A Texas federal judge on Thursday acknowledged a potential "black mark" against an investor who vied to be lead plaintiff for a subclass of investors who allegedly bought McDermott International Inc. stock at artificially inflated prices, agreeing to amend an order critical of him.
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TOP NEWS

Judge To Alter Critique Of Investor Vying To Be Lead Plaintiff

By José Luis Martínez

A Texas federal judge on Thursday acknowledged a potential "black mark" against an investor who vied to be lead plaintiff for a subclass of investors who allegedly bought McDermott International Inc. stock at artificially inflated prices, agreeing to amend an order critical of him.

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Shield AI Worker Alleges Data Fraud, 'Sexual Violence' By Exec

By Spencer Brewer

An employee hit Shield AI Inc. with a suit in Texas federal court Thursday, alleging the defense technology company engaged in data fraud, allowed a company executive to perpetuate "egregious acts of sexual violence," and retaliated against him after he spoke up.

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Energy Drink Co. Ex-Execs Won't Face Limits At New Jobs

By José Luis Martínez

A Texas federal judge will allow executives to continue their jobs without broad restrictions at a relaxation beverage company after leaving the energy drink company behind C4 and Bloom, although the judge approved the executives' stipulations that they will not share or use any confidential information.

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Energy Firm Insiders Forced Co-Founder's Ouster, Suit Says

By José Luis Martínez

Houston energy firm ARM Energy Holdings LLC was sued in Texas Business Court over allegations that one co-founder and its general counsel pushed another co-founder out of the company and lowballed the membership stake tied to him.

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Parents Demand 'Bad Faith' Sanctions In Camp Mystic Case

By Lynn LaRowe

Camp Mystic in Texas' Hill Country should be sanctioned over "bad faith" conduct in litigation over flooding deaths last summer, including purported misrepresentations to courts and regulators and an alleged remark by one of its attorneys to a plaintiffs' lawyer that he would "burn in hell," a state court has been told.

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Mark Cuban Beats Bid To Move Crypto Investor Suit To Texas

By Emilie Ruscoe

A Miami federal judge won't send dismissed crypto promotion claims against Mark Cuban and the Dallas Mavericks to Texas, noting the investors seeking to move the suit strenuously fought the move earlier in the litigation and now "decline to explain why their current about-face should be excused."

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Roundup

Injury Law Roundup: Freight Brokers, Uber Lose Key Cases

By Y. Peter Kang

The U.S. Supreme Court's green light of negligent hiring claims against freight brokers in highway crash cases and an adverse verdict against Uber in the sexual assault multidistrict litigation lead Law360's Injury Law Roundup.

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POLICY & REGULATION

FCC Targeting ABC Licenses To Punish Speech, Station Says

By Rae Ann Varona

ABC's local New York station said Thursday that the Federal Communications Commission's order for ABC to file early license renewal applications is an "unprecedented attack" on the broadcast company's license portfolio with "no legitimate purpose" other than to suppress speech.

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Athletes Decry Antitrust Immunity In College Sports Bill

By David Steele

College athlete advocacy groups have criticized a proposed bipartisan U.S. Senate bill that provides congressional oversight to college sports and allows athletes to have agents, but also limits player movement and compensation and grants the NCAA antitrust immunity.

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ENFORCEMENT

GreenSky Pays $10M To Settle Fraudulent Loan Claims

By Spencer Brewer

The Texas attorney general on Thursday announced that financial technology company GreenSky Holdings LLC has settled claims brought by multiple states accusing it of issuing fraudulent loans, paying $10 million in consumer restitution, civil penalties and other fees to the states.

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SEC Says AI Crypto Trading Bot Was $12M Ponzi Scheme

By Jessica Corso

The U.S. Securities and Exchange Commission on Thursday accused a Texas man of lining his pockets with millions of dollars in investor funds that he falsely promised would be used to trade cryptocurrency using an artificial intelligence-operated bot.

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Paxton Says Mass. Court Can't Halt ActBlue Case In Texas

By Carolyn Muyskens

Texas Attorney General Ken Paxton urged a Massachusetts federal judge to toss a lawsuit claiming his fraud allegations against Democratic fundraising platform ActBlue are politically motivated, saying the Bay State court cannot interfere in his Texas case.

