Corporate

  • October 28, 2026

    'Modest Needs' Founder Gets 8 Years For Looting Charity

    A Manhattan federal judge on Wednesday sentenced a charity founder to eight years in prison for embezzling over $2.5 million of charitable funds to live a luxury lifestyle, after his bid to withdraw a guilty plea on fraud and tax evasion charges was nixed.

  • October 28, 2026

    Pharma Co. Settles Workers' 401(k) Forfeiture Suit

    Boehringer Ingelheim USA Corp. and workers who accused the pharmaceutical company of misusing forfeitures from an employee 401(k) plan have settled their federal benefits dispute, parties told a Connecticut federal court Wednesday.

  • October 28, 2026

    Weil To Wind Down As Top Attorneys Abandon Firm

    Weil Gotshal & Manges LLP, the restructuring powerhouse that led Lehman Brothers, Enron and General Motors through bankruptcy, told Law360 Pulse on Wednesday that the firm is preparing to wind down operations.

  • October 28, 2026

    U. Of Buffalo Prof Skeptical Of SpaceX-Tesla Merger Benefits

    Elon Musk made headlines when he said on Oct. 20 that a merger between SpaceX and Tesla, the two multitrillion-dollar companies he leads, would be a "good idea." But not everyone sees it that way. 

  • October 28, 2026

    Restaurant Investor Says Divorce Left Repayment In Dispute

    A former employee and investor in a Pittsburgh-area chain of Mexican restaurants says he wants to be repaid after his retirement, but the former co-owners' divorce has left each party claiming the other owes him the money, according to a lawsuit the investor filed in Pennsylvania state court Tuesday.

  • October 28, 2026

    GE Vernova Taps Skadden For $9B Grid Equipment Buy

    GE Vernova said Wednesday it has agreed to purchase German high-voltage energy grid equipment company Trench Group from investment firm Triton Partners for $9 billion, tapping Skadden Arps Slate Meagher & Flom LLP to advise on the acquisition.

  • October 27, 2026

    Mass. Hospitals Sue Lilly Over 340B Discount Data 'Extortion'

    A group of Massachusetts hospitals claim drugmaker Eli Lilly & Co. unlawfully holds hostage medication discounts meant to benefit low-income patients by demanding that hospitals hand over sensitive patient claims data or pay "exorbitant" inflated prices, according to a lawsuit filed Tuesday in Boston federal court.

  • October 27, 2026

    Anthropic's 'Existential Risks' Warning Sets Stage For AI IPOs

    Anthropic PBC's registration statement includes more than 90 pages of risk disclosures for prospective investors ahead of the Claude developer's planned public offering, including "existential risks to humanity" posed by advanced artificial intelligence and a corporate governance structure the company warns may make it difficult for voting shareholders to replace directors and managers.

  • October 27, 2026

    Md. Cannabis Co. Ordered To Pay $2M Over Unpaid Fees

    Baltimore-based Evermore Cannabis Co. must pay a $1.98 million arbitration award levied against it after it was found to have intentionally dodged fees it promised to pay to a capital advisory firm as part of a contract that helped the marijuana cultivator secure loans, a California state court judge has ruled.

  • October 27, 2026

    Justice Department Inks 1st 'Near-Miss' Nonprosecution Deal

    Software company Extreme Networks Inc. has agreed to pay $975,722 in penalties to put to rest allegations it unlawfully sold to a sanctioned Russian weapons manufacturer as part of a nonprosecution agreement that the U.S. Department of Justice said marks its first "near-miss" case under a new corporate disclosure policy.

  • October 27, 2026

    Energy Co. Investor Seeks Answers On Rebuffed Tech Bid

    An investor in Scuderi Group Inc. has sued the privately held company in Delaware Chancery Court, alleging he and his family have received no return on their investment and are being denied financial records needed to determine its value.

  • October 27, 2026

    Ga. Panel Lets Lyft Escape Liability In Driver Assault Suit

    A Georgia appellate court ruled Tuesday that Lyft was properly dismissed from a suit by a passenger who was badly beaten by his driver, ruling that reports of unsafe driving and suspected drug or alcohol use did not make the driver's violent assault reasonably foreseeable.

  • October 27, 2026

    JPMorgan Seeks Sanctions In Ex-Banker's Bias Suit

    A former JPMorgan Chase employee's claims of racial discrimination and sexual harassment were completely false and manufactured, JPMorgan and the employee's former supervisor said in motions urging a New York federal judge to levy sanctions against Chirayu Rana for his "fraudulent litigation."

