An accountant for billionaire investor Alec Gores said that Thomas Goldstein had suggested he open a foreign account for Gores' poker-related transactions or even classify him as a professional player for tax purposes, although Gores was just getting started in the high-stakes poker world.
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FRIDAY, JANUARY 16, 2026 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

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As Goldstein Trial Begins, Gov't Points To 'Lavish' Lifestyle

By Jared Foretek

An accountant for billionaire investor Alec Gores said that Thomas Goldstein had suggested he open a foreign account for Gores' poker-related transactions or even classify him as a professional player for tax purposes, although Gores was just getting started in the high-stakes poker world.

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Chancery Won't Fast-Track Paramount's Bid For WB Info

By Jarek Rutz

The Delaware Chancery Court on Thursday denied Paramount Skydance Corp.'s request for expedited proceedings in its disclosure suit against Warner Bros. Discovery Inc., ruling that Paramount failed to show it faced irreparable harm from alleged omissions tied to WBD's recommendation against Paramount's hostile tender offer.

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Pittsburgh Post-Gazette Loses 3rd Circ. Appeal In CBA Fight

By Emily Brill

The Pittsburgh Post-Gazette has lost its latest bid to duck an injunction compelling it to restore its 2014-17 collective bargaining agreement, with the full Third Circuit refusing to reconsider a panel's decision to issue the injunction in 2025.

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Getty Loses 2nd Circ. Bid Over $88M Stock Sale Breach Order

By Jessica Corso

A divided Second Circuit on Thursday upheld a ruling requiring Getty Images to pay out nearly $88 million to investors who said they were blocked from purchasing shares in the company once it became public, finding Getty breached a contract promising the investors those shares.

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Book Publishers Ask To Join Authors' AI Suit Against Google

By Ivan Moreno

Book publishers Cengage Learning and Hachette Book Group on Thursday asked to intervene in a proposed copyright class action from writers and illustrators accusing Google of using their works for AI training, arguing that as major publishers they have significant interests that are not currently represented in the case.

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Jordan Rookie Card Was 'Crap,' Buyer Says At Seller's Trial

By Pete Brush

A longtime sports trading card merchant told a Manhattan federal jury Thursday that two men accused of perpetrating a $2 million scam sold him a faked mint-condition Michael Jordan rookie card as part of a $260,000 deal.

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Musk Child's Mom Says Grok Created Nonconsensual Images

By Hailey Konnath

Influencer Ashley St. Clair, the mother of one of Elon Musk's children, has sued Musk's artificial intelligence company xAI, claiming she was depicted in sexually explicit imagery generated by Grok without her consent and that xAI has "chosen to willfully turn a blind eye and even celebrate" similar sexual exploitation.

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Daily Mail, Celebs Accuse Each Other Of Pushing New Claims

By Ronan Barnard

Prince Harry and other public figures argued with the publisher of Daily Mail at court on Thursday, accusing each other of springing allegations on the eve of a mammoth trial over the newspaper's alleged use of unlawful information-gathering techniques.

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INTELLECTUAL PROPERTY

Xreal Accuses Smart Glasses Rival Of Patent Infringement

By Craig Clough

Chinese-owned smart glasses maker Xreal on Thursday filed a lawsuit in Texas federal court against rival Viture Inc., accusing it of being a latecomer to the market and choosing a "shortcut" of patent infringement with its competing products. 

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PRIVACY & CONSUMER PROTECTION

Tinder's $60.5M Deal For Charging Users Over 29 More OK'd

By Craig Clough

A Los Angeles Superior Court judge has granted preliminary approval to a $60.5 million settlement Tinder reached with a class of users who alleged the dating app unlawfully charged subscribers age 30 and older more than younger daters, drawing the decade-long litigation to a close.

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COMPETITION

Epic CEO, Google Execs To Testify At Play Store Deal Hearing

By Dorothy Atkins

Epic Games and Google plan to call Epic CEO Tim Sweeney, an economist, a Google executive and in-house counsel during an upcoming evidentiary hearing into their proposed Android app distribution settlement, which has drawn skepticism from the judge, who has appointed an economist to independently evaluate the deal.

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SECURITIES & WHITE COLLAR

BuzzFeed Loses Bid To Unseal HSBC Laundering Report

By Lauren Berg

The U.S. Department of Justice does not have to provide to former BuzzFeed reporter Jason Leopold a confidential report on HSBC Bank's anti-money laundering compliance, a D.C. federal judge ruled Thursday, saying disclosure of the entire report, even with redactions, risks chilling the cooperation of foreign regulators.

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Musk Slams SEC's 'Premature' Bid For Twitter Buy-Up Win

By Emilie Ruscoe

The U.S. Securities and Exchange Commission shouldn't be handed an early win on its claims Elon Musk didn't make timely disclosures of his stake in Twitter when the regulator hasn't yet produced discovery in the matter, the tech billionaire has argued.

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SEC Says Healthcare Exec Misspent $10.6M In Investor Funds

By Katryna Perera

The U.S. Securities and Exchange Commission on Thursday accused a healthcare company CEO of misappropriating over $10 million from investors by falsely claiming the funds would be used to develop cancer screening and treatment technology when in fact they were spent on credit card debt, luxury vehicles and strip club visits.

