A McCarter & English LLP attorney botched two multimillion-dollar loan deals by failing to secure an ironclad repayment obligation from a New York town or include mandatory documents in the closing packages, a Connecticut state court heard Monday as a long-awaited malpractice trial got underway.
Law360
Commercial Contracts
TUESDAY, JUNE 30, 2026 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

McCarter & English Missed Key Docs In $20M Loans, Court Told

By Brian Steele

A McCarter & English LLP attorney botched two multimillion-dollar loan deals by failing to secure an ironclad repayment obligation from a New York town or include mandatory documents in the closing packages, a Connecticut state court heard Monday as a long-awaited malpractice trial got underway.

2 documents attached | Read full article » | Save to favorites »

Justices Pass On Samsung's Texas Battery Jurisdiction Fight

By Jonathan Capriel

The U.S. Supreme Court on Monday declined to review litigation regarding a Samsung SDI Co. battery that exploded in a man's pocket, leaving unanswered a multi-appellate court split over whether a company that sells products into a state can avoid jurisdiction by claiming it intended the goods to be sold to corporate clients and not general consumers.

2 documents attached | Read full article » | Save to favorites »

Director Gets 2½ Years For 'Brazen' $11M Netflix Fraud

By Pete Brush

A Manhattan federal judge sentenced a Hollywood director to 2.5 years in prison Monday, after a jury convicted him of taking $11 million from Netflix for a show that was never finished and squandering money on stock bets and luxuries.

3 documents attached | Read full article » | Save to favorites »

Calif. Firm Can't Arbitrate Ex-Clients' Sex-Abuse Deal Claims

By Bonnie Eslinger

A California appellate court Monday said McGrath Kavinoky LLP can't arbitrate allegations it "bullied" two women into accepting a $374 million settlement for hundreds of clients claiming sexual abuse by a UCLA Health gynecologist, saying the firm's failure to obtain consent to the foreseeable conflicts made its engagement agreements unenforceable.

Opinion attached | Read full article » | Save to favorites »

Catching Up With Delaware's Chancery Court

By Jarek Rutz

The Delaware Chancery Court this past week handled disputes involving controlling stockholders, executive compensation, take-private transactions, books and records demands and board governance, while the Delaware Supreme Court issued decisions in two corporate records cases previously decided in the Chancery.

Read full article » | Save to favorites »

INSURANCE

No Coverage For Bank's $240M Overdraft Deal, Insurers Say

By Hope Patti

A group of insurers doesn't owe coverage to Truist Bank for a $240 million settlement of a consumer class action stemming from its predecessor's overdraft charges, the carriers told a North Carolina federal court, saying the deal doesn't constitute "damages" as defined by the policies.

Complaint attached | Read full article » | Save to favorites »

Insurer Says Firm, Atty Not Covered For Malpractice Claim

By Hope Patti

A Georgia law firm and attorney are not entitled to coverage for a legal malpractice claim brought by a former client who said their handling of an underlying lawsuit resulted in a nearly $600,000 default judgment against him, the firm's professional liability insurer told a federal court.

Complaint attached | Read full article » | Save to favorites »

Brief

Insurers Seek NJ Mass Tort For No Surprises Act Suits

By George Woolston

Five of the largest health insurers in the Garden State have asked the New Jersey Supreme Court to designate 160 pending cases seeking the enforcement of alleged independent dispute resolution payment determinations issued under the federal No Surprises Act as multicounty litigation, according to a notice to the Bar Association.

2 documents attached | Read full article » | Save to favorites »

CONSUMER PROTECTION

Justices Deny Samsung's Bid To Toss Minn. Battery Suit

By Mike Curley

The U.S. Supreme Court on Monday denied a petition from Samsung SDI Co. seeking to overturn a Minnesota appeals court ruling finding it must face a suit over an exploding vape pen battery.

Petition attached | Read full article » | Save to favorites »

Roblox Says Fla. Addiction Suit Belongs In Arbitration

By Mike Curley

Roblox Corp. is asking a Florida federal court to stay and send to arbitration a suit alleging that its online platform exacerbates video game addiction in its users, saying the family behind the suit agreed to its arbitration clause dozens of times.

