Quant Trader Denies Using Stolen Recipe At Code Theft Trial

By Pete Brush

A California quant trader accused of stealing billion-dollar code from his former employer argued to a New York federal jury that he did not use any secret recipe at a new venture, denying trade secrets theft charges.

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Pornhub Gets Initial Nod For $120M Child Content Class Deal

By Craig Clough

A California federal judge granted preliminary approval Friday to a $120 million settlement reached by the companies behind Pornhub to end certified class claims in California and Alabama by child sex trafficking and sexual abuse material survivors who allege the video-sharing website profited from crimes committed against them.

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$45M Deal In IRhythm Heart Device Investor Suit Gets Final OK

By Gianna Ferrarin

A California federal court granted final approval to a $45 million settlement resolving proposed class action allegations that digital healthcare company iRhythm Technologies inflated stock prices with misrepresentations about its heart-event monitoring device.

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Reed Cleared In Monolithic Power Converter Patent Verdict

By Adam Lidgett

A Delaware federal jury on Friday cleared Reed Semiconductor in a suit accusing it of infringing a pair of Monolithic Power Systems Inc. patents relating to semiconductor technology, although jurors refused to find the claims invalid.

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US Charges 3 Over $129M AI Scam Using Fake UK Lawyers

By Laura Stewart Liberty

U.S. prosecutors said Thursday they have charged three men, including one facing extradition from London, for allegedly defrauding companies of $129 million through a scheme that used AI to impersonate executives and U.K. lawyers.

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Analysis

PHP Flaw Shows How AI 'Changing The Game' In Cyber Realm

By Allison Grande

Artificial intelligence's role in uncovering a critical flaw in the PHP programming language that underpins a majority of the world's websites underscores its growing power to identify and help address cybersecurity vulnerabilities — and signals that such AI-driven discoveries may only just be beginning.

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MVP: Goodwin's James Ding

By Tim Ryan

Goodwin partner James Ding co-led Roku's $22 billion sale to Fox Corp. and worked on multibillion-dollar sales of software company MeridianLink and life sciences company Blueprint Medicines, earning him a spot among the 2026 Law 360 Technology MVPs.

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Bessent, Greer Warn China Over Trade Truce Commitments

By Dylan Moroses

Top U.S. officials warned China on Friday over what they viewed as potential shortfalls in commitments made last year as part of the trade truce reached between President Donald Trump and Chinese President Xi Jinping, according to readouts published Friday by the U.S. Treasury Department and Office of the U.S. Trade Representative.

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Sen. Blumenthal Demands FCC Response To Inquiries

By Christopher Cole

Sen. Richard Blumenthal, D-Conn., has told the Federal Communications Commission it must fully respond to several inquiries he sent earlier this year probing the FCC's investigations into broadcasters that he says have chilled free speech.

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FCC To Allow Cable Biz's Router Hardware Upgrades

By Christopher Cole

The Federal Communications Commission's staff has granted a one-year waiver to a major cable industry group, so its members can make certain hardware changes to previously approved routers that now fall under a national security restriction.

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FCC Told It Can't Preempt Local Wireline Permit Decisions

By Aneeta Mathur-Ashton

Local government officials have warned the Federal Communications Commission that it lacks the legal authority and expertise to preempt local wireline deployment decisions.

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Brief

Commerce Orders India, Indonesia, Laos Solar Cell Duties

By Jack McLoone

The U.S. Department of Commerce on Friday ordered antidumping and countervailing duties on solar cell products imported into the U.S. from India, Indonesia and Laos, some of which stretch into triple digits.

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FCC Denies It's Foot-Dragging Review Of Philly TV License

By Aneeta Mathur-Ashton

The Federal Communications Commission has asked the D.C. Circuit to reject an advocacy group's request to force the agency to review a challenge to Fox TV's Philadelphia broadcast license.

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OKCoin Beats $2M Hacker Crypto Theft Suit

By Sydney Price

A California federal judge has permanently tossed a proposed class action accusing digital asset exchange OKCoin and its affiliates of enabling cryptocurrency thieves, ruling the plaintiffs' allegations that the company lacked certain safeguards do not show it is liable for the losses.

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LA Judge Won't Toss $1.7M Freight Suit Against Vape Biz

By Jonathan Capriel

A vape manufacturer cannot escape a $1.7 million lawsuit over unpaid freight, a Los Angeles judge ruled, finding the complaint adequately pled to alter ego and fraud claims.

