Justices Adopt Broad Reading Of Cuba Expropriation Law

By Caroline Simson

The U.S. Supreme Court on Thursday adopted a broad view of a federal law allowing U.S. victims of property seizures by the Cuban government to seek damages, vacating an Eleventh Circuit opinion that overturned a $440 million judgment against several cruise companies for trafficking in property seized by the Cuban government.

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Trade Court Won't Pause Tariff Ruling During US Appeal

By Dylan Moroses

The U.S. Court of International Trade won't stay its ruling blocking the collection of temporary global duties for two businesses and the state of Washington while the federal government appeals the judgment to the Federal Circuit, according to an opinion.

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2nd Circ. Agrees Amazon Not Liable In Fur Import Evasion

By Jack McLoone

A U.S. fur company couldn't show that Amazon willfully ignored a 15-year scheme carried out by foreign fur sellers to avoid certain tariffs and import fees, a Second Circuit panel found, affirming the dismissal of a False Claims Act suit against the company.

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Analysis

How Exxon Attys Beat A 10-Year-Old Securities Class Action

By Spencer Brewer

This month, Exxon Mobil's defense team helped deliver a clean sweep victory for the energy giant when a federal jury in Texas found the company did not lie to investors about the profitability of some operations.

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Russian Palladium Facing 110% Countervailing Duty

By Jack McLoone

Imported Russian unwrought palladium is facing a nearly 110% countervailing duty rate following a final determination issued by the U.S. Department of Commerce on Thursday.

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Brief

Indian, Turkish Chromium Trioxide Facing Antidumping Duties

By Jack McLoone

Imports from Turkey and India of a chemical used in wood preservation, metal finishing and plating are being sold at less than fair value, the U.S. Department of Commerce said Thursday, setting the products up to facing antidumping duties.

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OCC Says Fintech Partner Bank Fell Behind On AML Controls

By Jon Hill

The Office of the Comptroller of the Currency has ordered Community Federal Savings Bank to strengthen its anti-money laundering controls after finding that the New York-based bank failed to keep pace with the risks from its fast-growing payment-processing business.

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Goldman Pens $500M Deal To End Investors' 1MDB Suit

By Jessica Corso

Goldman Sachs has agreed to pay $500 million to end a lawsuit brought by investors who say they lost money after it came to light that the company was allegedly involved in a bribery scandal tied to Malaysia's sovereign wealth fund.

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Magna Unit Sues Mich. Firm Over $11M Ford Program Assets

By Melanie Dorsey

A division of Magna International Inc. has sued a Michigan automation company in federal court, accusing it of wrongfully holding more than $11 million in manufacturing assets, including dozens of industrial robots, after the cancellation of a Ford Motor Co. vehicle program.

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Cuba Sanctions Shift Puts Foreign Cos. In OFAC's Crosshairs

A recent executive order marks an extreme shift for foreign companies whose Cuban dealings have no relation to the U.S. and are entirely lawful under the laws of their home jurisdictions, such that their existing ring-fence protocols no longer offer protection from the Office of Foreign Assets Control’s secondary sanctions, says Jeremy Paner at Hughes Hubbard.

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Series

NY Times Word Puzzles Make Me A Better Lawyer

Every morning I let The New York Times humble me with word games, which offer a chance to recalibrate my brain before the day's chaos arrives and remind me that a solution — whether to a puzzle or employment law issue — almost always exists once I find the right angle, says Amy Epstein Gluck at Pierson Ferdinand.

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Analysis

BigLaw Deals Scandal Puts Boston Back On White Collar Map

By Chris Villani

A sweeping insider trading case involving information stolen from BigLaw firms shows a return to bread-and-butter white collar enforcement for Boston federal prosecutors and provides a morale lift in an office that has seen shifting priorities and staff turnover since the signature "Varsity Blues" takedown in 2019, veteran prosecutors told Law360.

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Goldstein Taps Ex-SG Prelogar Before Sentence, Likely Appeal

By Jeff Overley

One of the nation's most accomplished oral advocates, Tom Goldstein, revealed Thursday he has retained another of the nation's most accomplished oral advocates, Elizabeth Prelogar, ahead of his sentencing and likely appeal in a criminal tax case that has captivated the appellate bar.

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Immigration Judges' 'Anxiety' Dialed Up Amid Mass Exodus

By Emma Cueto

Current and former immigration judges spoke on a web panel Thursday about threats to the independence of immigration judges and the strains on the immigration system, such as a massive backlog of cases at a time when many judges have been pushed out or fired.

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PBM Swaps Cravath For WilmerHale In Price-Fixing Suit

By Bonnie Eslinger

Pharmacy benefit manager Prime Therapeutics LLC has replaced counsel Cravath Swaine & Moore LLP with WilmerHale and another firm in an antitrust case in Michigan federal court brought by the state's attorney general.

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Bush-Appointed Missouri Judge To Take Senior Status

By Courtney Bublé

U.S. District Judge David Gregory Kays of the Western District of Missouri will take semi-retired status in May 2027, according to an update from the federal judiciary on Thursday.

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Feature

5 Podcasts To Keep IP Attys Entertained And Informed

By Theresa Schliep

Whether intellectual property attorneys are hitting the road for a family trip or kicking their feet up at home, podcasts about legal news can offer an easy way for them to stay in the know while (hopefully) not working this Memorial Day weekend.

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