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September 15, 2025
Bank CEO's Wife Says She Never Joined $7M Fraud
The wife of a former Puerto Rican bank CEO asked a Florida federal judge Friday to dismiss the bank receiver's $7 million conspiracy claim against her, arguing that simply signing a loan note is not proof that she knowingly joined any scheme to defraud the bank.
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September 15, 2025
Engineer Who Tried To Pass Secrets To Russia Gets 10½ Years
A onetime defense contractor who held national security clearances will spend more than a decade in prison after he admitted to trying to help Russia and disclosing information about U.S. fighter jets to an undercover FBI agent, federal prosecutors said Monday.
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September 15, 2025
Ga. Jury Sides With Makers In Mattress Injury Case
After about an hour of deliberation on Monday afternoon, an Atlanta jury found that a mattress manufacturer and a bedding components supplier weren't liable for injuries a woman allegedly incurred when her skin was punctured by a mattress in her husband's tractor-trailer sleeping cabin.
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September 15, 2025
Energy Trader Tries To Sink CFTC Spoofing Case
An energy trading firm and its owner asked an Illinois federal judge on Friday to grant summary judgment on the Commodity Futures Trading Commission's allegations they manipulated the crude oil market, saying the agency has put forward no evidence the owner intended to cancel the futures orders in question when he placed them.
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September 15, 2025
Sears Investors Ink $9M Deal In Fiduciary Breach Case
A hedge fund manager and his firm will pay more than $9 million to end a long-running lawsuit alleging that they shortchanged investors when they took Sears Hometown and Outlet Stores Inc. private in 2019, according to a deal filed in the Delaware Court of Chancery.
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September 15, 2025
X Corp., X Social Media Settle TM Fight Over Twitter Rebrand
An advertising agency for attorneys, X Social Media, has settled a trademark dispute with X Corp. that arose from Elon Musk's Twitter rebrand, the parties told a Florida federal judge Monday.
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September 15, 2025
Ill. Court Backs Sanction Over 'Smoking Gun' Email In Buyout
An Illinois state appeals court has affirmed sanctions against an export company and its counsel, citing their failure to disclose a "smoking gun" email that undermined claims the company relied on a financial summary prepared by its accounting firm and ultimately paid too much to buy out a co-owner.
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September 15, 2025
Disney Workers Get Final OK On $43M Gender Bias Deal
A California judge granted final approval Monday of Disney's $43.25 million class action settlement with over 15,000 female midlevel managers over allegations the entertainment giant paid them less than their male colleagues.
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September 15, 2025
Med Transport Co. Founder Sues In Del. Over Share Cash-Out
The founder and former CEO of emergency transport company AmeriPro Health LLC has sued the company and others in Delaware's Court of Chancery, alleging that he was unjustifiably fired, replaced on the company's board and had his LLC units cashed out for at least $20 million below value.
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September 15, 2025
Catching Up With Delaware's Chancery Court
Delaware's governor weighed in on a challenge to recently approved state legislation that bars damages or "equitable" relief for some controlling stockholder or going-private deals. Meanwhile, Moelis told the Delaware Supreme Court that the struck-down stockholder agreement that triggered that legislation was valid. Additionally, one of two newly funded magistrates' posts in the Chancery Court has been filled.
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September 15, 2025
ING Atty To Lead Cahill Gordon's New Derivatives Practice
After more than two decades working in-house, a seasoned derivatives lawyer has transitioned back into private practice as a bank regulatory partner at Cahill Gordon & Reindel LLP, the law firm said Monday.
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September 15, 2025
US, China Agree On TikTok Ownership Transfer, Bessent Says
The U.S. and China established a commercial framework for a deal with video sharing giant TikTok to transfer ownership of the app to the U.S., just days before a deadline to sell the app or shut it down, U.S. Treasury Secretary Scott Bessent told reporters at a press conference in Madrid on Monday.
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September 15, 2025
Record Labels, Internet Archive Settle Copyright Feud
A group of record labels has settled a copyright suit that accused the Internet Archive of infringing thousands of songs after making them available for free as part of the "Great 78 Project," according to a joint notice from the parties filed Monday in California federal court.
