A founder seeking over $100 million from Simpson Thacher & Bartlett over a transaction he says destroyed his insurance services company testified Thursday the law firm provided him no education on various words he wasn't familiar with in the deal.
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FRIDAY, JULY 17, 2026 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

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Simpson Thacher 'Never' Explained Ill-Fated Deal, Exec Says

By Cara Salvatore

A founder seeking over $100 million from Simpson Thacher & Bartlett over a transaction he says destroyed his insurance services company testified Thursday the law firm provided him no education on various words he wasn't familiar with in the deal.

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Fla. Cos. To Pay $152M In FTC Healthcare Telemarketing Row

By Hope Patti

A pair of insurance agencies accused by the Federal Trade Commission of operating a deceptive telemarketing scheme that targets consumers looking for health insurance must pay a combined $152 million to resolve the claims, a Florida federal court ruled Thursday.

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NJ Panel Says Insurer, Not Driver, Owed Auto Damage Proof

By Gianna Ferrarin

A New Jersey appellate panel held Thursday that the burden of proof was on an insurer, not a driver, in a coverage dispute stemming from a blown head gasket that rendered her vehicle inoperable, vacating the insurer's win and remanding for a new trial.

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LITIGATION

Aramark Asks Full 5th Circ. To Nix Aetna ERISA Arbitration Bid

By Grace Elletson

Food services company Aramark urged the full Fifth Circuit to deny Aetna's request to arbitrate allegations that it cost Aramark millions by bungling health benefits claims, arguing that the insurer is attempting to twist U.S. Supreme Court precedent to kick the case out of court.

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Walgreens Sues Mass. Medicaid Program Over Drug Rates

By Julie Manganis

Walgreens says administrators of the Massachusetts Medicaid program cannot rely on drug prices negotiated with pharmacy benefit managers to determine reimbursement rates, in a challenge to the state's effort to claw back $242,000 in alleged overpayments.

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Brief

Geico Gets Final OK On $2.6M Injury Coverage Deal In Wash.

By Gianna Ferrarin

A Washington federal judge signed off on a $2.6 million settlement between Geico and a class of hundreds of drivers resolving a dispute over whether the insurer improperly withheld drivers' personal injury protection coverage by asserting they reached "maximum medical improvement."

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Brief

Liberty Mutual Settles Fired VP's Race Bias Suit

By Abigail Harrison

Liberty Mutual Group Inc. has settled a lawsuit by a former vice president and senior talent adviser who alleged she was sidelined and eventually fired due to her race, according to a stipulation filed in North Carolina federal court.

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EXPERT ANALYSIS

Assessing New Risks After The End Of The SEC's Gag Rule

The U.S. Securities and Exchange Commission's recent rescission of its long-standing no‑deny gag rule marks a transition from a regime of enforced silence to one of strategic communication, meaning the question is no longer simply whether to settle, but how to manage the narrative that follows, say attorneys at Nelson Mullins.

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Series

Being A Magician Makes Me A Better Lawyer

The skills I've developed as a lifelong magician have translated directly into tangible benefits in the courtroom because performing magic and trying cases both live at the intersection of psychology, storytelling, timing and disciplined rehearsal, says Mark Dombroff at Fox Rothschild.

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LEGAL INDUSTRY

How Does Your Compensation Stack Up? Take Our Survey

Is your compensation keeping pace with the rate of inflation? Do you know what your colleagues made last year? Help Law360 Pulse answer these questions and more in this year's Law Firm Compensation Survey.

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Feature

As Law Firms Race To Adopt AI, Cost Concerns Grow

By Phillip Bantz

Pressure is mounting on law firm leaders to dive into the AI waters or watch competitors swim away, but figuring out responsible, cost-effective methods to use high-priced legal tech remains tricky, experts say.

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Richards Layton Apologizes For AI Errors In Chancery Case

By Rose Krebs

Richards Layton & Finger PA and one of its attorneys have apologized to the Delaware Chancery Court for submitting a filing with errors generated by artificial intelligence, asking that sanctions not be imposed.

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McDermott Atty Denies Pressuring Friend To Alter Testimony

By Rose Krebs

A McDermott Will & Schulte LLP attorney has told a Delaware vice chancellor that he is in "complete shock" and "hurt" by a longtime friend's contention that he pressured him to change his testimony in a Chancery Court case, saying the accusation "is false and without any merit."

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Blue-Slip-Backed Trump Judge Selections Advance

By Courtney Bublé

The first two judicial nominations of the second Trump administration to receive supportive blue slips from Democratic senators advanced to the Senate floor Thursday.

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Goulston Docked Ex-Partners' Pay For Joining Rival, Suit Says

By Julie Manganis

Two Goulston & Storrs PC directors who jumped to Troutman Pepper Locke LLP were stiffed out of hundreds of thousands of dollars in compensation in retaliation for leaving, according to a suit filed Thursday in New York federal court.

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Feature

In Uber Assault Trial, A Courtroom Tests Truth Face-To-Face

By Hayley Fowler

This is the first in a two-part series about the Virginia Revival Model courtroom in the Charles R. Jonas federal courthouse in Charlotte, North Carolina. Here, judges and attorneys recall how a sexual assault trial against Uber unfolded in a space designed to place focus on the witnesses.

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Tillis Might Back Blanche, As AG Pick Met Epstein Survivors

By Courtney Bublé

Acting U.S. Attorney General Todd Blanche on Thursday afternoon met with a group of survivors of sex offender Jeffrey Epstein after retiring Sen. Thom Tillis, R-N.C., said his condition for supporting Blanche's appointment to the permanent position was for the nominee to speak to them face-to-face.

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LAW FIRMS IN TODAY'S NEWS

Abrams & Bayliss

Anapol Weiss

Badgley Mullins

Burns Charest

Cohen & Gresser

Conrad & Scherer

Constangy Brooks

Cove Law PA

Faegre Drinker

Fox Rothschild

Freshfields

Goulston & Storrs

Herrmann & Murphy

Hicks Thomas

Kirkland & Ellis

Landis Rath

McDermott Will & Schulte

McKool Smith

Milun Law Firm

Morris Nichols

Nelson Mullins

Olshan Frome

Paul Hastings

Potter Anderson

Pryor Cashman

Quinn Emanuel

Reed Smith

Richards Layton

Rivkin Radler

Ropes & Gray

Simpson Thacher & Bartlett

Stearns Weaver

Tango Dickinson

Troutman

Watstein Terepka

Williams & Connolly

Williams Kastner

COMPANIES IN TODAY'S NEWS

Aetna Inc.

Aramark

Geico Corp.

Hard Yaka Inc.

KPMG International

Liberty Mutual Insurance Group

Microsoft Corp.

Palantir Technologies Inc.

Patriot National Inc.

The Cigna Group

Tidewater, Inc.

Uber Technologies Inc.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Commonwealth of Massachusetts

Delaware Court of Chancery

Executive Office of the President

Federal Bureau of Investigation

Federal Trade Commission

U.S. Court of Appeals for the Fifth Circuit

U.S. Department of Justice

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

U.S. District Court for the Eastern District of Michigan

U.S. District Court for the Eastern District of Pennsylvania

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

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

U.S. District Court for the Southern District of Florida

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

U.S. District Court for the Western District of Washington

U.S. Securities and Exchange Commission

U.S. Senate

U.S. Supreme Court

United States District Court for the District of North Dakota