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TOP NEWS
AVIATION
Lockheed Can't Slip Workers' 401(k) Self-Dealing Suit
By Kellie Mejdrich
Lockheed Martin can't escape a proposed class action alleging the company breached fiduciary duties under federal benefits law by offering underperforming proprietary target-date fund offerings in several employee 401(k) plans worth approximately $50 billion, after a New Jersey federal judge largely refused to toss the dispute.
Memorandum attached |
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AUTOMOTIVE
VW Says NLRB Forcing Bargaining After Anti-Union Vote
By Rae Ann Varona
The National Labor Relations Board is pursuing an "unconstitutional administrative proceeding" against Volkswagen's U.S. arm, the automaker told a Texas federal court Friday, saying the NLRB is attempting to force it to recognize and bargain with a union that employees at an essential supply chain facility voted against.
Complaint attached |
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Roundup
UK Litigation Roundup: Here's What You Missed In London
By Laura Stewart Liberty
The past week in London has seen Aston Martin file an appeal in a row with Chinese carmaker Geely over its winged logo for London black cabs, Ineos sue Ben Ainslie's America's Cup team for a £180 million ($244 million) boat, White & Case face a claim from two energy storage companies, and a golf tour company bring a claim against Saudi Arabia's sovereign wealth fund after the fund invested in its rival.
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RAIL
SUPPLY CHAIN
MARITIME
Norwegian Cruise Line Exec Aided $2M Fraud, Feds Say
By Gina Kim
A former Norwegian Cruise Line senior employee, charged alongside two others for allegedly defrauding the company out of over $2 million, was arrested and extradited from Argentina, and made his initial appearance in Missouri federal court Friday, according to the U.S. Attorney's Office for the Eastern District of Missouri.
Indictment attached |
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INFRASTRUCTURE
ENERGY
Groups Say EPA Used Faulty Math In GHG Finding Repeal
By Gautama Mehta
Sixteen health and environmental groups said this week that the U.S. Environmental Protection Agency must reconsider its February repeal of the scientific finding allowing the agency to regulate greenhouse gases, because the final rule relied on error-filled technical analyses that weren't included in the proposed version.
Petition attached |
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EXPERT ANALYSIS
LEGAL INDUSTRY
Roundup
GC Cheat Sheet: The Hottest Corporate News Of The Week
By Michele Gorman
New data found that some companies are being wary during the 2026 proxy season by negotiating deals behind closed doors rather than allowing shareholders to vote on issues. In the meantime, a report showed that the higher annual rate growth for outside counsel fees that began in 2022 has become the new normal. These are some of the stories in corporate legal news you may have missed in the past week.
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