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Corporate
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February 27, 2026
Meta Targets Chinese Co. For 'Celeb-Bait' Ad Fraud Scheme
Meta Platforms Inc. has sued a Chinese technology company for what it described as a "celeb-bait" advertising scheme in which celebrities are featured in ads without their consent with the goal of tricking customers into clicking on them, according to a suit filed in California federal court.
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February 27, 2026
Social Media Trial Judge Threatens Media With Gag Order
The judge overseeing the landmark bellwether trial accusing major social media platforms of harming children's mental health lashed out at the media Friday morning, threatening to issue a gag order because she believed an outlet violated her orders to stay away from jurors in the hallway.
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February 27, 2026
REIT Execs Hurt Investors With Dividend 'Reset,' Suit Says
Real estate investment trust Franklin BSP Realty Trust Inc. is facing a proposed investor class action in New York federal court alleging it concealed the possibility that it would cut its quarterly dividend payouts, hurting investors when it announced a dividend "reset" and its share price subsequently fell.
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February 27, 2026
Real Estate Recap: Tariff Twist, EB-5 Chatter, Clean Air Clarity
Catch up on this past week's key developments by state from Law360 Real Estate Authority — including real estate attorney reactions to the U.S. Supreme Court striking down certain tariffs, the EB-5 scene as deadlines loom and one BigLaw leader's insights into the potential overhaul of a key regulatory definition under the Clean Air Act.
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February 27, 2026
TD Bank Escapes $3-Fee Suit, NY Law Ruled Unconstitutional
A New York federal judge on Friday dismissed, with prejudice, a suit alleging that TD Bank was illegally charging customers a $3 fee to receive monthly paper statements for their checking accounts, finding that the underlying statute on which the suit was based is unconstitutional.
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February 27, 2026
2nd Circ. Affirms Norfolk's Win In Investors' Derailment Suit
The Second Circuit on Friday declined to revive a suit by investors claiming railroad operator Norfolk Southern Corp. botched disclosures about how an efficiency plan might cause derailments, validating a lower court's interpretation that the statements about safety were inactionable puffery.
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February 27, 2026
SEC Moves To Toss Suit Over 'Accredited Investor' Rule
The U.S. Securities and Exchange Commission is fighting a lawsuit challenging income limits that prohibit those making less than $200,000 a year from investing in the private markets, telling a Texas federal court that lifting income requirements could actually make it more difficult for businesses to find investors.
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February 27, 2026
SEC Issues Final Rules For Foreign Private Issuer Reporting
The U.S. Securities and Exchange Commission on Friday adopted final rules requiring directors and officers of foreign private issuers to begin disclosing their holdings and transactions of the issuer's securities on March 18, as mandated under a new law aimed at cracking down on foreign insider trading.
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February 27, 2026
FCC Staff Gives Go-Ahead To $34B Charter, Cox Tie-Up
The Federal Communications Commission's staff on Friday cleared the $34.5 billion combination of cable giants Cox and Charter, approving the license transfers needed to merge into a broadband, mobile and video distribution behemoth.
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February 27, 2026
Musk Bid 'Too Late' To Delay Trial In Twitter Investor Suit
With days before trial, a California federal judge denied a slew of motions filed by Elon Musk challenging investors' claim that the tech mogul ran a "scheme" to depress the price of Twitter securities during acquisition negotiations, saying Musk waited too long to try and toss the claim.
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February 27, 2026
Employment Authority: EEOC Eyes Harassment Case Law Fix
Law360 Employment Authority covers the biggest employment cases and trends. Catch up this week with coverage on U.S. Equal Employment Opportunity Commission attempts to clarify the standard for analyzing employer liability in third-party harassment cases, a proposed U.S. Department of Labor rule establishing whether a worker is an independent contractor or employee, and how a National Labor Relations Board member's recent assertion that he would rethink a longstanding merger doctrine provides a glimpse of the new board majority's views.
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February 27, 2026
Keep DraftKings Suit In State Court, Baltimore Tells 4th Circ.
Maryland courts should decide whether DraftKings and FanDuel use deceptive and exploitative practices on local residents, attorneys for the city of Baltimore told the Fourth Circuit, saying that the state's power to enforce its consumer protection laws must be upheld.
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February 27, 2026
Ala. Lawmakers OK Boosted Tourism Project Tax Break Cap
Alabama would increase caps on tax rebates available to companies that operate qualifying tourism projects in the state under a bill approved by the state Legislature and sent to the governor.
