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TOP NEWS
Judge Resets Investors' Lead Counsel In Globe Life Suit
By Sydney Price
A Texas federal judge has reset the leadership structure in consolidated shareholder derivative litigation involving Globe Life Insurance Inc., granting the Plymouth County Retirement Association's bid to serve as sole lead plaintiff and appointing Scott + Scott Attorneys at Law LLP and Bleichmar Fonti & Auld LLP as sole co-lead counsel.
Order attached |
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EMPLOYMENT & BENEFITS
Lockheed Can't Slip Workers' 401(k) Self-Dealing Suit
By Kellie Mejdrich
Lockheed Martin can't escape a proposed class action alleging the company breached fiduciary duties under federal benefits law by offering underperforming proprietary target-date fund offerings in several employee 401(k) plans worth approximately $50 billion, after a New Jersey federal judge largely refused to toss the dispute.
Memorandum attached |
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SECURITIES
CYBERSECURITY & PRIVACY
AI Health Co. Illegally Shared Genetic Data, Patients Say
By Celeste Bott
A healthcare company powered by artificial intelligence violated Illinois' genetic privacy law and other consumer protection laws by compelling a genetic testing business it acquired to disclose patients' genetic information, which it then shared through data agreements with pharmaceutical giants such as Eli Lilly and AbbVie, a lawsuit in Illinois federal court says.
Complaint attached |
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CONSUMER PROTECTION
IP & TECHNOLOGY
Roundup
UK Litigation Roundup: Here's What You Missed In London
By Laura Stewart Liberty
The past week in London has seen Aston Martin file an appeal in a row with Chinese carmaker Geely over its winged logo for London black cabs, Ineos sue Ben Ainslie's America's Cup team for a £180 million ($244 million) boat, White & Case face a claim from two energy storage companies, and a golf tour company bring a claim against Saudi Arabia's sovereign wealth fund after the fund invested in its rival.
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LIFE SCIENCES
SPORTS & BETTING
EXPERT ANALYSIS
LEGAL INDUSTRY
Black McDermott Atty Says White Men Favored For Partner
By Lauren Berg
A Black female McDermott Will & Schulte attorney accused the firm of gender, race and pregnancy discrimination in a lawsuit lodged in California state court, saying she has been consistently bypassed for promotion by less-experienced white attorneys and was yanked off casework after taking medical leave following a life-threatening illness during pregnancy.
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