The Ninth Circuit on Wednesday reversed a lower court's finding that Orrick Herrington & Sutcliffe LLP can't be held liable in a battle over a stock transfer agreement gone awry, ruling that California law does allow a party to the transfer to pursue equitable indemnity in the case.
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THURSDAY, JULY 30, 2026 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

9th Circ. Vacates Orrick Win In Stock Transfer Deal Dispute

By Hailey Konnath

The Ninth Circuit on Wednesday reversed a lower court's finding that Orrick Herrington & Sutcliffe LLP can't be held liable in a battle over a stock transfer agreement gone awry, ruling that California law does allow a party to the transfer to pursue equitable indemnity in the case.

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Forum Clause Dooms ITC Trade Secret Case Against BMW

By Adam Lidgett

A U.S. International Trade Commission judge has made an initial finding to close a trade secret investigation into BMW's imports of infotainment screens targeted by a California technology company, citing an agreement between the parties saying their disputes had to be hashed out in Germany.

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10th Circ. Trims $20M Judgment In Wyo. Coal Royalty Row

By Tom Lotshaw

A Tenth Circuit panel said a Wyoming federal judge erred when she ordered Bridger Coal Co. to recalculate royalty payments to Wildcat Coal LLC going back to 1986 in a dispute over payments between 2016 and 2020.

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LEGAL ETHICS & MALPRACTICE

King & Spalding Told To End 'Shenanigans' In Bid To Exit Case

By Brian Steele

The individual defendants in a $300 million fraud lawsuit have accused King & Spalding LLP of appellate "shenanigans" while it seeks to exit the case due to an alleged ethics conflict, claiming the firm has falsely denied representing corporate clients despite an attorney's appearance suggesting otherwise.

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INSURANCE

Manufacturer Can't Recoup Coverage For Gas Leak Losses

By Hope Patti

A semiconductor manufacturer is not entitled to additional coverage for losses it incurred after a hydrogen chloride gas leak at one of its facilities, a Texas appellate court ruled, saying the company failed to show it suffered damages that exceeded its policies' deductible and were unrelated to excluded corrosion.

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Insurers Owe $10M For Ethanol Kickback Award, Ag Co. Says

By Danielle Ferguson

The owner of an agricultural management company said liability insurers owed more than $10 million in damages for what he and the company paid toward an arbitration award in a dispute alleging a pay-to-play kickback scheme, saying the insurers improperly applied exclusions and appointed ill-prepared counsel.

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BANKING

Glazer Sues In Chancery For More Comerica Merger Records

By Jarek Rutz

A Comerica Inc. stockholder has asked the Delaware Chancery Court to order the bank to turn over additional books and records tied to its merger with Fifth Third Bancorp, alleging the company has improperly withheld key documents needed to investigate whether directors and executives breached their fiduciary duties during the sale process.

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Calif. Regulator To Appeal $100M OppFi 'Rent-A-Bank' Loss

By Sarah Jarvis

California's financial services regulator has appealed a state judge's ruling that it cannot pursue millions in fines against Opportunity Financial for alleged "rent-a-bank" predatory lending, after the judge rejected the regulator's allegation that OppFi was the "true lender" for loans that the company argued originated from an out-of-state partner.

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INTELLECTUAL PROPERTY

USC Says Caltech Can't Claim Ownership In Multiplexing IP

By Gina Kim

The University of Southern California sued a former professor in Los Angeles County Superior Court on Tuesday claiming he and two other inventors impermissibly assigned their rights in multiplexing technology, allegedly developed using USC's resources, to Caltech, which claims sole ownership over it and sued other entities for patent infringement.

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Roundup

Lowe's Coverage Row, NASCAR Team Tiff: NC Midyear Report

By Hayley Fowler

The North Carolina courts are teeing up for a busy second half of 2026, including readying for a multimillion-dollar insurance trial with Lowe's and speeding through discovery in a high-profile trade secrets dispute involving former NFL coach Joe Gibbs' championship NASCAR team.

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SECURITIES & WHITE COLLAR

Novo Faces Narrowed Investor Suit Over Obesity Drug Claims

By Carla Baranauckas

A New Jersey federal judge narrowed a proposed securities class action against Novo Nordisk, preserving claims that it misled investors about the CagriSema obesity drug's tolerability and a flexible protocol used in a clinical trial.

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COMPETITION

Apple, Amazon Beat Bid To Revive IPhone Sales Antitrust Suit

By Rachel Riley

A Washington federal judge has declined to reinstate a proposed class action accusing Apple and Amazon of illegally limiting iPhone and iPad sales, standing by her previous conclusion that Hagens Berman Sobol Shapiro LLP failed to promptly seek the approval of two substitute plaintiffs after the original lead consumer abandoned the case.