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TELECOMMUNICATIONS

Verizon, Calif. Strike Diversity Deal In Frontier Takeover

By Christopher Cole

California utility regulators approved Verizon's takeover of Frontier Communications' fiber network Thursday, after the wireless giant has reached several agreements to support statewide diversity and digital equity initiatives.

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Civil Rights Groups Fight Relaxed Media Ownership Regs

By Christopher Cole

Groups representing Asian Americans and Pacific Islanders urged the Federal Communications Commission not to allow media companies to further expand their ownership of local broadcasters, citing the need to protect viewpoint diversity and consumers.

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IMMIGRATION

State Dept. Releases List Of Countries Targeted By Visa Pause

By Ganesh Setty

The U.S. Department of State released an official list of the 75 countries for which it will pause issuing immigrant visas, after it said immigrants from these countries "take welfare from the American people at unacceptable rates."

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EXPERT ANALYSIS

Insights From 2025's Flood Of Data Breach Litigation

Several coherent patterns emerged from 2025's data breach litigation activity, suggesting that judges have grown skilled at distinguishing between companies that were genuinely victimized by sophisticated criminal actors despite reasonable precautions, and those whose security practices invited exploitation, says Frederick Livingston at McDonald Baas.

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4 Ways GCs Can Manage Growing Service Of Process Volume

As automation and arbitration increase the volume of legal filings, in-house counsel must build scalable service of process systems that strengthen corporate governance and manage risk in real time, says Paul Mathews at Corporation Service Co.

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9th Circ. Copyright Ruling Highlights Doubts On Intrinsic Test

Two concurring opinions in Sedlik v. Von Drachenberg may mark an inflection point in the Ninth Circuit's substantial-similarity jurisprudence, inviting copyright litigants to reassess strategy as the court potentially shifts away from the intrinsic test, say attorneys at Troutman.

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Considerations In Building Guardrails For AI Use In Arbitration

A recent California federal court case involving allegations of artificial intelligence ghostwriting an arbitration award, prior analogous practice on tribunal delegation, and emerging generative AI recommendations all support building a forward-looking framework for arbitration rules to minimize the risk of AI-based challenges, say attorneys at Crowell & Moring.

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Series

Fly-Fishing Makes Me A Better Lawyer

Much like skilled attorneys, the best anglers prize preparation, presentation and patience while respecting their adversaries — both human and trout, says Rob Braverman at Braverman Greenspun.

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LEGAL INDUSTRY

Simpson Thacher Offers Stipend To Lure Summer Associates

By Tracey Read

In an effort for Simpson Thacher & Bartlett LLP to attract top students who want to pursue public interest work, the firm said it will pay a stipend of $42,500 for the 2026-2027 cycle for those who opt to spend their 1L summer in a qualifying public service, government, academic, in-house legal or nonprofit role.

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Calif. Justices Order Prosecutors To Explain Alleged AI Errors

By Dorothy Atkins

The California Supreme Court has ordered Nevada County prosecutors to explain to a lower court why they shouldn't be sanctioned for "apparent serial submission" of artificial intelligence-generated briefs with nonexistent legal citations in multiple criminal proceedings.

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Judiciary AI Rule Draws Fire As Judges Get Deepfakes Survey

By Jeff Overley

Federal judiciary policymakers heard extensive concerns Thursday regarding high-profile plans to formally screen evidence generated with artificial intelligence, and they set the stage for more feedback by preparing an AI survey for every federal trial judge.

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ICE Detention Facilities Nearly Doubled Last Year, Report Says

By Tom Lotshaw

An American Immigration Council report said the Trump administration detained record numbers of noncitizens last year, most without criminal records, and held them in a rapidly expanding network of facilities that could soon rival the federal criminal prison system.

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Fla. High Court Opens Door To Non-ABA Accrediting Entities

By Carolina Bolado

The Florida Supreme Court on Thursday changed the bar exam admission requirements to allow graduates of law schools accredited by entities other than the American Bar Association to sit for the Florida bar exam.

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5th Circ. Revives Allstate's Fraud Suit Over Car Crash Billing

By Gina Kim

The Fifth Circuit on Wednesday revived Allstate's racketeering suit alleging doctors and personal injury lawyers unleashed a barrage of unnecessary treatments for car accident patients and caused Allstate to pay $4.7 million in claims, finding the insurer sufficiently pled details about the conspiracy and specifics surrounding each allegedly fake medical billing.

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Sens. Advance Indiana Judge Nominee Grilled Over Sermons

By Courtney Bublé

A federal judicial nominee for Indiana who came under scrutiny by a Republican senator for his past sermons as an ordained elder was voted out of committee Thursday alongside five other judicial nominees.

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Trump US Atty Pick In NM Bumped To First Assistant

By Emily Sawicki

A New Mexico federal judge has ruled the Trump-appointed interim U.S. Attorney for New Mexico is not validly serving in the role but declined to disqualify the prosecutor from a slate of cases pending in the district, instead determining the lawyer may continue to work in the federal prosecutor's office as first assistant.

