Trading firm Jane Street Group LLC sued rival Millennium Management LLC and two former employees in New York federal court Friday, alleging they stole a confidential trading strategy and have reaped "massive profits from this theft."
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TOP NEWS

Jane Street Says Millennium, Ex-Workers Stole Trade Secrets

By Henrik Nilsson

Trading firm Jane Street Group LLC sued rival Millennium Management LLC and two former employees in New York federal court Friday, alleging they stole a confidential trading strategy and have reaped "massive profits from this theft."

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Republicans Warn CFPB Against Pursuing Arbitration Rule 2.0

By Jon Hill

Two Republican lawmakers are cautioning the Consumer Financial Protection Bureau against heeding calls for another rulemaking to restrict arbitration provisions in consumer financial contracts, warning that such an effort would be a "significant abuse" of the agency's authority.

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ITC To Look Into Motorola's 5G IP Claims Against Ericsson

By Jared Foretek

Motorola is taking its 5G intellectual property battle with Ericsson to the U.S. International Trade Commission, with the agency agreeing to launch an investigation into Motorola's accusations of patent infringement against the Swedish company.

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Virgin Fest Wins $2M In Del. After Calif. Music Event Bust

By Jeff Montgomery

A festival-promoting interest of British billionaire Richard Branson's empire secured a $2 million judgment in Delaware's Superior Court Friday against a music festival producer, previously known as Kaaboo LLC, after a court finding that Kaaboo provided an unsupported, $10 million value for a California festival before Virgin Fest purchased the business.

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Gilstrap Rejects Jury Instruction Tweaks In Samsung Retrial

By Hailey Konnath

U.S. District Judge Rodney Gilstrap on Friday largely denied jury instruction requests made by both Samsung and G+ Communications ahead of a damages retrial in Texas federal court in litigation over wireless network patents, rejecting each company's ideas for limiting what's presented to jurors.

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Off The Bench

Off The Bench: Ohtani 'Victim' In Theft, Arbitration Nod To NFL

By David Steele

In this week's Off The Bench, Shohei Ohtani looks to get off the hook on sports-betting allegations while his former interpreter faces charges, the NFL wins a critical court victory in the Brian Flores lawsuit, and troubled WWE founder Vince McMahon cuts even more financial ties with the company.

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LEGAL ETHICS & MALPRACTICE

NJ Firm Wants Boardwalk Malpractice Suit Tossed For Good

By Carla Baranauckas

Hankin Sandman Palladino Weintrob & Bell has called on a New Jersey federal court to lift a stay and allow the firm to pursue summary judgment in a legal malpractice lawsuit from a couple over their investment in an Atlantic City Boardwalk amusement park, which resulted in an $11.8 million claim against the investors.

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ENERGY & ENVIRONMENTAL

Gas Co. Accuses Tech Partner Of 'Snake Oil Salesman' Tactics

By Catherine Marfin

A Houston natural gas company asked a federal court Thursday to revoke a state settlement agreement between it and a partner who allegedly provided it with faulty monitoring equipment, calling the company a "modern-day snake oil salesman" that retaliated when it was "called on its failures."

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Mediation Not Required In River Authority Price Hike Row

By Catherine Marfin

The Texas Supreme Court on Friday reversed a lower court decision that the San Jacinto River Authority was required to mediate claims with two Houston-area cities over unpaid amounts for groundwater services, writing that contract provisions for alternative dispute resolution "do not serve as limits" on a waiver of governmental immunity.

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INSURANCE

Chubb Unit Must Contribute To Fatal Crash Deal, Lowe's Says

By Hope Patti

A Chubb unit wrongly refused to contribute its $10 million policy limits to a settlement in a Texas state court suit over a crash involving a Lowe's employee that killed an infant and seriously injured the child's parents, the home improvement giant has told a North Carolina federal court.

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PRIVACY & CONSUMER PROTECTION

Connecticut Credit Union Settles Overdraft Fee Lawsuit

By Aaron Keller

Connecticut-based Connex Credit Union Inc. has agreed to settle a proposed class action that challenged $35 overdraft fees in "authorize positive, settle negative" transactions, according to a request that seeks to cancel a state court hearing in the matter.

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INTELLECTUAL PROPERTY

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

By Laura Stewart Liberty

This past week in London has seen footwear brand Dr. Martens hit online retailer Temu with a passing off claim, Welsh soccer club Swansea sue its former head coach Russell Martin, Russian diamond tycoon Dmitry Tsvetkov file a claim against his former business Equix Group Ltd., and U.S. bank Omega Financial Corporation hit African oil and gas company Tende Energy with a claim. Here, Law360 looks at these and other new claims in the U.K.