  • October 27, 2026

    New Jersey Says DuPont Deal Bars Town's $1B PFAS Claims

    The New Jersey Department of Environmental Protection backed various DuPont entities' bid to toss the remaining claims in a municipality's $1 billion lawsuit over forever chemical contamination stemming from a longtime DuPont facility, arguing that a landmark settlement the state reached earlier this year bars the claims.

  • October 27, 2026

    6 Firms Advise On Ares' $2.6B MidCap Financial Buy

    Ares Capital Corp. said Tuesday it has agreed to acquire middle-market lender MidCap Financial Investment Corp. in a stock-and-cash transaction for an enterprise value of about $2.6 billion, with six law firms advising on the transaction.

  • October 27, 2026

    IRS Asks 1st Circ. To Toss Shuttered Bank Owner's Claims

    The IRS asked the First Circuit to dismiss unlawful property seizure and due process claims against former IRS Criminal Investigation officers in a dispute related to a shuttered online bank suspected of facilitating tax evasion and money laundering, saying the bank's former owner failed to establish plausible allegations.

  • October 27, 2026

    AeroVironment Says It Flagged Space Force Contract Risks

    AeroVironment Inc. asked a Virginia federal judge to throw out a proposed class action alleging it misled investors about a terminated U.S. Space Force contract worth up to $1.7 billion, arguing it reasonably characterized its contract performance and warned about such risks.

  • October 27, 2026

    Meta Investors Say No-Vote Stock Plan Benefits Zuckerberg

    Union pension funds and other Meta stockholders have brought a proposed class action in Delaware Chancery Court against Mark Zuckerberg and the company's directors, including UFC President and CEO Dana White, seeking to halt a plan they say would let Zuckerberg sell billions of dollars in shares while cementing his voting control.

  • October 27, 2026

    IP Attys Lose Challenges To Client Origination Credits

    Former partners at intellectual property firm Ohlandt Greeley Ruggiero & Perle LLP failed to adequately support challenges to one another's client origination credits, a Connecticut federal judge has ruled, deciding the last factual issue in a yearslong dispute between two masthead members after two others died.

  • October 27, 2026

    Weil Loses 2 Regulatory Partners To Skadden In NY, DC

    Skadden Arps Slate Meagher & Flom LLP announced Tuesday it has hired two attorneys from Weil Gotshal & Manges LLP, as partner exits from that firm continue in the days following news of failed merger discussions with Willkie Farr & Gallagher LLP.

  • October 27, 2026

    AGs Sue To Block Treasury Rule Ending Shell Co. Reporting

    Nearly two dozen states sued the Trump administration Tuesday over its rollback of ownership reporting requirements for corporate entities, arguing the move constitutes an illegal, unilateral repeal of an anti-financial crime law that Congress enacted.

  • October 27, 2026

    4 Firms Steer Landmark $63B AI Financing Structure

    Blackstone, Bank of America, Citi and Morgan Stanley formed a deal providing $63 billion to buy Broadcom artificial intelligence chips and network components for Anthropic in a deal guided by Kirkland & Ellis LLP, Latham & Watkins LLP, Sullivan & Cromwell LLP and Milbank LLP.

  • October 26, 2026

    Meta Docs Reveal Plan To Discredit Teen-Harm Critic Haidt

    Meta internally set a goal to "get the academic community to disavow" and "turn against" professor Jonathan Haidt, who has linked social media use to mental health decline, as it in-house rebuffed internal efforts to study social media's impact on teen health, according to recently unredacted documents filed publicly Friday.

  • October 26, 2026

    Novo Can't Get 'Deceptive' Lilly GLP-1 Ads Blocked Amid Suit

    A New Jersey federal judge on Monday refused to issue an injunction blocking Eli Lilly & Co. from running ads allegedly comparing its GLP-1 drug to Novo Nordisk Inc.'s using "outdated" clinical trials and "false superiority messages," ruling that Novo Nordisk hasn't shown it would be irreparably harmed.

  • October 26, 2026

    Trump Media Investor Says Firm Reaped $18M On Inside Info

    A Trump Media & Technology Group Corp. shareholder told jurors in Florida federal court on Monday that the $18 million a venture capital firm made when Trump Media went public should be returned because it was the result of insider trading.

Expert Analysis

  • 3 Strategies To Reduce AI Sycophancy In Legal Work

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    The tendency of generative artificial intelligence models to tell users what they want to hear can reinforce attorneys’ confirmation bias when testing the strength of arguments, and it can’t simply be prompted away — but a few practices can help mitigate it, says Michael Ott at Ice Miller.

  • Accenture's FCA Deal Shows DEI Risks For Gov't Contractors

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    The U.S. Department of Justice recently settled allegations that Accenture falsely certified compliance with antidiscrimination requirements in its federal contracts, underscoring how diversity goals can become a False Claims Act issue when the company requests payment from the government, say attorneys at Bass Berry.

