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Sports & Betting
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July 01, 2025
5 Firms Guide In Intralot's €2.7B Buy Of Bally's Business
Greek gambling company Intralot SA, with guidance from Milbank LLP and a second firm, will acquire Bally's Corporation's international interactive business in a cash-and-shares deal valuing the division at €2.7 billion ($3.19 billion), with three firms, including Fried Frank Harris Shriver & Jacobson LLP and Nixon Peabody LLP, advising Bally's.
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July 01, 2025
NJ Assault Weapon Ban Unconstitutional, 3rd Circ. Told
Gun advocates told a Third Circuit panel on Wednesday that a Garden State federal court did not go far enough when it overturned the state's ban on AR-15 assault rifles, arguing that the state's ban on a number of other firearms and large capacity magazines should also be overturned.
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July 01, 2025
The Sharpest Dissents From The Supreme Court Term
The term's sharpest dissents often looked beyond perceived flaws in majority reasoning to raise existential concerns about the role and future of the court, with the justices accusing one another of rewarding executive branch lawlessness, harming faith in the judiciary and threatening democracy, sometimes on an emergency basis with little briefing or explanation.
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July 01, 2025
Judge Advances Shaq And FTX Investors' $1.8M Deal
A $1.8 million settlement between FTX investors and former NBA star Shaquille O'Neal has received preliminary sign-off from a Florida federal judge in a step toward confirming the deal that would resolve claims that the retired NBA star misled FTX investors with his alleged promotion of the now-collapsed cryptocurrency exchange.
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July 01, 2025
Justices Face Busy Summer After Nixing Universal Injunctions
The U.S. Supreme Court's decision to limit nationwide injunctions was one of its biggest rulings of the term — a finding the court is likely going to be dealing with all summer. Here, Law360 takes a look at the decision, how it and other cases on the emergency docket overshadowed much of the court's other work, and what it all means for the months to come.
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July 01, 2025
Chancery Sharply Refuses To Toss Colo. Bank Air Fleet Suit
In an often sharp-edged ruling, a Delaware vice chancellor on Tuesday sent toward discovery and trial stockholder claims that Solera National Bancorp's executive chairman and others wasted corporate assets in assembling an 11-aircraft fleet for a one-site bank in Colorado.
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July 01, 2025
NJ Governor Signs Bill Hiking Tax For Online Sports Betting
New Jersey Gov. Phil Murphy has approved a bill that will increase the tax for online gambling and sports betting to 19.75% just hours after the measure was passed by both houses of the state's Legislature.
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July 01, 2025
Judge Rules Gun Ban For Medical Pot Users Constitutional
A Pennsylvania federal judge ruled Monday that a federal policy barring medical marijuana patients from owning firearms does not violate the Second Amendment, granting the U.S. Department of Justice's motion to dismiss a challenge brought by a state prosecutor and others.
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July 01, 2025
Fantasy Sports Site Drops IP Suit Against DraftKings Director
Fantasy sports platform PrizePicks has agreed to drop a trade secret suit accusing its former social media director of using his personal ChatGPT account to smuggle out company secrets when he took a new position at DraftKings.
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July 01, 2025
1st Female Harlem Globetrotter Sues Team Over Apparel Sales
Lynette Woodard, the first woman to ever play for the Harlem Globetrotters, has sued the famed exhibition basketball team over sales of merchandise bearing her name, telling a New York federal court that the club sold the goods without her permission and without compensating her.
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July 01, 2025
WWE Accuser's Firm Beats Default Motion In Defamation Case
The law firm representing a former World Wrestling Entertainment staffer on sex trafficking and abuse claims has avoided loss by default in a separate but related Connecticut federal lawsuit that alleges the firm and one of its attorneys defamed a celebrity doctor.
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July 01, 2025
NY Equinox Trainers Score $12M In Unpaid Wages Settlement
A New York federal court has given final approval to a $12 million settlement between upscale gym chain Equinox and its personal trainers, whose Fair Labor Standards Act lawsuit accused the company of shorting them on overtime wages.
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July 01, 2025
Colts' New Owners Might Break NFL's Glass Ceilings
It took less than three weeks for control of the NFL's Indianapolis Colts to officially shift from late owner Jim Irsay to his three daughters. While the continuity assured by the transition did not surprise legal experts, the potential for the trio to break new ground has those experts watching closely.
