The parent company that owns X, the social media platform formerly known as Twitter, told a Texas bankruptcy judge that the Chapter 7 trustee in the case of right-wing conspiracy theorist Alex Jones can't sell X accounts tied to Jones and his InfoWars business because they are the property of the social media company.
Law360
Compliance
FRIDAY, NOVEMBER 29, 2024 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

X Corp. Says InfoWars Social Media Accounts Can't Be Sold

By Vince Sullivan

The parent company that owns X, the social media platform formerly known as Twitter, told a Texas bankruptcy judge that the Chapter 7 trustee in the case of right-wing conspiracy theorist Alex Jones can't sell X accounts tied to Jones and his InfoWars business because they are the property of the social media company.

Brief attached | Read full article » | Save to favorites »

Madigan Pushed Land Transfer After Law Biz Pitch, Jury Told

By Celeste Bott

A former Chicago alderman testifying against ex-Illinois House Speaker Michael Madigan told jurors Tuesday he connected prospective developers to Madigan, who lobbied to take on their legal work and soon after pushed legislation that would clear the way for their project.

Read full article » | Save to favorites »

FTC Says AI Weapons-Screening Biz Hyped Faulty Scanners

By Brian Dowling

The Federal Trade Commission on Tuesday accused Evolv Technologies of making false and unsupported claims that its AI-powered security screening products detect weapons while ignoring harmless personal items.

Complaint attached | Read full article » | Save to favorites »

NY Groups, Truckers Say Congestion Pricing Unconstitutional

By Linda Chiem

A New York teachers union, and coalitions of residents and truckers have told a federal judge that Manhattan's recently resurrected congestion pricing is still unconstitutional and discriminatory, and federal and state transportation agencies shouldn't be allowed to shake their claims just because the tolls will be reduced.

2 documents attached | Read full article » | Save to favorites »

Trailer Maker Inks DOJ Deal Over Noncitizen Employment Bias

By Lauren Berg

Trailer manufacturer Great Dane LLC agreed to pay $436,000 to resolve allegations that one of its Nebraska plants discriminated against non-U.S. citizens during the hiring process, the U.S. Department of Justice announced Monday, releasing new guidance about lawful permanent residents' employment rights.

2 documents attached | Read full article » | Save to favorites »

SECURITIES & BANKING

Netflix Ditches Investor Suit Over Account Sharing For Good

By Bonnie Eslinger

A California federal judge on Tuesday dismissed a proposed class action accusing Netflix and its executives of misleading investors about growth challenges tied to account sharing, concluding "further leave to amend would be futile," since the investor plaintiffs were already given a chance to show that statements made were misleading.

Order attached | Read full article » | Save to favorites »

Autodesk Wants Out Of Investor Suit Over Internal Controls

By Katryna Perera

Autodesk Inc. asked a California federal judge on Tuesday to toss a proposed class action alleging the software company's stock price dropped after investors learned it lacked proper internal controls due to issues with its free cash flow and operating margin practices, saying its business plan statements at issue were "forward-looking" and accompanied by "cautionary" language.

Motion attached | Read full article » | Save to favorites »

5th Circ. Says CFPB Payday Rule Can Take Effect Next Year

By Jon Hill

The Fifth Circuit said Monday that the Consumer Financial Protection Bureau can begin requiring compliance with its payday lending rule in just a few months as planned, sidestepping a request from lender trade groups to keep a court-ordered stay in place for longer. 

Order attached | Read full article » | Save to favorites »

CRYPTO & FINTECH

Crypto Miner Can't Get Quick Appeal In SEC Fraud Suit

By Jessica Corso

A Utah man accused of defrauding crypto mining investors out of $18 million must face the claims that the U.S. Securities and Exchange Commission brought against him after a lower court judge on Tuesday declined his request to send the case to the Tenth Circuit.

Order attached | Read full article » | Save to favorites »

California's Top Bank, Fintech Regulator To Exit At Year's End

By Jon Hill

The top banking and fintech regulator for California is departing from the state's Department of Financial Protection and Innovation in a little more than a month, an agency spokesperson told Law360 on Tuesday.

Read full article » | Save to favorites »

EMPLOYMENT & BENEFITS

Mass. AG Fines Burger King Franchises Over Labor Violations

By Julie Manganis

The operator of dozens of Burger King franchises in Massachusetts was hit with $2 million in citations for wage and child labor violations, the state attorney general's office announced Tuesday.

Read full article » | Save to favorites »

HEALTHCARE & LIFE SCIENCES

Pa. Nursing Home Eying Sale Seeks Fraud Sentencing Delay

By Matthew Santoni

The parent company for a troubled Western Pennsylvania nursing home asked a federal court to postpone a sentencing for defrauding state and federal healthcare programs so the company can keep trying to sell the facility, or at least relocate its residents over a longer period of time.

