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December 12, 2025
Ex-Fiserv CEO Accused Of Insider Trading In New Suit
The top brass of payments company Fiserv Inc., including ex-CEO and Social Security Administration head Frank Bisignano, face shareholder derivative claims that they misled investors about a flagship product's declining sales and used the resulting inflated share prices to justify $7.9 billion in stock buybacks as Bisignano and another officer made proceeds of over $600 million selling off their Fiserv shares.
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December 12, 2025
20 States Sue Trump Admin Over $100K H-1B Visa Fee
A coalition of 20 states, led by the California attorney general, sued the Trump administration Friday to challenge a new $100,000 fee for H-1B visa applications, saying the fee goes against Congress' intent for the work visa program.
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December 12, 2025
Employment Authority: High Court's Arb. Case Impact On W&H
Law360 Employment Authority covers the biggest employment cases and trends. Catch up this week with coverage on how a case in the U.S. Supreme Court dealing with federal jurisdiction over the final say on arbitration awards could impact agreements in the wage and hour sphere and a look at how labor attorneys dealt with a National Labor Relations Board that went most of 2025 without a quorum.
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December 12, 2025
1st Circ. Affirms Ex-ADI Engineer's Trade Secrets Conviction
The First Circuit has affirmed a former Analog Devices Inc. engineer's trade secrets conviction, ruling that the indictment's reference to a specific microchip model did not preclude a guilty verdict based on his possession of schematics for its prototype.
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December 12, 2025
Wrong Metric Created $2 Valuation, Chancery Suit Says
A former equity holder in a nutrition services business has sued in Delaware Chancery Court seeking to unwind what it calls a sham $2 repurchase of its ownership interest and to force payment of a separate $2 million deferred purchase price, arguing that the business disregarded contractually mandated valuation mechanics to engineer a zero-value outcome.
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December 12, 2025
Chancery Issues Rare Redemption Order In Congo Dispute
A rare Court of Chancery battle over control of a sprawling palm oil plantation enterprise along Africa's Congo River has produced an equally rare court order for "redemptions in kind," or an unwinding and separation from an investor who led what the court described as a multi-faceted enterprise "coup."
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December 12, 2025
Betting, Trading Platforms Form Prediction Market Alliance
A group of betting and trading platforms said they've created a new organization to advance the interests of prediction markets as betting challenges from states intensify and Congress starts to formally structure the cryptocurrency market writ large.
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December 12, 2025
FCC's Carr Cheers Trump Order Curtailing State AI Laws
Federal Communications Commission Chief Brendan Carr on Friday lauded a White House move to restrict states from passing "onerous" laws and regulations covering artificial intelligence.
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December 12, 2025
First Brands Seeks Access To $250M As DIP Loans Drop
Struggling auto parts maker First Brands said on Friday it needs quick access to $250 million in cash that's being held by customers or stuck in segregated accounts, telling a Texas bankruptcy judge a decline in the trading prices of its Chapter 11 loans has sparked "unfounded concerns" about its health.
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December 12, 2025
Chancery Lets Nextdoor Argue De-SPAC Suit Filed Too Late
The Delaware Chancery Court on Friday let Nextdoor Inc. and related defendants argue that investors waited too long to sue over the company's de-SPAC merger, while pausing discovery as the court considers motions that could end the case.
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December 12, 2025
Molina Investor Sues Board Over Insurer's Guidance Cuts
Executives and directors of health insurance provider Molina Healthcare were hit with a shareholder's derivative suit Friday accusing them of misleading investors about medical cost trends and internal controls before repeatedly slashing the company's 2025 earnings guidance.
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December 12, 2025
NLRB Asks Calif. Judge To Follow Colleague On Fill-In Law
A California federal judge should follow his New York colleague's lead and hold that states likely cannot let their labor boards fill the National Labor Relations Board's shoes if the NLRB is faltering, the NLRB argued, saying "profound labor relations instability" could result if courts begin endorsing such laws.
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December 12, 2025
Del. US Atty Resigns Citing 'Politics,' Successor Appointed
The acting U.S. Attorney for Delaware said Friday that she is resigning, citing "a highly politicized, flawed blue-slip tradition" for nominees and saying she "fully" supports her first assistant, who has been appointed by a federal judge to succeed her.
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December 12, 2025
Watchdog Sues White House For Records On Law Firm Deals
A Washington-based nonprofit watchdog has sued the Trump administration, seeking records related to deals BigLaw firms struck to provide an estimated nearly $1 billion worth of pro bono legal services to further the administration's priorities, following the president's executive orders to withhold security clearances and investigate the firms.
