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.

Complaint attached | Read full article » | Save to favorites »

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. 

Complaint attached | Read full article » | Save to favorites »

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

At 4th Circ., DOJ Admits But Downplays Goldstein Trial Errors

By Jeff Overley

The U.S. Department of Justice late Tuesday acknowledged that it confused key statutory terms related to jury instructions at famed appellate advocate Tom Goldstein's criminal trial, while also insisting "the government's mistake here was understandable" and shouldn't upend a jury's guilty verdict.

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Brief

Fenwick & West To Match $235K Salary Scale For Associates

By Tracey Read

Fenwick & West LLP is reportedly the latest firm that will raise associate pay in the new year.

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Ex-Fla. Bar Prez Accused Of Botching $350M Estate Claim

By Carolina Bolado

The widow of a Miami real estate investor is suing a former president of the Florida Bar for malpractice, claiming his botched representation left her without a claim to her late husband's $350 million estate.

Complaint attached | Read full article » | Save to favorites »

Analysis

3 Federal Circuit Clashes To Watch In November

By Ryan Davis

A high-stakes case that will determine whether the U.S. government should face patent infringement claims over Moderna's COVID-19 vaccines and Labcorp's appeal of a nine-figure patent verdict against it are among the arguments the Federal Circuit will hear in November.

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4th Circ. Says W.Va. Daniel's Law Is Unconstitutional

By Rose Krebs

The Fourth Circuit on Tuesday affirmed a district court determination striking down as unconstitutional West Virginia's law restricting the publication of the home addresses and phone numbers of law enforcement and judicial officials, saying the district court applied "well-established" First Amendment principles.

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LAW FIRMS IN TODAY'S NEWS

Ballard Spahr

Beasley Allen

Block & Leviton

Bryan Cave Leighton Paisner

Bursor & Fisher

Carella Byrne

Cooley LLP

Eric Buchanan & Associates

Fenwick & West

Flaherty Sensabaugh

Groom Law Group

Kaskela Law

Labaton Keller

Latham & Watkins

Lewis Brisbois

McElroy Deutsch

Milbank LLP

Milberg PLLC

Nace Law Group

Nelson Mullins

Robinson Bradshaw

Sanchez-Medina Gonzalez

Shuman McCuskey

Sinclair Law Firm

Spilman Thomas

WilmerHale

COMPANIES IN TODAY'S NEWS

Above the Law

Advocate Health

Arbutus Biopharma Corp.

Atrium Health

DoorDash Inc.

Gelman, Rosenberg & Freedman

Labcorp Holdings Inc.

LexisNexis Legal & Professional

LexisNexis Risk Solutions Inc.

M&T Bank Corp.

Medytox Inc.

Meta Platforms Inc.

Moderna Inc.

Paypal Holdings Inc.

RELX PLC

T. Rowe Price Group Inc.

The Florida Bar

The Northwestern Mutual Life Insurance Co.

Thomson Reuters Corp.

Thryv Inc.

Ultimate Fighting Championship Ltd.

Venmo LLC

Whitepages Consumer Inc.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Delaware Court of Chancery

Internal Revenue Service

International Trade Commission

U.S. Court of Appeals for the Fourth Circuit

U.S. Department of Justice

U.S. District Court for the District of Maryland

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

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

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

U.S. Securities and Exchange Commission

U.S. Supreme Court