11th Circ. Tosses Satellite Co.'s $829K Finder's Fee Suit

By Catherine Marfin

The Eleventh Circuit said Wednesday that a $829,000 award in favor of a satellite technology company should be tossed, writing that a Florida federal court didn't have jurisdiction over the case.

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Trump Says 50% Copper Tariff Will Begin Aug. 1

By Natalie Olivo

President Donald Trump said his new 50% tariff on copper imports will take effect Aug. 1, citing national security concerns.

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Ex-Army Officer Admits Sharing Classified Info On Dating Site

By Rae Ann Varona

A retired U.S. Army officer pled guilty Thursday to a conspiracy charge for divulging classified information on a foreign dating website to someone who claimed to be a woman in Ukraine and who once called him her "secret informant love."

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Deals Rumor Mill

SpaceX Seeks Record $400B Valuation, Plus More Rumors

By Tom Zanki

Elon Musk's satellite and rocket maker SpaceX is planning to raise money in a private round that would value the company at a record $400 billion, Starbucks China is seeking bids for a stake sale that could value the chain at $10 billion, plus online fashion giant Shein hopes to salvage its long-awaited IPO by listing in Hong Kong.

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Navigation Co. Says Study 'Validates' GPS Backup Plan

By Tom Lotshaw

Geolocation company NextNav Inc. told the Federal Communications Commission in a letter Wednesday that detractors of its proposal to use the lower 900 MHz spectrum to deploy an Earth-based backstop for the Global Positioning System have raised unfounded concerns and mischaracterized an engineering study supporting its proposal.

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Russian Banker Inks Sanctions DPA After FBI Botches Warrant

By Stewart Bishop

The founder of Bank Otkritie on Thursday secured a deferred prosecution agreement with Manhattan federal prosecutors to resolve allegations of assisting the head of Russian state-backed lender VTB Bank in evading U.S. sanctions, just a month after a swath of email evidence was thrown out over a botched FBI search warrant.

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Execs Of Device Co. Made $6M From Insider Trading, Suit Says

By Zach Dupont

Five executives for electrotherapy device maker Zynex Inc. were hit with a derivative suit Wednesday in Colorado federal court saying they inflated the company's stock price to cash out on shares valued at more than $6 million.

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GAO Says Co.'s Tech Trouble Can't Excuse Late Navy Deal Bid

By Tom Lotshaw

The U.S. Government Accountability Office said the Navy reasonably rejected a Virginia company's proposal to provide support services for coming in after the deadline, despite assertions that a malfunctioning submission platform was to blame.

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New FCPA Guidance Creates 5 Compliance Imperatives

In light of new Foreign Corrupt Practices Act guidelines that mark a fundamental shift in enforcement priorities, companies should consider several specific steps to ensure compliance, from enhanced due diligence to robust whistleblower protections, says Andrew Wirmani at Reese Marketos.

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Series

Playing The Violin Makes Me A Better Lawyer

Playing violin in a string quartet reminds me that flexibility, ambition, strong listening skills, thoughtful leadership and intentional collaboration are all keys to a successful legal practice, says Julie Park at MoFo.

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VC Giant Andreessen Rips Del. Courts, Plans Move To Nev.

By Rae Ann Varona

Venture capital giant Andreessen Horowitz on Wednesday announced plans to reincorporate in Nevada, saying that it was no longer a "no-brainer" to launch a company and incorporate in the historically corporate-friendly state of Delaware.

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Dems Say 3rd Circ. Nominee Urged DOJ To Ignore Courts

By Courtney Bublé

Senate Democrats on the Judiciary Committee on Thursday unveiled 150 pages of documents, which they say substantiate whistleblower allegations against Third Circuit nominee Emil Bove and raise concerns about his conduct during his tenure at the U.S. Department of Justice.

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Another Atty Sanctioned For Allegedly Hallucinated Case Law

By Andrea Keckley

A Florida judge on Wednesday issued a blistering order against an attorney who became the latest of many to face sanctions over filings with case law suspected of being hallucinated by generative artificial intelligence, ordering him to take AI ethics courses and repay opposing counsel's fees.

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'Admonition' But No More Amazon Penalty For Hidden Docs

By Bryan Koenig

A federal judge in Washington state took Amazon.com to task Thursday for "bad faith" material review that labeled tens of thousands of documents as covered by attorney-client privilege despite involving no legal advice, but the judge, who is presiding over the Federal Trade Commission's Prime subscriptions case against the company, opted against further punishment.

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Trump Taps Holland & Hart Partner For Montana Bench

By Lauren Berg

President Donald Trump announced on social media Thursday he has chosen a Holland & Hart LLP partner and veteran government attorney to serve on the federal bench in Montana.

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Senate Tees Up 6th Circ. Nom Vote As 1st Of 2nd Trump Term

By Courtney Bublé

The first judicial confirmation of the second Trump administration was readied on Thursday, with the U.S. Senate voting 51-43 to end debate on the nomination of Whitney Hermandorfer to the Sixth Circuit.

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Judge Blocks Trump's Birthright Citizenship Order Nationwide

By Britain Eakin

A New Hampshire federal judge on Thursday issued a nationwide block of President Donald Trump's executive order limiting birthright citizenship, and granted certification to a nationwide class that will cover all affected children born in the U.S.

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Analysis

5 Employee Benefits Takeaways On The GOP Tax Bill

By Kellie Mejdrich

Congressional Republicans' sweeping tax and policy bill, which President Donald Trump sought and then signed, contains multiple provisions that caught the attention of employee benefits and executive compensation attorneys, including new changes to high-deductible health plans and an employer-side deduction limit affecting highly compensated employees. Here are five takeaways from employee benefits and executive compensation attorneys on what's in — and out of — the GOP megabill.

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