Motion attached | Read full article » | Save to favorites »

CYBERSECURITY & PRIVACY

Atty Sanctioned In Privacy Suit Over Dodgy Prejudice Claims

By Spencer Brewer

A Texas federal judge chided a plaintiffs' attorney during a Tuesday hearing in a privacy-related proposed class action, saying the lawyer needs a "refresher" on local rules and fining him $150 for seemingly pushing his own self-interests.

Order attached | Read full article » | Save to favorites »

COMPETITION

Google Search Judge Says AI Will Affect Remedy Phase

By Matthew Perlman

The judge overseeing the government's search monopolization case against Google suggested Tuesday in D.C. federal court that artificial intelligence is shifting the market and will likely play a role in the remedies the court imposes on Google for allegedly violating antitrust law.

Read full article » | Save to favorites »

NAR Buyer-Broker Settlement Approved Over DOJ Concerns

By Bryan Koenig

A Missouri federal judge granted final approval Tuesday to the National Association of Realtors' antitrust settlement with home sellers, signing off on a $418 million payment and changes to broker commission rules, as NAR and the plaintiffs assailed the U.S. Department of Justice for raising last-minute concerns about the deal. 

2 documents attached | Read full article » | Save to favorites »

CONSUMER PROTECTION & PRODUCT LIABILITY

Smart Devices Fail To Disclose Security Lifespan, FTC Says

By Jared Foretek

As holiday shopping gets underway, the Federal Trade Commission is raising alarm about smart device update disclosures, saying an overwhelming majority of devices – from hearing aids to home security cameras and fitness devices — come without clear information on how long the manufacturer will keep them protected from security risks.

Report attached | Read full article » | Save to favorites »

FDA Seeks Fines Against 18 Retailers Over E-Cig Sales

By Emily Field

The U.S. Food and Drug Administration said on Tuesday that it is looking to issue fines against two "brick and mortar" stores and 16 online retailers who had been previously warned over sales of unlawful electronic cigarettes.

Read full article » | Save to favorites »

TAX

IRS Confirms Commerce Payments In Chips Tax Credit

By Kat Lucero

Semiconductor development projects that received funding awards from the U.S. Commerce Department's CHIPS incentives program are considered investments that can also take advantage of the advanced manufacturing tax credit, the Internal Revenue Service confirmed Tuesday in guidance.

1 document attached | Read full article » | Save to favorites »

ENERGY & ENVIRONMENTAL

Illinois Landowners Blast FERC Moves On $7B Power Line

By Keith Goldberg

The Federal Energy Regulatory unlawfully amended a negotiated rate authority for the $7 billion Grain Belt Express high-voltage power line despite not sanctioning a 2020 change in project ownership, Illinois residents, farmers and landowners told the D.C. Circuit Monday.

Brief attached | Read full article » | Save to favorites »

EPA Asks Justices Not To Block Coal Ash Rule

By Madeline Lyskawa

U.S. Solicitor General Elizabeth B. Prelogar called on the U.S. Supreme Court Tuesday to reject a Kentucky electric utility's effort to halt a U.S. Environmental Protection Agency rule strengthening federal regulations requiring safe management of coal ash.

Brief attached | Read full article » | Save to favorites »

EPA Overstepped With Methane Control Rule, DC Circ. Told

By Juan-Carlos Rodriguez

The U.S. Environmental Protection Agency's methane control requirements for oil and gas infrastructure infringe on states' authority to tailor their own regulations, Republican-led states and fossil fuel industry groups told the D.C. Circuit Monday.

2 documents attached | Read full article » | Save to favorites »

Brief

Mohawk Sues PFAS Manufacturers For Fraud

By Kelcey Caulder

The world's largest flooring manufacturer has sued 3M Co., E.I. du Pont de Nemours and Co., The Chemours Co., and Daikin America Inc. in Georgia state court, alleging the chemical manufacturers lied about the dangers of so-called forever chemicals in order to trick the company into purchasing their products.

Complaint attached | Read full article » | Save to favorites »

EXPERT ANALYSIS

2nd Circ. AmTrust Decision Shows Audit Reports Still Matter

Though the Second Circuit eventually found on reconsidering a case over the high-profile accounting meltdown at AmTrust that audit reports are material to investors, its previous contrary holding highlights the seriousness of the ongoing crisis of confidence in the audit report, say attorneys at Bernstein Litowitz.

1 document attached | Read full article » | Save to favorites »

Best Practices For Effective Employee Assistance Programs

Employee assistance programs can be a powerful tool for establishing health and wellness initiatives in workplaces, and certain implementation steps can help both employers and workers gain maximum benefit from EAPs, say attorneys at Foley & Lardner.

Read full article » | Save to favorites »

With Precautions, AI Can Help With Suspicious Activity Filings

While artificial intelligence can enhance suspicious activity report processes, financial services firms should review applicable expectations and areas of deficiencies that can lead to enforcement actions before using AI to help write SARs, say attorneys at Jenner.

