The U.S. Securities and Exchange Commission's recent expansion of direct listings to allow the raising of capital will likely spur more companies to explore these alternatives to traditional initial public offerings, although such listings also pose certain risks that could limit their appeal.
The XFL's bankrupt former corporate parent Alpha Entertainment LLC sought Thursday to secure a nearly $600,000 prejudgement remedy against ousted Commissioner Oliver Luck, arguing that its contract breach counterclaims over "problematic" player Antonio Callaway are an inevitable touchdown.
Centennial Bank hit National Hockey League player Evander Kane and his team, the San Jose Sharks, with a lawsuit Thursday in Florida federal court, claiming the player owes more than $8.3 million in principal and interest after defaulting on a loan issued to him for "business opportunities."
The Washington Football Team and a man who sued litigator Beth Wilkinson over her work investigating allegations of sexual harassment in the NFL team's front office opposed The Washington Post's request to open up a hearing to the public scheduled for Friday over the team's bid to keep much of the litigation under seal.
A Florida judge on Thursday ended a proposed class suit accusing the company behind Ironman triathlons of not refunding fees for races canceled because of the COVID-19 pandemic, ruling that the "no refunds" clause of the participant contract is both clear and not unconscionable.
A D.C. federal judge gave his final endorsement Thursday to a $4 million settlement deal between digital media company Vox Media Inc. and hundreds of bloggers and staff at its SB Nation sports website to end allegations that they were misclassified as independent contractors and robbed of overtime pay.
A split Florida appellate panel won't revive a student athlete's claims that his school board is to blame for injuries he sustained during a soccer game, ruling that his signature on a pregame release snuffs the negligence suit over a nearby cement barrier even if the school's saving grace was in small font.
Enterprise can't shake WARN Act liability over coronavirus layoffs, LA Fitness says its landlord can't demand full rent when the gym operator was prohibited from using its rented space, and the owners of the Philadelphia Union soccer team are among the latest to take their insurer to court over denied coverage for losses related to the pandemic.
Trek Bicycle Corp. was hit with a proposed class action Thursday alleging it misleads consumers into believing its Bontrager WaveCel helmets protect against concussions more than the average helmet and that it conducted unreliable research for marketing purposes.
Entain, owner of U.K. betting giant Ladbrokes, lobbed a bid Thursday for Baltic-focused gambling company Enlabs in a deal valuing it at about $342 million (or 2.8 billion Swedish kroner), and that comes days after the British business rejected an $11.1 billion takeover offer from MGM Resorts International.
Mobile gaming company Playtika said Thursday it's gearing up for an initial public offering guided by Latham & Watkins LLP that could bring in $1.6 billion if shares price at their expected midpoint.
New York Gov. Andrew Cuomo on Wednesday unveiled a proposal to authorize online and mobile sports betting in the state in a reversal of his previous position, opening the door for massive expansion of the sports betting market in one of the largest states in the country.
The University of Southern California's former water polo coach asked a federal judge on Tuesday to clear a slate of new charges against him in the "Varsity Blues" college admissions case, citing flaws in prosecutors' latest indictment alleging a quid pro quo for slots at the elite school.
The U.S. Department of the Interior and the Mashantucket Pequot and Mohegan tribes have asked a D.C. federal court to toss an MGM Resorts lawsuit claiming the DOI's approval of changed tribal gaming agreements with Connecticut gave the tribes an unfair edge in casino competition.
A Florida federal judge who presided over the U.S. Securities and Exchange Commission's action against Miami businessman Ariel Quiros over his failed Jay Peak EB-5 immigrant investor project gave preliminary approval on Tuesday to an $8 million settlement of an investor action concerning the same project.
The owners of the Philadelphia Union Major League Soccer team have sued a Chubb unit, alleging the insurer refused to honor its $192 million policy to cover COVID-19-related losses after their athletes caught the virus that physically infested its properties.
The federal bankruptcy watchdog took issue Tuesday with $1.5 million in proposed bid protections offered up by California-based fitness company In-Shape in connection with its potential $45.3 million sale to an affiliate of post-petition lenders, saying the steep break-up fee may discourage competing bids.
Gym operator LA Fitness said its Universal City landlord, a unit of NBCUniversal, is trying to squeeze it for full rent, even though the fitness center has been closed for nearly nine months because of the coronavirus pandemic, according to a lawsuit lodged Monday in Los Angeles court.
The U.S. Olympic Committee and USA Taekwondo urged the California Supreme Court on Tuesday to narrow the test courts use to determine whether governing organizations are liable for protecting minors from sexual abuse by credentialed officials like former coach Marc Scott Gitelman, who was convicted of raping three young athletes.