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July 01, 2025
ArentFox Schiff Adds 2 FanDuel Sports In-House Counsel
ArentFox Schiff LLP is growing its sports industry team, bringing in two in-house counsel from FanDuel Sports Network to its Los Angeles office, one as a partner, the other as an associate.
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June 30, 2025
Suit Over TV Money Resumes With NCAA's NIL Deal In Place
An antitrust class action that former college athletes have brought demanding a larger share of television revenues from the NCAA is back on, after it was paused in October pending the final approval of a $2.78 billion name, image and likeness settlement between the league and players.
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June 30, 2025
Catching Up With Delaware's Chancery Court
Delaware's Supreme Court was kept busy this past week with litigants' attempts to challenge its previous decisions, as well as those of Delaware's Court of Chancery, which included an argument that the state's high court incorrectly ruled in favor of energy company Boardwalk Pipeline Partners LP by rejecting the Chancery's decision upholding class claims branding the call-in of public shares unfair. In case you missed it, here's the latest from the Delaware Chancery Court.
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June 30, 2025
Beasley Is Latest Player Scrutinized In NBA Gambling Probe
The National Basketball Association's Malik Beasley is at least the third player in the league to be investigated by federal prosecutors for his role in gambling on performances in games, sources confirmed Monday to Law360.
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June 30, 2025
Blackstone-Backed Cirsa Prices IPO For $2.9B Market Cap
Private equity-backed Spanish casino operator Cirsa Enterprises S.A.U. on Monday launched plans for an initial public offering that would give the company a €2.5 billion ($2.9 billion) market capitalization.
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June 30, 2025
DraftKings Hammers Away At Suit Disputing Voided NBA Bets
DraftKings is looking to sink a proposed class action that an aggrieved customer brought alleging the online betting giant cheated him out of a six-figure payout by canceling wagers he placed with faulty odds, telling an Indiana federal judge the lawsuit's central claims are "untenable."
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June 30, 2025
4 Firms Build $112.7M Take-Private Of Big 5 Sporting Goods
Big 5 Sporting Goods Corp. on Monday announced plans to go private after being bought by a partnership that includes Worldwide Golf and Capitol Hill Group in an all-cash deal that was built by four law firms and is valued at roughly $112.7 million.
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June 30, 2025
UMich Hacking Suit Adds NFL Head Coach Jim Harbaugh
Jim Harbaugh, head football coach for the Los Angeles Chargers, has been named as a defendant in the civil rights lawsuit against former University of Michigan coach Matthew Weiss, who is accused of pilfering the personal information of thousands of female athletes.
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June 30, 2025
Seyfarth Lands 22 Transactional Attys From Morris Manning
Seyfarth Shaw LLP announced Monday that it has added a 22-lawyer transactional team from Morris Manning & Martin LLP, including 11 partners in the real estate, corporate and employee benefits groups, while the latter firm indicated it's in talks to expand its ranks.
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June 27, 2025
Ill. High Court Says State Handgun Laws Comply With Bruen
A split Illinois Supreme Court on Friday ruled that the state's requirement that handgun owners maintain both a concealed weapon permit and a separate Firearm Owner's Identification Card is legal and not preempted by a recent decision by the U.S. Supreme Court.
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June 27, 2025
Tribes Say Kalshi's Sports Contracts Undermine Sovereignty
A group of state and tribal gaming associations plus 27 federally recognized tribes have weighed in on a dispute between trading platform KalshiEx LLC and Maryland regulators, arguing that Kalshi's entrance into the gaming market has adversely impacted tribal gaming revenue and impeded tribes' inherent sovereign right to regulate gaming activity on tribal lands.
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June 27, 2025
Gunmaker, Ammo Co. Sued In Ga. Over Exploding Cartridge
A Georgia man is suing gunmaker Chiappa Firearms USA Ltd and ammunition supplier Olin Winchester LLC over permanent eye damage he sustained when a bullet unexpectedly exploded in a pistol he was target firing, according to a lawsuit recently removed to federal court.
Expert Analysis
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Assessing Algorithmic Versus Generative AI Pricing Tools
A comparison of traditional algorithmic pricing models and those powered by generative artificial intelligence can help regulators and practitioners weigh the pros and cons of relying on large language models to price products or services, say Maxime Cohen at McGill University, and Tim Spittle and Jimmy Royer at Analysis Group.
