A three-justice Delaware Supreme Court panel has rejected with little comment a bid to revive a stockholder suit alleging disclosure failures and conflicted moves ahead of the $1.1 billion April 2019 sale of Smart & Final Stores Inc. to interests of Apollo Global Management.
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TOP NEWS

Del. Justices Nix Challenge To $1.1B Smart & Final Sale

By Jeff Montgomery

A three-justice Delaware Supreme Court panel has rejected with little comment a bid to revive a stockholder suit alleging disclosure failures and conflicted moves ahead of the $1.1 billion April 2019 sale of Smart & Final Stores Inc. to interests of Apollo Global Management.

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Insurance Broker Tech Leader Sued In Del. Over Market Power

By Jeff Montgomery

Alleging potential "mid-nine figures" in damages, insurance broker software venture Ardent Labs Inc. has filed a five-count suit in Delaware's Court of Chancery accusing an industry leader — Applied Systems Inc. — of "anticompetitive conduct that violates the letter and spirit of antitrust law."

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Analysis

Appeal Of US Atty Invalidations May Be 'Devastating' To DOJ

By Phillip Bantz

As the list of interim and acting U.S. attorneys found to be unlawfully appointed under President Donald Trump grows, so too does the pressure on his administration to make the next move, which could force a risky strategic decision on whether to push the issue up to the U.S. Supreme Court, experts said.

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BANKRUPTCY COURT

Judge OKs Plan Disclosures For AmeriFirst In Ch. 11

By Emily Lever

A Delaware bankruptcy judge agreed Thursday to grant conditional approval for bankruptcy mortgage servicer AmeriFirst's disclosure statement outlining its Chapter 11 plan, finding the objections raised by the U.S. Trustee's Office are best reserved for the plan confirmation hearing.

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DISTRICT COURT

Pharma Cos. Denied Early Win In States' Price-Fixing Suit

By Aaron Keller

Twenty-six pharmaceutical companies failed to secure a quick win on overarching conspiracy claims in an antitrust case by the attorneys general of Connecticut and most other states, with a federal judge finding the "substantial bulk of evidence" points toward a broad industry scheme to fix 98 dermatology drug prices.

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Judge Weighs Venue For $146M Chilean Hospital Award Feud

By Caroline Simson

A Connecticut federal judge Wednesday appeared sympathetic to arguments that a Chilean construction company's petition to enforce a $146.5 million arbitral award against Italian construction giant Webuild belongs in Italy.

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EXPERT ANALYSIS

Series

Preaching Makes Me A Better Lawyer

Becoming a Gospel preacher has enhanced my success as a trial lawyer by teaching me the importance of credibility, relatability, persuasiveness and thorough preparation for my congregants, the same skills needed with judges and juries in the courtroom, says Reginald Harris at Stinson.

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LEGAL INDUSTRY

Immigration Lawyers Battle Burnout Amid Deportation Surge

By Daniel Connolly

As the Trump administration carries out a mass deportation campaign across the country, immigration attorneys faced with heavy demand and changing norms are feeling the impact of burnout and stress on their practices and emotions, they told Law360.

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Calif. Agency Hires Ex-DOJ Crypto Enforcement Director

By Sarah Jarvis

The California Department of Financial Protection and Innovation has brought on a new general counsel who previously served in leadership positions with the U.S. Department of Justice, including director of its cryptocurrency enforcement team.

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Fla. Judge OKs Release Of Epstein Grand Jury Transcripts

By Rae Ann Varona

A Florida federal judge on Friday ordered the release of grand jury transcripts from an investigation of late sex offender Jeffrey Epstein, citing a newly enacted law that the government said overrides a prohibition on disclosing the documents to the public.

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Bonus Spotlight

Katten Exceeds Market Bonus Scale, Orrick Matches

By Tracey Read

Katten Muchin Rosenman LLP has joined a select few law firms that have gone beyond the BigLaw norm for year-end and special bonuses.

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Brief

Holland & Knight Adds Ex-House Speaker's Adviser In DC

By Tracey Read

Holland & Knight LLP has added the former senior policy adviser and counsel to Speaker of the House Mike Johnson, R-La., as a public policy and regulation practice group partner.

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Roundup

GC Cheat Sheet: The Hottest Corporate News Of The Week

By Michele Gorman

An SEC panel has asked the agency to adopt regulations that could standardize the way publicly traded companies report details about AI use. Meanwhile, the FCC approved AT&T's $1 billion UScellular deal after AT&T became the latest of the big three mobile carriers to agree to do away with diversity, equity and inclusion policies. These are some of the stories in corporate legal news you may have missed in the past week.

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Law360's Legal Lions Of The Week

By Kevin Penton

Gupta Wessler LLP and Block & Leviton LLP lead this week's edition of Law360 Legal Lions, after the Eleventh Circuit revived a proposed class action against NextEra Energy Inc. that seeks to hold the energy company liable for a share price drop that followed political interference allegations involving a subsidiary.

