Wal-Mart Stores Inc. beat back a lawsuit from shareholders who accused the retail giant of breaking securities laws by turning a blind eye to bribery and corruption at its Mexican subsidiary, with a New York federal judge concluding Monday that the allegations came too late or failed to show deceptive intent.
The U.S. Supreme Court on Monday declined to consider a petition from the relatives of a federal agent killed as part of the notorious “Operation Fast and Furious” that challenged the Ninth Circuit’s holding that agents may not sue federal officials under a so-called Bivens remedy for alleged Fifth Amendment rights violations.
The U.S. Supreme Court said Monday it would not review a ruling that German drugmaker Bayer AG could file an American trademark lawsuit over a foreign brand name that it had never used in the U.S. market.
Plans to create Europe's largest stock exchange with the £24 billion ($30.1 billion) merger between the London Stock Exchange Group PLC and Deutsche Börse AG teetered on the brink after the U.K. exchange said late Sunday it couldn't sell a key Italian subsidiary to allay antitrust concerns in time for a Monday deadline.
Citigroup Inc. revealed Friday that it is under investigation for foreign government referral hiring practices in connection with the Foreign Corrupt Practices Act, in what appears to be part of an ongoing enforcement sweep targeting Asian investment banks.
A Texas federal judge on Friday transferred a patent case against Google Inc. to California court after the Federal Circuit granted a rare writ of mandamus a day earlier, finding in a split decision that the initial ruling had unfairly weighted the transfer factors against the technology giant.
Acting U.S. Securities and Exchange Commission Chair Michael Piwowar said Friday that the agency should focus on what he called the “forgotten investor” and take a second look at policies like disclosure requirements, high corporate penalties and accreditation rules he says have adversely impacted investors.
Google Inc. struck a $22.5 million settlement with a proposed class of advertisers who claim the tech giant placed their purchased ads on unused or inactive websites, bringing an end to a nearly nine-years-long litigation in California federal court, according to a Thursday court filing.
The Fourth Circuit refused Friday to rehear former Massey Energy Co. CEO Don Blankenship’s appeal of his conviction for conspiring to violate mine safety laws before a 2010 coal mine explosion that killed 29 people, declining to re-examine claims that that the jury was given faulty instructions.
Counsel for the transgender student challenging a policy barring him from using the boys’ bathroom at his high school said Friday he intends to push forward with his case in the U.S. Supreme Court after the high court asked both sides how they wanted to proceed.
Lawyers handling claims brought by creditors of Lehman Brothers Inc., the failed investment bank’s broker-dealer unit, asked a New York bankruptcy court on Friday to approve as much as $228 million in new distributions to unsecured creditors, saying asset sales and cost reductions had freed up more funds.
R.J. Reynolds won a request Friday for a new trial in an Engle progeny suit where a jury originally awarded $23.6 billion in punitive damages, as a Florida appeals court said the plaintiff's closing arguments crossed proper boundaries "repeatedly, flagrantly, and often in defiance of the trial court’s admonishments."
The new chairman and CEO of ExxonMobil Corp. on Thursday reaffirmed his company's support of a U.S. carbon tax, calling it an effective way to tackle climate change without significantly harming the economy.
Flanked by some of the nation’s top manufacturing executives, President Donald Trump signed an executive order Friday directing federal agencies to create task forces to identify burdensome regulations ready for the chopping block, promising the end of “an impossible situation” for U.S. companies and new economic growth.
Google's self-driving car unit Waymo LLC filed a lawsuit in California federal court Thursday accusing Uber Technologies Inc. of stealing trade secrets and infringing patents over its proprietary laser system used to help guide driverless vehicles.
The former chairman and CEO of Comverse Technology Inc. on Thursday was sentenced to a record two-and-a-half years in prison for backdating the telecommunication software company's stock options, after a 10-year stretch on the lam in Africa.
A New York state appeals court on Thursday affirmed a decision that left a fraud claim by a German bank in play against Lynn Tilton and her investment firm Patriarch Partners LLC, saying early signs that the funds in question were not what they appeared didn’t start the clock on the statute of limitations.
Members of the legal community including partners at several BigLaw firms on Thursday expressed concern over statements made by President Donald Trump toward federal judges and courts in the aftermath of an order temporarily blocking his immigration ban from seven Muslim-majority countries, saying the remarks could have “grave consequences.”
Ex-Valeant Pharmaceuticals International Inc. executive Gary Tanner and former Philidor Rx Services LLC CEO Andrew Davenport on Thursday in Manhattan federal court denied charges that they participated in a $40 million merger fraud and kickback scheme.
A Volkswagen executive — arrested in Miami last month in connection with the automaker’s emissions scandal — on Thursday pled not guilty to charges of conspiracy to defraud the United States, alleged violations of the Clean Air Act and wire fraud in Michigan federal court, according to court officials.
General counsels face the challenging task of understanding how companies can navigate the rules surrounding uses of artificial intelligence. To get smart on AI, general counsels must ask the right questions about areas such as human resources, intellectual property, liability and insurance, say Bruce Heiman and Elana Reman of K&L Gates LLP.
Though the Trump administration has yet to make an official statement regarding artificial intelligence, support for AI is consistent with its expressed desire to promote American business. As such, general counsel will inevitably have to navigate what big data and AI mean for compliance with current and future laws and regulations, say Bruce Heiman and Elana Reman of K&L Gates LLP.
Lawyers are likely turning to alcohol to lessen stress and anxiety, to socialize, and even to sleep better. Unfortunately, many are unaware that their nightly pour could be causing or exacerbating the anxiety that is plaguing the legal profession, says Jennifer Gibbs of Zelle LLP.
There is no question that solo practitioners and small law firms need to spend the majority of time on legal work, but in order to achieve sustainable growth, marketing should not be a secondary task “put-off” until you have some free time, says Matthew Horn, founder of Legal Services Link LLC.
Over the next few weeks, a slow trickle of news about one measure of law firm success — law firm financial results — will gradually become a flood as more firms open up about their performance in 2016. Law firm leaders would be wise to focus on nine factors that determine success, says law firm management consultant William Johnston.
Love is not a subject that lawyers typically devote themselves to professionally. But as we witness this historic transition to a new administration, lawyers in particular are reminded that love is tied, however imperfectly, to our cherished founding ideals, says Kevin Curnin, president of the Association of Pro Bono Counsel.
In the United States, the number of lawyers whose firms have used litigation finance has quadrupled since 2013. Even so, too many remain poorly informed, leaving them at a competitive disadvantage and prone to oddly persistent “alternative facts” about litigation finance, says Christopher Bogart, CEO of Burford Capital.
With so many possibilities and variables, it can be difficult to adhere to a strict graphics budget when preparing effective visuals for trial. There are several things you can do to limit the cost of your visuals without sacrificing quality, says Marti Martin Robinson of Litigation Insights Inc.
Instead of trying to change the new workforce to follow a law firm's existing processes and procedures, perhaps it's time for firms to start changing their processes and procedures to better accommodate the mentality of this next generation of lawyers, says Christopher Imperiale, a law firm adviser with Berdon LLP.
Every year, statistics reveal very little change in the number of women and minorities in the ranks of partnership. So how do law firms change this painfully slow rate of progress? It takes more than adding a diversity policy or a women’s leadership program to the current law firm business model, says Lucia Chiocchio, co-chair of Cuddy & Feder LLP's telecommunications and land use, zoning & development groups.