The Ninth Circuit on Wednesday reversed a lower court's finding that Orrick Herrington & Sutcliffe LLP can't be held liable in a battle over a stock transfer agreement gone awry, ruling that California law does allow a party to the transfer to pursue equitable indemnity in the case.
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TOP NEWS

9th Circ. Vacates Orrick Win In Stock Transfer Deal Dispute

By Hailey Konnath

The Ninth Circuit on Wednesday reversed a lower court's finding that Orrick Herrington & Sutcliffe LLP can't be held liable in a battle over a stock transfer agreement gone awry, ruling that California law does allow a party to the transfer to pursue equitable indemnity in the case.

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Forum Clause Dooms ITC Trade Secret Case Against BMW

By Adam Lidgett

A U.S. International Trade Commission judge has made an initial finding to close a trade secret investigation into BMW's imports of infotainment screens targeted by a California technology company, citing an agreement between the parties saying their disputes had to be hashed out in Germany.

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10th Circ. Trims $20M Judgment In Wyo. Coal Royalty Row

By Tom Lotshaw

A Tenth Circuit panel said a Wyoming federal judge erred when she ordered Bridger Coal Co. to recalculate royalty payments to Wildcat Coal LLC going back to 1986 in a dispute over payments between 2016 and 2020.

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LEGAL ETHICS & MALPRACTICE

King & Spalding Told To End 'Shenanigans' In Bid To Exit Case

By Brian Steele

The individual defendants in a $300 million fraud lawsuit have accused King & Spalding LLP of appellate "shenanigans" while it seeks to exit the case due to an alleged ethics conflict, claiming the firm has falsely denied representing corporate clients despite an attorney's appearance suggesting otherwise.

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INSURANCE

Manufacturer Can't Recoup Coverage For Gas Leak Losses

By Hope Patti

A semiconductor manufacturer is not entitled to additional coverage for losses it incurred after a hydrogen chloride gas leak at one of its facilities, a Texas appellate court ruled, saying the company failed to show it suffered damages that exceeded its policies' deductible and were unrelated to excluded corrosion.

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Insurers Owe $10M For Ethanol Kickback Award, Ag Co. Says

By Danielle Ferguson

The owner of an agricultural management company said liability insurers owed more than $10 million in damages for what he and the company paid toward an arbitration award in a dispute alleging a pay-to-play kickback scheme, saying the insurers improperly applied exclusions and appointed ill-prepared counsel.

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BANKING

Glazer Sues In Chancery For More Comerica Merger Records

By Jarek Rutz

A Comerica Inc. stockholder has asked the Delaware Chancery Court to order the bank to turn over additional books and records tied to its merger with Fifth Third Bancorp, alleging the company has improperly withheld key documents needed to investigate whether directors and executives breached their fiduciary duties during the sale process.

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Calif. Regulator To Appeal $100M OppFi 'Rent-A-Bank' Loss

By Sarah Jarvis

California's financial services regulator has appealed a state judge's ruling that it cannot pursue millions in fines against Opportunity Financial for alleged "rent-a-bank" predatory lending, after the judge rejected the regulator's allegation that OppFi was the "true lender" for loans that the company argued originated from an out-of-state partner.

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INTELLECTUAL PROPERTY

USC Says Caltech Can't Claim Ownership In Multiplexing IP

By Gina Kim

The University of Southern California sued a former professor in Los Angeles County Superior Court on Tuesday claiming he and two other inventors impermissibly assigned their rights in multiplexing technology, allegedly developed using USC's resources, to Caltech, which claims sole ownership over it and sued other entities for patent infringement.

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Roundup

Lowe's Coverage Row, NASCAR Team Tiff: NC Midyear Report

By Hayley Fowler

The North Carolina courts are teeing up for a busy second half of 2026, including readying for a multimillion-dollar insurance trial with Lowe's and speeding through discovery in a high-profile trade secrets dispute involving former NFL coach Joe Gibbs' championship NASCAR team.

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SECURITIES & WHITE COLLAR

Novo Faces Narrowed Investor Suit Over Obesity Drug Claims

By Carla Baranauckas

A New Jersey federal judge narrowed a proposed securities class action against Novo Nordisk, preserving claims that it misled investors about the CagriSema obesity drug's tolerability and a flexible protocol used in a clinical trial.

