Elon Musk made "deliberate and carefully devised" statements to drive down Twitter's stock price after offering $44 billion for the company, Twitter investors' counsel told a California federal jury during closing arguments Tuesday, while Musk's lawyer insisted that there's no evidence of securities fraud and that it's not a crime to "tweet stupid things."
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WEDNESDAY, MARCH 18, 2026 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

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Were Musk's Tweets 'Deliberate' Or 'Stupid'? Jury To Decide

By Bonnie Eslinger

Elon Musk made "deliberate and carefully devised" statements to drive down Twitter's stock price after offering $44 billion for the company, Twitter investors' counsel told a California federal jury during closing arguments Tuesday, while Musk's lawyer insisted that there's no evidence of securities fraud and that it's not a crime to "tweet stupid things."

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Instagram Layers Backups To Catch Bad Content, Jury Told

By Cara Salvatore

Instagram's algorithm data head told a New Mexico jury Tuesday that Meta layers processes to ward against harmful content, so if a violating post is missed and starts going viral, it can be caught by a backstop.

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Apple Can't Shake Most PFAS Claims In Smartwatch Suit

By Mike Curley

A California federal judge won't let Apple Inc. escape a proposed class action alleging that the wristbands of its Apple Watch products contain dangerous forever chemicals, saying the complaint is sufficient to allege that the company knew of the risks but didn't warn consumers.

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Boeing's Appeal Bid Grounded In Bias Suit Over Bonuses

By Benjamin Morse

Boeing cannot immediately appeal to the Ninth Circuit a decision sending to state court a proposed class action accusing the aerospace company of denying a $12,000 bonus to workers on extended leave, a Washington federal judge ruled.

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2nd Circ. Kills Contempt Order In Starbucks False Ad Suit

By Andrea Keckley

A New York federal judge overstepped in holding an attorney in contempt for filing what the lower court deemed a "meritless" false advertising lawsuit over the amount of potassium in a Starbucks coffee flavor, the Second Circuit ruled Tuesday.

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Skechers Controllers Accused Of Unfair $9.4B 3G Buyout

By Jarek Rutz

A Detroit pension fund is challenging the $9.4 billion take-private sale of Skechers U.S.A. Inc. to 3G Capital in Delaware Chancery Court, alleging the footwear company's controlling stockholders engineered an unfair deal that favored themselves at the expense of minority investors.

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EMPLOYMENT & BENEFITS

Tyson Must Face Bulk Of Meat Plant Worker's Wage Suit

By Benjamin Morse

Tyson Foods Inc. must face most of a proposed class action accusing it of wage and hour violations at a Washington processing plant, after a federal judge on Tuesday found a worker plausibly alleged that meal break interruptions and automatic deductions resulted in unpaid wages.

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4th Circ. Seems Leery Of Plant Closure Suit Against PE Firm

By Kellie Mejdrich

The Fourth Circuit was skeptical Tuesday of ex-workers' bid to revive a proposed class action accusing a private equity firm of violating federal laws when it abruptly shut down a manufacturing plant, hinting that dropping the firm from a prior suit over the closure may preclude their case.

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Bimbo Bakeries Can't Steer Driver Suit To Arbitration

By Carolyn Muyskens

A Massachusetts federal magistrate judge won't ship to arbitration a pair of New England drivers' claims that Bimbo Bakeries USA misclassifies them as independent contractors, finding that the drivers are covered by an exception to the federal arbitration statute.

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Duke Beats 401(k) Suit Over Use Of Forfeited Funds

By Grace Elletson

A North Carolina federal judge tossed a worker's suit claiming Duke University illegally used forfeited cash in its retirement plan to pay for future contributions rather than plan fees, finding the university's actions were allowed under the plan's terms.

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Nuclear Power Cos. Seek To Duck Wage-Fixing Class Action

By Benjamin Morse

Nuclear energy producers including Constellation Energy, DTE Energy, Duke Energy and NextEra Energy have urged the Maryland federal court to toss a proposed class action alleging they conspired to fix wages in a scheme that workers say spanned "100% of the nuclear power generation labor market."

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Swift Says Its Truckers Are Exempt From Washington OT Law

By Ben Adlin

Trucking firm Swift Transportation urged a Washington federal court to reject a drivers' class action accusing the company of shorting them on overtime pay, arguing that drivers are exempt from Washington state's overtime laws and don't qualify for pay while off duty or in a truck's sleeper berth.

