NCR Corp. will pay nearly $48 million to resolve a class action from former executives who alleged the software company broke its promise to send them annuity payments for life, the workers told a Georgia federal court.
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TOP NEWS

NCR To Pay $48M To End Former Execs' Lifetime Benefits Suit

By Patrick Hoff

NCR Corp. will pay nearly $48 million to resolve a class action from former executives who alleged the software company broke its promise to send them annuity payments for life, the workers told a Georgia federal court.

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Investment Co. Settles Carpenters' $250M Pension Loss Suit

By Grace Elletson

Callan LLC has reached a deal in a class action from a group of union carpenters who claimed the investment consulting firm and their pension funds' trustees lost them $250 million in assets by investing in Allianz index funds, according to a Washington federal court filing.

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Brief

Moda Health Settles Wilderness Therapy Coverage Suit

By Patrick Hoff

Health insurance provider Moda Health has agreed to settle a lawsuit alleging it unlawfully denied a family's claims for their daughter's stays at two wilderness therapy programs and left them with thousands of dollars in medical bills, according to a filing in Oregon federal court.

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Brief

United Airlines' $27.5M ERISA Suit Deal Gets Initial OK

By Patrick Hoff

United Airlines on Thursday secured initial approval from an Illinois federal court for a $27.5 million settlement agreement that would resolve claims that it locked retired employees out of a generous COVID-19-era benefits package.

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LITIGATION

Cushman & Wakefield Wants Discovery Stay For 401(k) Suit

By Isaac Monterose

Commercial real estate services company Cushman & Wakefield told a Washington federal court Thursday that a proposed 401(k) class action's discovery deadlines need to be paused because of the company's pending dismissal and venue transfer motions.

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Pension Fund Seeks To Enforce $16.2M BAE Systems Bill

By Ganesh Setty

The Machinists union's pension fund asked a D.C. federal court to approve an arbitrator's rejection of BAE Systems Inc.'s claims that the fund improperly calculated its roughly $16.2 million withdrawal liability.

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EXPERT ANALYSIS

How Del. Courts Will Likely Evaluate AI Oversight Claims

While no Delaware court has thus far adjudicated a claim based on alleged board failures to oversee artificial intelligence risk, recent Court of Chancery decisions suggest that familiar Caremark principles will be applied in predictable but consequential ways, particularly when AI touches mission‑critical operations, say attorneys at WilmerHale.

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Series

Playing Basketball Makes Me A Better Lawyer

My grandfather used to say "I wear your jersey" as shorthand for wholly committing to support someone with loyalty and integrity — ideals that have shaped my life on the basketball court and in legal practice, says Tracy Schimelfenig at Schimelfenig Legal.

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LEGAL INDUSTRY

Analysis

Insider Trading Case Shows BigLaw Associate Vetting Gaps

By Chris Villani

A BigLaw attorney who was able to move through three major firms while allegedly orchestrating a massive insider trading scheme may have been aided by relatively loose hiring practices for associates that firms may consider strengthening moving forward, recruiting experts told Law360.

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DOJ Asserts Broad Power In BigLaw Executive Order Appeal

By Jared Foretek

A Trump administration attorney told the D.C. Circuit on Thursday that the courts have no authority to review the president's decision to revoke someone's security clearance for any reason, including race, religion, or even refusal to pay a $1 million bribe.

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Trump's 8th Circ. Pick Clears Senate Panel Vote

By Courtney Bublé

President Donald Trump's nominee for the Eighth Circuit, who represented the president in the cases brought by writer E. Jean Carroll, advanced to the full Senate on Thursday.

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Thomas Urges Defense Of Constitution At Judicial Conference

By Carolina Bolado

U.S. Supreme Court Justice Clarence Thomas urged attendees at the Eleventh Circuit Judicial Conference on Thursday to "stand up" for the U.S. Constitution and to see the positives in the country, despite its flaws, on its 250th birthday.

