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Compliance
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February 28, 2026
2nd Circuit Says IRS Can Apply Foreign Biz Reporting Penalty
The Internal Revenue Service may use administrative assessment to collect penalties from a taxpayer for failing to report control of a foreign business from 2005 to 2009, the Second Circuit held Friday, vacating a U.S. Tax Court ruling.
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February 27, 2026
Meta Targets Chinese Co. For 'Celeb-Bait' Ad Fraud Scheme
Meta Platforms Inc. has sued a Chinese technology company for what it described as a "celeb-bait" advertising scheme in which celebrities are featured in ads without their consent with the goal of tricking customers into clicking on them, according to a suit filed in California federal court.
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February 27, 2026
NetChoice Gets Va. Social Media Limits For Kids Blocked
A Virginia federal judge Friday preliminarily halted enforcement of the commonwealth's new law that limits children's access to social media, saying a trade group representing Meta Platforms, Google and other tech companies is likely to succeed on its contention that the law violates the First Amendment.
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February 27, 2026
Alabama ISP Wants To Pay Less For Rural Program Default
An Alabama telecom that won't be able to bring internet to five of the 26 rural census block groups it signed up for is hoping the Federal Communications Commission will allow it into a program that will give it time to pay back what it owes.
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February 27, 2026
Exxon's Bid To Pause Tribes' Climate Suit Met With Skepticism
A Washington state judge expressed reluctance on Friday to grant Exxon and other oil giants' request to pause two tribal lawsuits alleging a decades-long campaign to downplay the harm of fossil fuels until the U.S. Supreme Court weighs in on the viability of climate torts in a Colorado case.
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February 27, 2026
Prairie Farms Hit With $241M Verdict Over Dry Ice Death
An Illinois state jury on Friday awarded $241 million, including $191.5 million in punitive damages, to the family of a man who died while transporting dry ice for a Prairie Farms subsidiary as part of his job as a courier, according to the family's counsel.
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February 27, 2026
REIT Execs Hurt Investors With Dividend 'Reset,' Suit Says
Real estate investment trust Franklin BSP Realty Trust Inc. is facing a proposed investor class action in New York federal court alleging it concealed the possibility that it would cut its quarterly dividend payouts, hurting investors when it announced a dividend "reset" and its share price subsequently fell.
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February 27, 2026
Morgan Stanley Joins Ranks Of OCC Crypto Bank Hopefuls
Morgan Stanley has applied with the Office of the Comptroller of the Currency to launch a new crypto-focused national bank, adding its name to a growing list of institutions pursuing federal trust charters for digital asset businesses.
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February 27, 2026
Real Estate Recap: Tariff Twist, EB-5 Chatter, Clean Air Clarity
Catch up on this past week's key developments by state from Law360 Real Estate Authority — including real estate attorney reactions to the U.S. Supreme Court striking down certain tariffs, the EB-5 scene as deadlines loom and one BigLaw leader's insights into the potential overhaul of a key regulatory definition under the Clean Air Act.
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February 27, 2026
Trump Admin Says 9th Circ. Can't Revive Energy Orders Suit
The Trump administration has urged the Ninth Circuit to uphold the dismissal of a lawsuit by youths challenging President Donald Trump's energy-related emergency orders, saying the courts can't be used to micromanage U.S. energy policy.
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February 27, 2026
SEC Moves To Toss Suit Over 'Accredited Investor' Rule
The U.S. Securities and Exchange Commission is fighting a lawsuit challenging income limits that prohibit those making less than $200,000 a year from investing in the private markets, telling a Texas federal court that lifting income requirements could actually make it more difficult for businesses to find investors.
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February 27, 2026
OCC Finalizes Rule Confirming Trust Charter's Broader Scope
The Office of the Comptroller of the Currency on Friday finalized a rule amending its chartering regulations to make clear that national trust banks can go beyond managing assets for others, a tweak that could benefit fintech firms seeking charters and could draw the ire of banking groups.
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February 27, 2026
SEC Issues Final Rules For Foreign Private Issuer Reporting
The U.S. Securities and Exchange Commission on Friday adopted final rules requiring directors and officers of foreign private issuers to begin disclosing their holdings and transactions of the issuer's securities on March 18, as mandated under a new law aimed at cracking down on foreign insider trading.
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February 27, 2026
Altria-Juul Judge Details Class Cert. Decision In Antitrust Row
"Common, predominant questions abound" as to whether e-cigarette company Juul and tobacco giant Altria schemed to have Altria exit the e-cigarette market, a California federal judge has said in explaining why he granted class certification to classes of purchasers in antitrust litigation over Altria's past investment in Juul.
