Top Dems Launch Probe Into Trump Admin's Nvidia Dealings

By Dylan Moroses

The top Democratic lawmakers on the Senate Finance and House Ways and Means committees launched an investigation Thursday into the Trump administration's recent dealings with Nvidia following the resignation of its CEO, Jensen Huang.

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Nvidia Investor Sues Board Over Ex-CEO's Alleged Spy Affair

By Jessica Corso

Nvidia Corp.'s board of directors and its executive leadership team are facing a lawsuit in California federal court accusing them of earning $2 billion in insider trades while ignoring red flags about an affair that now-ousted CEO Jensen Huang had with an alleged Chinese spy.

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Alphabet Board Accused Of Ignoring 'Blazing Red' AI Flags

By Bonnie Eslinger

Alphabet's Board is ignoring red flags that the Google parent is misleading the public and unlawfully training its artificial intelligence models on creative works, images and voiceprints resulting in a costly "tidal wave of litigation" for copyright and biometric information infringement, a derivative lawsuit filed in California federal court alleges.

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Ex-Wine Co. Exec Had 'Unusual' Distributions Deal, Jury Told

By Aaron Keller

The former president of a company that controls Josh Cellars wines was warned his employment and operating agreements could require a "very long" wait for possible distributions from a trademark holding entity, the executive's personal lawyer testified Thursday during a breach of contract trial in Connecticut state court.

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Ex-Cravath Staffer Charged With Insider Trading

By Stewart Bishop

A former employee at Cravath Swaine & Moore LLP on Thursday was arrested and charged with insider trading for allegedly exploiting nonpublic information about major deals involving the firm's clients, including Paramount Skydance Corp.'s $110 billion acquisition of Warner Bros. Discovery Inc.

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NYC Becomes 2nd City To Ban Data-Driven Pricing

By Lauren Berg

The New York City Council on Thursday overwhelmingly approved a measure to ban companies from using personal data to offer different prices to different customers for the same goods and services, becoming the second city to prohibit the increasingly prevalent practice known as surveillance pricing.

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Family Dollar Settles FTC, States' Pricing Claims For $63M

By Jared Foretek

Family Dollar agreed Thursday to spend $63 million to settle a lawsuit from the Federal Trade Commission and 17 state attorneys general accusing it of charging customers above advertised prices on shelves and price tags.

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Importers Sharpen Class Definition In Tariff Refund Suit

By Dylan Moroses

Representatives for the approved class of importers that paid illegal duties filed a proposed order authorizing U.S. Customs and Border Protection to refund the entirety of tariffs paid that were installed under the International Emergency Economic Powers Act, according to a submission filed in the U.S. Court of International Trade.

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GM To Depose Ex-FCA Exec Again After Judge Flags Gaps

By Susan Smiley

Former Fiat Chrysler Automobiles executive Alphons Iacobelli can be deposed a second time by counsel for General Motors LLC, a Michigan state judge ruled Thursday, emphasizing that Iacobelli must turn over all documents requested by GM and that omitting pertinent information from his testimony is not an option.

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AI Firm's $170M Merger Built On False Promises, Suit Says

By Jarek Rutz

The founders of technology company Constellation Network Inc. have accused artificial intelligence holding company AIAI Holdings Corp. and its chairman of fraudulently enticing them into a $170 million merger, then withholding promised funding that left their business on the brink of collapse.

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Insurance CEO Asks Jurors To Uphold $8M Promise

By George Woolston

The CEO of Cure Auto Insurance asked a New Jersey federal jury Thursday to hold two businessmen to their promise that he would receive 15% of the proceeds if a venture the three men started ever sold.

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Krispy Kreme CEO Sued Again Over Holes In McDonald's Deal

By Matthew Santoni

Another shareholder has sued on behalf of Krispy Kreme over its executives' alleged overselling of a donut distribution deal with McDonald's, this time in Delaware federal court.

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Judge Favors Arbitration Of Ex-Jackson Lewis Atty's Bias Suit

By Grace Elletson

A California federal judge appears poised to back Jackson Lewis' bid to force a disability bias suit from one of its former attorneys into arbitration, according to a tentative Thursday order which said he's not persuaded that a law barring mandatory arbitration of sexual harassment disputes covered her case.

