Developers seeking to finalize projects financed with clean energy tax credits and several loans are hitting a roadblock in demonstrating to the IRS that their debt has limited ties to prohibited foreign entities, a requirement for qualifying for the incentives.
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TUESDAY, JUNE 9, 2026 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

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Analysis

Developers Stumped By Energy Credits' Foreign Debt Limits

By Kat Lucero

Developers seeking to finalize projects financed with clean energy tax credits and several loans are hitting a roadblock in demonstrating to the IRS that their debt has limited ties to prohibited foreign entities, a requirement for qualifying for the incentives.

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Luxury Watches Must Face Duties, Gov't Tells Fed. Circ.

By Dylan Moroses

Counsel for the federal government told Federal Circuit judges Monday that the U.S. Court of International Trade was correct to find that imported Richard Mille luxury watches with clear sapphire backings cannot qualify for duty-free treatment.

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Advocates Can't Bring Cocoa Labor Suit, Fed. Circ. Affirms

By Jack McLoone

A labor rights organization hasn't suffered the harm needed to bring a suit against U.S. Customs and Border Protection for not responding to a petition to ban U.S. chocolate producers from importing cocoa from the Ivory Coast, a Federal Circuit panel affirmed.

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INVESTIGATIONS & REVIEWS

Brief

ITC Probing Amazon Smart Devices For AI Patent Infringement

By Jack McLoone

The U.S. International Trade Commission will investigate claims by artificial intelligence company Cerence AI that Amazon's smart devices infringe a collection of patents and thus should be subject to a limited exclusion order.

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LITIGATION

Shoals Solar Patent Dispute Kept Alive By NC Court

By Adam Lidgett

A North Carolina federal court has refused to find that three Shoals Technologies Group solar energy patents were unenforceable in the company's infringement suit but said the court would keep certain issues in mind should the case result in a damages verdict.

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Archer Can't Ditch Trimmed Joby Air Taxi Trade Secrets Suit

By Linda Chiem

A California federal judge has said Joby Aviation can forge ahead with a pared-down lawsuit alleging rival electric air taxi developer Archer Aviation misappropriated its trade secrets, but has tossed Archer's "shotgun pleadings" counterclaims alleging Joby misclassified imports to evade tariffs and concealed its China ties.

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Port Of Tacoma Deal Ends Pollution Row With Enviro Group

By Elaine Briseño

The Port of Tacoma and the Puget Soundkeeper Alliance have reached a tentative agreement to resolve their long-running dispute over wastewater regulation enforcement, with the Washington port agreeing to pay $3.9 million, including attorney fees and research.

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LEGAL INDUSTRY

Gibson Dunn, PE Firm Pay Charity $1M For Knicks VIP Seats

By Dorothy Atkins

Gibson Dunn and private equity firm Veritas Capital split the $1 million winning bid for two "Celebrity Row" seats in a Knicks fundraiser ahead of Game 3 of the NBA Finals between the New York Knicks and the San Antonio Spurs, the team's parent company announced Monday.

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Groom Law Joins Firms Matching New Milbank Associate Pay

By Tracey Read

Washington, D.C.-based Groom Law Group is the latest firm to match a new pay scale for associates that was set earlier this month by Milbank LLP, according to media reports Monday.

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9th Circ. Judge Faces Inquiry, Charges After Idaho Altercation

By Lauren Berg

The Ninth Circuit on Monday identified a judicial misconduct complaint against U.S. Circuit Judge Ryan D. Nelson after he was charged with misdemeanor battery stemming from an argument in an Idaho Falls parking lot that ended with him allegedly stomping a man's eyeglasses on the asphalt.

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Analysis

How A Texas Pastor Beat Mark Zuckerberg In Landmark Trial

By Craig Clough

Jurors who reached a landmark $6 million verdict in March finding Meta Platforms Inc. and Google liable for harming a teen's mental health didn't find Mark Zuckerberg credible, an impression that the plaintiff's attorney Mark Lanier credited to putting the well-prepared executive off his guard.

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King & Spalding May Be Sanctioned In $300M Fraud Lawsuit

By Aaron Keller

Two King & Spalding LLP partners face a sanctions hearing in a $300 million fraud lawsuit to determine whether they violated a rule requiring candor to the tribunal by falsely claiming attorneys for other parties were copied on letters to two Connecticut jurists, according to two state court orders.

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Another Lawmaker Joins Impeachment Push For Ga. Judge

By Courtney Bublé

A Republican House member on Monday introduced articles of impeachment for U.S. District Judge Eleanor Ross of the Northern District of Georgia after she was reprimanded for having sex with a police officer in her chambers within earshot of staff.

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Colorado Gov. Signs Bill Banning Fee Sharing With Non-Attys

By Emma Cueto

Colorado has enacted a ban on lawyers sharing fees with nonlawyer-owned firms, such as alternative businesses in Arizona, as well as a prohibition on deals with managed services organizations that involve paying a percentage of firm income.

