The D.C. Circuit on Friday affirmed a $612 million jury verdict against the Federal Housing Finance Agency, Fannie Mae and Freddie Mac, agreeing with a lower court's finding that the jury was provided with "ample evidence" reasonably leading to its conclusion that FHFA improperly amended stock purchase agreements related to the companies.
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TOP NEWS

Fannie, Freddie Investors' $612M Trial Win Affirmed

By Katryna Perera

The D.C. Circuit on Friday affirmed a $612 million jury verdict against the Federal Housing Finance Agency, Fannie Mae and Freddie Mac, agreeing with a lower court's finding that the jury was provided with "ample evidence" reasonably leading to its conclusion that FHFA improperly amended stock purchase agreements related to the companies.

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Amazon Accused Of Poaching Warner Exec Under Contract

By Craig Clough

Warner Bros. Discovery sued Amazon in Los Angeles court alleging it poached one of its executives despite her being under contract in "blatant disregard" of the law, and said the move is part of a pattern of behavior of inducing Warner executives to breach their employment agreements.

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FDA, CDC Broaden Cyclospora Outbreak To 9 States

By Emily Field

The U.S. Food and Drug Administration and the Centers for Disease Control and Prevention said Friday that the investigation into the ongoing cyclospora outbreak linked to iceberg lettuce has now expanded into four more states, bringing the total to nine.

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Onsemi Beats Securities Suit Over Supply Deal Statements

By Sydney Price

Semiconductor manufacturing company Onsemi has beaten a shareholder's suit accusing it of misleading investors about the value of its long-term customer contracts, with an Arizona federal court ruling that the third version of the complaint suffers from the same pleading defects as its predecessors.

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Amundsen Davis Sued For Malpractice Over Nobu Hotel Case

By Celeste Bott

Amundsen Davis is facing a lawsuit in Illinois federal court from the romantic partner of a construction executive convicted of misusing millions intended for Chicago's Nobu Hotel, alleging the firm failed to notify her of a roughly $750,000 turnover judgment entered against her personally before the window to appeal expired.

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REAL ESTATE & DEVELOPMENT

Cushman & Wakefield 401(k) Climate Risk Suit Shipped To Ill.

By Isaac Monterose

A proposed class action accusing commercial real estate services giant Cushman & Wakefield of mismanaging its 401(k) plan by including a fund that ignores climate change-related financial risks has been transferred to Illinois federal court by a Washington federal judge, according to a recently filed order.

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Roundup

UK Litigation Roundup: Here's What You Missed In London

By Megan Norcott

The past week in London has seen financial advice firm Smith Square Partners sue ailing social housing company Home REIT, Pogust Goodhead hit with a contract claim by one of its investors, and Entain faced with its latest claim in expanding litigation linked to alleged bribery at its former Turkish business. Here, Law360 looks at these and other new claims in the U.K.

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INSURANCE

Cornerstone, Old Republic Partly Settle $9.8M Coverage Suit

By Matthew Santoni

A building products manufacturer has settled its coverage dispute with Old Republic Insurance Co., though its claims against Berkshire Hathaway Specialty Insurance Co., seeking $9.8 million in coverage for defense and settlement costs in other litigation, remain unresolved.

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Insurer Hit With Bad Faith Suit In 'Grow-House' Fire Claim

By Jonathan Capriel

Two landlords are demanding their insurance company pay for needed repairs to their Los Angeles area property after a renter's illegal cannabis growing setup sparked a fire, according to a lawsuit filed in California state court, accusing the provider of wrongfully denying coverage for fire-related repairs by reclassifying them as tenant damage.

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CONSUMER PROTECTION

Microsoft Seeks To Pause Or Exit Teams BIPA 'Voiceprint' Suit

By Rachel Riley

Microsoft urged a Washington federal judge Thursday to pause a proposed class action alleging its Teams software illegally intercepts meeting participants' "voiceprints" and force several of the Illinois residents to arbitrate their claims individually, or else dispose of the revised complaint entirely on the grounds that the plaintiffs still haven't detailed their interactions with the challenged feature.

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INTELLECTUAL PROPERTY

Spotify 'Slow-Rolled' Discovery In Audiobook Case, Court Told

By Elliot Weld

A nonprofit royalties distribution group said Spotify has "slow-rolled" discovery in a case challenging its new method for calculating artist royalties and asked a Manhattan federal judge to order the streaming giant to produce key documents.

