BakerHostetler and Crowell & Moring LLP appear close to settling a malpractice suit claiming the firms aided and abetted a network of predatory websites, just days after a Florida federal judge authorized discovery into the former client's Slack messages.
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BakerHostetler, Crowell On Verge Of Settling Client Scam Suit

By Ryan Boysen

BakerHostetler and Crowell & Moring LLP appear close to settling a malpractice suit claiming the firms aided and abetted a network of predatory websites, just days after a Florida federal judge authorized discovery into the former client's Slack messages.

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Archegos Jury Gets Glimpse At Founder's Earlier Legal Woes

By Pete Brush

A banker told a Manhattan jury Wednesday that Archegos founder Bill Hwang's 2012 run-in with the law at his previous hedge fund was concerning, but details were largely kept from jurors hearing charges against Hwang over Archegos's $36 billion collapse.

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Autonomy Founder Pushed Sales Team Hard, Jury Hears

By Bonnie Eslinger

A federal prosecutor cross-examining ex-Autonomy CEO Michael Lynch on Wednesday in a criminal fraud trial over claims the British tech tycoon conned HP into overpaying billions for his software company sought to portray Lynch as an overbearing leader who put intense pressure on his team to generate "revenue revenue revenue."

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FDA Sued Over Controversial Lab Test Rule

By Mark Payne

A clinical lab trade group that has been highly critical of the U.S. Food and Drug Administration's new final rule on laboratory-developed tests filed a lawsuit late Wednesday, saying the agency doesn't have the authority to regulate the tests as medical devices.

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Neoprene Co. Calls EPA Rule Deadline 'Surprise Switcharoo'

By Juan-Carlos Rodriguez

A Louisiana-based neoprene manufacturer is asking the D.C. Circuit to immediately block the U.S. Environmental Protection Agency from enforcing a chemical emissions rule that will directly impact the company.

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NY Jury Eyes Trump Tower 'Conspiracy' As Deliberations Start

By Frank G. Runyeon, Rachel Scharf and Stewart Bishop

Jurors in Donald Trump's criminal hush money trial ended their first day of deliberations Wednesday without a verdict, as the panel appeared to home in on testimony about a key 2015 meeting where the alleged scheme was hatched.

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CORPORATE

Chancery Pins Down Musk, Tesla On Pay Bid, Del. Jurisdiction

By Jeff Montgomery

Delaware's chancellor has nailed Elon Musk, Tesla Inc. and their counsel to assurances that the company won't flee state corporate law jurisdiction and a potentially massive stockholder attorney fee dispute by rushing votes on a struck-down, $56 billion compensation plan for Musk and proposed reincorporation in Texas.

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SECURITIES & BANKING

11th Circ. Backs SEC Win In Trader's Challenge To 'Dealer' Tag

By Katryna Perera

An Eleventh Circuit panel on Wednesday affirmed the U.S. Securities and Exchange Commission's win in a suit accusing a microcap stock trader of earning $21.5 million while operating as an unregistered dealer, further solidifying the regulator's argument that so-called toxic lenders are considered unregistered dealers.

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5th Circ. Stays Transfer Of Suit Over CFPB's Late Fee Rule

By Jon Hill

The Fifth Circuit on Wednesday halted the transfer of a banking industry lawsuit against the Consumer Financial Protection Bureau's $8 credit card late fee rule, again intervening in the case less than a day after a Texas federal judge ordered it sent to Washington, D.C., for a second time.

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CFPB Says Citi 'Wrong' On Wire Transfer Rules In NY Suit

By Jon Hill

The Consumer Financial Protection Bureau is backing New York's attorney general in a lawsuit accusing Citibank NA of failing to adequately protect customers from online wire transfer fraud, arguing the bank is "wrong" about what rules govern its obligations to scam victims.

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SEC Says Asia-Focused Fund Firm Misled Its Investors

By Emilie Ruscoe

A now-shuttered Asia-focused investment adviser and its CEO have agreed to pay fines totaling $600,000 as part of a deal to end U.S. Securities and Exchange Commission allegations they misled investors about certain details of their portfolios, including a key metric for assessing the risks they faced, and failed to disclose a conflict of interest.

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CRYPTO & FINTECH

Bankrupt BlockFi Agrees To $150k Penalty In Conn. Bond Row

By Parker Quinlan

Bankrupt cryptocurrency lender BlockFi has reached a deal with Connecticut's banking regulator to pay a $150,000 civil penalty over claims the company failed to maintain a required surety bond, and a decision in November 2020 to halt account withdrawals from the platform.

