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June 05, 2026
The Delaware Chancery Court has recommended that Paramount Global turn over additional board-level documents to stockholders investigating whether controlling shareholder Shari Redstone improperly influenced the company's $8 billion sale to Skydance Media, finding there is a credible basis to suspect potential wrongdoing in the merger process.
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June 05, 2026
Spotify USA Inc. has been accused of unfairly reducing payments to small creators by implementing a 1,000-stream royalty threshold and changing the way it counts streams, saves and other engagement metrics, according to a lawsuit alleging violations of Connecticut trade laws.
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June 05, 2026
A Los Angeles jury cleared Johnson & Johnson of any liability in the deaths of three women from ovarian cancer, finding Friday following a six-week bellwether trial that the company's sales of talcum powder were not negligent.
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June 05, 2026
Western Asset Management Co. LLC on Friday agreed to pay $100 million to settle allegations from the U.S. Securities and Exchange Commission that the investment management firm "failed to take reasonable steps to detect and prevent" its former executive's purported cherry-picking practices.
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June 05, 2026
IRhythm Technologies Inc. investors asked a California federal judge to preliminarily greenlight a $45 million settlement resolving allegations the digital healthcare company inflated stock prices with misrepresentations about its heart-event monitoring device, noting the deal is a favorable result that warrants approval, given the possibility of no recovery.
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June 05, 2026
A healthcare-sector securities analyst took in $350,000 by trading on insider information he received after being cleared to access company secrets in a process called "wall-crossing," federal prosecutors in Manhattan charged Friday.
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June 05, 2026
Paramount Skydance has asked a California federal judge to toss a consumer antitrust challenge to its pending $110 billion acquisition of Warner Bros. Discovery, saying the lawsuit lacks essential elements to state a claim and criticizing the opposition for treating the litigation like a "sport" rather than a "serious matter."
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June 05, 2026
Klarna is fighting to send to arbitration a proposed class action that alleges its "buy now, pay later" service targets financially vulnerable people without screening out unaffordable lending, saying the lead plaintiffs have agreed multiple times to arbitrate disputes over Klarna's products and services.
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June 05, 2026
A Washington federal judge has ordered Fabric Inc.'s former chief financial officer to pay $35 million in restitution after he embezzled the sum from the software firm to invest in crypto tokens that later collapsed, rejecting his arguments that he shouldn't be on the hook for losses that occurred after he gave the tokens to the firm.
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June 05, 2026
SOC Investment Group is cautioning potential investors in SpaceX's upcoming initial public offering about perceived financial risks, saying it has an inflated valuation and issues over transparency and governance.
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June 05, 2026
Multistate marijuana company Trulieve Cannabis Corp. announced Friday that in response to a Trump administration rule loosening federal restrictions on medical cannabis, it would be listed on the New York Stock Exchange beginning next week, a first for the marijuana industry.
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June 05, 2026
A Michigan federal judge has granted preliminary approval to a $17.5 million settlement for consumers who sued a loan credit check company following a data breach that potentially exposed the personal and financial information of some 5.8 million people.
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June 05, 2026
Morrison Foerster LLP has expanded its employment and labor group in Los Angeles with the addition of a former McDermott Will & Schulte attorney.
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June 05, 2026
A Texas bankruptcy judge signed off Friday on retailer Saks Global's Chapter 11 plan, allowing the debtor to cut most of its existing debt and borrow $500 million in new money to support an effort to revitalize its business.
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June 05, 2026
A Virginia federal judge granted commercial real estate information company CoStar's request to pause a brokerage's proposed antitrust class action due to pending transfer motions.
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June 05, 2026
A Pennsylvania federal judge ordered briefing on how the U.S. Supreme Court's new decision upholding agency fines without a jury trial affects a $6.6 million tax penalty dispute, signaling potential reconsideration of last year's opinion in the case.
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June 05, 2026
In this week's Taxation With Representation, Berkshire Hathaway Inc. takes Taylor Morrison Home Corp. private, global real estate investment company Kennedy Wilson forms a residential joint venture with Netherlands pension services provider APG, and Wellington Management acquires Hartford Funds from insurer The Hartford.
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June 05, 2026
Among the stories in corporate legal news you may have missed in the past week, investor advocates have questioned the legality of the SEC's plan to withdraw corporate climate disclosure regulations, and an insurance broker's report found claims made under policies for mergers and acquisitions have risen in frequency and severity.
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June 05, 2026
DLA Piper LLP has hired a former ArentFox Schiff LLP government contracts partner who throughout his career has advised on multimillion-dollar deals for corporate, private equity and other clients.
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June 05, 2026
The past week in London has seen the U.K.'s oldest Indian restaurant launch an appeal against King Charles III's property company in an effort to stop its eviction, trustees of a bankrupt former EY tax partner file a claim against his wife, and 37 leading insurers bring a lawsuit against agrichemical company Syngenta over an insurance dispute. Here, Law360 looks at these and other new claims in the U.K.
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June 05, 2026
The Ninth Circuit will hear from a benefits administrator that claims federal law preempts state-law data breach claims, and Amazon will defend its win in a military leave bias suit at the Second Circuit. Here, Law360 looks at cases being argued in June that benefits attorneys should have on their radar.
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June 04, 2026
The dean of UC Berkeley's law school told an audience of lawyers and artists on Thursday that America is experiencing "an unprecedented assault on the Constitution, on the First Amendment, and on freedom of speech," comparing the country under President Donald Trump unfavorably to the McCarthy era.
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June 04, 2026
Tyco Fire Products has agreed to shell out $10 million and continue to address PFAS contamination in Wisconsin under what the state called a "historic" agreement resolving allegations that the company failed to report or remediate harmful chemicals seeping into the groundwater around a firefighting testing site.
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June 04, 2026
A bipartisan pair of House members Thursday released a draft proposal to create a federal framework for AI governance that would require large developers to take steps to address and disclose "catastrophic" risks while prohibiting states from crafting or enforcing laws "targeting the development of AI models" for three years.
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June 04, 2026
The Fifth Circuit on Thursday paused an injunction halting a Texas law that requires app store owners to verify users' ages and block minors from downloading apps or making in-app purchases without parental consent, saying the state will likely succeed in showing the district court erred in blocking the law.