NASCAR has agreed to give its race teams permanent contracts as part of an otherwise confidential settlement that cut short a high-profile antitrust trial in which two teams — including one owned by retired NBA star Michael Jordan — accused it of illegally maintaining a monopoly on premier stock car racing.
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TOP NEWS

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NASCAR Inks Midtrial Antitrust Deal With Teams

By Hayley Fowler

NASCAR has agreed to give its race teams permanent contracts as part of an otherwise confidential settlement that cut short a high-profile antitrust trial in which two teams — including one owned by retired NBA star Michael Jordan — accused it of illegally maintaining a monopoly on premier stock car racing.

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NC County Sues DuPont, 3M, Tyco Over PFAS Contamination

By Mike Curley

A county in southeastern North Carolina is suing 3M Co., DuPont de Nemours Inc., the Chemours Co., Tyco Fire Products LP and other companies, alleging that they knowingly sold products containing PFAS, or "forever chemicals," that have contaminated county land.

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9th Circ. Upholds Apple App Store Injunction In Epic Fight

By Dorothy Atkins

The Ninth Circuit mostly affirmed an injunction blocking Apple Inc. from charging developers "prohibitive" commissions on iPhone app purchases made outside its systems on Thursday, handing Epic Games Inc. a partial win in their hotly contested compliance fight while agreeing with Apple that the injunction's commissions ban and certain restrictions are punitive and overbroad.

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FEMA's Freeze On Disaster Mitigation Funds Ruled Unlawful

By Lauren Berg

The Trump administration unlawfully terminated Federal Emergency Management Agency funds intended to pay for disaster mitigating projects, a Massachusetts federal judge ruled Thursday, describing the case as an "unlawful executive encroachment on the prerogative of Congress to appropriate funds" for specific purposes.

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FOURTH CIRCUIT

4th Circ. Suppresses Gun Found In Illegal Traffic Stop Search

By Elizabeth Daley

A West Virginia man sentenced to more than two years in federal prison for illegal possession of a firearm should not have been searched during a 2023 traffic stop, a unanimous Fourth Circuit panel ruled Thursday, finding that a gun found on him should have been suppressed.

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DEALS

Sidley Guides Diagnostic Imaging Firm Lumexa's $463M IPO

By Abigail Harrison

Private equity-backed diagnostic imaging provider Lumexa Imaging Holdings Inc., led by Sidley Austin LLP, began trading Thursday on the Nasdaq Global Select Market after pricing a $463 million initial public offering.

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EXPERT ANALYSIS

How Choice Of Law Won The Day In NC Biz Court COVID Case

The North Carolina Business Court recently ruled for policyholders in Tanger Properties v. ACE American Insurance, a business interruption lawsuit arising from the pandemic-related closure of Tanger outlet centers, underscoring the significant role that choice of law plays in insurance coverage disputes, say attorneys at Hunton.

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NBA, MLB Betting Indictments: Slam Dunks Or Strikeouts?

Recent fraud charges against bettors, NBA players and MLB pitchers raise questions about what the government will need to prove to prosecute individuals involved in placing bets based on nonpublic information, and it could be a tough sell to juries, say attorneys at Ford O'Brien.

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Series

Knitting Makes Me A Better Lawyer

Stretching my skills as a knitter makes me a better antitrust attorney by challenging me to recalibrate after wrong turns, not rush outcomes, and trust that I can teach myself the skills to tackle new and difficult projects — even when I don’t have a pattern to work from, says Kara Kuritz at V&E.

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LEGAL INDUSTRY

Bonus Spotlight

Pallas Offers Up To $232K In Bonuses To Top US, UK Lawyers

By Tracey Read

Litigation boutique Pallas Partners announced Thursday that it is offering high-performing senior U.S. and U.K. associates and counsel as much as $232,000 in bonuses this year.

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'Totally Unacceptable': Alsup Rips Feds In Student Loan Deal

By Bonnie Eslinger

U.S. District Judge William Alsup on Thursday denied the U.S. Department of Education's request for an 18-month extension to process over 200,000 loan cancellation applications for students claiming they were defrauded by colleges they attended, calling it "totally unacceptable" and setting an April deadline to get the job done.

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White House Pushes Halligan's Confirmation Despite Hurdles

By Courtney Bublé

The White House is forging ahead with its bid to win confirmation of the president's controversial pick for U.S. attorney for the Eastern District of Virginia after a federal judge ruled she was serving illegally on an interim basis.

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Grassley Urges White House To Step It Up On Noms

By Courtney Bublé

Sen. Chuck Grassley, chair of the Senate Judiciary Committee, had a message for the White House Thursday: "Get on the ball" with nominations for U.S. attorneys and the judiciary.

