TOP NEWS
BANKING
SECURITIES
Class Attys Seek $6.5M Cut In $29.5M Plantronics Settlement
By Gina Kim
Lead counsel for Plantronics investors who secured a $29.5 million deal resolving claims the company used "channel stuffing" tactics to bolster revenue are seeking $6.5 million in fees, telling a California federal judge Friday the request is reasonable, given the strong recovery and their track record successfully prosecuting similar securities cases.
Motion attached |
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EMPLOYMENT & BENEFITS
Justices Won't Disturb 9th Circ.'s AT&T 401(k) Suit Revival
By Kellie Mejdrich
The U.S. Supreme Court declined on Monday to hear AT&T's bid for review of a Ninth Circuit panel decision reviving a class action against the telecom giant alleging mismanagement of an employee 401(k) plan, rejecting employers' request for more clarity from the court on the pleading standard for federal benefits lawsuits alleging excessive fees.
Order List attached |
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PRODUCT LIABILITY
Imerys Halts Ch. 11 Trial Over Foreign Claimant Issues
By Vince Sullivan
Bankrupt talc suppliers Imerys Talc America and Cyprus Mines Corp. and parties supporting their Chapter 11 plan to deal with asbestos injury claims unexpectedly announced Monday they wanted to halt the plan confirmation proceedings, following more than four days of evidence, citing issues surrounding the treatment of foreign claims against the debtors.
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Walgreens Opposes Merging 'Non-Drowsy' Labeling Suits
By Celeste Bott
Walgreens is pushing back on a bid to consolidate two Illinois federal lawsuits alleging the "non-drowsy" label on some of the retailer's cough suppressant medications is misleading, saying the two cases involve different allegations and are at different stages, and arguing that consolidation would cause a delay in the litigation.
Response attached |
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CONSUMER PROTECTION
Chancery OKs Shortcut For Derivative Fox Suit
By Jeff Montgomery
A Delaware vice chancellor late Monday approved an unprecedented Fox Corp. call for a targeted summary judgment proceeding focused on a single Fox director's independence after a different jurist rejected, in November, dismissal of the suit, which seeks hundreds of millions of dollars in defamation damages in connection with broadcasts of bogus 2020 election claims.
Opinion attached |
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Nivea Maker Hit With False Ad Greenwashing Suit
By Gina Kim
The Nivea brand of products such as lotions, body creams, deodorants and cleansing wipes are falsely advertised as made predominantly of ingredients derived from natural products, like aloe or avocado oil, even though nearly all the ingredients are synthetic, according to a proposed class action filed in California federal court.
Complaint attached |
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IP & TECHNOLOGY
ENERGY & ENVIRONMENTAL
IMMIGRATION
REAL ESTATE
EXPERT ANALYSIS
LEGAL INDUSTRY
Q&A
Sullivan M&A Chief Sees Opportunities Amid Tariff Turmoil
By Al Barbarino
After a rocky start to 2025, the mergers and acquisitions landscape is grappling with economic volatility, shifting trade policies and a complex regulatory environment. But even in a "choppy" market, there are always deals to be made, says Melissa Sawyer, global head of Sullivan & Cromwell LLP's M&A group and co-head of its corporate governance practice.
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Analysis
GOP Plan To Shutter Audit Watchdog Could Strain SEC
By Jessica Corso
Congressional Republicans are renewing the push to get rid of a financial regulator that conservatives have complained is costly and lacks proper oversight, but some former staffers at the Public Company Accounting Oversight Board wonder whether the U.S. Securities and Exchange Commission has the manpower or expertise to take over the board's duties.
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