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Corporate
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March 26, 2026
Hand Sanitizer Co. Board, Execs Can't Slip ESOP Fight
Executives and former board members at a hand sanitizer company must face a lawsuit claiming they helped facilitate an employee stock ownership plan's $398 million purchase of overvalued company stock, with an Illinois federal judge ruling that workers adequately alleged the executives had neglected their responsibilities.
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March 26, 2026
Ex-Deloitte Workers Can't Undo Charge Revival, 4th Circ. Says
The full Fourth Circuit has declined to reconsider its late February decision to revive most of the charges against two ex-Deloitte workers accused of stealing the company's trade secrets, after the workers insisted the unfavorable ruling bucked circuit and U.S. Supreme Court precedent.
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March 26, 2026
King & Spalding Adds White & Case Capital Markets Pro In NY
King & Spalding LLP announced Thursday that it has brought on a former White & Case LLP capital markets attorney as a partner in its corporate practice group in New York.
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March 26, 2026
Investor Sues Music Catalog Firm Over Default Risks
A member of a music catalog investment group has sued in the Delaware Chancery Court to force the company to turn over financial records, alleging signs of mismanagement, missed payments and potential default risks tied to high-value music deals.
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March 26, 2026
Steptoe Adds Barnes & Thornburg Financial Regulatory Leader
Steptoe LLP has hired a Barnes & Thornburg LLP leader in Chicago who helped found two practice groups at his old firm that are focused on financial regulatory matters.
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March 25, 2026
Split Del. High Court Affirms Paramount Merger Docs Ruling
In a split decision, the Delaware Supreme Court on Wednesday agreed with a lower court's finding that news articles containing anonymous sourcing were reliable enough to support investors' demands for records pertaining to Paramount Global's merger with Skydance Media.
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March 25, 2026
Oak View Exec Tells Jury Of Deal To Hype Ticketmaster
The CEO of Oak View Group told a Manhattan federal jury Wednesday that his company didn't inform other venue owners that it was being paid to "advocate" for them to use Ticketmaster as a vendor for ticketing services, but said he still would recommend the Live Nation subsidiary anyway since it's the best in the business.
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March 25, 2026
MyPillow CEO's Attys Face New Sanctions Over Latest Errors
Two attorneys for MyPillow CEO Mike Lindell and his media company are in hot water once again as a Colorado federal judge on Wednesday ordered them to explain why they shouldn't be sanctioned for citation errors, after she previously sanctioned them for errors produced by generative artificial intelligence.
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March 25, 2026
Nvidia Investors Score Class Cert. After High Court Pass
A California federal judge on Wednesday granted class certification in a shareholder case against chipmaker Nvidia that briefly went before the U.S. Supreme Court and that claims the company failed to inform investors about its reliance on the volatile crypto market.
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March 25, 2026
Justices' Music Piracy Ruling Could Reverberate Beyond ISPs
The U.S. Supreme Court's ruling that Cox Communications is not liable for its customers' music piracy circumscribes the theories copyright owners may pursue for secondary infringement — limits that attorneys say will extend beyond internet service providers and influence litigation involving e-commerce platforms and artificial intelligence.
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March 25, 2026
Cognizant Must Face Clorox's $380M Suit Over Login Sharing
A California state judge has trimmed Clorox's $380 million lawsuit accusing the cybersecurity company Cognizant of enabling a "catastrophic" 2023 cyberattack by voluntarily handing over Clorox employee passwords after hackers merely asked for them, tossing an intentional misrepresentation claim but keeping the bulk of the suit alive.
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March 25, 2026
Payments Co. Sued Over $3M Liquidity Pool Loan Default
Payken is facing a Delaware Chancery Court lawsuit alleging the blockchain-based payments company owes roughly $3.2 million after breaching a master credit agreement and failing to repay loans owed to a jointly owned lending vehicle created to provide it with liquid assets.
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March 25, 2026
Insurers, Brokers Can't Exit Medicare Advantage Steering Suit
A Massachusetts federal judge on Wednesday largely rejected a bid by insurers and brokers to toss claims that they colluded in a kickback scheme to steer Medicare Advantage customers to certain companies and to push away disabled individuals.