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December 12, 2025
2nd Circ. Probes ConEd's Sudden Firing Of Atty Alleging Bias
The Second Circuit raised questions during a hearing Friday about Con Edison's decision to terminate a longtime company lawyer shortly after she complained her boss was targeting her because she's an older woman, hinting some support for the attorney's fight to have her discrimination suit reinstated.
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December 12, 2025
4 Big ERISA Litigation Developments From 2025's 2nd Half
The Eleventh Circuit signaled it may be willing to change its precedent to make it easier for federal benefits lawsuits to get to the courthouse door, while the Second Circuit shut down a challenge to a union pension plan's private equity investment emphasis. Here's a look back at these and two other significant Employee Retirement Income Security Act litigation developments from the latter half of 2025 that benefits attorneys should have on their radar.
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December 12, 2025
GC Cheat Sheet: The Hottest Corporate News Of The Week
President Donald Trump issued an executive order to review the influence that proxy adviser firms have, and law firms saw a 9.8% increase in compensation expenses along with a similar increase in billable rates. These are among the stories in corporate legal news you may have missed in the past week.
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December 12, 2025
Taxation With Representation: Cravath, Skadden, Debevoise
In this week's Taxation With Representation, Paramount Skydance Corp. launches a hostile bid for Warner Bros. Discovery, challenging Netflix's deal to acquire the studio and streaming business, IBM acquires data streaming company Confluent, and natural gas company Antero Resources Corp. expands via a deal with HG Energy.
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December 12, 2025
ArentFox Adds Cross-Border Corporate Atty From Reed Smith
ArentFox Schiff LLP announced Wednesday that it has added a Los Angeles-based partner from Reed Smith LLP to its corporate and securities practice, calling her "one of the most prominent Chinese-speaking corporate lawyers in the US."
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December 11, 2025
Trump Orders Review Of Proxy Advisers' 'Substantial Power'
President Donald Trump on Thursday issued an executive order that aims to scrutinize the influence that proxy adviser firms like Institutional Shareholder Services Inc. and Glass Lewis & Co. LLC have, including in relation to diversity, equity and inclusion agendas.
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December 11, 2025
Trump Executive Order Targets 'Excessive' State AI Laws
President Donald Trump on Thursday signed a controversial executive order establishing a "minimally burdensome national standard" for regulating artificial intelligence, deeming the order necessary for the United States to remain a leader in AI amid "excessive" state regulation.
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December 11, 2025
NLRB Judge Tosses Case Against 'Memphis 7' Starbucks
An administrative law judge has determined that Starbucks didn't violate the National Labor Relations Act when it surveilled employees' union activities, more strictly enforced its punctuality policy and disciplined a union employee at a store that illegally fired seven activists in 2022.
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December 11, 2025
House Passes Bill To Rev Up Investment, Biz Opportunities
The U.S. House of Representatives on Thursday passed bipartisan legislation that would revamp securities law by making it easier for entrepreneurs and small businesses to access capital and by expanding investment opportunities in private markets.
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December 11, 2025
9th Circ. Upholds Apple App Store Injunction In Epic Fight
The Ninth Circuit mostly affirmed an injunction blocking Apple Inc. from charging developers "prohibitive" commissions on iPhone app purchases made outside its systems on Thursday, handing Epic Games Inc. a partial win in their hotly contested compliance fight while agreeing with Apple that the injunction's commissions ban and certain restrictions are punitive and overbroad.
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December 11, 2025
House Panel Advances Nearly 20 Bills To Protect Kids Online
A package of 18 bills that propose using methods such age verification mandates, government-run studies and educational campaigns to enhance online safeguards for children passed through a House subcommittee Thursday, despite concerns from Democrats that the measures wouldn't be enough to counter recent moves to reduce the roles of states and the Federal Trade Commission in this space.
Expert Analysis
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AI Evidence Rule Tweaks Encourage Judicial Guardrails
Recent additions to a committee note on proposed Rule of Evidence 707 — governing evidence generated by artificial intelligence — seek to mitigate potential dangers that may arise once machine outputs are introduced at trial, encouraging judges to perform critical gatekeeping functions, say attorneys at Lankler Siffert & Wohl.