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COMPETITION

Apple, Amazon Beat Bid To Revive IPhone Sales Antitrust Suit

By Rachel Riley

A Washington federal judge has declined to reinstate a proposed class action accusing Apple and Amazon of illegally limiting iPhone and iPad sales, standing by her previous conclusion that Hagens Berman Sobol Shapiro LLP failed to promptly seek the approval of two substitute plaintiffs after the original lead consumer abandoned the case.

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PRIVATE EQUITY

Aterian Loses Dismissal Bid In P.J. Mechanical Suit

By Jarek Rutz

The Delaware Superior Court has refused to dismiss a lawsuit accusing private equity firm Aterian Investment Partners of improperly draining millions of dollars from a holding company to avoid paying earnout obligations owed to the former owners of P.J. Mechanical, finding that the founders plausibly alleged that Aterian intentionally interfered with their contract.

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HEALTHCARE & LIFE SCIENCES

NC Attorney General's Clash With HCA Cleared For Trial

By Hayley Fowler

The North Carolina Business Court has cleared a path to trial in the state attorney general's suit accusing HCA Healthcare of letting the quality of care at Mission Hospital in Asheville languish.

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CYBERSECURITY

TaskUs Trims Claims From Coinbase Breach Suit

By Katryna Perera

A New York federal judge has trimmed claims from a suit alleging a Texas-based Coinbase vendor called TaskUs failed to protect the personal information of Coinbase customers from a bribery-fueled data compromise scheme involving TaskUs employees.

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PBS Station Sues Data Co. Over 70 Years Of Archived Footage

By MJ Koo

A St. Louis public television station has sued a data storage company in Colorado state court to recover 50 terabytes of irreplaceable archival footage and programming spanning seven decades, alleging the company has wrongfully refused to return the data after the station's cloud storage provider ceased operations.

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TELECOMMUNICATIONS

Trail Cam Co. Says T-Mobile Broke Tech Migration Promises

By Nadia Dreid

T-Mobile is trying to plow forward with a plan to shift Tactacam-branded "trail cameras" that operate on cellular networks to a new technology even though all the tests have failed, which could make millions of cams useless, according to the company that owns those cameras.

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LEGAL INDUSTRY

Advocacy Group Says Law Firm Fellowship Program Biased

By Patrick Hoff

A legal advocacy group said Thursday it had lodged U.S. Equal Employment Opportunity Commission charges against a nonprofit and law firms including Jones Day, White & Case and Morgan Lewis, claiming Muslim and Middle Eastern students were getting unlawful preference in a fellowship program.

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DA Says Trump's NY Hush Money Conviction Must Stand

By Frank G. Runyeon

New York prosecutors told a state appellate court that President Donald Trump's 34-count felony conviction for falsifying business records is "unaffected" by the U.S. Supreme Court's watershed presidential immunity decision and should be upheld.

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Bronx Legal Aid Organization's Union Rejects New Pay Offer

By Andrea Keckley

The Bronx Defenders' executive director said on Thursday that the union representing the organization's over 300 attorneys and staff has rejected an updated offer on wages, with both sides still at odds over the prospect of separate salary scales for lawyers and social workers.

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2 Traders Admit Guilt In Stolen BigLaw Info Scheme

By Chris Villani

Two men pled guilty Thursday in Massachusetts federal court to their roles in a sweeping scheme to trade on inside information stolen from huge corporate law firms about upcoming deals.

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Roundup

Pa. Paraquat, Gov. Shapiro's Neighbors: A Midyear Report

By P.J. D'Annunzio

Mass tort and antitrust cases advanced this year in Pennsylvania, where attorneys await Philadelphia's first paraquat trial and more developments in the class action against the Law School Admissions Council over test fees.

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Trump May Renominate Blanche If GOP Holdouts Block Vote

By Courtney Bublé

With Sens. John Cornyn, R-Texas, and Thom Tillis, R-N.C., still on the fence about acting Attorney General Todd Blanche's confirmation to be attorney general, President Donald Trump said Thursday he might renominate Blanche next year when the two senators are no longer serving in the Senate.

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Linklaters' Legal AI Leader Coming To NY For US M&A Work

By Jake Maher

Linklaters LLP is moving the firm's first dedicated AI lawyer from London to its New York office to work with the U.S. mergers and acquisitions team on an AI-native capability, according to an announcement on social media Thursday.

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ABA Eyes Nixing School DEI Standards To Sway Trump Admin

By Emma Cueto

The American Bar Association is poised next week to eliminate the first of multiple diversity-related law school standards, a controversial move that it hopes will allow it to remain an accreditor despite an uncertain outcome in the face of a Trump administration increasingly wary of the association's role in legal education.

