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February 12, 2026
5 Key Flashpoints From Fed's 'Skinny' Account Proposal
The Federal Reserve's push to create "skinny" master accounts that would open up access to U.S. payment rails has become the latest front in long-running turf wars between banks and fintech companies. Here are five of the project's hottest flashpoints attracting controversy.
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February 12, 2026
Skyline CEO Indicted Over Alleged Lies About AI, Other Tech
The CEO of Skyline Technologies has been indicted on charges that he defrauded investors out of more than $1 million, including by allegedly lying that the company was developing an AI trading product that would guarantee annual investment returns up to 22 percent, the New Jersey Attorney General's Office announced on Thursday.
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February 12, 2026
Super Micro Investor Fights Uphill At 9th Circ. To Lead Suit
A Ninth Circuit panel appeared skeptical Thursday of a Super Micro Computer Inc. investor's writ of mandamus petition challenging a lower court's decision to reject it as lead plaintiff in a proposed securities class action, with each judge expressing doubts that the investor has shown its "extraordinary" request for relief is warranted.
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February 12, 2026
Simpson Thacher, Davis Polk Steer SoftBank-Backed IPO
SoftBank Group Corp.-backed Japanese mobile payment service PayPay Corp., represented by Simpson Thacher & Bartlett LLP, on Thursday filed paperwork with the U.S. Securities and Exchange Commission for a proposed initial public offering, the underwriters of which are represented by Davis Polk & Wardwell LLP.
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February 12, 2026
Uber $8.5M Bellwether Verdict Boosts Plaintiffs' MDL Leverage
Uber was recently hit with an $8.5 million verdict in the first bellwether trial in multidistrict litigation over driver sex assaults, and one particular finding by the jury bodes well for the thousands of cases remaining in the MDL, experts tell Law360, and could prove pivotal for any future global settlement.
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February 12, 2026
US Sets 15% Tariff On Taiwanese Imports In Trade Deal
Taiwan has agreed to lift nearly all of its tariffs on U.S. imports and pledged to purchase nearly $85 billion in American goods in exchange for a 15% tariff on Taiwanese goods, according to a reciprocal trade deal signed Thursday.
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February 12, 2026
7th Circ. Takes Up BIPA Amendment's Retroactivity
The Seventh Circuit heard arguments Thursday over whether a liability-limiting amendment to Illinois' biometric privacy law has retroactive application to lawsuits filed before it took effect, with one judge on the panel saying it seemed like "billions of dollars of consequences turn on how we label the change."
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February 12, 2026
Zappos Says Customer Must Arbitrate Meta Privacy Suit
A Zappos customer must arbitrate her proposed class action alleging it allowed Meta to eavesdrop on customer activity on its website, the retailer told a California federal judge Wednesday, arguing the customer received conspicuous notice of its conditions of use and privacy notice containing an arbitration agreement.
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February 12, 2026
Edgio Execs To Pay $15M To End Misstated Revenue Suit
Former executives of Edgio Inc. will pay $15 million to shareholders to end claims that the executives misled investors about Edgio's control over its internal financial reporting in the months leading up to the bankrupt software company's admission that it overreported revenue.
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February 12, 2026
12 Questions For FCC Chair Brendan Carr
It's been a "banger" of a year at the Federal Communications Commission, says agency chief Brendan Carr, who took over at the outset of President Donald Trump's second term with the goal of cutting regulations and quickly turning over more spectrum to the private sector.
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February 12, 2026
Gravity Payments Sued In Seattle Over 2025 Data Breach
Gravity Payments was hit with a proposed class action in Washington federal court Thursday by a Tennessee resident who claims the credit card processor failed to safeguard his information from a 2025 cyberattack that exposed the personal details of more than 2,000 people.
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February 12, 2026
Bipartisan Bill Targets Scam Ads On Social Media Platforms
Federal lawmakers are pushing to require social media companies to crack down on fraudulent advertising on their platforms under new bipartisan legislation that is drawing praise from banking and consumer groups.
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February 12, 2026
Trump Admin EV Funding Cuts Suits Merged In Wash. Court
A Washington federal judge has consolidated two lawsuits seeking to stop the Trump administration from preventing nearly $2.5 billion in congressionally appropriated funds from going to electric vehicle charging infrastructure programs.
