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April 23, 2025
3 Firms Guide Launch Of $3.6B SoftBank-Backed Bitcoin Co.
Bitcoin investment startup Twenty One Capital Inc. plans to go public by merging with a special purpose acquisition company affiliated with Cantor Fitzgerald at a $3.6 billion valuation, in a deal guided by three law firms, the parties announced on Wednesday.
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April 23, 2025
Kirkland Brings On V&E Corporate Pro In Houston
Kirkland & Ellis LLP announced Wednesday that it has boosted its corporate practice in Houston by bringing on a partner with deep private equity experience in the energy sector who came aboard after a decade at Vinson & Elkins LLP.
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April 22, 2025
Maxell Sues Samsung Again In Ongoing Smart Devices Fight
Maxell Ltd. on Monday added another patent infringement suit to its sprawling dispute with Samsung Devices Co. over smart devices, claiming that Samsung is still refusing to license Maxell's global patent portfolio even after Maxell filed a slew of suits in Germany, Japan and the U.S.
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April 22, 2025
Texas Court Questions $55M Arbitration Award's Validity
A Texas appeals panel asked why a $55 million arbitration award to the former director of a Dallas alternative asset investment company can't float just because the arbitrator based the damages on securities filings, saying Tuesday that arbitrators have broad discretion to determine damages.
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April 22, 2025
District's $59M Building Contract Void Over Undisclosed Gifts
A state appeals court freed a West Texas school district from a suit over the termination of a $59 million construction contract, finding that the construction company didn't properly disclose multiple gifts to district employees.
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April 22, 2025
Judge Approves Prospect Medical's Pa. Hospitals' Closure
A Texas bankruptcy judge on Tuesday approved Prospect Medical Holdings' request to close two Pennsylvania hospitals after the bankrupt operator was unable to secure another entity to run the hospitals despite support from government and community organizations to keep them open.
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April 22, 2025
Houston Atty, Woman End Sex Tape Suit After FBI Inquiry
A Houston attorney and a woman who accused him of filming a sexual encounter with her and sharing it without her consent have agreed to drop the dispute.
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April 22, 2025
Tech Co. Says Audi Infringed Vehicle-Tracking Patent
A patent-holding company accused Audi of infringing a patent for location-tracking technology in a Monday complaint, the latest in a flurry of suits the company has filed against auto and technology companies.
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April 22, 2025
Albright Gives Blanket OK For Many Deadline Extensions
U.S. District Judge Alan Albright said that any attorneys appearing before him in his Austin, Texas, courtroom who want a deadline extension no longer need to get his permission, according to a new standing order.
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April 22, 2025
Nuclear Startup To Go Public Through $475M SPAC Deal
Nuclear startup Terra Innovatum said Tuesday it plans to go public at a valuation of $475 million by merging with special purpose acquisition company GSR III Acquisition Corp., joining several industry peers to go public through a SPAC deal.
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April 24, 2025
CORRECTED: Texas Atty Says Bogus Rulings Came From Internet Searches
A Lone Star State lawyer has admitted that, following internet searches, she listed phony cases in an appellate brief in a dispute over $1 million in jewelry her parents argued was gifted to their daughter and out of a creditor's reach.
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April 22, 2025
Marketer Blasts Inventor's 'Cycle' Of Atty Fee Bids
An invention marketing firm on Tuesday asked a Pennsylvania federal judge to reject Kearney McWilliams & Davis PLLC's push for more attorney fees stemming from an inventor's case over how the company handled preparations for a product launch, arguing the court already declined to increase the number.
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April 22, 2025
Willkie Adds Baker Botts Private Equity Experts In Dallas
Willkie Farr & Gallagher LLP is expanding its Texas transactional team, announcing Tuesday it is bringing on a pair of Baker Botts LLP private equity whizzes as partners in its year-old Dallas office.
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April 22, 2025
Lamborghini Stole Steering Wheel Trade Secrets, Suit Says
An Italian auto racing engineering support company has sued Lamborghini in Texas federal court, accusing the sports car manufacturer of swiping trade secrets related to steering wheel setups in vehicles used to compete in races like the 24 Hours of Le Mans.
