The Pension Benefit Guaranty Corp. urged the Seventh Circuit to reject a Teamsters pension plan's bid to reinstate a $23 million withdrawal liability bill against a concrete company, asking the court to endorse a methodology giving companies full credit for partial plan withdrawals if they later make a complete exit.
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TOP NEWS

PBGC Backs 'Full Value' Pension Exit Credits At 7th Circ.

By Grace Elletson

The Pension Benefit Guaranty Corp. urged the Seventh Circuit to reject a Teamsters pension plan's bid to reinstate a $23 million withdrawal liability bill against a concrete company, asking the court to endorse a methodology giving companies full credit for partial plan withdrawals if they later make a complete exit.

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WWE Merger Case In Chancery Settles On The Eve Of Trial

By Jarek Rutz

The Delaware Chancery Court trial over World Wrestling Entertainment Inc.'s $21.4 billion merger with Ultimate Fighting Championship's parent company has been canceled after the parties reached an agreement in principle to settle the case, according to a minute order from Vice Chancellor J. Travis Laster.

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Class Attys Want $11.6M In Fees From $35M Teva Inhaler Deal

By Bryan Koenig

Berman Tabacco, Sperling Kenny Nachwalter LLC, Hilliard Shadowen LLP and five other firms have asked a Massachusetts federal judge for $11.55 million in attorney fees from a $35 million antitrust settlement resolving claims that Teva abused patent protections to delay generic competition for its QVAR asthma inhalers.

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LITIGATION

Okla. Firm Urges Dismissal Of EDNY Misclassification Suit

By Andrea Keckley

Oklahoma-based Arnold & Smith Law PLLC on Friday asked a New York federal judge to dismiss a New York attorney's lawsuit accusing the firm of misclassifying employees as contractors to avoid paying benefits, saying there is no reason to believe any of the alleged misconduct happened in New York.

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Life Insurer Seeks Input On Murdered Woman's Benefit Payout

By Hope Patti

An insurer asked a North Carolina federal court to determine the rightful beneficiary of a murdered woman's remaining $100,000 in life and accidental death benefits, saying it is exposed to competing claims by the woman's children, one of whom is awaiting trial for murder.

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BANKRUPTCY

Window Co. Hits Ch. 11 With $10M Debt, $875K Union Claim

By Matthew Santoni

Pennsylvania window company Graboyes LLC has filed a Chapter 11 petition citing more than $10 million in liabilities, including $2.1 million in disputed loans and an $876,000 "note payable" to the International Union of Painters and Allied Trades District Council 21.

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LEGAL INDUSTRY

Trial Boutiques Roll Out Associate Pay Raises

By Andrea Keckley

Three trial boutiques are planning to bump associate salaries by at least $10,000 next month, the firms confirmed to Law360 Pulse Tuesday.

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Interview

Burford Sees Growing Market For Stakes In Elite Firms

By Marialuisa Taddia

Burford Capital plans to step up minority equity investments in elite law firms in the U.K. and U.S. that already use its litigation finance, as investor appetite for law firm equity increases, the firm's new London-based chief operating officer told Law360.

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Fox Rothschild Sued Over Data Breach Tied To Ransom Group

By Allison Grande

Fox Rothschild LLP was hit with a proposed class action in Pennsylvania federal court Tuesday accusing the national law firm of failing to adequately protect the "highly sensitive and confidential" personal data entrusted to it from being exposed to a prominent ransomware group in a data breach last month. 

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All Attys In Miss. Suit DQd For Back-To-Back-To-Back AI Flubs

By Emily Sawicki

A Mississippi federal judge who found herself in the "unusual scenario" of reviewing briefs with artificial intelligence-created errors filed by both parties in a lawyer's fee dispute against a Magnolia State municipality has terminated all four attorneys from the case.

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Q&A

Next ABA International Ethics Chair Looks To Year Ahead

By Emily Sawicki

Rob Misey, incoming chair of the American Bar Association's International Ethics Committee, brings a passion for international dialogue to his new role, set to begin in September. Misey discussed his goals of initiating ethics conversations throughout the ABA and with counterparts overseas.