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Inspector Nabs Collective Cert. In Engineering Co. OT Spat

By Irene Spezzamonte

An environmental inspector supported his claims that an engineering company and two related entities similarly paid day-rate workers without compensating them for their overtime, a Pennsylvania federal judge said, conditionally certifying a collective.

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Ex-Database Administrator Settles OT Claim

By Irene Spezzamonte

A former database administrator who accused Express Scripts and two other companies of misclassifying him as an independent contractor reached a $30,000 deal with the entities to settle his federal law claim, the parties told a New York federal court.

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SECURITIES

Grocery Chain Faces Investor Suit Over Shuttered Stores

By Katryna Perera

Investors of Grocery Outlet Holding Corp. filed suit against the discount supermarket company in California federal court, alleging the company and its executives failed to disclose that its rapid financial growth was caused by expanding too quickly, which came to light earlier this year when it announced that 36 of its stores would close, sending its share price lower.

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Gartner Investor Says Co. Made Misleading Growth Claims

By Sydney Price

Insights company Gartner Inc. was hit with a proposed class action on Tuesday accusing it of failing to disclose that tariff headwinds and other macroeconomic factors would prevent it from growing its contract value.

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COMPETITION

Apple Seeks Sanctions For 'Unrelenting' Antitrust Depo Efforts

By Dorothy Atkins

Apple urged a California federal judge to sanction iPhone users' counsel over their allegedly "unrelenting and increasingly egregious" subpoena efforts in antitrust litigation accusing Google of suppressing rival search engines with anticompetitive deals, arguing the consumers are fishing for evidence to try to improperly reinstate Apple as a defendant.

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Fragrance Co. Inks $11M Icebreaker Deal In Price-Fixing Case

By Lauren Berg

A group of consumers asked a New Jersey federal judge Monday to preliminarily sign off on an $11 million class settlement with International Flavors and Fragrances Inc., which the consumers called an "icebreaker" deal cut in sprawling price-fixing antitrust litigation against four major fragrance ingredient makers.

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PRODUCT LIABILITY

Consumers Say Water Heater Valves Leak, Damage Homes

By Emily Field

Water heater manufacturer A.O. Smith Corp. on Monday was hit with a proposed class action in Wisconsin federal court alleging that its home water heaters have defective plastic valves that can suddenly leak and flood basements, ruin floors, and cause expensive repairs.

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CYBERSECURITY & PRIVACY

Verizon Can't Ditch Core Claims In Business Data Breach Suit

By Allison Grande

Verizon must continue to face the bulk of a proposed class action over alleged "email bomb attacks" targeting its business customers, after a New York federal judge found that the nonprofit pressing the suit had established a concrete injury stemming from the data breach and had adequately asserted a trio of negligence, contract and California consumer protection law claims.

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JCPenney AI Tool Faces Ill. Privacy Lawsuit Over Facial Data

By Joyce Hanson

Retail brand JCPenney uses an artificial intelligence skin-care analysis tool for website visitors without ever telling them that the technology scanning their faces to provide personalized cosmetics advice illegally captures and stores their biometric information, according to a new lawsuit in Illinois state court.

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CONSUMER PROTECTION

Fla. Judge Orders Consumers To Arbitrate Binance Claims

By Carolina Bolado

A Florida federal judge sent two proposed class suits against Binance to arbitration Monday after finding that the arbitration provision of Binance's terms of use applied to the investors' claims that the exchange laundered stolen cryptocurrency.

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IP & TECHNOLOGY

Zoox Stockholders Push For Amazon Ex-Exec's Texts, Emails

By Jarek Rutz

A pair of Zoox Inc. stockholders have asked the Delaware Chancery Court to force Amazon.com Inc. to provide additional documents in litigation challenging its $1.3 billion acquisition of the self-driving vehicle startup, arguing that a former Amazon executive's communications could shed light on particulars of the allegedly conflict-tainted deal.

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Google Wants Cutoff Date For Ad Tech Rivals' Claims

By Bryan Koenig

Google moved to tee up a dismissal bid aimed at cutting key targeted policies from New York federal court antitrust claims from rival advertising placement technology providers, arguing that its "sophisticated" competitors cannot get around a four-year statute of limitations pegged to the U.S. Department of Justice's lawsuit.

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LIFE SCIENCES

NeoGenomics Beats Investor Suit Over Growth Driver Claims

By Emilie Ruscoe

Cancer diagnostics company NeoGenomics Inc. no longer faces a proposed investor class action alleging it mischaracterized its growth drivers, including by failing to disclose that a rainmaking unit potentially ran afoul of anti-kickback laws, after a Manhattan federal judge held the suit failed to show the company had intentionally misled the markets. 