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EMPLOYMENT & BENEFITS

Benefits Trade Group Urges Changes To New York PBM Regs

By Kellie Mejdrich

A trade group representing large employers who sponsor employee benefit plans warned New York's insurance regulator that a proposal affecting pharmacy benefit managers — which act as intermediaries between pharmacies, drugmakers and insurers — will trigger litigation without changes before they're finalized to eliminate conflicts with federal benefits law.

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HEALTHCARE & LIFE SCIENCES

Whistleblower Counsel Can't Get 'Exorbitant' $11.5M Fee

By Brian Dowling

A Boston federal judge slashed an "exorbitant" $11.5 million fee request made by counsel for a False Claims Act whistleblower in a case involving lab testing company Fresenius Medical Care, hammering the attorneys for inflated hourly rates, inflated time entries and a host of questionable billing practices.

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CYBERSECURITY & PRIVACY

TikTok Ban Gets Expedited Sept. Hearing Date At DC Circ.

By Gina Kim

The D.C. Circuit on Tuesday agreed to expedite the briefing schedule for a constitutional challenge against a federal law banning TikTok from the United States unless it severs its ties with its Chinese parent company, ByteDance Ltd., with oral arguments set to be heard this fall. 

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COMPETITION

DOJ Requests More Info On $2.2B Employee Screening Deal

By Matthew Perlman

The U.S. Department of Justice has requested more information about employment screening company First Advantage Corp.'s planned $2.2 billion purchase of rival Sterling Check Corp., extending the review period for the merger.

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Google, Apple Say Nothing New To Revive Search Pact Suit

By Bryan Koenig

Google and Apple urged a California federal judge not to revive a private lawsuit accusing Google of paying Apple not to produce its own search engine, arguing the consumers have nothing new in citing months-old revelations from the Justice Department's search monopolization case against Google.

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Handbag Cos. Seek FTC In-House Delay For Fed. Court Row

By Bryan Koenig

Tapestry and Capri are asking the Federal Trade Commission to delay an in-house challenge to the planned $8.5 billion merger combining the parent companies of Coach and Michael Kors, arguing the FTC's separate request for a preliminary injunction in New York federal court should take precedence.

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CONSUMER PROTECTION & PRODUCT LIABILITY

New Colo. Law Targets AI Deepfakes In Political Ads

By Daniel Ducassi

Colorado Gov. Jared Polis has signed a bill that aims to crack down on the malicious use of artificial intelligence for producing political messaging.

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TAX

Treasury Details Which Tech Would Get Clean Energy Credits

By David van den Berg

Treasury released proposed rules Wednesday outlining which technologies would qualify for new zero-emission energy tax credits, saying wind, solar and geothermal are among those that would make the cut.

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TELECOMMUNICATIONS

Interview

6 Questions For FCC Commissioner Anna Gomez

By Christopher Cole

A year after she was nominated for the Federal Communications Commission's third Democratic seat, Anna Gomez says she's steadily progressing toward goals tied to connectivity, innovation, public safety and media localism in what she calls the "best job I've had in my career."

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FCC Chief Floats Plan To Cut Down On Orbital Satellite Debris

By Christopher Cole

The Federal Communications Commission's chair proposed new rules Wednesday aiming to reduce the chances of spacecraft explosions that leave debris in orbit.

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ENERGY & ENVIRONMENTAL

PJM Watchdog Challenges FERC's Meeting Roadblock

By Jared Foretek

Monitoring Analytics, the independent market monitor for regional transmission organization PJM Interconnection, is asking the D.C. Circuit to review a Federal Energy Regulatory Commission order from March allowing PJM to keep the monitor out of its liaison committee meetings.

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EPA Inspector General Decries Lack Of Funding To Congress

By Madeline Lyskawa

U.S. Environmental Protection Agency Inspector General Sean W. O'Donnell expressed concern over his office's lack of funding in a report to Congress on Wednesday, saying the 2024 budget is lower than it was 13 years ago, despite increased oversight responsibilities and personnel costs.

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PEOPLE

White & Case Hires DOJ Russian Sanctions Prosecutor

By Matt Perez

White & Case LLP has hired a veteran U.S. Department of Justice attorney who helped oversee an interagency task force that prosecuted violations of economic sanctions and restrictions placed on Russia following its invasion of Ukraine, the firm said Wednesday.

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EXPERT ANALYSIS

Fintech Compliance Amid Regulatory Focus On Sensitive Data

The Consumer Financial Protection Bureau's recent, expansive pursuit of financial services companies using sensitive personal information signals a move into the Federal Trade Commission's territory, and the path forward for fintech and financial service providers involves a balance between innovation and compliance, say attorneys at Wilson Sonsini.

