Trump's Temporary Global Tariffs Illegal, Trade Court Rules

By Dylan Moroses

President Donald Trump's temporary global 10% tariffs are unlawful because the narrow set of economic conditions required for the measure to be imposed were not met, the U.S. Court of International Trade said Thursday in a divided opinion.

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Agency Improperly Restrained In Duty Review, Fed. Circ. Told

By Dylan Moroses

The U.S. Court of International Trade improperly restrained the Commerce Department's discretion to determine countervailable subsidies during a South Korean exporter's administrative review, U.S. steel giant Nucor Corp. told the Federal Circuit on Thursday.

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Trade Court Says Pencil Co. Lacked Standing In Duty Fight

By Jack McLoone

A pencil company challenging the U.S. Department of Commerce's decision to rescind a duty review of Chinese pencils because the company didn't qualify as a domestic producer continually failed to prove its standing, the U.S. Court of International Trade ruled in a dismissal.

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Analysis

How Litigation Funding Disclosure Could Affect ITC Cases

By Ryan Davis

The U.S. International Trade Commission's proposed rule to require disclosure of litigation funding in intellectual property cases could bring more transparency to disputes and promote settlements, but it could also discourage some suits if it's not carefully tailored, attorneys say.

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Analysis

Why Compliance Is Getting Complicated In Latin America

By Phillip Bantz

White collar compliance is getting trickier for companies that do business in Latin America, according to experts, who say they are seeing big shifts in the region connected to cartel crackdowns and efforts to strengthen corporate regulations, including relatively recent pushes for voluntary self-disclosure.

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Brief

US Open To WTO Consultations On 10% Global Tariff Rate

By Jack McLoone

While a World Trade Organization committee said it "welcomed the transparency" of the U.S. for submitting official notice of President Donald Trump's temporary 10% global ad valorem tariff, some members have expressed concerns about the effects it could have on global trade.

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Iran War Risks £8B Annual Tax Hit To UK, Report Warns

By Josh White

The Iran war could cost the U.K. government up to £8 billion ($10.9 billion) a year through lost tax revenue and higher debt interest payments, a progressive think tank warned Thursday.

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Brief

Chinese Exporter Faces 200% Duty Rate After Leaving Review

By Jack McLoone

A Chinese wood molding exporter is facing a preliminary 200% countervailing duty rate on its imports after removing itself from an administrative review, the U.S. Department of Commerce said Thursday.

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Sanctions Sought For Trader Accused Of Using Frozen Funds

By Carolina Bolado

The receiver overseeing The Traders Domain, a brokerage accused by the Commodity Futures Trading Commission of orchestrating a $283 million scheme, pushed Thursday for sanctions against a commodities trader accused of funding a lavish lifestyle with $3.4 million from an entity that is supposed to be part of the receivership.

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Netlist Backs DOJ Stance On Essential IP In Samsung Case

By Adam Lidgett

The U.S. Department of Justice is correct that having a patent included in a standard does not necessarily give the patentholder market power, Netlist said in defending itself against Samsung's lawsuit accusing it of exploiting a standard-setting process.

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Wyden Probes Wall Street Firms For Tariff Refund Stakes' Info

By Dylan Moroses

The top Democratic lawmakers on the Senate Finance Committee sent letters to major Wall Street firms Thursday about their activity in buying the rights to importers' tariff refund interests at a discount following the U.S. Supreme Court's decision in February striking down President Donald Trump's emergency tariff regime. 

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FinCEN Rule Could Reshape AML Priorities Across Finance

Financial institutions should prepare for a proposed Financial Crimes Enforcement Network rule that would heighten scrutiny of anti-money laundering requirements and encourage responsible use of technology, potentially reorienting compliance, governance decisions and enforcement exposure for organizations across the financial sector, not just banks, say attorneys at Pillsbury.

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Series

Speed Jigsaw Puzzling Makes Me A Better Lawyer

My passion for speed puzzling — I can complete a 500-piece jigsaw puzzle in under 50 minutes — has sharpened my legal skills in more ways than one, with both disciplines requiring patience, precision and the ability to keep the bigger picture in mind while working through the details, says Tazia Statucki at Proskauer.

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Womble Bond Atty's 'Draconian' Penalty Gives 4th Circ. Pause

By Hayley Fowler

A Fourth Circuit panel seemed to struggle Thursday with what one judge described as a "draconian" contempt order against a Womble Bond Dickinson partner, with the panel nudging counsel for both sides toward a simpler solution that wouldn't force the court's involvement.

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Ex-Jackson Walker Atty Seeks Breakup With Romance Suit

By Adrian Cruz

A former Jackson Walker LLP partner said Thursday that she should be dropped from a suit accusing her, a former Texas bankruptcy judge she had a secret relationship with and multiple law firms of fomenting "mass corruption" in Houston's bankruptcy court.

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SEC Fines Ex-BigLaw Atty For Insider Trades On Apollo Deal

By Hailey Konnath

A former Buchalter PC shareholder has agreed to pay $71,625 to settle the U.S. Securities and Exchange Commission's allegations he purchased stock ahead of Apollo Global Management's $1.5 billion acquisition of Bridge Investment, which the commission said he was representing in an unrelated matter at the time.

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Comey Retains NC Criminal Defense Pro For 2nd Indictment

By Rachel Rippetoe

Former FBI Director James Comey has added a North Carolina white collar defense pro to his legal team fighting an indictment by the Trump administration over a social media post last year that prosecutors characterized as a threat of violence against the president, according to a court filing on Thursday.

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Judiciary Panel Punts AI Rules, Mulls Judges' Survey Results

By Jeff Overley

Buckle up: Efforts to modernize evidentiary rules amid artificial intelligence fears are getting bumpy, as judiciary advisers Thursday agreed to dramatically delay action while digesting an AI survey of nearly 1,000 judges and organizing a symposium of litigators and tech pros.

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Toss Of Ex-Shkreli Atty's Deal May Be Error, 2nd Circ. Hints

By Pete Brush

A Second Circuit judge hinted Thursday that a trial judge may have erred in rejecting a retirement-fund garnishment deal that would have protected Martin Shkreli's convicted former lawyer from a potential $1 million "punitive tax event."

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NC Judge Tosses Atty's Suit Against State Bar Panel Member

By Andrea Keckley

A North Carolina federal judge dismissed a suspended attorney's lawsuit against a State Bar Disciplinary Hearing Commission member he accused of bias and due process violations, finding Thursday that the defendant is entitled to absolute quasi-judicial immunity.

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