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April 22, 2025
Hemp Group Drops DEA From Suit Over Police Raid, Arrest
A hemp trade group and the owner of a smoke shop are dropping claims against the U.S. government and U.S. Drug Enforcement Administration from a suit alleging law enforcement wrongfully raided the shop.
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April 21, 2025
Toyota Accused Of Illegally Selling Driver Data To Progressive
Toyota has for years been using tracking devices to collect drivers' driving habits and other personal information and selling the driver data to third parties like auto insurer Progressive without consent, a putative class action filed Monday in Texas federal court alleges.
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April 21, 2025
Mexican Banks Escalate Discovery Fight With Sanctions Bid
A Mexican bank and its affiliates have asked a Texas federal judge to sanction a businessman and his attorneys in a fraud case, saying they have deliberately obstructed court-ordered discovery in litigation accusing him of diverting and concealing corporate assets.
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April 21, 2025
Justices To Mull Tort Liability For USPS 'Campaign Of Terror'
The U.S. Supreme Court agreed Monday to assess the U.S. Postal Service's liability under federal tort law for intentional delivery failures — an issue nominally focused on an alleged "racially motivated harassment campaign" against a Texas woman but also broadly relevant to delivery lapses in the nation's vast mail system.
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April 21, 2025
AFGE Units Ask Court To Nix Agencies' Labor Contracts Suit
American Federation of Government Employees affiliates told a Texas federal court Monday to dismiss a lawsuit from the Department of Defense and other federal agencies asking the court to allow termination of collective bargaining agreements, saying the government does not have standing.
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April 21, 2025
Nylon Maker Files Ch. 11 In Texas With More Than $1B Debt
Nylon maker Ascend Performance Materials on Monday filed for Chapter 11 protection in a Texas bankruptcy court, saying it plans to work with its lenders to deleverage its more than $1 billion in debt.
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April 21, 2025
Churches Say Nonprofit Politics Ban Violates Speech Rights
A group of churches and Christian advocacy groups asked a Texas federal court Monday to find that a provision of the Internal Revenue Code that prevents tax-exempt nonprofits from endorsing political candidates is unconstitutional because it violates their free speech rights.
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April 21, 2025
DOL Tells 5th Circ. It May Rescind Biden-Era ESG Rule
The U.S. Department of Labor told the Fifth Circuit on Monday it's considering rescinding a Biden-era rule allowing retirement fiduciaries to consider issues like climate change and social justice when choosing investments, according to filings in a suit challenging the rule from conservative states and energy companies.
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April 21, 2025
Sun Pharma Accuses Drugstores Of $10M Refund Scheme
Sun Pharmaceutical Industries Inc. told a New Jersey federal court that a group of pharmacies and their operators engaged in a criminal, years-long racketeering scheme that resulted in it paying more than $10 million in refunds for short-dated pharmaceutical products.
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April 21, 2025
U-Visa Seekers Push For Class Cert. In Processing Delays Suit
U-visa petitioners suing U.S. Citizenship and Immigration Services over alleged unreasonable delays of processing their work authorizations sought class certification Friday, a few months after a Michigan federal judge revived the claims.
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April 21, 2025
Houston's NRG Energy Says Miami Cos. Ripped Off Its Name
A group of Miami-based companies has been accused in Texas federal court of ripping off NRG Energy Inc.'s name.
Expert Analysis
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Series
Racing Corvettes Makes Me A Better Lawyer
The skills I use when racing Corvettes have enhanced my legal practice in several ways, because driving, like practicing law, requires precision, awareness and a good set of brakes — complete with the wisdom to know how and when to use them, says Kat Mateo at Olshan Frome.
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Bill Would Bring Welcome Clarity To Del. Corporate Law
A recently proposed bill in Delaware that would provide greater predictability for areas including director independence and controlling stockholders reflects prudential adjustments consistent with the state's long history of refining and modernizing its corporate law, say attorneys at Simpson Thacher.
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Opinion
Attorneys Must Act Now To Protect Judicial Independence
Given the Trump administration's recent moves threatening the independence of the judiciary, including efforts to impeach judges who ruled against executive actions, lawyers must protect the rule of law and resist attempts to dilute the judicial branch’s authority, says attorney Bhavleen Sabharwal.
