AGs Sue To Block Treasury Rule Ending Shell Co. Reporting

By Jon Hill and Craig Clough

Nearly two dozen states sued the Trump administration Tuesday over its rollback of ownership reporting requirements for corporate entities, arguing the move constitutes an illegal, unilateral repeal of an anti-financial crime law that Congress enacted.

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Anthropic's 'Existential Risks' Warning Sets Stage For AI IPOs

By Sarah Jarvis

Anthropic PBC's registration statement includes more than 90 pages of risk disclosures for prospective investors ahead of the Claude developer's planned public offering, including "existential risks to humanity" posed by advanced artificial intelligence and a corporate governance structure the company warns may make it difficult for voting shareholders to replace directors and managers.

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Justice Department Inks 1st 'Near-Miss' Nonprosecution Deal

By Hailey Konnath

Software company Extreme Networks Inc. has agreed to pay $975,722 in penalties to put to rest allegations it unlawfully sold to a sanctioned Russian weapons manufacturer as part of a nonprosecution agreement that the U.S. Department of Justice said marks its first "near-miss" case under a new corporate disclosure policy.

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World Cup Workers' Attys Deserve Sanctions, Colo. Cos. Say

By Rachel Konieczny

Companies that managed the construction of stadiums for the 2022 FIFA World Cup in Qatar urged a Colorado federal judge Tuesday to sanction opposing counsel in Filipino workers' forced labor lawsuit against the companies, alleging the workers' attorneys took "shortcuts" that resulted in wasted legal costs for the companies.

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Analysis

3 Federal Circuit Clashes To Watch In November

By Ryan Davis

A high-stakes case that will determine whether the U.S. government should face patent infringement claims over Moderna's COVID-19 vaccines and Labcorp's appeal of a nine-figure patent verdict against it are among the arguments the Federal Circuit will hear in November.

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Brief

Commerce Orders Major Duties On Chinese Van-Type Trailers

By Jack McLoone

Van-type trailers and their subassemblies imported to the U.S. from China are subject to triple-digit countervailing and antidumping duties, the U.S. Department of Commerce ordered Tuesday.

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CIT OKs Commerce's 3rd Try At Justifying Korean Steel Duty

By Jack McLoone

The U.S. Department of Commerce appropriately showed the allocation of certain Korean government additional emissions permits to be a specific countervailable subsidy on its third attempt, the U.S. Court of International Trade said Tuesday, sustaining a duty rate on certain steel plate.

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OpenAI Sued Over Epilepsy Death Allegedly Tied To ChatGPT

By Emily Field

​The parents of a Chinese national with epilepsy who died earlier this year sued OpenAI on Tuesday in California state court, alleging ChatGPT was effectively practicing medicine without a license when it designed a tapering schedule for the anti-seizure medication that was keeping their daughter alive.

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Hogan Lovells Taps Ex-Spain Ambassador For Disputes Team

By Joyce Hanson

Hogan Lovells Cadwalader has added a former U.S. ambassador to Spain under the Biden administration to the global law firm's disputes team, where she will focus on government investigations and congressional inquiries, as well as cross-border disputes.

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DOJ Directive Gives Contractors A Fraud Risk Road Map

For government contractors, the 10 factors described in the U.S. Department of Justice's recent corporate fraud enforcement directive function as a de facto scoring rubric for internal audits that mirrors what prosecutors will prioritize, say attorneys at Spencer Fane.

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Judge Hellerstein, Gruff Moderator Of Major Cases, Dies At 92

By Pete Brush

Judge Alvin K. Hellerstein, a former litigator and sometimes impatient Manhattan federal jurist who presided over decades of high-profile cases that often came under close appellate scrutiny, died Wednesday at the age of 92.

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Texan Claims Austin Firm Hasn't Alerted Him To Data Breach

By Andrea Keckley

Linebarger Goggan Blair & Sampson LLP, an Austin, Texas-based law firm focused on collecting debts and taxes for public-sector clients, failed to protect its clients' personal information from a data breach, the plaintiff in a proposed class action claimed in Texas federal court Tuesday.

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BakerHostetler Malpractice Case To Expand With RICO Claim

By Emily Johnson

A Georgia federal judge has allowed a trustee who has accused BakerHostetler and an Atlanta-based attorney of legal malpractice to file an amended complaint after the trustee asked to add claims of Georgia RICO Act violations.

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Weil To Wind Down As Top Attorneys Abandon Firm

By Daniel Moritz-Rabson, Alex Wittenberg and Aebra Coe

Weil Gotshal & Manges LLP, the restructuring powerhouse that led Lehman Brothers, Enron and General Motors through bankruptcy, told Law360 Pulse Wednesday that the firm is preparing to wind down operations.

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NJ Atty Mishandled Property Damage Dispute, Court Told

By Hope Patti

A man told a New Jersey federal court that he was forced to pay excessive and avoidable fees to an attorney hired to represent him in a property damage dispute after the attorney mishandled the case by failing to advise him to tender the claim to his homeowners insurer.

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BigLaw Tip Middleman To Admit Role In $3.5M Trading Scheme

By Chris Villani

An alleged middleman in a sweeping scheme to trade off of deal information stolen from major law firms has agreed to plead guilty and potentially faces a prison term of nearly a decade, according to a plea agreement filed Wednesday in Massachusetts federal court.

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Mich. Judge Weighs Toshiba Legal Bills Discovery Fight

By Melanie Dorsey

A Michigan federal judge on Wednesday questioned whether she needs to review specific objections to DTE Electric Co. and Consumers Energy Co.'s multimillion-dollar attorney fee request before deciding whether Toshiba Corp. must disclose its own legal bills and litigation expenses following a nearly $394.4 million jury verdict over a botched power plant overhaul.

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Proskauer, Reddit Attys Called To Testify In Data-Scraping Suit

By Bryan Koenig

A New York federal judge on Wednesday called for live testimony from two Proskauer Rose LLP attorneys and Reddit's deputy general counsel as he weighs the law firm's bid to represent Perplexity AI in a lawsuit from Reddit, the firm's former client, over alleged data scraping.

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SC Gov.'s Counsel Still In The Running For Federal Judgeship

By Courtney Bublé

The chief legal counsel for South Carolina Gov. Henry McMaster is "being actively considered" for a federal judgeship, according to the White House, but it's not a done deal yet.

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