Read full article » | Save to favorites »

Opinion

FTC Actions In Oil Cases Go Against Its Own Rulemaking

Two recent Federal Trade Commission actions concerning the oil and gas industry appear to defy its own merger guidelines, with allegations that fall far short of the commission's own standard — raising serious questions about the agency's current approach, say attorneys at Clifford Chance.

Read full article » | Save to favorites »

Series

Flying Makes Me A Better Lawyer

Achieving my childhood dream of flying airplanes made me a better lawyer — and a better person — because it taught me I can conquer difficult goals when I leave my comfort zone, focus on the demands of the moment and commit to honing my skills, says Ivy Cadle at Baker Donelson.

Read full article » | Save to favorites »

LEGAL INDUSTRY

Bonus Spotlight

Bonus Season Heats Up As More Firms Match Milbank's Scale

By Xiumei Dong

The 2024 associate bonus season is heating up, with more law firms matching Milbank LLP's year-end and special bonuses and U.K. firms extending the same offering to their U.S.-based attorneys, according to firm memos shared with Law360 Pulse and media reports.

Read full article » | Save to favorites »

King & Spalding Partner Selected As Trump's Trade Rep

By Hailey Konnath

President-elect Donald Trump on Tuesday announced that King & Spalding LLP international trade partner Jamieson L. Greer was his pick for U.S. trade representative, noting that Greer played a "key role" in imposing tariffs on China during Trump's first term.

Read full article » | Save to favorites »

Texas Atty Sanctioned For Citing Bogus Cases After Using AI

By Lynn LaRowe

A Texas lawyer pursuing a wrongful termination lawsuit against Goodyear Tire & Rubber Co. has been sanctioned for submitting a brief that included citations to nonexistent cases generated by an artificial intelligence tool, a Texas federal judge ordered this week.

Opinion attached | Read full article » | Save to favorites »

Affinity Bar Groups Decry Colo. No-Poach Restrictions

By Thy Vo

Several attorney groups told Colorado's justices that barring lawyers from recruiting colleagues before officially leaving a firm would take away professional autonomy and harm lawyers from underrepresented backgrounds the most, filing briefs in support of a lawyer's challenge to her contract with a personal injury firm. 

3 documents attached | Read full article » | Save to favorites »

Fulton County DA Seeks To Reinstate Trump Election Charges

By Emily Johnson

The Fulton County District Attorney's Office told the Georgia Court of Appeals on Monday that six criminal charges against President-elect Donald Trump and others should be reinstated as they have an "abundance" of information to prepare their defense against allegations of trying to subvert the results of the November 2020 election.

Brief attached | Read full article » | Save to favorites »

Giuliani's New Atty Faults Previous Counsel As NY Trial Nears

By Pete Brush

A Manhattan federal judge declined Tuesday to delay a January trial over whether Rudy Giuliani must turn over his Florida condo and World Series rings to fund a $148 million defamation judgment, after the former New York City mayor's new lawyer criticized outgoing counsel.

Read full article » | Save to favorites »

Ex-Faegre Drinker Atty Files Disability Bias Suit

By Andrea Keckley

Faegre Drinker Biddle & Reath LLP was hit with a disability discrimination lawsuit on Monday by a Denver attorney who says she was pushed out after seeking accommodations for hip problems.

Complaint attached | Read full article » | Save to favorites »

NJ Equal Pay Law Date Will Guide Atty's Discrimination Suit

By Irene Spezzamonte

Discovery and damages in a former Reed Smith LLP labor and employment attorney's suit claiming gender discrimination will be limited to the effective date of New Jersey equal pay law, a state judge ruled, saying the law doesn't apply retroactively.

Opinion attached | Read full article » | Save to favorites »

Fla. Bar Alleges Atty Delayed Trial Over His Broken Tooth

By Dorothy Atkins

The Florida Bar has launched a complaint against a criminal attorney in the Florida Supreme Court, accusing him of violating state bar rules by refusing to proceed with a jury trial because he had a broken tooth.

