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TOP NEWS
LITIGATION
Cummins Beats Emissions Derivative Suits, For Now
By Linda Chiem
An Indiana federal judge on Wednesday dismissed consolidated shareholder derivative litigation alleging engine manufacturer Cummins Inc.'s top executives breached their fiduciary duties by overseeing a scheme to rig vehicles with emissions-cheating software, prompting $2 billion in penalties to settle regulators' claims concerning Clean Air Act violations.
Order attached |
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WWE Shareholders Win Sanctions Over Lost Signal Messages
By Jarek Rutz
World Wrestling Entertainment Inc. investors won sanctions in the Delaware Chancery Court after a judge found former CEO Vince McMahon and other senior executives recklessly allowed encrypted and ephemeral Signal messages and other evidence tied to WWE's $21.4 billion merger with Ultimate Fighting Championship to disappear during litigation over the deal.
Opinion attached |
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LEGAL INDUSTRY
Perkins Coie Docs At Issue In Omani Co.'s Malpractice Case
By Sarah Jarvis
An Oman-based screw and nail manufacturer has urged a Washington state judge to force Perkins Coie LLP to hand over a trove of documents related to the firm's past work representing the Middle Eastern company in a U.S. Department of Commerce probe, saying more information is needed to assess the law firm's defenses against claims its mistakes cost the company hundreds of millions of dollars.
Motion attached |
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