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Rethinking 'No Comment' For Clients Facing Public Crises
“No comment” is no longer a cost-free or even a viable public communications strategy for companies in crisis, and counsel must tailor their guidance based on a variety of competing factors to help clients emerge successfully, says Robert Bowers at Moore & Van Allen.
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Partially Faulting Airline For 401(k) ESG Focus Belies ERISA
A Texas federal court's recent finding that American Airlines breached its fiduciary duty of loyalty, but not of prudence, by letting its 401(k) pursue environmental, social and governance investments, misinterprets the Employee Retirement Income Security Act's standard of care, says Jeff Mamorsky, a Cohen & Buckmann partner and ERISA drafter.
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How Design Thinking Can Help Lawyers Find Purpose In Work
Lawyers everywhere are feeling overwhelmed amid mass government layoffs, increasing political instability and a justice system stretched to its limits — but a design-thinking framework can help attorneys navigate this uncertainty and find meaning in their work, say law professors at the University of Michigan.
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Opinion
Weight Drug Suits Highlight Need For Legal Work On Safety
The rapid ascent of glucagon-like peptide-1 receptor agonists like Ozempic has revolutionized diabetes management and weight loss — but legal wrangling over issues including off-label prescriptions, side effects and compounded versions underscores lawyers' roles in protecting patient safety, says attorney Gregg Goldfarb.
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Series
Competitive Weightlifting Makes Me A Better Lawyer
The parallels between the core principles required for competitive weightlifting and practicing law have helped me to excel in both endeavors, with each holding important lessons about discipline, dedication, drive and failure, says Damien Bielli at VF Law.
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Corp. Transparency Act's Future Under Treasury's Bessent
The Corporate Transparency Act’s ultimate fate faced uncertain terms at the end of 2024, but new U.S. Department of the Treasury Secretary Scott Bessent's statements and actions so far demonstrate that he does not intend to ignore the law, though he may attempt to make modifications, say attorneys at Taylor English.
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Serta Ruling Further Narrows Equitable Mootness In 5th Circ.
The Fifth's Circuit recent Serta bankruptcy decision represents a further hardening of its view of the equitable mootness doctrine, and may set up a U.S. Supreme Court review of the doctrine in the near future, say attorneys at Cleary.
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A Look At A Possible Corporate Transparency Act Exemption
Attorneys at Kirkland offer a deep dive into the application of the Corporate Transparency Act's reporting requirements specifically to U.S.-domiciled co-issuers in typical collateralized loan obligation transactions, and consider whether such issuers may be able to assert an exemption from the CTA's reporting requirements.
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Opinion
Inconsistent Injury-In-Fact Rules Hinder Federal Practice
A recent Third Circuit decision, contradicting a previous ruling about whether consumers of contaminated products have suffered an injury in fact, illustrates the deep confusion this U.S. Supreme Court standard creates among federal judges and practitioners, who deserve a simpler method of determining which cases have federal standing, says Eric Dwoskin at Dwoskin Wasdin.
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In-House Counsel Pointers For Preserving Atty-Client Privilege
Several recent rulings illustrate the challenges in-house counsel can face when attempting to preserve attorney-client privilege, but a few best practices can help safeguard communications and effectively assert the privilege in an increasingly scrutinized corporate environment, says Daniel Garrie at Law & Forensics.
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Emerging Energy Trends Reflect Shifting Political Landscape
As the Trump administration settles in, some emerging energy industry trends, like expanded support for fossil fuel production, are right off of its wish list — while others, like the popularity of Inflation Reduction Act energy tax credits, and bipartisan support for carbon capture, reflect more complex political realities, say attorneys at Greenberg Traurig.
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As EPA Backs Down, Expect Enviros To Step Up Citizen Suits
As President Donald Trump's U.S. Environmental Protection Agency draws down federal enforcement efforts, environmental groups will step into the void and file citizen suits — so companies should focus on compliance efforts, stay savvy about emerging analytical and monitoring methods, and maintain good relations with neighbors, say attorneys at Beveridge & Diamond.