The IRS and the parent of Pizza Hut, KFC and Taco Bell agreed that the company's total deductions for domestic production activities during 2013-2015 were $1.6 million — roughly 15% of the $10.7 million the company had claimed as deductions for the three years.
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TOP NEWS

IRS Allows 15% Of KFC Parent's Domestic Production Claim

By Molly Moses

The IRS and the parent of Pizza Hut, KFC and Taco Bell agreed that the company's total deductions for domestic production activities during 2013-2015 were $1.6 million — roughly 15% of the $10.7 million the company had claimed as deductions for the three years.

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Food Service Co. Sued Over Unpaid Travel Time At LAX

By Benjamin Morse

A food service company failed to pay employees for time spent shuttling to and from an American Airlines lounge at Los Angeles International Airport, resulting in unpaid minimum and overtime wages, according to a proposed class action filed in Los Angeles County Superior Court.

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Del. Chancery Rejects Fraud Claims In $313.5M Fertilizer Deal

By Jarek Rutz

The Delaware Chancery Court has ruled that a group of investors failed to prove that executives and a private equity sponsor behind agricultural technology company Verdesian Life Sciences LLC defrauded them into investing in a 2014 acquisition, holding after trial that the claims were both time-barred and unsupported.

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LITIGATION

Tom's Toothpaste Trims Class Action Over Lead Levels

By Jonathan Capriel

Tom's of Maine can't beat back proposed class claims it allowed heavy metals to taint its children's toothpaste, a New York federal judge ruled Wednesday, finding that the parent behind the suit adequately claimed the company falsely marketed the products as "safe" and "healthy."

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DEALS

Icahn Outbid By $7B Caesars Offer, And Other Rumors

By Al Barbarino

Billionaire Tilman Fertitta is in exclusive negotiations to buy Caesars Entertainment for roughly $7 billion, superseding a competing all-cash offer from Carl Icahn's Icahn Enterprises, and Papa John's received a bid from Qatari-backed investment firm Irth Capital Management that could value the pizza chain at $1.5 billion. 

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EXPERT ANALYSIS

In Hain, Justices Increase Stakes For Jurisdictional Errors

The U.S. Supreme Court's decision in Hain Celestial Group v. Palmquist, addressing the consequences of a district court's erroneous dismissal of a nondiverse party before final judgment, has amplified the risk that a mistaken jurisdictional ruling in district court will render moot everything that comes after, says Steven Boranian at Reed Smith.

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Series

Podcasting Makes Me A Better Lawyer

Podcasting has changed how I ask questions and connect with people, sharpening my ability to listen without interrupting or prejudging, and bringing me closer to what law is meant to be: a human profession grounded in understanding, judgment and trust, says Donna DiMaggio Berger at Becker.

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LEGAL INDUSTRY

4th Circ. Scolds Atty Suspected Of Using AI In Race Bias Suit

By Patrick Hoff

The Fourth Circuit has reprimanded an attorney suspected of using generative artificial intelligence to draft briefs in a race discrimination lawsuit against Baltimore Gas and Electric Co., warning that courts need to grapple with the technology as it "may soon become the norm."

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Democrats Seek Review Of Bondi's Role In Brother's Cases

By Alison Knezevich

Two Democratic lawmakers have asked the U.S. Department of Justice's inspector general to review whether Attorney General Pam Bondi "adequately recused herself" from cases involving clients represented by her brother Brad Bondi, who is a partner at Paul Hastings LLP.

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Sinema Says Tryst With Ex-Guard Not In NC Court's Reach

By Abigail Harrison

Former U.S. Sen. Kyrsten Sinema, now a Hogan Lovells attorney, told a North Carolina federal court Thursday that a lawsuit alleging her cross-country affair with a former member of her security detail ended a 14-year marriage must be dismissed because the trysts occurred outside state borders.

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Ex-Judge Testifies About Alleged Forgeries In Amazon Case

By Kelcey Caulder

The former chief judge of the U.S. District Court for the Northern District of Georgia testified Thursday about the alleged forging of court documents, signatures and court stamps in a criminal case against a woman accused of defrauding Amazon out of $9.4 million through fraudulent invoices. 

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Judge Newman Takes Suspension Battle To Supreme Court

By Ryan Davis

Federal Circuit Judge Pauline Newman brought her fight against a suspension imposed on her by her colleagues to the U.S. Supreme Court on Thursday, arguing that a lower court wrongly held that her challenges to the order are not subject to judicial review.

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Calif. Bar Says Internal Docs Bolster Claims Against Exam Co.

By Emily Sawicki

The State Bar of California has bulked up its breach of contract and fraud suit against the administrator of its "disastrous" February 2025 bar exam, filing an amended complaint in light of information it says it learned from internal communications unearthed amid discovery.

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Holyoak's US Attorney Nomination Advances

By Courtney Bublé

The nomination of Melissa Holyoak, former commissioner of the Federal Trade Commission, to be U.S. attorney for the District of Utah was sent to the full Senate on Thursday.

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CFTC Takes 1st Steps Toward Prediction Market Regulations

By Jessica Corso

The U.S. Commodity Futures Trading Commission opened the door Thursday to promised prediction market regulation, calling for public feedback on what such rules might look like while laying out the staff's view on the current rules that the platforms should follow in order to offer betting on sports and other events.

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COMPANIES IN TODAY'S NEWS

Alabama Policy Institute

Amazon.com Inc.

American Airlines Group Inc.

Apollo Global Management LLC

Baltimore Gas & Electric Co.

Brookfield Asset Management Ltd.

Caesars Entertainment Inc.

CarMax Inc.

Caterpillar Inc.

Cisneros

Citigroup Inc.

Colgate-Palmolive Co.

Compass Group PLC

Compass Minerals International, Inc.

Financial Times Group Ltd.

Frontdoor Inc.

Hamilton Lincoln

Icahn Enterprises LP

KFC Corp.

KPMG International

Morgan Stanley

New Civil Liberties Alliance

Nikola Corp.

OpenAI OpCo LLC

Paine Schwartz Partners LLC

Papa John's International Inc.

Pizza Hut Inc.

Starboard Value LP

State Bar of California

Station Casinos LLC

The Hain Celestial Group Inc.

UNITE HERE

VICI Properties Inc.

Verdesian Life Sciences LLC

Whole Foods Market Inc.

Yum Brands Inc.

Zillow Group Inc.

LAW FIRMS IN TODAY'S NEWS

Barnes & Thornburg

Becker & Poliakoff

Esbrook PC

Furia Law

Greenberg Traurig

Hogan Lovells

Hueston Hennigan

Kirkland & Ellis

Leach & Walker

Mayer Brown

Paul Hastings

Potomac Law Group

Poyner Spruill

Reed Smith

Richards Layton

Teukolsky Law

Van Camp Meacham

GOVERNMENT AGENCIES IN TODAY'S NEWS

Colorado Supreme Court

Commodity Futures Trading Commission

Delaware Court of Chancery

Equal Employment Opportunity Commission

Federal Trade Commission

Internal Revenue Service

Los Angeles World Airports

U.S. Attorney's Office

U.S. Attorney's Office for the Northern District of Georgia

U.S. Court of Appeals for the Fifth Circuit

U.S. Court of Appeals for the Fourth Circuit

U.S. Department of Justice

U.S. District & Bankruptcy Courts of Southern District of Texas

U.S. District Court for the District of Columbia

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

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

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

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

U.S. House of Representatives

U.S. Securities and Exchange Commission

U.S. Senate

U.S. Supreme Court

U.S. Tax Court