Stellantis, the company behind Chrysler, Jeep and Dodge cars, has received Federal Deposit Insurance Corp. clearance to open a U.S. industrial bank, a move that will put all of Detroit's "Big Three" automakers on track to own federally insured lenders.
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TOP NEWS

FDIC Signs Off On Stellantis Industrial Bank Bid

By Jon Hill

Stellantis, the company behind Chrysler, Jeep and Dodge cars, has received Federal Deposit Insurance Corp. clearance to open a U.S. industrial bank, a move that will put all of Detroit's "Big Three" automakers on track to own federally insured lenders.

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EPA Proposes Delaying Biden-Era Vehicle Emissions Regs

By Gautama Mehta

The U.S. Environmental Protection Agency proposed a two-year extension on Thursday for the compliance deadline for Biden-era vehicle emissions standards, saying the policy was based on an overestimation of electric vehicle demand.

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FCA Can't Shut Down EEOC Sex Harassment Suit

By Grace Elletson

A Michigan federal judge declined to toss a U.S. Equal Employment Opportunity Commission sex harassment suit against automaker FCA, finding enough details supported the agency's claims that male workers inappropriately touched and sexualized female colleagues at a Detroit plant.

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LITIGATION

Detroit Man Says USPS Carrier Attack Left Him Blind, Disabled

By Melanie Dorsey

A man alleging a United States Postal Service carrier brutally assaulted him during a package delivery, causing catastrophic injuries including permanent vision loss, fractures and a concussion in an encounter captured on his Ring doorbell camera, has sued the U.S. under the Federal Tort Claims Act, seeking more than $6 million in damages.

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Mich. City, Mayor Deny Conspiracy To Harass Group Home

By Susan Smiley

The city of Flint and its mayor asked a Michigan federal court on Thursday to dismiss a suit brought against them by a local adult foster care home that claims they conspired with a prominent neighbor of the group home to harass and intimidate its residents.

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Mich. Court Freezes $2.5M In Grants Meant For Baseball Parks

By Susan Smiley

A Michigan court has granted a preliminary injunction ordering the state Department of Labor and Economic Development to halt disbursements of $2.5 million in community enhancement grants to two minor-league baseball stadiums pending the outcome of a Mackinac Center for Public Policy suit claiming earmark funds were illegally appropriated.

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SIXTH CIRCUIT

Gov't Asks 6th Circ. To Reverse FedEx's $89M Tax Credit Win

By Natalie Olivo

The U.S. government urged the Sixth Circuit to reverse a Tennessee federal court's decision that invalidated foreign tax credit regulations and allowed FedEx an $89 million refund, arguing that the rules reflect Congress' intent to prevent windfalls under the 2017 tax overhaul.

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EXPERT ANALYSIS

Series

Playing Basketball Makes Me A Better Lawyer

My grandfather used to say "I wear your jersey" as shorthand for wholly committing to support someone with loyalty and integrity — ideals that have shaped my life on the basketball court and in legal practice, says Tracy Schimelfenig at Schimelfenig Legal.

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LEGAL INDUSTRY

Analysis

Insider Trading Case Shows BigLaw Associate Vetting Gaps

By Chris Villani

A BigLaw attorney who was able to move through three major firms while allegedly orchestrating a massive insider trading scheme may have been aided by relatively loose hiring practices for associates that firms may consider strengthening moving forward, recruiting experts told Law360.

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DOJ Asserts Broad Power In BigLaw Executive Order Appeal

By Jared Foretek

A Trump administration attorney told the D.C. Circuit on Thursday that the courts have no authority to review the president's decision to revoke someone's security clearance for any reason, including race, religion, or even refusal to pay a $1 million bribe.

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Trump's 8th Circ. Pick Clears Senate Panel Vote

By Courtney Bublé

President Donald Trump's nominee for the Eighth Circuit, who represented the president in the cases brought by writer E. Jean Carroll, advanced to the full Senate on Thursday.