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Mass. IOLTA Panel Says It's Owed Slice Of Residual Funds

By Julie Manganis

A Massachusetts panel that oversees Interest on Lawyers' Trust Accounts asked the state's highest court Friday to at least partially unwind a $4 million class action settlement, saying a lower court didn't give it a chance to argue for a portion of what it says are "significant" residual funds.

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Judges Beat Ethics Suits For Dropping Retirement Post-Trump

By Jake Maher

A Fourth Circuit judge and two district court judges have defeated ethics complaints from a conservative legal organization alleging they improperly reversed their decisions to take senior status after President Donald Trump was elected.

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Court Staff Attys Settle Claims Of Undermining Colleague

By Julie Manganis

Six months after Massachusetts' highest court revived some of a former Appeals Court staff attorney's claims in a suit alleging two supervisors intentionally undermined him, the parties have reported reaching a settlement in the case.

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LAW FIRMS IN TODAY'S NEWS

Bailey Duquette

Baker Botts

Block & Leviton

Boyle Shaughnessy

Cahill Gordon

Chaffetz Lindsey

Competition Law Partners

Covington & Burling

Cravath Swaine

DLA Piper

Day Pitney

Debevoise & Plimpton

Dechert LLP

Edwards Henderson

Finn Dixon

Gibson Dunn

Glenn Agre

Gordon Fournaris

Gupta Wessler

HSF Kramer

Harris Beach Murtha Cullina PLLC

Hinckley Allen

Hogan Lovells

Holland & Knight

K&L Gates

Kasowitz LLP

Katten Muchin

Kelley Drye

Latham & Watkins

Law Office of Catherine Brown

Markus Moss PLLC

McKool Smith

Metaxas Brown

Meyner & Landis

Milbank LLP

Morgan Brown & Joy LLP

Morgan Lewis

Morris Nichols

Morrison & Foerster

Norton Rose

Orrick Herrington

Pachulski Stang

Paul Weiss

Potter Anderson

Proskauer Rose

Quinn Emanuel

Richards Layton

Ropes & Gray

Sheppard Mullin

Snell & Wilmer

Sperling Kenny

Stinson LLP

Troutman

Trump & Trump

Wiggin & Dana

Wilson Sonsini

Wofsey Rosen

Wood Smith

Young Conaway

COMPANIES IN TODAY'S NEWS

AT&T Inc.

Adidas AG

Allergan PLC

AmeriFirst Financial Inc.

American Bar Association

American Immigration Lawyers Association

Amneal Pharmaceuticals Inc.

Andreessen Horowitz LLC

Apollo Global Management LLC

Apple Inc.

Applied Systems Inc.

Ares Management Corp.

AstraZeneca PLC

Aurobindo Pharma Ltd.

Avet Pharmaceuticals Inc.

Bausch Health Cos. Inc.

Boston University

Canon Inc.

Citigroup Inc.

Cox Enterprises Inc.

Daiichi Sankyo Co.

DuPont de Nemours Inc.

Fougera Pharmaceuticals Inc.

G&W Laboratories Inc.

Glenmark Pharmaceuticals Ltd.

Hellman & Friedman LLC

Jefferies Financial Group Inc.

KKR & Co. Inc.

Kleiner Perkins Caufield & Byers

Lannett Company, Inc

Lincoln Property Co.

LinkedIn Corp.

Lupin Ltd.

Mallinckrodt PLC

Marvell Technology Inc.

Michigan Immigrant Rights Center

New York Mets

NextEra Energy Inc.

Northeastern University

Perrigo Co. PLC

Pfizer Inc.

Presidio Inc.

Professional Golfers Association of America

Purdue Pharma LP

Sandoz International GmbH

Smart & Final Stores Inc.

State Bar of Texas

Sun Pharmaceutical Industries Ltd.

T-Mobile US Inc.

T. Rowe Price Group Inc.

Tractor Supply Co.

Verizon Communications Inc.

Viatris Inc.

Villanova University

Wockhardt USA LLC

GOVERNMENT AGENCIES IN TODAY'S NEWS

California Privacy Protection Agency

Commonwealth of Massachusetts

Connecticut Attorney General's Office

Delaware Court of Chancery

Federal Bureau of Investigation

Federal Communications Commission

Federal Trade Commission

New York Attorney General's Office

Texas Supreme Court

U.S. Attorney's Office

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

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

U.S. Bankruptcy Court for the District of Delaware

U.S. Citizenship and Immigration Services

U.S. Court of Appeals for the Second Circuit

U.S. Department of Justice

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

U.S. District Court for the District of Connecticut

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 Illinois

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

U.S. District Court for the Southern District of Florida

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

U.S. Immigration and Customs Enforcement

U.S. Securities and Exchange Commission

U.S. Supreme Court

United States District Court for the Southern District of Ohio