The U.S. House of Representatives on Thursday passed bipartisan legislation that would revamp securities law by making it easier for entrepreneurs and small businesses to access capital and by expanding investment opportunities in private markets.
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FRIDAY, DECEMBER 12, 2025 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

House Passes Bill To Rev Up Investment, Biz Opportunities

By Lauren Berg

The U.S. House of Representatives on Thursday passed bipartisan legislation that would revamp securities law by making it easier for entrepreneurs and small businesses to access capital and by expanding investment opportunities in private markets.

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Failed ACA Credit Extension Votes Leave Costs In Limbo

By Asha Glover

The Senate failed Thursday to pass procedural votes on two healthcare proposals to address the upcoming lapse in the Affordable Care Act's enhanced premium tax credits, including a proposal by Democrats to extend the subsidies for three years.

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6th Circ. Panel Shows No Leanings On PBM Jurisdiction Fight

By Mark Payne

A Sixth Circuit appeals panel gave few hints Thursday on whether it would send back to state court a lawsuit from Ohio alleging that pharmacy benefit managers were driving up prescription prices through rebate schemes. 

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NJ Justices Say Teacher Was 'Essential' During Pandemic

By Carla Baranauckas

An Ocean Township teacher who died from COVID‑19 in 2020 was an "essential employee" entitled to a statutory presumption that her illness was work-related, the New Jersey Supreme Court affirmed Thursday, rejecting the school district's arguments that the workers' compensation judge improperly granted summary relief without supporting affidavits.

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EXECUTIVE COMPENSATION

Josh Cellars President Denied Early Win In $4M Royalty Feud

By Aaron Keller

The former president of the company that produces Josh Cellars wines has been denied an early win in a $4 million trademark royalties lawsuit because a judge said she cannot resolve whether the parties orally amended an LLC agreement or whether a clause requiring written alterations is controlling.

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LITIGATION

Player Going For 'Fifth Bite' At Concussion Claim, NFL Says

By David Steele

The denial of a former NFL player's claim for benefits through the $1 billion concussion settlement was not erroneous or unjust, contrary to the player's latest argument, the league has told the Pennsylvania federal judge overseeing the settlement.

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March Trial Date Set For Ex-NJ Judge's Pension Fight

By George Woolston

A trial date has been set in a former New Jersey Superior Court judge's challenge to the denial of her disability pension application, according to a Wednesday text order.

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Trial Record Backs Gender-Affirming Care, Ohio Justices Told

By Gianna Ferrarin

A group of transgender youths and their families urged Ohio's highest court to affirm their win overturning state restrictions on gender-affirming care, arguing undisputed evidence at trial backed their arguments on the safety and effectiveness of the treatment.

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EXPERT ANALYSIS

Series

Knitting Makes Me A Better Lawyer

Stretching my skills as a knitter makes me a better antitrust attorney by challenging me to recalibrate after wrong turns, not rush outcomes, and trust that I can teach myself the skills to tackle new and difficult projects — even when I don’t have a pattern to work from, says Kara Kuritz at V&E.

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LEGAL INDUSTRY

Bonus Spotlight

Pallas Offers Up To $232K In Bonuses To Top US, UK Lawyers

By Tracey Read

Litigation boutique Pallas Partners announced Thursday that it is offering high-performing senior U.S. and U.K. associates and counsel as much as $232,000 in bonuses this year.

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'Totally Unacceptable': Alsup Rips Feds In Student Loan Deal

By Bonnie Eslinger

U.S. District Judge William Alsup on Thursday denied the U.S. Department of Education's request for an 18-month extension to process over 200,000 loan cancellation applications for students claiming they were defrauded by colleges they attended, calling it "totally unacceptable" and setting an April deadline to get the job done.

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White House Pushes Halligan's Confirmation Despite Hurdles

By Courtney Bublé

The White House is forging ahead with its bid to win confirmation of the president's controversial pick for U.S. attorney for the Eastern District of Virginia after a federal judge ruled she was serving illegally on an interim basis.

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Grassley Urges White House To Step It Up On Noms

By Courtney Bublé

Sen. Chuck Grassley, chair of the Senate Judiciary Committee, had a message for the White House Thursday: "Get on the ball" with nominations for U.S. attorneys and the judiciary.

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NJ Sens. Urge Cooperation On Next NJ US Attorney Nom

By Courtney Bublé

The New Jersey senators are looking to collaborate with the White House to find a new nominee for U.S. attorney for the District of New Jersey after the president's initial pick failed.

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DC Firm Faces Proposed Class Action Over Data Breach

By Andrea Keckley

A Washington, D.C., law firm failed to notify clients of a data breach that compromised their personal information for six months, a proposed class action alleged in federal court on Wednesday.