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TRANSPORTATION

Motorists Lose Bid To Challenge Chicago Skyway Toll Hikes

By Celeste Bott

An Illinois federal judge has dismissed for good a putative class action claiming the companies in charge of a major toll road leading into Chicago have increased certain tolls more than they're allowed under their lease agreement with the city, saying alternative routes exist, but the plaintiffs willingly paid the advertised rates and "got what they bargained for."

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IMMIGRATION

1st Circ. Pauses 3rd-Nation Deportations Ruling During Appeal

By Britain Eakin

The First Circuit has granted the Trump administration a stay pending appeal of a Massachusetts federal court ruling that a class of noncitizens facing removal to countries to which they have no ties must receive meaningful notice and an opportunity to raise fears about being deported to those countries.

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SPORTS & BETTING

2nd Circ. Panel Not Sold On Ivy League Players' Antitrust Suit

By Pete Brush

A Second Circuit panel seemed inclined Tuesday to uphold a Connecticut federal judge's dismissal of a challenge to the Ivy League's ban on athletic scholarships, though one judge suggested reviving the case to probe whether students properly pled antitrust injury.

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Bettor Pushes For Early Win In Fanatics Wager Limits Suit

By Melanie Dorsey

A Michigan bettor has asked a federal court to hand him a partial summary judgment win against a sportsbook owned by Fanatics Inc., claiming the platform illegally let users instantly raise their own betting limits in violation of consumer protection rules in multiple states.

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EXPERT ANALYSIS

How DExit, Mandatory Arbitration Could Alter IPO Outlook

As companies continue to leave Delaware and the U.S. Securities and Exchange Commission begins allowing companies to implement mandatory arbitration provisions, these developments could have a major impact on the initial public offering, securities class action, and directors and officers insurance landscapes, says Walker Newell at Arthur J. Gallagher & Co.

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LEGAL INDUSTRY

Industry Leaders Grapple With BigLaw Recruiting 'Chaos'

By Aebra Coe

Many large law firms hit elite law school campuses last September to begin recruiting first-year students for their 2027 summer associate job openings, in what panelists at a New York City Bar Association event Tuesday described as a dysfunctional system unhelpful to both law students and law firms.

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Latham Hires Desmarais IP Partner In DC

By Jack Rodgers

Latham & Wakins LLP has hired a Desmarais LLP partner in D.C., who helped represent GlaxoSmithKline Biologicals in an ongoing infringement suit against Moderna Inc., the firm announced Tuesday.

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Health Litigator Rejoins Holland & Knight From In-House Role

By Madison Arnold

A former Holland & Knight LLP attorney has returned to the firm in Jacksonville, Florida, after a 10-year stint in-house at Florida Blue, a subsidiary of GuideWell Mutual Holding Corp.

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Calif. Bills Would Reform Litigation Funding, Client Recruiting

By Emily Sawicki

Two new bills introduced to the California Assembly this week seek to impose reforms on the state's legal industry, including adding mandatory disbarment for attorneys convicted of felony "capping" — or illegally paying for client recruitment — and blocking corporate litigation funders from influencing cases.

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Brief

Prior Counsel In Settled EBay Harassment Case Eyes Payment

By Julie Manganis

An attorney who previously represented a Massachusetts couple in a harassment lawsuit against eBay and three former executives has asked a federal judge to hold off on entering a dismissal in the now-settled case until she receives assurances she will be paid.

