A California federal judge granted the U.S. Securities and Exchange Commission a summary judgment win Wednesday in the commission's suit accusing a Los Angeles businessman of running two securities fraud schemes involving investments in U.S.-based hotels, saying it was clear the co-founder made material false statements to investors.
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THURSDAY, OCTOBER 22, 2026 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

SEC Nabs Ruling Against Man Behind Hotel Investment Fraud

By Rae Ann Varona

A California federal judge granted the U.S. Securities and Exchange Commission a summary judgment win Wednesday in the commission's suit accusing a Los Angeles businessman of running two securities fraud schemes involving investments in U.S.-based hotels, saying it was clear the co-founder made material false statements to investors.

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Keurig Judge Aims Trimmed K-Cup Antitrust MDL Toward Trial

By Lauren Berg

A New York federal judge trimmed claims in multidistrict litigation accusing Keurig Green Mountain of anticompetitively cutting out rivals with exclusive dealings and exclusionary product design, but sent to trial a number of monopolization, tying and false advertising allegations, according to an order unsealed Tuesday.

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Ex-Holtec CFO Wins $2.1M Verdict On Whistleblower Claim

By George Woolston

A New Jersey state jury on Wednesday found that nuclear services company Holtec International violated the state's whistleblower law when it fired its chief financial officer days after he objected to what he believed were false and misleading statements in a document meant for a potential investor, awarding him $2.1 million in economic damages.

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Anthropic's Lyric 'Mash Up' May Be Fair Use, Judge Says

By Dorothy Atkins

A California federal judge Wednesday appeared open to Anthropic's defense that using copyrighted song lyrics to train Claude AI is fair use, saying during a daylong hearing that "mash-up" lyrics produced by AI might constitute fair use while also questioning how to "slice and dice" the case's scope.

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Iran Money Trail Takes Center Stage At Huawei's RICO Trial

By Stewart Bishop

The federal jury in Brooklyn weighing Huawei's fate for days heard testimony about the money trail, or lack thereof, from the company's purported Iranian unit and the Chinese telecommunications giant's U.S. payroll, as one of its defenses in the sanctions and trade secret theft trial began to take shape.

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REAL ESTATE & DEVELOPMENT

Data Center Co. Looks To Toss Investors' Gas Wells Suit

By Isaac Monterose

A data center infrastructure company told a Texas federal court to toss a proposed securities fraud class action that accused the company of damaging its stock value because of a hidden gas well transfer deal and a fraud lawsuit filed by New Mexico.

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ENERGY & ENVIRONMENTAL

Vendor Says Nonprofit Pulled Millions In Mass. Energy Funds

By Julie Manganis

A Massachusetts heating and cooling contractor says in a state court lawsuit that it committed millions of dollars toward boosting participation from low-income homeowners in a ratepayer-funded energy efficiency program, only to have the nonprofit agency administering the program unilaterally change the terms of its agreement to reallocate funds and contracts to other companies.

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US Steel Says Insurers Must Cover Utah Mill Cleanup Costs

By Hope Patti

U.S. Steel said its excess insurers must cover millions of dollars in mounting costs to investigate and clean up contamination at a long-closed steel mill in Utah, telling a Pennsylvania state court that several carriers have refused to pay out under their policies.

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INSURANCE

NC Panel Affirms $10 Nominal Damages In Insurance Fight

By Danielle Ferguson

A split North Carolina appellate panel Wednesday affirmed $10 in nominal damages to a receiver in an insurance dispute, agreeing with a lower court that the receiver for a driver named in an injury suit did not show the driver suffered additional actual damages from the insurer's failure to defend.

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CONSUMER PROTECTION

Target Is 'Healthwashing' Electrolyte Drink Powder, Suit Says

By Gina Kim

Target is accused of "healthwashing" its Up & Up brand electrolyte drink powder supplement mix by labeling it as though it's sugar-free, despite the presence of allulose, an ingredient the Seventh Circuit recently confirmed is a sugar, according to a proposed class action filed Tuesday in Illinois federal court.

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SECURITIES & WHITE COLLAR

Snap Financial Reaches $664M Settlement With Red States

By Spencer Brewer

Consumer financial services company Snap Financial on Wednesday agreed to pay $664 million to 17 Republican-led states to end claims that it used misleading disclosures about its leasing arrangements.

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Fund Manager Challenges Chancery's Congo Palm Oil Ruling

By Jarek Rutz

An investment fund manager and three affiliated entities urged the Delaware Supreme Court Wednesday to overturn a ruling that stripped them of interests in a Congolese palm oil business, arguing it handed fellow investor Kuramo Capital Management LLC an enormous windfall, while Kuramo defended the unusual remedy as necessary to protect its investment from the manager's misconduct.