Complaint attached | Read full article » | Save to favorites »

Promo that reads Associate Salary and Bonus Tracker with a photo of hundred-dollar bills above Promo that reads Law360 Pulse Leaderboard

LAW FIRMS IN TODAY'S NEWS

A&O Shearman

Alston & Bird

Baker & Hostetler

Baker Botts

Baker Donelson

Bernstein Litowitz

Boulware Law

Breen & Pugh

Brown Hay

Byron Carlson

Carmagnola & Ritardi

Clark Hill

Cleary Gottlieb

Clifford Chance

Cohen Milstein

Cooley LLP

Cravath Swaine

Debevoise & Plimpton

Dechert LLP

DuBose Miller

Elliott Thomason

Faegre Drinker

Flannery Georgalis

Foley & Lardner

Franklin D. Azar & Associates

Glancy Prongay

Hagens Berman

Hawash Cicack

Hedin LLP

Hunton Andrews

Jenner & Block

Jones Day

Jones Murray LLP

K&L Gates

Kaplan Hecker

Katten Muchin

Ketchmark & McCreight

King & Spalding

Kirkland & Ellis

Koskoff Koskoff

Latham & Watkins

Law Offices of Paul G. Neilan

Littler Mendelson

Lowrey Parady

McGuireWoods

Milbank LLP

Monaco Cooper

Nossaman LLP

Patterson Belknap

Paul Weiss

Porter Hedges

Primera Law Group

Reed Smith

Robbins Geller

Ropes & Gray

Seward & Kissel

Sidley Austin

Sive Paget

Skadden Arps

Spilman Thomas

Squire Patton

Steptoe LLP

Stinson LLP

Susman Godfrey

Taft Stettinius

Taylor Law Offices PC

Troutman Pepper

UB Greensfelder

Vinson & Elkins

Williams & Connolly

Williams Dirks

Williams Weese

Willkie Farr

Wilson Sonsini

COMPANIES IN TODAY'S NEWS

3M Co.

Alphabet Inc.

AmTrust Financial Services Inc.

American Petroleum Institute Inc.

American Trucking Associations Inc.

Anywhere Real Estate Inc.

Autodesk Inc.

BDO LLP

BDO USA LLP

Berkshire Hathaway Energy GT&S

Burger King Holdings Inc.

Chevron Corp.

Coinbase Global Inc.

Community Financial Corp.

Comprehensive Healthcare

DuPont de Nemours Inc.

Ernst & Young LLP

Exxon Mobil Corp.

Financial Industry Regulatory Authority Inc.

First Republic Bank

Google LLC

Great Dane LLC

Hess Corp.

HomeServices of America Inc.

Illinois Farm Bureau

Independent Petroleum Association of America

Invenergy LLC

KPMG International

Keller Williams Realty Inc.

LinkedIn Corp.

Marcum LLP

McAfee Inc.

Medical Properties Trust Inc.

Meta Platforms Inc.

Metropolitan Transportation Authority

Microsoft Corp.

Mohawk Industries Inc.

NASDAQ Inc.

National Association of Realtors

National Retail Federation Inc.

Netflix Inc.

New Jersey Transit Corp.

New York Yankees

Pacific Bells LLC

Phibro Animal Health Corp.

Pioneer Natural Resources Co.

Public Co. Accounting Oversight Board

SVB Financial Group

Slack Technologies Inc.

The Chemours Co.

The Florida Bar

The Goodyear Tire & Rubber Co.

Twitter Inc.

Uber Technologies Inc.

United Federation of Teachers

Weis Markets Inc.

Wells Fargo & Co.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Arizona Legislature

Colorado Supreme Court

Committee on Foreign Investment in the United States

Consumer Financial Protection Bureau

Energy Information Administration

Equal Employment Opportunity Commission

Federal Aviation Administration

Federal Energy Regulatory Commission

Federal Highway Administration

Federal Trade Commission

Florida Supreme Court

Food and Drug Administration

Georgia Court of Appeals

Georgia General Assembly

Illinois Supreme Court

Internal Revenue Service

Missouri Public Service Commission

NAFTA

National Economic Council

New Jersey Attorney General's Office

New Jersey Supreme Court

New York Attorney General's Office

New York State Department of Transportation

Office of the Comptroller of the Currency

Office of the U.S. Trade Representative

U.S. Air Force

U.S. Attorney's Office for the Northern District of Illinois

U.S. Attorney's Office for the Southern District of New York

U.S. Attorney's Office for the Western District of Pennsylvania

U.S. Court of Appeals for the District of Columbia Circuit

U.S. Court of Appeals for the Fifth Circuit

U.S. Court of Appeals for the Second Circuit

U.S. Customs and Border Protection

U.S. Department of Energy

U.S. Department of Justice

U.S. Department of Labor

U.S. Department of Transportation

U.S. District & Bankruptcy Courts of Southern District of Texas

U.S. District Court for the Central District of California

U.S. District Court for the District of Columbia

U.S. District Court for the District of Massachusetts

U.S. District Court for the Eastern District of Texas

U.S. District Court for the Middle District of Pennsylvania

U.S. District Court for the Northern District of California

U.S. District Court for the Northern District of Illinois

U.S. District Court for the Northern District of Texas

U.S. District Court for the Southern District of New York

U.S. District Court for the Western District of Missouri

U.S. District Court for the Western District of Pennsylvania

U.S. Environmental Protection Agency

U.S. Securities and Exchange Commission

U.S. Supreme Court

United States District Court for the District of Colorado

United States District Court for the District of Utah