Saying parts of the deal "reflect a poster-child scenario for the problems and malincentives associated with the de-SPAC form," a Delaware vice chancellor on Thursday approved a $12.75 million settlement in a stockholder suit challenging a take-public deal for digital finance platform MoneyLion.
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TOP NEWS

Chancery OKs $12.75M Settlement In MoneyLion SPAC Suit

By Jeff Montgomery

Saying parts of the deal "reflect a poster-child scenario for the problems and malincentives associated with the de-SPAC form," a Delaware vice chancellor on Thursday approved a $12.75 million settlement in a stockholder suit challenging a take-public deal for digital finance platform MoneyLion.

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JBS S.A. Sued In Del. Over Pilgrim's Pride Control Moves

By Jeff Montgomery

Pension fund stockholders of poultry industry giant Pilgrim's Pride Corp. have sued Brazil-based meat giant JBS S.A., its affiliates and its Pilgrim's board appointees in Delaware's Court of Chancery, alleging actions that unfairly increased JBS' clout and access to dividends and tax benefits at minority shareholder expense.

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Tyson's $55M Delaware Win Won't Aid Ga. Suit, Rival Says

By Chart Riggall

Poultry rendering company American Proteins Inc. told a Georgia federal judge Wednesday that a Delaware court's award of $55 million to Tyson Foods for overpaying to acquire the company has no bearing on their antitrust suit over whether Tyson forced the buyout through strong-arm tactics.

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POLICY & REGULATION

Brief

Senate Tees Up Vote On Emil Bove To 3rd Circ.

By Courtney Bublé

The Senate voted 50-48 on Thursday to tee up the confirmation of Emil Bove to the Third Circuit, which will likely happen next week.

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Green Groups Cleared To Join EV Funding Freeze Challenge

By Rachel Riley

A Washington federal judge will let the Sierra Club and other environmental organizations enter a multistate lawsuit against the federal government seeking to preserve funding for new electric-vehicle charging infrastructure, concluding the groups have a significant interest in protecting the project funds.  

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BANKRUPTCY COURT

Fiber Co. Tilson Sues Gigapower For Breach Of Contract

By Yun Park

Fiber network developer Tilson Technology Management Inc. has filed a lawsuit in Texas against joint venture Gigapower LLC, alleging wrongful breach of contract tied to large-scale infrastructure projects that ultimately pushed Tilson into bankruptcy.

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FTX Ends 6 Suits Over Political Donations In Ch. 11

By Alex Wittenberg

Fallen cryptocurrency exchange FTX has agreed to dismiss adversary proceedings in Delaware bankruptcy court against six political organizations, lawsuits that were aimed at recovering roughly $28.75 million in donations made to the groups prior to FTX's bankruptcy.

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THIRD CIRCUIT

3rd Circ. Rules Philly Injection Site Equals Religious 'Person'

By Carla Baranauckas

A nonprofit battling government resistance to its planned safe drug injection site in Philadelphia can qualify for religious freedom protections, the Third Circuit said in a precedential opinion on Thursday, reasoning the organization meets the definition of a "person" practicing religion.

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EXPERT ANALYSIS

Series

Playing Baseball Makes Me A Better Lawyer

Playing baseball in college, and now Wiffle ball in a local league, has taught me that teamwork, mental endurance and emotional intelligence are not only important to success in the sport, but also to success as a trial attorney, says Kevan Dorsey at Swift Currie.

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LEGAL INDUSTRY

Courts 'Turning Up The Heat' On AI Fake Citation Sanctions

By Emily Sawicki

As the volume of sanctions orders resulting from attorneys' use of faulty citations blamed on artificial intelligence continues to rise, federal judges are beginning to pivot from financial sanctions to more creative means of disciplining lawyers, including targeting their professional reputations in ways that could really hurt.

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Trump Admin Making Another EO Appeal, Targeting WilmerHale

By Jack Karp

The Trump administration is appealing a D.C. federal judge's ruling that President Donald Trump's executive order targeting WilmerHale amounts to a "staggering" assault on the First Amendment, according to a notice filed Friday.

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Will Tom Girardi's Wardrobe Mishap Help His Appeal?

By Craig Clough

When legendary attorney Tom Girardi's pants fell down as he finished testifying in his defense, the judge had to decide: Was this a desperate bid to feign incompetence and avoid prison for stealing client funds, or just an accident by an 86-year-old man with dementia? And if it really was an accident, does it now give Girardi a shot at winning his appeal and overturning his sentence?