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Big Fish Can't Pursue Apple Store Takedown, Dev Says

By Elliot Weld

An Armenian game developer accused of withholding source code belonging to Big Fish Games urged a Washington federal judge Friday to block the company's attempt to have games removed from the Apple Store.

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EMPLOYMENT

Colo. Doctor Says Billing Co. Skimmed Pay, Mishandled Data

By Benjamin Morse

A Colorado doctor has sued a medical billing company in state court, saying it mishandled patients' protected health information, skimmed her earnings and tried to pressure her into signing a new agreement allowing it to keep more collections after she left.

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COMPETITION

Live Nation Says Nielsen Ruling Doesn't Help State AGs

By Matthew Perlman

Live Nation is pushing back after state enforcers told a New York federal court that a recent Second Circuit ruling in a case against Nielsen supports their antitrust claims, saying the ruling instead supports its bid to undo the jury verdict.

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DEALS

Cement Co. Can't Undo $54M Arbitration Award, Judge Says

By Caroline Simson

A New York federal judge concluded Thursday that an arbitral tribunal did not disregard the law by allowing claims asserted by a Mexican cement company to proceed despite a statute of limitations issue, in a long-running dispute stemming from the 2011 sale of a Bolivian cement company.

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CANNABIS

5th Circ. Affirms Defeat Of French Co.'s Bid For Exxon Docs

By Jack McLoone

A Texas federal court provided sufficient reasoning for its decision to quash a request to subpoena Exxon Mobil Corp.'s records for use in a French derivative suit alleging mismanagement of a former affiliate, a Fifth Circuit panel affirmed.

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HEALTHCARE & LIFE SCIENCES

CVS Seeks Toss Of Hospitals' 340B Suits In NY, Mich.

By Hope Patti

CVS urged New York and Michigan federal courts to toss separate suits brought by hospital operators accusing the health giant of diverting savings from the federal 340B Drug Pricing Program to itself, saying the suits purport to raise key questions about the program when they actually concern simple contract disputes.

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EXPERT ANALYSIS

Class Actions At The Circuit Courts: July Lessons

In this month's review of class action appeals, Mitchell Engel at Shook Hardy discusses four recent rulings involving wage and hour allegations, medical care for incarcerated individuals, oil and gas royalty payments, and nuisance claims.

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Opinion

USCIS Delays Shouldn't Mean Detention For EB-5 Investors

Some EB-5 investors with pending petitions were recently detained amid a surge in immigration arrests, but when only U.S. Citizenship and Immigration Services can resolve a respondent's status, immigration courts shouldn't retain cases they can't decide, and detention shouldn't replace adjudication, says Jun Li at Reid & Wise.

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LEGAL INDUSTRY

Goldstein Gets 6-Year Sentence, Bond Revoked

By Jared Foretek

Thomas Goldstein, the famed U.S. Supreme Court attorney and founder of SCOTUSblog whose turn into the world of ultra-high-stakes poker ultimately landed him federal tax and mortgage fraud convictions, was sentenced to six years in prison; he was taken into custody and out of court in handcuffs Friday.

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Disciplinary File Opened On Atty Repping Trump In IRS Fight

By James Boyle

A disciplinary file was opened recently on one of the attorneys representing President Donald Trump who helped him reach a deal with the Internal Revenue Service to settle a lawsuit that a Florida federal judge said was meant to "manipulate the judicial process."

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Patriot National CEO Wasn't Simpson Thacher Client, Jury Told

By Madison Arnold

Another Simpson Thacher & Bartlett LLP attorney took the stand Friday in a Florida malpractice trial brought by the founder of Patriot National Inc. to push back on the idea the founder was actually a client of the firm in the time leading up to his insurance services company declaring bankruptcy.

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Roundup

Balancing The Scales: Geofence Clarity, Post-Hunter Scrutiny

By Orlando Lorenzo

The U.S. Supreme Court deemed geofence warrants as searches under the Fourth Amendment, and the justices’ ruling in Hunter spurs a conversation of what the bar should be for criminal appeal waivers. Here, Law360 highlights access to justice stories arising from litigation, verdicts and judgments you may have missed.

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Feature

The White Collar Boutique 'Renaissance' Is Here

By Phillip Bantz

Unprecedented political pressure on BigLaw, dwindling opportunities at elite firms, powerful legal tech tools and broad slowdowns in white collar enforcement are fueling a remarkable boom in boutique law firm growth, experts say.

