TikTok on Tuesday lodged its highly anticipated challenge to a new federal law that would exclude the popular app from the U.S. market unless it cuts ties with its Chinese parent company, telling the D.C. Circuit that the measure amounts to an unconstitutional and unprecedented ban on free speech. 
Law360
Corporate
WEDNESDAY, MAY 8, 2024 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

TikTok_Law_50577.jpg

TikTok Urges DC Circ. To Ax 'Unprecedented' Divestment Bill

By Allison Grande

TikTok on Tuesday lodged its highly anticipated challenge to a new federal law that would exclude the popular app from the U.S. market unless it cuts ties with its Chinese parent company, telling the D.C. Circuit that the measure amounts to an unconstitutional and unprecedented ban on free speech. 

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

DOJ's 'Dr. Doom' Sees AI's Crime-Fighting Abilities, And Risks

By Hannah Albarazi

The U.S. Department of Justice is using artificial intelligence to bolster its investigations, including into the Jan. 6 attack on the U.S. Capitol, said U.S. Deputy Attorney General Lisa Monaco on Tuesday at a cybersecurity conference at which she dove into the beneficial uses of AI alongside its threats to security and democracy.

Read full article » | Save to favorites »

Starbucks Can't End Investor Suit Over Union-Busting Stance

By Rachel Riley

A Washington state judge won't toss a shareholder suit accusing Starbucks' corporate leadership of diminishing stock values by allowing store managers to quash baristas' organizing efforts.

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

Gov't Enforcement Concerns Employers, Littler Report Finds

By Irene Spezzamonte

Almost three-quarters of U.S. employers share great concern over the impact the U.S. Department of Labor's and the National Labor Relations Board's enforcement actions will have on their businesses, according to a survey Littler Mendelson PC released Wednesday.

Read full article » | Save to favorites »

Analysis

Hytera Sanctions Show Strength Of Antisuit Injunctions

By Dani Kass

The Seventh Circuit's decision upholding $1 million a day in sanctions against Hytera Communications for violating an order to drop trade secrets and copyright litigation in China highlights the difficulty for lawyers when working alongside Chinese courts, while affirming to patent attorneys how powerful antisuit injunctions can be.

Read full article » | Save to favorites »

Q&A

Venable Trade Co-Chair Shares Hot Takes On US Steel-Nippon

By Al Barbarino

Back in December, Venable LLP partner Ashley Craig, co-chair of the firm's international trade group, spoke with Law360 just after U.S. Steel disclosed its agreement to be sold to Nippon Steel. Now, he shares his thoughts on the latest developments, including the White House coming out forcefully against the deal and the U.S. Department of Justice launching a probe into it.

Read full article » | Save to favorites »

ENFORCEMENT

FDIC Review Flags 'Patriarchal' Workplace, Chief's 'Temper'

By Jon Hill

The Federal Deposit Insurance Corp.'s workplace culture has suffered "far too long" from sexual harassment, discrimination and other abuses that higher-ups failed to adequately address, according to a report released Tuesday that is drawing renewed calls for FDIC Chairman Martin Gruenberg's exit.

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

GOP Reps. Want IP Enforcers To Get Tougher On Infringers

By Andrew Karpan

Republican lawmakers complained at a Tuesday congressional hearing about the Biden administration's move to end the controversial Trump-era "China Initiative" aimed at curbing suspected economic espionage and questioned administration officials over how diligently they have pursued intellectual property cases on behalf of U.S. manufacturers, retailers, movie studios and vape companies.

Read full article » | Save to favorites »

DOL Official Says Expect Pension De-Risking Report Soon

By Kellie Mejdrich

The U.S. Department of Labor's employee benefits chief said Tuesday the agency expects to submit a report to Congress shortly on so-called pension risk transfers, which involve the exchange of defined benefit pension plan liabilities for annuity insurance contracts.

Read full article » | Save to favorites »

LITIGATION

Apple's $490M Investor Deal Needs 'A Little Bit More Work'

By Bonnie Eslinger

A California federal judge refused Tuesday to preliminarily approve Apple's $490 million deal to end investors' class action alleging they were misled about iPhone sales in China, saying that while key terms are "satisfactory," the plan needs "a little bit more work," like fixing a "convoluted" notice to investors.

Read full article » | Save to favorites »

Novant CEO Vows To Improve Hospitals Facing FTC Scrutiny

By Hayley Fowler

Novant Health kicked off its defense Tuesday in the Federal Trade Commission's $320 million merger challenge with testimony from its longtime CEO, who vocalized the health system's promise to reinvest in the two struggling hospitals at the center of the case.

Read full article » | Save to favorites »

Google Founder And CEO Eyed In Texas Deposition Push

By Peter McGuire

Texas and allied states have pressed a Texas federal judge not to release Google co-founder Sergey Brin and CEO Sundar Pichai from sitting for depositions in a suit alleging the tech company illegally dominated the online advertising market.