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September 15, 2025
EPA Backs Off Drinking Water Regs For 4 PFAS
The U.S. Environmental Protection Agency has asked the D.C. Circuit to vacate part of its rule setting drinking water standards for certain forever chemicals, saying it now believes that those shouldn't have been included in a Biden-era rule.
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September 15, 2025
Reed Smith Names Department And Practice Group Leaders
Reed Smith LLP announced Monday that it has made changes to its department and practice group leadership, including the appointment of attorneys to lead its U.S. global commercial disputes practice group and co-lead its global litigation and dispute resolution department.
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September 15, 2025
Cooley Welcomes New York SEC Enforcement Leader Home
An associate regional director for the New York office of the U.S. Securities and Exchange Commission has rejoined Cooley LLP as a core member of the firm's SEC enforcement practice.
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September 15, 2025
Raines Feldman Gains 7 New Attys In Calif., NY
Raines Feldman Littrell LLP announced Friday that it has added seven new attorneys to its ranks, adding bicoastal legal talent across four different practice areas.
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September 15, 2025
Former Nuclear Commission GC Joins Morgan Lewis In DC
The former general counsel of the U.S. Nuclear Regulatory Commission, who spent nearly her entire career there in roles at the intersection of nuclear law and policy, has joined Morgan Lewis & Bockius LLP's Washington, D.C., office, the firm said Monday.
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September 12, 2025
8th Circ. Pauses Challenges To Abandoned Climate Regs
The Eighth Circuit on Friday said it would wait to rule on challenges to Biden-era climate disclosure rules that the U.S. Securities and Exchange Commission has said it will no longer defend, giving the regulator time to decide what it wants to do with the rules.
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September 12, 2025
Wabtec Wants Caterpillar Unit's Antitrust Claims Axed Again
Caterpillar subsidiary Progress Rail is trying "yet again" to "turn what are, at most, contract disputes into an antitrust lawsuit" after its claims against rail giant Wabtec over its 2019 merger with General Electric's transportation unit failed the first time around, a Delaware federal court has been told.
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September 12, 2025
Google Gets IP Claims Against Some AI Products Tossed
A California federal judge trimmed Thursday a consolidated proposed class action alleging Google's artificial-intelligence training models infringed artists and writers' copyrights and dismissed its parent company Alphabet altogether, finding that the creators can only pursue claims implicating six out of 16 of Google's AI products.
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September 12, 2025
Uber Rider's Past Sex Conduct Off Limits In Sex Assault Trial
A California state judge overseeing a bellwether trial over sexual assault allegations against Uber warned attorneys for the ride hailing giant Friday that when it questions the plaintiff in coming days, it won't be allowed to elicit testimony about her other sexual activity unless her side "opens the door."
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September 12, 2025
FAA Suggests $3.1M Boeing Fine For 2024 Door-Plug Blowout
The Federal Aviation Administration has proposed fining Boeing over $3.1 million for safety violations, including some related to the midair door-plug blowout on a 737 Max 9 jet operated by Alaska Airlines in 2024, according to an announcement made Friday.
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September 12, 2025
Calif. Sends Groundbreaking Data Use Opt-Out, AI Bills To Gov.
The California Legislature has approved several cutting-edge measures to boost online data privacy and safety protections for consumers, including proposals that would require browser operators such as Apple and Google to enable users to easily stop the sale and sharing of their personal data across websites and push AI-powered "companion" chatbot providers to implement safeguards.
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September 12, 2025
Albertsons Loses Bid For Docs On Kroger CEO's Exit
The Kroger Co. does not have to turn over documents to Albertsons Cos. Inc. concerning former Kroger CEO Rodney McMullen's abrupt exit, the Delaware Chancery Court ruled Friday, saying that personal conduct that prompted McMullen's resignation wasn't relevant to Albertsons' litigation claims over the grocery chains' failed $25 billion merger.
Expert Analysis
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APA Relief May Blunt Justices' Universal Injunction Ruling
The Administrative Procedure Act’s avenue for universal preliminary relief seems to hold the most promise for neutralizing the U.S. Supreme Court’s decision in Trump v. CASA to limit federal district courts' nationally applicable orders, say attorneys at Crowell.