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SPORTS & BETTING

Sports Co.'s Logistics Shutdown Suit Survives Dismissal Bid

By Rachel Riley

A Washington federal judge has partially rejected a logistics company's dismissal bid in a manufacturer's lawsuit over a cyberattack that allegedly stunted operations, criticizing the "obtuse" argument that their deal didn't explicitly require the contractor to shield the client from such breaches.  

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COMPETITION

TRO Won't Save Auto Supplier From Fallout, Judge Says

By Thy Vo

A Colorado federal judge on Friday denied an auto part supplier's bid to force a business partner to follow through on an exclusivity deal, ruling that a temporary restraining order may not prevent the supplier from having to shut down a facility.

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VENTURE CAPITAL

Capital Recruiter Awarded $7.8M In Back Fees In Breach Suit

By Peter McGuire

An Atlanta-area capital recruiting firm is owed more than $7.8 million in lost commissions from a former financial technology client that violated its agreement to pay the recruiter to connect it with investors, according to a verdict from a Georgia federal jury.

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NATIVE AMERICAN

Tribes Look To Overturn Enbridge's Line 5 Mich. Tunnel Permit

By Crystal Owens

Several tribal nations are asking the Michigan Court of Appeals to overturn and remand a state commission's permit approval that allows Enbridge Energy to build a Line 5 pipeline tunnel project beneath the Straits of Mackinac, arguing that they and others were barred from introducing evidence relevant to the final decision.

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TELECOMMUNICATIONS

Denver Jury Says Dish Wireless Didn't Flout Cell Tower Lease

By Thy Vo

A Denver jury has rejected a telecommunications infrastructure company's claim that Dish Wireless Inc. breached a lease for cell tower sites by failing to pay at least $22 million in extra rent, with jurors reaching a unanimous verdict after eight days of trial.

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PEOPLE

Dunn DeSantis Expands San Diego Office With 7 Attorneys

By Henrik Nilsson

Dunn DeSantis Walt & Kendrick LLP recently expanded its San Diego office with the addition of seven employment law attorneys, the firm said in a statement.

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LEGAL INDUSTRY

Microsoft, Walmart CLOs Recognized For Integrity, Creativity

By Michele Gorman

The legal chiefs at Microsoft and Walmart are among about a dozen leading corporate lawyers who soon will be recognized at the Burton Awards as "Legends in Law" for their track records of addressing complex matters and creativity in solving challenges.

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Justice Thomas Misses Monday's Supreme Court Arguments

By Katie Buehler

U.S. Supreme Court Justice Clarence Thomas was absent Monday for oral arguments examining disputes over whether accepting illegal gratuities without a quid pro quo is prohibited under a federal bribery statute and what test courts should apply when determining whether malicious prosecution claims can proceed. 

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Consumer Class Action Trio Joins Morgan Lewis From Crowell

By Tracey Read

Morgan Lewis & Bockius LLP said Monday that it has added three partners from Crowell & Moring LLP to its consumer class action and product liability practice.

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Analysis

Dueling Bills Highlight Partisan Divide Over 'Judge Shopping'

By Courtney Bublé

Dueling proposals to limit so-called judge shopping were unveiled by Senate party leaders last week, sparking optimism that Congress will rein in plaintiffs' ability to bring cases before judges they think will be friendly to their views, while others raised questions about the proposals' feasibility.

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Analysis

Stressed About The Trump Trial? Imagine How The Attys Feel

By Cara Salvatore

A trial-of-the-century moment like Donald Trump's New York criminal case heaps singular attention and pressure on the lawyers involved — and a commensurate need for smart stress relief tactics during months of prep, lawyers who have taken on landmark cases say.

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Trump Accused Of Witness Threats As Jury Selection Begins

By Frank G. Runyeon

The Manhattan district attorney's office moved to hold Donald Trump in contempt on the first day of jury selection in his hush money case for allegedly violating the court's gag order barring witness intimidation, citing his social media posts attacking two key witnesses.

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Prosecutor Says Trump Can't Keep Punting Docs Deadlines

By Carolina Bolado

The special counsel prosecuting former President Donald Trump over the alleged mishandling of classified documents at his Mar-a-Lago estate has asked a Florida federal judge to deny Trump's request for another delay, arguing Trump should not be able to use a trial against him in New York to further delay the proceeding.

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Baltimore Taps DiCello Levitt, Saltz Mongeluzzi For Key Bridge

By Lauren Berg

The city of Baltimore announced Monday it has hired DiCello Levitt and Saltz Mongeluzzi Bendesky PC as it plans legal action against those responsible for a container ship destroying the Francis Scott Key Bridge last month, the same day FBI agents boarded the ship as part of a criminal investigation.

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Harvard Says Antisemitism Case Not 'Legally Appropriate'

By Julie Manganis

Harvard University has said a lawsuit seeking to force it to submit to court-ordered monitoring and other conditions following allegations of antisemitism on campus "is neither an effective nor legally appropriate vehicle" to address the issue.

