|
TOP NEWS
Ex-Workers Ask 11th Circ. To Overturn ERISA Exhaustion Rule
By Kellie Mejdrich
Former workers for a seafood company urged the full Eleventh Circuit to overturn precedent that led a three-judge panel to uphold dismissal of their suit alleging mismanagement of an employee stock ownership plan, arguing the court's strictest-in-the-nation standard on exhausting administrative remedies didn't align with federal benefits law.
2 documents attached |
Read full article »
| Save to favorites »
Judge Quashes Subpoena Of 5 Firms That Repped Twitter
By Rae Ann Varona
A Delaware federal court ruled Thursday that six former Twitter employees cannot subpoena five law firms that represented the social media company in connection with its acquisition by Elon Musk, rejecting the employees' "conclusory allegations" that the company and Musk used the firms to make false promises of severance benefits.
Opinion attached |
Read full article »
| Save to favorites »
EXECUTIVE COMPENSATION
NC Justices Shouldn't Ax Severance Fight, Ex-CEO Says
By P.J. D'Annunzio
North Carolina's long-arm statute means its business court had jurisdiction to decide a lawsuit filed by the former CEO of a cybersecurity and IT firm over its alleged failure to buy out his equity interest as part of a severance agreement, he has argued to the state's high court in opposition to the company's appeal of a ruling keeping the case in the Tar Heel State.
Brief attached |
Read full article »
| Save to favorites »
LITIGATION
SEC Sued Over Proxy Exclusion Policy Change
By Sarah Jarvis
The U.S. Securities and Exchange Commission violated the Administrative Procedure Act by implementing "a new, de facto rubber-stamp process" for companies to exclude shareholder proposals from their annual proxy ballots, according to a Thursday suit filed by major shareholder groups.
Complaint attached |
Read full article »
| Save to favorites »
EXPERT ANALYSIS
LEGAL INDUSTRY
Roundup
UK Litigation Roundup: Here's What You Missed In London
By Laura Stewart Liberty
The past week in London has seen an ex-professional footballer revive a dispute with Charles Russell Speechlys, Virgin Media face a group data protection claim after hundreds of thousands of customers' personal details were exposed online for months, and Mishcon de Reya sued by a real estate private equity firm founded by a former Morgan Stanley executive.
Read full article »
| Save to favorites »
Roundup
GC Cheat Sheet: The Hottest Corporate News Of The Week
By Michele Gorman
Major shareholder groups sued the U.S. Securities and Exchange Commission, claiming the agency violated the Administrative Procedure Act. In the meantime, some attorneys think the sanctions that judges are issuing to lawyers over AI-generated errors won't be enough to stop the problem. These are some of the stories in corporate legal news you may have missed in the past week.
Read full article »
| Save to favorites »
Law360's Legal Lions Of The Week
By Kevin Penton
Baron & Budd PC, Walden Macht Haran & Williams LLP and Powers Pyles Sutter & Verville PC lead this week's edition of Law360 Legal Lions, after the Ninth Circuit revived a major hospital chain's False Claims Act suit accusing large pharmaceutical companies of massive overcharges in a prominent drug discount program.
Read full article »
| Save to favorites »
Roundup
Balancing The Scales: $3M Jury Verdict, GEO Appeal Denial
By Orlando Lorenzo
A Philadelphia federal judge rejected bids to disturb a $3 million jury award and impose sanctions on plaintiff's counsel arising from proceedings he described as "near-daily Festivus celebrations, where everyone got to air their grievances 'for the sake of the record'" and a Detroit man saw his murder conviction vacated after 27 years due to the case's reliance on a coerced confession and a lack of physical evidence, among other access to justice stories you may have missed.
Read full article »
| Save to favorites »
|