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February 27, 2026
Employment Authority: EEOC Eyes Harassment Case Law Fix
Law360 Employment Authority covers the biggest employment cases and trends. Catch up this week with coverage on U.S. Equal Employment Opportunity Commission attempts to clarify the standard for analyzing employer liability in third-party harassment cases, a proposed U.S. Department of Labor rule establishing whether a worker is an independent contractor or employee, and how a National Labor Relations Board member's recent assertion that he would rethink a longstanding merger doctrine provides a glimpse of the new board majority's views.
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February 27, 2026
Judge Expands Block On SNAP Cuts Over Data Demand
A California federal judge has broadened an injunction barring the U.S. Department of Agriculture from cutting off Supplemental Nutrition Assistance Program funding to 21 states and the District of Columbia, finding the states are likely to succeed in challenging the department's renewed demand for sensitive program data as unlawful.
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February 27, 2026
PG&E Investors' $100M Wildfire Suit Deal Gets Initial OK
California utility Pacific Gas & Electric Co., its brass, underwriters and shareholders have received initial approval of their $100 million deal settling claims the company misled investors about its safety practices ahead of deadly wildfires in the past decade.
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February 27, 2026
3rd Circ. Preview: Janssen, Penn State Prof. Seek Relief
A packed March argument calendar will put several high‑stakes disputes before the Third Circuit, including a billion‑dollar False Claims Act judgment and challenges at the intersection of academic freedom, DEI programming, cannabis‑sector finance and campus Title IX procedures.
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February 27, 2026
Bitcoin ATM Scam Suit Will Go To Arbitration, Ind. Judge Rules
A retiree's proposed class action claiming that Bitcoin Depot Inc. facilitates fraud schemes that target the elderly belongs in arbitration, an Indiana federal judge has ruled after finding the retiree agreed to the company's terms, which include an arbitration clause, each time he used one of their ATMs.
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February 27, 2026
With Practice's Launch, Jenner & Block Plants Flag In Space
Jenner & Block LLP has been working with space industry clients for years, representing heavy-hitters like General Dynamics and Aerojet Rocketdyne across multiple practice areas.
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February 27, 2026
GC Cheat Sheet: The Hottest Corporate News Of The Week
A proxy season preview report showed that nearly three-quarters of shareholder proposals for annual corporate meetings among Russell 3000 companies this year have gone to a vote. The U.S. Department of Labor unveiled the details of a long-awaited proposed rule to replace a previous administration's regulation outlining how to decide if a worker is an employee or independent contractor. These are among the stories in corporate legal news you may have missed in the past week.
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February 27, 2026
Freight Brokers Fear Liability Pileup In Pivotal Top Court Case
The U.S. Supreme Court will hear oral arguments Wednesday on whether freight brokers might also be liable for roadway crashes that have killed or injured people, in a case that could reshape liability standards in a commercial trucking industry unnerved by supersized verdicts against carriers and drivers.
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February 27, 2026
Army Corps Fights Bid To Void Alaskan Gold Mining Permit
The federal government is asking an Alaska district court to deny a bid by several Indigenous communities to vacate a permit associated with a placer gold mining project in the Bonanza Channel near Nome, saying its decision falls well within the "broad zone of reasonableness" under Supreme Court precedent.
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February 27, 2026
Tricolor Noteholders Say Big Banks Ignored Auto Loan Fraud
Securitized auto loan investors are suing JPMorgan, Barclays and Fifth Third in New York federal court, alleging the banks ignored glaring red flags and helped conceal a sprawling subprime auto loan fraud by Tricolor Holdings that collapsed in bankruptcy last year.
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February 27, 2026
121-Year-Old Ruling Still A Shot In The Arm For Vax Mandates
Having already withstood five global pandemics, 21 presidencies and more than a century of developments in both the law and public health policy, the U.S. Supreme Court's most durable precedent blessing mandatory vaccination is well positioned to survive a new wave of challenges, experts say.
Expert Analysis
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Health Co.'s 'Success Story' Misstep Holds HIPAA Lessons
Cadia Healthcare Facilities' fall settlement with the U.S. Department of Health and Human Services for improperly disclosing patients' protected health information in online success stories is an instructive example of Health Insurance Portability and Accountability Act risks that can arise from digital marketing efforts, say attorneys at Wood Rogers.
