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Corporate
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February 20, 2026
PepsiCo Sued Over Shareholder Proposal Exclusion
PepsiCo Inc. has been hit with a lawsuit for moving to exclude a shareholder's animal welfare-focused proposal from its proxy ballot, the latest such suit brought after the U.S. Securities and Exchange Commission adopted a more deferential approach to corporations' decisions on shareholder proposals.
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February 20, 2026
'Fun Fun Fun' Was Fraud Fraud Fraud, Accountant Admits
A film production accountant pled guilty in Los Angeles federal court Friday to embezzling funds from independent film projects he worked for and funneling the stolen cash into his "Fun Fun Fun" account to spend on adult film actresses, Las Vegas getaways and Louis Vuitton.
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February 20, 2026
FTC Chair Wants Merger Cases Filed Only In Fed. Court
Federal Trade Commission Chairman Andrew Ferguson said Friday that the agency should bring its merger challenges directly in federal court, rather than the agency's in-house administrative process, as it typically has done.
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February 20, 2026
3 Questions After Justices Sink Trump's Emergency Tariffs
The U.S. Supreme Court's ruling that President Donald Trump's tariffs imposed under the International Emergency Economic Powers Act are unlawful left open questions for practitioners, including how importers may qualify and claim refunds for the illegal duties paid. Here, Law360 examines three open questions following the justices' ruling.
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February 20, 2026
Veterans Accuse Mortgage Lender Of Illegal Kickback Scheme
Veterans United Home Loans is facing a proposed class action that claims it steers servicemembers into costly mortgages through a system of illegal referrals and kickbacks with preferred sales agents.
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February 20, 2026
Insurer Owed Defense In Birth Defect Suit, 9th Circ. Says
A commercial general liability insurer had a duty to defend a semiconductor manufacturer against an employee's suit claiming that his exposure to chemicals at work caused birth defects in his son, the Ninth Circuit ruled Friday, finding that certain policy exclusions did not unambiguously foreclose coverage.
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February 20, 2026
Tesla Moves To Claw Back $7M, $10M Interest In Fee Fight
Tesla Inc. has asked the Delaware Chancery Court to force the lawyers who secured a massive derivative settlement over board pay to return more than $7 million in allegedly withheld fees and pay over $10 million in interest, arguing that they are defying a recent Delaware Supreme Court ruling that slashed their award.
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February 20, 2026
Fed. Circ. Unwinds Ineligibility Ruling For Gene Therapy IP
The Federal Circuit on Friday saved Regenxbio and the University of Pennsylvania's gene therapy patent, finding that splicing together genes from different organisms results in a molecule that is "markedly different from anything occurring in nature," rendering the therapy patent eligible.
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February 20, 2026
Meta Judge's Antitrust Dismissal 'Usurped' Jury, 9th Circ. Told
Facebook users urged the Ninth Circuit to revive their proposed class action accusing Meta Platforms Inc. of monopolizing personal social networking markets by misrepresenting its privacy and data practices, arguing that a trial judge misapplied antitrust law and "improperly usurped the jury's role" in deciding factual disputes.
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February 20, 2026
Ind. Stadium Bill Moves NFL's Bears Step Closer To Ill. Exit
An Indiana legislative panel has taken a step toward supporting the Chicago Bears in a possible move from Soldier Field in Chicago to a domed stadium in Hammond, Indiana, after Illinois lawmakers said late last year they would not help fund the team's move out of the city to another suburban site.
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February 20, 2026
Beasley Allen Can't Pause NJ Talc DQ Order, Judge Rules
The Beasley Allen Law Firm can't delay an order disqualifying it from representing hundreds of women who claim their ovarian cancer was caused by Johnson & Johnson's talcum powder while it seeks review from the New Jersey Supreme Court, a state judge ruled on Friday.
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February 20, 2026
Middle-Market Private Data Sector Poised For M&A Growth
As demand for insight into the opaque corners of the financial world accelerates, buyers are increasingly zeroing in on middle-market private market data providers, where attorneys say consolidation is poised to intensify.
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February 20, 2026
Milwaukee Accuses Fire Truck Giants Of Rigging The Market
The city of Milwaukee has alleged in a proposed class action that the country's largest fire truck makers and their trade group conspired to slow production so they could force cities and their departments to pay inflated prices.