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LAW FIRMS IN TODAY'S NEWS

Anderson & Kreiger

ArentFox Schiff

Arnold & Porter

Axinn Veltrop

Ballard Spahr

Berger Montague

Bruckner Burch

Bryson Harris Suciu & DeMay

Carlton Fields

Clarkson Law Firm PC

Cleary Gottlieb

Cohen Milstein

Cooch & Taylor

Cooley LLP

Corr Cronin

Costello Cooney

Cotchett Pitre

Cravath Swaine

DLA Piper

Desmarais LLP

DiCello Levitt

Diller Law

Dilworth Paxson

Downtown LA Law Group

Edelsberg Law

Ellis & Winters

Finkelstein & Partners

Finkelstein Blankinship

Freed Kanner

Freshfields

Friedlander & Gorris

Gibbs Mura

Giskan Solotaroff

Glancy Prongay

Goodrich & Geist

Gressley Kaplin

Haffner Law PC

Hagens Berman

Handley Farah

Herman Jones LLP

Holland & Knight

Holzer & Holzer

Honigman LLP

Hueston Hennigan

Hunton Andrews

Jackson Lewis PC

Jenner & Block

Josephson Dunlap

Keller Rohrback

Kellogg Hansen

King & Spalding

Kirkland & Ellis

Krizner Group

Latham & Watkins

Levi & Korsinsky

Lewis Rice

Littler Mendelson

Lockridge Grindal

Lowell & Associates

Martin G. Weinberg PC

McGuireWoods

McNaul Ebel

Milberg PLLC

Morgan Lewis

Morrison & Foerster

Motley Rice

O'Melveny & Myers

Ogletree Deakins

Parasmo Lieberman

Pillsbury Winthrop

Quinn Emanuel

Rimon PC

Robbins Geller

Romano Law PLLC

Ropes & Gray

Ross Aronstam

Sauder Schelkopf

Scalli Murphy Law

Sheehan & Associates PC

Sheppard Mullin

Shinder Cantor

Shook Hardy

Shub Johns

Sidley Austin

Silver Miller

Simonsen Sussman

Skadden Arps

Sullivan & Cromwell

Susman Godfrey

Troutman

Weil Gotshal

Wiggin & Dana

Williams & Connolly

WilmerHale

Wilson Sonsini

Winston & Strawn

Withersworldwide

COMPANIES IN TODAY'S NEWS

3G Capital

A. O. Smith Corp.

Accelerant

Alphabet Inc.

Amazon.com Inc.

Ameren Corp.

American Bar Association

Apple Inc.

Arizona Public Service Co.

Arthur J. Gallagher & Co.

BetMGM LLC

Bimbo Bakeries USA Inc.

Binance Holdings Ltd.

Binance.US

British Airways PLC

CRST International Inc.

Coinbase Global Inc.

Constellation Energy Corp.

Consumer Attorneys of California

DTE Energy Co.

Dominion Energy Inc.

Duke Energy Corp.

Duke University

Entergy Corp.

Express Scripts Holding Co.

FanDuel Inc.

Fanatics Inc.

Federal Bar Association

Firmenich International SA

FirstEnergy Corp.

Florida Blue

Fordham University

Gannett Co. Inc.

Garrison Investment Group LP

Gartner Inc.

George Washington University

Givaudan

Google LLC

Grocery Outlet Holding Corp.

GuideWell Mutual Holding Corp.

Hillshire Brands Co.

Human Genome Sciences, Inc.

Human Rights First

Index Exchange Inc.

Instagram Inc.

International Flavors & Fragrances Inc.

J.C. Penney Co. Inc.

Knight-Swift Transportation Holdings Inc.

Lamps Plus Inc.

LinkedIn Corp.

Los Angeles Times

Luminant Generation Co. LLC

Make-A-Wish Foundation of America

Meta Platforms Inc.

Moderna Inc.

Mozilla Corp.

NeoGenomics Laboratories Inc.

New York City Bar Association

New York University

NextEra Energy Inc.

OpenX Technologies Inc.

PG&E Corp.

Pfizer Inc.

PubMatic Inc.

Public Service Enterprise Group Inc.

STP Nuclear Operating Co.

Samsung Electronics Co. Ltd.

Southern California Edison Co.

Stanford University

Starbucks Corp.

State Bar of California

Symrise AG

The Boeing Co.

The Cigna Group

The Southern Co. Inc.

Twitter Inc.

Tyson Foods Inc.

Verizon Communications Inc.

Vistra Corp.

WNBA Enterprises LLC

Walmart Inc.

Xcel Energy Inc.

Zion Oil & Gas Inc.

eBay Inc.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Colorado Supreme Court

Cook County Circuit Court

Delaware Court of Chancery

European Commission

Federal Trade Commission

Michigan Gaming Control Board

New Mexico Attorney General's Office

Tennessee Valley Authority

U.S. Court of Appeals for the First Circuit

U.S. Court of Appeals for the Fourth Circuit

U.S. Court of Appeals for the Second Circuit

U.S. Department of Health and Human Services

U.S. Department of Homeland Security

U.S. Department of Justice

U.S. District Court for the District of Connecticut

U.S. District Court for the District of Maryland

U.S. District Court for the District of Massachusetts

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

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

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

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 Southern District of Florida

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

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

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

U.S. Securities and Exchange Commission

U.S. Supreme Court

United States District Court for the Eastern District of Wisconsin