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4 Arbitration Takeaways From High Court Coinbase Ruling

The U.S. Supreme Court's May 23 decision in Coinbase v. Suski, which provides clarity to parties faced with successive contracts containing conflicting dispute resolution provisions, has four practical impacts for contracting parties to consider, say Charles Schoenwetter and Eric Olson at Bowman and Brooke.

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Cos. Must Stay On Alert With Joint Employer Rule In Flux

While employers may breathe a sigh of relief at recent events blocking the National Labor Relations Board's proposed rule that would make it easier for two entities to be deemed joint employers, the rule is not yet dead, say attorneys at ​​​​​​​Day Pitney.

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Series

Playing Music Makes Me A Better Lawyer

My deep and passionate involvement in playing, writing and producing music equipped me with skills — like creativity, improvisation and problem-solving — that contribute to the success of my legal career, says attorney Kenneth Greene.

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LEGAL INDUSTRY

More Law Firms Are Relocating, Signing New Leases In 2024

By Dorothy Atkins

More law firms have relocated or renewed their office leases in the first quarter of 2024 than during the same period over the last four years, continuing a post-pandemic trend that began late last year as more firms made moves, according to a recent report by real-estate services company Savills.

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Greenberg Traurig Gets 30-Year Tax Break From Saudi Arabia

By Tracey Read

Greenberg Traurig LLP is among the first law firms to get licensed as a regional headquarters, or RHQ, company in Saudi Arabia, allowing the firm to take advantage of a major tax break, the firm announced Tuesday.

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From Virtual Roots, Husch Blackwell To Grow Nashville Office

By Aebra Coe

After hiring eight attorneys based in Nashville, Tennessee, through its fully remote Link office over the past year, Husch Blackwell announced plans Wednesday to open a brick-and-mortar location in the city, to be led by intellectual property partner Tim Capria.

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Alito Won't Recuse From Jan. 6 Cases Over Flag Controversy

By Katie Buehler

U.S. Supreme Court Justice Samuel Alito announced Wednesday that he will not recuse himself from deciding cases related to the Jan. 6, 2021, riot at the U.S. Capitol or former President Donald Trump's criminal immunity following reports that two flags used by protesters of Trump's 2020 election loss were flown outside his houses.

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Coverage Recap: Day 1 Of Deliberations In Trump's NY Trial

By Stewart Bishop

Law360 reporters are providing live updates from the Manhattan criminal courthouse as Donald Trump goes on trial for allegedly falsifying business records related to hush money payments ahead of the 2016 election. Here's a recap from the first day of deliberations Wednesday.

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Colo. Suspends Ex-Trump Atty For Aiding Ga. Election Lies

By Thy Vo

A Colorado disciplinary judge has suspended Jenna Lynn Ellis from practicing law in the state for three years over her guilty plea in a Georgia election interference case, after the former attorney and legal adviser to Donald Trump disavowed her actions in a letter that admitted, "I was wrong."

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Menendez Trial Judge Sticks With Order Barring Texts

By Carla Baranauckas

The federal judge presiding over the corruption trial of U.S. Sen. Robert Menendez announced Wednesday that he is holding firm to his decision barring prosecutors from using text messages to bolster their claims that the New Jersey Democrat took bribes in exchange for authorizing millions of dollars in aid for Egypt.

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Wash. Man Charged With Threatening To Kill Judge

By Madison Arnold

A Washington man is charged with intimidating a judge on allegations he threatened to kill Asotin County Superior Court Judge Brooke Burns, as well as her dog, Motley, after she oversaw his guilty plea to charges alleging he made threats to shoot up an elementary school and a county fair parade.

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Quinn Emanuel Atty Ducks Sanctions Over Musk Deposition

By Jake Maher

Quinn Emanuel Urquhart & Sullivan LLP partner Alex Spiro beat an attempt to sanction him for alleged "astonishingly unprofessional" conduct at a deposition while defending billionaire and investor Elon Musk from a defamation suit in Texas state court, but the suit survived a motion to dismiss, according to an order signed Wednesday.

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Interview

Acting Boston US Atty Says Fraud Cases Still High Priority

By Julie Manganis

Prosecuting a range of fraud cases despite finite resources will remain a priority for Massachusetts acting U.S. Attorney Joshua Levy as he enters his second year in the job, he told reporters on Wednesday in a question and answer session at his office.

