California federal jurors weighing Elon Musk's challenge to OpenAI's for-profit conversion on Thursday watched prerecorded testimony from a former OpenAI board member who voted to oust CEO Sam Altman in 2023 over concerns his pattern of lies and deception fostered a "toxic culture of lying."
California federal jurors weighing Elon Musk's challenge to OpenAI's for-profit conversion on Thursday watched prerecorded testimony from a former OpenAI board member who voted to oust CEO Sam Altman in 2023 over concerns his pattern of lies and deception fostered a "toxic culture of lying."
The former CEO of Texas financial services firm Beneficient was convicted by a Manhattan federal jury on Thursday of securities fraud and other charges connected with a scheme to fraudulently loot more than $150 million from now-defunct GWG Holdings, a publicly traded company for which he served as chairman.
The U.S. Department of Justice is correct that having a patent included in a standard does not necessarily give the patentholder market power, Netlist said in defending itself against Samsung's lawsuit accusing it of exploiting a standard-setting process.
A New York federal judge asked state enforcers on Thursday to outline the remedies they intend to seek from Live Nation, along with the discovery they expect to need, before deciding a schedule for the next steps in the antitrust case against the major live entertainment company.
A U.S. Navy service member has accused tax preparer Jackson Hewitt Inc. of overcharging military clients for short-term loans tied to tax refunds, claiming in a proposed class action the company's effective interest rates for "refund anticipation loans" exceed what is allowed under the federal Military Lending Act.
A New York federal judge on Thursday sanctioned personal injury firm Betz & Baril PLC and its referral partner ClickFunds for misleading would-be class members in long-running antitrust litigation against Visa and Mastercard, ordering the firm and ClickFunds to notify clients about the misinformation.
Litigants involved in benefits cases that involve novel or significant pension-related issues can now ask the Pension Benefit Guaranty Corp. to lodge briefs shedding light on their disputes, the PBGC announced Thursday.
An insurer is not on the hook for more than $330,000 in defense costs that a commercial real estate company and its manager incurred in arbitration with investors, a Washington federal court ruled Thursday, saying the company failed to show that the costs arose from covered fiduciary duty claims.
Venezuela's state-owned oil company has insisted it has no way to repay some $95 million in debt to bondholders due to banks being unwilling to work with it given the pariah status of the Venezuelan government.
A crop insurance provider owes two farmers for the cost of arbitration proceedings and other damages they suffered after the insurer tried to halve their recovery for a tobacco crop-related loss, according to a complaint filed in North Carolina federal court.
Truist Bank Inc. urged a Georgia state court to dismiss a suit from an Atlanta-based law firm accusing the bank of honoring a fraudulent $34,000 check, arguing the firm agreed to arbitrate such claims.
The Screen Actors Guild-American Federation of Television and Radio Artists and its intellectual property rights distribution fund are seeking to escape a singer's lawsuit filed in California federal court claiming underpayment for his vocals in a song used in the film "Furious 7," arguing the claims are barred by federal law.
Though Blake Lively and Justin Baldoni have settled her claims accusing his production company of orchestrating a smear campaign after she accused her "It Ends With Us" co-star of sexually harassing her, the actress' attorneys told a New York federal judge Thursday that there's still a dispute over damages and fees.
Connecticut investment firm TJT Capital Group LLC and its one-time chief compliance officer have settled a lawsuit accusing the former executive of taking 125 clients with $70 million in assets under management when he left for a new job, federal court records show.
A Virginia federal judge denied Zillow and Redfin's bid Wednesday to toss the Federal Trade Commission's suit accusing the companies of colluding through a $100 million payment to stop competing on multifamily rental listings, ruling that the "fact-intensive nature" of the commission's complaint justifies it surviving past the pleading stage.
An attorney for Nielsen urged a Second Circuit panel Thursday to undo an order, which is currently stayed, effectively blocking it from conditioning media company Cumulus' access to national radio ratings data on buying its local offerings.
A New York engineering and design firm that contracted to reconstruct a 10-mile stretch of Interstate 70 in Denver asked a Colorado state jury to award it $32.5 million for breaches it says a subcontractor made during the project's course.
The Delaware Chancery Court on Thursday refused to fast-track Kaman Aerospace Corp.'s lawsuit against Falcon Jacksonville LLC or issue a temporary restraining order requiring Falcon to keep supplying Boeing, finding that the dispute is better suited for a damages case than emergency court intervention.
Hemp company Oregon AG Service LLC is suing a logistics company and delivery service in Oregon federal court, alleging that the delivery service stole and then sold for its own profit a hemp shipment valued at $2.5 million.
As first-quarter broker claims reports reveal that materiality disputes remain a key driver of representations and warranties insurance claims, the scarce case law in this area indicates that including a materiality scrape provision in an RWI policy may aid policyholders with recovery, say attorneys at Reed Smith.
My passion for speed puzzling — I can complete a 500-piece jigsaw puzzle in under 50 minutes — has sharpened my legal skills in more ways than one, with both disciplines requiring patience, precision and the ability to keep the bigger picture in mind while working through the details, says Tazia Statucki at Proskauer.
A Fourth Circuit panel seemed to struggle Thursday with what one judge described as a "draconian" contempt order against a Womble Bond Dickinson partner, with the panel nudging counsel for both sides toward a simpler solution that wouldn't force the court's involvement.
A former Jackson Walker LLP partner said Thursday that she should be dropped from a suit accusing her, a former Texas bankruptcy judge she had a secret relationship with and multiple law firms of fomenting "mass corruption" in Houston's bankruptcy court.
A former Buchalter PC shareholder has agreed to pay $71,625 to settle the U.S. Securities and Exchange Commission's allegations he purchased stock ahead of Apollo Global Management's $1.5 billion acquisition of Bridge Investment, which the commission said he was representing in an unrelated matter at the time.
Former FBI Director James Comey has added a North Carolina white collar defense pro to his legal team fighting an indictment by the Trump administration over a social media post last year that prosecutors characterized as a threat of violence against the president, according to a court filing on Thursday.
Buckle up: Efforts to modernize evidentiary rules amid artificial intelligence fears are getting bumpy, as judiciary advisers Thursday agreed to dramatically delay action while digesting an AI survey of nearly 1,000 judges and organizing a symposium of litigators and tech pros.
A Second Circuit judge hinted Thursday that a trial judge may have erred in rejecting a retirement-fund garnishment deal that would have protected Martin Shkreli's convicted former lawyer from a potential $1 million "punitive tax event."
The U.S. International Trade Commission's proposed rule to require disclosure of litigation funding in intellectual property cases could bring more transparency to disputes and promote settlements, but it could also discourage some suits if it's not carefully tailored, attorneys say.
A North Carolina federal judge dismissed a suspended attorney's lawsuit against a State Bar Disciplinary Hearing Commission member he accused of bias and due process violations, finding Thursday that the defendant is entitled to absolute quasi-judicial immunity.
White collar compliance is getting trickier for companies that do business in Latin America, according to experts, who say they are seeing big shifts in the region connected to cartel crackdowns and efforts to strengthen corporate regulations, including relatively recent pushes for voluntary self-disclosure.
