Corporate

  • July 05, 2024

    H&R Block Users Must Arbitrate Meta Privacy Claims

    Two H&R Block customers must arbitrate their claims that the company shared their private data with Meta Platforms Inc. and Google, a Pennsylvania federal court ruled, saying they agreed to arbitrate any disputes under the tax services provider's terms of agreement.

  • July 05, 2024

    Record PE Dry Powder Shows Slowed Exit Activity, Attys Say

    Optimism that private equity deal making will take off in 2024 is fading, and while activity has increased, the record amount of dry powder floating around the private equity space signals that fund managers may still be hesitant to transact.

  • July 05, 2024

    2024 Global M&A, Mega-Deal Values Outpacing 2023

    Dealmakers and the attorneys who represent them came into 2024 with a sense of cautious optimism about the mergers and acquisitions market.

  • July 05, 2024

    NY Investor Sues In Del. Alleging Costly Misbehavior In PR

    A New York investor in a company set up to manage multiple car dealerships in San Juan, Puerto Rico, has sued his co-investor in Delaware's Court of Chancery, alleging "complex and systematic fraud and embezzlement schemes" and "reprehensible" public conduct that has put the business in "dire straits."

  • July 05, 2024

    GC Cheat Sheet: The Hottest Corporate News Of The Week

    A New Jersey judge ordered a former Apple lawyer to pay $1.1 million to the U.S. Securities and Exchange Commission stemming from criminal insider trading charges, and a Texas judge put the Federal Trade Commission's noncompete ban on hold. These are among the stories in corporate legal news you may have missed in the past week.

  • July 05, 2024

    Self-Driving Tech Co. Disputes Chinese Military Designation

    Lidar technology firm Hesai has urged a Washington, D.C., federal judge to overturn its designation as a Chinese military company, saying the Pentagon had failed to show it had any connection to China's military industrial base.

  • July 05, 2024

    Del. Suit Says Flawed Lockup Corrupted Post-IPO Stock Sales

    A stockholder of artificial intelligence-focused C3.ai Inc. has launched a derivative suit in Delaware's Court of Chancery seeking damages for the company after insiders allegedly made hundreds of millions off an initial public offering propped up by false sales projections and an early share lockup release.

  • July 05, 2024

    Ex-Law Firm Exec Accused Of Theft Wants 'Malicious' Claim

    A former executive at McElroy Deutsch Mulvaney & Carpenter LLP has asked a New Jersey state court to let her pursue a malicious prosecution counterclaim against the firm over its theft allegations against her, alleging that she didn't engage in any financial fraud. 

  • July 05, 2024

    The Firms That Won Big At The Supreme Court

    This U.S. Supreme Court term featured high-stakes oral arguments on issues including gerrymandering, abortion and federal agency authority, and a hot bench ever more willing to engage in a lengthy back-and-forth with advocates. Here's a look at the law firms that argued the most cases and how they fared.

  • July 05, 2024

    Voyager Investors' $6.5M Deal Over Crypto Marketing OK'd

    A New York federal judge has granted preliminary approval to a $6.5 million cash settlement between the top brass of the now-bankrupt cryptocurrency firm Voyager Digital Holdings and a class of its users who claimed they "aggressively marketed" unregistered securities.

  • July 05, 2024

    FTC Wants Second Look At $1.6B CoStar, Matterport Deal

    The Federal Trade Commission has requested more information from CoStar Group and Matterport on a planned $1.6 billion merger that would round out CoStar's real estate analytics offerings with the latter company's virtual property tour platform.

  • July 05, 2024

    UAW Wants 'Highly Sensitive' Strategy Kept From Monitor

    United Auto Workers is urging a Michigan federal judge to declare that the union can withhold confidential information — such as "highly sensitive" collective bargaining strategy — from the "unprecedented" amount of discovery requested by a monitor investigating alleged financial misconduct and retaliation within the union.

  • July 05, 2024

    Owens Corning Board Sued In Del. Over Advance-Notice Bylaws

    A shareholder of Owens Corning has sued its board in Delaware's Court of Chancery, alleging the building materials company has "weaponized" its bylaws to entrench its sitting directors and prevent activist stockholders from nominating alternative candidates to the board.

  • July 05, 2024

    Cybersecurity Firm Noventiq Kills Plans To List Via SPAC Deal

    London-based cybersecurity services provider Noventiq Holdings PLC and blank-check company Corner Growth Acquisition Corp. have canceled their plans to merge in a deal that sought to take Noventiq public in the U.S. at an estimated $1 billion value, citing market conditions.

