Silicon Valley AI Chip Co. Hit With $50M Breach Verdict

By Bonnie Eslinger

A California state court jury has found a Silicon Valley computer chipmaker founded by Intel's former president owes $50 million for terminating its deal with FICT Ltd. for semiconductor substrates, in a mixed verdict that also determined the Japanese electronics manufacturer did not fulfill all its obligations under the agreements.

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DPAs At Hand For Argentine Media Co. Bosses In FIFA Case

By Stewart Bishop

Brooklyn federal prosecutors said they intend to enter into deferred prosecution agreements with the owners of Argentine sports marketing agency Full Play Group SA, a company that was convicted at trial of bribing Latin American soccer officials in exchange for lucrative media rights to tournaments, according to court documents unsealed Tuesday.

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9th Circ. Panel Largely Upholds Block On Feds' Grant Terms

By Rachel Riley

A divided Ninth Circuit panel Tuesday mostly upheld an injunction blocking the Trump administration from imposing new grant restrictions on transportation and housing funding for dozens of local governments, concluding federal agencies likely overstepped their authority by barring the money from being used to promote "gender ideology" or "illegal immigration."

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Drugstores Beat Sun Pharma's $10M Racketeering Suit

By George Woolston

A New Jersey federal judge threw out Sun Pharmaceutical Industries Inc.'s suit against a group of pharmacies alleging they engaged in a criminal, years-long racketeering scheme that resulted in it paying more than $10 million in refunds for short-dated pharmaceutical products, ruling that the pharmacies were improperly joined together.

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Md. Judge Trims Baltimore Bridge Wreck Damages Claims

By Linda Chiem

A Maryland federal judge has slashed claims from Baltimore, businesses and dockworkers seeking to recover millions in economic losses from the owner and operator of the container ship that slammed into the Francis Scott Key Bridge, saying the nearly century-old Robins Dry Dock rule bars many of their claims.

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Colo. Judge Ships $8.3M Messner Reeves Fraud Suit To Utah

By Zach Dupont

A Colorado federal judge granted a motion Monday from law firm Messner Reeves LLP to move a lawsuit accusing the firm of stealing more than $8 million as part of a fraudulent loan scheme to Utah after finding the venue was the proper forum to litigate the claims.

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Calif. Tribe Says County Tanked $12M Airport Land Deal

By Crystal Owens

The Twenty-Nine Palms Band of Mission Indians is accusing Riverside County and its officials of fraudulently inducing it into a $12 million land investment, telling a California district court that the municipality pulled a bait-and-switch when it then banned access to the airport-adjacent property.

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Truist Says Excess Insurers Owe For $240M Overdraft Deal

By Katryna Perera

Truist Bank has launched counterclaims against a group of insurers who claim they don't owe coverage to the bank for a $240 million settlement of a consumer class action stemming from alleged overdraft charges, arguing the relevant insurance policy expressly includes settlements, among other things, as covered damages.

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Insurer Gets $2 In Damages In Trade Secret, Contract Case

By Elliot Weld

A Chicago-based captive insurer was granted a favorable judgment on some claims of trade secret misappropriation and breach of contract but was awarded only $2 in nominal damages in a case alleging that an insurance seller and some agents lifted confidential client lists.

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Trucordia, Ex-Producers Fight Over Arbitration Clause

By Jarek Rutz

Counsel for former insurance producers Arthur and Kirk Maberry urged the Delaware Chancery Court on Tuesday to send Trucordia's client-poaching lawsuit to arbitration, arguing that a broad arbitration clause in 2022 retention agreements still governs the dispute despite later employment and equity agreements.

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AIDS Org 'Had Its Chance' To Sue Express Scripts, Judge Says

By Bryan Koenig

Express Scripts convinced a Missouri federal judge Tuesday to dismiss an AIDS Healthcare Foundation antitrust suit the judge said was precluded by a rejected earlier case in the same district raising the "same facts and circumstances" accusing the pharmacy benefit manager of imposing lower reimbursement rates on specialty pharmacies.

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Investor Says Vail Resorts Conspired To Fix Ski Pass Prices

By Rachel Konieczny

Vail Resorts Inc. and its executives conspired with competitors to fix prices for its lift tickets and misled its stockholders about the company's conduct, an investor in the mountain resort operator alleged in Colorado federal court.

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Investor Seeks Legal Fees In Del. Over Energy Co. Share Suit

By Jarek Rutz

Hudson Bay Longview LLC has sued Mountain State Energy Holdings LLC in the Delaware Chancery Court seeking to force the energy company to pay the legal costs Hudson Bay is racking up while defending a separate New York lawsuit over its purchase of Mountain State shares.

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German Bank Seeks OK Of €3.5M Arbitration Award

By Carolina Bolado

A German bank urged a Florida federal court on Monday to confirm a €3.5 million arbitration award it won against TessPay Finance Inc. following a dispute over receivables the bank bought that were purportedly owed to TessPay but did not exist.

