SOC Investment Group is cautioning potential investors in SpaceX's upcoming initial public offering about perceived financial risks, saying it has an inflated valuation and issues over transparency and governance.
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TOP NEWS

Activist Warns SpaceX Investors Over Valuation, Governance

By Al Barbarino

SOC Investment Group is cautioning potential investors in SpaceX's upcoming initial public offering about perceived financial risks, saying it has an inflated valuation and issues over transparency and governance.

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Spirit Unions Blast Executive Bonus Proposal In Ch. 11

By Hailey Konnath

A pair of unions representing former Spirit Airlines employees Friday tore into the bankrupt airline's request to pay executives incentives to keep them on while the carrier winds down its operations, saying there is "no conscionable basis" to prioritize the highest-paid executives at the expense of the thousands of workers who lost their jobs.

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Credit Check Co. Will Pay $17.5M To Settle Data Breach Suits

By Susan Smiley

A Michigan federal judge has granted preliminary approval to a $17.5 million settlement for consumers who sued a loan credit check company following a data breach that potentially exposed the personal and financial information of some 5.8 million people.

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Trade Court Backs Off Making CBP Chief Testify On Refunds

By Dylan Moroses

The U.S. Court of International Trade judge handling the tariff refund cases for importers seeking refunds of unlawful duties amended his order that instructed the head of U.S. Customs and Border Protection to appear at a hearing.

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AUTOMOTIVE

NYC Beats Taxi Drivers' Unfair Suspensions Suit

By Linda Chiem

A New York federal judge has said the New York City Taxi and Limousine Commission had probable cause for summarily suspending the licenses for taxi and for-hire vehicle drivers who've been arrested, but not convicted, rejecting a proposed class action alleging the drivers were maliciously prosecuted.

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RAIL

Rail Co. Loses DC Circ. Appeal Challenging State Forest Law

By Dorothy Atkins

The D.C. Circuit rejected Grafton & Upton Railroad Co.'s effort to preempt a Massachusetts town's claim over forest land the railroad wants to use for a new transloading facility, finding Friday that the federal Interstate Commerce Commission Termination Act doesn't preempt a state right-of-first-refusal law.

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Texas Justices To Weigh Timeliness Of Railcar Damage Suit

By Spencer Brewer

The Texas Supreme Court has agreed to hear a challenge to a roughly $10 million verdict issued against a company that let corrosion deteriorate railcars it had rented, with the court set to weigh whether the suit was filed in time.

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TRUCKING

Progressive Unit Says Trucking Co. Not Covered In Crash Suit

By Hope Patti

A Progressive insurer said it doesn't owe coverage to a trucking company accused of wrongfully double-brokering an Amazon load that was later involved in a crash, telling a New Mexico federal court Friday that the truck involved in the incident was not an "insured auto" under the policy.

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INFRASTRUCTURE

Alaska Says No Need For July Ruling In Refuge Road Dispute

By Crystal Owens

Alaska is asking a federal court to reject an environmental group and Indigenous villages' bid for a July 15 judgment in their challenge to a federal government decision to allow a road through the Izembek National Wildlife Refuge, saying a date for its construction has not yet been solidified.

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INSURANCE

Turo, Insurer Seek $6M For Geico's Denied Renter Claims

By Danielle Ferguson

Car-sharing company Turo Inc. alleged in a new California federal complaint that Geico illegally systematically denied coverage to policyholders who were involved in accidents while renting vehicles, forcing Turo and its surplus insurer to unnecessarily shell out more than $6 million in payments.

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Roundup

UK Litigation Roundup: Here's What You Missed In London

By Megan Norcott

The past week in London has seen the U.K.'s oldest Indian restaurant launch an appeal against King Charles III's property company in an effort to stop its eviction, trustees of a bankrupt former EY tax partner file a claim against his wife, and 37 leading insurers bring a lawsuit against agrichemical company Syngenta over an insurance dispute. Here, Law360 looks at these and other new claims in the U.K.