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PRIVATE EQUITY

Aterian Loses Dismissal Bid In P.J. Mechanical Suit

By Jarek Rutz

The Delaware Superior Court has refused to dismiss a lawsuit accusing private equity firm Aterian Investment Partners of improperly draining millions of dollars from a holding company to avoid paying earnout obligations owed to the former owners of P.J. Mechanical, finding that the founders plausibly alleged that Aterian intentionally interfered with their contract.

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HEALTHCARE & LIFE SCIENCES

NC Attorney General's Clash With HCA Cleared For Trial

By Hayley Fowler

The North Carolina Business Court has cleared a path to trial in the state attorney general's suit accusing HCA Healthcare of letting the quality of care at Mission Hospital in Asheville languish.

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CYBERSECURITY

TaskUs Trims Claims From Coinbase Breach Suit

By Katryna Perera

A New York federal judge has trimmed claims from a suit alleging a Texas-based Coinbase vendor called TaskUs failed to protect the personal information of Coinbase customers from a bribery-fueled data compromise scheme involving TaskUs employees.

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PBS Station Sues Data Co. Over 70 Years Of Archived Footage

By MJ Koo

A St. Louis public television station has sued a data storage company in Colorado state court to recover 50 terabytes of irreplaceable archival footage and programming spanning seven decades, alleging the company has wrongfully refused to return the data after the station's cloud storage provider ceased operations.

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TELECOMMUNICATIONS

Trail Cam Co. Says T-Mobile Broke Tech Migration Promises

By Nadia Dreid

T-Mobile is trying to plow forward with a plan to shift Tactacam-branded "trail cameras" that operate on cellular networks to a new technology even though all the tests have failed, which could make millions of cams useless, according to the company that owns those cameras.

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LEGAL INDUSTRY

How Does In-House Pay Compare? Take The Law360 Survey

How do in-house salaries vary across industries, roles, and organizational revenue? What compensation tools are companies using to lure top talent? Help Law360 Pulse answer these questions and more in this year's In-House Compensation Survey.

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Simpson Thacher Hung Client Out To Dry, Jury Hears

By Madison Arnold

A legal ethics expert told a Florida jury Wednesday that he believes Simpson Thacher & Bartlett LLP's actions when representing Patriot National Inc. constitute legal malpractice leading up to the insurance services company declaring bankruptcy.

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Senate Postpones Key Vote For AG Nominee Blanche

By Courtney Bublé

The committee vote on acting Attorney General Todd Blanche's bid to take the permanent role, slated for Thursday, was postponed after Sens. John Cornyn, R-Texas, and Thom Tillis, R-N.C., were not fully on board.

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GOP Bill To Curb Judge Shopping May Have Limited Effect

By Courtney Bublé

A Senate Republican has introduced legislation that he says will fix the judge shopping issue, but court observers don't think it will make much of a difference.

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DOJ Wants To Let Immigration Judges Fine For Contempt

By Britain Eakin

The Executive Office for Immigration Review proposed a rule Wednesday that would allow immigration judges to impose civil monetary penalties for contempt on attorneys, their noncitizen clients and witnesses, operationalizing a power that has lain dormant since 1996.

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Legal Aid Union Alleges Unlawful Incentives To Break Strike

By Andrea Keckley

The Neighborhood Defender Services of Harlem union announced on the third workday of its strike Tuesday that it has filed unfair labor practice charges with the National Labor Relations Board, accusing its management of offering unlawful incentives to cross the picket line.

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Former Trump Lawyer Officially Takes The Helm At SDNY

By Hailey Konnath

James McDonald, a former Sullivan & Cromwell LLP partner who represented President Donald Trump in his appeal of his criminal conviction, was sworn in as U.S. attorney for the Southern District of New York on Wednesday after McDonald's predecessor Jay Clayton departed to serve as director of national intelligence.

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2nd Circ. Backs Ex-Shkreli Atty's 401(k) Restitution Deal

By Lauren Berg

A New York trial judge erred in rejecting a retirement-fund garnishment deal that would have protected Martin Shkreli's convicted former lawyer from tax penalties, the Second Circuit ruled Wednesday.

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DOJ Wants New Judge In Fired Court-Appointed US Atty's Suit

By Jack Karp

A lawsuit from the Seattle U.S. attorney who was swiftly fired from his post by President Donald Trump shortly after being appointed to it by a federal court should be reassigned to a different judge, the administration has told a Washington federal court.

