A McCarter & English LLP attorney botched two multimillion-dollar loan deals by failing to secure an ironclad repayment obligation from a New York town or include mandatory documents in the closing packages, a Connecticut state court heard Monday as a long-awaited malpractice trial got underway.
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WEDNESDAY, JULY 1, 2026 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

McCarter & English Missed Key Docs In $20M Loans, Court Told

By Brian Steele

A McCarter & English LLP attorney botched two multimillion-dollar loan deals by failing to secure an ironclad repayment obligation from a New York town or include mandatory documents in the closing packages, a Connecticut state court heard Monday as a long-awaited malpractice trial got underway.

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Justices Pass On Samsung's Texas Battery Jurisdiction Fight

By Jonathan Capriel

The U.S. Supreme Court on Monday declined to review litigation regarding a Samsung SDI Co. battery that exploded in a man's pocket, leaving unanswered a multi-appellate court split over whether a company that sells products into a state can avoid jurisdiction by claiming it intended the goods to be sold to corporate clients and not general consumers.

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Director Gets 2½ Years For 'Brazen' $11M Netflix Fraud

By Pete Brush

A Manhattan federal judge sentenced a Hollywood director to 2.5 years in prison Monday, after a jury convicted him of taking $11 million from Netflix for a show that was never finished and squandering money on stock bets and luxuries.

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Calif. Firm Can't Arbitrate Ex-Clients' Sex-Abuse Deal Claims

By Bonnie Eslinger

A California appellate court Monday said McGrath Kavinoky LLP can't arbitrate allegations it "bullied" two women into accepting a $374 million settlement for hundreds of clients claiming sexual abuse by a UCLA Health gynecologist, saying the firm's failure to obtain consent to the foreseeable conflicts made its engagement agreements unenforceable.

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Catching Up With Delaware's Chancery Court

By Jarek Rutz

The Delaware Chancery Court this past week handled disputes involving controlling stockholders, executive compensation, take-private transactions, books and records demands and board governance, while the Delaware Supreme Court issued decisions in two corporate records cases previously decided in the Chancery.

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INSURANCE

No Coverage For Bank's $240M Overdraft Deal, Insurers Say

By Hope Patti

A group of insurers doesn't owe coverage to Truist Bank for a $240 million settlement of a consumer class action stemming from its predecessor's overdraft charges, the carriers told a North Carolina federal court, saying the deal doesn't constitute "damages" as defined by the policies.

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Insurer Says Firm, Atty Not Covered For Malpractice Claim

By Hope Patti

A Georgia law firm and attorney are not entitled to coverage for a legal malpractice claim brought by a former client who said their handling of an underlying lawsuit resulted in a nearly $600,000 default judgment against him, the firm's professional liability insurer told a federal court.

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Brief

Insurers Seek NJ Mass Tort For No Surprises Act Suits

By George Woolston

Five of the largest health insurers in the Garden State have asked the New Jersey Supreme Court to designate 160 pending cases seeking the enforcement of alleged independent dispute resolution payment determinations issued under the federal No Surprises Act as multicounty litigation, according to a notice to the Bar Association.

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CONSUMER PROTECTION

Justices Deny Samsung's Bid To Toss Minn. Battery Suit

By Mike Curley

The U.S. Supreme Court on Monday denied a petition from Samsung SDI Co. seeking to overturn a Minnesota appeals court ruling finding it must face a suit over an exploding vape pen battery.

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Roblox Says Fla. Addiction Suit Belongs In Arbitration

By Mike Curley

Roblox Corp. is asking a Florida federal court to stay and send to arbitration a suit alleging that its online platform exacerbates video game addiction in its users, saying the family behind the suit agreed to its arbitration clause dozens of times.

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INTELLECTUAL PROPERTY

Epic Games, Ex-Contractor Settle 'Fortnite' Leak Claims

By Abigail Harrison

"Fortnite"-maker Epic Games Inc. and an ex-contractor have settled the former's claims that the latter leaked secrets on social media, according to a motion Epic filed seeking a court order memorializing the parties' deal barring the ex-contractor from possessing or using its confidential information and trade secrets.

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MEDIA & ENTERTAINMENT

Ye Nears Deal To End Ex-Assistant's Sexual Harassment Suit

By Craig Clough

The rapper formerly known as Kanye West has reached a settlement-in-principle with a former assistant who accused him of sexually harassing her by sending her inappropriate and profane texts and by forcing her to watch him masturbate, attorneys for the parties told a Los Angeles judge Monday. 

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Argentine Singer Says Universal Illegally Distributed His Music

By David Minsky

Universal Music Group NV wrongly assumed it still owned the rights to distribute an Argentine singer's music after the termination of a distribution agreement, the singer told a Florida federal court Monday, saying UMG interfered in his contract with a new record label and owes him unpaid royalties.