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EXPERT ANALYSIS

What's Next After Justices' Last-Mile Driver Arbitration Ruling

The U.S. Supreme Court's recent decision in Flowers Foods v. Brock, refusing to narrow the scope of a Federal Arbitration Act exemption for workers engaged in interstate commerce, gives previously unprotected workers access to litigation, but preserves two potentially powerful arguments for future proceedings, say attorneys at Husch Blackwell.

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Series

The Biz Court Digest: Shoring Up Corporate Law In Maryland

Launched more than 20 years ago to improve complex corporate adjudication, Maryland's Business and Technology Case Management Program has been a solid success in some areas, but there always is room for improvement, says Bill Krulak at Miles & Stockbridge.

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LEGAL INDUSTRY

Legal Job Market Surges With Special Litigation, Gov't Work

By Tracey Read

The legal sector saw 1,200 more jobs in May after gaining 1,900 positions the month before, according to seasonally adjusted data released Friday by the U.S. Bureau of Labor Statistics.

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Law360's Legal Lions Of The Week

By Kevin Penton

Winston Taylor leads this week's edition of Law360 Legal Lions, after the U.S. Supreme Court ended a patent suit over Hikma Pharmaceuticals USA Inc.'s generic version of a heart drug that uses a so-called skinny label.

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​​​​​​​Judge Seeks Discipline For DOJ Trans Care Subpoena Tactics

By Mark Payne

A Rhode Island federal judge on Friday referred Justice Department attorneys seeking gender-affirming care records from Rhode Island Hospital via a HIPAA subpoena to a court disciplinary committee for potential punishment after they allegedly misled the court. 

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Katten Is Latest Firm To Match Milbank Associate Pay Raise

By Kevin Penton

Katten Muchin Rosenman LLP has joined the growing list of firms that are largely matching a new pay scale for associates set earlier this week by Milbank LLP, with attorneys set to see annual pay increases of $10,000 to $20,000.

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Morgan & Morgan Explores Private Equity Investment Options

By Emma Cueto

The nation's largest personal injury firm, Morgan & Morgan, is exploring its options with regard to a potential private equity investment, with the firm saying Friday it is in the early stages of understanding what such an investment might mean and whether it is a good opportunity or "fool's gold."

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Bonus Spotlight

Dunn Isaacson Announces Bonuses Of Up To $25K

By Daniel Moritz-Rabson

Litigation boutique Dunn Isaacson Rhee LLP is the latest firm to announce midyear associate bonuses and is distributing payouts of between $10,000 and $25,000, according to an internal memo viewed by Law360.

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Leon Black Seeks $1.6M In Fees After Wigdor Sanction

By Ryan Boysen

Scandal-plagued financier Leon Black wants Wigdor LLP to pay $1.6 million as a sanction for lying to a New York federal judge while representing a woman who claims she was raped by Black at notorious accused sex trafficker Jeffrey Epstein's home.

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Analysis

Will WDTX Remain A Patent Fixture Without Albright?

By Dani Kass

Whether the Western District of Texas will continue drawing in hordes of patent cases after U.S. District Judge Alan Albright leaves this summer has attorneys torn, given that he's no longer the top patent judge in his district, let alone the country.

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Berkeley Dean Views 1952 Opinion As Executive Power Test

By Aaron Keller

Erwin Chemerinsky, dean of the University of California, Berkeley School of Law, has urged the courts to examine a lesser-known concurring opinion in a 1952 U.S. Supreme Court decision on a steel mill case when judging the modern limits of presidential power.

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Analysis

Justices Signal Openness To Future SEC Disgorgement Cases

By Jessica Corso

The U.S. Securities and Exchange Commission's victory before the U.S. Supreme Court Thursday is likely to give the agency a leg up in settlement negotiations, but attorneys say that some defendants will continue to press judges to review the agency's disgorgement requests based on questions that the high court still hasn't answered.

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First Democrat Returns A Blue Slip For Judicial Nominee

By Courtney Bublé

Sen. John Fetterman, D-Pa., is the first Democratic senator in the second Trump administration to return a blue slip for a judicial nominee.