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LITIGATION

Aerospace Co. Must Pay $2M In Network System Contract Trial

By Elliot Weld

A Texas federal judge has entered a final judgment ordering aerospace manufacturer Cabin Management Solutions Inc. to pay nearly $2 million to an audio-video network transmission company that accused it of reneging on a negotiated fee for the use of a signal transmission system.

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Texas Panel Tosses Med Mal Suit Over Flawed Expert Report

By Y. Peter Kang

A Texas appellate court has dismissed a medical malpractice suit against a physician accused of leaving a catheter wire in a patient's leg, ruling that the plaintiff's expert report failure to properly identify the applicable standard of care didn't pass muster under the state's healthcare liability law.

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Trans Patients Say Stanford Can't Give DOJ Medical Records

By Gianna Ferrarin

A group of transgender adolescents who received gender-related care at a Stanford Medicine hospital urged a California federal court to order the hospital not to turn over any of their medical records in response to a criminal subpoena issued by a grand jury in Texas.

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FIFTH CIRCUIT

5th Circ. Won't Rehear Deepwater Prostate Cancer Suit

By Mike Curley

The Fifth Circuit has denied an en banc rehearing of a worker's toxic tort suit against BP Exploration & Production over prostate cancer he alleges he developed because of exposure to crude oil during cleanup of the 2010 Deepwater Horizon spill.

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INTELLECTUAL PROPERTY

5 AI Cos. Sued Over Neural Network Patent In Delaware

By Elliot Weld

Five companies developing various transcription, speech-to-text and customer experience products with artificial intelligence are facing lawsuits brought by an entity alleging they infringed a patent covering neural networks.

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Tesla Tumbler Targeted In New MiiR Patent, Trade Dress Suit

By Rachel Riley

Stainless-steel drinkware manufacturer MiiR launched a patent and trade dress infringement lawsuit in Washington federal court on Thursday accusing Tesla of stealing its slim, cylindrical mug and lid design for the electric vehicle maker's "On The Road Tumbler."

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EXPERT ANALYSIS

Series

Studying Foreign Languages Makes Me A Better Lawyer

Studying Italian and Japanese has shown me that learning a new language can benefit a legal career in several ways, including by demonstrating the importance of approaching problems from a fresh perspective and the value of practicing patience with colleagues and clients, says Anna King at Genworth Financial.

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LEGAL INDUSTRY

Florida High Court Adopts AI Policy For Lawyers

By Madison Arnold

The Florida Supreme Court on Thursday amended the state's rules to require those filing court documents to check any artificial intelligence-generated content for accuracy, and allow for sanctions if the content contains errors.

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Goldstein Says Bad Jury Instructions Warrant New Trial

By Jared Foretek

SCOTUSblog founder Tom Goldstein said that the prosecutors who convicted him on 12 tax and mortgage fraud charges in February are now contradicting arguments they made at the end of his trial in their attempt to deny him a bench acquittal or new trial.

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King & Spalding Blocked From Exiting $300M Fraud Lawsuit

By Brian Steele

King & Spalding LLP and Lennon Murphy & Phillips LLC can't withdraw from representing clients in consolidated litigation over an alleged $300 million stock swindle, a Connecticut state court judge has ruled, saying the firms' motions ahead of a June trial lack good cause.

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Fla. Court Refers Atty To Bar Over Bogus Case Citations

By Madison Arnold

A Florida state appeals court has referred an appellant's attorney to the state's bar for disciplinary proceedings after filing a petition that appears to be generated by artificial intelligence and "raises frivolous arguments, misstates the law, and cites non-existent case law."

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Trump Considers Tech Entrepreneur For DOJ Grants Post

By Courtney Bublé

President Donald Trump appears poised to nominate a real estate attorney turned tech entrepreneur for a top U.S. Department of Justice post that oversees grants and criminal justice programs.