Motion attached | Read full article » | Save to favorites »

INTELLECTUAL PROPERTY

Epic Games, Ex-Contractor Settle 'Fortnite' Leak Claims

By Abigail Harrison

"Fortnite"-maker Epic Games Inc. and an ex-contractor have settled the former's claims that the latter leaked secrets on social media, according to a motion Epic filed seeking a court order memorializing the parties' deal barring the ex-contractor from possessing or using its confidential information and trade secrets.

Motion attached | Read full article » | Save to favorites »

MEDIA & ENTERTAINMENT

Ye Nears Deal To End Ex-Assistant's Sexual Harassment Suit

By Craig Clough

The rapper formerly known as Kanye West has reached a settlement-in-principle with a former assistant who accused him of sexually harassing her by sending her inappropriate and profane texts and by forcing her to watch him masturbate, attorneys for the parties told a Los Angeles judge Monday. 

Read full article » | Save to favorites »

Argentine Singer Says Universal Illegally Distributed His Music

By David Minsky

Universal Music Group NV wrongly assumed it still owned the rights to distribute an Argentine singer's music after the termination of a distribution agreement, the singer told a Florida federal court Monday, saying UMG interfered in his contract with a new record label and owes him unpaid royalties.

Complaint attached | Read full article » | Save to favorites »

EMPLOYMENT

Talent Firm Says SheFit Ignored Advice During CEO Search

By Susan Smiley

Talent search firm ZRG Partners has asked a Michigan federal judge to toss a breach of contract suit brought by bra maker SheFit accusing the firm of making a multimillion-dollar flub in a CEO search, arguing the company ignored the firm's recommendation to interview several candidates.

Motion attached | Read full article » | Save to favorites »

SECURITIES & WHITE COLLAR

BNY Mellon Investors Can Appeal Loss In Self-Dealing Suit

By Katryna Perera

A Pennsylvania federal judge has granted two Bank of New York Mellon investors' bid to appeal an order dismissing their claims that the bank breached investment management agreements by investing in underperforming mutual funds with which it was affiliated.

Order attached | Read full article » | Save to favorites »

GOVERNMENT CONTRACTS

Investor Seeks Dominican Republic Assets For $44M Award

By Elaine Briseño

A billionaire businessman is seeking to seize the Dominican Republic's assets to satisfy a $43.7 million arbitral award stemming from the termination of a landfill concession, arguing that three months has elapsed since the D.C. federal court issued its order.

Brief attached | Read full article » | Save to favorites »

Ex-Sales Director Says Fortive Unit Used RIF To Mask Firing

By Benjamin Morse

A former employee of a Fortive medical equipment subsidiary urged a Colorado federal judge to reject the unit and its parent's bid for an early win in her retaliation suit, saying evidence shows a restructuring masked her firing after she challenged government pricing violations.

Response attached | Read full article » | Save to favorites »

PRIVATE EQUITY

Harvey Gulf CEO Sued In Chancery Over Alleged Control Grab

By Jarek Rutz

Black Diamond-affiliated investment funds sued Harvey Gulf International Marine Inc.'s chief executive and other major stockholders in the Delaware Chancery Court, alleging they improperly orchestrated a stock transfer that gave CEO Shane J. Guidry majority control of the offshore vessel company.

Complaint attached | Read full article » | Save to favorites »

EXPERT ANALYSIS

Google Antitrust Case Puts Spotlight On De Facto Exclusivity

Mozilla's recent amicus filing in U.S. v. Google arguing that its agreement to make Google the default search engine did not amount to de facto exclusivity highlights the growing debate over traditional indicators of exclusivity, with implications for any business that uses rebates, preferred contracts or volume incentives, says Chris Gowen at WilmU Farnan School of Law.

Read full article » | Save to favorites »

8 Ways 2026's Market Divide Is Rewriting Real Estate Risk

As construction activity increasingly concentrates in data centers, healthcare and other resilient sectors, real estate developers and their counsel in the second half of 2026 should consider earlier risk allocation and more protective contract terms, and expect greater pressure on labor, pricing and infrastructure, say attorneys at Cozen O'Connor.

Read full article » | Save to favorites »

A Framework For Volume Dispute Damages In Oil, Gas M&A

With every major upstream oil and gas consolidation in recent years having resulted in minimum volume commitment disputes, experts testifying in such litigation must use a five-step framework for calculating lost profits that accounts for the option structure embedded in the contract, says Robert Foss at Hinds Feat Advisors.