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

SEC Says Morrison Can't Save Terraform From Disgorgement

By Aislinn Keely

The U.S. Securities and Exchange Commission said bankrupt crypto firm Terraform Labs should remain on the hook for potentially $3.6 billion in disgorgement over its fraud trial loss, saying any claims that its unregistered transactions took place beyond the court's reach are undermined by the agency's congressional authority.

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

Panera To Nix 'Charged' Drink At Center Of Death Suits

By Jonathan Capriel

Panera Bread Co. will soon no longer serve its "Charged Lemonade," the caffeinated drink at the center of two lawsuits that claim the restaurant chain is liable for the wrongful death of two patrons.

Read full article » | Save to favorites »

Truth Social Investor Grilled By Feds At Insider Trading Trial

By Pete Brush

A Florida investment pro on trial for allegedly exploiting confidential plans to take Truth Social public in a $23 million insider trading case was challenged Tuesday by prosecutors on the timing of trades and communications before the "special" media deal.

Read full article » | Save to favorites »

Amazon, Epson Unite To Go After Printer Ink Counterfeiters

By Gina Kim

Amazon and Seiko Epson have teamed up to go after several bad actors in Turkey and the United Kingdom that are allegedly hawking knockoff Epson printer ink bottles and cartridges on Amazon's platform, according to a trademark infringement action filed in the Western District of Washington.  

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

PEOPLE

Ex-SEC Trading And Markets Atty Rejoins Davis Wright In DC

By Jack Rodgers

A former 30-year veteran of the U.S. Securities and Exchange Commission's division of trading and markets, has left retirement to rejoin the ranks of Davis Wright Tremaine LLP as an of counsel in Washington, D.C., the firm announced Monday.

Read full article » | Save to favorites »

Fisher Phillips Adds Ex-Lyons HR GC To Employment Group

By Emily Johnson

Employer-side labor and employment law firm Fisher Phillips has brought on the former general counsel and senior vice president of human resources for professional employer organization Lyons HR to its Atlanta office, strengthening its professional employer organization and staffing practice.

Read full article » | Save to favorites »

EXPERT ANALYSIS

Opinion

SEC Doesn't Have Legal Authority For Climate Disclosure Rule

Instead of making the required legal argument to establish its authority, the U.S. Securities and Exchange Commission's climate-related disclosure rule hides behind more than 1,000 references to materiality to give the appearance that its rule is legally defensible, says Bernard Sharfman at RealClearFoundation.

Read full article » | Save to favorites »

FTC Noncompete Rule May Still Face Historical Hurdles

The Federal Trade Commission's final rule banning noncompetes might face challenges that could have been avoided with more cautious consideration of the commission's long history of failed lawsuits that went beyond the agency's statutory authority, as well as the mountain of judicial precedent justifying noncompete agreements in employment contracts, say attorneys at BakerHostetler.

Final Rule attached | Read full article » | Save to favorites »

What 100 Federal Cases Suggest About Changes To Chevron

With the U.S. Supreme Court poised to overturn or narrow its 40-year-old doctrine of Chevron deference, a review of 100 recent federal district court decisions confirm that changes to the Chevron framework will have broad ramifications — but the magnitude of the impact will depend on the details of the high court's ruling, say Kali Schellenberg and Jon Cochran at LeVan Stapleton.

Read full article » | Save to favorites »

A Recipe For Growth Equity Investing In A Slow M&A Market

Carl Marcellino at Ropes & Gray discusses the factors bolstering appetite for growth equity fundraising in a depressed M&A market, and walks through the deal terms and other ingredients that set growth equity transactions apart from bread-and-butter venture capital investing.

Read full article » | Save to favorites »

Patent Damages Jury Verdicts Aren't Always End Of The Story

Recent outcomes demonstrate that patent damages jury verdicts are often challenged and are overturned approximately one-third of the time, and successful verdict challenges typically occur at the appellate level and concern patent validity and infringement, say James Donohue and Marie Sanyal at Charles River.

Read full article » | Save to favorites »

Key Priorities In FDIC Report On Resolving Big Bank Failures

The Federal Deposit Insurance Corp.'s report last month on the resolvability of large financial institutions contains little new information, but it does reiterate key policy priorities, including the agency's desire to enhance loss-absorbing capacity through long-term debt requirements and preference for single-point-of-entry resolution strategies, say attorneys at Freshfields.

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

Justices' Title VII Ruling Requires Greater Employer Vigilance

The U.S. Supreme Court’s recent Muldrow v. St. Louis ruling expands the types of employment decisions that can be challenged under Title VII, so employers will need to carefully review decisions that affect a term, condition or privilege of employment, say attorneys at Morgan Lewis.

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

LEGAL INDUSTRY

Analysis

In Story Of Sex And Lies, Can Cohen Write Final Chapter?

