Private equity-backed sandwich chain Jersey Mike's hit the public markets Thursday after raising $1 billion in its initial public offering steered by Simpson Thacher & Bartlett LLP and Davis Polk & Wardwell LLP.
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TOP NEWS

PE-Backed Jersey Mike's Makes Public Debut After $1B IPO

By Jade Martinez-Pogue

Private equity-backed sandwich chain Jersey Mike's hit the public markets Thursday after raising $1 billion in its initial public offering steered by Simpson Thacher & Bartlett LLP and Davis Polk & Wardwell LLP.

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2nd Circ. Revives Decongestant 'Maximum Strength' Claims

By Mike Curley

The Second Circuit on Thursday revived claims in multidistrict litigation alleging makers of oral decongestants misled consumers by labeling their products as "maximum strength," while finding the bulk of the remaining claims were preempted by federal regulation.

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Impossible Foods Gets New TM Trial On Punitive Damages

By Elliot Weld

A California federal judge has ordered a new trial on punitive damages against Impossible Foods in a case over the "Impossible" trademark, ruling that the $1.75 million in punitive damages a jury awarded lifestyle brand Impossible X was against the clear weight of trial evidence.

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Ill. Atty Sanctioned For AI Slop In Starbucks Bias Suit

By Adrian Cruz

A unanimous Illinois appeals court sanctioned an attorney representing a former Starbucks employee in a workplace discrimination suit after determining that he submitted briefs using false citations and quotations hallucinated by artificial intelligence software.

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USDA Sued By Nonprofits Over Anti-DEI Grant Conditions

By Ben Adlin

Five food nonprofits sued the U.S. Department of Agriculture on Thursday over allegedly unlawful restrictions on grant funding meant to target what the Trump administration has called "radical left ideology," including on issues around diversity, gender identity and immigration.

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LITIGATION

Albertsons Can't Nix 14 Years Of Opioid Claims At Wash. Trial

By Ben Adlin

Albertsons and Safeway can't dodge 14 years' worth of claims in Washington state's lawsuit accusing the grocery stores' pharmacies of irresponsibly dispensing prescription opioids and fueling the state's overdose crisis, according to a Seattle judge's ruling Wednesday striking the companies' statute-of-limitations defense.

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$18.7M Deal In Turkey Price-Fixing Suit Gets Initial OK

By Celeste Bott

An Illinois federal judge on Thursday granted preliminary approval to an $18.7 million settlement resolving certain buyers' claims against House of Raeford Farms Inc. and Prestage Farms, the latest deal in sprawling antitrust litigation accusing poultry producers of conspiring to fix turkey prices.

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Chubb Seeks Toss Of Costco's Customer Injury Coverage Row

By Hope Patti

A Chubb unit urged a Washington federal court to toss Costco's suit seeking coverage for a personal injury action under a home décor brand's policy, saying the retailer failed to state a claim for additional insured coverage because the underlying injuries are not related to the brand's products.

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Minn. Sued Over Dairy Expansion Environmental Review

By Elaine Briseño

Advocacy groups in Minnesota are suing the state over its decision not to provide a government document that outlines the potential environmental effects of the proposed West River Dairy expansion, arguing significant impacts to air and water quality were ignored.

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DEALS

Deals Rumor Mill

Curium, Sazerac And Stripe Pursue Megadeals, And More

By Al Barbarino

Reports of potential multibillion-dollar deals were plentiful this week, with U.S. alcohol producer Sazerac steadfast in its $15 billion pursuit of the maker of Jack Daniel's; Curium reportedly in advanced talks to acquire fellow radiopharmaceutical firm Lantheus Holdings Inc. for up to $8 billion; and Nvidia, Stripe and Devon Energy all linked to sizable strategic bets of their own.

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EXPERT ANALYSIS

11th Circ. Opioid Appeal May Shift Public Nuisance Coverage

The Eleventh Circuit's recent ruling certifying to the Florida and Georgia Supreme Courts the question of whether insurers must provide coverage against suits claiming policyholders improperly distributed opioids may ultimately result in a counterbalance to the Delaware line of cases denying coverage for government opioid suits, say attorneys at Pillsbury.

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Series

Teaching SEC Investigations Makes Me A Better Lawyer

Instructing a law school course on U.S. Securities and Exchange Commission investigations has made me a more thoughtful, deliberate practitioner because it requires me to continually reassess and challenge what I know about securities law enforcement, how I know it and how best to explain it, says David Chase at Miami Law.

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LEGAL INDUSTRY

Advocacy Group Says Law Firm Fellowship Program Biased

By Patrick Hoff

A legal advocacy group said Thursday it had lodged U.S. Equal Employment Opportunity Commission charges against a nonprofit and law firms including Jones Day, White & Case and Morgan Lewis, claiming Muslim and Middle Eastern students were getting unlawful preference in a fellowship program.

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ABA Eyes Nixing School DEI Standards To Sway Trump Admin

By Emma Cueto

The American Bar Association is poised next week to eliminate the first of multiple diversity-related law school standards, a controversial move that it hopes will allow it to remain an accreditor despite an uncertain outcome in the face of a Trump administration increasingly wary of the association's role in legal education.

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WilmerHale Sued Over Accidental Client Data Disclosure

By Andrea Keckley

A proposed federal class action filed Wednesday accuses WilmerHale of failing to protect clients' personal information after an employee allegedly disclosed sensitive data, including Social Security numbers, to an unauthorized person who misrepresented their identity back in May.

