The European Union’s General Court has refused to grant millions of euros in damages to a state-owned Iranian insurer after its assets were frozen under nuclear sanctions against Tehran, handing victory to the European Council.
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Saturday, December 15, 2018 Follow Law360

TOP NEWS

Iranian Insurer Denied Compensation Over EU Nuke Sanctions

The European Union’s General Court has refused to grant millions of euros in damages to a state-owned Iranian insurer after its assets were frozen under nuclear sanctions against Tehran, handing victory to the European Council. Read full article »

EU Refuses To Reopen Brexit Deal, Putting Passage In Doubt

The European Council has formally told the U.K. that its Brexit withdrawal agreement is not open to renegotiation even though a majority of British lawmakers rejected the package, increasing the odds of a no-deal departure from the bloc or a postponement. Read full article »

EU Insurers Cannot Dodge €21M Factory Loss, UK Firm Says

A Jersey-based holding company has hit back at an attempt by two European insurers to avoid paying €21.3 million ($24 million) for losses at a Dutch aluminum factory, saying its insurance claim is not excluded under the terms of its policy. Read full article »

LITIGATION

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

The last week has seen an Italian investment boutique sue a film production company, MMA and Axa sue shipper MSC and a wealth management firm lodge a part 8 action against major banks like Barclays and HSBC. Read full article »

POLICY & REGULATION

BoE Acts On Travel Expenses After Pressure From MPs

The Bank of England said Friday it has tightened its expenses regime after two senior regulatory experts, one of them a former vice chairman of the U.S. Federal Reserve, angered MPs by racking up £390,000 ($490,000) on travel costs over two and a half years. Read full article »

PEOPLE

LEGAL INDUSTRY

Judge Fed Up With 'Whiny' Letters In Least Favorite Case

A long-running patent case over teeth-straightening technology has become the “oldest and least favorite” case of one Texas federal judge, who warned lawyers for two dental companies to stop writing her “whiny” letters. Read full article »

The 6 Biggest Law Firm Mergers Of 2018

The legal sector was rocked by announcements of six massive law firm mergers in 2018, adding to a string of behemoth combinations over the past decade that many believe are leading to the consolidation of the industry into a handful of giants. Read full article »

Law Schools See First Real Enrollment Gains Since 2010

New numbers released Friday by the American Bar Association found that first-year law school enrollment has meaningfully increased for the first time in eight years, with the number of new law students rising almost 3 percent. Read full article »

ABA Puts Atlanta's John Marshall Law School On Probation

The American Bar Association has placed Atlanta's John Marshall Law School on probation, making it the latest school the ABA has flagged as out of compliance with standards for admissions and academic rigor. Read full article »

SG Rips 'Routine' Nationwide Injunctions Of Trump Policies

U.S. Solicitor General Noel Francisco on Thursday went after the “disturbing but accelerating trend” of trial courts striking down President Donald Trump's policies with nationwide injunctions while trying to preserve the military’s recent transgender ban in new filings to the U.S. Supreme Court. Read full article »

Lincoln Financial Hires GC Away From Genworth

Lincoln Financial Group has hired Genworth Financial veteran Leon Roday to serve as its general counsel, the financial advisory firm announced Friday. Read full article »

Feature

GC Cheat Sheet: The Hottest Corporate News Of The Week

In-house counsel named six law firms as superior at providing value for their dollar, a report showed this year has been the legal industry's best for growth in almost 10 years, and Google's CEO testified before the House Judiciary Committee amid tracking and bias concerns. These are some of the stories in corporate legal news you may have missed in the past week.​ Read full article »

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. Read full article »

Podcast

Law360's Pro Say: Clergy Abuse Victims Want Shot At Justice

A bombshell grand jury report in Pennsylvania this summer that priests sexually abused a thousand children has kick-started an effort to extend the amount of time that victims can sue, but not everyone supports the change. This week reporter Dan Siegal joins the Pro Say podcast to explain the situation and how similar provisions have worked out in other states.   Read full article »

Walmart Compliance Chief Jay Jorgensen To Step Down

Walmart Inc. told its employees Friday that former Sidley Austin LLP partner Jay Jorgensen, leader of the retailer’s global ethics and compliance program, is leaving the megachain to pursue other opportunities, according to an internal memo provided to Law360. Read full article »

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Paul Hastings

Post & Schell

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Quinn Emanuel

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Genworth Financial Inc.

Google Inc.

HSBC Holdings PLC

Kirkland's, Inc.

Lambda Legal Defense & Educational Fund

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Lloyds Bank PLC

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National Center for Lesbian Rights

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Twitter Inc.

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Zeughauser Group LLC

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