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EMPLOYMENT

Talent Firm Says SheFit Ignored Advice During CEO Search

By Susan Smiley

Talent search firm ZRG Partners has asked a Michigan federal judge to toss a breach of contract suit brought by bra maker SheFit accusing the firm of making a multimillion-dollar flub in a CEO search, arguing the company ignored the firm's recommendation to interview several candidates.

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SECURITIES & WHITE COLLAR

BNY Mellon Investors Can Appeal Loss In Self-Dealing Suit

By Katryna Perera

A Pennsylvania federal judge has granted two Bank of New York Mellon investors' bid to appeal an order dismissing their claims that the bank breached investment management agreements by investing in underperforming mutual funds with which it was affiliated.

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GOVERNMENT CONTRACTS

Investor Seeks Dominican Republic Assets For $44M Award

By Elaine Briseño

A billionaire businessman is seeking to seize the Dominican Republic's assets to satisfy a $43.7 million arbitral award stemming from the termination of a landfill concession, arguing that three months has elapsed since the D.C. federal court issued its order.

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Ex-Sales Director Says Fortive Unit Used RIF To Mask Firing

By Benjamin Morse

A former employee of a Fortive medical equipment subsidiary urged a Colorado federal judge to reject the unit and its parent's bid for an early win in her retaliation suit, saying evidence shows a restructuring masked her firing after she challenged government pricing violations.

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PRIVATE EQUITY

Harvey Gulf CEO Sued In Chancery Over Alleged Control Grab

By Jarek Rutz

Black Diamond-affiliated investment funds sued Harvey Gulf International Marine Inc.'s chief executive and other major stockholders in the Delaware Chancery Court, alleging they improperly orchestrated a stock transfer that gave CEO Shane J. Guidry majority control of the offshore vessel company.

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EXPERT ANALYSIS

Google Antitrust Case Puts Spotlight On De Facto Exclusivity

Mozilla's recent amicus filing in U.S. v. Google arguing that its agreement to make Google the default search engine did not amount to de facto exclusivity highlights the growing debate over traditional indicators of exclusivity, with implications for any business that uses rebates, preferred contracts or volume incentives, says Chris Gowen at WilmU Farnan School of Law.

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8 Ways 2026's Market Divide Is Rewriting Real Estate Risk

As construction activity increasingly concentrates in data centers, healthcare and other resilient sectors, real estate developers and their counsel in the second half of 2026 should consider earlier risk allocation and more protective contract terms, and expect greater pressure on labor, pricing and infrastructure, say attorneys at Cozen O'Connor.

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A Framework For Volume Dispute Damages In Oil, Gas M&A

With every major upstream oil and gas consolidation in recent years having resulted in minimum volume commitment disputes, experts testifying in such litigation must use a five-step framework for calculating lost profits that accounts for the option structure embedded in the contract, says Robert Foss at Hinds Feat Advisors.

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Ill. Law Firm MSO Bill Clashes With Court Power, Ethics Rules

An Illinois bill prohibiting law firms from certain business arrangements with management service organizations, sent to the governor for signature last week, encroaches upon the courts' constitutional powers and goes beyond the Illinois Rules of Professional Conduct in regulating investment in law-related services, says Matthew O’Hara at Smith Gambrell.

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LEGAL INDUSTRY

2 Ex-Clifford Chance Attys Say Firm Wants To Claw Back $6M

By Jake Maher

Two former practice group leaders at Clifford Chance LLP have sued in New York federal court alleging the firm is trying to claw back nearly $6 million in total from the pair after they moved to Sidley Austin LLP early this year.

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Trump Nominates Just Confirmed La. Judge For 5th Circ.

By Courtney Bublé

Judge Anna St. John has been on the federal bench for less than four months, and now she's being put forth for a higher court.

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McCarter Atty Says He Didn't Know NY Law Before $20M Deals

By Brian Steele

A onetime McCarter & English LLP partner in Hartford testified Tuesday that he did not research New York's municipal contracting laws before helping two insurers enter into doomed $20 million loan repayment agreements with a Long Island town, but contended that he was under no obligation to do so.

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NJ Assembly Passes Litigation Funding Disclosure Bill

By Jake Maher

The New Jersey Assembly passed a bill requiring the disclosure of third-party litigation funding arrangements on Tuesday by an overwhelming margin after similar pending legislation in the state Senate received pushback from trial lawyers and litigation finance representatives.

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Apple Gets High Court Review Of Epic Case Sanctions

By Bryan Koenig

The U.S. Supreme Court agreed Tuesday to take up Apple's challenge to a California federal court contempt order against it for violating a ban, won by Epic Games, on company policies that barred app developers from steering users to outside payment options.

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Analysis

Justices' Birthright Ruling Leaves Little Room For Congress

By Britain Eakin

The U.S. Supreme Court's 5-4 holding Tuesday that President Donald Trump's executive order limiting birthright citizenship is unconstitutional did more than invalidate the policy, it effectively foreclosed Congress from trying to implement the executive order through legislation, experts told Law360.