Read full article » | Save to favorites »

Ill. Law Firm MSO Bill Clashes With Court Power, Ethics Rules

An Illinois bill prohibiting law firms from certain business arrangements with management service organizations, sent to the governor for signature last week, encroaches upon the courts' constitutional powers and goes beyond the Illinois Rules of Professional Conduct in regulating investment in law-related services, says Matthew O’Hara at Smith Gambrell.

Read full article » | Save to favorites »

LEGAL INDUSTRY

Justice Jackson Tops High Court Book Earnings In 2025

By Ryan Boysen

U.S. Supreme Court Justice Ketanji Brown Jackson made nearly $1.2 million in book royalties last year, bringing her total to $4.14 million and making her the most highly compensated author on the high court, according to financial disclosure forms released Monday.

9 documents attached | Read full article » | Save to favorites »

Judge Limits Vegas Trip For BigLaw Insider Trading Defendant

By Julie Manganis

A Massachusetts federal magistrate judge said Monday a defendant described by prosecutors as a "lynchpin" in the BigLaw insider trading case must limit a planned visit to Las Vegas next month to just two nights, saying she also has "concerns about the validity" of a financial statement he provided to obtain a federal defender.

2 documents attached | Read full article » | Save to favorites »

Harris Beach Murtha To Combine With Peabody & Arnold

By Christine DeRosa

Harris Beach Murtha Cullina PLLC is set to expand its footprint in the Northeast through a combination with Boston firm Peabody & Arnold LLP.

Read full article » | Save to favorites »

Texas Supreme Court Weighs New Rules To Tackle AI Misuse

By Lynn LaRowe

The Texas Supreme Court has proposed rule changes intended to address the misuse of artificial intelligence, including outlining possible sanctions and requiring signatories to attest to a filing's accuracy, just as a recent state bar survey showed AI use among Lone Star State lawyers more than doubling since 2024.

Read full article » | Save to favorites »

Analysis

Volatility May Follow As Justices Make Agency Firings Easier​​​​​​​

By Sarah Jarvis

The policies and enforcement priorities of federal agencies may fluctuate more rapidly based on who is president, as a result of the U.S. Supreme Court's Monday decision finding that presidents have unlimited authority to fire members of independent agencies, experts told Law360.

Read full article » | Save to favorites »

Analysis

The End Of An 'Independent' FTC

By Bryan Koenig

Federal Trade Commission members, responsible for merger review, antitrust enforcement, consumer protection safeguards and rulemaking, and industry analysis, no longer serve at a remove from presidential authority, thanks to Monday's U.S. Supreme Court ruling that could dramatically remake the FTC and other independent agencies.

Read full article » | Save to favorites »

Analysis

High Court Gives Fed Independence A 'Fragile' Reprieve

By Jon Hill

The U.S. Supreme Court has thrown its weight behind Federal Reserve independence by rejecting President Donald Trump's bid to immediately oust Fed Gov. Lisa Cook, but experts say the fight over central bank control may not be finished — just moving to a new phase.

Read full article » | Save to favorites »

DC Ethics Counsel Conflicted In Ethics Case, DOJ Atty Says

By Emily Sawicki

A former interim U.S. attorney for Washington, D.C., is urging the D.C. federal court to disqualify the District of Columbia ethics counsel from pursuing an ethics case against him, arguing that the attorney and another lawyer from his office are conflicted and that their impartiality is in question.

Motion attached | Read full article » | Save to favorites »

Sotomayor Says 7th Circ. 'Clearly Wrong' In Immunity Ruling

By Parker Quinlan

The U.S. Supreme Court on Monday refused to take up a case over whether qualified immunity was correctly granted to two Wisconsin prison guards who left a naked man in an often freezing cold cell for 23 hours, drawing a dissent from Justices Sonia Sotomayor, Elena Kagan and Ketanji Brown Jackson.

1 document attached | Read full article » | Save to favorites »

Analysis

Justices Look To Shed Light On Jury Role In Pepsi TM Battle

By Ivan Moreno

The U.S. Supreme Court's decision to hear a trademark fight over PepsiCo's "Mtn Dew Rise Energy" drink gives the justices a chance to clarify when juries, rather than judges, should decide whether a mark is inherently strong — a narrow question that attorneys say could affect how often infringement cases survive summary judgment.

