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Corporate

  • 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

    Walmart Can't Decertify Massive Meal Break Class

    Walmart has lost a bid to decertify a class of at least 50,000 workers who claim the big-box retailer underpaid them for missed lunch breaks, with a California federal judge finding Tuesday that company records allowed the court to assess potential liability on a class basis.

  • November 13, 2018

    Ex-Grubhub Driver Asks 9th Circ. To Undo Contractor Ruling

    A former Grubhub Inc. driver asked the Ninth Circuit on Friday to reverse a finding that he’s an independent contractor and not an employee, insisting the worker classification standard set by the California Supreme Court's Dynamex ruling upended it.

  • November 13, 2018

    Ex-CEO Accused Of Tipping Oriole Reaches $1.5M SEC Deal

    The former CEO of a medical optics firm accused of passing insider information to a former Baltimore Orioles player reached a $1.5 million deal with the U.S. Securities and Exchange Commission, according to papers filed in California federal court Tuesday.

  • November 13, 2018

    Experian Strikes $22M Deal Over T-Mobile Data Breach

    Experian has asked for preliminary approval of a $22 million class action settlement in California federal court, ending privacy claims from 15 million T-Mobile customers who had their information released in a data breach.

  • November 13, 2018

    McDonald's Shakes ADA Suit Over Drive-Thru Access

    An Illinois federal judge on Tuesday put a stop to a proposed nationwide class action alleging the fast-food chain's "late-night," drive-thru-only policy excludes those who can't drive in the dark, saying the customer's claims are too general to bring the suit.

  • November 13, 2018

    Law Departments Are Keeping More Legal Spending In-House

    Law department leaders are using more of their budget on internal legal services than on outside counsel, in addition to building up their in-house capabilities and improving efficiencies, according to a recent survey of general counsel and chief legal officers.

  • November 13, 2018

    DC Council Gives First Approval To Post-Wayfair Bill

    The District of Columbia would begin requiring remote retailers to collect and remit sales and use tax on Jan. 1, under legislation given preliminary approval Tuesday by the district council.

  • November 13, 2018

    6 Broadcasters Settle With DOJ To Resolve Antitrust Probe

    The U.S. Department of Justice has reached a settlement with six broadcast television companies to resolve a complaint by the DOJ's Antitrust Division in D.C. federal court that the companies shared pricing information, the department announced Tuesday.

  • November 13, 2018

    US, China Still At Odds Over Trade As G-20 Summit Looms

    As President Donald Trump and Chinese President Xi Jinping prepare for their high-stakes sitdown at next week's G-20 summit in Argentina, the two governments remain at odds over a slew of trade issues, chiefly the White House's various moves to restrict trade with China on the basis of national security.

  • November 13, 2018

    JetBlue Upgrades Atty To General Counsel Seat

    JetBlue Airways Corp. has appointed an in-house attorney as its next general counsel and corporate secretary, the company announced Tuesday.

  • November 13, 2018

    Amazon Unveils $5B Plan For NY, Va. Headquarters

    Amazon Inc. said on Tuesday that it has selected New York City and Arlington, Virginia, as the two locations for its new headquarters, laying out a plan that would see the e-commerce giant invest $5 billion and create more than 50,000 full-time jobs across the two locations.

  • November 13, 2018

    Trump Cheers Cable Group's Call For Comcast Antitrust Probe

    President Donald Trump on Monday said he supported a call by a cable industry group to investigate alleged anti-competitive activity by Comcast Corp., specifically with regard to its merger with NBC Universal.

  • November 9, 2018

    GCs Predict Spending Spike For Firms In Cybersecurity, M&A

    Continuing a steady uptick in outside counsel spending, top legal decision makers are projected to spend billions more on law firms next year, with areas like cybersecurity and data privacy and mergers and acquisitions expected to see big gains, according to a report released Monday.

  • November 9, 2018

    Facebook, Google Won’t Make Harassed Workers Arbitrate

    Facebook Inc. announced Friday that it will no longer make its workers who claim they have been sexually harassed arbitrate their claims, following Google LLC, which made a similar announcement on Thursday.

  • November 9, 2018

    EEOC Secured $505M For Workers In Banner FY 2018

    Employers paid about $505 million to nearly 70,000 workers in connection with U.S. Equal Employment Opportunity Commission actions in fiscal year 2018, the agency announced Friday in a report detailing these and other enforcement statistics.

  • November 9, 2018

    Equifax, Oracle Accused Of Flouting GDPR Data Use Rules

    A British advocacy group is urging European privacy regulators to investigate Equifax, Oracle, Acxiom and several other data brokers and ad-tech companies for allegedly exploiting millions of people's personal data in violation of the bloc's stringent General Data Protection Regulation. 

  • 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.

  • November 9, 2018

    Third Point Scales Back Campbell Board Takeover Bid

    Hedge fund Third Point LLC on Friday scaled back its bid to control Campbell Soup Co.’s board following what it called “decades of underperformance,” announcing its intent to nominate five independent director nominees instead of the originally planned 12.

  • November 9, 2018

    BMW, Daimler Car-Share Merger Wins EU Approval

    German automakers BMW and Daimler were given the green light by the European Commission to merge their car-sharing, ride-hailing and other mobility services, provided they make concessions to allay the watchdog’s concerns about a potential monopoly in six cities.

Expert Analysis

  • Section 965 Basis Election — For A Limited Time Only

    David Sites

    In October, the IRS gave taxpayers more time to make basis adjustment elections under Internal Revenue Code Section 965. This welcome relief alleviates the burden of undertaking complex analyses in a short period of time without the benefit of final regulations, say David Sites and Cory Perry of Grant Thornton LLP.

  • 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.

  • Shaping Health Care In America Through M&A And Innovation

    Mark Goran

    Research conducted by our firm explores two different kinds of health care transactions, shedding light on why they are occurring and areas where we expect to see future deals proliferate, say Mark Goran and Michael Dolan of Polsinelli PC.

  • New Regs May Substantially Impact Multinational Financing

    David Goett

    If the proposed Internal Revenue Code Section 956 regulations are finalized as written, both actual and deemed repatriations would be tax-free in the United States to 10 percent corporate shareholders without associated foreign tax credits brought up to the shareholder, say attorneys at Mayer Brown LLP.

  • DOJ's Yates Memo Has Little Effect On Antitrust Division

    Eric Meiring

    Since the Yates memo on individual accountability for corporate crimes was issued in 2015, the overall number of criminal antitrust cases is down significantly, and the prosecutions of Steppig, Maruyasu and Lischewski illustrate the policy's lack of lasting impact, say Eric Meiring and Brandon Duke of Winston & Strawn LLP.

  • 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.

  • Can TCJA Save The Corporate Income Tax?

    Joyce Beebe

    Federal government revenue from corporate income tax has steadily declined since the start of the postwar era. Joyce Beebe and Jorge Barro at the Baker Institute for Public Policy consider how recent tax reforms may shift this trend.

  • Beware FCPA Risks When Courting Foreign Investment

    Brandt Leibe

    As the growth of foreign direct investments in the U.S. continues, companies and their employees should focus on the risk that they are interacting with “foreign officials” — as defined by the Foreign Corrupt Practices Act and the courts — even if that interaction takes place entirely within the U.S., say attorneys with King & Spalding LLP.

  • Top 10 Employer Takeaways From Midterm Election Results

    Richard Meneghello

    In Tuesday's midterm elections, Democrats recaptured the House for the first time in eight years while Republicans retained and strengthened their grip on the Senate. Richard Meneghello and Benjamin Ebbink of Fisher Phillips break down what this means for employers.