The Eleventh Circuit on Tuesday declined to rehear its decision finding that the board for the National Football League's retirement and disability plan abused its discretion in denying permanent disability benefits for an ex-lineman.
A Michigan man and the Chicago Cubs baseball team told an Illinois federal judge Monday that they've ended their legal dispute over a 2016 World Series collectible that allegedly copied a design the man had created in 1984.
A makeup artist slapped the Major League Baseball Network with a retaliation suit Tuesday, claiming the company wrongly told her New Jersey sick leave law didn't cover her and fired her when she pushed for time off.
Despite difficulties surrounding the coronavirus vaccine rollout in some areas, including a Wisconsin pharmacist accused of intentionally spoiling 500 doses, the new year ushered in the first round of inoculations for Illinois veterans in long-term care facilities as well as plans to administer the vaccine to first responders in Massachusetts.
The publisher of Ebony magazine has asked a Texas bankruptcy judge to give it more time to file its Chapter 11 plan, saying it is still working on finalizing the $14 million sale of its assets to a company owned by a former NBA player.
A judge gave a U.K.-based video game developer the green light on Tuesday to call a shareholders' meeting to vote on a $1.2 billion acquisition offer by gaming giant Electronic Arts.
Litigants' emotions can doom the prospects for settlement during mediation, so listening with empathy and helping parties look at a case less emotionally are important tools in a mediator's kit, says Sidney Schenkier at JAMS.
Lisa Tucker's collection of essays, "Hamilton and the Law: Reading Today's Most Contentious Legal Issues Through the Hit Musical," has the seemingly incongruous effect of drawing the reader into America's formative history while also contemplating the intractable issues facing us today, including racial justice, immigration and gender equality, says Ninth Circuit Judge Kim Wardlaw.
Attorneys can use a new predeposition meet-and-confer obligation for federal litigation — taking effect Tuesday — to better understand and narrow the topics of planned testimony, and more clearly outline the scope of any discovery disputes, says James Wagstaffe at Wagstaffe von Loewenfeldt Busch.
Although there has not yet been a decision on the merits, a wave of COVID-19 litigation concerning force majeure, impossibility and frustration of purpose in New York indicates that using pandemic-related excuses to avoid contractual obligations may be limited, says Seth Kruglak at Norton Rose.
Many organizations are making plans for executives to go into government jobs, or for government officials to join a private sector team, but they must understand the many ethics rules that can put a damper on just how valuable the former employee or new hire can be, say Scott Thomas and Jennifer Carrier at Blank Rome.
As the pandemic brings a variety of legal stresses for businesses, lawyers must understand the emotional dynamic of a crisis and the particular energy it produces to effectively fulfill their role as advisers, say Meredith Parfet and Aaron Solomon at Ravenyard Group.
A new law in New York that requires businesses to obtain consumer consent for automatic contract renewals could warrant extensive revisions to existing terms and conditions, and courts could eventually create a private right of action if they follow California’s trend of permitting individuals to sue under separate statutes, say attorneys at Faegre Drinker.
Two recent diverging copyright decisions concerning Take-Two video games' depiction of professional athletes' tattoos provide guidance on strategically using the implied license and fair use defenses when digital reproductions may infringe copyrighted tattoos, says Rowley Rice at Munger Tolles.
Richard Finkelman and Yihua Astle at Berkeley Research Group discuss the ethical and bias concerns law firms must address when implementing artificial intelligence-powered applications for recruiting, conflict identification and client counseling.
Attorneys should consider the pros and cons of participating in virtual court proceedings from home versus their law firm offices, and whether they have the right audio, video and team communication tools for their particular setup, say attorneys at Arnold & Porter.
Attorneys considering blowing the whistle on False Claims Act violations by recipients of COVID-19 relief may face a number of ethical constraints on their ability to disclose client information and file qui tam actions, say Breon Peace and Jennifer Kennedy Park at Cleary.
U.S. Supreme Court nominees typically face intense questioning over potential judicial activism, but a better way to gauge judges' activist tendencies may be to look at the footnotes in their opinions, say Christopher Collier at Hawkins Parnell and Michael Arndt at Rohan Law.
The pandemic has accelerated the need to improve the practice of law through technology, but law firms and in-house legal departments must first ensure they have employee buy-in and well-defined processes for new digital tools, say Dan Broderick at BlackBoiler and Daryl Shetterly at Orrick.
Brian Burlant at Major Lindsey looks at how pandemic-era remote work has changed the way law firms operate — from shifts in secretarial functions to associate professional development — and explains why some alterations may be here to stay.
Blanket rules that bar recording or dissemination of remote public court proceedings impede presumptive common law and First Amendment right of access, greatly expand courts' powers over nonparties, and likely run afoul of U.S. Supreme Court precedent, says Matthew Schafer at ViacomCBS.