GE Inks $362.5M Settlement In Investors' Stock Fraud Suit

By Lauren Berg

General Electric Co. shareholders asked a Manhattan federal judge to greenlight a $362.5 million settlement resolving long-running litigation on the cusp of trial that alleged the industrial giant's stock price plummeted after it was revealed the company fraudulently concealed cash flow problems.

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

Disney Strikes $43M Deal To End Calif. Pay Bias Suit

By Patrick Hoff

The Walt Disney Co. agreed to pay $43.25 million to settle a class action claiming the entertainment giant paid thousands of women in middle management less than their male colleagues, according to a filing in California court.

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

Warner Bros. Hit With Investor Suit Over Failed NBA Deal

By Hailey Konnath

Warner Bros. Discovery Inc. investors Monday filed a proposed class action claiming that the entertainment company and its top brass made false and misleading statements about how negotiations with the NBA were really going and the state of its overall business and financial prospects.

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

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 »

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 »

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 »

Mexico Floats Retaliation Against New Trump Tariffs

By Alex Lawson

Hours after President-elect Donald Trump threatened new tariffs on China, Canada and Mexico, Mexican President Claudia Sheinbaum signaled that her government would respond with levies of its own Tuesday, imploring Trump to take a more diplomatic approach.

Read full article » | Save to favorites »

Susman Godfrey Riding 'Coattails' In $147.5M Deal, Court Told

By Craig Clough

Susman Godfrey LLP should be denied fees for representing objectors to a $147.5 million global settlement of a life insurance proposed class action in Connecticut, class counsel has argued, saying the firm sought to "impede" rather than secure the deal and only rode class counsel's "coattails."

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

X Partially Revives Lawsuit Against Israeli Data Scraping Firm

By Craig Clough

X Corp. partially revived its lawsuit Tuesday against Israeli data scraping firm Bright Data after a California federal judge allowed the social media company to amend some of its claims and add new ones, finding X now plausibly alleges the defendant's "sophisticated efforts" to access the platform caused harm.

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

Split 4th Circ. Won't Review Duke Monopoly Suit Revival

By Dorothy Atkins

A split Fourth Circuit denied on Tuesday an en banc review petition challenging a decision reviving antitrust allegations against Duke Energy, with the majority writing that granting the review would waste judicial resources, and a dissenting judge slamming the majority for purportedly being at odds with U.S. Supreme Court precedent.

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

Del. Justices Uphold Chancery Toss Of No-Compete Suit

By Jeff Montgomery

Delaware's Supreme Court has backed a Court of Chancery finding that private equity firm Court Square Capital Management wrongly withheld nearly $5.4 million in carried interest payments from former partner Kevin Brown after he was accused — three years after his 2016 departure — of violating a no-compete agreement.

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

Wells Fargo Dodges 2nd Circ. Rehearing In $500M Plunge Suit

By Sydney Price

The Second Circuit has rejected a rehearing bid by two investors seeking to revive their proposed class action accusing Wells Fargo Securities LLC of causing a Chicago fund manager lose at least $500 million by wrongfully forcing the liquidation of its mutual fund and other investments.

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

Amazon Not Liable For Chemical Used In Suicides, Panel Says

By Greg Lamm

A Washington state appeals court on Monday said Amazon can't be sued for the online sale of a chemical that four people used to kill themselves, in an opinion that said the state's product liability law has not caught up with the "previously unfathomable accessibility to instrumentalities of death."

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

Paul Hastings Seeks GenapSys CEO Depo In Malpractice Suit

By James Mills

Paul Hastings LLP has called on a California court to compel the founder and former CEO of GenapSys to sit for a deposition in a legal malpractice suit alleging that the firm improperly drafted board documents that invited an expensive lawsuit and led to the genetic sequencing company's "demise and liquidation."

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

Split 5th Circ. Backs NLRB's Finding On Worker's Firing

By Emily Brill

A company that supplies staff to a food distributor violated federal labor law by firing a worker who went directly to the distributor with her wage concerns, a split Fifth Circuit found, upholding a National Labor Relations Board finding.

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

Insys Founder Kapoor Dropped From Del. Opioid Harm Suit

By Jeff Montgomery

A Delaware state court has dropped Insys Therapeutics Inc. founder John N. Kapoor from a 6-year-old lawsuit that originally sought damages from Insys, Kapoor and several Delaware opioid prescribers and suppliers, ruling that the state lacked jurisdiction to pursue him for alleged harm to three state residents, two of them pain management patients.

2 documents 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 »

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 »

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 »

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 »

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 »