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Former Jan. 6 Prosecutor, 2 Other Ex-DOJ Employees File Suit

By Rose Krebs

A former assistant U.S. attorney who prosecuted defendants charged in connection with the Jan. 6, 2021, attack on the U.S. Capitol has filed a federal lawsuit along with two other ex-Department of Justice employees alleging they were unlawfully fired.

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Epic Defends Apple Antitrust Injunction After Birthright Ruling

By Dorothy Atkins

Epic Games has told the Ninth Circuit the U.S. Supreme Court's recent ruling in litigation challenging President Donald Trump's birthright citizenship executive order should not affect a nationwide injunction and civil contempt order issued in its antitrust case over Apple's App Store policies, arguing Apple misread the high court's precedent.

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Judge Keeps Nationwide Block On Birthright Citizenship EO

By Rae Ann Varona

A Massachusetts federal judge Friday refused to narrow a nationwide injunction blocking President Donald Trump's executive order limiting birthright citizenship, saying any narrower alternative would not be enough to protect a group of states from their asserted harms.

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Trump Admin Loses Sanctuary Fight With Ill., For Now

By Hailey Konnath

An Illinois federal judge Friday threw out the Trump administration's first suit challenging local sanctuary policies, ruling that it's within Illinois', Cook County's and Chicago's rights to opt out of helping the federal government with immigration enforcement efforts.

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11th Circ. Calls Dismissal Of Ga. Bar Bias Suit 'Indefensible'

By Chart Riggall

An Eleventh Circuit panel appeared all but certain Friday that it would revive a Georgia attorney's race bias suit against the state's bar association, calling a federal district court's dismissal of her claims that the bar has a two-tiered disciplinary system "indefensible."

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Podcaster At Fees Hearing Blames His Atty For Sanctions

By Zach Dupont

A podcaster accused of spreading lies that a former Dominion Voting Systems Inc. executive rigged the 2020 election blamed his lawyer Friday for his noncompliance with the Colorado federal court, accusing the attorney of "malpractice" and "negligence."

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Dentons Stalling Discovery In Terraform Ch. 11, Court Told

By Alex Wittenberg

The bankruptcy plan administrator for failed cryptocurrency platform Terraform Labs has accused Dentons US LLP of blocking his discovery requests in an attempt to secure final approval of some $25 million in fees, saying the law firm is seeking to "run out the clock" to dodge an investigation into its role in Terraform's collapse.

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Veteran CFPB Enforcement Atty Heads For The Exit

By Jon Hill

A longtime Consumer Financial Protection Bureau litigator told a Virginia federal court on Friday that she is leaving after more than a decade at the agency, becoming the latest departure at the regulator as its future under the Trump administration remains in limbo.

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Legal Org Urges DC Circ. To Reject Trump's Tariff Powers

By Anna Scott Farrell

The D.C. Circuit should affirm a ruling that sided with toy makers and blocked President Donald Trump from using an international economic law to impose emergency tariffs because the law does not give the president the authority he claims, a legal organization argued.

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Roundup

UK Litigation Roundup: Here's What You Missed In London

By Laura Stewart Liberty

This past week in London has seen the owner of a £6 million ($8 million) mansion once rented by Adele sue real estate consultants Strutt & Parker, Romanian-Australian mining investor Vasile Frank Timis bring a claim against reputation and privacy firm Schillings, and a Chinese businessman bring a legal action against his former lawyer over an alleged £12.5 million mortgage fraud.

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GC Cheat Sheet: The Hottest Corporate News Of The Week

By Michele Gorman

Glass Lewis brought a lawsuit against Texas over a measure it claims requires the proxy advisory firm to "publicly condemn itself" when its advice for clients reflects certain viewpoints the government disfavors. Meanwhile, a new proposed class action alleges Boeing employees on long-term disability leave missed out on a $12,000 bonus distributed after workers ratified a union contract. 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

Jones Day and DLA Piper lead this week's edition of Law360 Legal Lions, after the Federal Circuit overturned a more than $125 million judgment against Medtronic's CoreValve unit for infringing a Colibri Heart Valve LLC patent.

