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TOP NEWS
Analysis
Meta's $17B Child Safety Deal Puts Heat On Congress To Act
By Allison Grande
Meta's landmark $17.1 billion settlement of states' claims that it purposely addicted kids to social media mandates many of the safeguards increasingly being required by a growing patchwork of largely contested state child safety laws, boosting not only the profile of these measures but also the push for Congress to enact a more comprehensive fix.
Settlement attached |
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BANKING & SECURITIES
OCC Sends Final Stablecoin Rules For White House Sign-Off
By Sarah Jarvis
The Office of the Comptroller of the Currency has sent its final rule establishing standards for stablecoin issuers under its supervision to the White House in the latest step toward implementing last year's landmark stablecoin law known as the Genius Act, following comments from Comptroller Jonathan Gould that the agency plans to issue the oversight rule by November.
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ENERGY & ENVIRONMENTAL
HEALTH & LIFE SCIENCES
IP & TECHNOLOGY
MEDIA & ENTERTAINMENT
NJ Says TikTok Is Withholding Key Child Usage Data
By Carla Baranauckas
New Jersey urged a state judge to force TikTok to hand over detailed user engagement data the state said was essential in proving that the platform's design harmed children, accusing the company of months of evasive answers, shifting explanations and contradictory statements about whether the information even exists.
Motion attached |
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SPORTS & BETTING
EMPLOYMENT & BENEFITS
25K Workers 'Out Of Luck': Feds Defend Layoffs At 9th Circ.
By Dorothy Atkins
The federal government Friday urged the Ninth Circuit to reverse a finding that the U.S. Office of Personnel Management wrongfully fired 25,000 probationary workers shortly after President Donald Trump took office, arguing that the OPM was operating well within its statutory authority, the district court lacked jurisdiction, and the workers are "simply out of luck."
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Roundup
4 Arguments For Benefits Attys To Watch In September
By Kellie Mejdrich
The Fifth Circuit will weigh Louisiana's bid to block telehealth access to the abortion drug mifepristone, while the Fourth Circuit will hear Lockheed Martin's challenge to a trial court decision that kept a pension de-risking suit alive. Here's a look at these and other argument sessions that should be on benefits attorneys' radar next month.
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COMPETITION
CYBERSECURITY & PRIVACY
GOVERNMENT CONTRACTS
AEROSPACE & DEFENSE
INTERNATIONAL TRADE
TAX
IRS Corrects Proposed Regs On Foreign Tax Rules
By Kevin Pinner
The Internal Revenue Service issued a notice Friday to correct several aspects of proposed regulations issued this month that relate to allocating foreign taxes following the repeal of a deferral election and the disallowance of foreign tax credits on certain distributions of previously taxed earnings.
2 documents attached |
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IMMIGRATION
WHITE COLLAR
Boston Eyes Liquor License Sold By Celebrity Chef
By Julie Manganis
The city of Boston asked a judge on Friday to block the anticipated transfer of a liquor license once held by celebrity chef Barbara Lynch, contending that Lynch's original sale of the license to its current holder was a fraudulent effort at evading what ultimately became a nearly $1 million judgment over unpaid property taxes.
Complaint attached |
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NATIVE AMERICAN
TELECOMMUNICATIONS
EXPERT ANALYSIS
LEGAL INDUSTRY
Roundup
UK Litigation Roundup: Here's What You Missed In London
By Megan Norcott
The past week in London has seen shoe brand Crocs bring an appeal against the chief executive of the U.K.'s Intellectual Property Office, singer Alanis Morissette sued by the former head of operations at Live Nation Israel and the son of convicted fraudster Guo Wengui file an appeal against the Chapter 11 trustee controlling his father's bankruptcy estate.
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Roundup
GC Cheat Sheet: The Hottest Corporate News Of The Week
By Michele Gorman
KKR will pay a $250 million civil penalty to end allegations that it hid key documentation and entire transactions for merger notification. In the meantime, Apple told an Illinois federal judge that a recent Seventh Circuit decision affirming Samsung's win in a biometric privacy suit means the tech giant should prevail over similar claims. These are among the stories in corporate legal news you may have missed in the past week.
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Law360's Legal Lions Of The Week
By Kevin Penton
WilmerHale leads this week's edition of Law360 Legal Lions, after a California federal judge held that the U.S. Department of Defense's designation of Anthropic PBC as a supply chain risk to national security was retaliation for the company's public criticism of the Trump administration.
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