OpenAI Beats Musk Suit Over For-Profit Restructuring
By Dorothy Atkins
In an advisory decision Monday, a California federal jury cleared OpenAI and executives Sam Altman and Greg Brockman of allegations they breached the nonprofit's charitable trust by converting to a for-profit, handing billionaire Elon Musk a defeat in a closely watched three-week trial that threatened to shake up the artificial intelligence industry.
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Health Co. Wants Kirkland Off IP Case For 'Cardinal Sin'
By Elliot Weld
A healthcare company suing medical technology company Commure Inc. over alleged trade secret theft has said Kirkland & Ellis LLP should be disqualified from representing Commure because the healthcare company had tried to retain Kirkland prior to filing the suit and shared confidential information before anyone asked who the defendant was going to be.
Motion attached |
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POLICY & REGULATION
FCC Told It's Obligated To Answer Petition On Fox Philly
By Nadia Dreid
The D.C. Circuit recently said that the Federal Communications Commission has a "non-discretionary obligation" to respond to applications for review, and an advocacy group that's spent almost three years pushing to strip a Fox affiliate station of its license on allegations it aired election conspiracy theories says that obligation applies to it as well.
Letter attached |
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LITIGATION
Justices Won't Decide If Contractor Fees Are Payroll Costs
By George Woolston
The U.S. Supreme Court said Monday that it won't review an information technology company's bid for full forgiveness of a $7.2 million Paycheck Protection Program loan, letting stand the Third Circuit's decision that the Small Business Administration rightfully denied the request because the company's payments to independent contractors did not count as "payroll costs."
2 documents attached |
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Amazon's Subscribe & Save Duped Consumers, Suit Says
By Rachel Riley
Two Pennsylvania consumers targeted Amazon's Subscribe & Save feature in a proposed class action filed in Seattle federal court Monday, claiming the e-commerce giant tricks shoppers into registering by pricing eligible items lower than other sellers, then jacks up those prices once customers are committed to automatic future purchases.
Complaint attached |
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DEALS
BANKRUPTCY
Nikola Founder Accused Of Dodging $2.5M Settlement Share
By Lauren Berg
Nikola Corp. founder Trevor Milton "has not paid a dime" of his $2.5 million share of an eight-figure settlement resolving shareholder litigation over a fraud-shadowed special purpose acquisition company merger, the bankrupt electric vehicle company's trustee claims, asking the Delaware Chancery Court to hold the billionaire in contempt.
Motion attached |
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ENFORCEMENT
PEOPLE
EXPERT ANALYSIS
LEGAL INDUSTRY
Ex-Willkie Atty Banned By SEC For Insider Trading
By Emily Sawicki
A former Willkie Farr & Gallagher LLP mergers and acquisitions attorney who earlier this month admitted to taking part in a widespread BigLaw insider trading scheme will be barred from representing a client before the U.S. Securities and Exchange Commission for a minimum of four years, according to an order the agency issued Monday.
Order attached |
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