CyberSec Pro Stole $53M In Uranium Finance Heist, Jury Told

By Stewart Bishop

A prosecutor on Monday told a Manhattan federal jury that a Maryland cybersecurity consultant stole around $53 million in crypto by exploiting software bugs on the decentralized exchange Uranium Finance, while defense counsel argued that the government won't be able to show "whose fingers were on the keyboard."

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Parler Wasn't Worth Much When CEO Was Fired, Jury Told

By Cara Salvatore

A company valuation expert testified Monday in the trial over Parler's 2021 ouster of its CEO that the company had little value at the time and that insider estimates in the hundreds of millions of dollars were "speculation."

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DOJ Wants DHS Free To Seek Driver Records Despite Block

By Jared Foretek

The U.S. Department of Justice asked a Virginia federal judge to clarify that an injunction barring the U.S. Department of Transportation from punishing states over withheld commercial driver's license data doesn't stop other agencies like the U.S. Department of Homeland Security from seeking the records through subpoenas or criminal investigations.

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Roblox, Epic Can't Force Arbitration In Gaming Addiction Suit

By Mike Curley

A Pennsylvania federal judge won't let Roblox Corp., Epic Games Inc., Microsoft Corp. and Mojang AB compel arbitration in a suit by a minor alleging that they became addicted to video games, hurting their mental health.

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CFPB Rips Bid To Ax $43M Debt-Relief Win As 'Frivolous'

By Joyce Hanson

The Consumer Financial Protection Bureau has urged the Seventh Circuit to uphold a more than $43 million enforcement judgment against the former operator of a defunct debt relief provider, defending the agency's lower-court win in a case that has stretched across three presidential terms.

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Grok-Maker Can't Get Deepfake Suit Paused Or Transferred

By Hailey Konnath

Elon Musk's artificial intelligence company must continue battling a proposed class action brought by women suing over Grok-generated deepfakes of them in sexual situations, a California federal judge ruled Monday, declining to pause or transfer the suit to Texas.

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Calif. Governor Vetoes Broad Ban On Sensitive Data Sales

By Allison Grande

California's governor has refused to sign off on legislation that would have made the state the latest to restrict the sale and sharing of consumers' geolocation, biometric and other sensitive information, saying the proposed "categorical ban" on these online data practices was "a step too far."

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Brief

Don't Overstep On Submarine Cable License Regs, FCC Told

By Nadia Dreid

The Federal Communications Commission should shy away from implementing regulations for submarine cable landing licenses that would apply a uniform standard to all cable systems regardless of risk, says one of the country's biggest telecom trade groups.

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Al-Qaida, ISIS Victims Sue Ericsson Over Alleged Payoffs

By Aneeta Mathur-Ashton

American victims of al-Qaida and Islamic State attacks and their families have sued telecommunications provider Ericsson and its CEO, Börje Ekholm, saying the company paid the groups protection money in Iraq and hid the payments from U.S. counterterrorism officials.

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Atty's Suit Over His Meme Coin Hack Sent To Arbitration

By Aislinn Keely

A New York federal judge Monday ruled that a crypto-focused attorney must arbitrate his claims that wallet provider Phantom Technologies Inc. enabled the hack that stole half a million dollars from his dog-themed meme coin project.

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WordPress Parent Ducks Extortion But Not Antitrust Claims

By Bryan Koenig

A California federal judge issued a mixed ruling last week in the two-way fight between WordPress parent Automattic and web hosting company WPEngine, dismissing digital extortion claims against Automattic while preserving WPEngine's antitrust allegations, and preserving Automattic counterclaims of trademark infringement but dismissing false advertising accusations.

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Atlanta Consulting Firm Sued Over May Data Breach

By Kelcey Caulder

Aprio Advisory Group LLC was hit with a proposed class action in Georgia federal court by a former employee who said its lax data security measures led to a data breach in May that exposed the personal information of hundreds, if not thousands, of people.

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Kirkland, White & Case Lead Defense Firm's $1.25B SPAC Deal

By Al Barbarino

REDLattice and blank check company Bold Eagle Acquisition Corp. said Monday they have agreed to merge in a deal that would take the cyber intelligence company public at a $1.25 billion premoney enterprise value.

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HPE-Juniper Settlement Teaches Key Tunney Act Lessons

A California federal court's recent approval of the U.S. Department of Justice's settlement with Hewlett Packard over its Juniper Networks acquisition offers legal practitioners some crucial lessons, including on unique tech-sector remedies for mergers and acquisitions and the continued viability of the Tunney Act, says Shubha Ghosh at Syracuse University College of Law.

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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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