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Corporate
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March 24, 2026
Iowa Asks 5th Circ. To Ax 'Uncertain' Schwab Antitrust Deal
Iowa's attorney general Monday pressed the Fifth Circuit to reject investors' deal with The Charles Schwab Corp. in an antitrust suit over its merger with TD Ameritrade, arguing it offers only uncertain and hypothetical relief to class members while giving named plaintiffs and class counsel a "windfall."
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March 24, 2026
AI Tools May 'Disrobe' Meta Of Section 230 Shield, Judge Says
A California federal judge trimmed Tuesday a proposed class action alleging Meta Platforms Inc. knowingly participated in a Chinese pump-and-dump scheme advertised on social media, but found there's a factual dispute over whether Meta's AI tools materially contributed to the "facially ridiculous" ads.
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March 24, 2026
FINRA CEO Highlights New Clearinghouse For Cyber Threats
Robert Cook, CEO of the Financial Industry Regulatory Authority, said Tuesday that it will soon be rolling out a clearinghouse for firms to report cybersecurity threats and to promote information sharing across the industry.
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March 24, 2026
Drug Co. Atara Hit With Investor Suit Over FDA Denial
Drug company Atara Biotherapeutics Inc. has been hit with a proposed class action accusing it of harming investors by not disclosing certain manufacturing problems and research study deficiencies that made it unlikely the U.S. Food and Drug Administration would approve its new drug application.
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March 24, 2026
Delaware Court Tosses Allied Gaming Suit, Awards $5.9M Fees
The Delaware Chancery Court on Tuesday dismissed a stockholder challenge to a disputed share issuance at Allied Gaming & Entertainment Inc. as moot, while ordering the company to pay nearly $5.94 million in attorney fees and expenses after finding that the litigation prompted the company to reverse course.
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March 24, 2026
Sarepta Urges Full Fed. Circ. To Wipe Out Gene Therapy IP
Sarepta Therapeutics Inc. wants the full Federal Circuit to rethink a decision reviving a University of Pennsylvania gene therapy patent, saying a panel got its analysis of patent eligibility wrong.
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March 24, 2026
Compliance Chiefs Offer Insight On AI In Financial Services
JPMorgan Chase & Co.'s chief compliance officer said Tuesday that artificial intelligence has proven "transformative" to her bank, and that she sees a time when compliance officers may come to supervise AI agents as the technology evolves.
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March 24, 2026
Publishers Say Anthropic's Use Of Lyrics Violates Copyrights
Music publishers have asked a California federal judge to rule that Anthropic infringed their copyrighted song lyrics through its Claude large language model, arguing in a motion for partial summary judgment that fair use does not excuse the AI developer's conduct because it used those lyrics to build a competing commercial product.
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March 24, 2026
Crypto Project Execs Escape Investors' Fraud, RICO Suit
A Tennessee federal judge has dismissed the alleged co-CEO and other executives of purported crypto projects from a suit accusing them of duping investors out of tens of millions of dollars with false promises of returns, finding the investors do not plausibly plead their fraud or racketeering claims.
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March 24, 2026
Ga. Exec Cops To Role In Alleged $380M Ponzi Scheme
The former chief administrative officer of an Atlanta-area financial advisory group pled guilty Tuesday to one count of money laundering in connection to her role in what prosecutors said was a $380 million Ponzi scheme.
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March 24, 2026
Meta Owes $375M In NM Trial Over Harm To Teens
A New Mexico jury said Tuesday that Meta must pay $375 million over the state attorney general's bellwether claims that the social media giant hid the full scope of mental health harm its apps were causing to underage users.
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March 24, 2026
FTC To Mull Caremark Deal In PBM Insulin Pricing Case
Federal Trade Commission staffers have asked to let the agency's commissioners consider a potential settlement with Caremark in a case accusing pharmacy benefit managers of inflating insulin prices through rebate schemes, following a recent deal with Express Scripts.
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March 24, 2026
Paul Hastings M&A, Energy Team Joins HSF Kramer In NY
Herbert Smith Freehills Kramer LLP announced on Tuesday that it has hired a team of transactional attorneys from Paul Hastings LLP, one of whom will head its Americas energy, mining and infrastructure team.