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Calif. Judge OKs $2.25M Settlement In Crab Price-Fixing Suit

By Aneeta Mathur-Ashton

A California judge has preliminarily approved a $2.25 million fund to settle a proposed class action accusing an Oregon seafood company of a conspiracy to cap prices paid to fishermen for Dungeness crab in the Pacific Northwest.

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No Partial Appeal Before Trial For Ex-Under Armour Supplier

By Matthew Santoni

A Pennsylvania federal judge won't pause a November trial for tortious interference claims against Under Armour so a former supplier can appeal the dismissal of its antitrust claims, the court said Tuesday.

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DC Circ. Won't Revive Standard General's FCC Bias Suit

By Nadia Dreid

The D.C. Circuit does not believe that the Federal Communications Commission took part in a racist conspiracy to kill Standard General hedge fund manager Soo Kim's $8.6 billion merger with broadcaster Tegna and has affirmed the dismissal of his lawsuit claiming such.

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Ex-DOJ Fraud Attys Switch To Civil Focus At Boutique Firm

By Phillip Bantz

Criminal fraud prosecutors commonly pursue careers as white collar defense lawyers after exiting the U.S. Department of Justice, but a group of ex-DOJ lawyers who have recently joined national litigation boutique AXS Law Group are embarking on a path less traveled.

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Winston Taylor Hires Ex-Willkie Securities Expert In Chicago

By Jack Rodgers

Winston Taylor LLP has brought on board a former Willkie Farr & Gallagher LLP counsel who, before his most recent role, spent more than eight years as an assistant U.S. attorney in the Northern District of Illinois working on securities and commodities fraud issues, the firm announced on Tuesday.

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Cooley Life Sciences Atty Joins Foley & Lardner In San Diego

By Adrian Cruz

Foley & Lardner LLP announced that a life sciences attorney with over 30 years of experience has jumped to the firm's San Diego office as a partner from Cooley LLP.

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How 'Most Favored Nation' Regime Affects Biopharma Deals

As M&A activity surges in the biopharma space, companies will need to account for the Trump administration's most-favored-nation pricing proposals — durable in concept, if unsettled in detail — when drafting deals, say attorneys at Gibson Dunn.

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Early Action Can Benefit Distressed Restaurant Franchisees

As rising costs put increased pressure on restaurants, as evidenced by recent bankruptcy filings by Popeyes, Farmer Boys and Applebees franchisees, distressed businesses should move early to preserve profitable locations, reject uneconomic obligations, manage brand defaults and choose the appropriate restructuring path, says Christopher Caplinger at Kean Miller.

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What To Know As Legal Duty To Consider AI Takes Shape

While the U.K. Jurisdiction Taskforce’s recent statement on liability for artificial intelligence harms is nonbinding for both U.K. and U.S. lawyers, it highlights the importance of being able to distinguish between the availability of a tool and a professional obligation to use it, say Jonny Frank and Michael Costa at StoneTurn.

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Calif. Bill Curbing PE Role In Litigation Heads To Newsom

By Lauren Berg

A California bill to ban corporate investors from influencing litigation strategy is heading to Gov. Gavin Newsom's desk after passing with bipartisan support from the state Legislature.

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Pillsbury Settles Ex-Recruiting Director's Pregnancy Bias Suit

By Grace Elletson

Pillsbury Winthrop Shaw Pittman LLP has settled a Black former director's suit claiming the law firm fired her weeks after she shared that she was pregnant and would need accommodations, according to a Tennessee federal court filing.

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DOJ Flags Breach Of Internal Policies In Apple Suit

By Bryan Koenig

The U.S. Department of Justice told a New Jersey federal judge Tuesday that its staffers breached internal policies when they shared personally identifiable information with an outside discovery vendor that was hired not by the department, but instead by the DOJ's state attorneys general partners, in the monopolization case against Apple.

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Prosecutors Say Goldstein Must Stay Behind Bars

By Jared Foretek

Federal prosecutors told the Fourth Circuit on Tuesday to keep convicted Supreme Court attorney Thomas Goldstein behind bars while he appeals his conviction, arguing that he remains a serious flight risk with wealthy overseas connections and "an ongoing danger" whose tax crimes continued "even after conviction."

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Arizona Atty Reprimanded For Series Of AI Errors

By Matt Perez

An Arizona federal judge has formally reprimanded a lawyer who admitted to filing four briefs that contained errors including false quotes and a faulty case summary generated with artificial intelligence amid an employment discrimination suit, noting the lawyer previously faced sanctions on two separate occasions for violating court rules.

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House Committee Wants DOL IG To Widen Info-Sharing Probe

By Benjamin Morse

Top House Education and Workforce Committee Republicans urged the U.S. Department of Labor's watchdog Wednesday to expand its review of information-sharing arrangements with outside groups, asking whether three additional agencies improperly disclosed confidential investigative material during the Biden administration.

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