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February 20, 2026
Tesla Can't Escape $243M Autopilot Crash Verdict
A Florida federal judge refused Friday to undo a $243 million verdict against Tesla, finding evidence presented at trial "more than supports" a jury's determination that the carmaker's Autopilot system contributed to a fatal 2019 crash.
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February 20, 2026
GC Cheat Sheet: The Hottest Corporate News Of The Week
Several pension funds in New York City sued AT&T, alleging the illegal exclusion of their shareholder proposal requesting a corporate diversity report from the telecom giant's corporate ballot. In the meantime, the DOJ said the Trump administration is investigating federal contractors and grant recipients for potentially engaging in discrimination, rather than for their DEI programs. These are among the stories in corporate legal news you may have missed in the past week.
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February 20, 2026
Taxation With Representation: Freshfields, Simpson Thacher
In this week's Taxation With Representation, science and technology company Danaher Corp. acquires medical technology company Masimo Corp., Covetrus merges with a unit of fellow animal health technology company Cencora, and private equity firm Leonard Green & Partners LP buys outstanding Mister Car Wash Inc. shares not already owned by LGP affiliates.
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February 20, 2026
Kennedy Wilson Investor Sues To Block $1.65B Take-Private
A Kennedy-Wilson Holdings Inc. stockholder has sued in the Delaware Chancery Court to block the company's $1.65 billion take-private deal, arguing that the transaction violates Delaware's anti-takeover statute and cannot legally proceed without a supermajority vote of disinterested investors.
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February 20, 2026
Drilling Co. Accused Of Shorting Workers On Overtime
A drilling services company stiffs employees on wages by requiring off-the-clock work, rounding their hours and miscalculating overtime, a worker alleged in a proposed collective action filed in Utah federal court.
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February 20, 2026
Trump Imposes Maximum Tariff After Supreme Court Rebuke
President Donald Trump imposed a temporary global tariff with several exemptions hours after the U.S. Supreme Court struck down tariffs imposed under the International Emergency Economic Powers Act, then announced that he would increase the duty to the 15% maximum.
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February 19, 2026
Ex-Google Engineers Took Trade Secrets To Iran, DOJ Says
Three Silicon Valley engineers exploited their employment at Google and other major tech companies in order to steal trade secrets and send the confidential information to personal devices that they then accessed in Iran, the U.S. Department of Justice said Thursday.
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February 19, 2026
5th Circ. Pauses Order Scrapping FTC Merger Filing Overhaul
The Fifth Circuit on Thursday granted the Federal Trade Commission's emergency motion to pause a Texas federal judge's ruling that threw out the agency's overhaul of premerger reporting requirements.
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February 19, 2026
'Hate' For Musk Quickly Narrows Jury Pool In Twitter Deal Trial
A California federal judge quickly narrowed a pool of 92 prospective jurors Thursday in a class action brought by former Twitter investors against Elon Musk, excusing 38 potential jurors who said they couldn't be fair and impartial as Musk's attorney lamented there are "so many people who hate him so much."
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February 19, 2026
Meta Doesn't Understand Its Own Algorithms, Ex-VP Testifies
A former vice president at Meta Platforms Inc. told a California jury Thursday in a landmark bellwether trial over claims the company's Instagram and Google LLC's YouTube harm children's mental health that he quit because he was deeply concerned about safety, and that even Meta's own experts don't understand how its algorithms work.
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February 19, 2026
Latham To Guide Seahawks Sale In Wake Of Super Bowl Win
BigLaw firm Latham & Watkins LLP and investment bank Allen & Co. have been tapped to oversee the sale of the Seattle Seahawks, the estate of late team owner Paul G. Allen said in a Wednesday announcement kicking off the process, less than two weeks after the team scored its second Super Bowl victory in franchise history.
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February 19, 2026
Texas Suit Says Sanofi Paid Kickbacks For Prescriptions
Texas Attorney General Ken Paxton sued Sanofi-Aventis US LLC in state court Thursday, accusing the pharmaceutical company of paying kickbacks to providers so they would prescribe Sanofi's drugs.
Expert Analysis
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AI's Role In Google Antitrust Suit May Reshape Tech Markets
The evolution of AI in retail has reshaped the U.S.' antitrust case against Google, which could both benefit small business innovators and consumers, and fundamentally alter future antitrust cases, including the Federal Trade Commission's lawsuit against Amazon, says Graham Dufault at ACT.