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Trump Orders Review Of Proxy Advisers' 'Substantial Power'

By Rae Ann Varona

President Donald Trump on Thursday issued an executive order that aims to scrutinize the influence that proxy adviser firms like Institutional Shareholder Services Inc. and Glass Lewis & Co. LLC have, including in relation to diversity, equity and inclusion agendas.

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Feds Reportedly Fail To Reindict NY AG Letitia James, Again

By Lauren Berg

New York Attorney General Letitia James' attorney Thursday celebrated reports that another Virginia federal grand jury declined to reindict her on charges of mortgage fraud, the second jury in a week to reject a case President Donald Trump had pushed prosecutors to pursue against a political opponent he's called "guilty as hell."

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Grants Can Be Axed For Political Reasons, DOJ Atty Says

By Jared Foretek

A Trump administration lawyer said Thursday that the president had blanket authority to cancel every discretionary grant slated for states that broke against him in the general election, and it wouldn't amount to a violation of the Fifth Amendment's equal protection guarantee.

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10th Circ. Reveals Judge Contacted Ex-Atty In 'Tiger King' Case

By Ivan Moreno

A Tenth Circuit panel considering a copyright infringement claim against Netflix over a video clip in its popular "Tiger King" docuseries has requested the parties' input on whether a judge on the panel should recuse himself after inadvertently contacting a former attorney of the plaintiff last month on an unrelated legal matter.

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Tracking Challenges To USPTO's Discretion Policy

By Dani Kass

Leaders at the U.S. Patent and Trademark Office have significantly altered the Patent Trial and Appeal Board playing field since March, making changes to institution reviews that have led to unprecedented levels of petition denials. A steady stream of companies has challenged those changes through mandamus petitions to the Federal Circuit, and here Law360 tracks where those petitions stand.

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SEC Must Provide Names To Compliance Chief In Fraud Suit

By Katryna Perera

An Illinois federal judge on Thursday ordered the U.S. Securities and Exchange Commission to comply with a chief compliance officer's request for the names of agency staffers familiar with his whistleblower claims as he defends allegations that he played a role in a purportedly fraudulent stock offering by a "sham" energy company.

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LAW FIRMS IN TODAY'S NEWS

ArentFox Schiff

Brown & Connery

Cravath Swaine

Dorsey & Whitney

Finkelstein Blankinship

Flannery Georgalis

Freshfields

Gibson Dunn

Goodwin Procter

Ivey Barnum

Jones Day

Kang Haggerty

Kelley Drye

Kopecky Schumacher

Leitner Tort

Lowell & Associates

Martin Melody LLC

Mehri & Skalet

Milbank LLP

Mitchell Silberberg

Pallas Partners

Paul Weiss

Pillsbury Winthrop

Robinson & Cole

Ross Aronstam

Rule Garza

Sullivan & Cromwell

Taft Stettinius

Vinson & Elkins

COMPANIES IN TODAY'S NEWS

Above the Law

Affordable Care LLC

American Academy of Pediatrics

American Civil Liberties Union

American Civil Liberties Union of Ohio

Arete Wealth Advisors

Cable News Network Inc.

Environmental Defense Fund Inc.

Express Scripts Holding Co.

Financial Industry Regulatory Authority Inc.

Glass Lewis & Co. LLC

Institutional Shareholder Services Inc.

NFL Enterprises LLC

Netflix Inc.

OptumRx Inc.

Project on Predatory Student Lending

SIFMA

Securities Service Network Inc.

The New York Times Co.

Twitter Inc.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Alaska Department of Law

Executive Office of the President

Federal Bureau of Investigation

Federal Trade Commission

Internal Revenue Service

New Jersey Attorney General's Office

New Jersey Supreme Court

New York Attorney General's Office

New York Supreme Court, New York County

Ohio Attorney General's Office

Ohio Legislature

Ohio Supreme Court

Patent Trial and Appeal Board

Texas Attorney General's Office

U.S. Attorney's Office for the Eastern District of Virginia

U.S. Court of Appeals for the Sixth Circuit

U.S. Court of Appeals for the Tenth Circuit

U.S. Department of Education

U.S. Department of Energy

U.S. Department of Health and Human Services

U.S. Department of Justice

U.S. Department of Labor

U.S. District & Bankruptcy Courts of Southern District of Texas

U.S. District Court for the District of Alaska

U.S. District Court for the District of Columbia

U.S. District Court for the District of Connecticut

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

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

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

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

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

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

U.S. Government Accountability Office

U.S. House of Representatives

U.S. Office of Personnel Management

U.S. Patent and Trademark Office

U.S. Securities and Exchange Commission

U.S. Senate

U.S. Supreme Court

US Office of Management and Budget