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Corporate
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June 27, 2025
Crypto Co. CEO Sued Over Alleged Sex Assault, Retaliation
The CEO of blockchain platform Mask Network has been hit with a suit in New Jersey federal court from a former employee at his affiliated payroll company alleging he sexually assaulted her during a work trip, fired her after she raised concerns about millions in unreported cryptocurrency transactions, and withdrew sponsorship of her U.S. green card.
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June 27, 2025
Google Fired Worker For Taking Medical Leave, Suit Claims
A former Google employee said she was discriminated against and fired for taking approved medical leave, according to a lawsuit filed in Washington state court.
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June 27, 2025
PE-Backed McGraw Hill, Consumer Researcher NIQ File IPOs
Educational publisher McGraw Hill Inc. and consumer research provider NIQ Global Intelligence PLC filed plans for initial public offerings Friday, marking a pair of large private-equity-backed companies set to join a recovering IPO market.
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June 27, 2025
Wells Fargo Beats Some Claims In Cash Sweep Litigation
A federal judge on Friday nixed some claims in a proposed class action accusing Wells Fargo of harming customers through its cash sweep deposit program by giving them only minimal interest on their holdings, including a claim that the bank breached its fiduciary duties to its indirect clients.
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June 27, 2025
Apple Execs Sued Over Alleged AI Misrepresentations
Apple's top brass have been hit with a derivative suit accusing them of duping shareholders into believing the tech giant would launch new artificial intelligence Siri features on the iPhone 16, which caused a stock drop when the rollout was delayed repeatedly.
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June 27, 2025
6th Circ. Vacates Class Cert. In GM Transmission Defect Suit
The full Sixth Circuit on Friday unraveled class certification for drivers claiming General Motors LLC sold vehicles with defective transmissions that caused the cars to shudder and shake on the road.
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June 27, 2025
Tesla To Face Punitive Damages Claim At Trial Over Fla. Crash
Tesla will face a punitive damages claim at trial next month in a wrongful death suit over a deadly collision in 2019, with a Florida federal judge saying there is enough evidence the carmaker knew about dangers associated with its autopilot system to send the claim to a jury.
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June 27, 2025
Senate Says AI Is In, Some Spectrum Parts Out Of Budget Bill
The updated version of a moratorium on states' regulation of artificial intelligence is allowed to be included in the budget reconciliation package but some of the spectrum-related provisions are not, according to the latest ruling from the U.S. Senate parliamentarian.
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June 27, 2025
NC Appeals Court Urged To Back Firing Of General Counsel
North Carolina's body of independent administrative law judges is urging the state appeals court to reject its former general counsel's bid to revive his claims that his politics got him fired, arguing that his position is exempt from certain workplace protections.
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June 27, 2025
Jury Adds $30M More To Fleet Tech Co.'s Trade Theft Trial Win
An Illinois federal jury on Friday more than doubled the $28.9 million in damages it awarded a day earlier to a fleet management technology firm after finding a garbage truck manufacturer poached its former executive and capitalized on stolen trade secrets, slapping a $30 million punitive award atop the initial verdict.
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June 27, 2025
Google Escapes Search Engine Patent Suit, For Now
A northern California federal judge has tossed LookSmart Group Inc.'s lawsuit accusing Google of infringing its search engine patent, finding the claim describes only unprotectable abstract ideas while allowing the company to amend the complaint.
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June 27, 2025
Compass Wants 'Zillow Ban' Halted For Antitrust Case
Compass asked a New York federal court Friday to stop Zillow from enforcing a new policy the real estate brokerage claims is designed to block competition, saying the threat of Zillow's rules is already causing harm and confusion.
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June 27, 2025
Grassley Plots Next Moves After Nationwide Injunction Ruling
Following the U.S. Supreme Court's decision Friday significantly limiting federal judges' ability to issue injunctions affecting parties outside a case, Senate Judiciary Committee Chairman Chuck Grassley is gearing up to further rein in judges with the Republicans' budget bill and standalone legislation.
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June 27, 2025
Walmart Crime Record Checks Harm Black Workers, Suit Says
Walmart shirked civil rights law by using criminal background checks that screened out Black workers who wanted to be rehired for roles they previously held after the retail behemoth took over management of an Illinois distribution center, according to a new suit filed in federal court.