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Ex-Immigration Judge Says Firing Is Part Of Biased Anti-DEI Push

By Bonnie Eslinger

A former immigration judge has sued the U.S. Department of Justice in California federal court claiming she was pushed off the bench because she is Black and female, and previously advocated for immigrant clients as an attorney — and saying dozens of similarly situated judges were also fired or denied permanent positions.

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Ala. State Bar Sets Guidance For Atty AI Use, Billing

By Emily Sawicki

The Alabama State Bar has released a formal opinion to guide attorneys on the ethical use of artificial intelligence, cautioning lawyers to be transparent with their clients about their use of AI to avoid unethically inflated billing while encouraging attorneys to utilize the evolving technology.

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'False Innuendo': Sanctioned Davis Wright Atty Rips Fee Bid

By Jeff Overley

A Davis Wright Tremaine LLP partner sanctioned for subpoena tactics is fiercely contesting a plaintiffs firm's six-figure fee bid, telling a California federal court that the request misleadingly cites alleged misconduct in separate litigation, reflecting a "naked attempt to prejudice the court's view of counsel."

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Over 100 Legal Aid Staffers Strike In Harlem And The Bronx

By Andrea Keckley

Over 100 legal aid attorneys, social workers and advocates in Harlem and the Bronx went on strike Friday, with the possibility of more to come in the New York City area.

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GC Cheat Sheet: The Hottest Corporate News Of The Week

By Sue Reisinger

General counsel are gearing up again to help their companies adapt to the impact of a new round of U.S. tariffs. And the chief legal officer of Alphabet and Google lashed out at the European Commission over search engine changes it is demanding, after the EU imposed a $1 billion fine on Google for violating competition laws.

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Law360's Legal Lions Of The Week

By Kevin Penton

Sullivan & Cromwell LLP and McGuireWoods LLP lead this week's edition of Law360 Legal Lions, after the Fourth Circuit reversed class certification in an investor lawsuit against Boeing over the company's alleged concealment of safety issues with its 737 Max fleet.

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In Case You Missed It: Hottest Firms And Stories On Law360

For those who missed out, here's a look back at the law firms, stories and expert analyses that generated the most buzz on Law360 last week.

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LAW FIRMS IN TODAY'S NEWS

Adams Duerk

Addleshaw Goddard

Amundsen Davis

Arnold & Porter

Ashurst Perkins

Bailey Cavalieri

Baker McKenzie

Bernstein Litowitz

Bertling Law Group

Boies Schiller

Bray & Krais

Brito PLLC

Burns Charest

Bush Seyferth

Butler Snow LLP

Byrnes Keller

CMS Cameron McKenna

Clarick Gueron

Cleary Gottlieb

Clifford Chance

Clyde & Co

Cohen Milstein

Conrad & Scherer

Cooley LLP

Cooper & Kirk

Covington & Burling

Cravath Swaine

DAC Beachcroft

DLA Piper

DWF LLP

Davis Wright Tremaine

Dechert LLP

Egality Law

Eversheds Sutherland

Faegre Drinker

Fieldfisher

Fox Williams

Frier Levitt

Furley Page

Gibson Dunn

Gilbert Employment Law

Gordon Rees

Gornitzky & Co.

Grant & Eisenhofer

Haun Mena

Helsell Fetterman

Hinshaw & Culbertson

Hogan Lovells

Holland & Knight

Holtzman Vogel

Ice Miller

Jones Day

Keller Rohrback

Kennedys Law LLP

Kessler Topaz

King & Ruiz

King & Spalding

Kirkland & Ellis

Knobbe Martens

Labaton Keller

Latham & Watkins

Levi & Korsinsky

Levin Law PA

Lewis Silkin

Lowell & Associates

Lynch Thompson

McGovern Weems

McGuireWoods

Mishcon de Reya

Morgan Lewis

Munger Tolles

Nabarro LLP

Nelson Mullins

O'Melveny & Myers

Ogletree Deakins

Osborn Maledon

Patterson Belknap

Paul Weiss

Pinsent Masons

Pogust Goodhead

Proskauer Rose

Quinn Emanuel

Reed Smith

Reid & Wise

Reynolds Porter

Rosing Pott

Scott Douglass

Shakespeare Martineau

Shaver Legal

Shook Hardy

Shoosmiths LLP

Simons Muirhead Burton

Simpson Thacher & Bartlett

Skadden Arps

Smith Anderson Blount Dorsett Mitchell & Jernigan

Smith Krivoshey

Smith Square Partners LLP

Stearns Weaver

Stephens Scown

Sullivan & Cromwell

Treanor Devlin Brown

Troutman

Venable LLP

Weightmans LLP

Werner Ahari

Wheeler Trigg

White & Case

Williams & Connolly

Willkie Farr

WilmerHale

Winston Taylor

Wyrick Robbins

gunnercooke LLP

COMPANIES IN TODAY'S NEWS

A.P. Moller-Maersk

APC

AT&T Inc.

