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

The 2026 Law360 400

By Daniela Porat

Law360 is pleased to announce its list of the 400 largest U.S. firms by headcount.

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Widow Sues Podhurst Orseck Over $4M 737 Max Settlement

By Mike Curley

An Indonesian widow is suing Podhurst Orseck PA and one of its attorneys in Illinois federal court, alleging they failed to keep her informed or get her all the money she was entitled to in a $4 million settlement with Boeing over the fatal crash of Lion Air Flight 610.

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Kellogg Hansen Bests Susman Godfrey's Associate Pay Hikes

By Andrea Keckley

More litigation boutiques are joining the growing number of firms raising their base salaries for associates, with Kellogg Hansen Todd Figel & Frederick PLLC exceeding the scale Susman Godfrey LLP set earlier this week.

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Mass. Attys Ding Watchdog's 'Myopic' Public Defense Report

By Julie Manganis

The leader of a group of Massachusetts attorneys who stopped taking court-appointed cases last year over what they say are inadequate hourly rates on Thursday slammed a state inspector general's highly critical report on the state's indigent defense system as "myopic."

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Ex-Trump Atty Chesebro Gets Fla. Law License Back

By Madison Arnold

The Florida Supreme Court has reinstated the law license of former Trump campaign attorney Kenneth Chesebro after his conviction in Georgia's election interference racketeering case was eventually cleared by a court order invalidating the charge.

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SDNY US Atty Jay Clayton Picked For DNI After Pulte Pushback

By Courtney Bublé

President Donald Trump announced on Thursday he's nominating Jay Clayton, U.S. attorney for the Southern District of New York, to be director of national intelligence.

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Immigration Firm Says Attys Fraudulently Poached Clients

By Britain Eakin

A law firm recently accused of running a volume-driven immigration filing mill claimed in a new lawsuit in Ohio federal court that three attorneys and a TikTok personality orchestrated a social media campaign falsely accusing it of visa fraud as a way to poach its clients.

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Mich. Judge Bullied Staff, Disciplinary Adjudicator Finds

By Melanie Dorsey

A suburban Detroit district judge violated court rules by withholding a court-ordered psychological evaluation report and repeatedly mistreating court staff, a retired judge serving as a neutral in disciplinary proceedings found, while rejecting several other claims of misconduct.

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Mich. Judge Denies Law Firm's Bid To Toss Data Breach Suit

By Susan Smiley

A Michigan law firm's bid to toss a proposed class action alleging that it allowed a cybersecurity breach that exposed its clients' personal and medical information was denied Thursday by a federal judge who also granted the lead plaintiff's request to amend his complaint.

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COMPANIES IN TODAY'S NEWS

Association of Flight Attendants-CWA

Barclays PLC

Boats Group

British Airways PLC

China International Marine Containers Ltd.

Coinbase Global Inc.

Daybreak Express Inc.

FCA US LLC

Fifth Third Bancorp

Haleon PLC

Heathrow Airport Holdings Ltd.

JPMorgan Chase & Co.

Janus Henderson Group PLC

Major League Baseball Inc.

McAfee Inc.

Microsoft Corp.

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 Florida Bar

TikTok Inc.

Tower Health

TransUnion LLC

Zumba Fitness LLC

LAW FIRMS IN TODAY'S NEWS

Ahmad Zavitsanos

Alston & Bird

Archer & Greiner

Aronfeld Trial Lawyers

Barnes & Thornburg

Bradley Arant

Collins Bargione

Collins Einhorn

Cozen O'Connor

Davis Polk

Elsberg Baker

Federman & Sherwood

Foley & Lardner

Gerson & Schwartz

Gordon Rees

Hagens Berman

Halpern Santos

Hamilton Miller & Birthisel

Hecker Fink

Hickey Law Firm

Holwell Shuster

Kellogg Hansen

Kirkland & Ellis

Klein Thomas

Lewis Brisbois

Lipcon Margulies

Lisinski Law Firm

Lite DePalma

Lubin Austermuehle

Matthew G. Miller PC

McNeil Tropp

Milbank LLP

Panish Shea

Pierce & Kwok

Podhurst Orseck

Proskauer Rose

Quinn Emanuel

Robbins Geller

Shaked Law Firm

Sidley Austin

Sullivan & Cromwell

Susman Godfrey

Taft Stettinius

Tarter Krinsky

GOVERNMENT AGENCIES IN TODAY'S NEWS

California Attorney General's Office

California Environmental Protection Agency

California Supreme Court

Committee for Public Counsel Services

Delaware River Port Authority

Equal Employment Opportunity Commission

Executive Office of the President

Federal Acquisition Regulatory Council

Federal Housing Finance Agency

Florida Supreme Court

Food and Drug Administration

Maryland Attorney General's Office

Michigan Supreme Court

National Highway Traffic Safety Administration

New Jersey Attorney General's Office

State of Michigan

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

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

U.S. Citizenship and Immigration Services

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 Court for the District of Maryland

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

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

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

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

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

U.S. Securities and Exchange Commission

U.S. Senate

U.S. Supreme Court

UK First-tier Tribunal

UK Upper Tribunal