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June 27, 2025
GC Cheat Sheet: The Hottest Corporate News Of The Week
As the second half of 2025 begins, here are five corporate enforcement trends that general counsel and their white collar lawyers should watch. And just days before The New York Times reported that the president of the University of Virginia resigned under pressure from the Justice Department, the former general counsel and now chancellor of Antioch University spoke with Law360 Pulse about his personal views on the danger of government threats to higher education. These are some of the stories in corporate legal news you may have missed in the past week.
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June 27, 2025
DOL Says No More Liquidated Damages In Wage-Hour Probes
The U.S. Department of Labor said Friday it would no longer seek liquidated damages in wage and hour investigations, marking a shift away from its approach under the Biden administration.
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June 27, 2025
Court Urged To Push Ex-GC To Provide Co. Laptop Password
E-commerce company Storehouse In A Box has asked a federal judge in Michigan to issue a preliminary injunction and temporary restraining order against its former general counsel and chief operating officer, arguing he refused to give the company access to a laptop that the company provided and used the company's trade secrets for his benefit.
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June 27, 2025
Pillsbury Adds Restructuring Pro From Paul Hastings In NY
Pillsbury Winthrop Shaw Pittman LLP has grown its insolvency and restructuring practice in New York with the addition of a Paul Hastings LLP partner.
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June 27, 2025
US, China Finalize Part Of Trade Agreement
The U.S. and China recently finalized an agreement to remove certain American trade barriers in exchange for jumpstarting critical Chinese export approvals, according to remarks made by Chinese government officials Friday.
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June 27, 2025
In-House Pro Bono Work Dipped In 2024, Report Says
The pro bono participation rate for U.S. attorneys in the Pro Bono Institute's annual Corporate Pro Bono Challenge dipped to 46% in 2024, with participation among legal staff decreasing to 31%, well below the institute's 50% "aspirational goal."
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June 27, 2025
Newsom Sues Fox News Over Alleged Lies About Trump Call
California Gov. Gavin C. Newsom hit Fox News with a defamation suit in a Delaware court Friday, seeking $787 million in damages for the network's alleged "smearing" of him in reports on a dispute over details of the Democratic governor's June 6 phone call with President Donald Trump.
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June 27, 2025
Former Hines Legal Chief Joins Greenberg Traurig In Houston
Greenberg Traurig LLP has bulked up its Texas real estate practice with a shareholder in Houston who most recently served as chief legal and compliance officer at Hines, a global real estate investment management firm.
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June 27, 2025
3 DOL Policy Shifts On Benefits Attys' Radar
Since President Donald Trump's administration took over in January, the U.S. Department of Labor has changed its tack on several issues related to employee benefits. Here, Law360 looks at three moves that caught lawyers' attention.
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June 27, 2025
DOJ Tax Division To Split Criminal, Civil Units, Official Says
The U.S. Department of Justice aims to finalize a reorganization plan for its Tax Division by summer's end that would separate the criminal and civil tax functions and relocate them to the department's main branches, a department official said Friday.
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June 27, 2025
Justices Uphold Texas Law Requiring Porn Site Age Checks
The U.S. Supreme Court on Friday said a Texas law requiring pornographic websites to verify visitors' ages could take effect, agreeing with a divided Fifth Circuit's decision to vacate an injunction while using a different standard of judicial review to evaluate the statute.
Expert Analysis
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FTC Focus: Interlocking Directorate Enforcement May Persist
Though the Federal Trade Commission under Chair Andrew Ferguson seems likely to adopt a pro-business approach to antitrust enforcement, his endorsement of broader liability for officers or directors who illegally sit on boards of competing corporations signals that businesses should not expect board-level antitrust scrutiny to slacken, says Timothy Burroughs at Proskauer.
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How Cos. Can Navigate Risks Of New Cartel Terrorist Labels
The Trump administration’s recent designation of eight drug cartels as foreign terrorist organizations gives rise to new criminal and civil liabilities for companies that are unwittingly exposed to cartel activity, but businesses can mitigate such risks in a few key ways, say attorneys at Steptoe.
