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FOOD & BEVERAGE |
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TOP NEWS US, China Strike Early-Phase Trade Deal To Avert Tariffs The U.S. and China struck an early-stage trade deal that will demand “structural reforms” from Beijing and halt a planned tariff strike against Chinese cellphones, laptops and other consumer items, the two countries announced Friday, marking a potential breakthrough in their long-running trade battle. Panera Pans Suit Over ‘100% Clean’ Bagel Advertising Panera LLC has told a California federal court to toss a suit claiming it falsely advertised that its bagels were "100% Clean" because of trace amounts of herbicide, saying the lead plaintiff has yet to say where or when she bought the bagel, or what advertisements she relied on.
Gallo, Constellation Remove Brands From Deal To Woo FTC A deal previously valued at $1.7 billion is now worth about $1.1 billion after Constellation Brands said Thursday that it has removed several alcohol brands from the menu of its partial portfolio sale to E. & J. Gallo to address Federal Trade Commission antitrust concerns. Scammer Who Hyped Caffeinated-Snack Venture Gets 4 Years Manhattan U.S. District Judge Jed S. Rakoff sentenced a 73-year-old California man to four years in prison Thursday for helping his wife steal $2.3 million from investors who thought they were backing a food venture that was going to bring caffeinated snacks to market. CBD Co. Says It Never Misled Investors About Energy Drink A Maryland-based CBD company has asked a federal judge to consider the full range of documents that it says show the company never misrepresented the legality of its products, as investors have alleged in a proposed class action for securities fraud.
Romania Says Food Investors Can't Enforce $356M Award Romania is asking a D.C. federal court to either deny a bid by two Swedish food investors to begin enforcing a confirmed arbitral award worth more than $356 million or to limit them to collecting about $212 million, the outstanding amount as determined by a Romanian appeals court.
Grocer Says Opioid Defense Is 'Loss' Covered By Insurance Giant Eagle Inc. told a Pennsylvania federal court Thursday that the millions it's spent defending against lawsuits accusing its pharmacies of contributing to the opioid epidemic should meet the definition of "loss" caused by "bodily injury" and trigger a pair of umbrella insurance policies.
UK Litigation Roundup: Here's What You Missed In London The past week in London has seen fruit producers team up with their insurers to sue Swiss shipping giant MSC Mediterranean, a £1.5 billion penthouse dispute involving the former emir of Qatar spill over into a libel fight, and lenders like NatWest, HSBC and American Express get roped into a product liability case involving eye care specialists. Here, Law360 looks at those and other new claims in the U.K. Taxation With Representation: Mayer, Sullivan, Covington In this week's Taxation With Representation, Nestle sells its U.S. ice cream business for $4 billion, Texas Capital and Independent Bank Group merge in a $3 billion deal, and Merck buys cancer-focused biotech ArQule Inc. for $2.7 billion. NJ Benefits Bill May Deter Business With Contractors As the Portable Benefits Act for Independent Contractors makes its way through the New Jersey Legislature, businesses will need to determine whether the new costs of working with contractors will be worth continuing to do business in the state, say attorneys at Jackson Lewis. Square's IP Head Rips Law Firms' Diversity 'Window Dressing' Square Inc.'s head of intellectual property and legal operations criticized law firms Friday for failing to ensure teams assigned to IP cases are diverse, saying at a Silicon Valley conference that many of their efforts amount to little more than “window dressing.” Analysis 'Annoyance' Atty Lets Jurists Know When They Get His Goat The attorney who made headlines for his spat with a Second Circuit judge has a history of pointing out double standards the bench holds the bar to. Ex-MoFo Chair Small, 92, Remembered As Diversity Advocate Marshall L. Small, a former chair of Morrison & Foerster LLP and the firm's first Jewish attorney, has died at age 92, the firm announced Friday. Winston & Strawn, Morgan Lewis Match Milbank Bonuses International firms Winston & Strawn LLP and Morgan Lewis & Bockius LLP on Friday revealed associate bonus scales that are on par with those at most BigLaw firms this year, though Winston & Strawn is also offering extra money for associates who go above and beyond its hours goal, the firms confirmed Friday. Sedgwick's Ch. 11 Plan Disclosure Statement Gets Approval A California bankruptcy judge on Friday approved the disclosure statement for defunct law firm Sedgwick LLP’s liquidation plan, setting the firm up to settle with a group of ex-partners and start winding down its business by the end of January. UT Law Prof Again Alleges Gender Pay Discrimination A professor at the University of Texas at Austin's law school has filed suit against the university for a second time, claiming that the school has been paying her less than her male colleagues and has retaliated against her for complaining about pay discrimination. GC Cheat Sheet: The Hottest Corporate News Of The Week High-profile CEOs from companies including Apple and Amazon pushed for an "economy-wide action" on paid leave, JPMorgan looked to narrow a 401(k) class action, and PayPal sued the Consumer Financial Protection Bureau over a recent digital wallet rule change. These are some of the stories in corporate legal news you may have missed in the past week. 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. Podcast Law360's Pro Say: Who Prosecutes A Prosecutor? State prosecutors are rarely held accountable for bad behavior, even when courts find egregious or repeated misconduct. Now, some states are trying to change that. Law360 reporter Cara Bayles joins the Pro Say podcast this week to explain how.
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