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Segal McCambridge Settles Fired Secretary's Age Bias Suit

By Grace Elletson

Law firm Segal McCambridge Singer & Mahoney Ltd. has struck a deal to end a New York federal court suit from a former secretary who said her colleagues mistreated her because of her age, according to a Wednesday court filing.

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Comey Rips '86 47' Case, Says Warrants 'Misstated Facts'

By Lauren Berg

James Comey is taking another angle in his effort to dismiss an indictment stemming from a picture of seashells he posted on Instagram, telling a North Carolina federal judge that the government is pursuing the "vindictive" case because of President Donald Trump's "deep-seated animosity" toward the former FBI director.

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LAW FIRMS IN TODAY'S NEWS

Ahdoot & Wolfson

Akerman LLP

Arete Law Group

Bailey & Glasser

Bernstein Litowitz

Bronstein Gewirtz

Buchalter LLP

Burns Charest

Calfee Halter

Carella Byrne

Clyde & Co

Cohen & Wolf

Conrad & Scherer

Cooley LLP

Coombe Curry

Cowdery Murphy

Crowley Fleck

Crystal Pettiford Law

Davis Wright Tremaine

Dorsey & Whitney

FBT Gibbons

Finnegan

Freedman Normand

Gibson Dunn

HGT Law

HKM Employment Attorneys

Hagens Berman

Haynes Boone

Healy LLC

Holtzman Vogel

Jones Day

Katten Muchin

King & Spalding

Kirton McConkie

Klausner Kaufman

L'Abbate Balkan

Latham & Watkins

Lennon Murphy

Levi & Korsinsky

Levinger PC

Lewis Brisbois

Markun Zusman

Mayer Brown

McCollom D'Emilio

Mound Cotton

Munger Tolles

O'Hagan Meyer

O'Melveny & Myers

Orrick Herrington

Otteson Shapiro

Pitta LLP

Pomerantz LLP

Rivkin Radler

Robbins Geller

Roberts & Stevens

Rosen Law Firm PA

Schall Law

Scott&Scott

Seeger Weiss

Segal McCambridge

Shook Hardy

Sidley Austin

Simpson Thacher & Bartlett

Spencer Fane

Stearns Weaver

Stoel Rives

Sullivan & Cromwell

Wiggin & Dana

Williams & Connolly

Wilson Elser

COMPANIES IN TODAY'S NEWS

Amazon.com Inc.

American International Group Inc.

Apple Inc.

Aterian Investment Partners

Bank of Utah

Brooklyn Defender Services

California Institute of Technology

Cisco Systems Inc.

Coinbase Global Inc.

Comerica Inc.

Fifth Third Bancorp

Fort Point Capital

George Washington University

Gerald Holdings LLC

Getty Images Holdings Inc.

Glazer Capital LLC

Global Logistic Properties Ltd.

Great American Insurance Co.

Griswold

HCA Healthcare Inc.

HDR Global Trading Ltd.

Hotel Association of New York City Inc.

Instagram Inc.

Iron Mountain Inc.

JPMorgan Chase & Co.

KBW, Inc.

LinkedIn Corp.

Lowe's Cos. Inc.

McDonald's Corp.

Mission Health System Inc.

NASCAR Digital Media LLC

Nokia Corp.

Novo Nordisk A S

OppFi Inc.

OppLoans

Patriot National Inc.

Public Broadcasting Service

Retrophin Inc.

T-Mobile US Inc.

TaskUs Inc.

Texas Instruments Inc.

Travere Therapeutics Inc.

University of Miami

University of Southern California

Vapor Technology Association

Washington State Bar Association

GOVERNMENT AGENCIES IN TODAY'S NEWS

Bureau of Land Management

California Supreme Court

Commodity Futures Trading Commission

Delaware Court of Chancery

Executive Office for Immigration Review

Federal Bureau of Investigation

Federal Trade Commission

Food and Drug Administration

Internal Revenue Service

International Trade Commission

Judicial Conference of the United States

National Labor Relations Board

New York State Assembly

North Carolina Attorney General's Office

North Carolina Department of Justice

Office of the Director of National Intelligence

Texas Judicial Branch

Texas Tenth Court of Appeals

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

U.S. Attorney's Office for the Eastern District of North Carolina

U.S. Attorney's Office for the Western District of Washington

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 Second Circuit

U.S. Court of Appeals for the Tenth Circuit

U.S. Department of Justice

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 New Jersey

U.S. District Court for the Eastern District of North Carolina

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

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

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 Washington

U.S. Patent and Trademark Office

U.S. Supreme Court

United States District Court for the District of Colorado

United States District Court for the District of Nevada