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Series
The Biz Court Digest: How It Works In Massachusetts
Since its founding in 2000, the Massachusetts Business Litigation Session's expertise, procedural flexibility and litigant-friendly case management practices have contributed to the development of a robust body of commercial jurisprudence, say James Donnelly at Mirick O’Connell, Felicia Ellsworth at WilmerHale and Lisa Wood at Foley Hoag.
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How The SEC May Overhaul Its Order Protection Rule
Attorneys at Skadden trace the evolution of the controversial Rule 611 of Regulation National Market System, examine the current debate surrounding its effectiveness, and consider how the U.S. Securities and Exchange Commission's emerging Project Crypto initiative could reshape Regulation NMS for a tokenized, on-chain market environment.
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Why Appellees Should Write Their Answering Brief First
Though counterintuitive, appellees should consider writing their answering briefs before they’ve ever seen their opponent’s opening brief, as this practice confers numerous benefits related to argument structure, time pressures and workflow, says Joshua Sohn at the U.S. Department of Justice.
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FTC Focus: M&A Approvals A Year After Trump's Election
The Federal Trade Commission merger-enforcement regime a year since President Donald Trump's election shows how merger approvals have been expedited by the triaging out of more deals, grants for early termination of the Hart-Scott-Rodino waiting period, and zeroing in on preparing solutions for the biggest problems, say attorneys at Proskauer.
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AG Watch: DC Faces Congressional Push To End Elected Role
Given the current structural tension between D.C.'s local autonomy and congressional plenary power, legal and business entities operating in the district should maintain focus on local enforcement gaps, and monitor the legislative process closely, says Lauren Cooper at Hogan Lovells.
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Federal Acquisition Rules Get Measured Makeover
The Trump administration's promised overhaul of the Federal Acquisition Regulation is not a revolution in rules, but a meaningful recalibration of procurement practice that gives contracting officers more space to think, to tailor and to try, say attorneys at Mayer Brown.
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2nd Circ. Peloton Ruling Emphasizes Disclosure Context
The Second Circuit’s recent decision to revive shareholders’ suit alleging that Peloton made materially misleading statements makes clear that public companies must continually review risk disclosures to determine if previous hypotheticals have materialized, say attorneys at Baker Botts.
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Series
Mindfulness Meditation Makes Me A Better Lawyer
Mindful meditation enables me to drop the ego, and in helping me to keep sight of what’s important, permits me to learn from the other side and become a reliable counselor, says Roy Wyman at Bass Berry.
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Lessons From 7th Circ. Decision Affirming $183M FCA Verdict
The Seventh Circuit's decision to uphold a $183 million False Claims Act award against Eli Lilly engages substantively with recurring materiality and scienter questions and provides insights into appellate review of complex trial court judgments, say Ellen London at London & Naor, Li Yu at Bernstein Litowitz and Kimberly Friday at Osborn Maledon.
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HSR Data Shows Most Deals Exit Antitrust Review Unscathed
Merger activity is up, enforcement is down and the vast majority of deals are emerging from U.S. federal antitrust review in one piece, new 2024 fiscal-year Hart-Scott-Rodino data shows, meaning companies should not shy away from deals based on a perception that recent antitrust enforcement has been unusually aggressive, says Amanda Wait at Michael Best.
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Opinion
Punitive Damages Awards Should Be Limited To 1st Instance
Recent verdicts in different cases against Johnson & Johnson and Monsanto showcase a trend of multiple punitive damages being awarded to different plaintiffs for the same course of conduct by a single defendant, a practice that should be deemed unconstitutional by the U.S. Supreme Court, says Jacob Mihm at Polales Horton.
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How Calif. High Court Is Rethinking Forum Selection Clauses
Two recent cases before the California Supreme Court show that the state is shifting toward greater enforcement of freely negotiated forum selection clauses between sophisticated parties, so litigators need to revisit old assumptions about the breadth of California's public policy exception, says Josh Patashnik at Perkins Coie.
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AI Litigation Tools Can Enhance Case Assessment, Strategy
Civil litigators can use artificial intelligence tools to strengthen case assessment and aid in early strategy development, as long as they address the risks and ethical considerations that accompany these uses, say attorneys at Barnes & Thornburg.
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Attys Beware: Generative AI Can Also Hallucinate Metadata
In addition to the well-known problem of AI-generated hallucinations in legal documents, AI tools can also hallucinate metadata — threatening the integrity of discovery, the reliability of evidence and the ability to definitively identify the provenance of electronic documents, say attorneys at Law & Forensics.