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March 25, 2026
Extreme Networks Must Face Suit Over COVID-Era Demand
A California federal judge rejected Extreme Networks' bid to dismiss a suit alleging it misled investors about its financial prospects and declining client demand during the COVID-19 pandemic, saying the investors adequately pled that the cloud network equipment company engaged in a scheme to inflate revenues through so-called channel-stuffing.
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March 25, 2026
Conn. Regulators Approve $2.4B Eversource Water Co. Sale
Connecticut's Public Utilities Regulatory Authority on Wednesday approved the transfer of Eversource subsidiary Aquarion Co. to a new public water authority created by the state Legislature, subject to several conditions, while admitting the $2.35 billion price tag placed the deal "on the knife's edge of a public interest finding."
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March 25, 2026
DOJ Defends FCA's Qui Tam Constitutionality At 5th Circ.
The U.S. Department of Justice is urging the Fifth Circuit to reject a healthcare provider's attempt to upend an $8.2 million judgment by arguing the False Claims Act's whistleblower mechanism is unconstitutional, saying every other appeals court has rejected such a claim.
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March 25, 2026
Mom Tying Abbott Formula To Baby's NEC Takes The Stand
A plaintiff claiming Abbott Laboratories' preterm baby formula contributed to her infant's development of a serious gut condition told an Illinois jury Wednesday that she wouldn't have allowed her baby to consume the formula had she known it increased the risk of the infection, saying her now-teenage daughter still struggles with medical complications as a result.
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March 25, 2026
Estate Says OpenAI Suicide Suit Distinct From Murder Suit
The estate of a man who murdered his mother and died by suicide allegedly because of his use of ChatGPT is urging a California federal court not to dismiss its suit against OpenAI, saying the suit doesn't run parallel to a state court case from the mother's estate.
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March 25, 2026
Lender Targets Borrower, Guarantor In $3.8M Default Suit
A Delaware lender has sued a group of real estate investors and affiliated entities in Delaware Chancery Court, accusing them of defaulting on a $3.8 million mezzanine loan and then diverting collateral to avoid repayment.
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March 25, 2026
Turf Company Executive Can't Escape Trade Secrets Suit
An executive must face a turf manufacturer's suit claiming he took confidential information with him when he jumped ship for a rival company, a Georgia federal judge ruled, but said a lack of plausible misconduct allegations meant that rival should be dismissed from the case.
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March 25, 2026
Ashurst Adds 4 Ex-Bracewell Partners To Finance Practice
Ashurst LLP has announced the addition of a four-partner team in New York to expand its finance and restructuring capacities ahead of a proposed merger with Perkins Coie LLP.
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March 25, 2026
Judge Trims SEC Fraud Case Over Cancer Drug Claims
A Massachusetts federal judge greenlighted U.S. Securities and Exchange Commission claims against two of three former pharmaceutical executives accused of concealing from investors the U.S. Food and Drug Administration's "harsh critiques" about a cancer drug.
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March 25, 2026
Insurer Need Not Cover Parkinson's Drug Antitrust Dispute
An insurer does not owe coverage in an antitrust suit accusing a pharmaceutical company of suppressing generic versions of the Parkinson's treatment Apokyn, a Maryland federal judge ruled, finding the dispute does not involve "securities claims" covered under the insurer's policy.
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March 25, 2026
Del. Chancellor Pauses Tesla Suit As Musk Cites LinkedIn Post
The Delaware Chancery Court has paused a high-profile Tesla stockholder case following a recusal bid from Elon Musk and Tesla Inc. after a judge's LinkedIn account appeared to react to a post celebrating a recent California jury verdict against Musk, including language praising efforts to stand up to "the richest man in the world."
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March 25, 2026
Utah Expands Unrelated Biz Income Definition For Corp. Tax
Utah will expand its definition of corporate income to include income allocated to the state under a bill signed by the state's governor.
Expert Analysis
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AG Watch: Ohio Targets DEI Policies
As Ohio Attorney General Dave Yost seeks to eliminate diversity, equity and inclusion programs in both public education institutions and private companies, Ohio entities must carefully navigate this constantly evolving, highly contentious topic to avoid litigation while also not forfeiting their core principles, say attorneys at BakerHostetler.
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Del. Coinbase Outcome May Have Been Different In Texas
The Delaware Court of Chancery's recent decision in Grabski v. Andreessen, finding that a member of the Coinbase special litigation committee was not independent, provides guidance for Delaware boards regarding the formation, composition and operation of SLCs, while offering a counterpoint to the procedures available to Texas-incorporated companies, says John Lawrence at Baker Botts.
