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In-House
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BCBS Association Names Sidecar Health Atty As CLO
The general counsel for insurance company Sidecar Health has joined the Blue Cross Blue Shield Association as its chief legal officer and general counsel, the company said Tuesday.
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Tesla To Vote On Reviving Musk's $55B Pay, Moving To Texas
Attorneys for Tesla Inc. notified Delaware's chancellor Wednesday that the company will seek stockholder approval June 13 for the same $55.8 billion Elon Musk compensation plan voided by Chancery Court on Jan. 30, along with reincorporation of Tesla as a Texas company.
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IBM Privacy Head Says AI Needs Transparency To Be Trusted
To combat artificial intelligence-generated deepfakes, disinformation and bias requires transparent, open-sourced AI models and swift regulations that protect elections, creators and the public, says IBM's Chief Privacy & Trust Officer Christina Montgomery.
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Netflix's Legal Head Departs, Says 'Mission Has Been Fulfilled'
Netflix's well-known director of legal operations and technology, Jenn McCarron, has left the company after five years, according to a post shared on LinkedIn on Monday, with McCarron commenting that her "mission has been fulfilled" at the entertainment company.
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NJ Hospital GC Emails Doom $24M Verdict For Surgeons
The New Jersey Supreme Court on Tuesday vacated a $24.3 million award to a group of neurosurgeons on their claim that a hospital didn't operate in good faith, finding the trial court's admission of emails from the hospital's general counsel and remarks made during closing arguments deprived the hospital of a fair trial.
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Digital Sports League CLO Joins Spencer Fane In Texas
Spencer Fane LLP is growing its business transactions practice, announcing Tuesday it is bringing in the chief legal officer of fantasy sports and gaming website SimWin Sports as of counsel in its Plano, Texas, office.
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Binance.US Adds Ex-NY Fed Compliance Chief To Board
Binance.US announced Tuesday that it had brought aboard a seasoned compliance and regulation expert to join its board of directors, three months after the cryptocurrency platform hired a new top compliance officer amid federal regulators' ongoing scrutiny of the platform.
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Litigation Finance Becoming Commonplace In BigLaw
When Michael Lackey first pitched others at Mayer Brown about using litigation funding for a matter, he got a less-than-positive response, he recalled.
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Ex-Philips Atty Named Infrastructure Giant Ferrovial's New GC
Amsterdam-based Spanish infrastructure company Ferrovial has announced the hire of a former in-house attorney at biotech company Lumicks and Dutch conglomerate Philips as its new general counsel and secretary of the board of directors.
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IHeartMedia GC's Comp Remains Stable At $2.3M In '23
iHeartMedia general counsel Jordan Fasbender, who has been in the role since 2021, earned over $2.3 million in total compensation in 2023, a slight decrease from 2022's $2.5 million, according to a recent U.S. Securities and Exchange Commission filing.
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Macy's New CLO Earned $1.5M In First Month On The Job
An embattled Macy's Inc. gave its new chief legal officer an $840,000 signing bonus plus $630,000 in stock awards when she joined the iconic department store chain on Jan. 8, according to the company's proxy statement.
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FactSet CLO To Join Baron Capital As Chief Operating Officer
The longtime chief legal officer for financial information and data analytics service provider FactSet Research Systems Inc., Rachel Stern, will join the asset management firm Baron Capital as chief operating officer in June, the firm said Tuesday.
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Orthopedics Co. Recruits Stryker Atty As CLO After Probe
Orthofix Medical Inc. has hired a longtime in-house lawyer from Stryker Corp. to be its next chief legal officer, about seven months after the spine and orthopedics company ousted its top attorney and two other executives following an investigation into "repeated inappropriate and offensive conduct."
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Arbitrator Ken Feinberg Doesn't Shy From Litigation Funders
Well-known arbitrator Kenneth Feinberg, speaking at a conference on Monday, said that he doesn't automatically wrinkle his nose when he hears that a litigation funder is part of a complex legal matter that he is attempting to find a resolution to.
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Ex-Medical Co. GC's Suit Against Loeb & Loeb Gets Trimmed
A Colorado federal court has narrowed a lawsuit by a former medical device company's in-house attorney against Loeb & Loeb LLP and an ex-firm attorney for pursuing claims on behalf of the business alleging that he stole its trade secrets.
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Insiders See Litigation Funding's Appeal Overcoming Its Risks
With higher interest rates and fights over disclosure rules on the horizon, the litigation finance industry is in a tenuous place, but it's not slowing down, a series of experts said at the International Legal Finance Association 2024 Conference on Monday.
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Microsoft, Walmart CLOs Recognized For Integrity, Creativity
The legal chiefs at Microsoft and Walmart are among about a dozen leading corporate lawyers who soon will be recognized at the Burton Awards as "Legends in Law" for their track records of addressing complex matters and creativity in solving challenges.
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BigLaw Partner Moves In-House As NYCB's General Counsel
An experienced BigLaw partner who worked at Simpson Thacher & Bartlett LLP and Skadden Arps Slate Meagher & Flom LLP has been named the general counsel of New York Community Bancorp Inc. alongside other executive appointments.
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Pittsburgh University Associate GC Returns To Littler
Littler Mendelson PC has rehired a former associate, who left the firm to join her alma mater as its associate general counsel more than a decade ago, the firm announced Monday.
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10x Genomics CLO's Earnings Dip, With Stock Awards Lower
The chief legal officer of biotechnology company 10x Genomics Inc. earned roughly $3.9 million in 2023, down from about $11.9 million the previous year, mostly because of reduced earnings from stock awards, according to a public filing.
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Ballard Spahr Adds Benefits Pro In Ga. From Union Pacific
An employee benefits and executive compensation attorney has moved to private practice at Ballard Spahr LLP after spending more than a decade in-house at Union Pacific Railroad.
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Cognizant CLO's Earnings Rebounded To $4.1M In '23
Cognizant Technology Solutions Corp.'s legal head saw his overall compensation climb back up to roughly $4.1 million in 2023, after making about $3.3 million in 2022, the IT services giant disclosed Friday in a securities filing.
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Former Citi In-House Atty Joins Bressler Amery In Florida
Bressler Amery & Ross PC has picked up a former in-house attorney for Citi who will serve as a principal in the firm's Fort Lauderdale, Florida, office.
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Ex-Comerica, Exxon Atty Joins W&T Offshore's Board
W&T Offshore Inc. announced that an experienced in-house attorney who has served in general counsel roles with companies such as ExxonMobil and Comerica Bank has been appointed to its recently expanded board of directors.
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Marshall Dennehey Adds Liberty Mutual Atty In Training Role
Marshall Dennehey PC expanded its professional services team this week by adding an attorney who left his role as counsel for Liberty Mutual to lead the firm's professional development team.