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TOP NEWS
POLICY & REGULATION
Sens. Call On FINRA To Update Rules To Curb Transfer Fraud
By Sarah Jarvis
U.S. Sens. Ron Wyden, D-Ore., and Elizabeth Warren, D-Mass., urged the Financial Industry Regulatory Authority to boost consumer protections to prevent brokerage fraud through the Automated Customer Account Transfer Service, pointing to "structural weaknesses" in the system they say bad actors are exploiting to drain customers' brokerage accounts.
Letter attached |
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LITIGATION
Snap Must Face YouTube Creators' DMCA AI Scraping Suit
By Elliot Weld
A California federal judge has denied a bid from the company that owns video-messaging app Snapchat to escape allegations from a group of YouTube creators that their content was illegally ingested to train artificial intelligence, saying the YouTubers had sufficiently laid out how users encounter measures meant to protect videos.
Order attached |
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Zumba Video Buyers Nab Class Cert. In Data Sharing Row
By Allison Grande
A Florida federal judge has granted certification to a main class and three subclasses in litigation accusing Zumba Fitness LLC of violating the federal Video Privacy Protection Act by divulging information about those who purchased on-demand training videos to Meta Platforms Inc. and others, finding that such disputes are "tailor made" for certification.
Opinion attached |
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DEALS
Deals Rumor Mill
KKR Lobs $9B Takeover Offer At UGI, Plus More Rumors
By Jade Martinez-Pogue
Private equity behemoth KKR offered to acquire natural gas distributor UGI Corp. for $9 billion, fast-fashion company Shein is eyeing a $25 billion valuation ahead of its anticipated Hong Kong initial public offering, and e-commerce giant Alibaba sold its game developer business to Trustar Capital in a $2 billion deal. Here, Law360 breaks down the notable deal rumors from the past week.
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BANKRUPTCY
ENFORCEMENT
SEC Won't Lift Trading Suspension On Chinese Biotech Firm
By Sarah Jarvis
The U.S. Securities and Exchange Commission has upheld Nasdaq's decision to delist the stock of Shineco Inc. after the Chinese biotech firm repeatedly violated the exchange's listing requirements, rejecting the company's arguments that a Nasdaq hearing panel reached its decision too quickly and did not properly consider plans for new operations at Shineco.
Opinion attached |
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GOVERNMENT CONTRACTS
EXPERT ANALYSIS
Series
Being In A Band Made Me A Better Lawyer
Playing shows in storied New York City venues and rehearsing with my bandmates in poorly ventilated rooms helped develop the professional qualities I rely on as a litigator, including an ability to collaborate with strong-minded equals and the determination to treat each client with singular focus, says Eliad Shapiro at Herrick Feinstein.
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LEGAL INDUSTRY
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