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A Preview Of AI Priorities Under The Next President
For the first time in a presidential election, both of the leading candidates and their parties have been vocal about artificial intelligence policy, offering clues on the future of regulation as AI continues to advance and congressional action continues to stall, say attorneys at Mintz.
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How Companies Are Approaching Insider Trading Policies
An analysis of insider trading policies recently disclosed by 49 S&P 500 companies under a new U.S. Securities and Exchange Commission rule reveals that while specific provisions vary from company to company, certain common themes are emerging, say attorneys at Gibson Dunn.
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Court Denial Of $335M UFC Deal Sets Bold Antitrust Precedent
A Nevada federal court’s recent refusal to accept a $335 million deal between Ultimate Fighting Championship and a group of former fighters to settle claims of anticompetitive conduct was a rare decision that risks the floodgates opening on established antitrust case law, says Mohit Pasricha at Lawrence Stephens.
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How Methods Are Evolving In Textualist Interpretations
Textualists at the U.S. Supreme Court are increasingly considering new methods such as corpus linguistics and surveys to evaluate what a statute's text communicates to an ordinary reader, while lower courts even mull large language models like ChatGPT as supplements, says Kevin Tobia at Georgetown Law.
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Why Attorneys Should Consider Community Leadership Roles
Volunteering and nonprofit board service are complementary to, but distinct from, traditional pro bono work, and taking on these community leadership roles can produce dividends for lawyers, their firms and the nonprofit causes they support, says Katie Beacham at Kilpatrick.
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Firms Must Offer A Trifecta Of Services In Post-Chevron World
After the U.S. Supreme Court’s Loper Bright Enterprises v. Raimondo decision overturning Chevron deference, law firms will need to integrate litigation, lobbying and communications functions to keep up with the ramifications of the ruling and provide adequate counsel quickly, says Neil Hare at Dentons.
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5 Tips To Succeed In A Master Of Laws Program And Beyond
As lawyers and recent law school graduates begin their Master of Laws coursework across the country, they should keep a few pointers in mind to get the most out of their programs and kick-start successful careers in their practice areas, says Kelley Miller at Reed Smith.
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Series
Being An Opera Singer Made Me A Better Lawyer
My journey from the stage to the courtroom has shown that the skills I honed as an opera singer – punctuality, memorization, creativity and more – have all played a vital role in my success as an attorney, says Gerard D'Emilio at GableGotwals.
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Until Congress Acts, EDNY 'Insider Betting' Case Is Premature
The Eastern District of New York’s novel wire fraud conspiracy indictment in U.S. v. Pham may have prematurely heralded a new era in federal gambling enforcement, but in the absence of an “insider betting” statute, sportsbooks — not prosecutors — should be responsible for enforcing their terms of use, says attorney Jonathan Savella.
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How Law Firms Can Avoid 'Collaboration Drag'
Law firm decision making can be stifled by “collaboration drag” — characterized by too many pointless meetings, too much peer feedback and too little dissent — but a few strategies can help stakeholders improve decision-making processes and build consensus, says Steve Groom at Miles Mediation.
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Opinion
Litigation Funding Disclosure Key To Open, Impartial Process
Blanket investor and funding agreement disclosures should be required in all civil cases where the investor has a financial interest in the outcome in order to address issues ranging from potential conflicts of interest to national security concerns, says Bob Goodlatte, former U.S. House Representative for Virginia.
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Playing The Odds: Tackling Athlete Gambling Investigations
The rapid rise of sports gambling presents new and unique challenges, so it's important for attorneys to be able to navigate a dynamic web of complex, high-stakes relationships between athletes, the betting public, athletic organizations, sportsbooks and law enforcement — all while under intense public scrutiny, say attorneys at Steptoe.
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What NFL Draft Picks Have In Common With Lateral Law Hires
Nearly half of law firm lateral hires leave within a few years — a failure rate that is strikingly similar to the performance of NFL quarterbacks drafted in the first round — in part because evaluators focus too heavily on quantifiable metrics and not enough on a prospect's character traits, says Howard Rosenberg at Baretz+Brunelle.
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Replacing The Stigma Of Menopause With Law Firm Support
A large proportion of the workforce is forced to pull the brakes on their career aspirations because of the taboo surrounding menopause and a lack of consistent support, but law firms can initiate the cultural shift needed by formulating thoughtful workplace policies, says Barbara Hamilton-Bruce at Simmons & Simmons.