A California federal judge on Wednesday refused to greenlight a $1.8 million deal that would wrap up a proposed class action alleging a plumbing company's retirement plan was loaded with costly investment options and excessive management fees, ruling that the plan participants' bid for approval was lacking critical details.
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TOP NEWS

Judge Seeks More Info On Plumbing Co.'s 401(k) Suit Deal

By Patrick Hoff

A California federal judge on Wednesday refused to greenlight a $1.8 million deal that would wrap up a proposed class action alleging a plumbing company's retirement plan was loaded with costly investment options and excessive management fees, ruling that the plan participants' bid for approval was lacking critical details.

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DOJ Pulls ISS Letter, Signals Possible Antitrust Enforcement

By Sarah Jarvis

The Justice Department's Antitrust Division signaled Wednesday that it may take enforcement action against Institutional Shareholder Services, withdrawing a 1987 letter stating the division would not do so and flagging "significant competition concerns" about the concentration of proxy advisory market power.

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UPS Driver Says Late Sick Pay Can't Sink Colo. Suit

By Benjamin Morse

A UPS driver urged a Colorado federal judge to reject the company's early win bid in a proposed class action, arguing late payments cannot erase paid-sick-leave violations.

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LITIGATION

JBS To Pay $31M In Pilgrim's Pride Investors' Control Suit

By Sydney Price

Brazil-based meat giant JBS SA agreed to pay $31 million to shareholders of its subsidiary Pilgrim's Pride Corp. to settle a suit accusing JBS, its affiliates and its Pilgrim's board appointees of unfairly increasing JBS' clout and access to dividends and tax benefits at the expense of minority shareholders of Pilgrim's.

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Brief

High Court To Hear Intel 401(k) Suit Arguments In October

By Patrick Hoff

The U.S. Supreme Court has set an October date for oral arguments in an appeal from Intel workers who argued the Ninth Circuit imposed too strict a standard when it upheld the dismissal of their lawsuit alleging their retirement savings were dragged down by underperforming investment options.

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LEGAL INDUSTRY

How Does In-House Pay Compare? Take The Law360 Survey

How do in-house salaries vary across industries, roles, and organizational revenue? What compensation tools are companies using to lure top talent? Help Law360 Pulse answer these questions and more in this year's In-House Compensation Survey.

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No Simpson Thacher Malpractice In PIPE Case, Jury Finds

By Madison Arnold

Simpson Thacher & Bartlett LLP escaped a malpractice lawsuit late Thursday over its representation of Patriot National Inc. in a private investment in public equity transaction in the years before the company's downfall.

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Dems Slam Skadden's 'Nothing To See Here' Trump Deal Reply

By Hailey Konnath

Three Democratic lawmakers on Thursday criticized Skadden Arps Slate Meagher & Flom LLP's response to their request that the firm disclose details of its pro bono arrangement with the Trump administration, saying the firm's "three sentence letter essentially saying 'nothing to see here'" is "not going to cut it."

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New ABA Chief Seeks To 'Streamline' Org., Defend Democracy

By Emily Sawicki

The American Bar Association's new president, Barbara J. Howard, will focus on twin goals of defending democracy against expected unprecedented attacks associated with this year's midterm elections, while also reorganizing the association to run more efficiently, as she kicks off her one-year term this month.

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Richards Layton Under Fire Amid Bid To Avoid AI Sanctions

By Rose Krebs

A firm has asked a Delaware vice chancellor to allow it to submit more "factual information" regarding what it says are inconsistencies in Richards Layton & Finger PA's attempt to avoid sanctions for submitting a filing with errors generated by artificial intelligence.

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Analysis

The Dramatic Moments Set To Shape Tom Goldstein's Appeal

By Jeff Overley and Jared Foretek

Prurient revelations, brash recriminations and purportedly glaring judicial errors in Tom Goldstein's criminal case have captivated the appellate bar for nearly 19 months, and many of those moments will be center stage in the star attorney's imminent appeal.