  • DOJ Directive Gives Contractors A Fraud Risk Road Map

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    For government contractors, the 10 factors described in the U.S. Department of Justice's recent corporate fraud enforcement directive function as a de facto scoring rubric for internal audits that mirrors what prosecutors will prioritize, say attorneys at Spencer Fane.

  • Open Issues After 2nd Circ.'s Airport Phone Search Ruling

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    While the Second Circuit’s recent U.S. v. Alisigwe decision confirms border agents' broad authority to conduct routine manual cellphone searches at ports of entry, significant questions remain about more wide-ranging forensic searches at the border, say attorneys at Baker Botts.

  • FTC's Changing Model Raises Questions About Its Mission

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    Federal Trade Commission leaders have recently sketched a vision of an agency that continues an enforcement role distinct from the U.S. Department of Justice's, even as a shift toward greater presidential control makes enforcement more responsive to changes in administrations, say attorneys at Wiley.

  • 2nd Circ. EFAA Ruling Shifts Employer Litigation Strategy

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    In Diaz-Roa v. Hermes Law, the Second Circuit recently held that, under the Ending Forced Arbitration of Sexual Assault and Sexual Harassment Act, employers can't carve out nonharassment claims and send them to arbitration, which has implications for discovery, litigation costs and resolution strategy in EFAA-covered disputes, say attorneys at Krevolin Horst.

  • The Future Of PCAOB Enforcement After Post-Jarkesy Win

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    While the Public Company Accounting Oversight Board recently defeated procedural and structural challenges to its enforcement program in D.C. federal court, it's unclear what claims and sanctions the PCAOB can bring against respondents — and whether it's interested in instituting disciplinary proceedings generally, says Mike Plotnick at King & Spalding.

  • Digging Into Dems' Letter On Subpoena Secrecy Demands

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    Lawmakers’ recent letter arguing that federal agencies’ use of boilerplate nondisclosure language in subpoenas pressures recipients into silence may lead to a significant overhaul of the current framework, but in the meantime, companies should review their rights and options, say attorneys at Crowell & Moring.

  • Bribery Verdict Offers Guide To Post-Pause FCPA Priorities

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    A former Goldman Sachs investment banker's recent Foreign Corrupt Practices Act conviction offers insights into how the U.S. Department of Justice is applying its FCPA guidelines following the Trump administration's 2025 pause on enforcement, and illustrates the importance of a company’s escalation procedures and follow-through, say attorneys at Debevoise.

  • 3rd Circ. Ruling Opens Door For Fraud-On-The-Market Rethink

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    The Third Circuit's recent decision in Ocugen, holding that a stable stock price after publication of restated financials does not prove immateriality, could be a vehicle for the U.S. Supreme Court to overturn the doctrine undergirding certification of securities class actions, says Jonathan Richman at Brown Rudnick.

  • How NRC's New Rules Alter Foreign-Financed Reactor Deals

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    New Nuclear Regulatory Commission rules for reactor licensing open U.S. nuclear projects to foreign capital, presenting new considerations for structuring governance, diligence and approvals to secure and maintain eligibility, says J. Brin Gibson at Spencer Fane.

  • AG Watch: Minnesota Takes Action To Secure Child Safety

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    Minnesota Attorney General Keith Ellison has built one of the most aggressive and structurally coherent child protection enforcement programs in the country, targeting consumer-facing sectors that his office has concluded prey on minors, such as tobacco and nicotine, social media platforms, and artificial intelligence, say attorneys at Crowell & Moring.

  • Opinion

    The SEC Crypto Proposal Rests On A Term No One Can Define

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    The U.S. Securities and Exchange Commission's recently proposed Regulation Crypto Assets is its most ambitious attempt to set rules for the crypto industry, but its repeated use of the phrase "essential managerial efforts" means it perpetuates the uncertainty the regime is meant to cure, says Joseph A. Hall at Davis Polk.

  • Navigating Dueling Regulations For Bank Investment Advisers

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    Recent U.S. Securities and Exchange Commission examination findings show that investment advisory activities remain an active area of regulatory focus, and reinforce the need for banks to assess intersecting compliance obligations, say attorneys at Fredrikson.

  • Series

    Being In The Peace Corps Made Me A Better Lawyer

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    When I served in the Peace Corps, the people of the West African village where I was stationed helped me acclimate to my new surroundings and enabled me to develop problem-solving, teamwork and empathy skills that have bolstered my legal practice far beyond the ability to offer technical advice, says Brian Bewley at McGuireWoods.

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