The Texas Business Court threw out a lawsuit brought by a Dallas businessman accusing billionaire Ross Perot Jr. of stiffing him out of his rightful equity interest in a healthcare company that sold for $2 billion, saying the businessman signed an agreement waiving his interest in the company.
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MONDAY, SEPTEMBER 28, 2026 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

Texas Judge Says Perot's VC Firm Can't Be Held To Handshake

By Spencer Brewer

The Texas Business Court threw out a lawsuit brought by a Dallas businessman accusing billionaire Ross Perot Jr. of stiffing him out of his rightful equity interest in a healthcare company that sold for $2 billion, saying the businessman signed an agreement waiving his interest in the company.

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McDonald's Beats Most Of Black Franchisees' Bias Claims

By Dorothy Atkins

An Illinois federal judge on Friday tossed all but a single claim in litigation by former McDonald's franchisees who allege the fast-food giant systematically discriminated against Black operators, while warning plaintiffs that they "pushed — if not crossed" — boundaries by filing a complaint containing "more paragraphs than the Gettysburg Address contained words."

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Del. Chancery Bars Ex-CareOne GC's Fee Advance Claim

By Hailey Konnath

CareOne's former general counsel cannot get an advancement of legal fees and expenses after his former employer sued him, Delaware's Court of Chancery has ruled, noting that the lawyer is asking the court "to enforce the very right he was instructed by his client to eliminate" a decade ago.

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ENERGY & ENVIRONMENTAL

Ukrnafta Must Keep Producing Records In $150M Award Fight

By Corey Rothauser

A Texas federal judge has ordered Ukraine's largest oil producer to provide ongoing records for its U.S. dollar and euro accounts as Carpatsky Petroleum Corp. searches for assets to satisfy a $150 million arbitration award.

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INSURANCE

Cox Can't Recoup $15M In DMCA Suit Costs From Insurers

By David Aaro

A Georgia federal judge backed two insurers in a lawsuit by Cox Enterprises that alleged it was wrongly denied coverage for more than $15 million it racked up in separate litigation with a music publisher, saying the claims were not covered under Cox's policies.

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Verdict Axed Over Injured Homeowner's Absence At Trial

By Danielle Ferguson

A Florida appellate panel on Friday said a homeowner is owed a new jury trial in an insurance dispute over coverage for losses from a plumbing incident, finding a lower court should have declared a mistrial when the homeowner was seriously injured and unable to attend the trial.

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CONSUMER PROTECTION

UDR Settles Wash. AG's Claims Of Illegal Rent Hikes

By Isaac Monterose

Multifamily real estate investment trust UDR Inc. will pay more than $1.6 million in order to settle a suit filed by the Washington State Office of the Attorney General, which accused the REIT in state court of illegally hiking rents on its tenants.

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Kraft Heinz Must Face Cheesecake Snack Label Deception Suit

By Lauraann Wood

Kraft Heinz Foods Co. LLC must face a group of customers' proposed class claim that the company deceives consumers by making its Philadelphia Cheesecake Crumble snack with synthetic lactic acid despite its label claiming the product is free of artificial preservatives, an Illinois federal judge ruled.

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SPORTS & BETTING

Pitt Can't Sue Marshall U. In College Football Hosting Spat

By Matthew Santoni

West Virginia's constitution does not allow the University of Pittsburgh to haul Marshall University into a Pennsylvania court for a dispute over a canceled college football game, a Keystone State appellate panel ruled Thursday.

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EMPLOYMENT

Unions Urge 2nd Circ. To Back Reviving Uber, Lyft Driver Law

By Katherine Smith

A group of unions and workers' rights advocates has asked the Second Circuit to lift the block on a municipal ordinance banning Uber and Lyft from kicking drivers out of the app without a formal notice or an investigation, claiming the district court was wrong to stop the law.

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Brief

Waffle House Tobacco Fee Suit Stayed For Arbitration Bid

By David Aaro

A Georgia federal judge on Friday agreed to pause a former Waffle House server's challenge to a health plan fee for tobacco users until the court hashes out the company's motion to kick the dispute to arbitration.

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SECURITIES & WHITE COLLAR

Southwest Investors Ask 5th Circ. To Revive 'Meltdown' Suit

By Bonnie Eslinger

Southwest Airlines investors have asked the Fifth Circuit to revive their securities fraud suit, alleging the airline's 2022 holiday travel "meltdown" stemmed from outdated technology and a flawed flight route structure, and that they have provided enough evidence showing the company made false statements to the public.

