Analysis

The Firms That Won Big At The Supreme Court

By Jack Karp

This U.S. Supreme Court term featured high-stakes oral arguments on issues including presidential power, immigration and voting regulations. Here's a look at the law firms that argued the most cases and how they fared.

Read full article » | Save to favorites »

Analysis

Breaking Down The Vote: The High Court Term In Review

By Jack Karp

The U.S. Supreme Court's stark ideological divisions were on full display this term, particularly as it issued long-awaited rulings in the last few days of June. Here, Law360 dives into the numbers behind this court term.

Read full article » | Save to favorites »

Analysis

The Sharpest Dissents From The Supreme Court Term

By Cara Bayles

The sharpest dissents this term often involved the president, and pitted conservative and liberal justices against each other on core constitutional issues and questions about the limits to executive power, with nearly a quarter of cases being decided squarely along ideological lines.

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

Analysis

The Year Donald Trump Won Big At The High Court

By Katie Buehler

The Supreme Court's conservative supermajority and President Donald Trump largely aligned this year on issues of executive power, resulting in a series of decisions that significantly expanded presidential authority.

Read full article » | Save to favorites »

Fired NCUA Democrats Say Slaughter Ruling Is On Their Side

By Jon Hill

Democrats who sued after President Donald Trump booted them from the National Credit Union Administration's board have signaled they will keep seeking reinstatement, pressing ahead after the U.S. Supreme Court ruled the president can fire most federal regulators at will.

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

SVB's CEO Was Paid Millions As Risk Rating Slid, Judge Told​​​​

By Dorothy Atkins

Silicon Valley Bank's ex-CEO testified Thursday during a California federal bench trial over the FDIC's claims that the bank's brass mismanaged its assets, acknowledging during a tense examination that he received multimillion-dollar payouts and sold nearly $30 million in stock while regulators downgraded SVB's risk management rating ahead of its collapse.

Read full article » | Save to favorites »

Crypto Developer Urges 5th Circ. To Revive DOJ Challenge

By Aislinn Keely

A cryptocurrency software developer is urging the Fifth Circuit to revive a suit seeking to shield his forthcoming project from any accusations of unlicensed money transmission, telling the appeals court that a Texas federal judge "overly discounted" similar prosecutions when it tossed his challenge for lack of standing.

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

Del. Magistrate Orders JPMorgan To Advance Javice Fees

By Jarek Rutz

The Delaware Chancery Court ruled that JPMorgan Chase & Co. must advance millions more in disputed legal fees to cover the appeal of the convicted founder of college financial aid startup Frank, concluding the bank failed to meet Delaware's demanding standard for withholding advancement by showing the billing requests reflected "clear abuse."

Read full article » | Save to favorites »

2nd Circ. Denies Tether, Bitfinex Bid For Class Cert. Appeal

By Katryna Perera

The Second Circuit has declined a request from digital asset companies Tether and Bitfinex to immediately review a New York federal judge's decision to grant class certification to plaintiffs accusing the companies of rigging the cryptocurrency market and costing investors hundreds of billions of dollars.

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

Fed Nears CRA Rule Repeal As FDIC, OCC Exit 5th Circ. Fight

By Jon Hill

Federal regulators plan to take different legal approaches to completing their previously joint effort to unwind Biden-era updates to decades-old community reinvestment rules for banks, according to two filings at the Fifth Circuit.

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

What Ratings Overhaul May Mean For Banking Industry

Proposed revisions to the bank rating system commonly known as CAMELS could constrain examiner discretion and tie supervisory outcomes more closely to measurable financial risk, potentially saving compliance costs, reducing the frequency of ratings downgrades and spurring a more growth-oriented banking system, say attorneys at Debevoise.

1 document attached | Read full article » | Save to favorites »

Series

Choral Singing Makes Me A Better Lawyer

Singing in the New York City Bar Chorus — a hobby partly inspired by the late U.S. District Judge Richard Owen, who infused my clerkship year with opera music — has improved my legal career by refining my abilities to listen, exude confidence and develop emotional intelligence, says Bonnie Baker at Friedman Kaplan.

