3 Firms Guide UAE Food Delivery App's Landmark $2B IPO

By Tom Zanki

Shares in Talabat, a food delivery app based in the United Arab Emirates, are set to begin trading next week following a $2 billion initial public offering that marked the largest global technology IPO this year, under guidance from three law firms.

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JPMorgan, Tesla Agree To End $162M Suit Over Musk Tweet

By Gina Kim

JPMorgan Chase & Co. and Tesla told a New York federal judge on Monday the parties have agreed to voluntarily end JPMorgan's suit alleging Tesla owes it $162 million over expired stock warrants after Tesla CEO Elon Musk mulled taking the company private in an August 2018 tweet.

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Chancery OKs $345M Fee Award For $55B Musk Pay Fight

By Jeff Montgomery

Delaware's chancellor approved a $345 million attorney fee award Monday in the case that scuttled Tesla CEO Elon Musk's 10-year, $55.6 billion compensation plan, rejecting the plaintiff's bid for $5.6 billion in freely tradable company shares and declining to reinstate Musk's proposed pay.

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FDIC Must Face Some Of SVB Ex-Parent's Claims In $1.9B Suit

By Clara Geoghegan

A California federal judge has pared down a lawsuit looking to force financial regulators that stepped in after the high-profile collapse of Silicon Valley Bank to return some $1.9 billion in frozen deposits to the bank's former operator as part of a multipronged effort to recover the funds.

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Analysis

SEC Crypto Cases To Face Review Under Trump

By Aislinn Keely

President-elect Donald Trump's promises of a friendlier approach to the digital asset industry means a review is coming for the U.S. Securities and Exchange Commission's controversial crypto suits, but experts agreed that this doesn't mean enforcement actions in the space will grind to a halt.

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Bipartisan Bill Calls For AI Studies From Financial Regulators

By Aislinn Keely

Leaders of the U.S. House Financial Services Committee want to codify their commitment to regulating and cultivating the use of artificial intelligence in the financial services industry with legislation introduced Monday that directs financial and housing regulators to produce reports on the use of AI in their respective sectors.

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Citi Splits Off Mexican Retail Bank Ahead Of Planned IPO

By Tom Zanki

Citigroup said Monday it has completed the expected spinoff of its Mexican retail banking unit called Banamex — part of a strategy to separate its retail and institutional banking businesses in Mexico — paving the way for an initial public offering of Banamex.

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Top Promoter Of $58M IcomTech Crypto Ponzi Gets 10 Years

By Pete Brush

A Manhattan federal judge hit a Florida cryptocurrency salesman on Monday with a 10-year prison sentence for his role in promoting the $58 million IcomTech Ponzi scheme, saying he victimized others in a "get rich quick" scam and may do so again.

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Metropolitan Commercial Bank Aided Voyager Fraud, Suit Says

By Sarah Jarvis

Voyager Digital's former bank, Metropolitan Commercial Bank, has been hit with a 53-count complaint in New York federal court alleging it was complicit in bad behavior by the now-defunct crypto lender and should be on the hook for repaying platform users.

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Freshfields Lands Onetime SEC Acting Enforcement Head

By Emily Sawicki

Freshfields has added a litigation partner in its Washington, D.C., office who brings with her nearly 17 years of government experience including time as acting director of the U.S. Securities and Exchange Commission's enforcement division, according to a Monday announcement.

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SEC Taps Former Crypto Chief To Head Litigation Efforts

By Jessica Corso

The former acting chief of the U.S. Securities and Exchange Commission unit in charge of overseeing cybersecurity and cryptocurrency-related cases has been promoted to chief litigation counsel, expanding his oversight authority even as a more crypto-friendly administration is slated to enter the Oval Office in January. 

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Bochner Litigator Jumps To Gordon Rees In Bay Area

By James Mills

Gordon Rees Scully Mansukhani LLP is deepening its California bench, bringing in a Bochner PLLC litigation and transactional attorney as a partner in its San Francisco Bay Area offices.

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3 Changes Community Banks Should Expect Under Trump

A second Trump administration promises a sea change for regional and community banks, including shifts in the regulatory environment, Community Reinvestment Act rules and the M&A landscape, say attorneys at Manatt.

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How Boards And Officers Should Prep For New Trump Admin

In anticipation of President-elect Donald Trump's proposed tariffs and mass deportation campaign, company officers and board members should pursue proactive, comprehensive contingency planning to not only advance the best interests of the companies they serve, but to also properly exercise their fiduciary duty of care, say attorneys at Winston & Strawn.

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Bonus Spotlight

Mid-Law Firm Seward & Kissel Matching Milbank Bonus Scale

By Tracey Read

Seward & Kissel LLP, a Mid-Law firm with offices in New York and Washington, D.C., has joined the bonus bandwagon for associates by matching the year-end and special cash rewards set by Milbank LLP, according to media reports.

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The Top In-House Hires Of November

By Sue Reisinger

Legal department moves in the last month included high-profile announcements at CSX Corp., Cohen & Steers Inc. and Pershing Square Holdings Ltd., including two general counsel joining boards of directors. Here, Law360 Pulse looks at some of the top in-house appointments from November.

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Jackson Walker 'Extinguished' Privilege Over Judge Romance

By Lynn LaRowe

An Oregon federal judge has said Holland & Knight LLP lawyers must turn over documents regarding their advice to Jackson Walker LLP on how to handle the "debacle" of a former firm partner's intimate relationship with a former bankruptcy judge, finding Jackson Walker has "utterly extinguished" any claim to attorney-client privilege.

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Analysis

Biden's Pardon Is Another Blow To Special Counsel Probes

By Phillip Bantz

President Joe Biden's pardon of his son over the weekend marks the latest example of a special counsel investigation fizzling and raises doubts over the future use of such probes, which can drag on for years and cost taxpayers millions of dollars.

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NC Judge Is 2nd To Reverse Senior Status Plans After Election

By Courtney Bublé

A second federal judge appointed by a Democratic president has reversed his decision to take senior status in the wake of former President Donald Trump's win in the 2024 presidential election.

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Senate Sends Calif. Judge To Federal Bench

By Courtney Bublé

The U.S. Senate voted 48-43 on Monday evening to confirm California Superior Court Judge Anne Hwang to a federal judgeship in the Central District of California.

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Girardi Won't Get New Fraud Trial Despite Memory Claims

By Rae Ann Varona

A California federal judge on Monday denied Tom Girardi's bid for a new trial after a jury found he misappropriated $15 million worth of client settlement funds, standing by a prior assessment that the disbarred attorney was "exaggerating" symptoms of mild cognitive impairment.

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Hagens Berman Sued For Slice Of Atty Fee From Effexor Deal

By Rae Ann Varona

A pharmaceutical reseller's in-house counsel and founder lodged a breach of contract suit against Hagens Berman in Mississippi federal court, accusing the law firm of refusing to pay him his share of a $13 million attorney fees award stemming from an antitrust class settlement with Pfizer Inc. unit Wyeth.

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Ex-BigLaw Atty Who Killed Wife Faces Depo Over Settlement

By Jack Karp

Former Fisher Phillips partner Claud "Tex" McIver, who is serving a prison sentence for killing his wife, is set to be deposed as soon as Tuesday as part of the legal battle in Georgia state court over who is entitled to the settlement of the wrongful death suit brought by his wife's estate.

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