A securities class action case against chipmaker Wolfspeed Inc. was transferred to North Carolina federal court Wednesday following a New York judge's order directing the movement of the consolidated investor suits over alleged misrepresentations about the company's financial projections.
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FRIDAY, JANUARY 9, 2026 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

Wolfspeed Securities Class Action Sent To NC Federal Court

By Vince Sullivan

A securities class action case against chipmaker Wolfspeed Inc. was transferred to North Carolina federal court Wednesday following a New York judge's order directing the movement of the consolidated investor suits over alleged misrepresentations about the company's financial projections.

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Former IRS Official Criticizes CEO's Tax Prosecution

By Anna Scott Farrell

A former IRS deputy commissioner criticized the U.S. Department of Justice for indicting a former software executive who was ultimately convicted of failing to pay employment taxes, calling the choice "entirely unwarranted" in a letter filed in North Carolina federal court.

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NC Wins Appeal To Use Smithfield Funds For Enviro Grants

By Hayley Fowler

The North Carolina Attorney General's Office can continue putting money from a decades-old hog waste agreement toward environmental grants, a state appeals court panel ruled, overturning a lower court order earmarking the money exclusively for public schools.

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PLLCs Ineligible To Serve As Trustees In NC, Court Finds

By Abigail Harrison

A North Carolina appeals court ruled Wednesday that a law firm organized as a professional limited liability company cannot serve as trustee of a trust or executor of a will without being explicitly authorized to do so under state law.

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LITIGATION

Organ Procurer Says CMS Rule Will Toss Industry Into Chaos

By Mark Payne

A North Carolina-based organ procurement organization wants a federal court to toss aside a Centers for Medicare & Medicaid Services rule taking effect this year that will alter how organ procurers are certified, arguing the rule pits them against one another in a "Hunger-Games-style" competition.

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States Fight To Block EPA From Wiping Out $7B Solar Funding

By Dorothy Atkins

A coalition of states urged a Washington federal district judge Thursday to preliminarily block the U.S. Environmental Protection Agency from cutting solar power grant programs, arguing that without an injunction the Trump administration could transfer $7 billion back to the Treasury and "we will be entirely out of luck."

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States Can't Block HPE Integration Amid Deal Review

By Matthew Perlman

A California federal court refused Thursday to bar Hewlett Packard Enterprise from further integrating with Juniper Networks while state enforcers raise objections to a U.S. Department of Justice settlement allowing the merger to move ahead.

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FOURTH CIRCUIT

4th Circ. Says Fraud On Optional Visa Docs Is Still Criminal

By Jared Foretek

A split Fourth Circuit panel on Thursday affirmed the visa fraud convictions of a Maryland man who prosecutors said submitted fraudulent applications for clients of his immigration "legal center," with the majority ruling that knowingly making false statements on documents that aren't necessarily required can still be criminal.

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EXPERT ANALYSIS

ERISA Litigation Trends To Watch With 2025 In The Rearview

There were significant developments in Employee Retirement Income Security Act litigation in 2025, including plaintiffs pushing the bounds of sponsor and fiduciary liability and defendants scoring district court wins, and although the types of claims might change, ERISA litigation will likely be just as active in 2026, say attorneys at Groom Law.

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Series

Muay Thai Makes Me A Better Lawyer

Muay Thai kickboxing has taught me that in order to win, one must stick to one's game plan and adapt under pressure, just as when facing challenges by opposing counsel or judges, says Mark Schork at Feldman Shepherd.

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LEGAL INDUSTRY

New Assistant AG For Fraud Will Report To White House

By Courtney Bublé

Vice President JD Vance announced on Thursday the creation of a new assistant attorney general role for fraud, which will be overseen by him and the president.

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US Atty In NY Northern District Serving Unlawfully, Judge Says

By Stewart Bishop

A Manhattan federal judge on Thursday held that the acting U.S. attorney for the Northern District of New York is unlawfully serving in his position, the latest in a string of rulings disqualifying prosecutors appointed by President Donald Trump.