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BANKRUPTCY

Del. Chancery Says Curonix Owns Stimwave Shares

By Hilary Russ

The medical device company Curonix LLC has won its lawsuit against the founder of Stimwave Technologies Inc., with Delaware's Court of Chancery finding that the plaintiff is the rightful holder of 75,000 shares of the company it purchased in bankruptcy.

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PRIVATE EQUITY

Investor Says Colo. Real Estate Firm Hid PE Priority Deal

By Nate Beck

An investor claimed in state court that a Colorado industrial real estate company secretly gave an outside private equity firm a priority stake in exchange for a $26.5 million investment after enticing existing limited partners not to cash out.

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CANNABIS

Hemp Shop Owner Hits LA With $10M Suit Over Raids

By Jonathan Capriel

A Black entrepreneur claims he was run out of business through unlawful and racially motivated raids on his hemp shop by the Los Angeles Police Department, in a lawsuit in state court that seeks $10 million in damages — the third he has filed on similar claims against city officials.

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LEGAL INDUSTRY

Senior Lawyers Survey: Tell Us About Your Career

How are senior lawyers adapting to evolving career paths and emerging technologies? Share your perspective in this five-minute survey.

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Law360's Legal Lions Of The Week

By Kevin Penton

O'Melveny & Myers LLP and Reed Smith LLP lead this week's edition of Law360 Legal Lions, after the Ninth Circuit overturned a $140 million class verdict against CenturyLink, holding that the company had a reasonable interpretation of the Fair Credit Reporting Act.

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Arkansas Firm 5th To Seal PE Deal With Uplift Investors

By Tracey Read

Arkansas' largest personal injury law firm is the latest legal entity to ink a deal to take private equity investment using Uplift Investors' associated management services organization.

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AI Mishap Has Judge Questioning 'Our Collective Character'

By Julie Manganis

A California attorney was barred from representing the plaintiffs in a Massachusetts insurance coverage dispute and ordered to pay legal costs of up to $10,000 to opposing counsel, after a federal judge found he relied on "inaccurate and fictitious" case cites and holdings in three filings.

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Tarter Krinsky Faces Suit After Disclosing Data Breach

By Andrea Keckley

Tarter Krinsky & Drogin LLP maintained "intentional opacity" about a recently disclosed cybersecurity attack last year that may have compromised protected health information, a proposed class action alleged in New York federal court.

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A2J At The High Court: Gun Bans, Voting And Civil Remedies

By Marco Poggio

From the right to own semiautomatic rifles to the rules governing voter registration, the upcoming U.S. Supreme Court term will see the justices tackle a broad swath of constitutional and access to justice issues.

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Domino Foods Fights Paul Weiss DQ Bid In Price-Fixing MDL

By Madison Arnold

Domino Foods is pushing back on an attempt to disqualify its counsel from Paul Weiss Rifkind Wharton & Garrison LLP in a sugar price-fixing multidistrict litigation, arguing Hershey, J.M. Smucker and other food makers filed the motion as a "strategic attempt to gain tactical advantage" at a critical point in the dispute.

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Duane Morris To Settle Employee's Tax Withholding Claim

By Asha Glover

Duane Morris LLP has agreed to private mediation to settle a proposed class action by an employee who alleged that the firm failed to withhold taxes for workers who were misclassified as partners, according to a notice.

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Roundup

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

By Megan Norcott

The past week in London has seen Glencore Energy sue a refinery for allegedly defrauding it out of more than $236 million worth of crude oil, the former CEO of ankle-tag maker Big Technologies file a defamation claim against the company, and property investment group Hunter Jones hit by a claim from the Financial Conduct Authority. 

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GC Cheat Sheet: The Hottest Corporate News Of The Week

By Sue Reisinger

Wilson Sonsini topped a list of law firms that have alumni attorneys working at six of the country's most prominent tech companies. And general counsel at most large companies expect to increase their litigation budgets next year.

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In Case You Missed It: Hottest Firms And Stories On Law360

For those who missed out, here's a look back at the law firms, stories and expert analyses that generated the most buzz on Law360 last week.