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February 12, 2026
HPE Has 'No Grounds' To Hide DOJ Deal Bidders, AGs Say
Democratic attorneys general challenging the controversial Justice Department settlement permitting Hewlett Packard Enterprise's $14 billion purchase of Juniper Networks have urged a California federal judge to let them see who's bidding for assets up for divestiture, arguing the would-be buyers are an integral part of the agreement's viability.
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February 12, 2026
Tesla Says Case Transfer Boosts Mandamus Bid In PTAB Fight
A Texas federal judge's decision to send patent infringement litigation against Tesla Inc. to California strengthens the automaker's mandamus petition claiming the Patent Trial and Appeal Board wrongly turned away its challenges, Tesla told the Federal Circuit.
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February 12, 2026
Apple AirTags And IPhones Infringe Tracking Tech, Suit Says
Features on Apple's iPhones, AirTags and AirPods that allow users to locate lost items infringe patents owned by a company that invented an iPhone-compatible tracking case and tags, according to a lawsuit filed Wednesday in Texas federal court.
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February 12, 2026
Apple Cleared Of 4G Patent Infringement Claims In 3rd Trial
A Texas federal jury cleared Apple of infringement claims brought by Optis Wireless Technology over patents covering standard-essential 4G wireless technology Thursday, after the verdicts of two previous juries finding Apple liable were overturned.
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February 12, 2026
Judge Recommends Tossing Nielsen Data Patent Case
Nielsen should have its lawsuit accusing a rival of infringing a patent covering a way to measure audience viewership outside the home using mobile phone data dismissed, a federal magistrate judge in Delaware recommended Thursday, finding the patent in question does not cover an eligible process.
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February 12, 2026
AI Mapping Co. Accused Of Copying Rival's Maps, Technology
An apartment mapping software company has accused a former potential business partner of copying thousands of its property maps and using them to launch a competing 3D product, alleging in a federal copyright and breach of contract lawsuit that it is losing customers as a result.
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February 12, 2026
Roblox Wins Effort To Arbitrate Kids' Data Privacy Suit
Roblox can arbitrate a proposed class action alleging that it secretly harvests users' personal data, a California federal judge ruled Wednesday, finding that the users received conspicuous notice of the fact that clicking "Sign Up" or "Continue" on its platform binds them to the arbitration clause contained in Roblox's terms of use.
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February 12, 2026
Maxeon Dodges Investor Suit Over Financial Disclosures
Maxeon Solar Technologies has escaped a shareholder class action accusing it of misleading investors about its liquidity issues, with a California federal judge ruling that none of the challenged statements in the suit were shown to be false or misleading.
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February 12, 2026
USMCA Must Be Extended In Joint Review, Senators Told
The U.S. Mexico Canada Agreement should be strengthened and extended given the benefits it has generated for businesses, the former chair of the House Ways and Means Committee told the Senate Finance Committee on Thursday as President Donald Trump's actions cast doubt over the deal's future.
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February 12, 2026
Flight Simulator Co. Files Ch. 11 Amid Industry Challenges
Florida-based flight simulator company Avenger Flight Group has filed for Chapter 11 protection in Delaware bankruptcy court, saying airline industry headwinds have left it seeking a sale to deal with more than $273 million in debt.
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February 12, 2026
Investor Claims $250K Fraud In Project Tied To Magic Johnson
A business owner accused an associate of Earvin "Magic" Johnson of fraudulently taking $250,000 to invest in an online education platform about cryptocurrency that was endorsed by the legendary basketball player but never launched or paid any royalties.
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February 12, 2026
Texas AG To Investigate Conduent, BCBS For Data Breach
Texas Attorney General Ken Paxton announced Thursday that he's investigating Blue Cross Blue Shield of Texas and Conduent Business Services LLC over a sprawling data breach that left sensitive data for upward of four million Texans exposed.
Expert Analysis
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USPTO's New Patentability Focus Helps Emerging Tech
The U.S. Patent and Trademark Office's recent efforts to shift patentability criteria back toward traditional standards of novelty, obviousness and adequate disclosure should make it easier for emerging tech, including artificial intelligence, to obtain patents, says Bill Braunlin at Barclay Damon.
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CFIUS Risk Lessons From Chips Biz Divestment Order
President Donald Trump's January executive order directing HieFo to unwind its 2024 acquisition of a semiconductor business with ties to China underscores that even modestly sized transactions can attract CFIUS interest if they could affect strategic areas prioritized by the U.S. government, say attorneys at Debevoise.