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Calif. Judge Will Resign, Cop To Workers' Comp Fraud

By Lauren Berg

A California state judge has agreed to resign and plead guilty to a felony fraud charge after prosecutors alleged he knowingly hired a physician previously convicted of healthcare fraud to prepare medical reports to submit to the state's workers' compensation program, the U.S. Department of Justice announced Wednesday.

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Alito Recuses From Chevron, Exxon Coastal Pollution Case

By Keith Goldberg

U.S. Supreme Court Justice Samuel Alito on Thursday recused himself from considering Chevron and ExxonMobil's effort to place Louisiana pollution lawsuits stemming from the companies' World War II-era production in federal court, just days before the justices hear oral arguments in the case.

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Brief

House OKs $540M For Imperiled Legal Services Corp.

By Emily Sawicki

The "minibus" appropriations bill that the U.S. House of Representatives passed on Thursday includes a lifeline $540 million allocated toward the nonprofit Legal Services Corp. — representing a reduction of $10 million, or 3.6%, compared to fiscal year 2025's budget — whose funding the White House previously suggested should be slashed.

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La. Judge Is Senate's 1st Judicial Confirmation Of 2026

By Courtney Bublé

The Senate voted 53-40 on Thursday to confirm former acting U.S. Attorney Alexander C. Van Hook to be a district judge in the Western District of Louisiana.

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LAW FIRMS IN TODAY'S NEWS

Scott Harris Bryan Barra & Jorgensen

Adams & Reese

Bronstein Gewirtz

Capezza Hill

Clement & Murphy

Cranfill Sumner

Davis Hartman

Faegre Drinker

Feldman Shepherd

Frederick M. Lehrer Attorney at Law

Freshfields

Gibson Dunn

Groom Law Group

Hogan Lovells

Kean Miller

Kellogg Hansen

Liskow & Lewis

Munger Tolles

Nelson Mullins

Paul Weiss

Pomerantz LLP

Robbins Geller

SKT Law PC

Schwartz White

Sidley Austin

Skadden Arps

Stam Law Firm

Susman Godfrey

Talbot Carmouche

WilmerHale

COMPANIES IN TODAY'S NEWS

AFLAC Inc.

BP PLC

Chevron Corp.

Cisco Systems Inc.

ConocoPhillips

Cornell University

Exxon Mobil Corp.

Financial Engines, Inc.

GreatBanc Trust Co.

HP Inc.

Hewlett Packard Enterprise Co.

Intel Corp.

JPMorgan Chase & Co.

Johnson & Johnson

Juniper Networks Inc.

Laboratory Corp. of America Holdings

Lockheed Martin Corp.

National Rifle Association of America

North Carolina State Bar

Parker-Hannifin Corp.

Pentegra Services Inc.

Smithfield Foods Inc.

The Home Depot Inc.

United Airlines Holdings Inc.

Universal Services of America LP

Wells Fargo & Co.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Arizona Attorney General's Office

Centers for Medicare & Medicaid Services

Employee Benefits Security Administration

Federal Bureau of Investigation

Federal Energy Regulatory Commission

Internal Revenue Service

Legal Services Corp.

New York Attorney General's Office

North Carolina Attorney General's Office

North Carolina Department of Justice

North Carolina General Assembly

North Carolina Office of the Commissioner of Banks

U.S. Attorney's Office

U.S. Attorney's Office for the Central District of California

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

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

U.S. Attorney's Office for the Western District of North Carolina

U.S. Court of Appeals for the Fourth 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 Seventh Circuit

U.S. Court of Appeals for the Sixth Circuit

U.S. Department of Energy

U.S. Department of Health and Human Services

U.S. Department of Justice

U.S. Department of Labor

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

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 Eastern District of North Carolina

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 Illinois

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

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 Louisiana

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

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

U.S. Environmental Protection Agency

U.S. House of Representatives

U.S. Senate

U.S. Supreme Court

United States District Court for the Western District of Wisconsin

Washington Attorney General's Office