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DLA Piper Urges 2nd Circ. To End 'Vexatious' Malpractice Suit

By Emily Sawicki

The Second Circuit should uphold the dismissal of a Chinese software company's legal malpractice suit and $635,000 in sanctions against it and its lawyers, DLA Piper has argued, citing previous favorable rulings in the matter by a federal magistrate judge, district court judge, state justice and five-judge panel of the New York state appeals court.

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ICE Atty's Bid To Ax Contempt Order Is 'Absurd,' Amicus Says

By Emily Sawicki

A court-appointed amicus curae has told the Eighth Circuit that a Minnesota federal judge was right to hold a government attorney in contempt after finding that U.S. Immigration and Customs Enforcement flouted a court order, leading to a detained man being released hundreds of miles from his home without legal identification.

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GrayRobinson Data Breach Suits Get Consolidated

By Adrian Cruz

A Florida magistrate judge has decided to consolidate three nearly identical suits accusing GrayRobinson PA of negligence following the revelation of a March 2025 data breach, simultaneously denying the plaintiffs' bid to have interim class counsel appointed.

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Roundup

GC Cheat Sheet: The Hottest Corporate News Of The Week

By Michele Gorman

Among the stories in corporate legal news you may have missed in the past week, investor advocates have questioned the legality of the SEC's plan to withdraw corporate climate disclosure regulations, and an insurance broker's report found claims made under policies for mergers and acquisitions have risen in frequency and severity.

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Titan Of The Plaintiffs Bar: Morgan & Morgan's John Yanchunis

By Matt Perez

John Yanchunis of Morgan & Morgan PA has been at the forefront of data privacy litigation for nearly three decades, but what stands out to his colleague Ryan McGee is not the litany of wins but the attorney's humility.

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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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COMPANIES IN TODAY'S NEWS

700Credit LLC

A.P. Moller-Maersk

AXA SA

Adidas AG

Amazon.com Inc.

American Bankers Association

American International Group Inc.

Apollo Global Management LLC

Apple Inc.

Barclays PLC

Bausch Health Cos. Inc.

Berkshire Hathaway Energy GT&S

British Broadcasting Corp.

Burke Inc.

CDI Corporation

Center for Biological Diversity Inc.

Cintas Corp.

Columbia Property Trust Inc.

Comprehensive Healthcare

DHL International GmbH

EchoStar Corp.

Eli Lilly & Co.

Equifax Inc.

Equinor ASA

Ernst & Young LLP

Ferrara Candy Co.

Flowers Foods Inc.

Fortis Advisors LLC

Geico Corp.

Georgia-Pacific LLC

Google LLC

Grafton & Upton Railroad Co.

Granite State Insurance Co.

Helen of Troy Ltd.

Hikma Pharmaceuticals PLC

Hydro Flask

Illinois Bankers Association

Illinois Credit Union League Inc.

Insurance Europe Ltd.

International Association of Machinists & Aerospace Workers

International Foundation of Employee Benefit Plans

JD.com

JPMorgan Chase & Co.

Krafton

LafargeHolcim Ltd.

Lex Machina Inc.

LexisNexis Legal & Professional

Lloyd's America Inc.

Major Lindsey & Africa LLC

Maryland State Bar Association

MasterCard Inc.

Mediterranean Shipping Co. SA

Merck & Co. Inc.

Microsoft Corp.

NVIDIA Corp.

Nasdaq Inc.

New York Taxi Workers Alliance

Nike Inc.

Norgine BV

Pacific Investment Management Co. LLC

Phillips 66

Prime Inc.

RELX PLC

Salix Pharmaceuticals, Ltd.

Southwest Airlines Co.

Space Exploration Technologies Corp.

Spirit Airlines Inc.

Syngenta AG

Taylor Morrison Home Corp.

The Kraft Heinz Co.

Thryv Inc.

Transport Workers Union of America

Trinity Industries Inc.

Turo Inc.

Visa Europe

Yahoo Inc.