By Phillip Bantz

The Manhattan District Attorney's Office has told a story of scandal and scheming to the jury in Donald Trump's criminal hush money trial, setting the stage for the prosecution's star witness to take the stand and wrap up the narrative.

Read full article » | Save to favorites »

Ex-McElroy Deutsch CFO Cops To $1.5M Theft From Firm

By George Woolston

McElroy Deutsch Mulvaney & Carpenter LLP's former chief financial officer admitted Wednesday to embezzling more than $1.5 million from the firm and failing to pay income tax, New Jersey Attorney General Matthew J. Platkin announced.

Read full article » | Save to favorites »

Lewis Brisbois Atty Fatally Shot In McDonald's Altercation

By Ryan Boysen

A Lewis Brisbois Bisgaard & Smith LLP attorney was fatally shot at a McDonald's in Houston after reportedly stepping in as a good Samaritan and attempting to calm down an irate customer who'd been arguing with staff at the fast food restaurant.

Read full article » | Save to favorites »

Titan Of The Plaintiffs Bar: Lieff Cabraser's Kelly Dermody

By Irene Spezzamonte

A semester off from Harvard University in the late 1980s meant for reflection instead turned into a pivotal moment in Kelly Dermody's life, settling the roots for her successful career during which she has become a lighthouse for employment and discrimination cases.

Read full article » | Save to favorites »

ABA Will Study Rape Questions' Necessity For Bar Applicants

By Cara Bayles

An American Bar Association commission will issue a report and recommendations by August on the practice of requiring would-be lawyers to disclose and discuss their experiences of sexual violence during the attorney licensure process.

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

ABA Directs Attys To Avoid Sharing Client Info On Listservs

By Emily Sawicki

It is in the best interest of clients for their legal counsel to avoid sharing information related to representation while seeking advice in an online listserv forum, if the comments or questions could be connected to a client's identity, according to American Bar Association guidance published Wednesday.

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

Ga. Appeals Court Will Review Trump DQ Bid In Election Case

By Kelcey Caulder

The Georgia Court of Appeals on Wednesday agreed to review a judge's ruling allowing Fulton County District Attorney Fani T. Willis to continue prosecuting the election interference case she brought against former President Donald Trump.

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

Fani Willis Is Outraising Primary Challenger More Than 5 To 1

By Chart Riggall

Less than two weeks from the first hurdle in her bid for reelection, Fulton County District Attorney Fani T. Willis is boasting a​​ campaign war chest more than five times heftier than her Democratic challenger's, according to campaign finance disclosures filed this week.

Read full article » | Save to favorites »

Biden Picks US Magistrate Judge In Fla. For 11th Circ.

By Courtney Bublé

President Joe Biden announced Wednesday his intent to nominate U.S. Magistrate Judge Embry J. Kidd to the Eleventh Circuit.

Read full article » | Save to favorites »

Robins Kaplan File Flub Bad Look For Both Sides, Panel Says

By Rachel Scharf

A Manhattan appeals panel expressed concern Wednesday that Robins Kaplan LLP had poked through an opposing party's Dropbox database that was accidentally shared in investor litigation, while also criticizing the other side for failing to catch the error.

Read full article » | Save to favorites »

NJ Justices Approve Measures For Helping Atty Well-Being

By Emily Johnson

The New Jersey Supreme Court has accepted several recommendations from its committee focused on attorney well-being, paving the way for the committee to examine how attorneys can briefly postpone court dates or possibly receive an extension to meet deadlines so they can handle pressing wellness needs.

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

Legal Access Program Being Set Up For Separated Families

By Alyssa Aquino

The Biden administration has tapped the Acacia Center for Justice to manage a court-ordered legal access program to help migrant families stay in the U.S. after they were separated under a Trump-era policy to prosecute anybody caught entering the country unlawfully.

Read full article » | Save to favorites »

Colo. Judges Urge Attys To Take On More Pro Se Cases

By Thy Vo

A group of Colorado federal judges tried Wednesday to recruit more lawyers to help pro se litigants, who file about a third of the district's cases each year, with the judges recounting tactical mistakes and case delays that attorneys could have prevented.

Read full article » | Save to favorites »

Series

Swimming Makes Me A Better Lawyer

Years of participation in swimming events, especially in the open water, have proven to be ideal preparation for appellate arguments in court — just as you must put your trust in the ocean when competing in a swim event, you must do the same with the judicial process, says John Kulewicz at Vorys.

