A Fifth Circuit panel pushed insurers to explain why they should be allowed to avoid covering the defense of Ericsson Inc. against claims the company funded foreign terrorist organizations, asking Tuesday if Ericsson knew the money it gave out "was going to kill Americans."
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WEDNESDAY, JULY 8, 2026 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

5th Circ. Presses Ericsson Insurers On Terrorism Suit Defense

By Spencer Brewer

A Fifth Circuit panel pushed insurers to explain why they should be allowed to avoid covering the defense of Ericsson Inc. against claims the company funded foreign terrorist organizations, asking Tuesday if Ericsson knew the money it gave out "was going to kill Americans."

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Insurer Can't Argue Fraud To Escape $78M Crash Judgment

By Hope Patti

An insurer for a home renovation company is bound by a nearly $78 million judgment in an underlying suit over an auto collision involving a worker who was on the way to perform plumbing services and cannot attack the judgment as fraudulent, a California federal judge has ruled.

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Feds Push 3rd Circ. To Restore ACA Birth Control Exemptions

By Matthew Santoni

Lawyers for the Trump administration and a Catholic religious order Tuesday asked the Third Circuit to restore broad exemptions to the Affordable Care Act's birth control coverage mandate, arguing federal agencies had discretion to pass rules that effectively enabled employers to "opt in" to the mandate rather than opt out.

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LITIGATION

Grocers' Microcaptive Not Valid For Tax Benefit, 7th Circ. Told

By Kat Lucero

Chicagoland grocery chain owners were not entitled to microcaptive tax benefits because they failed to establish a bona fide in-house insurance arrangement, the government told the Seventh Circuit, saying the U.S. Tax Court correctly held that state law does not control the federal tax definition of insurance.

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Fee Award Halved In Douglas Elliman Shareholder Settlement

By Hilary Russ

Attorneys representing investors in a derivative litigation over a sexual misconduct scandal involving former top real estate brokers at luxury residential firm Douglas Elliman were awarded $1.87 million in the Delaware Chancery Court on Tuesday for fees and expenses, about half their original request.

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Data Co. Not Covered In Meta Glasses Privacy Suit, Court Told

By Hope Patti

A data annotation company accused of using private recordings collected by Meta's smart glasses to train artificial intelligence models is not entitled to insurance coverage, a Travelers unit told a California federal court, saying the company's policy bars coverage for the wrongful collection of protected personal information.

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LEGAL INDUSTRY

Sealing The Deal

How Gibson Dunn Helped SpaceX Pull Off Its $75B Global IPO

By Al Barbarino

When SpaceX completed its record-breaking $75 billion initial public offering last month, the transaction was notable not only for its size — the largest IPO ever — but also for breaking new ground in how public offerings can be structured to reach retail investors around the world.

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CEO Cops To Conspiracy In BigLaw Insider Trading Case

By Sydney Price

A Dubai-based CEO and trader has pled guilty in Massachusetts federal court to charges that he worked with a former BigLaw associate and others to carry out a far-reaching insider trading scheme.

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Justices To Defend Court's Budget In Rare Hill Testimony

By Courtney Bublé

U.S. Supreme Court Justices Amy Coney Barrett and Elena Kagan will testify before House and Senate committees on July 14, marking the first time in seven years that a sitting justice has gone before lawmakers.

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Ex-DOJ Employees Tell Senate To Reject Blanche Nomination

By Emily Sawicki

Hundreds of former Justice Department employees and appointees urged the Senate in a Tuesday letter to reject the nomination of acting Attorney General Todd Blanche for the permanent role, particularly noting what they called Blanche's work toward politicizing the department.

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ChatGPT Edits Weren't 'Knowing' Errors, Conn. Justices Told

By Aaron Keller

A GLG Law LLC lawyer who blamed ChatGPT for misquotes and citation errors in three filings told the Connecticut Supreme Court on Tuesday he did not violate an ethics rule requiring candor to the tribunal because his briefs, though inaccurate, contained correct assertions about the law.

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Ogletree Co-Founder Deakins, 'Beacon Of Wisdom,' Dies At 90

By Emily Johnson

A co-founder of the global labor and employment juggernaut Ogletree Deakins Nash Smoak & Stewart PC died Monday after decades of helping shape the firm's values of honesty and transparency.

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McCarter Atty's Work 'Fell Short' In $20M Deals, Judge Told

By Brian Steele

McCarter & English LLP and one of its Connecticut attorneys failed to uphold the applicable standard of care when advising insurers on $20 million worth of loan transactions that ultimately fell apart because the borrower stopped paying, an expert witness told a Connecticut state court on Tuesday.

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House Dems Push To Ban Judges From Prediction Markets

By Emily Sawicki

Ranking members of the House Judiciary Committee on Tuesday called on the federal judiciary to ban judges from taking part in prediction markets amid growing concerns that court-related wagers could undermine judicial integrity.

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LAW FIRMS IN TODAY'S NEWS

Ashby & Geddes

Clark Hill

Clement & Murphy

Dykema

Gibson Dunn

Goodwin Procter

Greenberg Traurig

Harris Beach Murtha

Haynes Boone

Hicks Thomas

Hinshaw & Culbertson

Latham & Watkins

Logan Vance

McCarter & English

Norton Rose

Ogletree Deakins

Pomerantz LLP

Shernoff Bidart

Sidley Austin

Silver Golub

Silver Law PLC

Sullivan & Cromwell

Wiggin & Dana

Woolston & Tarter

Zeldes Needle

COMPANIES IN TODAY'S NEWS

Amazon.com Inc.

Blue Bell Creameries LP

BorgWarner Inc.

Connecticut Bar Association

Connecticut Fair Housing Center

Douglas Elliman Realty LLC

EchoStar Corp.

Fort Point Capital

Gerson Lehrman Group Inc.

Guess Inc.

Johnson & Johnson

LinkedIn Corp.

Nasdaq Inc.

Occidental Petroleum Corp.

Space Exploration Technologies Corp.

Telefonaktiebolaget LM Ericsson

The Travelers Cos. Inc.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Congressional Research Service

Delaware Court of Chancery

European Union

Federal Bureau of Investigation

Internal Revenue Service

New Jersey Attorney General's Office

Pennsylvania Office of the Governor

U.S. Army

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

U.S. Court of Appeals for the Fifth Circuit

U.S. Court of Appeals for the Seventh Circuit

U.S. Court of Appeals for the Third Circuit

U.S. Department of Justice

U.S. District Court for the District of Massachusetts

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

U.S. Securities and Exchange Commission

U.S. Supreme Court

U.S. Tax Court

Utah Insurance Department