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2nd Circ. Says Pillsbury Must Surrender $3.6M Retainer

By Jessica Corso

Pillsbury Winthrop Shaw Pittman LLP was ordered on Thursday to hand over a $3.6 million retainer it was paid to defend a client against criminal and civil fraud charges, with the Second Circuit upholding a ruling that the funds were part of an asset freeze order issued in a U.S. Securities and Exchange Commission case.

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Ex-GC Hijacked Accounts And Posted Klan Imagery, Suit Says

By Ben Adlin

A Washington state court granted a temporary restraining order Wednesday in a school fundraising company's lawsuit accusing its former general counsel of taking control of its social media accounts and allegedly replacing its LinkedIn photo with a manipulated image of its president in a Ku Klux Klan robe.

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Ex-Girardi Atty Gets Probation For Keeping Silent On Theft

By Lauraann Wood

A former Girardi Keese attorney was sentenced to one day time-served and two years of probation Thursday for staying quiet and failing to report disgraced plaintiff's attorney Tom Girardi's theft of millions of settlement dollars owed to Lion Air Flight 620 plane crash victims.

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Wash. Justices Offer Bar Waiver After July Exam Tech Failure

By Rachel Riley

The Washington State Supreme Court said Thursday it's offering to waive the bar exam requirement for first-time applicants who were unable to take the test last week due to an abrupt cancellation driven by technical issues at the Yakima Convention Center where it was scheduled to be administered.   

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Justices' FTC Ruling Weakens Qui Tam's Constitutional Base

The U.S. Supreme Court’s holding in Trump v. Slaughter, expanding presidential control over those exercising executive power, suggests that courts may be receptive to arguments challenging the constitutional foundations of the False Claims Act’s qui tam mechanism, says Daniel Passeser at Wiggin.

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LAW FIRMS IN TODAY'S NEWS

Anderson Kill

Ashurst Perkins

Bernstein Litowitz

Burns Charest

Cairncross & Hempelmann

Conrad & Scherer

Crowell & Moring

Davis Graham

Friedman Oster

Girardi & Keese

HSF Kramer

Hughes Hubbard

Jenner & Block

Labaton Keller

Lowrey Parady

McGuireWoods

Morrison Cohen

Paul Hastings

Pillsbury Winthrop

Richards Layton

Seila Law

Sharman Law Firm

Simpson Thacher & Bartlett

Skadden Arps

Stearns Weaver

Susman Godfrey

Tower Legal Group

Wade Kilpela

Werksman Jackson

White & Case

Wiggin & Dana

Williams & Connolly

WilmerHale

COMPANIES IN TODAY'S NEWS

American Bar Association

Executive Health Resources Inc.

Ferguson Enterprises Inc.

Glass Lewis & Co. LLC

Google LLC

Hard Yaka Inc.

Institutional Shareholder Services Inc.

Intel Corp.

JBS USA Holdings Inc.

LinkedIn Corp.

Patriot National Inc.

Pilgrim's Pride Corp.

Public Co. Accounting Oversight Board

The Boeing Co.

The UPS Store

United Parcel Service Inc.

Vimeo Inc.

Washington State Bar Association

Yelp Inc.

YouTube Inc.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Colorado Department of Labor and Employment

Consumer Financial Protection Bureau

Delaware Court of Chancery

Federal Trade Commission

U.S. Attorney's Office for the Northern District of Illinois

U.S. Court of Appeals for the Eleventh Circuit

U.S. Court of Appeals for the Fifth Circuit

U.S. Court of Appeals for the Ninth Circuit

U.S. Court of Appeals for the Second Circuit

U.S. Court of Appeals for the Sixth Circuit

U.S. Court of Appeals for the Tenth Circuit

U.S. Department of Commerce

U.S. Department of Justice

U.S. Department of Labor

U.S. District Court for the District of Maryland

U.S. District Court for the Middle District of Florida

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

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

U.S. Securities and Exchange Commission

U.S. Supreme Court

United States District Court for the District of Colorado