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

Gibson Dunn, PE Firm Pay Charity $1M For Knicks VIP Seats

By Dorothy Atkins

Gibson Dunn and private equity firm Veritas Capital split the $1 million winning bid for two "Celebrity Row" seats in a Knicks fundraiser ahead of Game 3 of the NBA Finals between the New York Knicks and the San Antonio Spurs, the team's parent company announced Monday.

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Groom Law Joins Firms Matching New Milbank Associate Pay

By Tracey Read

Washington, D.C.-based Groom Law Group is the latest firm to match a new pay scale for associates that was set earlier this month by Milbank LLP, according to media reports Monday.

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9th Circ. Judge Faces Inquiry, Charges After Idaho Altercation

By Lauren Berg

The Ninth Circuit on Monday identified a judicial misconduct complaint against U.S. Circuit Judge Ryan D. Nelson after he was charged with misdemeanor battery stemming from an argument in an Idaho Falls parking lot that ended with him allegedly stomping a man's eyeglasses on the asphalt.

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Analysis

How A Texas Pastor Beat Mark Zuckerberg In Landmark Trial

By Craig Clough

Jurors who reached a landmark $6 million verdict in March finding Meta Platforms Inc. and Google liable for harming a teen's mental health didn't find Mark Zuckerberg credible, an impression that the plaintiff's attorney Mark Lanier credited to putting the well-prepared executive off his guard.

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King & Spalding May Be Sanctioned In $300M Fraud Lawsuit

By Aaron Keller

Two King & Spalding LLP partners face a sanctions hearing in a $300 million fraud lawsuit to determine whether they violated a rule requiring candor to the tribunal by falsely claiming attorneys for other parties were copied on letters to two Connecticut jurists, according to two state court orders.

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Another Lawmaker Joins Impeachment Push For Ga. Judge

By Courtney Bublé

A Republican House member on Monday introduced articles of impeachment for U.S. District Judge Eleanor Ross of the Northern District of Georgia after she was reprimanded for having sex with a police officer in her chambers within earshot of staff.

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Colorado Gov. Signs Bill Banning Fee Sharing With Non-Attys

By Emma Cueto

Colorado has enacted a ban on lawyers sharing fees with nonlawyer-owned firms, such as alternative businesses in Arizona, as well as a prohibition on deals with managed services organizations that involve paying a percentage of firm income.

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Brief

Todd Blanche Officially Nominated To Be AG

By Courtney Bublé

President Donald Trump on Monday officially nominated Todd Blanche to be attorney general.

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Trump Taps DC Appeals Court Picks To Fill Final Vacancies

By Courtney Bublé

President Donald Trump has announced two picks for the D.C. Court of Appeals, which will fill the remaining vacancies on the District of Columbia's top court.

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Mich. Dems Back Trump Judicial Pick After Blue-Slip Review

By Courtney Bublé

Michigan's Democratic U.S. senators, Gary Peters and Elissa Slotkin, announced on Monday they've returned their blue slips for the nomination of Michael Martin, a veteran career prosecutor, to be a judge in the Eastern District of Michigan.

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Chapman Law School Dean Says He Was Fired For Being Gay

By Hailey Konnath

The former dean of Chapman University's Dale E. Fowler School of Law says the university unlawfully fired him because he's gay and married to a man, according to a complaint filed in California state court.

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NJ Senators Advance Litigation Funding Disclosure Bill

By Carla Baranauckas

New Jersey state senators on Monday advanced legislation that would require disclosure of third-party litigation funding agreements over the objections of trial lawyers and litigation finance representatives, who warned that the bill could discourage funding for plaintiffs involved in costly cases.

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Law Student's Kirk Comment Discipline Stays During Appeal

By Spencer Brewer

A Texas federal judge on Monday kept intact a reprimand against a law student who allegedly celebrated following the death of Charlie Kirk during an appeal, saying that the student "again seeks the wrong remedy" in her request.

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100+ Ex-Prosecutors Question Chicago US Atty's Leadership

By Celeste Bott

More than 100 former Illinois federal prosecutors issued a statement Monday saying there's been a "failure of leadership" in the U.S. attorney's office in Chicago and that "once-forbidden political considerations are infecting prosecutorial decisions" in the wake of an Illinois federal judge accusing the office of mishandling grand jury proceedings in a case against six immigration activists.

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SCOTUSblog Founder Goldstein's Sentencing Delayed To July

By Jared Foretek

A Maryland federal judge has agreed to push SCOTUSblog founder Thomas Goldstein's sentencing to July, after federal prosecutors speculated that his defense attorneys might come to the previously scheduled June hearing and declare that they aren't ready to proceed.