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Series
Ohio Banking Brief: All The Notable Legal Updates In Q2
Ohio's financial services sector saw several significant developments in the second quarter of 2025, including a case that confirmed credit unions' setoff rights, another that established contract rights between banks and cardholders, and the House passage of a digital asset bill, say attorneys at Frost Brown.
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Building Better Earnouts In The Current M&A Climate
In the face of market uncertainty, we've seen a continued reliance on earnouts in M&A deals so far this year, but to reduce the risk of related litigation, it's important to use objective standards, apply company metrics cautiously and ensure short time periods, among other best practices, say attorneys at White & Case.
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Managing Risks As State AGs Seek To Fill Enforcement Gap
Given an unprecedented surge in state attorney general activity resulting from significant shifts in federal enforcement priorities, companies must consider tailored strategies for navigating the ever-evolving risk landscape, say attorneys at Cozen O'Connor.
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A Deep Dive Into 14 Nixed Gensler-Era SEC Rule Proposals
The U.S. Securities and Exchange Commission last month formally withdrew 14 notices of proposed rulemaking, including several significant and widely criticized proposals that had been issued under former Chair Gary Gensler's leadership, signaling a clear and definitive shift away from the previous administration, say attorneys at Dechert.
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Series
Law School's Missed Lessons: Skillful Persuasion
In many ways, law school teaches us how to argue, but when the ultimate goal is to get your client what they want, being persuasive through preparation and humility is the more likely key to success, says Michael Friedland at Friedland Cianfrani.
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A Look At Trump 2.0 Antitrust Enforcement So Far
The first six months of President Donald Trump's second administration were marked by aggressive antitrust enforcement tempered by traditional structural remedies for mergers, but other unprecedented actions, like the firing of Federal Trade Commission Democrats, will likely stoke heated discussion ahead, says Richard Dagen at Axinn.
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Reform Partly Modernizes Small Biz Stock Gains Exclusion
Changes to the Internal Revenue Code in the One Big Beautiful Bill Act update the qualified small business stock gains exclusion to reflect inflation, but the regime would be more in line with current business realities if Congress had also made the exemption available to additional business structures, says Mark Parthemer at Glenmede.
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How Real Estate Funds Can Leverage Del. Statutory Trusts
Over the last two years, traditional real estate fund sponsors have begun to more frequently adopt Delaware Statutory Trust programs, which can help diversify capital-raising strategies and access to new sources of capital, among other benefits, say attorneys at Polsinelli.
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Litigation Inspiration: How To Respond After A Loss
Every litigator loses a case now and then, and the sting of that loss can become a medicine that strengthens or a poison that corrodes, depending on how the attorney responds, says Bennett Rawicki at Hilgers Graben.
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Tips For Cos. From California Climate Reporting FAQ
New guidance from the California Air Resources Board on how businesses must implement the state's sweeping climate reporting requirements should help companies assess their exposure, understand their disclosure obligations and begin documenting good-faith compliance efforts, says Thierry Montoya at Frost Brown.
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New Interpol Silver Notice Could Be Tool For Justice Or Abuse
Interpol has issued dozens of Silver Notices to trace and recover assets linked to criminal activity since January, and though the tool may disrupt organized crime and terrorist financing, attorneys must protect against the potential for corrupt misuse, say attorneys at Clark Hill and Arktouros.
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How NJ's Proposed Privacy Rules Could Reshape AI Data Use
Although not revolutionary, New Jersey's proposed privacy rules would create obligations around the management and processing of consumer personal data that will require careful planning before they can be successfully implemented, say attorneys at Norton Rose.
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Why SEC Abandoned Microcap Convertible Debt Crackdown
The U.S. Securities and Exchange Commission has recently dismissed several cases targeting microcap convertible debt lenders, a significant disavowal of what was a controversial enforcement initiative under the Biden administration and a message that the new administration will focus on clear fraud, say attorneys at O'Melveny.
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The Metamorphosis Of The Major Questions Doctrine
The so-called major questions doctrine arose as a counterweight to Chevron deference over the past few decades, but invocations of the doctrine have persisted in the year since Chevron was overturned, suggesting it still has a role to play in reining in agency overreach, say attorneys at Crowell & Moring.