2nd Circ. Reopens Mortgage-Backed Securities ERISA Suit

By Kellie Mejdrich

The Second Circuit on Thursday revived a federal benefits lawsuit against Wells Fargo and Ocwen accusing the companies of mishandling home loans tied to a union pension fund's investments, overturning a lower court ruling that handed the bank and loan servicing companies a pretrial win in the proposed class action.

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Southwest Can't Fly Past Workers' Retirement Plan Suit

By José Luis Martínez

Southwest Airlines Co. retirement plan beneficiaries pleaded sufficient facts to state claims for breach of fiduciary duty and for failure to monitor in alleging that the company and its executives failed to remove an underperforming fund that lagged its benchmark, a Texas federal judge ruled this week.

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Hand Sanitizer Co. Board, Execs Can't Slip ESOP Fight

By Patrick Hoff

Executives and former board members at a hand sanitizer company must face a lawsuit claiming they helped facilitate an employee stock ownership plan's $398 million purchase of overvalued company stock, with an Illinois federal judge ruling that workers adequately alleged the executives had neglected their responsibilities.

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DOJ Says NY-Presbyterian Blocked Lower-Cost Health Plans

By Mark Payne

New York-Presbyterian Hospital is forcing major health insurers to contract with it on an "all-or-nothing" basis, which is driving up healthcare costs in New York City and violates federal antitrust law, the U.S. Department of Justice said in a federal lawsuit filed Thursday. 

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Ex-Flooring CEO Loses Fee Fight In Chancery

By Jarek Rutz

The Delaware Chancery Court on Thursday ruled against former flooring executive Brian Carson in his bid to force his former company to cover his legal fees, finding he was not entitled to advancement under the governing LLC agreement.

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Regeneron Can't Sink Disability Bias Claims Over Scheduling

By Patrick Hoff

A former Regeneron Pharmaceuticals director can proceed with her lawsuit claiming she was fired for requesting a flexible schedule to care for her daughter, a New York federal judge ruled, saying she'd sufficiently backed up allegations that doing so had violated federal disability bias law.

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Pa. Justices Clarify Workers' Comp Notice For Self-Employed

By Hope Patti

A provision of the Pennsylvania Workers' Compensation Act governing notice of work-related injuries does not require sole proprietors of a business to notify their insurers of their injuries within 120 days in order to be eligible for benefits, the state's highest court ruled Thursday.

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BigLaw Races To Capture Expanding Fund Finance Market

By Kevin Penton

Debt financing work at the fund level has long been dominated on the lender side by attorneys from Cadwalader Wickersham & Taft LLP, Haynes Boone and Mayer Brown LLP, but other firms are increasingly crafting formal practices and poaching fund finance stars from the more established players.

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Law360's Legal Lions Of The Week

By Kevin Penton

The Lanier Law Firm, Kiesel Law LLP, Panish Shea Ravipudi LLP, Wagstaff & Cartmell LLP and Beasley Allen Law Firm lead this week's edition of Law360 Legal Lions, after a California state jury in a bellwether trial found Meta and Google liable for harming the mental health of a woman who says she became addicted to their social media platforms as a child.

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NJ Federal Judge DQs Beasley Allen In J&J Talc MDL

By Emily Sawicki

A New Jersey federal judge has disqualified the Beasley Allen Law Firm from representing hundreds of plaintiffs in sprawling multidistrict litigation over Johnson & Johnson's talc-based baby powder, holding that the firm violated ethics rules by collaborating with former outside counsel for J&J, a ruling the law firm has vowed to appeal.

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Atty Sanctioned For AI Hallucinations In Workers' Comp Row

By Gianna Ferrarin

A New Jersey appellate court on Friday ordered an attorney to pay $1,000 in sanctions for failing to rectify AI-hallucinated case citations pointed out to him in an appeal concerning reimbursement sought by a workers' compensation carrier.

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UK Litigation Roundup: Here's What You Missed In London

By Laura Stewart Liberty

The past week in London has seen Apple hit back at a tech company's wireless charging patent claim, a flurry of businesses bring COVID-19 pandemic insurance claims as a key deadline draws closer and Ipulse Partners LLP file a claim against a luxury yacht company it represented in a trademark dispute. Here, Law360 looks at these and other new claims in the U.K.

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Polsinelli Hires Practice Head From McDermott In NY

By Andrea Keckley

Polsinelli PC said Thursday that it has hired a longtime McDermott Will & Schulte LLP attorney to co-lead its special situations and alternative investment practice, saying the move "further advanc[es] the firm's strategic focus on private credit, distressed investing, and complex restructuring matters."

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Apollo, BlackRock Deny Asking Kirkland To Abandon Optimum

By Tracey Read

Apollo, Ares, BlackRock and other major financial companies have denied Optimum Communications' claims accusing them of "bullying" Kirkland & Ellis LLP into withdrawing as the telecommunications company's transaction counsel to get revenge for a collusion lawsuit filed in New York federal court.

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GC Cheat Sheet: The Hottest Corporate News Of The Week

By Sue Reisinger

A federal judge has stopped the Pentagon from dropping AI giant Anthropic from the government's supply chain, and Latham & Watkins ranked first in a survey of in-house legal leaders on which law firms are most helpful in developing business, followed by King & Spalding, Jones Day and Ropes & Gray.

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Firms Targeted By Trump Urge DC Circ. To Uphold EO Rulings

By Alison Knezevich

Four law firms targeted last year by President Donald Trump urged the D.C. Circuit on Friday to affirm lower court rulings that struck down executive orders restricting their ability to practice law, saying the directives blatantly violate the Constitution.

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Brief

Amazon Swaps MoFo In, Perkins Coie Out In Cooker Suit

By Ben Adlin

Amazon.com LLP switched counsel Friday in a customer's product defect suit accusing the retail giant of selling a faulty pressure cooker that allegedly malfunctioned and caused her severe burns, substituting two Morrison Foerster LLP attorneys in place of an outgoing Perkins Coie LLP lawyer.

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Mich. Judge Signals No Stay If Attys Exit Retaliation Suit

By Melanie Dorsey

A Michigan federal judge said Friday she is not inclined to pause a long-running sexual harassment suit again if counsel for an attorney who is suing her ex-mentor and former firm are allowed to withdraw, telling the parties, "We've been here. We've done this," as she heard arguments over a motion to exit the case.

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Judiciary Nixes Amicus Disclosure Reform Over Potential Chill

By Emily Sawicki

The federal judiciary has been asked not to move forward with a plan to add to amicus brief disclosure requirements designed to curb "dark money" groups from bankrolling amicus briefs, after rules committee chairs pulled the recommendation over concerns of a possible chilling effect.

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Ex-Williams & Connolly Clerk Accused Of Posting Client Info

By Hailey Konnath

A former Williams & Connolly LLP clerk has been posting confidential firm information — including client information and work email exchanges — and he's threatening to "keep leaking" the materials, which he called "a fun read," according to a suit filed in District of Columbia Superior Court.

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Mayer Brown's $21M Fee Bid In RI Truck Tolls Suit Rebuffed

By Linda Chiem

A Rhode Island federal judge on Friday rebuffed Mayer Brown LLP's bid for $21 million in attorney fees for representing the commercial trucking industry's lead trade group in long-running litigation over the state's truck tolling program, saying the American Trucking Associations ultimately was not the "prevailing party."

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FCC Told It Can't Make Foreign Call Centers Speak English

By Nadia Dreid

The National Creditors Bar Association is not pleased with the Federal Communications Commission's plans to pass new rules that would require companies to make sure their foreign call center operators speak "American Standard English," saying the agency has no power over foreign employees.

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