Read full article » | Save to favorites »

Promo that reads Law360 2024 Titans of the Plaintiffs Bar Promo that reads Law360 Pulse 2024 AI Survey

LAW FIRMS IN TODAY'S NEWS

Aidala Bertuna

Baker & Hostetler

Bradley Arant

Buchalter APC

Burr & Forman

Caldwell Carlson

Cleary Gottlieb

Covington & Burling

Crowell & Moring

Davis & Wright

Davis Wright Tremaine LLP

Dentons

Fisher & Phillips

Ford O'Brien

Freshfields

Gibbons PC

Gibson Dunn

Greenberg Traurig

Griffin Durham

Hale Sides

Hamberger & Weiss

Jackson Walker LLP

Jenner & Block

Kaplan Hecker

Keller Postman

Kline & Specter

Labaton Keller

Lanier Law Firm

Law Office of Timothy F. McGoughran

LeVan Stapleton

Lewis Baach

Lewis Brisbois

Lieff Cabraser

Littler Mendelson

Mayer Brown

McCarter & English

McElroy Deutsch

Mintz Levin

Morgan Lewis

Nelson Mullins

Norton Rose

Orrick Herrington

Outten & Golden

Parker Poe

Paul Weiss

Perkins Coie

Pierson Law LLC

Pillsbury Winthrop

Robbins Geller

Robbins LLP

Robins Kaplan

Robinson Bradshaw

Ropes & Gray

Scott&Scott

Shapiro Arato

Shook Hardy

Spencer Fane

Tousley Brain

VanOverbeke Michaud

Venable LLP

Vorys

Wheeler Trigg

Williams & Connolly

Willkie Farr

Wilson Sonsini

Yetter Coleman

Zuckerman Spaeder

COMPANIES IN TODAY'S NEWS

ASUSTeK Computer Inc.

Amazon.com Inc.

American Bar Association

American Civil Liberties Union

American Express Co.

Anchor Glass Container Corp.

Apple Inc.

Atrium Health

Boise Cascade Co.

Boston College

ByteDance Ltd.

CRA International Inc.

CalAmp Corp.

California Institute of Technology

Cemex, S.A.B. de C.V.

Center for Justice

Chevron Corp.

Cisco Systems Inc.

Cleveland-Cliffs Inc.

Conversant Wireless Licensing Ltd.

Cornell University

DuPont de Nemours Inc.

Getty Images Inc.

Gilardi & Company LLC

Gilead Sciences Inc.

Google LLC

Guangdong OPPO Mobile Telecommunications Corp. Ltd.

Hamilton Beach Brands Inc.

Harvard University

HighLevel Inc.

Idenix Pharmaceuticals, Inc.

Intel Corp.

International Foundation of Employee Benefit Plans

Intuitive Surgical

Jump Trading LLC

L'Oreal SA

LG Electronics Inc.

LVMH Moet Hennessy

Lex Machina Inc.

LinkedIn Corp.

Los Angeles Rams

Lyons HR LLC

MSD Partners LP

McDonald's Corp.

McKinsey & Co. Inc.

MetLife Inc.

Morgan Stanley

Motorola Solutions Inc.

National Association for the Advancement of Colored People

National Australia Bank Ltd.

Natural Resources Defense Council

New Hanover Regional Medical Center

New Jersey State Bar Association

New Mountain Capital LLC

New York University

Nintendo Co. Ltd.

Novant Health Inc.

O-I Glass Inc.

Panera Bread Co.

Paramount Global

Public Broadcasting Service

Ryan LLC

Salvatore Ferragamo Italia SpA

Samsung Electronics Co. Ltd.

Seiko Epson Corp.

Sharp Corp.

Starbucks Corp.

Stericycle Inc.

Summit Partners

Telefonaktiebolaget LM Ericsson

The Goldman Sachs Group Inc.

The Leadership Conference on Civil & Human Rights

The Procter & Gamble Co.

The Rawlings Group

The State University of New York

TikTok Inc.

Trump Organization Inc.

Twitter Inc.

United Steelworkers

Walmart Inc.

Wi-LAN Inc.

YouTube Inc.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Committee on Foreign Investment in the United States

Employee Benefits Security Administration

Executive Office of the President

Federal Bureau of Investigation

Federal Communications Commission

Federal Deposit Insurance Corp.

Federal Reserve System

Federal Trade Commission

Financial Stability Oversight Council

Georgia Supreme Court

Manhattan District Attorney's Office

National Labor Relations Board

National Marine Fisheries Service

New Jersey Supreme Court

Office of the Comptroller of the Currency

Texas Attorney General's Office

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. Court of Appeals for the Eighth Circuit

U.S. Court of Appeals for the Federal 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 Seventh Circuit

U.S. Customs and Border Protection

U.S. Department of Commerce

U.S. Department of Justice

U.S. Department of Labor

U.S. Department of the Treasury

U.S. District Court for the District of Delaware

U.S. District Court for the District of Nebraska

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 Pennsylvania

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

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

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 California

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

U.S. District Court for the Western 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. Postal Service

U.S. Securities and Exchange Commission

U.S. Senate

U.S. Supreme Court

Wage and Hour Division