Union pension funds and other Meta stockholders have brought a proposed class action in Delaware Chancery Court against Mark Zuckerberg and the company's directors, including UFC President and CEO Dana White, seeking to halt a plan they say would let Zuckerberg sell billions of dollars in shares while cementing his voting control.
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TOP NEWS

Meta Investors Say No-Vote Stock Plan Benefits Zuckerberg

By Jarek Rutz

Union pension funds and other Meta stockholders have brought a proposed class action in Delaware Chancery Court against Mark Zuckerberg and the company's directors, including UFC President and CEO Dana White, seeking to halt a plan they say would let Zuckerberg sell billions of dollars in shares while cementing his voting control.

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Atty, Northwestern Mutual Settle Disability Benefits Suit

By Patrick Hoff

A real estate attorney agreed to drop his lawsuit alleging that Northwestern Mutual denied him disability benefits after his anxiety, depression and other mental health conditions rendered him unable to work, according to filings in New York federal court. 

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Ex-Worker Sues M&T Bank Over 401(k) Fund In New Jersey

By Kellie Mejdrich

An ex-worker hit M&T Bank with a proposed class action in New Jersey federal court, alleging that an underperforming investment fund in the bank's employee 401(k) plan cost workers tens of millions in future savings, breaching fiduciary duties under federal benefits law. 

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NC Health Plan, Atrium Settle Spat Over Cost-Sharing Program

By Hayley Fowler

The North Carolina state health plan said on Tuesday that it will add Atrium Health to its list of in-network providers next year after a public showdown over the nonprofit health system's exclusion from the plan's new preferred provider program.

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Deal In NFL 'Race-Norming' Benefits Suit Gets Final OK

By Grace Elletson

A Maryland federal judge gave the final green light Tuesday on a settlement that says an NFL disability benefits plan will reassess former players' cognitive health to resolve claims that it discriminated against nonwhite players by adjusting them to a lower cognitive baseline.

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LEGAL INDUSTRY

Judge Hellerstein, Gruff Moderator Of Major Cases, Dies At 92

By Pete Brush

Judge Alvin K. Hellerstein, a former litigator and sometimes impatient Manhattan federal jurist who presided over decades of high-profile cases that often came under close appellate scrutiny, died Wednesday at the age of 92.

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Texan Claims Austin Firm Hasn't Alerted Him To Data Breach

By Andrea Keckley

Linebarger Goggan Blair & Sampson LLP, an Austin, Texas-based law firm focused on collecting debts and taxes for public-sector clients, failed to protect its clients' personal information from a data breach, the plaintiff in a proposed class action claimed in Texas federal court Tuesday.

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BakerHostetler Malpractice Case To Expand With RICO Claim

By Emily Johnson

A Georgia federal judge has allowed a trustee who has accused BakerHostetler and an Atlanta-based attorney of legal malpractice to file an amended complaint after the trustee asked to add claims of Georgia RICO Act violations.

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Weil To Wind Down As Top Attorneys Abandon Firm

By Daniel Moritz-Rabson, Alex Wittenberg and Aebra Coe

Weil Gotshal & Manges LLP, the restructuring powerhouse that led Lehman Brothers, Enron and General Motors through bankruptcy, told Law360 Pulse Wednesday that the firm is preparing to wind down operations.

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NJ Atty Mishandled Property Damage Dispute, Court Told

By Hope Patti

A man told a New Jersey federal court that he was forced to pay excessive and avoidable fees to an attorney hired to represent him in a property damage dispute after the attorney mishandled the case by failing to advise him to tender the claim to his homeowners insurer.

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BigLaw Tip Middleman To Admit Role In $3.5M Trading Scheme

By Chris Villani

An alleged middleman in a sweeping scheme to trade off of deal information stolen from major law firms has agreed to plead guilty and potentially faces a prison term of nearly a decade, according to a plea agreement filed Wednesday in Massachusetts federal court.

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Mich. Judge Weighs Toshiba Legal Bills Discovery Fight

By Melanie Dorsey

A Michigan federal judge on Wednesday questioned whether she needs to review specific objections to DTE Electric Co. and Consumers Energy Co.'s multimillion-dollar attorney fee request before deciding whether Toshiba Corp. must disclose its own legal bills and litigation expenses following a nearly $394.4 million jury verdict over a botched power plant overhaul.

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LAW FIRMS IN TODAY'S NEWS

Alston & Bird

Baker & Hostetler

Beasley Allen

Block & Leviton

Bush Seyferth

Carella Byrne

Cravath Swaine

Eric Buchanan & Associates

Foley & Lardner

Goodwin Procter

Groom Law Group

Handley Farah

Jenner & Block

Kaskela Law

Labaton Keller

Latham & Watkins

Linebarger Goggan

Linley Jones Firm

McElroy Deutsch

Milberg PLLC

Nace Law Group

Nelson Mullins

Paul Weiss

Robinson Bradshaw

Sidley Austin

Sinclair Law Firm

Sirianni Youtz

Strauss Borrelli

Stroock & Stroock

Sullivan & Cromwell

Weil Gotshal

White & Case

Willkie Farr

WilmerHale

COMPANIES IN TODAY'S NEWS

Advocate Health

American International Group Inc.

Atrium Health

BNP Paribas SA

Citrix Systems Inc.

DoorDash Inc.

Enstar Group Ltd.

First Brands Group

Johnson & Johnson

Lehman Brothers Holdings Inc.

M&T Bank Corp.

Meta Platforms Inc.

Platinum Partners LP

Poshmark Inc.

Steward Health Care System LLC

T. Rowe Price Group Inc.

The Northwestern Mutual Life Insurance Co.

Thoma Bravo LLC

Toshiba Corp.

Ultimate Fighting Championship Ltd.

iRobot Corporation

GOVERNMENT AGENCIES IN TODAY'S NEWS

Delaware Court of Chancery

Michigan Supreme Court

U.S. Army

U.S. Attorney's Office for the District of Massachusetts

U.S. District Court for the District of Maryland

U.S. District Court for the District of Massachusetts

U.S. District Court for the District of New Jersey

U.S. District Court for the Eastern District of Michigan

U.S. District Court for the Eastern District of New York

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 Southern District of New York

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

U.S. Securities and Exchange Commission