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What Applicants Can Expect From Calif. Crypto License Law
With the July effective date for California's Digital Financial Assets Law fast approaching, now is a critical time for companies to prepare for licensure, application and coverage compliance ahead of this significant regulatory milestone that will reshape how digital asset businesses operate in California, say attorneys at MoFo.
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Malpractice Claim Assignability Continues To Divide Courts
Recent decisions from courts across the country demonstrate how different jurisdictions balance competing policy interests in determining whether legal malpractice claims can be assigned, providing a framework to identify when and how to challenge any attempted assignment, says Christopher Blazejewski at Sherin & Lodgen.
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Reviewing The Legal Landscape Of Social Media For Minors
States have initiated a wave of legislation regulating minors' access to and use of social media platforms, so it will be critical for social media companies to closely track the patchwork of state laws and pending legal challenges so they are prepared to pivot if necessary, say attorneys at Sidley.
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Tips For Counsel As PE Eyes Data Center Facility Services
As private equity interest in specialized commercial facility services providers heightens, considerations for counsel and private equity investors run the gamut from contract transferability to facility compliance, say attorneys at Morgan Lewis.
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Opinion
CFIUS Must Adapt To Current Foreign Investment Realities
To continue protecting the U.S.’ long-term strategic and economic interests, the Committee on Foreign Investment in the United States should implement practical enhancements that leverage technology, expertise and clear communication, and enable it to keep pace with evolving demands, says attorney Sohan Dasgupta.
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Texas AG Wields Consumer Protection Law Against Tech Cos.
Texas Attorney General Ken Paxton has targeted technology companies using the Texas Deceptive Trade Practices Act, a broadly worded statute that gives the attorney general wide latitude to pursue claims beyond traditional consumer protection, creating unique litigation risks, say attorneys at Yetter Coleman.
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When Bankruptcy Collides With Product Recalls
The recent bankruptcy filing by Rad Power Bikes on the heels of a U.S. Consumer Product Safety Commission warning about dangerously defective batteries sold by the company highlights how CPSC enforcement clashes with bankruptcy protections, leaving both regulators and consumer litigants with limited options, says Michael Avanesian at Avian Law Group.
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Utah's AI Prescription Renewal Pilot Could Inform Policy
Utah recently became the first state to approve an artificial intelligence system for autonomously renewing certain prescription medicines, providing a test case for how regulators may be able to draw boundaries between administrative automation and medical judgment, say Jashaswi Ghosh at Holon Law Partners and Bryant Godfrey at Foley Hoag.
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Bipartisan Enforcement Is Rising In Consumer Finance
Activity over the past year suggests a bipartisan state enforcement wave is rippling across the consumer finance industry, which follows a blueprint set out by former Consumer Financial Protection Bureau Director Rohit Chopra, who notably now leads a Democratic Attorneys General Association working group, say attorneys at Hudson Cook.
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How Attorneys Can Navigate Shifts In Financing Landscape
Direct government investment in companies in strategic sectors is expected to continue this year, with legal practitioners facing increased demands to navigate hybrid capital structures, evolving regulatory considerations and the alignment of financing terms with long-term business and strategic objectives, say attorneys at Skadden.
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Series
Teaching Logic Makes Me A Better Lawyer
Teaching middle and high school students the skills to untangle complicated arguments and identify faulty reasoning has made me reacquaint myself with the defined structure of thought, reminding me why logic should remain foundational in the practice of law, says Tom Barrow at Woods Rogers.
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New Biotech Nat'l Security Controls May Have Blunted Impact
While the newly enacted federal prohibition against contracting with certain biotechnology providers associated with countries of concern may have consequences on U.S. companies' ability to develop drugs, the restrictions may prove to be less problematic for the industry than the significant publicity around their passage would suggest, say attorneys at Wilson Sonsini.
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From IPR To EPR: The Rapid Rise Of Ex Parte Reexamination
With the current administration's dramatic shifts in policy rendering inter partes reviews essentially unavailable for the majority of patents being asserted in litigation, IPR filing rates have plunged, and ex parte reexamination requests have surged to the average rate of IPR petitions in 2024, say attorneys at McKool Smith.