Corporate

  • August 15, 2025

    Twitter Investor Cites New Del. Backing For Musk Suit Reboot

    A Twitter investor who lost a suit for damages after selling his shares when Elon Musk briefly balked at closing on his buyout of the social media giant has asked Delaware's Court of Chancery to reconsider, citing an agency document that purportedly contradicts Musk's defenses.

  • August 15, 2025

    Engineering Consultant Says Ex-Principal Can't Jump To Rival

    Engineering and environmental consulting firm Partner Assessment Corp. has asked a federal judge to block a former principal from taking a high-level role at another firm, saying the former employee violated a noncompete agreement by accepting a job at a direct competitor.

  • August 15, 2025

    Bikers Say Suzuki Motorcycles Have Decades-Old Brake Defect

    A proposed class of motorcycle buyers is alleging that Suzuki Motor of America Inc. has known but done nothing about a dangerous defect in its bikes' braking system for more than a decade.

  • August 15, 2025

    Taxation With Representation: Wachtell, Cooley, Sullivan

    In this week's Taxation With Representation, the NBA signs off on the sale of the Boston Celtics, Gildan Activewear acquires HanesBrands, private equity shop Advent International buys insurance software firm Sapiens, and financial software provider MeridianLink goes private via its acquisition by Centerbridge Partners.

  • August 14, 2025

    Cadwalader Corporate Head Exits To McDermott After 40 Years

    Ira Schacter, a senior partner at Cadwalader Wickersham & Taft LLP, is leaving the firm after 40 years to lead a new section of newly merged McDermott Will & Schulte's transactions practice that will counsel clients where private equity, insurance and financial services matters meet, McDermott confirmed Thursday.

  • August 14, 2025

    9th Circ. Won't Revive 3M Worker's Noncompete Dispute

    The Ninth Circuit on Thursday declined to revive a former 3M Co. employee's lawsuit over a noncompete provision in his employment contract, agreeing with a Washington federal court's finding that the complaint failed to allege 3M actually enforced or leveraged the noncompete in violation of state law.

  • August 14, 2025

    Healthcare Co. Exec, GC Revealed Trade Secrets, Court Told

    A preponderance of emails shows that former CEOs involved with a trio of healthcare and real estate companies shared financial documents and other intellectual property that were undoubtedly trade secrets, the companies' attorney told the North Carolina Business Court on Thursday.

  • August 14, 2025

    2 Face Charges Over $200M Water Vending Machine Fraud

    A Washington business executive and a former investment adviser were hit with civil and criminal charges in New York federal court Thursday stemming from an alleged yearslong $200 million Ponzi scheme that hawked investments in nonexistent water vending machines.

  • August 14, 2025

    Ex-Diversity Officer Sues NJ Hospital, Claiming Harassment

    The former diversity and inclusion officer at New Jersey's only public acute-care hospital claimed she endured sexist and racial harassment before she was unlawfully pushed out of her job in violation of the state's Law Against Discrimination, according to a lawsuit filed in state court.

  • August 14, 2025

    Zillow Brings Goldman Fight To Skeptical 9th Circ.

    The Ninth Circuit on Thursday cast doubt on Zillow Group Inc.'s efforts to decertify an investor class claiming that the real estate listing site oversold a now-shuttered home-buying program, appearing skeptical of arguments that a recent U.S. Supreme Court decision worked in the company's favor.

  • August 14, 2025

    Armistice Capital Beats Derivative Suit In Chancery

    An Aytu Biopharma Inc. stockholder's derivative lawsuit in Delaware against Armistice Capital LLC crumbled on Thursday after a vice chancellor rejected breach of fiduciary duty, unjust enrichment, and aiding and abetting claims against the New York hedge fund.

  • August 14, 2025

    Bid To Block Alabama's Anti-DEI Law Rejected

    An Alabama federal judge has rejected a bid to block a state law banning certain diversity, equity and inclusion-related activities at state schools and college campuses, finding the Alabama NAACP and the students and professors who filed suit didn't show that the law is unconstitutionally vague.

  • August 14, 2025

    Del. Challenge To Squarespace Doc Suit Toss Moves Forward

    A Delaware vice chancellor on Thursday ordered an October hearing over stockholder exceptions to a posttrial dismissal of a lawsuit for records on Squarespace Inc.'s $7.2 billion take-private deal, following objections that the ruling "would require the court to possess impossible prescience."

