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TOP NEWS
LITIGATION
Brokerage Workers Say $1.05B Sale Shortchanged Them
By Jarek Rutz
A proposed class action in Delaware Chancery Court alleges the founders and directors of insurance brokerage startup Newfront Insurance Holdings Inc. breached fiduciary duties by forcing employee shareholders to accept inferior merger consideration and restrictive employment conditions in the company's $1.05 billion sale to Willis Towers Watson PLC.
Complaint attached |
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Sandoz Still Can't Escape Generics Claims From GM, Others
By Lauren Berg
A Pennsylvania federal judge on Thursday declined to rethink her decision forcing Sandoz's Swiss parent company to face generic-drug price-fixing claims from major employers like American Airlines Inc. and General Motors LLC, saying the pharmaceutical company "has no new evidence" backing up its argument that the court lacks personal jurisdiction.
Order attached |
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EXPERT ANALYSIS
LEGAL INDUSTRY
Roundup
GC Cheat Sheet: The Hottest Corporate News Of The Week
By Michele Gorman
A Connecticut federal judge told attorneys to challenge clients who demand use of generative artificial intelligence tools to conduct legal research, and a Kansas federal judge blocked a state law imposing requirements on proxy advisers' voting recommendations. These were among the stories in corporate legal news you may have missed in the past week.
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Law360's Legal Lions Of The Week
By Kevin Penton
Clement & Murphy PLLC, Covington & Burling LLP and Bryan Cave Leighton Paisner LLP lead this week's edition of Law360 Legal Lions, after the U.S. Supreme Court handed Monsanto a win in its long-running battle over the labeling of alleged cancer risks of its bestselling weedkiller Roundup.
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