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High Court Scraps Caps On Coordinated Campaign Spending

By Katie Buehler and Jeff Overley

The U.S. Supreme Court on Tuesday struck down federal limits on political party spending in coordination with individual candidates, agreeing with a Republican-led challenge that the caps violate the First Amendment.

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Uber, FedEx Slam Pa. Law Firm Counterclaims In RICO Suit

By James Boyle

Philadelphia-based personal injury firm Simon & Simon PC and its founder have failed to support a counterclaim in Pennsylvania federal court saying Uber Technologies Inc. and FedEx Corp. filed a sham litigation and abused the legal process with their ongoing RICO complaint against the firm, the companies argued Monday.

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NY State Bar Wants New Bar Exam Rules For Emergencies

By Kevin Penton

Following two recent incidents that drew scrutiny over their handling, the New York State Bar Association is calling for new standardized protocols to be followed should emergencies occur during the administration of the bar exam.

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LAW FIRMS IN TODAY'S NEWS

Affeld England

Aylstock Witkin

Balch & Bingham

Bentley & More

Blank Rome

Bloom Firm

Campbell Killin

Chipman Brown

Clifford Chance

Clyde & Co

Councill Gunnemann

Cozen O'Connor

Cravath Swaine

Crowell & Moring

Curtis Mallet-Prevost

DeCaro Doran

Dowd & Dowd Ltd

Duane Morris

Elias Law Group LLP

Faegre Drinker

Frank & Frank Law

Freeman Mathis

GrayRobinson

Gupta Wessler

HSF Kramer

Harris Beach Murtha

Hedrick Gardner

Hogan Lovells

Hueston Hennigan

Jones Day

Kaufman Dolowich

Latham & Watkins

Loeb & Loeb

Martorell Law

McCarter & English

McGrath Kavinoky

Ogletree Deakins

Orrick Herrington

Peiffer Wolf

Perkins Coie

Pritzker Hageman

Reed Smith

Reeves Immigration Law Group

Robinson & Cole

Sheppard Mullin

Sidley Austin

Silver Golub

Simon & Simon PC

Smith Gambrell

Starr Butler

Stearns Weaver

Stradley Ronon

Venable LLP

Wiggin & Dana

Wiley Rein

Williams Mullen

Wolfe Law Miami

Zeman & Womble

COMPANIES IN TODAY'S NEWS

AXA XL Ltd.

Aetna Inc.

Amazon.com Inc.

American Bar Association

American Express Co.

American Immigration Lawyers Association

Amicus

Apple Inc.

BC Partners

BNY Mellon Investment Management

Brookfield Asset Management Ltd.

Brunswick Corp.

Cato Institute

Chevron Corp.

Chewy Inc.

Competitive Enterprise Institute

ConstructConnect Inc.

Consumer Attorneys of California

Coterra Energy Inc.

Democratic National Committee

Devon Energy Corp.

Discord Inc.

Epic Games Inc.

FedEx Corp.

First Capital, Inc.

Ford Motor Co.

Fordham University

Fortive Corp.

Gleason Corp.

Google LLC

Hamilton Lincoln

Horizon Blue Cross Blue Shield of New Jersey

Independence Blue Cross Inc.

Ingram Micro Holding Corp.

Instagram Inc.

International Centre for Settlement of Investment Disputes

International Legal Finance Association

Jones Lang LaSalle Inc.

Learning Resources Inc.

LinkedIn Corp.

Mercury General Corp.

Meritain Health Inc.

Microsoft Corp.

Mortgage Bankers Association

Mozilla Corp.

Netflix Inc.

New Jersey Association for Justice

New Jersey State Bar Association

New York State Bar Association

Platinum Equity LLC

Quikrete Holdings Inc.

Roblox Corp.

Samsung Electronics Co. Ltd.

Spectrum Management Holding Co.

Summit Materials Inc.

Summit Midstream Partners

TJC LP

Tampa Electric Co.

TerraForm Power Inc.

The Bank of New York Mellon Corp.

The Trade Desk Inc.

Truist Financial Corp.

UCLA Health System

Uber Technologies Inc.

Universal Music Group NV

Visa Inc.

Warner Music Group Corp.

Willis Towers Watson PLC

ZipRecruiter Inc.

GOVERNMENT AGENCIES IN TODAY'S NEWS

California Supreme Court

Delaware Court of Chancery

Federal Election Commission

Federal Trade Commission

Illinois General Assembly

Illinois Supreme Court

Los Angeles Superior Court

New Jersey Supreme Court

Texas Supreme Court

U.S. Attorney's Office for the Southern District of New York

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

U.S. Court of Appeals for the Fifth Circuit

U.S. Department of Justice

U.S. District & Bankruptcy Courts of Southern District of Texas

U.S. District Court for the District of Columbia

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

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

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 Georgia

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 Michigan

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

U.S. Senate

U.S. Sentencing Commission

U.S. Supreme Court

United States District Court for the District of Colorado