U.S. District Judge Jed Rakoff in the Southern District of New York on Wednesday threw out an investor suit accusing JPMorgan, Barclays and Fifth Third of facilitating a sprawling alleged fraud by Tricolor Holdings, the bankrupt subprime auto lender.
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THURSDAY, JUNE 11, 2026 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

Rakoff Frees Big Banks From Investors' Tricolor Fraud Suit

By Jon Hill

U.S. District Judge Jed Rakoff in the Southern District of New York on Wednesday threw out an investor suit accusing JPMorgan, Barclays and Fifth Third of facilitating a sprawling alleged fraud by Tricolor Holdings, the bankrupt subprime auto lender.

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British Airways Owes £5.8M Tax Over Hotel Stays, HMRC Says

By Josh White

Britain's tax authority urged a London tribunal Wednesday to rule that British Airways is liable for around £5.8 million ($7.8 million) in tax over hotel rooms provided to cabin crew on back-to-back flights.

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Spirit Gets Initial OK To Pay Exec Bonuses Amid Wind-Down

By Alex Wittenberg

A New York bankruptcy judge on Wednesday said he was likely to approve Spirit Airlines' request to pay three executives up to roughly $1.9 million in potential bonuses as Spirit works to sell its remaining assets and shutter the business.

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States Say Trump's DEI Rule For Contractors Is Unclear, Illegal

By Ben Adlin

Attorneys general from 19 states and Washington, D.C., on Wednesday sued numerous federal officials and agencies in an attempt to block the Trump administration's March 26 executive order prohibiting government contractors — including states — from engaging in "racially discriminatory" activity around diversity, equity and inclusion.

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AUTOMOTIVE

Jury Ups Philanthropist, Ex-Pitcher Crash Verdict To $198M

By Cara Salvatore

A California jury added $22 million in punitive damages Wednesday to a $176 million verdict against a philanthropist and a former MLB pitcher found responsible for a car crash that killed two children.

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FCA, Drivers Spar Over Pacifica Battery Fires, Recall Fix

By Melanie Dorsey

Multidistrict litigation plaintiffs alleging certain Chrysler Pacifica plug-in hybrid minivans are prone to battery fires faced pointed questions alongside FCA US LLC on Wednesday from a Michigan federal judge over whether the automaker knew about the alleged defect before selling the vehicles and whether a later recall cured the warranty claims at the center of the case.

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LOGISTICS

Transit Co. Can't Dodge $1.8M Pension Fund Bill

By Grace Elletson

A now-defunct transit company can't toss claims that it owes a Teamsters-affiliated pension fund $1.8 million in reallocation payments after the fund saw a mass withdrawal, a New York federal judge ruled, stating it's too early in the case to determine whether its insolvency blocks the bill.

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SUPPLY CHAIN

Container Cos. Sued For Alleged Price-Fixing Scheme

By Matthew Perlman

Shipping container buyers filed a proposed class action over an alleged conspiracy among the world's largest container manufacturers to limit production and raise prices during the COVID-19 pandemic, on the heels of a criminal indictment last month.

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MARITIME

Royal Caribbean Says Stay Bars Voyeur Suits' Consolidation

By David Minsky

Royal Caribbean urged a Florida federal judge to reject a recommendation to combine 11 lawsuits alleging a former crew member planted hidden cameras in passengers' staterooms, arguing that a stay in a similar proposed class action bars consolidation until the Eleventh Circuit rules on whether claims can be arbitrated. 

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Shipowner Must Answer Maritime Surveillance Co.'s $4M Case

By Joyce Hanson

A New York federal judge has ordered a shipowner to reply to a maritime surveillance technology company's emergency motion to enforce approximately $4 million in arbitral awards against the owner, noting that it has not yet filed a response to the enforcement petition.

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Brief

No Arbitration In Yacht Broker Fee Case, 11th Circ. Affirms

By Matthew Perlman

An Eleventh Circuit panel affirmed a lower court ruling Wednesday, refusing a yacht listing service's bid to force arbitration in a case over an alleged conspiracy to inflate the fees brokers collect for the sale of preowned yachts.