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Dark blue promo that reads 2026 Regional Powerhouses dark blue promo that reads 2026 Rising Stars

LAW FIRMS IN TODAY'S NEWS

Addleshaw Goddard

Barrasso Usdin

Bayard PA

Bernstein Liebhard

Bottaro Law Firm

Brabners LLP

Browne Jacobson LLP

Burns Charest

Campbell Johnston

Carpmaels & Ransford

Clarke Willmott

Clyde & Co

Cohen Milstein

Cohen Ziffer

Cooney & Conway

Covington & Burling

Cozen O'Connor

DAC Beachcroft

DLA Piper

DWF LLP

Demeo LLP

Duane Morris

Dudley DeBosier

Dunn Isaacson Rhee

Emery Reddy

Federman & Sherwood

Fell Law PC

Ferraro Law Firm

George Brothers

Gibson Dunn

Glavin PLLC

Gordon Rees

Greenberg Traurig

Haynes Boone

Hilder & Associates

Hill Dickinson

Hogan Lovells

Hoguet Newman

Hughes & Coleman

Ireland Stapleton

Jenner & Block

John Foy & Associates

Jones Day

Keches Law Group

Keller Rohrback

Kennedys Law LLP

Kirkland & Ellis

Kisob Law Firm

Latham & Watkins

Law Offices of Todd M. Friedman

Link & Rockenbach

Lowenstein Sandler

Marcus & Shapira

Maslon LLP

McDermott Will & Schulte

Mills & Reeve

MoloLamken

Morrison & Foerster

Norton Rose

O'Melveny & Myers

Paris Smith LLP

Paul Weiss

Pinsent Masons

Polsinelli PC

Potter Anderson

Proskauer Rose

Quinn Emanuel

RWK Goodman

Rainwater Holt

Reed Smith

Riley Safer

Ross Aronstam

Russell-Cooke

Schlam Stone

Selendy Gay

Silver Golub

Skadden Arps

Spencer Fane

Spencer West LLP

Steptoe & Johnson PLLC

Sullivan & Cromwell

Tarter Krinsky

Venable LLP

Ventura Law (Danbury, CT)

Watstein Terepka

Weil Gotshal

Weinberg Wheeler

Whalen Law Office

Wiley Rein

Wilson Sonsini

Withersworldwide

Yetter Coleman

gunnercooke LLP

COMPANIES IN TODAY'S NEWS

Anthropic PBC

AstraZeneca PLC

BMG Rights Management GmbH

BTI Consulting Group Inc.

Block Inc.

Cardinal Health Inc.

CareOne LLC

Cloudflare Inc.

Compass Lexecon LLC

Coupang, Inc.

Cox Communications Inc.

Cox Enterprises Inc.

Curonix LLC

Duke University

Eli Lilly & Co.

Enterprise Holdings Inc.

Glencore PLC

GoDaddy Inc.

Google LLC

Hiscox Ltd.

IMDb.com Inc.

Instagram Inc.

Inter Tribal Council of Arizona Inc.

International Brotherhood of Teamsters

Kellogg Co.

LexisNexis Legal & Professional

LexisNexis Risk Solutions Inc.

Liberty Mutual Insurance Group

London Stock Exchange Group PLC

Lumen Technologies Inc.

Lyft Inc.

McDonald's Corp.

Mediterranean Shipping Co. SA

Meta Platforms Inc.

NVIDIA Corp.

Nektar Therapeutics

New York Taxi Workers Alliance

News Corp.

OpenAI OpCo LLC

Pfizer Inc.

Proof

RELX PLC

Red Bull GmbH

Round Hill Music

Screen Actors Guild-American Federation of Television & Radio Artists

Skydance Media LLC

Sony Music Entertainment Inc.

Southwest Airlines Co.

Space Exploration Technologies Corp.

Takeda Pharmaceutical Co. Ltd.

Tellabs, Inc.

Tesla Inc.

The Alliance for a Greater New York

The Hershey Co.

The J. M. Smucker Co.

The Kraft Heinz Co.

The Travelers Cos. Inc.

TikTok Inc.

UDR, Inc.

Uber Technologies Inc.

United Auto Workers

Universal Insurance Holdings Inc.

Universal Music Group NV

University of Miami

Waffle House Inc.

Walmart Inc.

Warner Bros. Discovery Inc.

Warner Bros. Entertainment Inc.

Warner Music Group Corp.

Zimmer Biomet Holdings Inc.

GOVERNMENT AGENCIES IN TODAY'S NEWS

California Civil Rights Department

City of New York

Companies House

Delaware Court of Chancery

Financial Conduct Authority

Florida Supreme Court

Internal Revenue Service

Los Angeles Superior Court

Montana Department of Revenue

New York Attorney General's Office

U.S. Bankruptcy Court for the District of Delaware

U.S. Court of Appeals for the Fifth Circuit

U.S. Court of Appeals for the Ninth Circuit

U.S. Court of Appeals for the Second 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 District of Massachusetts

U.S. District Court for the District of Minnesota

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

U.S. District Court for the Northern District of Illinois

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

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

U.S. Securities and Exchange Commission

U.S. Supreme Court

UK High Court

Washington Attorney General's Office