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COMPETITION

2022 College Athletes Say NCAA Rehashes Failed Arguments

By Zach Dupont

A group of Division II and Division III athletes asked a Colorado federal judge Tuesday to not toss their proposed class action against the NCAA seeking a fifth season of competition eligibility, arguing the college sports governing body rehashed arguments that were already rejected in a different case in its motion to dismiss.

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X Says OpenAI Can't Nix IPhone Placement Antitrust Case

By Bryan Koenig

X Corp. and SpaceXAI urged a Texas federal judge Wednesday not to let OpenAI scrap their lawsuit targeting a deal integrating ChatGPT into Apple devices, arguing any attempts to paint the deal as nonexclusive or show it hasn't completely foreclosed the market are factual disputes left to the jury.

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Verisk Denies Fault For Canceled $2.35B AccuLynx Deal

By Jarek Rutz

Verisk Analytics Inc. urged the Delaware Supreme Court on Wednesday to let it abandon its $2.35 billion acquisition of roofing software company AccuLynx, arguing a lower court wrongly blamed it for federal antitrust delays, while AccuLynx insisted the company must keep working to close the deal.

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CANNABIS

NY Hemp Seller's Seizure, Arrest Suit Sent Back To State Court

By Mike Curley

A New York federal judge has remanded to state court a hemp seller's suit against New York City and two of its officers alleging that they wrongfully seized a hemp shipment and then arrested one of the seller's owners, after dismissing the last remaining federal claim.

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Stiiizy Affiliate Sues Over Cannabis Shop Control

By Jonathan Capriel

A Stiiizy-affiliated investment company is asking a Los Angeles state court to declare it owes nothing to a minority owner of a San Francisco dispensary that finds itself in the red, according to a lawsuit that also accuses him of engaging in a power grab that could jeopardize the shop's cannabis license.

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TRANSPORTATION

Boeing, Supplier Get Punitive Damages Cut In Door Plug Suit

By Tom Lotshaw

A Washington federal judge ruled Boeing and supplier Spirit AeroSystems do not have to face punitive damages claims from a mother and son who sued them over a midair door plug blowout on a flight departing from Oregon.

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EXPERT ANALYSIS

Immunity May Not Protect Gov't-Backed Cyber Operators

Companies considering participation in a National Coordination Center program that authorizes private actors to conduct offensive cyber operations on the government’s behalf should understand the limits of sovereign immunity and the operational and legal risks lurking in the details and undefined parameters of the program, say attorneys at Steptoe.

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LEGAL INDUSTRY

The Law360 Pulse Leaderboard: A Look At The Top Firms

By Rachel Reimer

What makes a firm stand out in the ever-changing legal landscape? Here's a peek at the 2026 Law360 Pulse Leaderboard — the firms that can demonstrate excellence on measures of prestige and the reach and capability of their legal practice.

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Watchdog Can Pursue Jackson Walker Fees, Judge Says

By Clara Geoghegan

The U.S. Trustee's Office has standing to pursue millions of dollars in fees paid to Jackson Walker LLP in cases assigned to a judge who was in an undisclosed romantic relationship with one of the firm's ex-partners, a Texas bankruptcy court has concluded.

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6th Circ.'s Sutton Floats Class Action Limits At Judiciary Panel

By Jeff Overley

An influential federal judge is proposing new restrictions on class actions that aim to broadly block government policies, judiciary advisers heard at a Wednesday gathering, which also explored transparency ideas affecting legal finance and hard-to-access court records in the red-hot realm of immigration litigation.

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Ex-Employee Of Seyfarth Client Drops Suit Over Data Breach

By Craig Clough

A Texas woman who filed a proposed class action against Seyfarth Shaw LLP over a data breach voluntarily dropped the claims Tuesday without prejudice, according to a filing in Illinois federal court. 

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DOJ Moves To Remove Minn. Judges From Immigration Cases

By Britain Eakin

A top U.S. Department of Justice official has moved to disqualify two Minnesota federal judges from immigration cases, arguing that interviews they gave to The New York Times about the Trump administration's immigration enforcement efforts suggest they can't be impartial.

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FBI Says Fired Agents Acted In Politicized Manner

By Aneeta Mathur-Ashton

Lawyers for the government argued in a Washington, D.C., federal court Wednesday that an unfair firing suit from two former FBI agents should be tossed because they worked in a politicized manner on the "Arctic Frost" investigation into President Donald Trump's attempts to overturn his 2020 election loss.

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Sen. Blackburn Clears Path For Trump's Tenn. Court Nominee

By Courtney Bublé

Sen. Marsha Blackburn, R-Tenn., has returned her blue slip for a judicial nominee for the Eastern District of Tennessee after an apparent delay.