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LAW FIRMS IN TODAY'S NEWS

Advisors LLC

Berman Fink

Bindmans LLP

Brand Woodward

Brodies LLP

Bryan Cave

Burris Schoenberg

CMS Cameron McKenna Nabarro Olswang

Carter Arnett

Cleary Gottlieb

Clifford Chance

Continental PLLC

Covington & Burling

Cozen O'Connor

Cravath Swaine

Crowell & Moring

DAC Beachcroft

Davis Graham

Davis Wright Tremaine LLP

Dewey & LeBoeuf

DiCello Levitt

Donnelly Conroy

Dunn DeSantis

Earth & Water Law

Edwin Coe

Eversheds Sutherland

Fennemore Craig

Fieldfisher

Finch Thornton

Fish & Richardson

FisherBroyles

Foley & Lardner

Gillam Smith

Gordon Rees

Halloran Farkas

Hankin Sandman

Hayber McKenna

Hogan Lovells

Holland & Knight

Honigman LLP

Irell & Manella

Kasowitz Benson

KaurMaxwell

Keoghs LLP

King & Spalding

Kirkland & Ellis

Lash & Goldberg

Lewis Silkin

Liles Parker

Locke Lord

McKool Smith

Mills & Reeve

Morgan Lewis

Morrison Mahoney

NechelesLaw

Olshan Frome

Osborne Clarke

PCB Byrne

Palmer Rodak

Phillips Nizer

Pogust Goodhead

Quinn Emanuel

Reed Smith

Reynolds Porter

Robinson Bradshaw

Saltz Mongeluzzi

Seiden Law

Shook Hardy

Smith Katzenstein

Sobel Pevzner

Squire Patton

Sterne Kessler

Stradley Ronon

Sullivan & Worcester

Wheeler Trigg

Williams & Connolly

WilmerHale

Winston & Strawn

Witt Law Group PS

Womble Bond

Yetter Coleman

COMPANIES IN TODAY'S NEWS

A.P. Moller-Maersk

AbbVie Inc.

American Bankers Association

American International Group Inc.

Bank Policy Institute

Bitstamp Ltd.

Brennan Center for Justice

British Broadcasting Corp.

Casino Reinvestment Development Authority

Castlelake LP

Chevron Corp.

Crown Castle Inc.

Danfoss AS

DraftKings Inc.

Earthjustice

Enbridge Energy Partners LP

Endeavor Operating Company LLC

Expeditors International of Washington Inc.

Federation Internationale de Football Association

George Washington University

Georgia-Pacific LLC

Harvard University

Hudson Bay Capital Management LP

Hyundai Motor Co.

ITV PLC

Intuit Inc.

Jane Street Group LLC

Kodiak Gas Services LLC

Lenovo Group Ltd.

Liberty Mutual Insurance Group

Lincoln National Corp.

LinkedIn Corp.

Lowe's Cos. Inc.

Major League Baseball Inc.

Mercedes-Benz USA LLC

Meritor Inc.

Microsoft Corp.

Millennium Management LLC

NFL Enterprises LLC

National Association of Consumer Advocates

Native American Rights Fund Inc.

Network Rail Ltd.

Nokia Corp.

Online Lenders Alliance

Packaging Corp. of America

Panasonic Corp.

Port of Houston Authority

Public Citizen Inc.

Samsung Electronics Co. Ltd.

San Jacinto River Authority

State Farm Mutual Automobile Insurance Co.

T-Mobile US Inc.

Telefonaktiebolaget LM Ericsson

Trump Entertainment Resorts Inc.

Trump Organization Inc.

U.S. Chamber of Commerce

UQM Technologies Inc.

United States Soccer Federation Inc.

University of California Irvine

University of Virginia

Volkswagen AG

Walmart Inc.

World Wrestling Entertainment Inc.

Zachry Construction Corp.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Bay Mills Indian Community

Consumer Financial Protection Bureau

Export-Import Bank of the United States

Federal Bureau of Investigation

Food and Drug Administration

Grand Traverse Band of Ottawa and Chippewa Indians

International Trade Commission

Library of Congress

Manhattan District Attorney's Office

Maryland Department of Transportation

National Archives and Records Administration

National Highway Traffic Safety Administration

National Transportation Safety Board

Nottawaseppi Huron Band of the Potawatomi

Texas Legislature

Texas Supreme Court

U.S. Army Corps of Engineers

U.S. Coast Guard

U.S. Consumer Product Safety Commission

U.S. Court of Appeals for the Second Circuit

U.S. Department of Justice

U.S. Department of Transportation

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

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 Texas

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 Washington

U.S. Marine Corps

U.S. Securities and Exchange Commission

U.S. Supreme Court

United States District Court for the District of Colorado