11th Circ. May Lower Bar For Getting ERISA Claims To Court

By Kellie Mejdrich

Several Eleventh Circuit judges voiced support during en banc arguments Tuesday for overturning precedent backing the appellate court's exhaustion requirement for federal benefits claims, signaling the potential reinstatement of a proposed class action alleging mismanagement of a seafood company's employee stock ownership plan.

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DOL Alternative Investing Pitch Draws Nearly 50K Comments

By Patrick Hoff

A U.S. Department of Labor proposal to expand retirement plans' access to alternative investments, such as private equity and digital assets, garnered over 47,000 comments, with investment industry groups seeking minor changes while Democratic attorneys general, unions and other critics warned that protections for savers could be weakened.

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Virtu Insider Buyback Suit Survives Dismissal Bid

By Jarek Rutz

The Delaware Court of Chancery on Tuesday refused to dismiss a stockholder lawsuit accusing Virtu Financial Inc.'s founder and top executives of using the company's share repurchase program to unfairly enrich insiders at the expense of public investors, finding that the claims were reasonably supported at the pleading stage.

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Texas Crypto Group Ordered To Halt Unregistered Token Sales

By Sydney Price

The Texas State Securities Board announced it has entered an emergency order to halt a purported property group, its principals and an associated Texas resident from offering and selling unregistered and fraudulent tokenized real estate investments, saying the conduct "threatens immediate and irreparable public harm."

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EV Co. Hit With Investor Suit Over Sales And Deliveries

By Sydney Price

Electric vehicle maker Lucid Group Inc. was hit with a proposed investor class action alleging that the company made misleading statements about its production and sales before revealing an issue with a supplier was affecting vehicle deliveries, adding to the list of shareholder litigation it faces over production.

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Turning To The Courts When PBM Reform Falls Short

The effectiveness of state laws intended to regulate pharmacy benefit managers remains uncertain, but litigation — utilizing tried-and-true theories like breach of contract and fair dealing — offers another mechanism through which stakeholders may seek relief from PBMs, say attorneys at Reed Smith.

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2 'Rocket Dockets' And The Rules That Propel Them

The fastest civil trial courts in the country are currently in the Eastern District of Virginia and the Southern District of Florida, and their chief judges provide insights into the court rules that keep them ahead, says Robert Tata at Hunton.

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BigLaw Insider Trading Defendants Have Big-Name Legal Help

By Chris Villani

An insider trading case involving nonpublic information prosecutors say was stolen from some of the largest law firms in the U.S. has ensnared more than two dozen defendants, many of whom have turned to lawyers with notable clients including Donald Trump, Harvey Weinstein and Luigi Mangione.

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Hueston Hennigan Follows Milbank's Lead In Associate Pay

By Tracey Read

The race to match Milbank LLP's attorney pay hikes is officially on, with trial firm Hueston Hennigan the latest to announce it will increase associate pay by $10,000 to $20,000 annually.

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Analysis

The Plaintiffs Atty Now 5-0 At Supreme Court With No Dissents

By Jeff Overley

It's true that Jennifer Bennett is undefeated at the U.S. Supreme Court, but it's also an understatement. Bennett's five wins, including two recent ones, were all unanimous decisions. They showed that the plaintiffs bar can still persuade a conservative supermajority. And they turned the tide after a spree of decisions keeping workers and consumers out of court.

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Goldstein Cites Addiction To Avoid Time, DOJ Seeks 8 Years

By Jared Foretek

Federal prosecutors recommended a 97-month prison sentence for convicted SCOTUSblog founder Thomas Goldstein, telling a Maryland federal court he has bilked the government out of more than $9.5 million in unpaid taxes. Goldstein, meanwhile, asked for a suspended sentence and supervised release, citing a "severe and longstanding gambling addiction."

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Rocade Capital Buys LFG To Create Combined $2B Lit Funder

By Ryan Boysen

Rocade Capital LLC has acquired fellow litigation funder Law Finance Group LLC, creating a combined platform that has deployed more than $2.3 billion and specializes in $10 million to $50 million deals, including post-judgment financing, portfolio deals and lending to plaintiff's firms.

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Court Reporter Shortage A 'Crisis,' Calif. Supreme Court Told

By Bonnie Eslinger

Two legal nonprofits urged the California Supreme Court to issue an order entitling low-income civil litigants to electronic recording if a live court reporter is not available, saying at a hearing Wednesday that a court reporter shortage in the Golden State has created a "crisis."

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9th Circ. Suspends 2 Attys For 6 Months Over AI Hallucinations

By Rae Ann Varona

The Ninth Circuit on Wednesday temporarily suspended two California immigration attorneys from practicing before the appellate court for filing briefs in a deportation relief case containing artificial intelligence-generated hallucinations, finding no excuse for their "extraordinary confession" of not vetting citations used by unlicensed brief writers.

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Tenn. Firm Sanctioned For AI Misuse In Baker Donelson Suit

By Emily Sawicki

A Tennessee federal judge has sanctioned a Memphis, Tennessee, law firm over its misuse of artificial intelligence amid a malpractice suit against Baker Donelson Bearman Caldwell & Berkowitz PC, ordering the regional firm to reimburse costs associated with the matter and report the misconduct to the state's disciplinary counsel.

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Feature

'Read The Cases': Conn. Judge Offers AI Advice To Attys

By Brian Steele

A Connecticut federal judge told a gathering of attorneys Tuesday that his law clerks are not allowed to use generative artificial intelligence for any purpose involving legal research, his interns are barred from using it at all, and lawyers must be careful when relying on the material that the tools produce.

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Atty Can't Shake $120M Verdict In RICO, Defamation Dispute

By Carolina Bolado

An Alabama federal judge refused to disturb a $120 million verdict against a former Conrad & Scherer LLP managing partner, ruling there was enough evidence at trial for a jury to find the attorney liable on Drummond Co.'s racketeering and defamation claims.

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Graham Pushes Federal Tort Path After DOJ Drops $1.8B Fund

By Courtney Bublé

The U.S. Department of Justice seemed, at least briefly, to support a Republican senator's alternative solution to the "anti-weaponization" $1.8 billion fund that acting Attorney General Todd Blanche said Tuesday the department is abandoning.

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DOJ Sets New Healthcare Fraud Convictions Record

By Phillip Bantz

The U.S. Department of Justice on Wednesday announced that its Health Care Fraud Unit secured six jury trial convictions across the country in less than three weeks, with the cases involving more than $1.1 billion in fraud losses.

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Titan Of The Plaintiffs Bar: Dardarian Ho's Linda Dardarian

By Lynn LaRowe

Despite being on the other side of a disability rights case that will cost his municipality at least $150 million, Kevin McLaughlin, city attorney for Oakland, California, believes that if more lawyers were like Linda Dardarian, there would be far less lamenting about civility in the legal profession.

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