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Corporate
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February 06, 2026
Mangione's NY State Trial Set for June, Before Feds' Case
A New York state court judge said Friday that Luigi Mangione's state murder charges will go to trial this summer ahead of his federal case, waving off concerns from defense counsel about the difficulty of trying the state case three months before a federal trial.
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February 06, 2026
GC Cheat Sheet: The Hottest Corporate News Of The Week
Attacks on alleged anticompetitive behavior took the spotlight in the past week, with a federal jury ordering medical device maker Medtronic to pay $382 million for its monopolistic practices, including bundling sales and punishing customers for using rival products. And the Federal Trade Commission warned 42 law firms that participating in the Diversity Lab's diversity, equity and inclusion program could constitute anticompetitive collusion.
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February 06, 2026
Tobacco Cos. Clash Over Florida Settlement Costs
A duel involving major tobacco manufacturers has hit the Delaware Chancery Court as Philip Morris USA Inc. is bringing an equitable challenge that it says was left unresolved after it was barred from intervening in earlier litigation between Reynolds American Inc. and ITG Brands LLC over tobacco settlement payments owed to Florida.
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February 05, 2026
Tesla Applicants Fight Uphill To Keep H-1B Visa Bias Suit Alive
A California federal judge appeared open Thursday to tossing a proposed class action alleging Tesla discriminates against American workers by favoring allegedly underpaid H-1B visa holders, telling counsel repeatedly during a hearing the allegations seem to be "speculation."
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February 05, 2026
Ex-Exec At Perot's VC Firm Says Boss Owes Him For $2B Sale
A Dallas businessman sued billionaire Ross Perot Jr. in Texas state court on Thursday saying Perot stiffed him out of his rightful equity interest in a healthcare company that sold for $2 billion and refused to honor an explicit promise.
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February 05, 2026
BNY Mellon Can't Sue Investor In Texas Over Facility Funding
A Texas appellate court determined Thursday that Bank of New York Mellon Trust Co.'s suit against the company that purchased senior revenue certificates for a student housing facility does not belong in the Lone Star State, saying the bank failed to demonstrate that the company's conduct tied it to Texas.
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February 05, 2026
Meta Must Redo User Engagement Data In Mental Health MDL
A California federal judge overseeing discovery in litigation against social media giants over their effect on youth mental health ordered Meta to provide plaintiffs with updated data on the amount of time users spend on Instagram and Facebook, after state attorneys general argued Meta had skewed the times downward.
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February 05, 2026
NYAG's Insider Trading Case A Power Grab, Judge Told
The former CEO of healthcare contractor Emergent BioSolutions Inc. has removed to federal court New York Attorney General Letitia James' insider trading case against him, alleging James is trying to expand her office's power through claims that concern questions of federal law.
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February 05, 2026
BlackRock Arm Faces Investor Suit Over Lending Losses
A BlackRock subsidiary that finances middle-market companies is facing a proposed class action in California federal court accusing it of failing to warn investors about the ballooning number of portfolio companies struggling to pay back their loans.
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February 05, 2026
E.L.F. Beauty Investors Told To Revise Inventory Fraud Claims
Investors of cosmetics giant e.l.f. Beauty were told by a California federal judge that they must rework parts of their suit accusing the company and its executives of hiding growing inventory issues stemming from inadequate sales, including claims accusing Elf's chief financial officer of fraud.
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February 05, 2026
Tyson Won't Have To Hand Over Poultry Welfare Records
The Delaware Chancery Court on Thursday recommended against greenlighting a Tyson Foods Inc. stockholder's effort to obtain wide-ranging internal records about poultry welfare and labor practices, concluding the plaintiff failed to show a credible basis to suspect corporate wrongdoing that would justify further inspection.
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February 05, 2026
Uber Hit With $8.5M Verdict In 1st Fed. Sex Assault Bellwether
An Arizona federal jury on Thursday found that Uber wasn't negligent with respect to rider safety but was liable for the actions of a driver who allegedly sexually assaulted a passenger in 2023, awarding the rider $8.5 million in damages in the first such federal bellwether trial.
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February 05, 2026
Novo Threatens Hims & Hers With Suit Over GLP-1 'Knockoff'
Novo Nordisk said in a Thursday announcement it plans to take legal action against Hims & Hers Health Inc. after the telehealth company revealed a "knockoff" version of Novo's popular weight loss drug Wegovy earlier in the day.