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NJ Sens. Urge Cooperation On Next NJ US Attorney Nom

By Courtney Bublé

The New Jersey senators are looking to collaborate with the White House to find a new nominee for U.S. attorney for the District of New Jersey after the president's initial pick failed.

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DC Firm Faces Proposed Class Action Over Data Breach

By Andrea Keckley

A Washington, D.C., law firm failed to notify clients of a data breach that compromised their personal information for six months, a proposed class action alleged in federal court on Wednesday.

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Trump Orders Review Of Proxy Advisers' 'Substantial Power'

By Rae Ann Varona

President Donald Trump on Thursday issued an executive order that aims to scrutinize the influence that proxy adviser firms like Institutional Shareholder Services Inc. and Glass Lewis & Co. LLC have, including in relation to diversity, equity and inclusion agendas.

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Feds Reportedly Fail To Reindict NY AG Letitia James, Again

By Lauren Berg

New York Attorney General Letitia James' attorney Thursday celebrated reports that another Virginia federal grand jury declined to reindict her on charges of mortgage fraud, the second jury in a week to reject a case President Donald Trump had pushed prosecutors to pursue against a political opponent he's called "guilty as hell."

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Grants Can Be Axed For Political Reasons, DOJ Atty Says

By Jared Foretek

A Trump administration lawyer said Thursday that the president had blanket authority to cancel every discretionary grant slated for states that broke against him in the general election, and it wouldn't amount to a violation of the Fifth Amendment's equal protection guarantee.

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10th Circ. Reveals Judge Contacted Ex-Atty In 'Tiger King' Case

By Ivan Moreno

A Tenth Circuit panel considering a copyright infringement claim against Netflix over a video clip in its popular "Tiger King" docuseries has requested the parties' input on whether a judge on the panel should recuse himself after inadvertently contacting a former attorney of the plaintiff last month on an unrelated legal matter.

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Tracking Challenges To USPTO's Discretion Policy

By Dani Kass

Leaders at the U.S. Patent and Trademark Office have significantly altered the Patent Trial and Appeal Board playing field since March, making changes to institution reviews that have led to unprecedented levels of petition denials. A steady stream of companies has challenged those changes through mandamus petitions to the Federal Circuit, and here Law360 tracks where those petitions stand.

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SEC Must Provide Names To Compliance Chief In Fraud Suit

By Katryna Perera

An Illinois federal judge on Thursday ordered the U.S. Securities and Exchange Commission to comply with a chief compliance officer's request for the names of agency staffers familiar with his whistleblower claims as he defends allegations that he played a role in a purportedly fraudulent stock offering by a "sham" energy company.

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LAW FIRMS IN TODAY'S NEWS

Alston & Bird

Baron & Budd

Cossich Sumich

Cravath Swaine

Finkelstein Blankinship

Freshfields

Hunton Andrews

Jones Day

Kelley Drye

Kopecky Schumacher

Latham & Watkins

Lowell & Associates

Mehri & Skalet

Milbank LLP

Mitchell Silberberg

Nelson Mullins

Orrick Herrington

Pallas Partners

Pillsbury Winthrop

Ropes & Gray

Ross Aronstam

Shumaker Loop

Sidley Austin

Sullivan & Cromwell

Vinson & Elkins

Ward & Smith

Winston & Strawn

COMPANIES IN TODAY'S NEWS

3M Co.

Above the Law

Apple Inc.

Arete Wealth Advisors

Burke Inc.

Cable News Network Inc.

Cincinnati Financial Corp.

Corteva Inc.

DuPont de Nemours Inc.

Environmental Defense Fund Inc.

Epic Games Inc.

FanDuel Inc.

Ferrari SpA

Financial Industry Regulatory Authority Inc.

Glass Lewis & Co. LLC

Institutional Shareholder Services Inc.

JPMorgan Chase & Co.

Johnson Controls International PLC

Liberty Mutual Insurance Group

Major League Baseball Inc.

NASCAR Digital Media LLC

Nasdaq Inc.

National Collegiate Athletic Association

Netflix Inc.

Project on Predatory Student Lending

The Chemours Co.

The New York Times Co.

Welsh Carson Anderson & Stowe

GOVERNMENT AGENCIES IN TODAY'S NEWS

Alaska Department of Law

Executive Office of the President

Federal Bureau of Investigation

Federal Emergency Management Agency

Federal Trade Commission

Internal Revenue Service

New York Attorney General's Office

Patent Trial and Appeal Board

Texas Attorney General's Office

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

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

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 Tenth Circuit

U.S. Department of Education

U.S. Department of Energy

U.S. Department of Justice

U.S. Department of Labor

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 Massachusetts

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

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

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 Western District of Arkansas

U.S. House of Representatives

U.S. Patent and Trademark Office

U.S. Securities and Exchange Commission

U.S. Senate

U.S. Supreme Court

US Office of Management and Budget

Washington Attorney General's Office