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Judiciary's Bid To Control Courthouses Gets Senate Push

By Courtney Bublé

A bipartisan group of senators introduced a bill on Thursday that would create a pilot program for the federal judiciary to obtain direct authority to maintain its buildings, which the judiciary says is desperately needed.

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LAW FIRMS IN TODAY'S NEWS

Ahdoot & Wolfson

Akerman LLP

Alston & Bird

Arete Law Group

Bailey & Glasser

Bernstein Litowitz

Bronstein Gewirtz

Buchalter LLP

Calfee Halter

Carella Byrne

Clyde & Co

Cohen & Wolf

Cooley LLP

Coombe Curry

Covington & Burling

Cowdery Murphy

Cozen O'Connor

Cravath Swaine

Crowley Fleck

Davis Wright Tremaine

Debevoise & Plimpton

Dorsey & Whitney

Duane Morris

FBT Gibbons

Fine Kaplan

Finnegan

Foley Hoag

Freedman Normand

Gibson Dunn

Goodwin Procter

HGT Law

Hagens Berman

Haynes Boone

Healy LLC

Jones Day

Jones Walker LLP

King & Spalding

Kirton McConkie

Klausner Kaufman

Latham & Watkins

Lennon Murphy

Levi & Korsinsky

Levinger PC

Lewis Brisbois

Linklaters LLP

Markun Zusman

Mayer Brown

McCollom D'Emilio

Morgan Lewis

Morrison & Foerster

Mound Cotton

O'Hagan Meyer

O'Melveny & Myers

Orrick Herrington

Otteson Shapiro

Patterson Belknap

Pitta LLP

Pomerantz LLP

Proskauer Rose

Quinn Emanuel

Robbins Geller

Roberts & Stevens

Rosen Law Firm PA

Schall Law

Scott&Scott

Seeger Weiss

Shook Hardy

Sidley Austin

Spencer Fane

Stoel Rives

Sullivan & Cromwell

Troutman

Wachtell Lipton

Weil Gotshal

White & Case

Wiggin & Dana

WilmerHale

Wilson Elser

COMPANIES IN TODAY'S NEWS

Amazon.com Inc.

American Bar Association

American International Group Inc.

Apple Inc.

Aterian Investment Partners

Bank of Utah

Brooklyn Defender Services

California Institute of Technology

Chevron Corp.

Cisco Systems Inc.

Citrix Systems Inc.

Coinbase Global Inc.

Comerica Inc.

Enstar Group Ltd.

Fifth Third Bancorp

Fort Point Capital

Gerald Holdings LLC

Glazer Capital LLC

Global Logistic Properties Ltd.

Great American Insurance Co.

Griswold

HCA Healthcare Inc.

Hotel Association of New York City Inc.

Iron Mountain Inc.

JPMorgan Chase & Co.

Johnson & Johnson

KBW, Inc.

Law School Admission Council Inc.

LinkedIn Corp.

Lowe's Cos. Inc.

Mission Health System Inc.

Momenta Pharmaceuticals Inc.

Monsanto Co.

NASCAR Digital Media LLC

New York University

Nokia Corp.

Novo Nordisk A S

OppFi Inc.

OppLoans

Poshmark Inc.

Public Broadcasting Service

Sponsors for Educational Opportunity Inc.

Stanford University

Syngenta AG

T-Mobile US Inc.

TaskUs Inc.

Texas Instruments Inc.

The Bronx Defenders

United Auto Workers

University of Southern California

Vapor Technology Association

Washington State Bar Association

YouTube Inc.

iRobot Corporation

GOVERNMENT AGENCIES IN TODAY'S NEWS

Bureau of Labor Statistics

Bureau of Land Management

California Supreme Court

Delaware Court of Chancery

Equal Employment Opportunity Commission

Federal Trade Commission

Food and Drug Administration

Internal Revenue Service

International Trade Commission

Judicial Conference of the United States

Manhattan District Attorney's Office

New York Supreme Court, New York County

North Carolina Attorney General's Office

North Carolina Department of Justice

Texas Judicial Branch

Texas Supreme Court

Texas Tenth Court of Appeals

U.S. Attorney's Office for the District of Massachusetts

U.S. Court of Appeals for the Fourth Circuit

U.S. Court of Appeals for the Ninth Circuit

U.S. Court of Appeals for the Tenth Circuit

U.S. Department of Education

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 Pennsylvania

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 New York

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

U.S. General Services Administration

U.S. Patent and Trademark Office

U.S. Supreme Court

United States District Court for the District of Colorado