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What We Lost After SEC Eliminated Regional Director Role
Former U.S. Securities and Exchange Commission Regional Director Marc Fagel discusses the recent wholesale elimination of the regional director position, the responsibilities of the job itself and why discarding this role highlights how the appearance of creating a more efficient agency may limit the SEC's effectiveness.
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4th Circ. Latest To Curb Short-Seller Usage In Securities Suits
The Fourth Circuit's recent decision in Defeo v. IonQ will serve as a powerful and persuasive new precedent for corporate defendants as courts continue curtailing securities class action plaintiffs' use of short-seller reports to plead federal securities law claims, say attorneys at Alston & Bird.
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$38M Law Firm Settlement Highlights 'Unworthy Client' Perils
A recent settlement of claims against law firm Eckert Seamans for allegedly abetting a Ponzi scheme underscores the continuing threat of clients who seek to exploit their lawyers in perpetrating fraud, and the critical importance of preemptive measures to avoid these clients, say attorneys at Lockton Companies.
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Only Certainty About FAR Reform Order Is Its Uncertainty
The president’s recent order overhauling the Federal Acquisition Regulation, which both contractors and agencies rely on to ensure predictability and consistency in federal procurement, lacks key details about its implementation, which will likely eliminate many safeguards that ensure contractors are treated fairly and that procurements are awarded in a reasonable manner, say attorneys at Miles & Stockbridge.
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Maintaining Legal Compliance For GenAI In Life Sciences
As companies continue to implement generative artificial intelligence to enhance all phases of drug discovery, they must remain mindful of legal, regulatory and practical considerations as best practices in this space emerge and evolve, say attorneys at Sullivan & Cromwell.
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Series
Teaching Business Law Makes Me A Better Lawyer
Teaching business law to college students has rekindled my sense of purpose as a lawyer — I am more mindful of the importance of the rule of law and the benefits of our common law system, which helps me maintain a clearer perspective on work, says David Feldman at Feldman Legal Advisors.
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SEC's Crypto Statement Offers Clarity On Disclosures
While the crypto industry awaits a definitive rule from the U.S. Securities and Exchange Commission on whether a crypto-asset is a security, its recent guidance provides a road map for registrants seeking to comply with current disclosure requirements and shows the commission is working toward a comprehensive regulatory framework, say attorneys at Debevoise.
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Navigating The Expanding Frontier Of Premerger Notice Laws
Washington's newly enacted law requiring premerger notification to state enforcers builds upon a growing trend of state scrutiny into transactions in the healthcare sector and beyond, and may inspire other states to enact similar legislation, say attorneys at Simpson Thacher.
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Jurisdictional Issues At Play In 9th Circ.'s FCA Trade Case
A decision by the Ninth Circuit in Island Industries v. Sigma Corp. could result in the U.S. Court of International Trade’s exclusive jurisdiction over trade-related FCA cases, a big shift in the enforcement landscape just as tariffs take center stage in trade policy, say attorneys at Haynes Boone.
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Evolving Federal Rules Pose Further Obstacles To NY LLC Act
Following the Financial Crimes Enforcement Network's recent changes to beneficial ownership information reporting under the federal Corporate Transparency Act — dramatically reducing the number of companies required to make disclosures — the utility of New York's LLC Transparency Act becomes less apparent, say attorneys at Pillsbury.
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Action Steps To Prepare For Ramped-Up Export Enforcement
In light of recent Bureau of Industry and Security actions and comments, companies, particularly those with any connection to China, should consider four concrete steps to shore up their compliance programs given the administration's increasingly aggressive approach to export enforcement, say attorneys at Gibson Dunn.
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Series
Law School's Missed Lessons: Mastering Discovery
The discovery process and the rules that govern it are often absent from law school curricula, but developing a solid grasp of the particulars can give any new attorney a leg up in their practice, says Jordan Davies at Knowles Gallant.
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DOJ Signals Major Shift In White Collar Enforcement Priorities
In a speech on Monday, an official outlined key revisions to the U.S. Department of Justice’s voluntary self-disclosure, corporate monitorship and whistleblower program policies, marking a meaningful change in the white collar enforcement landscape, and offering companies clearer incentives and guardrails, say attorneys at McGuireWoods.