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Wash. Judges To Pick US Atty As Floyd's Term Set To Expire

By Gina Kim

The chief judge for the Western District of Washington on Wednesday announced the court's intent to select a U.S. attorney to serve on a temporary basis if President Donald Trump's pick, Charles Neil Floyd, who has been serving on an interim basis, isn't confirmed by the Senate by next month. 

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COMPANIES IN TODAY'S NEWS

AVX Corp.

Alta Partners LP

American Arbitration Association

American Bar Association

American Immigration Council Inc.

Apple Inc.

Asian Americans Advancing Justice

Association of American Publishers

BASF SE

Bloomberg LP

BuzzFeed Inc.

CVS Health Corp.

California Public Defenders Association

Cengage

Chartered Institute of Arbitrators

Civil Rights Corps

Columbus Regional Healthcare System Inc.

Communications Workers of America

Corporation Service Co.

Courthouse News Service Inc.

Epic Games Inc.

Exxon Mobil Corp.

Fortra LLC

Frontier Communications Parent Inc.

Getty Images Holdings Inc.

Google LLC

HSBC Holdings PLC

Hachette Book Group Inc.

Kyocera Corporation

Lawyers for Civil Justice

LexisNexis Legal & Professional

LinkedIn Corp.

Live Nation Entertainment Inc.

London Court of International Arbitration

McAfee Inc.

McDonald's Corp.

Microsoft Corp.

Mosaic

NBCUniversal Media LLC

Netflix Inc.

OpenAI OpCo LLC

RELX PLC

Skydance Media LLC

Space Exploration Technologies Corp.

Stanford University

Tesla Inc.

The Florida Bar

The Newspaper Guild

Thomson Reuters Corp.

Tinder Inc.

TransUnion LLC

Twitter Inc.

Verizon Communications Inc.

Warner Bros. Discovery Inc.

Warner Bros. Entertainment Inc.

eBay Inc.

LAW FIRMS IN TODAY'S NEWS

Altshuler Berzon

Anderson Kill

Ashby & Geddes

Baker & Hostetler

Baker McKenzie

Bleichmar Fonti

Braverman Greenspun

Clarkson Law Firm PC

Clifford Chance

Covington & Burling

Cravath Swaine

Crowell & Moring

Davis Polk

Doughty Street Chambers

Duane Morris

Edelson PC

Emery Celli

Faegre Drinker

Fillmore Law Firm

Garden Court Chambers

Hausfeld LLP

Holwell Shuster

Joseph Saveri Law Firm

Jubelirer Pass

Kirkland & Ellis

Knox Ricksen

Kralowec Law

Kroger Gardis

Kwun Bhansali

Latham & Watkins

Littler Mendelson

Lockridge Grindal

Loevy & Loevy

Manatt Phelps

Matrix Chambers

Morgan Lewis

Munger Tolles

One Essex Court

Oppenheim & Zebrak

Potter Anderson

Quinn Emanuel

Rava Law Firm

Schwartz White

Sher Tremonte

Simpson Thacher & Bartlett LLP

Skadden Arps

Sorrels Law

Thompson Coe

Troutman

Wachtell Lipton

Weil Gotshal

Wiggin & Dana

Wilson Robertson & VanDeventer

Wilson Sonsini

GOVERNMENT AGENCIES IN TODAY'S NEWS

California Attorney General's Office

California Public Utilities Commission

California Supreme Court

Delaware Court of Chancery

European Commission

Federal Bureau of Investigation

Federal Communications Commission

Federal Judicial Center

Federal Reserve System

Financial Conduct Authority

Florida Supreme Court

Internal Revenue Service

International Chamber of Commerce

Judicial Conference of the United States

Los Angeles Superior Court

National Institute of Standards and Technology

National Labor Relations Board

U.S. Attorney's Office

U.S. Attorney's Office for the District of Maryland

U.S. Attorney's Office for the District of New Mexico

U.S. Attorney's Office for the Eastern District of New York

U.S. Attorney's Office for the Southern District of New York

U.S. Court of Appeals for the Fifth Circuit

U.S. Court of Appeals for the Ninth Circuit

U.S. Court of Appeals for the Second Circuit

U.S. Court of Appeals for the Third Circuit

U.S. Department of Education

U.S. Department of Homeland Security

U.S. Department of Justice

U.S. Department of State

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

U.S. District Court for the District of Alaska

U.S. District Court for the District of Columbia

U.S. District Court for the District of Maryland

U.S. District Court for the District of Massachusetts

U.S. District Court for the District of Minnesota

U.S. District Court for the District of New Jersey

U.S. District Court for the District of New Mexico

U.S. District Court for the District of South Carolina

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

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

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

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

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

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

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 Arkansas

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

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

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

U.S. Immigration and Customs Enforcement

U.S. Patent and Trademark Office

U.S. Securities and Exchange Commission

U.S. Senate

U.S. Supreme Court

UK High Court

United States District Court for the District of Nevada

United States District Court for the District of Wyoming

United States District Court for the Southern District of Indiana