Read full article » | Save to favorites »

Blank Rome Sued Over Breach Allegedly Affecting 57K People

By Steven Lerner

An attorney with Blank Rome LLP was tricked into uploading sensitive files to an external Google Drive account, allegedly exposing private information belonging to more than 57,000 individuals, according to a proposed class action accusing the law firm of inadequate cybersecurity safeguards and delayed breach notification.

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

Richards Layton Faces Possible Sanctions Over AI Errors

By Rose Krebs

Richards Layton & Finger PA and one of its attorneys have been directed by the Delaware Court of Chancery to show why they should not be sanctioned for a brief submitted with "hallucinated legal propositions" generated by artificial intelligence and for not taking steps to remediate those errors.

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

Partnership Docs Sealed In Clifford Chance Clawback Spat

By Ryan Boysen

A federal judge has sealed the partnership agreements that two ex-Clifford Chance LLP practice group heads who jumped to Sidley Austin LLP included in their lawsuit challenging a nearly $6 million clawback demand, after Clifford Chance claimed the tactics put it at a competitive disadvantage. 

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

Murdaugh Fights Clerk's Bid To Ax Jury-Tampering Suit

By Emily Sawicki

A former court clerk found to have interfered in Alex Murdaugh's murder trial cannot escape civil claims over the tampering, the disgraced attorney told a South Carolina federal court, stating in an opposition that the clerk cannot argue her way out of the state Supreme Court's finding that she tampered with the jury.

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

DOJ Looks To Block ABA's Trump Adviser Subpoenas

By Jack Karp

The American Bar Association cannot demand documents and deposition testimony from a Trump adviser in its lawsuit over the Trump administration's executive orders targeting law firms, since any communication between a presidential adviser and the chief executive is privileged, the government has told a New York federal court.

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

Roc Nation Calls Out Alleged AI Citations In Fat Joe Case Brief

By Andrea Keckley

Roc Nation LLC has told a New York federal judge that plaintiff Terrance Dixon's opposition brief filed in a pending Rule 11 sanctions fight should be struck down in part because it includes what the company alleges are fabricated quotations attributed to real judicial decisions.

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

Kasowitz Sued Over College Antisemitism Settlement Fees

By Adrian Cruz

A group of Columbia University students who reached a settlement with the school over alleged antisemitism on campus accused Kasowitz LLP of wrongfully taking over $6 million from the deal and engaging in "self-dealing and misappropriation."

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

Split 5th Circ. Backs Bond Hearings For Immigrant Detainees

By Ganesh Setty

The Fifth Circuit has limited its recent decision permitting the federal government to subject unauthorized immigrants to mandatory detention without bond, finding such individuals are still entitled to an eventual bond hearing under their Fifth Amendment due process rights.

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

GOP Bill Would Cement DOJ Fraud Division In Federal Law

By Courtney Bublé

A pair of House Republicans are looking to put a congressional stamp of approval on the new fraud division in the U.S. Department of Justice.

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

Judge Says No To Amicus On Attorney Privilege In FTC Case

By Nadia Dreid

A defense bar advocacy group will not get a chance to weigh in on the FTC's antitrust case against Amazon over allegations the e-commerce behemoth used attorney-client privilege to hide evidence from discovery after a Washington federal judge declined to hear from the group.

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

Nadine Menendez's Attys Rebuked For Medical Disclosures

By Carla Baranauckas

A New York federal judge rebuked Nadine Menendez's attorneys on Monday for publicly filing a request to delay her surrender date that included "extensive intimate details" of her medical condition, calling the disclosure "astonishing" and ordering the parties to refile a redacted version by Wednesday.

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

Catching Up With Delaware's Chancery Court

By Jarek Rutz

The Delaware Chancery Court last week handled disputes involving arbitration, corporate control, advancement rights, freeze-out mergers and insolvent company wind-downs.

Read full article » | Save to favorites »