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Fenwick Hit With FTX Suit In DC Over $525M Losses

By Emily Lever

A group of former FTX customers has sued Fenwick & West LLP in federal court in Washington over its work representing FTX from 2018 to 2022, seeking to recover more than $525 million for losses stemming from the cryptocurrency exchange's collapse.

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NYC Bar Endorses Random Audits For Law Firm Accounts

By Emily Sawicki

The New York City Bar Association's Professional Discipline Committee on Thursday threw its support behind a statewide bill to institute a random audit program for law firm financial accounts.

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Ogletree Fights Atty's Discovery Bid For DQ Push In Bias Suit

By Lynn LaRowe

A Georgia federal court should deny a bid for discovery aimed at disqualifying Ogletree Deakins Nash Smoak & Stewart PC from defending a security company against discrimination claims because the request stems from the plaintiff's lawyer's "personal grievances," the company said Thursday.

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Lover's Ex-Wife Fights Sinema's Request For Therapy Notes

By Abigail Harrison

A bid by former U.S. Sen. Kyrsten Sinema of Arizona to unearth notes and communications from a therapist working with her lover's ex-wife should be summarily denied, as the ex-wife, Heather Ammel, told a North Carolina federal court Thursday that the request is a clear overreach.

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8th Circ. Backs Dismissal Of Horse Breeder's Malpractice Suit

By Tom Lotshaw

The Eighth Circuit said a federal judge was right to dismiss a malpractice suit a Minnesota horse breeder brought against Porter Wright Morris & Arthur LLP and one of its former attorneys for mishandling malpractice cases against three other firms.

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LAW FIRMS IN TODAY'S NEWS

Bondurant Mixson

Bradford Andresen

Byrnes Keller

Clement & Murphy

Cohen Milstein

Cooley LLP

DLA Piper

Dorsey & Whitney

Engstrom Lee

Fenwick & West

Foley & Mansfield

Goodwin Procter

Gordon Rees

Groom Law Group

Hogan Lovells

Jenner & Block

Kirkland & Ellis

Korein Tillery

Koskoff Koskoff

Latham & Watkins

Lehman Lee

Lowell & Associates

McDermott Will & Schulte

Munger Tolles

Ogletree Deakins

Paul Weiss

Perkins Coie

Porter Wright

Poyner Spruill

Proskauer Rose

Robbins Alloy

Sidley Austin

Skiermont Derby

Susman Godfrey

Taft Stettinius

Van Camp Meacham

Wachtell Lipton

Watkins Calcara

Weil Gotshal

Williams & Connolly

Willkie Farr

WilmerHale

COMPANIES IN TODAY'S NEWS

ADT Inc.

AT&T Inc.

Allianz Global Investors GmbH

B. Riley Financial Inc.

BAE Systems PLC

Beacon Hill Staffing Group LLC

Cushman & Wakefield Inc.

IAM National Pension Fund

Johnson & Johnson

Microsoft Corp.

Momenta Pharmaceuticals Inc.

NCR Atleos Corp.

NCR Corp.

NCR Voyix Corp.

New York City Bar Association

Otis Worldwide Corp.

United Airlines Holdings Inc.

Watanabe Schwartz

eXp World Holdings Inc.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Delaware Court of Chancery

Equal Employment Opportunity Commission

Executive Office of the President

Federal Bureau of Investigation

Food and Drug Administration

Georgia Department of Labor

U.S. Court of Appeals for the District of Columbia Circuit

U.S. Court of Appeals for the Eighth Circuit

U.S. Court of Appeals for the Second Circuit

U.S. Department of Justice

U.S. District Court for the District of Columbia

U.S. District Court for the District of Massachusetts

U.S. District Court for the District of Oregon

U.S. District Court for the Northern District of Georgia

U.S. District Court for the Northern District of Illinois

U.S. District Court for the Northern District of Texas

U.S. District Court for the Western District of Washington

U.S. Senate

U.S. Supreme Court

United States District Court for the Southern District of Georgia