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Analysis

Fed. Circ. 'Recalibrates' Analysis For Constitutional Standing

By Dani Kass

The Federal Circuit eased the line between constitutional and statutory standing last month when reviving A.L.M. Holding Co.'s infringement suit against Zydex Industries Private Ltd., in a decision attorneys say makes standing more accessible and clarifies how patent licensors can maintain their rights.

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5 Firms Barred From Handling NFL Parkinson's Claims

By P.J. D'Annunzio

Five law firms have been disqualified from representing claimants seeking NFL concussion settlement funds for running a scheme that "laundered" questionable Parkinson's disease claims through the system to obtain $95 million, including $20 million in fees, a special masters' report issued Monday says.

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Pa. Law Firm Calls Uber and FedEx's RICO Suit A 'Sham'

By James Boyle

Nearly a month after its motion to dismiss a RICO suit filed by Uber and FedEx was denied by a Philadelphia federal judge, personal injury firm Simon & Simon PC has lodged a counterclaim against the companies, saying their complaint is a "frivolous sham."

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Senate Confirms Longtime Kan. Prosecutor, KBI Chief To Bench

By Courtney Bublé

The Senate voted 51-46, along party lines, on Tuesday to confirm Tony Mattivi, director of the Kansas Bureau of Investigation, to serve on the bench in the District of Kansas.

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LAW FIRMS IN TODAY'S NEWS

Ahmad Zavitsanos

Arnold & Smith Law

Baker Donelson

Baratta Law

Berman Tabacco

Bernstein Litowitz

Blank Rome

Block & Leviton

Burke LLP

Carlton Fields

Christian & Small

Conn Maciel

DWF LLP

Daniel Williams & Associates

Dilworth Paxson

Elsberg Baker

Federman & Sherwood

Fenwick & West

Fish & Richardson

Fox Rothschild

Frederick M. Lehrer Attorney at Law

Glancy Prongay

Gordon Rees

Hagens Berman

Hilliard Shadowen

Honigman LLP

Jones Day

Kirkland & Ellis

Kopelowitz Ostrow

Korein Tillery

Latham & Watkins

McDermott Will & Schulte

Milbank LLP

Milberg PLLC

Morris Nichols

Orrick Herrington

PCB Byrne

Perkins Coie

Potter Anderson

Quinn Emanuel

RM Law PC

Reinhart Boerner

Robbins LLP

Rupp Pfalzgraf

Saul Ewing

Simon & Simon PC

Sperling Kenny

Sterne Kessler

Watkins Calcara

Wilkinson Stekloff

Withersworldwide

COMPANIES IN TODAY'S NEWS

Acquira

Advanced Bionics AG

American Bar Association

Amneal Pharmaceuticals Inc.

BAMTech Media

Burford Capital LLC

Burke Inc.

ESPN Inc.

Endeavor Operating Company LLC

FedEx Corp.

Ingevity Corp.

International Union of Painters & Allied Trades

NFL Enterprises LLC

Teva Pharmaceutical Industries Ltd.

Uber Technologies Inc.

Ultimate Fighting Championship Ltd.

Union Internationale des Avocats

WestRock Co.

World Wrestling Entertainment Inc.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Delaware Court of Chancery

European Union

Federal Bureau of Investigation

Federal Trade Commission

Food and Drug Administration

Internal Revenue Service

Kansas Attorney General's Office

National Railroad Passenger Corp.

Pension Benefit Guaranty Corp.

U.S. Court of Appeals for the Federal Circuit

U.S. Court of Appeals for the Fifth Circuit

U.S. Court of Appeals for the Seventh Circuit

U.S. District Court for the District of Massachusetts

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

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

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

U.S. District Court for the Northern District of Mississippi

U.S. District Court for the Southern District of Florida

U.S. Senate

Unified Patent Court

United States Bankruptcy Court for the Eastern District of Pennsylvania

United States District Court for the Western District of Oklahoma