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Automotive

  • November 15, 2018

    Cleary Gottlieb-Led Chinese Fintech Weidai Prices $45M IPO

    Chinese automotive-backed loan provider Weidai Ltd. debuted on the New York Stock Exchange Thursday after pricing shares at $10 apiece, raising $45 million in an initial public offering guided by Cleary Gottlieb Steen & Hamilton LLP.

  • November 15, 2018

    NAFTA Rewrite Causes Angst In Auto Sector

    The Trump administration’s changes to the North American Free Trade Agreement’s automotive rules were made with an eye toward boosting production in the region, but both corporate and labor interests in the car sector on Thursday voiced skepticism as to whether the deal could deliver on its promise.

  • November 15, 2018

    Spectrum Sells Auto Care Biz To Energizer In $1.25B Deal

    Spectrum Brands Holdings Inc. said Thursday it will sell its automotive care business to Energizer Holdings Inc. in a deal worth $1.25 billion, with Bryan Cave Leighton Paisner LLP guiding the buyer and Paul Weiss Rifkind Wharton & Garrison LLP and Baker McKenzie steering the seller.

  • November 14, 2018

    EPA Eases Hazmat Rules For Discarded Takata Air Bag Parts

    The U.S. Environmental Protection Agency said Wednesday that it will ease hazardous waste regulations for auto dealerships, repair facilities and scrap yards disposing of potentially deadly Takata air bag inflators at the center of a sweeping 2015 national recall.

  • November 14, 2018

    Car Dealers Seek OK For $9.12M Deal In KYB Antitrust Action

    Japanese auto parts maker KYB Corp. will pay car dealers $9.12 million to settle an antitrust action accusing it of fixing the prices of shock absorbers, according to the dealers’ request for preliminary approval in a Michigan federal court Wednesday.

  • November 14, 2018

    VW, Bosch Say Dealerships' RICO Losses Are Intangible

    Volkswagen AG and Robert Bosch GmbH said Tuesday in California federal court that businesses that invested in building new Volkswagen dealerships or expanding existing dealerships in the midst of the German automaker's 2015 emissions-cheating scandal have overblown their claims of a conspiracy and financial losses from Volkswagen’s reputational hit.

  • November 14, 2018

    Pillsbury Steers Electric Vehicle Co. On $210M Funding Round

    Electric vehicle manufacturer Nikola Corp. on Wednesday said it snapped up $210 million from a funding round steered by Pillsbury Winthrop Shaw Pittman LLP, as the Arizona-based company looks to continue rolling out its lineup of hydrogen-powered semi trucks.

  • November 14, 2018

    Fla. Ford Dealer Agrees To $4.8M Robocalls Settlement

    A Ford dealership and the recipients of its unwanted automated advertising messages have reached a preliminary $4.8 million settlement in a proposed class action accusing it of violating federal communications law, according to a motion filed in Florida federal court.

  • November 13, 2018

    Toyota Drivers Seek To Keep Distributor In Faulty HVAC Suit

    Drivers in a proposed class action have asserted in Florida federal court that Southeast Toyota Distributors LLC knew its cars had defective ventilation systems but said nothing, an act of omission that should keep it on the hook despite its attempts to get out of the case.

  • November 13, 2018

    Uber Board Wasn't Conflicted Before Otto Deal, Chancery Told

    Attorneys for Uber and its directors told a Delaware vice chancellor Tuesday that stockholders who challenged the company’s disastrous, $680 million deal to buy self-driving vehicle startup Ottomotto failed to show that company directors were too conflicted to assess failures and pursue damages.

  • November 13, 2018

    Top Securities Atty Ditches Tesla In The Wake Of SEC Deals

    One of Tesla Inc.'s top securities lawyers has left the Silicon Valley-based electric car maker, less than two months after Tesla and its CEO Elon Musk agreed to pay the U.S. Securities and Exchange Commission $20 million apiece to resolve securities fraud claims.

  • November 13, 2018

    Hertz Say Consumer's Words Discredit Suit On Rental Fees

    The Hertz Corp. is asking an Illinois federal judge to end a proposed class action claiming the rental car company uses misleading names for some of its rental surcharges, saying the consumer has admitted she did not see the names used for the charges before she rented her car.

  • November 13, 2018

    Deals Rumor Mill: WeWork, Aramco, BMW

    WeWork nabbed $3 billion from SoftBank, Saudi Aramco still plans to go public, and BMW is talking to banks while it weighs selling off its credit card unit.

  • November 13, 2018

    EPA Rolls Out 'Cleaner Trucks' Initiative

    U.S. Environmental Protection Agency Administrator Andrew Wheeler on Tuesday announced a future rulemaking that will “further decrease” nitrogen oxide emissions for certain heavy-duty trucks and engines while promising to also ensure regulatory certainty for industry.

  • November 13, 2018

    Jury Awards $260M After Man's Death In Crash

    A Texas jury has awarded $260 million over an accident in which a man was killed when his van ran into the side of a tractor-trailer positioned across all four lanes of a highway, according to the victim's parents' lawyers.