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February 27, 2026
3 Mass. Rulings You May Have Missed In February
A venture capital firm cannot be held liable for damages claimed by the former CEO of a company in which it took a stake, remote work counts when determining personal jurisdiction and claims by two contractors that a municipal garage project deadline had been extended crumbled, according to recent rulings in Massachusetts state court.
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February 27, 2026
GC Cheat Sheet: The Hottest Corporate News Of The Week
A proxy season preview report showed that nearly three-quarters of shareholder proposals for annual corporate meetings among Russell 3000 companies this year have gone to a vote. The U.S. Department of Labor unveiled the details of a long-awaited proposed rule to replace a previous administration's regulation outlining how to decide if a worker is an employee or independent contractor. These are among the stories in corporate legal news you may have missed in the past week.
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February 27, 2026
Taxation With Representation: Linklaters, Wilson Sonsini
In this week's Taxation With Representation, French electric utility Engie acquires UK Power Networks, Gilead Sciences Inc. buys clinical-stage biotechnology company Arcellx Inc., and The Brink's Co. acquires NCR Atleos in a deal that unites two major companies in the ATM business.
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February 27, 2026
Del. Supreme Court OKs Disputed Corporate Law Rework
Delaware's Supreme Court upheld Friday hotly contested legislation approved by state lawmakers in 2025 that expanded liability shields for some corporate acts involving controlling stockholders or potentially conflicted officers or directors, and narrowed public access to some corporate books and records.
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February 26, 2026
Social Media Plaintiff 'Wanted To Be On It All The Time' As Kid
The plaintiff in a landmark bellwether trial over claims Instagram and YouTube harms children's mental health testified Thursday she started obsessively using the platforms as a small child, and that her obsession with them contributed to or worsened her anxiety, depression and body dysmorphia.
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February 26, 2026
IRhythm Investors Say 2021 Goldman Ruling Doesn't Bar Cert.
IRhythm Technologies investors urged a California federal judge Thursday to certify a class that bought 30 million shares while the digital healthcare company allegedly jacked its stock price with false and misleading statements about a heart-event monitoring device, saying the U.S. Supreme Court's 2021 Goldman price impact ruling doesn't apply.
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February 26, 2026
Exec To Pay SEC Fine Over Fake Berkshire Hathaway Deal
A former Brazilian reinsurance executive will pay a $500,000 civil penalty to end U.S. Securities and Exchange Commission allegations that he improperly sought to boost shares of his company by means of planting false stories that Warren Buffett's Berkshire Hathaway had acquired a significant stake in the business.
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February 26, 2026
Proxy Preview Report Says Cos. Cautious With Exclusions
More than 70% of shareholder proposals for annual corporate meetings among Russell 3000 companies this year have proceeded to a vote, according to a new proxy season preview report, indicating early filing companies may be taking a cautious approach toward exclusions in light of regulatory shifts giving them more leeway.
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February 26, 2026
Toyota Nears OK On $436M Class Deal Over Forklift Emissions
A California federal judge indicated Thursday she'll give preliminary approval to Toyota Industries Corp.'s $436 million class action settlement to resolve claims the auto giant and its subsidiaries misled tens of thousands of business buyers into thinking the emissions of its forklift and construction engines were "the cleanest" in the industry.
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February 26, 2026
Atty Owns 'Sloppy' Incorrect Citations Before Texas Justices
A Houston attorney told a Texas appellate panel Thursday that incorrect case citations in his brief were "sloppy" and "embarrassing," taking responsibility for errors that included nonexistent cases and inaccurate quotations.
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February 26, 2026
Amazon Loses Bid For 'Hot Tub' Hearing In Antitrust Suit
A Washington federal judge on Thursday shot down Amazon.com Inc.'s push for a concurrent hearing with multiple expert witnesses in a proposed class action accusing the retail giant of artificially inflating consumer prices, ruling that what's known as a "hot tub" hearing is "not necessary at this time."
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February 26, 2026
Allbirds Investors' 'Kitchen-Sink' Strategy Dooms IPO Suit
A California federal judge Thursday dismissed a putative securities fraud class action against Allbirds Inc. for a third time, giving shareholders who sued no more chances to amend their lawsuit, given what she called their "kitchen-sink" approach to pleading 60 allegedly false statements made ahead of the footwear company's 2021 stock launch.
Expert Analysis
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After Learning Resources: A Practical Guide For US Importers
Following the U.S. Supreme Court's Feb. 20 decision in Learning Resources v. Trump, U.S. importers and consumers on whom tariffs were imposed under the International Emergency Economic Powers Act can seek relief through existing administrative procedures or a yet-to-be-determined bespoke refund mechanism, and should plan for more changes in the tariff landscape, say attorneys at Baker Botts.
