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POLICY & REGULATION
LITIGATION
Data Tech Co. Sues To Confirm Exit From $2.35B Deal
By Jarek Rutz
The Delaware Chancery Court has been asked to resolve a looming contract dispute after a data analytics and technology company sued to confirm that it lawfully terminated a $2.35 billion acquisition of roofing software company ExactLogix Inc., blaming an unexpected and prolonged Federal Trade Commission investigation for derailing the deal.
Complaint attached |
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Nvidia Sued In Del. For US 'Tax' On Chip Deal With China
By Jeff Montgomery
Alleging possible company conflicts of interest and unlawful agreements involving the White House and Commerce Department, two NVIDIA Corp. stockholders sued the company late Wednesday for records involving company agreements to pay the U.S. Department of Commerce percentages of high-end graphics processing chip sales to buyers in China.
Complaint attached |
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DEALS
ENFORCEMENT
PEOPLE
EXPERT ANALYSIS
2 OFAC Sanctions Actions Highlight PE Compliance Risk
Recent Office of Foreign Assets Control enforcement actions against two private equity firms for facilitating sanctioned persons' access to the U.S. financial system underscore the need for nonbank financial institutions' compliance programs to consider the sanctions risk of their investors, including indirect dealings with blocked persons, say attorneys at Paul Weiss.
1 document attached |
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LEGAL INDUSTRY
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.
Opinion attached |
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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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