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Titan Of The Plaintiffs Bar: Lieff Cabraser's Elizabeth Cabraser

By Emily Field

When Elizabeth Cabraser began working with Robert Lieff as a clerk at his small practice in Northern California in the late 1970s, fresh out of law school, her job was to help him dispose of his remaining cases so he could retire early and become a winemaker.

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COMPANIES IN TODAY'S NEWS

700Credit LLC

A.P. Moller-Maersk

AXA SA

Above the Law

Adidas AG

Amazon.com Inc.

American International Group Inc.

Apple Inc.

Barclays PLC

Bausch Health Cos. Inc.

Berkshire Hathaway Energy GT&S

British Broadcasting Corp.

Burke Inc.

CDI Corporation

CVS Health Corp.

Center for Biological Diversity Inc.

Cintas Corp.

Columbia Property Trust Inc.

EchoStar Corp.

Equinor ASA

Ernst & Young LLP

Ferrara Candy Co.

Flowers Foods Inc.

Geico Corp.

Gerald Holdings LLC

Google LLC

Grafton & Upton Railroad Co.

Granite State Insurance Co.

Instagram Inc.

Insurance Europe Ltd.

InterContinental Hotels Group PLC

International Association of Machinists & Aerospace Workers

International Legal Finance Association

JD.com

Johnson & Johnson

LafargeHolcim Ltd.

Lloyd's America Inc.

Madison Square Garden Entertainment Corp.

Maryland State Bar Association

MasterCard Inc.

Mediterranean Shipping Co. SA

Merck & Co. Inc.

Meta Platforms Inc.

Microsoft Corp.

NVIDIA Corp.

Nasdaq Inc.

National Association of Mutual Insurance Companies

New Jersey Association for Justice

New Jersey Chamber of Commerce

New Jersey State Bar Association

New York Knicks

New York Rangers

New York Taxi Workers Alliance

Nike Inc.

Norgine BV

Pacific Investment Management Co. LLC

Phillips 66

Prime Inc.

Salix Pharmaceuticals, Ltd.

San Antonio Spurs

Southwest Airlines Co.

Space Exploration Technologies Corp.

Spirit Airlines Inc.

State Bar of California

Syngenta AG

Transport Workers Union of America

Trinity Industries Inc.

Turo Inc.

Veritas Capital Fund Management LLC

Visa Europe

Volkswagen AG

Walmart Inc.

YouTube Inc.

LAW FIRMS IN TODAY'S NEWS

Consumer Law Group

Abood Law Firm

Addleshaw Goddard

Alexander Dubose

Allegaert Berger

Anderson & Kreiger

Ashurst LLP

Axinn Veltrop

Birketts LLP

Butzel Long

CMS Cameron McKenna

Campbell Johnston

Cohen Weiss

Cooley LLP

Cotchett Pitre

Cuddy & McCarthy

Davis Polk

Dechert LLP

Edelson Lechtzin

Faegre Drinker

Finkelstein Blankinship

Freshfields

Gateley PLC

Gibson Dunn

Groom Law Group

Grotefeld Hoffmann

Hausfeld LLP

Haynes Boone

Hill Dickinson

Hogan Lovells

Holland & Knight

Hueston Hennigan

Husch Blackwell

Katten Muchin

Kennedys Law LLP

Keystone Law

Kimmel & Silverman

King & Spalding

Kopelowitz Ostrow

Law Office of Daniel L. Ackman

Law Office of David L. Meyer

Lennon Murphy

Levin Sedran

Lieff Cabraser

Lowey Dannenberg

Lynch Carpenter

Markovits Stock

Matthew G. Miller PC

McDermott Will & Schulte

Milbank LLP

Milberg PLLC

Miles & Stockbridge

Mills & Reeve

Mishcon de Reya

Motley Rice

Munger Tolles

Nabarro LLP

Norton Rose

Nowak & Stauch

Osborne Clarke

Quinn Emanuel

Seddons Law LLP

Seyfarth Shaw

Shakespeare Martineau

Shook Hardy

Simmons & Simmons

Slaughter and May

Smith Woolf

Sommers Schwartz

Walker Morris LLP

Wilshire Law Firm

Zimmerman Reed

GOVERNMENT AGENCIES IN TODAY'S NEWS

Alaska Department of Law

California Department of Insurance

Canadian Transportation Agency

Circuit Court for Baltimore City, Maryland

City of New York

Companies House

Competition Appeal Tribunal

Executive Office for U.S. Attorneys

Federal Bureau of Investigation

Financial Conduct Authority

Illinois General Assembly

Internal Revenue Service

Native Village of Paimiut

Surface Transportation Board

Texas Supreme Court

U.S. Army Corps of Engineers

U.S. Attorney's Office

U.S. Attorney's Office for the Northern District of Illinois

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 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. 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 Maryland

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

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

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 Illinois

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

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

U.S. Immigration and Customs Enforcement

U.S. Secret Service

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