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After Learning Resources: A Practical Guide For US Importers
Following the U.S. Supreme Court's Feb. 20 decision in Learning Resources v. Trump, U.S. importers and consumers on whom tariffs were imposed under the International Emergency Economic Powers Act can seek relief through existing administrative procedures or a yet-to-be-determined bespoke refund mechanism, and should plan for more changes in the tariff landscape, say attorneys at Baker Botts.
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State, Federal Policies Complicate Fuel And Carbon Markets
As federal and state regulators advance a complex web of mandatory and voluntary programs and incentives that shape how transportation fuels are produced, traded and valued, new compliance obligations present both risks and opportunities for fuel market and carbon market participants alike, says Sarah Grey at Arnold & Porter.
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Opinion
AI-Assisted Arbitration Needs Safeguards To Ensure Fairness
As tribunals and arbitral institutions increasingly use artificial intelligence tools in their decision-making processes, clear disclosure standards and procedural safeguards are necessary to ensure that efficiency gains do not erode the fairness principles on which arbitration depends, says Alexander Lima at Wesco International.
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Logistics Update: What Immigrant Driver Rule Means For Cos.
The Federal Motor Carrier Safety Administration's new final rule restricting issuance of commerical driver's licenses for nondomiciled drivers will have immediate operational implications for motor carriers, but the broader effects will ripple through relationships between service providers and their sources of freight, including brokers and shippers, say attorneys at Benesch.
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What Recent Dataset Suits Signal For AI Training Litigation
Plaintiffs are moving away from abstract debates about artificial intelligence at large and toward dataset provenance, and three filings illustrate how provenance is pled using public dataset documentation, archives and discovery‑ready allegations about copying, retention and downstream handling, says Yulia Leshchenko at Name & Fame.
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How Del. High Court's Moelis Reversal Fits Into DExit Debate
By declining to decide the facial validity of the provisions at issue in Moelis & Co. v. West Palm Beach Firefighters Pension Fund, the Delaware Supreme Court's recent reversal of the Court of Chancery's 2024 ruling highlights broader implications for the ongoing debate over whether companies should incorporate elsewhere, say attorneys at Akin.
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Reforms To Bank Agency Appeal Processes May Boost Usage
The Federal Deposit Insurance Corp.'s and Office of the Comptroller of the Currency's recent proposed changes to their respective appeals processes are likely to increase banks' filing of supervisory appeals, thanks to the reinforcement that the appeals will not be met with retaliation, says Brendan Clegg at Luse Gorman.
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What New Packaging Waste Laws Mean For Franchisors
With states ramping up laws establishing extended producer responsibility programs for packaging materials, paper products and single-use food service ware, restaurant and hospitality franchisors face special compliance challenges as they navigate a delicate balance between conflicting priorities, say attorneys at Baker McKenzie.
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What's Next After NLRB Dismissal Of SpaceX Suit
Though the National Labor Relations Board’s recent decision to dismiss its long-running unfair labor practice complaint against SpaceX on jurisdictional grounds temporarily resolves a circuit split over injunctions, constitutional and employee-classification questions remain, say attorneys at Proskauer.
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Series
Playing Piano Makes Me A Better Lawyer
Playing piano and practicing law share many parallels relating to managing complexity: Just as hearing an entire musical passage in my head allows me to reliably deliver the message, thinking about the audience's impression helps me create a legal narrative that keeps the reader engaged, says Michael Shepherd at Fish & Richardson.
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AI Trade Secret Conviction Highlights Espionage Risks
A California federal court's conviction last month of an ex-Google engineer who stole artificial intelligence trade secrets for the benefit of China is the latest in a series of foreign economic espionage cases and illustrates the urgent need for U.S. companies to implement robust security measures, says attorney Peter Toren.
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A Look Inside The EEOC Probe Of Nike's DEI Practices
The U.S. Equal Employment Opportunity Commission's recent sweeping subpoena against Nike for alleged discrimination against white employees and applicants signals a dramatic change in enforcement posture toward diversity, equity and inclusion programs that were previously permissible, say attorneys at Husch Blackwell.
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11th Circ. May Bring Tectonic Shift To FCA Qui Tam Actions
The Eleventh Circuit's upcoming decision in Zafirov v. Florida Medical Associates, assessing whether the False Claims Act permits ordinary citizens to stand as officers of the federal government, could significantly limit private relators' ability to bring FCA actions, say attorneys at Saul Ewing.
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NYC Energy Storage Guidance Clarifies Compliance Pathways
The New York City Department of Buildings’ recently issued bulletin provides long-awaited clarity on how battery storage systems may generate greenhouse gas emissions deductions, materially expands compliance pathways for building owners and creates new opportunities for providers, say attorneys at Hodgson Russ.