Analysis

5 Takeaways From Texas Stock Exchange's SEC Filing

By Tom Zanki

The newly formed Texas Stock Exchange LLC is proposing rules that largely resemble those of the New York heavyweights it seeks to challenge, along with some notable differences, leaving questions on how the exchange will distinguish itself. Here are five takeaways from TXSE's securities filing.

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Ill. Justices To Weigh Scope Of Standard Pollution Exclusions

By Ganesh Setty

The Illinois Supreme Court will consider whether pollution exclusions in standard-form commercial general liability policies apply to industrial emissions allowed under a regulatory permit, the court said Thursday, agreeing to take up a question certified by the Seventh Circuit.

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Trump Admin Pushes Ahead With New Offshore Oil Leases

By Juan-Carlos Rodriguez

The U.S. Department of the Interior on Friday said it's "unlocking the full potential" of offshore oil and gas lease sales on the U.S. Outer Continental Shelf, a rebuke to the Biden administration's conservative approach to development.

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Enviro Groups Tell 10th Circ. Denver's Dam Appeal Ill-Timed

By Juan-Carlos Rodriguez

Environmental groups have asked the Tenth Circuit to preserve a lower court's order halting construction on a Denver dam, saying a stay requested by the city was filed prematurely.

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Apache Ask High Court For Quick Ruling In Oak Flat Land Row

By Crystal Owens

An Apache nonprofit behind the effort to save an ancient worship site from destruction in Arizona is urging the U.S. Supreme Court to quickly rule on its petition after the federal government announced it is moving forward with plans to transfer the site to Resolution Copper for mining.

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OxyChem Unit Settles Bid To Share Ohio Derailment Blame

By Matthew Santoni

Chemical shipper OxyVinyls Inc. and Norfolk Southern struck a deal toward the end of a trial seeking to spread the blame — and the cost of a $600 million settlement — for the 2023 derailment in East Palestine, Ohio.

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Up Next At High Court: Preventive HealthCare & LGBTQ Books

By Katie Buehler

The U.S. Supreme Court will hear arguments in five cases this week, including disputes over the constitutionality of a task force that sets preventive healthcare coverage requirements, a school district's introduction of LGBTQ-themed storybooks and whether parties can establish standing based on harms affecting third parties. 

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Traversing The Shifting Sands Of ESG Reporting Compliance

Multinational corporations have increasingly found themselves between a rock and a hard place attempting to comply with EU and California ESG requirements while not running afoul of expanding U.S. anti-ESG regimes, but focusing on what is material to shareholder value and establishing strong governance can help, say attorneys at MoFo.

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An Unrestrained, Bright-Eyed View Of Legal AI's Future

Todd Itami at Covington offers a bright-eyed, laughing-all-the-way, skydive look at what the legal industry could look like after an artificial intelligence revolution, which he believes may happen much sooner and more dramatically than we expect.

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WilmerHale, Feds Dispute Reach Of Trump Order Against Firm

By Jack Karp

WilmerHale and the U.S. Department of Justice traded salvos in the BigLaw firm's challenge to President Donald Trump's executive order targeting it, with the firm and the government offering "starkly different" versions of what's at stake in the dispute.

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Ex-Katten Partner Hits Firm With $67M Age Bias Suit

By Lauren Berg

A former Katten Muchin Rosenman LLP partner launched a $67 million discrimination lawsuit against his one-time firm in New York federal court, alleging he was pushed out of the aircraft-finance practice group, pressured to resign and then fired because of the firm CEO's "stereotyped views of lawyers in their 60s."

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Joel Katz, Music Law's Longtime Power Broker, Dies At 80

By Chart Riggall

Joel Katz, the powerful music industry lawyer who co-founded Greenberg Traurig LLP's media and entertainment practice and helped bring the firm to the Atlanta market, has died at the age of 80, Law360 confirmed Friday.

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Sunoco Accused Of Age Bias By Ex-Chief Counsel

By Gina Kim

A former chief counsel for Sunoco LP sued her ex-employer in Texas state court Wednesday, alleging she was denied promotional opportunities and later terminated due to her age, while also accusing the company of replacing attorneys older than 50 with significantly younger attorneys with less experience.

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How They Won It

How Manatt Beat A Crypto Trader's 'Code As Law' Defense

By Aislinn Keely

After a crypto user exploited a software bug to create millions of dollars' worth of new tokens from a blockchain network, a Manatt Phelps & Phillips LLP team defeated his claim to the tokens — and won an award worth millions — by showing that faulty code can't stand in for rule of law.

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Justices Temporarily Block Removals Under Wartime Law

By Britain Eakin

The U.S. Supreme Court on Saturday ordered the Trump administration to halt removals of alleged Venezuelan gang members detained in Texas under the 1798 Alien Enemies Act, pending further input from the court.

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High Court's Pause Of Removals Was 'Premature,' Alito Says

By Katie Buehler

The U.S. Supreme Court's decision early Saturday morning to prohibit the Trump administration from using a 1798 wartime law to remove alleged Venezuelan gang members detained in northern Texas to an El Salvadoran prison was hasty and premature, Justice Samuel Alito wrote in a dissent joined by Justice Clarence Thomas.

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Ex-DOJ Atty Convicted In 1MDB Case Ordered Disbarred In NY

By Craig Clough

A New York appellate court ordered Wednesday that a former U.S. Department of Justice attorney be disbarred due to his felony conviction as part of a sprawling, billion-dollar fraud scandal connected to 1Malaysia Development Berhad and Fugees founder Pras Michél.

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Judge Nixes Feds' DQ Bid In Migrant Kids Legal Funding Case

By Ryan Boysen

A California federal judge has denied the Trump administration's bid to remove her from a lawsuit challenging funding cuts that prevent attorneys from representing child migrants, ruling her employment at one of the plaintiffs nearly seven years ago doesn't undermine her impartiality.

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PTAB Judge Heads To Boutique, Citing Return-To-Office Order

By Andrew Karpan

An outgoing Patent Trial and Appeal Board judge based in Austin, Texas, tells Law360 that President Donald Trump's return-to-office order was a "significant factor" in her decision to return to private practice, joining boutique patent firm Smith Baluch LLP as a partner.

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Judiciary Faces Security Risks Amid Spending Freeze

By Courtney Bublé

The federal judiciary is warning congressional appropriators that funding shortfalls could threaten courthouse security.

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Wis. Sens. Renew Bipartisan Judicial Nomination Commission

By Courtney Bublé

The Republican and Democratic senators from Wisconsin announced Friday they are renewing their bipartisan commission to recommend U.S. attorney and judicial nominees to the president.

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GC Cheat Sheet: The Hottest Corporate News Of The Week

By Sue Reisinger

Google and its chief legal officer have now lost two major antitrust cases to DOJ prosecutors after a federal judge ruled Thursday the search engine monopolized markets and servers related to display advertising. Meanwhile, a new study shows companies are disclosing their business risks, and how they are trying to mitigate those risks, amid changing tariffs and the uncertainty of the U.S.-China trade war. These are some of the stories in corporate legal news you may have missed in the past week.

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Law360's Legal Lions Of The Week

By Kevin Penton

Schlichter Bogard LLC and the University of Virginia School of Law Supreme Court Litigation Clinic lead this week's edition of Law360 Legal Lions, after the U.S. Supreme Court revived a class action from Cornell University workers who said their retirement plans were saddled with excessive fees.

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In Case You Missed It: Hottest Firms And Stories On Law360

For those who missed out, here's a look back at the law firms, stories and expert analyses that generated the most buzz on Law360 last week.

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