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March 24, 2026
Justices Asked To Revisit 9th Circ.'s Walmart Copyright Ruling
A sculptural lamp designer has asked the U.S. Supreme Court to review a split Ninth Circuit decision that overturned part of a copyright jury verdict against Walmart, arguing that the appellate court improperly reweighed trial evidence after the retailer failed to appeal the denial of its post-verdict motion for judgment as a matter of law.
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March 24, 2026
Beasley Allen Says NJ Justices Review Of Talc DQ 'Essential'
Beasley Allen urged the New Jersey Supreme Court to hear its appeal of a lower court's decision to disqualify it from representing plaintiffs in multicounty litigation over Johnson & Johnson's talc-based baby powder, arguing that the court's immediate review of the interlocutory order is "essential."
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March 24, 2026
Apple Flouting Mass. Law With Late Pay, Suit Says
A former Apple Store manager says the tech giant consistently paid her and hundreds of other Massachusetts workers later than permitted by state law, according to a proposed class action filed in state court.
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March 24, 2026
$18M Deal Sparks Noncompete Fight In Del. Chancery
Enviracore Services Group LLC has sued the former owner of an environmental services company it bought for about $18 million, accusing him of flouting a noncompete agreement, diverting business and withholding key assets in a dispute now before the Delaware Court of Chancery.
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March 23, 2026
Meta Ends WhatsApp Security Head's Retaliation Suit For Now
A California federal judge dismissed, for now, a retaliation claim by a former Meta employee who claimed he was fired after reporting cybersecurity shortfalls concerning WhatsApp, finding the plaintiff's complaints aren't protected under the Sarbanes-Oxley Act since his cybersecurity violation reports don't relate to internal accounting controls.
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March 23, 2026
Anthropic Says DOD Security Risk Label Is Unconstitutional
Anthropic PBC has doubled down on its push for an order blocking the Trump administration from labeling it a supply chain risk to national security, telling a California federal court the executive branch was punishing "a major company for the sin of expressing its views on a matter of profound public significance."
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March 23, 2026
SEC Must Give Video Of Elon Musk Interview To Oscar Winner
The U.S. Securities and Exchange Commission must release a video interview of Elon Musk from its civil fraud investigation of the billionaire to a film company led by Oscar-winner Alex Gibney, a D.C. federal judge ruled Monday, saying the SEC already has publicized the interview's contents through a transcript.
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March 23, 2026
Hemp Co. Pans 'Scattershot' Counterclaims In Soured Biz Deal
A North Carolina industrial hemp distributor has urged a federal judge to toss counterclaims lobbed against it from a state lawmaker's CBD company, alleging that all the fraud claims are too "wide-ranging" and "scatter-shot" to pass muster.
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March 23, 2026
Social Media Jurors Say They Are Deadlocked On A Defendant
A California jury considering claims Meta and Google harm children's mental health through their social media platforms reported Monday that it is deadlocked as to one of the defendants, but it wasn't clear if the jury is stuck on the question of liability or on potential punitive damages.
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March 23, 2026
Cosmetics Giant Coty Faces Investor Suit Over Fragrance Biz
Beauty giant Coty Inc. faces a proposed investor class action alleging the company misled investors when it said it was poised for growth only to reverse course last month and say its earlier forecast was premature.
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March 23, 2026
2nd Circ. Cautious About Unsealing Ex-Twitter Exec's Award
The Second Circuit appeared uncomfortable Monday with the New York Times' argument that a confidentiality agreement between two parties to an arbitration might not outweigh the public's right to view court records, as the paper looks to unseal an arbitral award issued to a former Twitter executive.
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March 23, 2026
Flagstar Seeks To Shut Down Ex-CCO's Retaliation Suit
Flagstar asked a New York federal judge to toss a suit from one of its former compliance chiefs that claims he was wrongfully terminated for blowing the whistle on the bank's former CEO over alleged compliance violations, saying the suit attempts to "cobble together" unrelated incidents into a retaliation claim.
Expert Analysis
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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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Considering The Prospects Of A Robinson-Patman Act Revival
Following a flurry of activity under the Biden administration, Federal Trade Commission price-discrimination cases under the Robinson-Patman Act are at a crossroads, and state-level enforcement could become the next frontier in this area, say attorneys at Hogan Lovells.