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Dem Sens. Ask DOJ To Preserve Trump-IRS Settlement Docs

By Jack McLoone

Two Democratic Senate leaders asked the U.S. Department of Justice to preserve any records related to the settlement of President Donald Trump's suit against the IRS in a letter published Thursday, signaling that further investigations may be coming.

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Ex-Fla. Chief Justice Fred Lewis Dies At 78

By Carolina Bolado

Former Florida Chief Justice R. Fred Lewis, who spent two decades on the bench of the Florida Supreme Court, has died at 78, the court announced Thursday.

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Titan Of The Plaintiffs Bar: Gupta Wessler's Deepak Gupta

By Daniel Moritz-Rabson

In the decade and a half since starting his own firm, Deepak Gupta has argued seven cases before the U.S. Supreme Court, has won matters in state high courts from coast to coast, and has become a mainstay in federal appellate courts while building his plaintiff-side litigation boutique into a sought-after juggernaut.

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dark blue promo that reads 2026 Titans of the Plaintiffs Bar Promo that reads Law360 Pulse 2026 AI Survey

LAW FIRMS IN TODAY'S NEWS

Fried Goldberg

Ahmad Zavitsanos

Allegaert Berger

Arnold & Itkin

Baker Botts

Boies Schiller

Brown Rudnick

Carlton Fields

Castagna Scott

Cohen Milstein

Cooley LLP

David Boies

Downs Law Group

Foley & Lardner

Fowler White Burnett

Freedman Normand

Freiwald Law

Gilmartin Magence

Goodwin Procter

Gupta Wessler

K&L Gates

King & Spalding

Kirkland & Ellis

Lawson Huck

Leavitt & Eldredge

Lennon Murphy

Ligris & Associates

Liskow & Lewis

Lynn Pinker

Maron Marvel

McCarter & English

Morgan & Morgan PA

Munger Tolles

Nix Patterson

Parker Lawrence

Patterson Belknap

Pomerantz LLP

Rabicoff Law

Reynolds Frizzell

Robbins Geller

Rosen Bien

Ross LLP

Schall Law

Sher Garner

Shook Hardy

Silverman McDonald

Townsend Law Firm

Watts Law Firm

Wiggin & Dana

WilmerHale

Wolf Haldenstein

Wright Close Barger & Guzman

Yetter Coleman

COMPANIES IN TODAY'S NEWS

ARM Energy Holdings LLC

ActBlue LLC

Alliance for Cooperative Energy Services

AssemblyAI Inc.

Audi AG

Banyan

Boston University

C.H. Robinson Worldwide Inc.

CATIC Financial Inc.

Cerence Inc.

Chicago Bridge & Iron Co. NV

Citigroup Inc.

Council on Criminal Justice

Dallas Mavericks Inc.

Genworth Financial Inc.

Gerald Holdings LLC

Google LLC

GreenSky LLC

Harvard University

Kinder Morgan Inc.

LinkedIn Corp.

Massachusetts Institute of Technology

McDermott International

Merck & Co. Inc.

Meta Platforms Inc.

Monsanto Co.

NVIDIA Corp.

NYU Langone Medical Center

National College Players Association

National Collegiate Athletic Association

New York University

Nutrabolt Inc.

Quince

Shield AI Inc.

Snap Inc.

Stavvy Inc.

Tesla Inc.

The Florida Bar

TikTok Inc.

Tokyo Gas

Uber Technologies Inc.

University of Miami

Volkswagen AG

YouTube Inc.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Consumer Financial Protection Bureau

Executive Office of the President

Federal Aviation Administration

Federal Communications Commission

Federal Trade Commission

Florida Supreme Court

Internal Revenue Service

Office of Justice Programs

Office of Juvenile Justice and Delinquency Prevention

Supreme Court of Nevada

Texas Attorney General's Office

Texas Health and Human Services Commission

Texas Tenth Court of Appeals

U.S. Army

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

U.S. Court of Appeals for the Fifth Circuit

U.S. Department of Justice

U.S. District & Bankruptcy Courts of Southern District of Texas

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 Northern District of California

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

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

U.S. District Court for the Western District of Washington

U.S. Securities and Exchange Commission

U.S. Senate

U.S. Supreme Court