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2 Traders Admit Guilt In Stolen BigLaw Info Scheme

By Chris Villani

Two men pled guilty Thursday in Massachusetts federal court to their roles in a sweeping scheme to trade on inside information stolen from huge corporate law firms about upcoming deals.

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Trump May Renominate Blanche If GOP Holdouts Block Vote

By Courtney Bublé

With Sens. John Cornyn, R-Texas, and Thom Tillis, R-N.C., still on the fence about acting Attorney General Todd Blanche's confirmation to be attorney general, President Donald Trump said Thursday he might renominate Blanche next year when the two senators are no longer serving in the Senate.

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DA Says Trump's NY Hush Money Conviction Must Stand

By Frank G. Runyeon

New York prosecutors told a state appellate court that President Donald Trump's 34-count felony conviction for falsifying business records is "unaffected" by the U.S. Supreme Court's watershed presidential immunity decision and should be upheld.

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Judiciary's Bid To Control Courthouses Gets Senate Push

By Courtney Bublé

A bipartisan group of senators introduced a bill on Thursday that would create a pilot program for the federal judiciary to obtain direct authority to maintain its buildings, which the judiciary says is desperately needed.

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Bronx Legal Aid Organization's Union Rejects New Pay Offer

By Andrea Keckley

The Bronx Defenders' executive director said on Thursday that the union representing the organization's over 300 attorneys and staff has rejected an updated offer on wages, with both sides still at odds over the prospect of separate salary scales for lawyers and social workers.

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COMPANIES IN TODAY'S NEWS

Abu Dhabi Investment Authority

Agri Stats Inc.

Albertsons Cos. Inc.

American Bar Association

Anda Inc.

Anthropic PBC

Apollo Global Management LLC

Bayer AG

Brooklyn Defender Services

Brown-Forman Corp.

CVS Health Corp.

CapitalG Management Co. LLC

Citrix Systems Inc.

Costco Wholesale Corp.

Coterra Energy Inc.

Devon Energy Corp.

Earthjustice

Enstar Group Ltd.

Food & Water Watch

Foster Farms

Haleon PLC

House of Raeford Farms Inc.

Impossible Foods Inc.

Jack Daniel's Properties Inc.

Jennie-O Turkey Store LLC

Jersey Mike's Subs

Johnson & Johnson

Koch Inc.

Lantheus Holdings Inc.

Menlo Ventures

Momenta Pharmaceuticals Inc.

NVIDIA Corp.

New York University

Newmark Group Inc.

OpenAI OpCo LLC

Poshmark Inc.

Prestage Farms Inc.

Public Citizen Inc.

Publix Super Markets Inc.

Renaissance Capital

Rite Aid Corp.

Safeway Inc.

Sazerac Co. Inc.

Sponsors for Educational Opportunity Inc.

Stanford University

Starbucks Corp.

Target Corp.

The Bronx Defenders

The Goldman Sachs Group Inc.

The Kroger Co.

The Procter & Gamble Co.

The Travelers Cos. Inc.

Third Sector New England Inc.

United Auto Workers

University of Miami

Walmart Inc.

Wells Fargo & Co.

YouTube Inc.

iRobot Corporation

LAW FIRMS IN TODAY'S NEWS

Alston & Bird

Baron & Budd

Bona Law PC

Bradley Grombacher

BraunHagey & Borden

Buchalter LLP

Carella Byrne

Clausen Miller

Cole Sadkin

Cooley LLP

Covington & Burling

Cozen O'Connor

Cravath Swaine

DLA Piper

David R. Chase PA

Davis Polk

Davis Wright Tremaine

Debevoise & Plimpton

DiCello Levitt

Falkenberg Ives

FeganScott

Fine Kaplan

Foley Hoag

Fox Rothschild

Goodwin Procter

Greenberg Traurig

Hagens Berman

Herzfeld Suetholz

Hogan Lovells

Jones Day

Jones Walker LLP

Jordan Price Wall

Kirkland & Ellis

Latham & Watkins

Levin Papantonio

Lieff Cabraser

Lockridge Grindal

Manning Fulton

McHugh Fuller

Milberg PLLC

Morgan Lewis

Morrison & Foerster

O'Melveny & Myers

Ogden Murphy

Patterson Belknap

Pillsbury Winthrop

Powell & Majestro

Proskauer Rose

Quinn Emanuel

Robinson Bradshaw

Seeger Weiss

Sidley Austin

Simmons Hanly

Simpson Thacher & Bartlett

Sullivan & Cromwell

Troutman

Vedder Price

Venable LLP

Wachtell Lipton

Weil Gotshal

White & Case

Williams & Connolly

WilmerHale

GOVERNMENT AGENCIES IN TODAY'S NEWS

Bureau of Labor Statistics

Equal Employment Opportunity Commission

Federal Trade Commission

Food and Drug Administration

Illinois Attorney General's Office

Illinois Supreme Court

Internal Revenue Service

Judicial Conference of the United States

Manhattan District Attorney's Office

Minnesota Department of Natural Resources

Minnesota Pollution Control Agency

New York Supreme Court, New York County

Texas Supreme Court

U.S. Attorney's Office for the District of Massachusetts

U.S. Court of Appeals for the Eleventh Circuit

U.S. Court of Appeals for the Second Circuit

U.S. Department of Agriculture

U.S. Department of Education

U.S. Department of Justice

U.S. District Court for the District of Columbia

U.S. District Court for the District of Massachusetts

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 Western District of Washington

U.S. General Services Administration

U.S. Securities and Exchange Commission

U.S. Supreme Court

Washington Attorney General's Office