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Terrorist Label For Maduro Poses New Risks For US Firms
The State Department's recent designation of President Nicolás Maduro, and other Venezuelan government and military officials, as members of a foreign terrorist organization drastically increases the level of caution companies must exercise when doing business in the region to mitigate potential civil, criminal and regulatory risk, say attorneys at Freshfields.
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Series
The Law Firm Merger Diaries: Getting The Message Across
Communications and brand strategy during a law firm merger represent a crucial thread that runs through every stage of a combination and should include clear messaging, leverage modern marketing tools and embrace the chance to evolve, says Ashley Horne at Womble Bond.
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2 Early Settlement Alternatives In Federal Securities Litigation
Most class actions brought under the federal securities laws are either settled or won by the defendants following a motion to dismiss, but two alternative strategies have the potential to lower discovery costs and allow defendants to obtain judgment without the uncertainty of jury trials on complex matters, says Richard Zelichov at DLA Piper.
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Opinion
Horizontal Stare Decisis Should Not Be Casually Discarded
Eliminating the so-called law of the circuit doctrine — as recently proposed by a Fifth Circuit judge, echoing Justice Neil Gorsuch’s concurrence in Loper Bright — would undermine public confidence in the judiciary’s independence and create costly uncertainty for litigants, says Lawrence Bluestone at Genova Burns.
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How Fed. Circ. Shaped Subject Matter Eligibility In 2025
The Federal Circuit's most impactful patent eligibility decisions this year, touching on questions about obviousness and abstractness, provide a toolbox of takeaways that can be utilized during patent preparation and prosecution to guard against potential challenges, says Reilley Keane at Banner Witcoff.
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DC Circ. Decision Reaffirms SEC Authority Post-Loper Bright
The recent denial of a challenge to invalidate 2024 amendments to the U.S. Securities and Exchange Commission's tick size and fee-cap rules reinforces the D.C. Circuit's deference to SEC expertise in market structure regulation, even after Loper Bright, though implementation of the rules remains uncertain, say attorneys at Sidley.
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10 Commandments For Agentic AI Tools In The Legal Industry
Though agentic artificial intelligence has demonstrated significant promise for optimizing legal work, it presents numerous risks, so specific ethical obligations should be built into the knowledge base of every agentic AI tool used in the legal industry, says Steven Cordero at Akerman LLP.
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NY Tax Talk: New ALJs, New Rules, Apportionment, Bundling
Attorneys at Eversheds review the top New York tax law developments from last quarter, including appointments to the New York City Tax Appeals Tribunal and the city's proposed rules to clarify income taxation of foreign corporations, and highlight two litigation matters to watch.
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Series
Preaching Makes Me A Better Lawyer
Becoming a Gospel preacher has enhanced my success as a trial lawyer by teaching me the importance of credibility, relatability, persuasiveness and thorough preparation for my congregants, the same skills needed with judges and juries in the courtroom, says Reginald Harris at Stinson.
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Why Digital Asset Treasuries Are Drawing Regulator Concerns
Financial regulators’ recent focus on potential insider trading and investor risk at hundreds of publicly traded digital asset treasuries may have been summoned by how quickly this rapidly expanding market responds to asset allocation decisions, as well as variations in risk disclosure practices across the sector, say attorneys at The Brattle Group.
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FTC Focus: Amazon's $2.5B Pact Broadens Regulatory Span
Amazon's $2.5 billion deal with the Federal Trade Commission offers takeaways for counsel managing risk across both consumer protection and competition portfolios, including that design strategies once evaluated solely for conversion may now be scrutinized for their competitive effects, say attorneys at Proskauer.
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SEC Penalties Trended Down In FY 2025, Offering 2026 Clues
The U.S. Securities and Exchange Commission's settled corporate penalties in fiscal year 2025 show a clear dividing line, as the largest penalties all came before Inauguration Day, a trend that may continue as the types of cases that lead to the biggest penalties seem to be no longer favored by the commissioners, say attorneys at Dentons.
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Series
Law School's Missed Lessons: Practicing Client-Led Litigation
New litigators can better help their corporate clients achieve their overall objectives when they move beyond simply fighting for legal victory to a client-led approach that resolves the legal dispute while balancing the company's competing out-of-court priorities, says Chelsea Ireland at Cohen Ziffer.
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A Close Look At The Evolving Interval Fund Space
Interval funds — closed-end registered investment companies that make periodic repurchase offers — have recently moved to the center of the conversation about retail access to private markets, spurred along by President Donald Trump's August executive order incorporating alternative assets into 401(k) plans and target date strategies, say attorneys at Simpson Thacher.