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February 05, 2026
Apple Avoids Heightened EU Rules For Ads, Maps
The European Commission announced Thursday that Apple's Ads and Maps features aren't used enough in the European Union to warrant imposing interoperability and other obligations foisted on other services from Apple and other major technology companies deemed "gatekeepers" under the Digital Markets Act.
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February 05, 2026
OpenAI Rips Bid For Exec's Personal Journal In IP Litigation
OpenAI urged a New York federal judge Wednesday to reject a demand by authors and newspapers for the OpenAI president's "personal journal" in their copyright litigation, arguing the request is unwarranted and a "severe invasion of privacy," even if excerpts were recently revealed in OpenAI's separate litigation with Elon Musk.
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February 05, 2026
Medtronic Hit With $382M Antitrust Verdict Over Bundling
A California federal jury on Thursday ordered Medtronic to pay nearly $382 million to business rival Applied Medical for antitrust violations, finding the medical device giant illegally used its monopoly power to crush competition in the market for a type of surgical instrument called an advanced bipolar device.
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February 05, 2026
Trump Admin Finalizes Rule Facilitating Federal Worker Firings
The Trump administration Thursday announced a final rule to create a new category of federal workers who would have fewer job protections and be easier to fire, implementing an executive order from early last year that could affect 50,000 employees at federal agencies.
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February 05, 2026
Cooley Adds Ex-Kirkland Corporate Real Estate Leader In NY
Cooley LLP announced it has hired the former leader of Kirkland & Ellis LLP's corporate real estate team.
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February 05, 2026
Alston & Bird Hires Ex-Baker McKenzie Tech, Privacy Pro
Alston & Bird LLP has added a technology and privacy specialist previously with Baker McKenzie as a partner in its Silicon Valley office, the firm announced Thursday.
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February 04, 2026
Albright Axes Texas' Anti-ESG Law As Unconstitutional
Texas' law restricting state investments with financial firms and businesses that want to reduce their reliance on fossil fuels is both "overbroad and unconstitutionally vague," a federal judge has ruled, handing a sustainability-focused business group a summary judgment victory.
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February 04, 2026
Medtronic Owes $381M For Antitrust 'War Games,' Jury Told
An attorney for Applied Medical told a California federal jury Wednesday during closing arguments in an antitrust trial against Medtronic that internal documents from the medical device giant show it played illegal "war games" against his client and should pay up to $381 million.
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February 04, 2026
Wash. AG Defends 'Constitutional' Anti-Spam Law In Ulta Suit
Washington's attorney general is defending the constitutionality of a state anti-spam law, denying arguments by beauty retailer Ulta that the statute is an undue burden on interstate commerce and runs afoul of federal law.
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February 04, 2026
Class Attys In Del. Northwest Biotherapeutics Praise Deal
Delaware Chancery Court has lined up a March 16 settlement hearing for a four-year stockholder lawsuit alleging insiders of Northwest Biotherapeutics Inc. received $40 million in stock awards, with proposals including a call for the company to forfeit nearly 22.9 million stock options and it receiving $2.25 million.
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February 04, 2026
'Extraordinary Circumstances': Elon Musk Faces USAID Depo
A Maryland federal judge on Wednesday said billionaire Elon Musk must testify in litigation filed by U.S. Agency for International Development employees claiming he illegally dismantled the foreign aid agency while head of the advisory organization known as the Department of Government Efficiency, saying "extraordinary circumstances justify the deposition."
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February 04, 2026
Oracle Oversold AI Infrastructure Spending, Investor Says
An Oracle Corp. shareholder has accused the company in Delaware federal court of overly promising that its increased spending on artificial intelligence infrastructure would accelerate revenue growth despite concerns about its increasing contractual reliance on OpenAI, saying OpenAI itself is beholden to "AI tailwinds continuing and its models being a market leader."
Expert Analysis
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What Businesses Offering AI Should Expect From The FTC
The Federal Trade Commission's move to reopen and set aside an administrative order against Rytr shows that the FTC is serious about executing on the administration's Artificial Intelligence Action Plan, and won't stand in the way of businesses offering AI products with pro-consumer, legitimate uses, say attorneys at Reed Smith.