  • August 14, 2025

    ESPN Vaccine Mandate Violated Religious Law, Worker Claims

    A South Carolina-based remote ESPN video operator says the sports network, its corporate parent Walt Disney and their executives fired him for refusing a third COVID-19 vaccine dose, resurrecting "state actor" allegations similar to claims in a separate, since-withdrawn lawsuit by the same attorneys in 2023.

  • August 14, 2025

    Anthropic Asks 9th Circ. To Halt AI Copyright Trial For Appeal

    Artificial intelligence developer Anthropic has urged the Ninth Circuit to overturn a California federal judge's refusal to delay trial in a copyright lawsuit from authors who allege their works were illegally obtained to train the company's large language model, Claude.

  • August 13, 2025

    Whoop's Health Tracker Accused Of Sharing Users' Data

    Health and wellness company Whoop Inc., whose wearable devices track and collect users' heart rate, movement, blood pressure and other health metrics, is secretly sharing that data and other user information with an undisclosed third party, according to a proposed class action filed Wednesday in California federal court.

  • August 13, 2025

    Semtech Investor Sues Brass Over Copper Goods Sales Drop

    The top brass of high-performance semiconductor company Semtech Corp. has been hit with a shareholder derivative suit in California federal court claiming that they misled investors about the performance and sales of the company's products and failed to disclose certain issues that led to the end of the company's partnership with Nvidia.

  • August 13, 2025

    Texas Business Court Calls Dibs On $72M Apartment Row

    A Texas Business Court judge ruled that he has jurisdiction over fraud claims brought by an investor in a $72 million apartment project in Dallas' Deep Ellum neighborhood, saying in a published opinion the investor can't remove the claims to a state district court.

  • August 13, 2025

    Paramount Investor Gabelli Sues Redstone, Skydance In Del.

    A fund of Paramount Global investor Mario Gabelli sued National Amusements Inc. successor Harbor Lights Entertainment, Shari Redstone and others in Delaware's Court of Chancery on Wednesday, seeking damages tied to the recently closed $8.4 billion Paramount-Skydance Media merger.

  • August 13, 2025

    Business Groups Fail To Halt Calif. Climate Reporting Rules

    The U.S. Chamber of Commerce and other business groups lost a bid to block new California state regulation requiring large companies to publicly disclose their greenhouse gas emissions and climate-related financial risks that they said violated their First Amendment rights, when a federal judge Wednesday denied them preliminary injunction.

  • August 13, 2025

    Chancery OKs $7.5M Atty Fee In $50M Lutnick Bonus Battle

    Class attorneys who secured a $50 million derivative suit settlement fully offsetting a disputed bonus paid in 2021 to former Newmark Group Inc. controller and current Commerce Secretary Howard Lutnick saw their proposed 25% attorney fee cut to 15% by a Delaware vice chancellor on Wednesday.

  • August 13, 2025

    Roomba-Maker Execs Sued Over Post-Amazon Deal Issues

    The top brass of iRobot Corp., maker of the Roomba robotic vacuum cleaner, have been hit with a shareholder derivative suit in New York federal court claiming they exaggerated the effectiveness of the company's restructuring plan following the abandonment of a proposed $1.7 billion merger with Amazon.

  • August 13, 2025

    How A Flowchart Won $14.5M In Fla. Woman's Fraud Suit

    In Mireya Cambero's lawsuit against her ex-husband Jose Fernando De Matos, her attorneys at Miami-based Diaz Reus LLP had to prove fraudulent transfers but avoid confusing a jury with voluminous, uninteresting business filings. The best way to do it, they decided, was to organize their evidence in an easily digestible flowchart.

  • August 13, 2025

    EBay, Former Execs Must Face Bulk Of Harassment Case

    A Massachusetts federal judge has trimmed some defamation and damages claims brought by a pair of bloggers against online retailer eBay in a lawsuit over the company's alleged campaign of retaliation over their coverage, but will allow most of the case to proceed to trial.

  • August 13, 2025

    BakerHostetler Hires Cooley Securities Litigation Atty

    BakerHostetler has added an experienced litigator to its white collar, investigations and securities enforcement litigation and securities and governance litigation teams in New York, bringing with him more than 25 years of BigLaw experience, including most recently with Cooley LLP.

Expert Analysis

  • 2 Circuit Court Rulings Offer A Class Certification Primer

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    Two recent decisions from the Third and Sixth Circuits provide guidance on the rigorous analysis of predominance that courts might require for class certification, and insights into how defendants might oppose or narrow potential class actions, say attorneys at DLA Piper.