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Thomas Urges Defense Of Constitution At Judicial Conference

By Carolina Bolado

U.S. Supreme Court Justice Clarence Thomas urged attendees at the Eleventh Circuit Judicial Conference on Thursday to "stand up" for the U.S. Constitution and to see the positives in the country, despite its flaws, on its 250th birthday.

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Fenwick Hit With FTX Suit In DC Over $525M Losses

By Emily Lever

A group of former FTX customers has sued Fenwick & West LLP in federal court in Washington over its work representing FTX from 2018 to 2022, seeking to recover more than $525 million for losses stemming from the cryptocurrency exchange's collapse.

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NYC Bar Endorses Random Audits For Law Firm Accounts

By Emily Sawicki

The New York City Bar Association's Professional Discipline Committee on Thursday threw its support behind a statewide bill to institute a random audit program for law firm financial accounts.

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Ogletree Fights Atty's Discovery Bid For DQ Push In Bias Suit

By Lynn LaRowe

A Georgia federal court should deny a bid for discovery aimed at disqualifying Ogletree Deakins Nash Smoak & Stewart PC from defending a security company against discrimination claims because the request stems from the plaintiff's lawyer's "personal grievances," the company said Thursday.

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Lover's Ex-Wife Fights Sinema's Request For Therapy Notes

By Abigail Harrison

A bid by former U.S. Sen. Kyrsten Sinema of Arizona to unearth notes and communications from a therapist working with her lover's ex-wife should be summarily denied, as the ex-wife, Heather Ammel, told a North Carolina federal court Thursday that the request is a clear overreach.

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8th Circ. Backs Dismissal Of Horse Breeder's Malpractice Suit

By Tom Lotshaw

The Eighth Circuit said a federal judge was right to dismiss a malpractice suit a Minnesota horse breeder brought against Porter Wright Morris & Arthur LLP and one of its former attorneys for mishandling malpractice cases against three other firms.

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LAW FIRMS IN TODAY'S NEWS

Akeel & Valentine

Baker McKenzie

Bradford Andresen

Clark Hill

Clement & Murphy

Cooley LLP

Dorsey & Whitney

Fenwick & West

Foley & Mansfield

Goodwin Procter

Hogan Lovells

Jenner & Block

Kirkland & Ellis

Koskoff Koskoff

Latham & Watkins

Lehman Lee

Littler Mendelson

Lowell & Associates

Moss & Colella

Munger Tolles

Ogletree Deakins

Paul Weiss

Perkins Coie

Porter Wright

Poyner Spruill

Sidley Austin

Skadden Arps

Susman Godfrey

Taft Stettinius

Van Camp Meacham

Wachtell Lipton

Watkins Calcara

Weil Gotshal

Williams & Connolly

WilmerHale

COMPANIES IN TODAY'S NEWS

ADT Inc.

American Medical Association Inc.

Beacon Hill Staffing Group LLC

Chevron Corp.

Earthjustice

FCA US LLC

FedEx Corp.

Groupe PSA

Jimmy John's Franchise LLC

Johnson & Johnson

Mackinac Center for Public Policy

Maserati North America Inc.

Microsoft Corp.

Momenta Pharmaceuticals Inc.

Natural Resources Defense Council

New York City Bar Association

Nike Inc.

Otis Worldwide Corp.

Stellantis NV

Watanabe Schwartz

GOVERNMENT AGENCIES IN TODAY'S NEWS

Equal Employment Opportunity Commission

Executive Office of the President

Federal Bureau of Investigation

Federal Deposit Insurance Corp.

Georgia Department of Labor

Michigan Attorney General's Office

State of Michigan

U.S. Court of Appeals for the District of Columbia Circuit

U.S. Court of Appeals for the Eighth Circuit

U.S. Court of Appeals for the Second Circuit

U.S. Court of Appeals for the Sixth Circuit

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 Massachusetts

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

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

U.S. Environmental Protection Agency

U.S. Postal Service

U.S. Senate

U.S. Supreme Court

United States District Court for the Southern District of Georgia