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Opinion
AI-Assisted Arbitration Needs Safeguards To Ensure Fairness
As tribunals and arbitral institutions increasingly use artificial intelligence tools in their decision-making processes, clear disclosure standards and procedural safeguards are necessary to ensure that efficiency gains do not erode the fairness principles on which arbitration depends, says Alexander Lima at Wesco International.
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How Del. High Court's Moelis Reversal Fits Into DExit Debate
By declining to decide the facial validity of the provisions at issue in Moelis & Co. v. West Palm Beach Firefighters Pension Fund, the Delaware Supreme Court's recent reversal of the Court of Chancery's 2024 ruling highlights broader implications for the ongoing debate over whether companies should incorporate elsewhere, say attorneys at Akin.
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Series
Playing Piano Makes Me A Better Lawyer
Playing piano and practicing law share many parallels relating to managing complexity: Just as hearing an entire musical passage in my head allows me to reliably deliver the message, thinking about the audience's impression helps me create a legal narrative that keeps the reader engaged, says Michael Shepherd at Fish & Richardson.
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AI Trade Secret Conviction Highlights Espionage Risks
A California federal court's conviction last month of an ex-Google engineer who stole artificial intelligence trade secrets for the benefit of China is the latest in a series of foreign economic espionage cases and illustrates the urgent need for U.S. companies to implement robust security measures, says attorney Peter Toren.
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Considering The Prospects Of A Robinson-Patman Act Revival
Following a flurry of activity under the Biden administration, Federal Trade Commission price-discrimination cases under the Robinson-Patman Act are at a crossroads, and state-level enforcement could become the next frontier in this area, say attorneys at Hogan Lovells.
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What 4th Circ.-Approved DEI Ban Means For Employers
The Fourth Circuit’s recent lifting of the injunction against two executive orders banning recipients of federal funds from conducting diversity, equity and inclusion programs means employers should conduct audits to minimize their risk of violating federal antidiscrimination laws or the False Claims Act, says Jonathan Segal at Duane Morris.
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New Foreign Bribery Guide Can Help Int'l Cos. Identify Risks
In light of growing global coordination on anti-bribery enforcement, the International Foreign Bribery Taskforce’s recent guide to foreign bribery indicators represents a step forward in the standardization of factors for evaluating corruption risks that multinational companies should consider, say lawyers at Paul Weiss.
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What DOJ's New Trade Fraud Push Means For Cos.
The U.S. Department of Justice's announcement this week that it is elevating trade fraud to an economic and national security imperative sends an unmistakable message to multinational corporations, importers, compliance professionals and supply chain managers that the days of laissez-faire enforcement are over, says Markus Funk at White & Case.
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3 Cases Highlight SEC Distinction Between Exec, Co. Liability
Three recent enforcement actions against Spero Therapeutics, Lottery.com and Archer-Daniels-Midland demonstrate that while public companies are subject to liability for misrepresentations, the U.S. Securities and Exchange Commission is focused on individual liability when disclosure violations involve so-called half-truths, say attorneys at Cooley.
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AI-Generated Doc Ruling Guides Attys On Privilege Risks
A New York federal court's ruling, in U.S. v. Heppner, that documents created by a defendant using an artificial intelligence tool were not privileged, can serve as a guide to attorneys for retaining attorney-client or work-product privilege over client documents created with AI, say attorneys at Sher Tremonte.
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The Law Firm Merger Diaries: Leadership Strategy After Day 1
For law firm leaders, ensuring a newly combined law firm lives up to its promise, both in its first days of operation and well after, includes tough decisions, clear and specific communication, and cheerleading, says Peter Michaud at Ballard Spahr.
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How US Liability Law Is Becoming The Primary Regulator Of AI
Comprehensive federal AI regulation remains fragmented and uncertain — but U.S. courts, applying long-standing doctrines of liability and responsibility, are actively shaping how AI systems are designed, deployed and governed, and companies are aligning their AI practices because courts may hold them accountable if they do not, says Alexander Lima at Wesco International.
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Record FCA Recoveries Signal Intensified Healthcare Focus
In its recently released False Claims Act statistics, the U.S. government's emphasis on record healthcare recoveries and government-initiated healthcare matters last year indicates robust enforcement ahead, though the administration's focus on current policy objectives also extends beyond the healthcare sector, say attorneys at Epstein Becker.
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Mind The Gap: Crafting D&O Straddle Coverage For M&A
A recent Florida federal court decision highlights an often-overlooked risk for those negotiating directors and officers insurance coverage for mergers and acquisitions: the potential for so-called straddle claims, falling in the gap between tail and go-forward coverage, say attorneys at Reed Smith.