  • Del. Dispatch: Conflicted Transactions And New Safe Harbors

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    Two recent Delaware Court of Chancery decisions involving conflicted transactions underscore that the new safe harbors established by the Delaware General Corporation Law amendments passed in March, going forward, provide a far easier route to business judgment review of conflicted transactions than were previously available, say attorneys at Fried Frank.

  • Supreme Court's Criminal Law Decisions: The Term In Review

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    Though the U.S. Supreme Court’s criminal law decisions in its recently concluded term proved underwhelming by many measures, their opinions revealed trends in how the justices approach criminal cases and offered reminders for practitioners, says Kenneth Notter at MoloLamken.

  • Opinion

    The Legal Education Status Quo Is No Longer Tenable

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    As underscored by the fallout from California’s February bar exam, legal education and licensure are tethered to outdated systems, and the industry must implement several key reforms to remain relevant and responsive to 21st century legal needs, says Matthew Nehmer at The Colleges of Law.

  • The Int'l Compliance View: Everything Everywhere All At Once

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    Changes to the enforcement landscape in the U.S. and abroad shift the risks and incentives for global compliance programs, creating a race against the clock for companies to deploy investigative resources across worldwide operations, say attorneys at Dentons.

  • Unpacking Notable Details From FTC's 'AI Washing' Cases

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    The Federal Trade Commission has brought many cases involving allegedly deceptive artificial intelligence claims over the past couple of years, illustrating overlooked aspects of AI washing generally and a few new types of AI marketing claims that may line up in regulatory crosshairs down the road, says Michael Atleson at DLA Piper.

  • 6 Questions We Should Ask About The Trump Trade Deals

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    Whenever the text becomes available, certain questions will help determine whether the Trump administration’s trade deals with U.S. trading partners have been crafted to form durable economic relationships, or ephemeral ties likely to break upon interpretive disagreement or a change in political will, says Ted Posner at Baker Botts.

  • Justices' Age Verification Ruling May Lead To More State Laws

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    The U.S. Supreme Court’s recent Free Speech Coalition v. Paxton ruling, permitting a Texas law requiring certain websites to verify users’ ages, significantly expands states' ability to regulate minors’ social media access, further complicating the patchwork of internet privacy laws, say attorneys at Troutman.

  • The Pros, Cons Of A Single Commissioner Leading The CFTC

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    While a single-member U.S. Commodity Futures Trading Commission may require fewer resources and be more efficient, its internal decision-making process would be less transparent to those outside the agency, reflect less compromise between competing viewpoints and provide the public with less predictability, says former CFTC Commissioner Dan Berkovitz.

  • E-Discovery Quarterly: Rulings On Relevance Redactions

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    In recent cases addressing redactions that parties sought to apply based on the relevance of information — as opposed to considerations of privilege — courts have generally limited a party’s ability to withhold nonresponsive or irrelevant material, providing a few lessons for discovery strategy, say attorneys at Sidley.

  • Opinion

    Section 1983 Has Promise After End Of Nationwide Injunctions

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    After the U.S. Supreme Court recently struck down the practice of nationwide injunctions in Trump v. Casa, Section 1983 civil rights suits can provide a better pathway to hold the government accountable — but this will require reforms to qualified immunity, says Marc Levin at the Council on Criminal Justice.

  • Now Is The Time To Prep For SEC's New Data Breach Regs

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    Recent remarks from the U.S. Securities and Exchange Commission’s acting director of the Division of Examinations suggest that the commission will support exams for compliance with its new data breach detection and reporting regulations, and a looming deadline means investment advisers and broker-dealers must act now to update their processes, say attorneys at McGuireWoods.

  • Corp. Human Rights Regulatory Landscape Is Fragmented

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    Given the complexity of compliance with nations' overlapping human rights laws, multinational companies need to be cognizant of the evolving approaches to modern slavery transparency, and proposals that could reduce mandatory due diligence and reporting requirements, say attorneys at Simpson Thacher.

  • Impending Quality Control Standards Pose Risks For Auditors

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    Public accounting firms will need to comply with new standards aimed at strengthening their quality control systems by the end of this year, a significant challenge sure to increase costs, individual liability and regulatory scrutiny, say Kelly Bossard at FTI Consulting and Mike Plotnick at King & Spalding.

  • Opinion

    Premerger Settlements Don't Meet Standard For Bribery

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    Claims that Paramount’s decision to settle a lawsuit with President Donald Trump while it was undergoing a premerger regulatory review amounts to a quid pro quo misconstrue bribery law and ignore how modern legal departments operate, says Ediberto Román at the Florida International University College of Law.

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