Home-rental giant Airbnb on Tuesday launched an estimated $2.4 billion initial public offering, joining a blitz of several large companies going public just before the year ends, guided by Latham & Watkins LLP and underwriters counsel Simpson Thacher & Bartlett LLP.
An Illinois federal judge refused to hand either party a win Monday in a pair of Employee Retirement Income Security Act lawsuits by former Navistar executives demanding larger severance packages, sending to trial allegations that billionaire activist investor Carl Icahn's proxy war threats sparked severance-package-triggering board turnover.
The contractor hired for a more than $3 billion project to expand the Panama Canal is challenging a $240 million arbitral award favoring the canal's operator, Autoridad del Canal de Panamá, saying a series of hidden relationships between members of the tribunal gave rise to a "clear impression of bias."
The U.S. Senate confirmed the nominations of Democrat Allison Clements and Republican Mark Christie to fill the vacant seats on the Federal Energy Regulatory Commission in a voice vote Monday.
Duke Realty is reportedly hoping to build a warehouse in South Florida, Banana Republic reportedly plans to close a Manhattan store early next year, and Eagle Arc Partners is said to have paid $36.41 million for two Florida nursing homes.
The Federal Communications Commission won't revise its rules barring passengers from making mobile phone calls or using data while aboard flights, the commission said Friday, referencing "strong opposition" to its proposed changes from airline pilots and flight attendants.
A former dockworker for freight firm Estes Express sued the company in Illinois federal court Monday, alleging he was fired for refusing to stay at work after he learned that two colleagues who had recently been on-site were infected with the novel coronavirus.
A Boeing shareholder told the Seventh Circuit during oral arguments Monday that the aerospace giant's bylaws deprive shareholders of their rights to bring federal derivative claims over allegedly misleading proxy statements made about its 737 Max jets.
The European Court of Justice has been asked to weigh in on whether Nokia can freely decide how to license its technology to Daimler's suppliers after a German court sought clarification in the companies' patent fight over cellular technologies in cars.
A Transportation Security Administration employee filed a putative class action Monday against the federal government alleging that TSA workers are being deprived of required hazard and environmental discharge pay for work conducted at airports during the COVID-19 pandemic.
The U.S. Department of Transportation has finalized a rule narrowing the agency's authority to penalize airlines and ticket agents accused of engaging in unfair and deceptive practices, a move that gives airlines more say in federal oversight of its practices, which consumer advocates have slammed as corporate protectionism that opens the door to further slippery practices.
A Second Circuit panel ruled Monday that a county clerk lacks grounds to sue New York over a law that allows undocumented immigrants to apply for driver's licenses and shields their records from federal immigration authorities.
Automotive retail technology company CDK Global will sell its international business unit to private equity firm Francisco Partners in a $1.45 billion deal guided by Paul Hastings, Kirkland and Mayer Brown, the companies said Monday.
Law360 congratulates the winners of its 2020 Practice Groups of the Year awards, which honor the law firms behind the litigation wins and major deals that resonated throughout the legal industry in the past year.
The eight law firms topping Law360's Firms of the Year managed to win 54 Practice Group of the Year awards among them, for guiding landmark deals, scoring victories in high-profile disputes and helping companies navigate uncharted legal seas made rough by the coronavirus pandemic.
This past week in London has seen a state-owned energy company in Norway being sued, major telecom providers targeted by academic publishers and Italian cable manufacturer Prysmian instigate an intellectual property dispute.
The European Union is going to take new steps to overhaul intellectual property law in an effort to "reduce frictions" and litigation over standard-essential patents in the tech sector, the bloc's top antitrust and digital technology official announced.
Norwegian Cruise Line slammed investors' claims that it ran a "top-down" deceptive sales campaign downplaying the COVID-19 pandemic to prospective customers in order to stave off revenue losses, maintaining that it doesn't have to disclose allegedly aggressive sales practices.