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Brief

Todd Blanche Officially Nominated To Be AG

By Courtney Bublé

President Donald Trump on Monday officially nominated Todd Blanche to be attorney general.

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Trump Taps DC Appeals Court Picks To Fill Final Vacancies

By Courtney Bublé

President Donald Trump has announced two picks for the D.C. Court of Appeals, which will fill the remaining vacancies on the District of Columbia's top court.

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Mich. Dems Back Trump Judicial Pick After Blue-Slip Review

By Courtney Bublé

Michigan's Democratic U.S. senators, Gary Peters and Elissa Slotkin, announced on Monday they've returned their blue slips for the nomination of Michael Martin, a veteran career prosecutor, to be a judge in the Eastern District of Michigan.

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Chapman Law School Dean Says He Was Fired For Being Gay

By Hailey Konnath

The former dean of Chapman University's Dale E. Fowler School of Law says the university unlawfully fired him because he's gay and married to a man, according to a complaint filed in California state court.

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NJ Senators Advance Litigation Funding Disclosure Bill

By Carla Baranauckas

New Jersey state senators on Monday advanced legislation that would require disclosure of third-party litigation funding agreements over the objections of trial lawyers and litigation finance representatives, who warned that the bill could discourage funding for plaintiffs involved in costly cases.

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Law Student's Kirk Comment Discipline Stays During Appeal

By Spencer Brewer

A Texas federal judge on Monday kept intact a reprimand against a law student who allegedly celebrated following the death of Charlie Kirk during an appeal, saying that the student "again seeks the wrong remedy" in her request.

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100+ Ex-Prosecutors Question Chicago US Atty's Leadership

By Celeste Bott

More than 100 former Illinois federal prosecutors issued a statement Monday saying there's been a "failure of leadership" in the U.S. attorney's office in Chicago and that "once-forbidden political considerations are infecting prosecutorial decisions" in the wake of an Illinois federal judge accusing the office of mishandling grand jury proceedings in a case against six immigration activists.

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SCOTUSblog Founder Goldstein's Sentencing Delayed To July

By Jared Foretek

A Maryland federal judge has agreed to push SCOTUSblog founder Thomas Goldstein's sentencing to July, after federal prosecutors speculated that his defense attorneys might come to the previously scheduled June hearing and declare that they aren't ready to proceed.

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Titan Of The Plaintiffs Bar: Lieff Cabraser's Elizabeth Cabraser

By Emily Field

When Elizabeth Cabraser began working with Robert Lieff as a clerk at his small practice in Northern California in the late 1970s, fresh out of law school, her job was to help him dispose of his remaining cases so he could retire early and become a winemaker.

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LAW FIRMS IN TODAY'S NEWS

Allegaert Berger

Axinn Veltrop

Baker & Hostetler

Bracewell LLP

Cooley LLP

Dechert LLP

Eversheds Sutherland

Faegre Drinker

Foster Garvey

Gibson Dunn

Gordon Thomas Honeywell

Groom Law Group

Holland & Knight

Hueston Hennigan

Katten Muchin

King & Spalding

Lennon Murphy

Lieff Cabraser

McDermott Will & Schulte

Milbank LLP

Motley Rice

Munger Tolles

Quinn Emanuel

Seyfarth Shaw

Shook Hardy

Smith & Lowney

Smith Woolf

Stein Shostak

Torridon Law

Troutman

White & Case

Williams Mullen

COMPANIES IN TODAY'S NEWS

APM Terminals Management BV

Above the Law

Amazon.com Inc.

Apple Inc.

Archer Aviation Inc.

CVS Health Corp.

Gerald Holdings LLC

Google LLC

Instagram Inc.

InterContinental Hotels Group PLC

International Legal Finance Association

Joby Aero Inc

Johnson & Johnson

Madison Square Garden Entertainment Corp.

Merck & Co. Inc.

Meta Platforms Inc.

National Association of Mutual Insurance Companies

New Jersey Association for Justice

New Jersey Chamber of Commerce

New Jersey State Bar Association

New York Knicks

New York Rangers

Puget Soundkeeper Alliance

San Antonio Spurs

State Bar of California

Veritas Capital Fund Management LLC

Volkswagen AG

Walmart Inc.

YouTube Inc.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Executive Office for U.S. Attorneys

Federal Bureau of Investigation

Food and Drug Administration

Illinois General Assembly

Internal Revenue Service

International Trade Commission

U.S. Attorney's Office

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

U.S. Court of Appeals for the Federal Circuit

U.S. Customs and Border Protection

U.S. Department of Justice

U.S. Department of the Treasury

U.S. District Court for the District of Columbia

U.S. District Court for the District of Maryland

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

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 Georgia

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

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

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

U.S. Immigration and Customs Enforcement

U.S. Patent and Trademark Office

U.S. Secret Service

U.S. Supreme Court