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What 4th Circ.-Approved DEI Ban Means For Employers
The Fourth Circuit’s recent lifting of the injunction against two executive orders banning recipients of federal funds from conducting diversity, equity and inclusion programs means employers should conduct audits to minimize their risk of violating federal antidiscrimination laws or the False Claims Act, says Jonathan Segal at Duane Morris.
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New Foreign Bribery Guide Can Help Int'l Cos. Identify Risks
In light of growing global coordination on anti-bribery enforcement, the International Foreign Bribery Taskforce’s recent guide to foreign bribery indicators represents a step forward in the standardization of factors for evaluating corruption risks that multinational companies should consider, say lawyers at Paul Weiss.
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What DOJ's New Trade Fraud Push Means For Cos.
The U.S. Department of Justice's announcement this week that it is elevating trade fraud to an economic and national security imperative sends an unmistakable message to multinational corporations, importers, compliance professionals and supply chain managers that the days of laissez-faire enforcement are over, says Markus Funk at White & Case.
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3 Cases Highlight SEC Distinction Between Exec, Co. Liability
Three recent enforcement actions against Spero Therapeutics, Lottery.com and Archer-Daniels-Midland demonstrate that while public companies are subject to liability for misrepresentations, the U.S. Securities and Exchange Commission is focused on individual liability when disclosure violations involve so-called half-truths, say attorneys at Cooley.
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AI-Generated Doc Ruling Guides Attys On Privilege Risks
A New York federal court's ruling, in U.S. v. Heppner, that documents created by a defendant using an artificial intelligence tool were not privileged, can serve as a guide to attorneys for retaining attorney-client or work-product privilege over client documents created with AI, say attorneys at Sher Tremonte.
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The Law Firm Merger Diaries: Leadership Strategy After Day 1
For law firm leaders, ensuring a newly combined law firm lives up to its promise, both in its first days of operation and well after, includes tough decisions, clear and specific communication, and cheerleading, says Peter Michaud at Ballard Spahr.
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How US Liability Law Is Becoming The Primary Regulator Of AI
Comprehensive federal AI regulation remains fragmented and uncertain — but U.S. courts, applying long-standing doctrines of liability and responsibility, are actively shaping how AI systems are designed, deployed and governed, and companies are aligning their AI practices because courts may hold them accountable if they do not, says Alexander Lima at Wesco International.
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Record FCA Recoveries Signal Intensified Healthcare Focus
In its recently released False Claims Act statistics, the U.S. government's emphasis on record healthcare recoveries and government-initiated healthcare matters last year indicates robust enforcement ahead, though the administration's focus on current policy objectives also extends beyond the healthcare sector, say attorneys at Epstein Becker.
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Mind The Gap: Crafting D&O Straddle Coverage For M&A
A recent Florida federal court decision highlights an often-overlooked risk for those negotiating directors and officers insurance coverage for mergers and acquisitions: the potential for so-called straddle claims, falling in the gap between tail and go-forward coverage, say attorneys at Reed Smith.
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Calif.'s Civility Push Shows Why Professionalism Is Vital
The California Bar’s campaign against discourteous behavior by attorneys, including a newly required annual civility oath, reflects a growing concern among states that professionalism in law needs shoring up — and recognizes that maintaining composure even when stressed is key to both succeeding professionally and maintaining faith in the legal system, says Lucy Wang at Hinshaw.
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Del. Dispatch: Workplace Sexual Misconduct Liability In Flux
Following the Delaware Court of Chancery's recent contradictory rulings in sexual misconduct cases involving eXp World, Credit Glory and McDonald's, it's now unclear when directors' or officers' fiduciary duties may be implicated in cases of their own or others' sexual misconduct against employees, say attorneys at Fried Frank.
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Series
Trivia Competition Makes Me A Better Lawyer
Playing trivia taught me to quickly absorb information and recognize when I've learned what I'm expected to know, training me in the crucial skills needed to be a good attorney, and reminding me to be gracious in defeat, says Jonah Knobler at Patterson Belknap.