  • November 13, 2018

    VW Investors Challenge Bid To Toss Antitrust Stock-Drop Suit

    Volkswagen AG shareholders have pushed back against the carmaker's bid to escape antitrust and securities fraud charges in a proposed class action, telling a New York federal court that they properly backed their argument that the German automaker engaged in illegal conduct.

  • November 13, 2018

    Simpson Thacher Leads Johnson Controls In $13.2B Unit Sale

    Johnson Controls, advised by Simpson Thacher & Bartlett LLP, said Tuesday it will sell its power solutions business for $13.2 billion to Brookfield Business Partners LP and other investors, as the technology and industrial company looks to cut noncore assets and improve its financial position.

  • November 9, 2018

    UK Litigation Roundup: Here's What You Missed In London

    The last week has seen a pair of disputes involving asset manager CGrowth, another suit from private equity-linked firms taking on parties linked to Thailand's KPN Group and Kodak bring a competition case against Goldman, Glencore and others the film giant has accused of manipulating aluminum prices in the U.S. Here, Law360 looks at those and other new claims in the U.K.

  • November 9, 2018

    VW Slams Drivers' Bid To Revive Suspension Defect Claims

    Volkswagen said Friday that a Florida federal judge properly dismissed multiple counts from a proposed consumer class action alleging it sold CC model sedans with suspension defects, so there’s no need to grant consumers’ motion to revisit the ruling. 

  • November 9, 2018

    Tesla's $55B Musk Pay Deal Unfair, Investor Tells Chancery

    A 10-year Tesla compensation plan offering founder and CEO Elon Musk as much as $55.8 billion cannot avoid Delaware Chancery Court’s tough entire fairness review standards, despite director claims that more-permissive standards apply, an investor who challenged the deal argued Friday.

Expert Analysis

  • Q&A

    A Chat With Bryan Cave Innovation Chief Katie DeBord

    Katie DeBord

    In this monthly series, Amanda Brady of Major Lindsey & Africa interviews management from top law firms about the increasingly competitive business environment. Here we feature Katie DeBord, chief innovation officer at Bryan Cave Leighton Paisner LLP.

  • Simple Secrets For Improving Your CLE

    Daniel Karon

    With few cases going to trial, many attorneys keep their oral-presentation skills sharp by teaching continuing legal education programs. To avoid giving a CLE that falls flat and damages your reputation, you must fashion a thoughtful message, control its presentation, and nail the beginning and ending, says Daniel Karon of Karon LLC.

  • It’s Time For Law Firms To Start Talking About Gen Z

    Eliza Stoker

    Since the oldest members of Generation Z aren’t even finished with law school yet, law firm management is in a unique position to prepare for their entrance into the legal workforce, says Eliza Stoker of Major Lindsey & Africa.

  • What To Expect From New Democratic Investigation Efforts

    Reginald Brown

    The new Democratic House majority is expected to direct much of its attention to executive branch oversight and accountability. Companies and their legal counsel should be prepared for a dramatically changed collateral environment as investigations cover a wide range of topics, say attorneys at WilmerHale.

  • Q&A

    Back To School: Yale's Linda Greenhouse Talks Journalism

    Linda Greenhouse

    In this series featuring law school luminaries, Yale Law School lecturer and Pulitzer Prize-winning reporter Linda Greenhouse discusses her coverage of the U.S. Supreme Court, the conservatives' long game and trends in journalism.

  • Opinion

    Celebrate Veterans By Improving Their Access To Justice

    Linda Klein

    Attorneys should think beyond the Veterans Day parades and use their time and talents to help the many veterans facing urgent legal issues, says Linda Klein of Baker Donelson Bearman Caldwell & Berkowitz PC.

  • Opinion

    Time To Reclaim Wellness For All Lawyers

    Leesa Klepper

    The decision last month by Baker McKenzie’s global chairman to step down due to exhaustion indicates that the legal profession needs to mount a broader wellness effort to address long hours, high stress, frequent travel and the daily demands of practice, says Leesa Klepper, director of Thrivewell Coaching.

  • San Francisco Starts Down Road To Autonomous Vehicle Tax

    Benjamin Ebbink

    California Assembly Bill 1184, passed in September, authorizes a new tax on privately owned autonomous vehicles. This is likely the first of many pieces of similar legislation across the nation as policymakers grapple with the impact of automated technology on the economy and the job market, says Benjamin Ebbink of Fisher & Phillips LLP.

  • How Blockchain Can Certify Global Supply Chains

    Rebecca Campbell

    Companies in mining and other industries are seeking to demonstrate the sustainability and ethical integrity of their products and supply chains. Because of its ability to improve transparency and accountability through incorruptible data sharing, blockchain may be ideal for this purpose, say attorneys with White & Case LLP.

  • Test Driving 3 Senate Bills To Amend Plug-In EV Tax Credits

    Erica York

    Three pending Senate bills to amend the federal tax credit for plug-in electric vehicles range from immediately ending the credit to expanding and extending it for another decade. Erica York of the Tax Foundation weighs in on the pros and cons of each proposal.