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INFRASTRUCTURE

DOT Scrubs Disparate Impact From Discrimination Regs

By Linda Chiem

The U.S. Department of Transportation on Wednesday eliminated disparate impact from its regulations governing discrimination, as part of the Trump administration's sweeping rejection of the theory of liability premised on seemingly neutral policies having discriminatory effects.

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Brief

Bistate Agency, NJ Comptroller Agree To Settle Subpoena Rift

By George Woolston

The Delaware River Port Authority and the New Jersey Office of the State Comptroller have reached a deal to resolve the bistate agency's suit claiming that the independent watchdog unlawfully attempted to force it to comply with two investigative subpoenas.

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EXPERT ANALYSIS

Fla. Driver Ruling Shows Renewed Focus On Privacy Standing

A Florida federal court's recent dismissal of a class action alleging that private driving records had been improperly used in violation of the Driver's Privacy Protection Act suggests that companies defending against privacy class actions in Florida may reconsider Article III challenges at the dismissal stage, say attorneys at Sidley.

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What Prop 65 Listings For Welding Fumes, Drugs Mean For Cos.

With California poised to add welding chemicals and three medications to its list of known carcinogens under Proposition 65, businesses must assess risks from nontraditional pharmaceutical dispensing, occupational and environmental exposures to welding operations, and downstream exposures from the manufacture of both types of substances, says Gregory Berlin at Alston & Bird.

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LEGAL INDUSTRY

Susman Godfrey Beats, Seward & Kissel Matches Milbank Pay

By Tracey Read

At least four more firms have joined the associate pay raise bandwagon, with Seward & Kissel LLP matching the salary scale recently set by Milbank LLP, and Susman Godfrey LLP exceeding it.

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Judicial Noms Say Biden Won, But Critics Fault Their Caveats

By Courtney Bublé

Three district court nominees on Wednesday said President Joe Biden won the 2020 election, a departure from other judicial nominees in the second Trump administration, but court watchers on the left took issue with how they couched those statements.

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Camp Mystic Fights Sanctions Over 'Burn In Hell' Atty Remark

By Lynn LaRowe

Camp Mystic and parents of a girl killed in flooding there last summer faced off Wednesday over whether the camp should be sanctioned because its attorney said a plaintiff's lawyer would "burn in hell" and for other alleged misconduct in litigation over flooding deaths at the Texas camp.

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Ga. Federal Judge Faces 2nd Set Of Impeachment Articles

By Kelcey Caulder

A Georgia congressman has filed articles of impeachment against a federal judge who was reprimanded for having sex with a police officer in her Atlanta chambers within earshot of staff, the second lawmaker this week to do so. 

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Unions Rally As 5 Shops Approach Contract Deadline

By Andrea Keckley

Legal service providers across New York City gathered in City Hall Park on Wednesday afternoon as five unions represented by the Association of Legal Advocates and Attorneys approach their deadlines for a new contract at the end of the month.

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'Anti-ICE Vigilantes': DOJ Says Law Clerks Aided Noncitzens

By Lauren Berg

Two state court clerks in Utah are facing criminal charges after federal prosecutors say they acted as "self-appointed anti-ICE vigilantes" by helping noncitizens leave the courthouse by a back door to evade arrest by U.S. Immigration and Customs Enforcement, according to the newly unsealed case.

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Morgan & Morgan Atty Again Blocked From Harvard Suit

By Carolyn Muyskens

A Massachusetts judge rebuffed a Morgan & Morgan PA attorney's second attempt to appear in a lawsuit over the theft of body parts from a Harvard Medical School morgue, saying he would not reconsider his earlier decision to bar the attorney over an incident in a separate court involving fake AI-generated case citations.

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COMPANIES IN TODAY'S NEWS

Above the Law

Association of Flight Attendants-CWA

Barclays PLC

Boats Group

British Airways PLC

Brooklyn Defender Services

Center for Family Representation Inc.