  • July 05, 2024

    Cannabis Co. Trulieve Settles Suit Against Ex-CFO

    A federal judge has agreed to toss with prejudice a lawsuit Trulieve, Florida's largest medical marijuana company, filed against one of its former executives accusing him of misusing hundreds of thousands of dollars of company money, after both sides reached some kind of deal.

  • July 05, 2024

    Monthly Merger Review Snapshot

    A Federal Trade Commission loss became a win when a Fourth Circuit pause spurred Novant Health to walk away from its plans to purchase two North Carolina hospitals, Assa Abloy complained about the monitor observing its compliance with a U.S. Department of Justice merger clearance deal, and a Colorado judge preserved the state attorney general's challenge to Kroger-Albertsons.

  • July 05, 2024

    The 3 Biggest Labor Law Decisions Of 2024 So Far

    The first half of 2024 included several significant decisions for labor law, including the U.S. Supreme Court's ruling toughening the standard for evaluating injunctions requested by National Labor Relations Board prosecutors and a Texas federal judge's decision striking down the board's joint employer rule. Here, Law360 examines these cases, as well as some of the other most important decisions from the first six months of the year.

  • July 05, 2024

    Top Federal Tax Cases To Watch In The 2nd Half Of 2024

    In the coming months, the U.S. Treasury and the IRS will defend rules designed to go after what they consider as abusive tax practices, including the economic substance doctrine, the Corporate Transparency Act and the moratorium on employee retention tax credits. Here, Law360 looks at key federal tax cases to watch in the rest of 2024.

  • July 05, 2024

    CFTC's Pham Says CCOs Must Be Careful With Agency

    U.S. Commodity Futures Trading Commission member Caroline Pham warns that chief compliance officers at CFTC-registered firms may face individual liability for noncompliance matters at their firms, telling Law360 that this shows the need for compliance heads to carefully document their actions to potentially avoid liability.

  • July 03, 2024

    HHS Scores Early Win In Boehringer's Medicare Pricing Suit

    A Connecticut federal judge on Wednesday sided with the U.S. Department of Health and Human Services in Boehringer Ingelheim's challenge to a new Medicare drug price negotiation program, rejecting the pharmaceutical company's claim that the program is unconstitutional.

  • July 03, 2024

    Enviva Execs Individually Escape ESG Investor Action

    A Maryland federal judge dismissed several executives and underwriters for wood pellet giant Enviva Inc. from a proposed securities class action seeking recompense for stock drops over reports they "greenwashed" claims of sustainability, saying the suit failed to show the defendants made conscious misstatements.

  • July 03, 2024

    McKinsey Can Exit Rival's Bankruptcy Conflicts RICO Suit

    A Manhattan federal judge Wednesday tossed a lawsuit brought by the founder of turnaround consultant AlixPartners accusing rival McKinsey & Co. of intentionally failing to disclose disqualifying conflicts of interest in big bankruptcy cases, saying the founder doesn't have standing to sue under the Racketeer Influenced and Corrupt Organizations Act.

  • July 03, 2024

    Roche Says Stanford Profs Stole Cancer Detection Tech

    Roche Molecular Systems has accused Stanford University and several faculty members of swiping its proprietary cancer detection technology and secretly founding a new company with it, according to a suit filed in California federal court.

  • July 03, 2024

    SpaceX Can Proceed With 2nd NLRB Constitutional Challenge

    The National Labor Relations Board can't press pause on SpaceX's second fight over the constitutionality of the agency's structure, a Texas federal judge ruled Wednesday, saying the board couldn't demonstrate why the proceeding should be stayed.

  • July 03, 2024

    FTC Warns Cos. Over Warranties That Limit Right To Repair

    The Federal Trade Commission is warning a group of air purifier sellers, treadmill makers and gaming tech companies not to scare their customers from using independent dealers to repair their products, saying their use of "warranty void" notices might be in violation of federal right-to-repair laws.

Expert Analysis

  • New Crypto Reporting Will Require Rigorous Recordkeeping

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    The release of a form for reporting digital asset transactions is a pivotal moment in the Internal Revenue Service's efforts to track cryptocurrency activities that increases oversight by requiring brokers to report investor sales and exchanges, say Shaina Kamen and Max Angel at Holland & Knight.