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Meta's Policy On Threats List 'Sounds Nefarious,' Judge Says

By Dorothy Atkins

The California federal judge overseeing claims Meta blacklists certain adult performers questioned the social media giant's practice of keeping its list of dangerous organizations and individuals as a "living document" that changes constantly and isn't archived, saying the policy appears to destroy evidence and "sounds nefarious."

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LAW FIRMS IN TODAY'S NEWS

Alioto Law Firm

Andrews & Springer

Ashby & Geddes

Baker & Hostetler

Baker Donelson

Barnes & Thornburg

Bass Berry

Bernstein Litowitz

Bird Marella

Bonsignore Trial Lawyers

Bowman & Brooke

Bracewell LLP

Bradley Arant

Buchalter APC

Cantey Hanger

Clifford Chance

Covington & Burling

Cravath Swaine

Crowell & Moring

DLA Piper

Damian & Valori

Davis Wright Tremaine LLP

Day Pitney

Dentons

Dewsnup King

Dowd Bennett

Durrell Law Group

Farrar & Ball

Finnegan

Friedman Kaplan

Friedman Oster

Gibbons PC

Gibson Dunn

Greenberg Traurig

Gunster Yoakley

Hogan Lovells

Holland & Knight

Husch Blackwell

Jones Day

Jones Walker

King & Spalding

Kirkland & Ellis

Kramer Levin

Latham & Watkins

Law Offices of Lawrence G. Papale

Manatt Phelps

Mayer Brown

Milberg Coleman

Mishcon de Reya

Mitrani Rynor

Morris Nichols

NechelesLaw

O'Melveny & Myers

Orrick Herrington

Parsons Behle

Patterson Belknap

Paul Hastings

Paul Weiss

Quinn Emanuel

Richards Layton

Richilano Shea

Ropes & Gray

Ross Aronstam

Shackelford Bowen

Sidley Austin

Skadden Arps

Spencer Fane

Steptoe LLP

Sullivan & Cromwell

TT&E Law Group

Veen Firm

Wachtell Lipton

White & Case

Wiley Rein

Williams & Connolly

Wilson Sonsini

de Castro PC

COMPANIES IN TODAY'S NEWS

Amazon.com Inc.

American Bankers Association

American Clinical Laboratory Association

Apple Inc.

Arch Capital Group Ltd.

Bank Policy Institute

Bank of Montreal

BlockFi Inc.

Boston University

Brandeis University

ByteDance Ltd.

Capri Holdings Ltd.

Citigroup Inc.

Coinbase Global Inc.

Community Financial Corp.

Credit Suisse Group AG

Delaware State Bar Association

First Advantage Corporation

Fresenius Medical Care AG & Co. KGAA

Google LLC

HP Inc.

Hewlett Packard Enterprise Co.

Instagram Inc.

Jimmy Choo Ltd.

Johnson Rice & Co. LLC

Kate Spade & Co.

LinkedIn Corp.

Michael Kors Holdings Ltd.

Mitsubishi UFJ Financial Group Inc.

PJM Interconnection LLC

Rite Aid Corp.

Savills Inc.

States United Democracy Center

Tapestry Inc.

Tesla Inc.

The ERISA Industry Committee

TikTok Inc.

Twitter Inc.

U.S. Chamber of Commerce

World Acceptance Corporation

GOVERNMENT AGENCIES IN TODAY'S NEWS

Centers for Medicare & Medicaid Services

Colorado Secretary of State

Colorado Supreme Court

Connecticut Department of Banking

Consumer Financial Protection Bureau

Council of Inspectors General on Integrity and Efficiency

Delaware Court of Chancery

Federal Bureau of Investigation

Federal Communications Commission

Federal Energy Regulatory Commission

Federal Reserve System

Federal Trade Commission

Food and Drug Administration

Manhattan District Attorney's Office

Marin County, California

National Aeronautics and Space Administration

National Labor Relations Board

National Telecommunications and Information Administration

New York Attorney General's Office

New York Department of Financial Services

U.S. Attorney's Office

U.S. Attorney's Office for the District of Massachusetts

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

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

U.S. Chemical Safety and Hazard Investigation Board

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

U.S. Court of Appeals for the Eleventh Circuit

U.S. Court of Appeals for the Fifth Circuit

U.S. Court of Appeals for the Ninth Circuit

U.S. Department of Commerce

U.S. Department of Energy

U.S. Department of Justice

U.S. Department of State

U.S. Department of the Treasury

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 Northern District of California

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

U.S. District Court for the Southern District of Florida

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

U.S. Environmental Protection Agency

U.S. House of Representatives

U.S. Securities and Exchange Commission

U.S. Senate

U.S. Supreme Court

Washington Attorney General's Office

West Virginia Public Service Commission