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​​​​​​​Mamdani Taps Top Judicial Adviser Amid New Ethics Reforms

By Andrea Keckley

New York Mayor Zohran Mamdani announced Tuesday that he has appointed a lawyer from the New York University School of Law's Brennan Center for Justice to lead his judicial advisory committee as the mayor's office unveils new reforms to the city's judicial selection process.

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McCarter Beats Estate's Bid To Start $9.75M Interest Clock

By Brian Steele

A Connecticut state court judge has blocked a mall developer's family from filing a formal offer to settle a malpractice suit against McCarter & English LLP for $9.75 million, standing by a November 2025 decision to pause the case while similar litigation proceeds to trial.

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LAW FIRMS IN TODAY'S NEWS

Abrams & Bayliss

Alston & Bird

Ashurst Perkins

Axinn

Bartlit Beck

Bennett Guthrie

Brown Pruitt

Bruner Bruner

Buchanan Ingersoll

Cantey Hanger

Casey Law Firm

Cleary Gottlieb

Condon Tobin

Cooley LLP

Cooper & Kirk

Covington & Burling

Dan Johnson Law Group

Dorsey & Whitney

Fox Rothschild

Gibson Dunn

Glenn Agre

Grant & Eisenhofer

Greenberg Traurig

HGT Law

Holland & Knight

Holmes Athey

Jackson Walker LLP

Javerbaum Wurgaft

Jenner & Block

Jones Day

Kelly Hart

King & Spalding

Kirkland & Ellis

Kleinberg Kaplan

Koskoff Koskoff

Latham & Watkins

Laukaitis Law

Law Office of William Igbokwe

Lynn Pinker

McCarter & English

Morgan Lewis

Moritt Hock

Morris Nichols

Motley Rice

Norton Rose

Oppenheim & Zebrak

Prickett Jones

Reed Smith

Robins Kaplan

Rosen Law Firm PA

Rubenstein & Rynecki

Rusty Hardin

Seyfarth Shaw

Sidley Austin

Skadden Arps

Steptoe LLP

Stokes Lawrence

Strauss Borrelli

Troutman

Vinson & Elkins

Wachtell Lipton

White & Stradley

White and Williams

Wiggin & Dana

Wilkinson Stekloff

WilmerHale

Winston Taylor

COMPANIES IN TODAY'S NEWS

Action for Boston Community Development Inc.

Active Cyber

Anthropic PBC

Apple Inc.

Bay Valley Foods LLC

Brennan Center for Justice

Burford Capital LLC

Burke Inc.

China Construction Bank

Chobani LLC

Christy Sports LLC

Cisco Systems Inc.

Citigroup Inc.

Concord Music Group Inc.

Costco Wholesale Corp.

Deer Valley Resort Co.

FedEx Corp.

Futurewei Technologies Inc.

GitHub Inc.

Google LLC

Granite State Insurance Co.

HSBC Holdings PLC

Holtec International Inc

Huawei Technologies Co. Ltd.

Industrial & Commercial Bank of China Ltd.

International Legal Finance Association

Keurig Dr Pepper Inc.

Lawyers for Civil Justice

Lloyd's America Inc.

McLane Co. Inc.

Microsoft Corp.

NFL Enterprises LLC

National Collegiate Athletic Association

National Grid PLC

New York City Bar Association

New York University

OpenAI OpCo LLC

PHC Inc.

Parabellum Capital LLC

ServiceTitan Inc.

Singapore Exchange Ltd.

Space Exploration Technologies Corp.

Spirit AeroSystems Holdings Inc.

T-Mobile US Inc.

Target Corp.

The Boeing Co.

The New York Times Co.

Thomson Reuters Corp.

TreeHouse Foods Inc.

United States Steel Corp.

Verisk Analytics Inc.

X Corp.

GOVERNMENT AGENCIES IN TODAY'S NEWS

California Attorney General's Office

City of New York

Delaware Court of Chancery

Federal Aviation Administration

Federal Bureau of Investigation

Federal Trade Commission

Food and Drug Administration

Iowa Attorney General's Office

Judicial Conference of the United States

National Transportation Safety Board

Nebraska Attorney General's Office

Oklahoma Attorney General's Office

Superior Court of Massachusetts

Texas Attorney General's Office

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

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 Homeland Security

U.S. Department of Justice

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

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

U.S. District Court for the District of Columbia

U.S. District Court for the District of Minnesota

U.S. District Court for the District of New Jersey

U.S. District Court for the Eastern District of New York

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

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 Northern District of Texas

U.S. District Court for the Southern District of New York

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

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

U.S. Environmental Protection Agency

U.S. Securities and Exchange Commission

U.S. Supreme Court

United States District Court for the District of Colorado

Utah Department of Environmental Quality