LAW FIRMS IN TODAY'S NEWS

Consumer Law Group

Abood Law Firm

Addleshaw Goddard

Alexander Dubose

Anderson & Kreiger

Ashurst LLP

Axinn Veltrop

Birketts LLP

Boies Schiller

Bracewell LLP

Butzel Long

CMS Cameron McKenna

Cahill Gordon

Campbell Johnston

Cohen & Buckmann

Cohen Weiss

Colson Hicks

Cooley LLP

Cotchett Pitre

Cuddy & McCarthy

DLA Piper

Davis Polk

Dechert LLP

Duffy & Sweeney

Edelson Lechtzin

Estrich Goldin

Faegre Drinker

Felicello Law

Finkelstein Blankinship

Finnegan

Fish & Richardson

Foley & Lardner

Freshfields

Gateley PLC

Gibson Dunn

Goodwin Procter

GrayRobinson

Greenberg Traurig

Grotefeld Hoffmann

Hausfeld LLP

Haynes Boone

Hill Dickinson

Hogan Lovells

Holland & Knight

Hueston Hennigan

Husch Blackwell

Jackson Lewis PC

Jones Day

Katten Muchin

Kennedys Law LLP

Keystone Law

Kimmel & Silverman

Kirkland & Ellis

Kopelowitz Ostrow

Koskoff Koskoff

Latham & Watkins

Law Office of Daniel L. Ackman

Law Office of David L. Meyer

Levin Sedran

Lowey Dannenberg

Lynch Carpenter

Markovits Stock

Matthew G. Miller PC

Mayer Brown

McDermott Will & Schulte

McGuireWoods

Meadows Collier

Milbank LLP

Milberg PLLC

Miles & Stockbridge

Mills & Reeve

Mishcon de Reya

Morgan & Morgan PA

Nabarro LLP

Norton Rose

Nowak & Stauch

Osborne Clarke

Paul Weiss

Quinn Emanuel

Reed Smith

Robinson & Cole

Robinson Bradshaw

Seddons Law LLP

Selendy Gay

Shakespeare Martineau

Shamis & Gentile

Shipman & Goodwin

Shook Hardy

Simmons & Simmons

Simpson Thacher & Bartlett

Skadden Arps

Slaughter and May

Sommers Schwartz

Sterne Kessler

Stevens & Lee

Susman Godfrey

Venable LLP

Walker Morris LLP

Wigdor LLP

Wilshire Law Firm

Winston Taylor

Zimmerman Reed

GOVERNMENT AGENCIES IN TODAY'S NEWS

Alaska Department of Law

Bureau of Labor Statistics

California Department of Insurance

California Supreme Court

Canadian Transportation Agency

Circuit Court for Baltimore City, Maryland

City of New York

Companies House

Competition Appeal Tribunal

Delaware Court of Chancery

Financial Conduct Authority

Financial Crimes Enforcement Network

Internal Revenue Service

International Trade Commission

Judicial Conference of the United States

Native Village of Paimiut

New York Supreme Court, New York County

Office of the Comptroller of the Currency

Patent Trial and Appeal Board

Surface Transportation Board

Texas Supreme Court

U.S. Army Corps of Engineers

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

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

U.S. Court of Appeals for the District of Columbia Circuit

U.S. Court of Appeals for the Eighth Circuit

U.S. Court of Appeals for the Fifth Circuit

U.S. Court of Appeals for the Ninth Circuit

U.S. Court of Appeals for the Second Circuit

U.S. Court of Appeals for the Tenth Circuit

U.S. Customs and Border Protection

U.S. Department of Justice

U.S. Department of the Interior

U.S. Department of the Treasury

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

U.S. District Court for the District of Alaska

U.S. District Court for the District of Columbia

U.S. District Court for the District of New Mexico

U.S. District Court for the District of Rhode Island

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 Eastern District of Texas

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

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

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. District Court for the Western District of Texas

U.S. Government Accountability Office

U.S. Immigration and Customs Enforcement

U.S. Securities and Exchange Commission

U.S. Supreme Court

UK High Court

UK Ministry of Justice

United States District Court for the District of Colorado