  • What Transactional Attys Must Know About Texas Biz Courts

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    As Texas prepares to launch its new business courts, transactional attorneys — especially those involved in commercial, securities and internal governance matters — should keep several issues in mind when considering use of the state's business court system to facilitate deals and settle disputes, say attorneys at Katten.

  • A Comparison Of FDIC, OCC Proposed Merger Approaches

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    Max Bonici and Connor Webb at Venable take a closer look at the Federal Deposit Insurance Corp.'s and Office of the Comptroller of the Currency's respective bank merger proposals and highlight certain common themes and important differences, in light of regulators continually rethinking their approaches to bank mergers.

  • Series

    Being An EMT Makes Me A Better Lawyer

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    While some of my experiences as an emergency medical technician have been unusually painful and searing, the skills I’ve learned — such as triage, empathy and preparedness — are just as useful in my work as a restructuring lawyer, says Marshall Huebner at Davis Polk.

  • Behind Court Challenges To The FTC's Final Noncompete Rule

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    The Federal Trade Commission's recent final rule banning noncompetes may not go into effect any time soon amid a couple of Texas federal court challenges seeking to bar the rule's implementation, which will likely see appeals all the way to the U.S. Supreme Court, says Michael Elkins at MLE Law.

  • Corporate Insurance Considerations For Trafficking Claims

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    With the surge in litigation over liability under the Trafficking Victims Protection Reauthorization Act, corporate risk managers and in-house counsel need to ensure that appropriate insurance coverage is in place to provide for defense and indemnity against this liability, says Micah Skidmore at Haynes Boone.

  • Tips For Keeping Trade Secrets In The Vault

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    Key practices aimed at maintaining confidentiality can help companies establish trade secret status as the Federal Trade Commission's ban on noncompetes makes it prudent to explore other security measures, says John Baranello at Moses & Singer.

  • 5 Lessons From Ex-Vitol Trader's FCPA Conviction

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    The recent Foreign Corrupt Practices Act and money laundering conviction of former Vitol oil trader Javier Aguilar in a New York federal court provides defense takeaways on issues ranging from the definition of “domestic concern” to jury instruction strategy, says attorney Andrew Feldman.

  • SEC Amendments May Launch New Execution Disclosure Era

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    The U.S. Securities and Exchange Commission's recently adopted amendments to Rule 605 of Regulation NMS for executions on covered orders in national market system stocks modernize and enhance execution quality reporting, but serious guidance is still needed to make the reports useful for the public investor, say attorneys at Sidley.

  • Questions Remain After Mass. Adverse Possession Case

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    A recent Massachusetts Land Court decision, concerning an adverse possession claim on a family company-owned property, leaves open questions about potential applicability to closely held corporations and other ownership types going forward, says Brad Hickey at DarrowEverett.

  • Mitigating Incarceration's Impacts On Foreign Nationals

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    Sentencing arguments that highlighted the disparate impact incarceration would have on a British national recently sentenced for insider training by a New York district court, when compared to similarly situated U.S. citizens, provide an example of the advocacy needed to avoid or mitigate problems unique to noncitizen defendants, say attorneys at Lankler Siffert.

  • Navigating Title VII Compliance And Litigation Post-Muldrow

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    The U.S. Supreme Court’s recent ruling in Muldrow v. St. Louis has broadened the scope of Title VII litigation, meaning employers must reassess their practices to ensure compliance across jurisdictions and conduct more detailed factual analyses to defend against claims effectively, say Robert Pepple and Christopher Stevens at Nixon Peabody.

  • Tiny Tweaks To Bank Merger Forms May Have Big Impact

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    The impact of proposed changes to the Federal Reserve Board's and Federal Deposit Insurance Corp.'s bank merger review forms would be significant, resulting in hundreds of additional burden hours for bank merger applicants and signaling a further shift by the prudential bank regulators toward more rigorous scrutiny of mergers, say attorneys at Debevoise.

  • How CFPB Credit Card Rules Slot Into Broader Considerations

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    Swirling legal challenges against the Consumer Financial Protection Bureau's recent rulemaking concerning credit card late fees raise questions about how regulated entities should respond to the bureau's rules — and how quickly they should act, say Caitlin Mandel and Elizabeth Ireland at Winston & Strawn.

  • 3 Employer Lessons From NLRB's Complaint Against SpaceX

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    Severance agreements traditionally have included nondisparagement and nondisclosure provisions as a matter of course — but a recent National Labor Relations Board complaint against SpaceX underscores the ongoing efforts to narrow severance agreements at the state and federal levels, say attorneys at Williams & Connolly.

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