A California federal judge has dismissed a proposed nationwide consumer class action accusing Toyota Motor Corp. of creating Highlander model SUVs with defective drive shafts and knowingly concealing the issue, but gave the proposed class a chance to amend its complaint.
The Trump administration told a Massachusetts federal court that it had the discretion to reach settlements as it saw fit, pushing to end a suit by environmental advocates that said the U.S. Department of Justice's policy banning environmental improvement projects in enforcement settlements is unlawful.
Texas' government asked the state Supreme Court on Tuesday to review an appeals court's approval of a $29 million verdict for a developer who claimed that a highway project and related land condemnation tanked the value of the developer's residential project site, saying the ruling was incorrect.
A Pennsylvania insurer told an Illinois federal court Wednesday that it has no duty to defend a cab company in a suit by victims of a fatal crash involving a stolen taxi, saying its policy doesn't cover anything stemming from the violent carjacking that led to the accident.
Ahead of the long weekend, when Americans are most known for gathering and traveling, Thanksgiving-minded governors laid down more restrictions as COVID-19 cases continued surging over the past week.
The U.K.'s competition watchdog told an appeal tribunal Wednesday that it had lawful discretion to determine the relevant travel services at issue when it blocked travel tech giant Sabre Corp.'s proposed $360 million takeover of rival Farelogix.
A group of drivers led by a siding business is hitting General Motors LLC with a proposed class action alleging that it knowingly sold vehicles with engines "engineered to fail" through a defective oil system.
The prolonged trade war between Boeing and Airbus — and between the U.S. and the European Union — has led to economic losses on all sides, but various factors, including a less adversarial attitude from the Biden administration, could lead to a resolution soon, says Alan Hoffman, a retired attorney and aviation expert.
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.
Attorneys at Morgan Lewis discuss how quickly companies may see policy changes from new leadership at the U.S. Department of Treasury, U.S. Department of Justice, U.S. Department of Labor, U.S. Equal Employment Opportunity Commission and National Labor Relations Board after the Biden administration takes office.
The Consumer Financial Protection Bureau’s recent settlement with debt collector Afni underscores the agency’s ongoing interest in recurring Fair Credit Reporting Act compliance errors related to computer glitches, response deadlines and first delinquency dates, say attorneys at Troutman Pepper.
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.
Nathaniel Castellano at Arnold & Porter discusses recent oral arguments at the Federal Circuit in three cases — Boeing v. Secretary of the Air Force, Bitmanagement Software v. U.S. and Harmonia Holdings v. U.S. — and the broad implications the decisions will have on government contractors and agencies dealing in proprietary data and software.
With support from both Republicans and Democrats, carbon capture, utilization and storage technology as a tool for decarbonization may be poised for domestic growth — but the U.S. and the European Union must coordinate their policies to promote a global approach, say Hunter Johnston and Jeff Weiss at Steptoe & Johnson.
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.
President-elect Joe Biden is expected to significantly shift aerospace and defense industry priorities, revoke certain Trump administration government contractor policies, strengthen "Buy American" requirements, and increase use of defense and NASA budgetary authority to combat climate change, say attorneys at Hogan Lovells.
Proposals from President-elect Joe Biden, a pair of bills currently pending in Congress and a low-carbon fuels program in California provide insights into how carbon capture, utilization and storage technology could be integrated into the fight against climate change in the U.S., say Hunter Johnston and Jeff Weiss at Steptoe.
Companies shouldn't fear a rapid uptick in overall corporate enforcement actions by the U.S. Department of Justice under a new Democratic administration, but should anticipate a shift in focus away from immigration cases toward COVID-19-related fraud and civil rights reform, say Sandra Moser and Kenneth Polite at Morgan Lewis.
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.
The European Union's failure to fully embrace blue fuels, produced using carbon capture, utilization and storage technologies, may hinder the region's pursuit of its aggressive decarbonization goals, say Hunter Johnston and Jeff Weiss at Steptoe & Johnson.
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.