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Crypto-Asset Strategy For Corporate Legal Leaders In 2026
As digital assets experience increased regulatory clarity, institutional adoption and technological maturity, in-house legal leaders must build strong policies this year and stay engaged with the evolving market to help their companies seize the opportunities of the digital asset era while managing the risks, say attorneys at Foley & Lardner.
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What US Cos. Must Know To Comply With Italy's AI Law
Italy's newly effective artificial intelligence law means U.S. companies operating in Italy or serving Italian customers must now meet EU AI Act obligations as well as Italy-specific requirements, including immediately enforceable criminal penalties, designated national authorities and sector-specific mandates, say attorneys at Portolano Cavallo.
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Cybersecurity Must Remain Financial Sector's Focus In 2026
In 2026, financial institutions face a wave of more prescriptive cybersecurity legal requirements demanding clearer governance, faster incident reporting, and stronger oversight of third-party and AI-driven risks, making it crucial to understand these issues before they materialize into crises, say attorneys at Sidley.
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How 2025 Recalibrated Fair Use For The AI Era
Although the Second Circuit's decision last year in Romanova v. Amilus Inc. did not involve artificial intelligence, its formulation of relevant fair use factors provides a useful guide for lower courts examining AI cases in 2026, demanding close attention from legal practitioners on both sides of these disputes, say attorneys at Cleary.
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2026 Int'l Arbitration Trends: Next Steps In Age Of AI, Crypto
Parties' use of artificial intelligence and blockchain technologies will continue in 2026, and international arbitrators will be called upon to evolve by building expertise in blockchain functionality, cryptography and decentralized finance protocols, and understanding the power and limitations of large language models, say attorneys at Cleary.
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Presidential Pardon Brokering Can Create Risks For Attys
The emergence of an apparent “pardon shopping” marketplace, in which attorneys treat presidential pardons as a market product, may invite investigative scrutiny of counsel and potential criminal charges grounded in bribery, wire fraud and other statutes, says David Klasing at The Tax Law Offices of David W. Klasing.
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Series
Adapting To Private Practice: 5 Tips From Ex-SEC Unit Chief
My move to private practice has reaffirmed my belief in the value of adaptability, collaboration and strategic thinking — qualities that are essential not only for successful client outcomes, but also for sustained professional satisfaction, says Dabney O’Riordan at Fried Frank.
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Patent Applicants Must Get Biologics Enablement Right
As artificial intelligence increasingly becomes a core driver in drug discovery, it is critical for drug companies to adapt their drafting strategies to the unique features of AI-generated inventions, and to pay particularly close attention to enablement standards, says Sanandan Malhotra at Novo Nordisk.
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2026 Int'l Arbitration Trends: Awards Against Sovereign States
The enforcement of arbitral awards against sovereign states is one of the most contentious and rapidly evolving areas in international arbitration, with three defining issues on the 2026 horizon: the scope of sovereign immunity, assignability of rights, and availability of fraud and corruption defenses, say attorneys at Cleary.
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Series
Law School's Missed Lessons: How To Start A Law Firm
Launching and sustaining a law firm requires skills most law schools don't teach, but every lawyer should understand a few core principles that can make the leap calculated rather than reckless, says Sam Katz at Athlaw.
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5 Compliance Takeaways From FINRA's Oversight Report
The priorities outlined in the Financial Industry Regulatory Authority's recently released annual oversight report focus on the organization's core mission of protecting investors, with AI being the sole new topic area, but financial firms can expect further reforms aimed at efficiency and modernization, say attorneys at Armstrong Teasdale.
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How SEC Civil Penalties Became Arbitrary: 3 Potential Fixes
Data shows that the U.S. Securities and Exchange Commission's seemingly unlimited authority to levy monetary penalties on market participants has diverged far from the federal securities laws' limitations, but three reforms can help reverse the trend, say David Slovick at Kopecky Schumacher and Phil Lieberman at Vanderbilt Law.
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Key False Claims Act Trends From The Last Year
The False Claims Act remains a powerful enforcement tool after some record verdicts and settlements in 2025, and while traditional fraud areas remain a priority, new initiatives are raising questions about its expanding application, says Veronica Nannis at Joseph Greenwald.
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2026 Int'l Arbitration Trends: Arbitral Seats In Flux
As political and legal landscapes continue to shift across key global jurisdictions, with Mexico and England instituting key judicial and arbitral reforms, respectively, international arbitration parties are becoming increasingly strategic in their selection of arbitral seats, say attorneys at Cleary.