Latham-Led Bending Spoons Leads Trio Of IPOs Topping $2B

By Jade Martinez-Pogue

Italian mobile app developer Bending Spoons hit the public markets after raising $1.7 billion in its initial public offering, marking the largest of three IPOs to begin trading on Wednesday, exceeding $2.1 billion in total deal volume.

Read full article » | Save to favorites »

Molson Coors Worker's Suit Over 401(k) Fund Falls Flat

By Grace Elletson

A Wisconsin federal judge shut down a worker's suit claiming beer manufacturer Molson Coors unlawfully kept a lackluster Fidelity investment fund in its $1.5 billion retirement plan, saying the worker hadn't identified a comparable fund that would have brought better returns.

Order attached | Read full article » | Save to favorites »

Hogan Lovells Cadwalader Sees 'Opportunity' In Boston

By Chris Villani

With the official launch of Hogan Lovells Cadwalader, Boston attorneys at Hogan Lovells are expecting the firm to be able to leverage Cadwalader's strengths and some of the Hub's unique traits in what they call a truly "additive" merger.

Read full article » | Save to favorites »

Bankrupt EV Co.'s Execs Reach $20M Investor Deal

By Sydney Price

Executives of bankrupt electric vehicle startup Canoo Inc. have reached a $20 million deal with the company's shareholders to end claims that they misled investors about its go-to-market strategy ahead of its merger with a special purpose acquisition company in 2021.

Settlement attached | Read full article » | Save to favorites »

Brief

Calif. Man Gets 21 Months For Sports Memorabilia Fraud

By Ganesh Setty

A California resident has been sentenced to 21 months in prison after pleading guilty in December to one count of wire fraud for knowingly selling counterfeit baseball memorabilia he claimed was from MLB Hall of Famer Willie Mays.

Read full article » | Save to favorites »

PCAOB Names Ex-Venable Partner As GC

By Jessica Corso

The Public Company Accounting Oversight Board has named a former Venable LLP partner as its new general counsel, where he will be tasked with providing legal advice to an agency that is currently undergoing leadership changes.

Read full article » | Save to favorites »

More Cos. Will Copy SpaceX's Shareholder Proposal Opt-Out

For more than 80 years, the shareholder proposal looked like a federal right guaranteed to all public company investors, but after SpaceX opted out before its recent initial public offering, other companies are likely to follow, says Mohsen Manesh at the University of Oregon School of Law.

Read full article » | Save to favorites »

Attorney Mental Health Is An Ethical Obligation In The AI Era

As attorneys cope with the increasing unpredictability that artificial intelligence and constant policy changes have created, particularly in practice areas where they carry the emotional weight of clients’ most consequential life events, otherwise soft discussions about self-care are a matter of professional competence, says attorney Jack Jrada.

Read full article » | Save to favorites »

Goldstein Calls Gov't's Attack On Text Messages 'Hypocrisy'

By Jared Foretek

Lawyers for convicted SCOTUSblog founder Thomas Goldstein have rejected prosecutors' claims that the famed U.S. Supreme Court lawyer may have deleted messages between himself and his poker backers, calling the government "hypocritical" after it had previously argued that Goldstein could authenticate the messages if he took the stand at trial.

Response attached | Read full article » | Save to favorites »

Judiciary Dems Seek DOJ Replies Before Blanche Hearing

By Courtney Bublé

Ahead of acting Attorney General Todd Blanche's confirmation hearing for the permanent position, Democrats on the Senate Judiciary Committee are demanding he provide answers to their outstanding oversight inquiries.

Letter attached | Read full article » | Save to favorites »

Brief

Texas Federal Judge Requires Confirmation Of AI Checks

By Emily Sawicki

Attorneys and self-represented parties appearing before U.S. District Judge Ernest Gonzalez of the Western District of Texas are now required to certify that they have independently verified the contents of any filings created or edited using artificial intelligence.

Order attached | Read full article » | Save to favorites »

'Do Your Part,' Mass. Judge Chides Read Case Attys Post-Leak

By Cara Salvatore

A Massachusetts judge on Wednesday lectured counsel in the high-profile civil case against Karen Read, the Massachusetts woman acquitted of murdering her Boston police officer boyfriend, to honor their ethical obligations after sensitive information leaked on social media.

Read full article » | Save to favorites »

U Of Ky. Appoints Controversial Dean Pick For Law School

By Courtney Bublé

U.S. District Judge Gregory Van Tatenhove of the Eastern District of Kentucky will retire from the bench later this month to become dean of the University of Kentucky's J. David Rosenberg College of Law, a move that sparked controversy in the state.

Read full article » | Save to favorites »

Wash. Atty Loses Bid For Jury In Dispute Over Bar Sanctions

By Emily Sawicki

A Washington lawyer sanctioned and disciplined for bringing a "frivolous" election suit in 2021 against then-Gov. Jay Inslee has lost her bid to have her ethics charges heard by a jury, with a state appeals panel finding no error in a trial court's ruling that it lacked jurisdiction to take on the disciplinary matter.

Opinion attached | Read full article » | Save to favorites »

Analysis

High Court's Guardrails Won't Ease Fight Over Trans Athletes

By Alex Lawson

The U.S. Supreme Court's decision permitting states to ban transgender athletes from girls' sports was written in simple terms, but attorneys tracking the issue see the ruling as a flashpoint for further litigation.

Read full article » | Save to favorites »

Analysis

Plea Deals Get Scrutiny In 'Hunter,' But Justices Stay Cautious

By Brandon Lowrey

The shock for Mary Fan came almost immediately after she began her career as a federal prosecutor in Southern California in the mid-2000s.

Read full article » | Save to favorites »

5 NYC Legal Service Provider Union Contracts Have Expired

By Andrea Keckley

The collective bargaining agreements for five New York City-based indigent defense and civil legal aid providers expired at the end of the day Tuesday as multiple unions reported outstanding points of contention in their negotiations.

Read full article » | Save to favorites »

Watchdog Says DOL Needs Better Info Sharing Controls

By Kellie Mejdrich

The U.S. Department of Labor's lack of controls over information sharing between subagencies and nongovernmental entities, including law firms and legal advocacy organizations, may have unfairly advantaged those parties with privileged investigative information, an agency watchdog reported, though use of the practice has dropped off. 

Report attached | Read full article » | Save to favorites »

Roundup

The Top In-House Hires Of June

By Michele Gorman

Legal department hires during the past month included high-profile appointments at Bayer, Harley-Davidson and PBS. Here, Law360 Pulse looks at some of the top in-house announcements from June.

Read full article » | Save to favorites »