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Agtech Co. Beats Its Founder's Receiver Bid In Del. Court

By Jarek Rutz

The Delaware Chancery Court has recommended dismissing with prejudice a founder's bid to put agricultural technology company HerdDogg Inc. into receivership, finding her insolvency allegations unsupported and that her claims largely repeated a dismissed Colorado federal lawsuit.

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Judge Doubts Ukrainians Can Tie Semiconductors To Strikes

By Spencer Brewer

A Texas federal judge seemed hesitant Friday to buy an argument that several semiconductor manufacturers had a duty to prevent their components from ending up in Russian missiles targeting Ukrainian civilians, asking what duty exists under Texas state law.

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Consumers Want State-Law Amazon Pricing Case Unpaused

By Matthew Perlman

Consumers accusing Amazon of violating various state antitrust and consumer protection laws with its seller pricing rules are asking a New York federal court to unpause their case, following a class certification ruling in a similar action.

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Netlist Brings ITC, Calif. Patent Complaints Against Kingston

By Adam Lidgett

Netlist has accused Lenovo, Kingston Technology Corp. and others of infringing various flash memory patents at the U.S. International Trade Commission, the same day it lodged a complaint against Kingston in California federal court.

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Grok Draws 3 Copyright Suits Over AI Training With Books

By Elliot Weld

The companies behind the artificial intelligence model Grok were hit with three copyright infringement lawsuits from two publishers and a group of authors alleging their books were pirated for use in AI training.

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Google Sued Over Claims Its School AI Fueled Suicide Plot

By Dorothy Atkins

A North Carolina couple have hit Google with a product liability lawsuit that was removed to California federal court Wednesday, alleging that the tech giant negligently rolled out a dangerous version of Gemini AI on school-issued Chromebooks that led their once-healthy 13-year-old daughter into a "life-threatening obsession" that "coached" her suicide plot.

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Snapchat Features Helped Predator Groom Child, Suit Says

By Emily Field

Snap Inc. was hit with a suit in Washington federal court by parents who say their daughter was groomed and exploited by an adult predator who used the social media platform's algorithmic features to target and threaten her across state lines.

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Roundup

Taxation With Representation: Wilson Sonsini, Fenwick

By Zak Kostro

In this week's Taxation With Representation, Marvell Technology buys data center optics maker Lumentum, defense technology company Shield acquires radar company Echodyne, and CVS Health plans to split into two independent, publicly traded companies.

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Fox Closes $22B Roku Deal Guided By Weil, Goodwin, Axinn

By Dorothy Atkins

Fox Corp. completed its $22 billion purchase of smart-TV maker Roku Inc. Friday in a deal guided by Weil Gotshal & Manges LLP, Goodwin Procter LLP and Axinn LLP, shortly after the U.S. Department of Justice said it closed its monthslong, in-depth antitrust investigation into the deal.

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Don't Miss It: Paul Weiss, Baker McKenzie Steer Hot Deals

By Jade Martinez-Pogue

A lot can happen in the world of mergers and acquisitions and equity fundraising over the course of a couple of weeks, and it's difficult to keep up with all the deals.

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DOD Inks $925M In Loans For US Defense Manufacturing

By Ganesh Setty

The U.S. Department of Defense's Office of Strategic Capital announced a series of "conditional" loan commitments to companies developing critical battery materials, semiconductors, radar and drone technology, totaling $925 million.

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Orrick Hires Fenwick Partner To Expand TM Practice In NY

By Ivan Moreno

Trademark attorney Mark Jansen has joined ​Orrick Herrington & Sutcliffe LLP as a partner in New York after 15 years at Fenwick & West LLP, Orrick has announced.

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How Cos. Can Reassess Ad Tech After Wash. Pixel Use Ruling

The Washington Supreme Court's decision in Baker v. Seattle Children's Hospital, holding that the hospital website's use of Meta Pixel didn't violate the state’s privacy act, may provide a powerful defense against privacy claims, but shouldn’t be read as a blanket approval of advertising technologies, say attorneys at Duane Morris.

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2 Del. Rulings Show Postclosing Earnout Arrangement Risks

Two recent Delaware Court of Chancery decisions illustrate the contractual and fiduciary duty risks associated with earnout provisions in M&A transactions, offering lessons on allocating postclosing control, drafting enforceable earnout covenants and managing executives whose pay depends on the outcome, says Chris Brown at Taft.

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What To Watch As Florida Stablecoin Framework Takes Shape

As Florida's new payment stablecoin licensing framework enters its second month, requiring issuers to map applicable state and federal obligations and account for certification and rulemaking uncertainty, businesses should build core controls while keeping launch plans and contracts flexible, says Rob Brighton at Becker.