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Paul Weiss Hires S&C Duo For New Silicon Valley Office

By Bonnie Eslinger

Paul Weiss Rifkind Wharton & Garrison has launched a new office in Silicon Valley and its first two partners are Nader Mousavi and Mark Schenkel, prominent corporate dealmakers from rival Sullivan & Cromwell, according to a person familiar with the expansion.

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Holland & Knight Adds Balch & Bingham Finance Atty In Fla.

By Rose Krebs

Holland & Knight LLP announced Thursday that it has brought on a financial services attorney from Balch & Bingham LLP who also has more than a decade of in-house experience.

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SEC's History Undercuts Its 'Back To Basics' Rationale

The current U.S. Securities and Exchange Commission's enforcement recalibration prioritizing fraud over technical violations has led to a drastic decline in enforcement activity, but the philosophy deviates from decades of enforcement that has always promoted compliance with its prophylactic requirements, says Gerald Hodgkins at Covington.

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Opinion

Large Meta Penalties Shouldn't Shape State AG Playbook

Meta Platforms' $17.1 billion settlement in California federal court and two New Mexico verdicts against the company resulting in large penalties are drawing renewed attention to the question of how state attorneys general should calculate civil penalties, but regulators and companies should treat the decisions as outliers, not a template, say attorneys at Troutman.

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Posner Remembered For Wide Influence, Pragmatic Approach

By Ryan Boysen

The iconoclastic, prolific and hugely influential U.S. Circuit Court Judge Richard A. Posner is being remembered for a lifetime of relentless advocacy for a more pragmatic approach to the law and a legacy that will ripple through American jurisprudence for decades to come.

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Remembering Richard Posner: A Prolific Jurist

Judge Richard Posner died Tuesday at age 87, leaving a legacy as one of the most influential members of the judiciary who never served on the U.S. Supreme Court. Here, Law360 revisits its coverage over the years of the prolific retired Seventh Circuit judge, including interviews with him about his pragmatic approach to the law, his belief that the courts mistreat pro se litigants and his love of felines.

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Foley Revamps Associate Pay, Advancement Structure

By James Boyle

Foley & Lardner LLP is the latest law firm to alter the way it handles associate compensation and advancement to keep in line with Milbank LLP's update of its own associate pay scale in July.

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Weil's 1,000 Staff Face 'Absorption' Issue In Hunt For Roles

By Daniel Moritz-Rabson

As the approximately 1,000 professional staff members at Weil Gotshal & Manges LLP look for new roles, they're likely to encounter a more difficult job market than the firm's attorneys, recruiters told Law360 Pulse.

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DOJ Exodus Leaves Trump Facing Confirmation Crunch

By Courtney Bublé

Since the Democrats' sweeping victories on Election Day, there has been an exodus of top officials at the U.S. Department of Justice and prospects for confirming permanent replacement are slim.

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Feature

The Go-To Firms For Insurance Litigation In 2026

By Hope Patti

A Florida-based law firm filed the most insurance coverage actions in the first half of 2026, primarily representing policyholders in property damage disputes, while BigLaw firm Gordon Rees Scully Mansukhani was the most frequent choice among insurer defendants.

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Senate Confirms First Judge Of Lame-Duck Period

By Courtney Bublé

The U.S. Senate confirmed Alabama Supreme Court Justice Gregory Cook to the Northern District of Alabama on Thursday, marking the first judicial confirmation of the lame-duck period.

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Proskauer Won't Rep Perplexity In Reddit Data-Scraping Suit

By Matthew Perlman

Perplexity AI Inc. has abandoned its effort to have Proskauer Rose LLP defend against a data-scraping lawsuit from Reddit Inc. after Reddit raised concerns about the law firm's past representation of the social media company.

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Arbitration Assoc. Wants Consumers' Monopoly Suit Tossed

By Rae Ann Varona

The American Arbitration Association urged an Arizona federal court Thursday to toss a proposed class action that accuses the organization of monopolizing the consumer arbitration services market, saying the plaintiff consumers are trying to hold it liable for contracts it never entered into.

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