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Why The NCUA's Stablecoin Moment Matters
The National Credit Union Administration, a historically conservative federal agency, recently proposed a detailed stablecoin licensing framework, confirming that the proposition of building a regulatory architecture within the banking industry has moved well past "whether" and firmly into "how," says Stephen Aschettino at Fox Rothschild.
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Lessons From Justices' Split On Major Questions Doctrine
The justices' varied opinions in Learning Resources v. Trump, which held the International Emergency Economy Powers Act did not confer the power to impose tariffs, offer a meaningful window into the U.S. Supreme Court's perspective on the major questions doctrine that will likely shape lower courts' approach to executive action challenges, say attorneys at Venable.
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Drug Wholesaler's DPA Shows Imperfect Efforts Still Count
Atlantic Biologicals’ recent deferred prosecution agreement with federal prosecutors for allegedly distributing controlled substances to pill mill pharmacies demonstrates that even subpar cooperation, when combined with genuine remediation and strategic advocacy, can yield outcomes that protect a company's long-term interests, says Jonathan Porter at Husch Blackwell.
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Share Repurchases Leave Cos. Susceptible To Litigation
Because share repurchases bring greater ownership, which typically brings greater voting power, they can have serious implications for corporate control, which can raise questions about the unpaid benefits to some shareholders and lead to securities class actions, says Amit Bubna at Bates White.
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How The New Tariff Landscape May Unfold
To replace tariffs formerly imposed under the International Emergency Economic Powers Act, the administration will rely on a patchwork of statutes, potentially leading to procedural challenges and a complex tariff landscape with varying levels, durations and applicability, says Joseph Grossman-Trawick at King & Spalding.
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How DOJ Is Rethinking Corporate Crime Prosecution Tactics
Recent statements from the Justice Department seem to indicate an incremental shift away from relying on collective employee knowledge when prosecuting corporate crime, and from exploring the bounds of case law that has not been a model of clarity, say attorneys at Covington.
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Del. Justices' Upholding Of SB 21 Gives Cos. Needed Clarity
The Delaware Supreme Court's recent unanimous decision in Rutledge v. Clearway Energy — upholding 2025 corporate law amendments enacted through S.B. 21, which clarified safe harbor protections and key terms — may help stem the DExit movement, whose proponents have claimed unpredictability in Delaware courts, say attorneys at Nelson Mullins.
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Unique Issues Facing Brand-Compounder Patent Litigation
Recent litigation and potential enforcement action against Hims & Hers Health raise questions about how compounders and branded pharmaceuticals companies would be positioned in patent litigation as compared to generics companies, which would require strategies different from those that would be used in traditional Hatch-Waxman Act litigation, say attorneys at Morgan Lewis.
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How Banks Can Apply FinCEN Beneficial Ownership Relief
A recent Financial Crimes Enforcement Unit order limiting the circumstances under which banks should identify and verify beneficial owners may allow banks to tailor their approach to verification compliance, but only after reviewing customer due diligence policies and evaluating alignment with their risk profiles, say attorneys at Cleary.
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Series
Volunteering With Scouts Makes Me A Better Lawyer
Serving as an assistant scoutmaster for my son’s troop reaffirmed several skills and principles crucial to lawyering — from the importance of disconnecting to the value of morality, says Michael Warren at McManis Faulkner.
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AI Communications May Be Discoverable In Patent Litigation
A New York federal court's recent determination that a defendant's correspondence with an artificial intelligence tool was not protected by attorney-client privilege may have significant ramifications for patent matters, highlighting the risk of AI use in patent prosecution and litigation tasks, say attorneys at Seed IP.
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Series
Law School's Missed Lessons: In Court, It's About Storytelling
Law school provides doctrine, cases and hypotheticals, but when lawyers step into the courtroom, they must learn the importance of clarity, credibility, memorability and preparation — in other words, how to tell simple, effective stories, say Nicholas Steverson and Danielle Trujillo at Wheeler Trigg, and Lisa DeCaro at Courtroom Performance.
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How Leveraged Lending Pivot May Alter Bank Risk Oversight
The Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency's recent withdrawal of leveraged lending guidance introduces several principles that may allow banks to better apply enterprisewide risk management programs and potentially create additional competition in the private credit loan market, say attorneys at Mayer Brown.