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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WEDNESDAY, AUGUST 26, 2026 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

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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LEGAL ETHICS & MALPRACTICE

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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REAL ESTATE & DEVELOPMENT

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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INSURANCE

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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HEALTHCARE & LIFE SCIENCES

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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SPORTS & BETTING

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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SECURITIES & BANKING

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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COMPETITION

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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TELECOMMUNICATIONS

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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PEOPLE

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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EXPERT ANALYSIS

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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LEGAL INDUSTRY

Firm Revenue Climbs 12.4% In First Half Of 2026

By Daniel Moritz-Rabson

Record billing rate gains, strong demand and increased productivity fueled a successful start to the year for the legal industry, according to a report released Tuesday.

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Florida AG Slams Bar Complaint Against DHS Counsel

By Madison Arnold

Florida Attorney General James Uthmeier wrote to the executive director of the Florida Bar to criticize a recent complaint made to the bar against James Percival, general counsel of the U.S. Department of Homeland Security, for attacking judges.

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Legal Watchdog Lodges Bar Complaint Against Jeanine Pirro

By Hailey Konnath

The Legal Accountability Center said Tuesday that it filed a bar complaint against U.S. Attorney Jeanine Pirro, claiming that she abused her position to unjustifiably target Democratic lawmakers after they released a video reminding members of the military and intelligence community that it's their duty to refuse unlawful orders.

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6th Circ. Says Judge Can't Escape Teen Mock Arrest Suit

By Susan Smiley

A Sixth Circuit panel on Monday allowed to proceed a Michigan federal lawsuit filed against a Detroit judge who handcuffed a 15-year-old student and subjected her to a mock trial after she fell asleep in his courtroom, ruling that judicial immunity does not protect him.

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Watchdog Wants NY Judge Ousted Over Retaliatory Suit

By Rose Krebs

The New York State Commission on Judicial Conduct has determined a state judge should be removed from office for filing a retaliatory defamation suit against an eye-care worker who had lodged an ethics complaint over the judge refusing to wear a mask in an office in 2021.

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NY Times Says EEOC Dragging Feet On Anti-White Bias Info

By Grace Elletson

The New York Times Company has sued the U.S. Equal Employment Opportunity Commission, claiming the anti-discrimination watchdog flouted federal law by failing to respond to requests for records of communications with conservative legal groups and agency efforts to investigate claims of bias against white workers.

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Tort Report: Mass. Jury Delivers Record Amazon Crash Verdict

By Y. Peter Kang

A record personal injury verdict against Amazon in a crash case and Aerosmith frontman Steven Tyler's upcoming sex abuse trial lead Law360's Tort Report, which compiles recent personal injury and medical malpractice news that may have flown under the radar.

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LAW FIRMS IN TODAY'S NEWS

AXS Law Group

Anderson & Kreiger

Baker McKenzie

Bekman Marder

Blank Rome

Chase Law & Associates

Clark Hill

Clark Smith Villazor

Clyde & Co

Consovoy McCarthy

Cooley LLP

Cross & Simon

Davis & Santos

DiCello Levitt

Duane Morris

Emery Celli

Fenwick & West

Fieger Law

Foley & Lardner

Gibson Dunn

Gordon Rees

Grant & Eisenhofer

Greenberg Traurig

Gross Klein

Health Law Alliance

Hedrick Gardner

Holland & Knight

Husch Blackwell

Jackson Lewis PC

Johnson Fistel

Jones Day

Kaufman Dolowich

Kean Miller

Kesselman Brantly

Landis Rath

Law Lyman

Lochner Law Firm

Lynn Pinker

McCarthy Leonard

McGuireWoods

Messner Reeves

MoloLamken

Murphy Orlando

Pacifica Law Group

Perkins Law

Perkins Law Group PLLC

Quinn Emanuel

Quinn Patton

Robbins LLP

Saltz Mongeluzzi

Schneider Wallace

Skadden Arps

Smouse & Mason

Spencer Fane

Steptoe LLP

Stoel Rives

Swanson Martin

Trenk Isabel

Troutman

Weil Gotshal

White and Williams

Wilentz Goldman

Wiley Rein

Willkie Farr

Wilson Elser

Wilson Sonsini

Winston Taylor

COMPANIES IN TODAY'S NEWS

AIDS Healthcare Foundation

AXA XL Ltd.

Aires

Alterra Mountain Co.

Amazon.com Inc.

American Bar Association

American Senior Benefits LLC

Ampere Computing LLC

Applebee's International Inc.

Bankers Life and Casualty Co. Inc.

Bornstein Seafoods Inc.

Central Puget Sound Regional Transit Authority

Cottrell Inc.

Da Yang Seafood Inc.

Express Scripts Holding Co.

Federalist Society

Federation Internationale de Football Association

International Longshoremen's Association

Jefferies Financial Group Inc.

LinkedIn Corp.

Medco Health Solutions Inc.

Microsoft Corp.

Outcome Health

Pacific Seafood

Public Rights Project

Rhapsody International Inc.

Sify Technologies Ltd.

SoftBank Group Corp.

Standard General LP

StoneTurn Group LLP

Sun Pharmaceutical Industries Ltd.

Tegna Inc.

The Florida Bar

The New York Times Co.

Trilogy

Truist Financial Corp.

Under Armour Inc.

Wells Fargo & Co.

Wolfspeed Inc.

YouTube Inc.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Delaware Court of Chancery

Equal Employment Opportunity Commission

Federal Aviation Administration

Federal Bureau of Investigation

Federal Communications Commission

Federal Trade Commission

Florida Supreme Court

Missouri Attorney General's Office

New York State Commission on Judicial Conduct

Pima County Attorney's Office

Pima County, Arizona

Port of Seattle

Twenty-Nine Palms Band of Mission Indians

U.S. Attorney's Office

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

U.S. Bankruptcy Court for the Northern District of Georgia

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

U.S. Court of Appeals for the Ninth Circuit

U.S. Court of Appeals for the Seventh Circuit

U.S. Court of Appeals for the Sixth Circuit

U.S. Customs and Border Protection

U.S. Department of Defense

U.S. Department of Homeland Security

U.S. Department of Housing and Urban Development

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 Columbia

U.S. District Court for the District of Maryland

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

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

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

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 Western District of Pennsylvania

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

U.S. Navy

U.S. Securities and Exchange Commission

U.S. Supreme Court

United States District Court for the District of Colorado

United States District Court for the District of Utah