China International Marine Containers Ltd.

Coinbase Global Inc.

Daybreak Express Inc.

FCA US LLC

Fifth Third Bancorp

Haleon PLC

Harvard University

Heathrow Airport Holdings Ltd.

JPMorgan Chase & Co.

Janus Henderson Group PLC

Major League Baseball Inc.

Microsoft Corp.

Neighborhood Defender Service of Harlem

One William Street Capital Management LP

Orlando Health Inc.

Perrigo Co. PLC

PetMed Express Inc.

Royal Caribbean Cruises Ltd.

Spirit Airlines Inc.

ThayerMahan Inc.

The Bronx Defenders

TransUnion LLC

Zumba Fitness LLC

LAW FIRMS IN TODAY'S NEWS

Ahmad Zavitsanos

Alston & Bird

Altman Nussbaum

Archer & Greiner

Arnold & Itkin

Aronfeld Trial Lawyers

Bochetto & Lentz

Bradley Arant

Butters Brazilian

Castagna Scott

Cozen O'Connor

Cuneo Gilbert

Davis Polk

Desmarais LLP

Elsberg Baker

Faegre Drinker

Gerson & Schwartz

Goody Law Group

Groom Law Group

Hagens Berman

Halpern Santos

Hamilton Miller & Birthisel

Hecker Fink

Hickey Law Firm

Keches Law Group

Kellogg Hansen

Kirkland & Ellis

Klein Thomas

Law Office of James M. Peterson

Lewis Brisbois

Lipcon Margulies

Lite DePalma

Manatt Phelps

Matthew G. Miller PC

Mazow McCullough PC

McNeil Tropp

Milbank LLP

Monahan & Associates PC

Morgan & Morgan PA

Nix Patterson

Panish Shea

Peck Baxter

Pierce & Kwok

Podhurst Orseck

Proskauer Rose

Quinn Emanuel

Ray Peña McChristian

Robbins Geller

Sauder Schelkopf

Seward & Kissel

Shaked Law Firm

Shapiro Haber

Sidley Austin

Stowell Crayk

Sullivan & Cromwell

Susman Godfrey

Taft Stettinius

Tarter Krinsky

Townsend Law Firm

Walters Balido

Watts Law Firm

Wilkinson Stekloff

Wright Close Barger & Guzman

Yetter Coleman

GOVERNMENT AGENCIES IN TODAY'S NEWS

California Attorney General's Office

California Environmental Protection Agency

California Supreme Court

Delaware River Port Authority

Equal Employment Opportunity Commission

Executive Office of the President

Federal Acquisition Regulatory Council

Food and Drug Administration

Maryland Attorney General's Office

Massachusetts Board of Bar Overseers

National Highway Traffic Safety Administration

New Jersey Attorney General's Office

Texas Health and Human Services Commission

U.S. Attorney's Office for the District of Massachusetts

U.S. Attorney's Office for the District of Utah

U.S. Bankruptcy Court for the Southern District of New York

U.S. Coast Guard

U.S. Court of Appeals for the Eleventh Circuit

U.S. Court of Appeals for the Ninth Circuit

U.S. Court of Appeals for the Third Circuit

U.S. Department of Justice

U.S. Department of Transportation

U.S. District & Bankruptcy Courts of Southern District of Texas

U.S. District Court for the District of Maryland

U.S. District Court for the Eastern District of Michigan

U.S. District Court for the Eastern District of Pennsylvania

U.S. District Court for the Northern District of California

U.S. District Court for the Northern District of Georgia

U.S. District Court for the Northern District of Texas

U.S. District Court for the Southern District of Florida

U.S. District Court for the Southern District of New York

U.S. Immigration and Customs Enforcement

U.S. Senate

U.S. Supreme Court

UK First-tier Tribunal

UK Upper Tribunal

United States District Court for the District of North Dakota

United States District Court for the District of Utah

United States District Court for the District of Wyoming