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How Feds' Shifting Guidance Hits Bank-Fintech Partnerships

A slew of recent Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency reforms will ultimately give banks and fintechs more flexibility in third-party oversight and supervisory information sharing, but institutions still must document risk-based decisions and engage proactively with regulators, say attorneys at Husch Blackwell.

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Opinion

Judges Must Turn To Merits Earlier To Fix Civil Justice System

The U.S. justice system is long overdue for a cultural shift that encourages judges to engage with the merits of a case from the outset, which would help to cut through procedural complexities and deliver high-quality justice efficiently and at lower cost, says Steven Kayman at Rottenberg Lipman.

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Are You Happy With Your In-House Role? Take Our Survey

Is your company giving you everything you need to succeed? What are some misconceptions about working in-house? Help Law360 Pulse answer these questions and more in this year's In-House Satisfaction Survey.

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Squire Patton, Baker McKenzie Hit With Data Breach Suits

By Rae Ann Varona

Squire Patton Boggs LLP and Baker McKenzie failed to protect private personal information stored in the law firms' systems from separate cyberattacks and delayed notifying affected individuals for roughly two months, two proposed class actions filed in Ohio and Illinois federal courts have alleged.

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Law360's Legal Lions Of The Week

By Kevin Penton

Susman Godfrey LLP, Langer Grogan & Diver PC, Hausfeld LLP and MoloLamken LLP lead this week's edition of Law360 Legal Lions, after the Ninth Circuit ruled that a former federal judge erred by scrapping a $4.7 billion jury verdict against the National Football League in a class action over the price of its Sunday Ticket broadcast package.

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Judge Kewalramani Warns Against Taking Sanctions Lightly

By Dani Kass

Retired U.S. Magistrate Judge Shashi Kewalramani on Friday cautioned patent attorneys to be extremely discerning when filing sanctions motions, comparing it to crying "fire" in a crowded room.

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Brief

US Legal Sector Jobs Reached Record High In October

By Tracey Read

The legal industry's hot streak continued last month, adding 2,400 more jobs in October to reach a record high, according to seasonally adjusted data released Friday by the U.S. Bureau of Labor Statistics.

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Defeated Texas Justice Being Considered For Federal Bench

By Courtney Bublé

With the clock ticking on Republicans' control of the Senate, President Donald Trump is considering putting a Texas Supreme Court justice who just lost reelection on the federal bench.

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Attys Can Curb AI Error Fallout With Candor, Accountability

By Andrea Keckley

Nearly four years since ChatGPT launched and the legal industry began experimenting at scale with generative artificial intelligence, not a month goes by without another attorney finding a hallucination error in a court filing.

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Top Blanche Adviser Among Latest To Exit DOJ

By Jared Foretek

A top legal adviser to U.S. Attorney General Todd Blanche announced his departure from the U.S. Department of Justice Friday, becoming the latest in a slew of high-profile resignations from the department since Republicans' midterm election defeat Tuesday night.

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Ice Miller Sued Over $729K Award After Losing Federal Forum

By Andrea Keckley

A couple who hired Ice Miller LLP to defend their organization against a breach of contract suit have accused the firm in Indiana federal court of exposing them to additional litigation with a settlement that failed to preserve federal jurisdiction over future disputes.

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Law Firm Sues Sierra Leone Over $361K Legal Bill

By Jared Foretek

Law firm Cohen Seglias Pallas Greenhall & Furman PC claims in a complaint filed in D.C. federal court that Sierra Leone's government stiffed it on more than $300,000 in legal fees and costs after the firm defended it against earlier claims of unpaid fees by Jenner & Block.

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Mich. Supreme Court Chief Next To Lead Chief Justice Group

By Melanie Dorsey

The Michigan Supreme Court's chief justice has been named president-elect of the Conference of Chief Justices, a national organization representing the highest-ranking state judicial officers, and she plans to focus on expanding access to legal services, reforming attorney licensing and strengthening courthouse security.

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Roundup

GC Cheat Sheet: The Hottest Corporate News Of The Week

By Michele Gorman

The U.S. Department of Justice's new cash rewards program for tips on criminal fraud could backfire in some cases, experts say. Elsewhere, attorneys are weighing new strategies in the wake of Texas' historic blue shift during the midterm elections. These are some of the stories in corporate legal news you may have missed in the past week.

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In Case You Missed It: Hottest Firms And Stories On Law360

For those who missed out, here's a look back at the law firms, stories and expert analyses that generated the most buzz on Law360 last week.

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