Adobe Inc.

Advanced Micro Devices Inc.

Alphabet Inc.

Amazon.com Inc.

American Arbitration Association

American Bar Association

Apple Inc.

Aypa Power

Berkshire Hathaway Energy GT&S

Big Fish Games Inc.

BriefCatch

British Broadcasting Corp.

Brookfield Asset Management Ltd.

Brooklyn Defender Services

Burford Capital LLC

CVS Health Corp.

Center for Family Representation Inc.

Centerview Partners Holdings LP

Comcast Corp.

Compass Minerals International, Inc.

Concord

Cornerstone Building Brands

Cumulus Media Inc.

Cushman & Wakefield Inc.

DaVita Inc.

Deloitte Touche Tohmatsu Ltd.

Democracy Forward Foundation

Entain PLC

Exxon Mobil Corp.

Federal National Mortgage Association

Federated Hermes Inc.

Federation Internationale de Football Association

Found

Freddie Mac

Google LLC

Imperial Brands PLC

Imperial Tobacco

Instagram Inc.

Investments Ltd.

Jack In The Box Inc.

Johnson & Johnson

Ladbrokes PLC

LexisNexis Legal & Professional

Libyan Investment Authority

LinkedIn Corp.

Live Nation Entertainment Inc.

Marriott International Inc.

Masimo Corp.

McDonald's Corp.

Mechanical Licensing Collective

Mediterranean Shipping Co. SA

Mercedes-Benz USA LLC

Meta Platforms Inc.

Michigan State University

Microsoft Corp.

Mount Sinai Hospital

Nasdaq Inc.

National Grid PLC

Neighborhood Defender Service of Harlem

Nielsen Holdings PLC

Nike Inc.

ON Semiconductor Corp.

Old Republic Insurance Co.

Olive Garden

Orbit International Corporation

Patriot National Inc.

Perry Capital LLC

Pfizer Inc.

Planned Parenthood Federation of America Inc.

Porsche

Public Citizen Inc.

QUALCOMM Inc.

RELX PLC

Red Lobster Hospitality LLC

Samsung Electronics Co. Ltd.

Skydance Media LLC

Space Exploration Technologies Corp.

Spotify Technology SA

Stifel Financial Corp.

StubHub Inc.

Syngenta AG

Taylor Fresh Foods Inc.

The Associated Press

The Bronx Defenders

The Florida Bar

The Kroger Co.

The New York Times Co.

Uber Technologies Inc.

Virgin Media Inc.

Walmart Inc.

Warner Bros. Discovery Inc.

Warner Bros. Entertainment Inc.

Wexford Health Sources Inc.

GOVERNMENT AGENCIES IN TODAY'S NEWS

California Privacy Protection Agency

Centers for Disease Control and Prevention

Companies House

Cook County Circuit Court

Employee Benefits Security Administration

Equal Employment Opportunity Commission

European Commission

European Union

Executive Office for Immigration Review

Federal Communications Commission

Federal Housing Finance Agency

Food and Drug Administration

Internal Revenue Service

International Chamber of Commerce

Los Angeles Superior Court

Michigan Supreme Court

National Telecommunications and Information Administration

New Jersey Supreme Court

Office of the U.S. Trade Representative

Ohio Supreme Court

Serious Fraud Office

The Crown Prosecution Service

U.S. Citizenship and Immigration Services

U.S. Copyright Office

U.S. Court of Appeals for the District of Columbia Circuit

U.S. Court of Appeals for the Fifth Circuit

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. Customs and Border Protection

U.S. Department of Homeland Security

U.S. Department of Justice

U.S. Department of Labor

U.S. Department of the Treasury

U.S. District Court for the Central District of California

U.S. District Court for the District of Arizona

U.S. District Court for the District of Columbia

U.S. District Court for the District of Maryland

U.S. District Court for the District of Oregon

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

U.S. District Court for the Eastern District of North Carolina

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 Southern District of West Virginia

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

U.S. House of Representatives

U.S. Immigration and Customs Enforcement

U.S. Securities and Exchange Commission

U.S. Senate

U.S. Supreme Court

UK High Court

United Nations

United States District Court for the District of Kansas