Read full article » | Save to favorites »

Ex-Pa. AG, Trump Defense Firm Want Malpractice Claims Axed

By James Boyle

An elections nonprofit is seeking to keep alive its malpractice claim against the former acting attorney general of Pennsylvania and his firm, van der Veen Hartshorn & Levin, filing a quick response over the weekend to a motion to dismiss its amended complaint in Pennsylvania federal court.

2 documents attached | Read full article » | Save to favorites »

gray blue promo that reads Law360 Pulse Lawyer Satisfaction Survey gray blue promo that reads Law360 400

LAW FIRMS IN TODAY'S NEWS

Affeld England

Aylstock Witkin

Bentley & More

Bloom Firm

Caldwell Carlson

Campbell Killin

Chipman Brown

Clyde & Co

Councill Gunnemann

Covington & Burling

Cozen O'Connor

Crowell & Moring

Curtis Mallet-Prevost

Davis Wright Tremaine

DeCaro Doran

Dowd & Dowd Ltd

Frank & Frank Law

Freeman Mathis

Friedland Cianfrani

Goodwin Procter

GrayRobinson

Gupta Wessler

HSF Kramer

Harris Beach Murtha

Hedrick Gardner

Hogan Lovells

Hueston Hennigan

Kaufman Dolowich

Latham & Watkins

Lex Lumina

Loeb & Loeb

Martorell Law

Mayer Brown

McCarter & English

McGrath Kavinoky

Ogletree Deakins

Orrick Herrington

Peabody & Arnold

Peiffer Wolf

Perkins Coie

Pietragallo Gordon

Pritzker Hageman

Reed Smith

Robinson & Cole

Sheppard Mullin

Sidley Austin

Silver Golub

Smith Gambrell

Starr Butler

Stearns Weaver

Stradley Ronon

Venable LLP

Wiggin & Dana

Wiley Rein

Williams Mullen

Wolfe Law Miami

Zeman & Womble

COMPANIES IN TODAY'S NEWS

AXA XL Ltd.

Aetna Inc.

Amazon.com Inc.

American Bar Association

American Express Co.

Amicus

BC Partners

BNY Mellon Investment Management

Brookfield Asset Management Ltd.

Brunswick Corp.

Chevron Corp.

Chewy Inc.

ConstructConnect Inc.

Consumer Attorneys of California

Coterra Energy Inc.

Devon Energy Corp.

Discord Inc.

Epic Games Inc.

First Capital, Inc.

Ford Motor Co.

Fortive Corp.

George Washington University

Gleason Corp.

Google LLC

HarperCollins Publishers LLC

Horizon Blue Cross Blue Shield of New Jersey

Independence Blue Cross Inc.

Ingram Micro Holding Corp.

Instagram Inc.

International Centre for Settlement of Investment Disputes

Jones Lang LaSalle Inc.

Learning Resources Inc.

MGM Grand Hotel LLC

Mercury General Corp.

Meritain Health Inc.

Meta Platforms Inc.

Microsoft Corp.

Mortgage Bankers Association

Mozilla Corp.

Netflix Inc.

New Civil Liberties Alliance

PepsiCo Inc.

Platinum Equity LLC

Public Citizen Inc.

Quikrete Holdings Inc.

Roblox Corp.

Samsung Electronics Co. Ltd.

Spectrum Management Holding Co.

Summit Materials Inc.

Summit Midstream Partners

TJC LP

Tampa Electric Co.

TerraForm Power Inc.

The Bank of New York Mellon Corp.

The District of Columbia Bar

The State University of New York

The Trade Desk Inc.

The Venetian Las Vegas

Truist Financial Corp.

UCLA Health System

UCLA School of Law

Universal Music Group NV

Visa Inc.

Warner Music Group Corp.

Washington Legal Foundation

Willis Towers Watson PLC

ZipRecruiter Inc.

GOVERNMENT AGENCIES IN TODAY'S NEWS

California Supreme Court

Delaware Court of Chancery

Executive Office of the President

Federal Bureau of Investigation

Federal Energy Regulatory Commission

Federal Reserve System

Federal Trade Commission

Illinois General Assembly

Illinois Supreme Court

Los Angeles Superior Court

National Labor Relations Board

New Jersey Supreme Court

New York Attorney General's Office

Texas Supreme Court

U.S. Attorney's Office for the District of Massachusetts

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

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

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

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 Michigan

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

U.S. Securities and Exchange Commission

U.S. Supreme Court

U.S. Tax Court

United States District Court for the District of Colorado

Wisconsin Department of Justice