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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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Promo that reads 2025 Rising Stars Promo that reads Meet Law360’s Newest Section: Criminal Practice with a photo of a bronze Lady Justice statue in the foreground and gavel in the background

LAW FIRMS IN TODAY'S NEWS

A&O Shearman

AIDS Law Project of Pennsylvania

Ahmad Zavitsanos

Bass Berry

Burakiewicz & DePriest

Cain & Skarnulis

City of Chicago Department of Law

Clement & Murphy

Clyde & Co

Cole Schotz

Covington & Burling

Cozen O'Connor

Cravath Swaine

Crowell & Moring

DAC Beachcroft

DLA Piper

DWF LLP

Davis Polk

Debevoise & Plimpton

Dentons

Enyo Law

Faegre Drinker

Finnegan

FisherBroyles

Friedland Cianfrani

Friedman Oster

Gateley PLC

Geldards

Gibson Dunn

Grant & Eisenhofer

Harris Karstaedt

Harrison LLP

Hilgers Graben

Hill Dickinson

Hogan Lovells

Holland & Knight

Holman Fenwick

Holwell Shuster

Irwin Mitchell

Jenner & Block

Jones Day

K&L Gates

Kennedys Law LLP

Kirkland & Ellis

Labaton Keller

Landis Rath

Latham & Watkins

Lerner David

Littler Mendelson

MILS Legal Ltd

Mark S. Zaid PC

McDermott Will & Emery

Mignott Law Group

Miller Fair

Mills & Reeve

Mishcon de Reya

Morgan Lewis

Morris Nichols

Morrison & Foerster

Nall & Miller

Paul Hastings

Paul Weiss

Perkins Coie

Porter Thomas

Quinn Emanuel

Reid Collins

Richards Layton

Robinson Stewart Montgomery

Ross Aronstam

Russ August

Seila Law

Sidley Austin

Skadden Arps

Sullivan & Cromwell

Susman Godfrey

Swift Currie

TLT LLP

Troutman

Trowers & Hamlins

Wachtell Lipton

Ward Hadaway

Wedlake Bell

Weightmans LLP

Willkie Farr

WilmerHale

Wolf Popper

gunnercooke LLP

COMPANIES IN TODAY'S NEWS

ABP Corp.

AT&T Inc.

Allergan PLC

Allianz SE

American Bar Association

Apple Inc.

Association of Certified E-Discovery Specialists

BNP Paribas SA

BTI Consulting Group Inc.

Barclays PLC

BlackRock Inc.

Boston University

British Broadcasting Corp.

Broadhaven Capital Partners

Capital One Financial Corp.

Cargill Inc.

Center for Appellate Litigation

Chevron Corp.

CorMedix Inc.

Credit Suisse Group AG

Earthjustice

Epic Games Inc.

Fifth Third Bancorp

Fort Point Capital

Glass Lewis & Co. LLC

Gunvor

HSBC Holdings PLC

Hobby Lobby Stores

Investments Ltd.

Johnson & Johnson

Kestra Medical Technologies Inc.

Koch Foods

Learning Resources Inc.

LinkedIn Corp.

M & F Worldwide Corp.

MS Amlin PLC

Medtronic PLC

Microsoft Corp.

Natural Resources Defense Council

Netflix Inc.

Nissan Motor Co. Ltd.

Pilgrim's Pride Corp.

Pinnacle Financial Partners

Sierra Club

Southern Environmental Law Center

Spotify Technology SA

State Bar of Georgia

Synovus Financial Corp.

The Boeing Co.

Tilson Technology

Twitter Inc.

Tyson Foods Inc.

University of Miami

Verizon Communications Inc.

Washington Legal Foundation

Zimmer Biomet Holdings Inc.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Consumer Financial Protection Bureau

Delaware Court of Chancery

Executive Office of the President

Federal Bureau of Investigation

Federal Highway Administration

Federal Trade Commission

Georgia Supreme Court

Illinois Attorney General's Office

National Credit Union Administration

New Jersey Attorney General's Office

Patent Trial and Appeal Board

The Crown Prosecution Service

U.S. Attorney's Office

U.S. Attorney's Office for the Central District of California

U.S. Attorney's Office for the Middle District of Florida

U.S. Bankruptcy Court for the District of Delaware

U.S. Court of Appeals for the District of Columbia Circuit

U.S. Court of Appeals for the Eleventh Circuit

U.S. Court of Appeals for the Ninth Circuit

U.S. Court of Appeals for the Third Circuit

U.S. Department of Justice

U.S. Department of Transportation

U.S. District Court for the District of Columbia

U.S. District Court for the District of Massachusetts

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

U.S. District Court for the Northern District of Georgia

U.S. District Court for the Northern District of Illinois

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

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

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

U.S. Immigration and Customs Enforcement

U.S. Navy

U.S. Patent and Trademark Office

U.S. Securities and Exchange Commission

U.S. Senate

U.S. Supreme Court

UK High Court

United States District Court for the District of Colorado