closes Gender Gap, National Courts Moving Slowly
Delaware lawmakers caused a small stir earlier this month when they confirmed two veteran female attorneys to the state’s Court of Chancery, expanding the nationally important court by two seats while roughly closing the gender gap among its now-seven members for the first time. Labaton Says 1/3 Of Its Open Cases Include Referral Fees
Nearly one-third of Labaton Sucharow LLP’s open cases came to the firm through referral arrangements, according to a filing Thursday in Massachusetts federal court, offering a peek behind the curtain as the firm faces scrutiny for a payment to a Texas attorney uncovered in the ongoing State Street settlement fee fight. Philly Atty Says Neighboring Starbucks Flooded His File Room
A Philadelphia attorney sued his landlord and Starbucks Corp. in state court Thursday over a 2016 flood — allegedly caused by a pipe clogged with coffee grounds from a neighboring coffee shop — that destroyed archived client files kept in the lawyer’s basement storage room. Atty Urges Justices To Hear Suit Over Defamatory Yelp Review
A personal injury lawyer and her firm have urged the U.S. Supreme Court to review the California Supreme Court's split ruling that reverses an order requiring Yelp Inc. to take down defamatory reviews that a former client posted on the customer review site. Feature GC Cheat Sheet: The Hottest Corporate News Of The Week
Three separate surveys published recently identified the four firms that general counsel fear the most, revealed one in four professional women working in the legal industry experienced some form of sexual harassment or misconduct in the past five years and showed legal industry has a serious problem with bullying. These are some of the stories in corporate legal news you may have missed in the past week. Podcast Law360's Pro Say: No 11th-Hour Judicial Picks For Fla. Gov.
The Florida Supreme Court ruled this week that Republican Gov. Rick Scott couldn’t pick three new high court justices in his final hours in office, capping off a strange judicial showdown in the Sunshine State. Carolina Bolado, our senior Florida reporter, joins us on the Pro Say podcast to break it all down.
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