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June 13, 2025
Ex-Vinco Ventures Chair Inks SEC Deal Over Investor Fraud
A former chairman of media and technology company Vinco Ventures Inc. who in April copped to lying about company operations and secretly ceding control of the business to his romantic partner has reached an agreement to end parallel U.S. Securities and Exchange Commission allegations.
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June 13, 2025
MV Realty CEO Banned From Real Estate Biz In NC
The CEO of brokerage MV Realty is banned from doing professional real estate business in North Carolina and local homeowners were released from "predatory" agreements that they signed with one of his other companies, the state's attorney general announced Friday.
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June 13, 2025
OpenAI, Altman Slam Attempt To Block 'IO' Name
OpenAI and its CEO Sam Altman have fired back at technology company IYO Inc.'s effort to bar their use of the IO Products Inc. name, arguing its claims are "insufficiently ripe" as the company hasn't provided evidence of the name being used in commerce or the likelihood of confusion.
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June 13, 2025
DC Circ. Urged To Reject Approval For Braille-Free Drug Label
Vanda Pharmaceuticals Inc. is urging the D.C. Circuit to reverse a lower court decision upholding the U.S. Food and Drug Administration's approval of a generic sleep-disorder drug without Braille labeling, a move the company argues jeopardizes patient safety.
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June 13, 2025
Employment Authority: How Bias Audits Can Quell DEI Fights
¼«ËÙÈü³µ Employment Authority covers the biggest employment cases and trends. Catch up this week with coverage on how employers can audit their diversity programs to ensure they don't raise concerns of bias, why unions are backing a California bill requiring self-driving delivery vehicles to have human help and how the rollback of Washington, D.C.'s tip credit saw a recent setback.
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June 13, 2025
Red Hat Keeps Suit Against Software Patent Owner Alive In NC
A North Carolina federal judge has refused to dismiss a lawsuit accusing a Texas-based patent owner of trying to extort a license from software company Red Hat Inc., finding the court has authority to hear the dispute.
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June 13, 2025
US-China Trade Talks Resume, Draw Mixed Reviews
Despite the promise of new trade talks held this week by the U.S. and China, the long-term strategic view of many companies remains concern over the obstacles they continue to face, especially if they must diversify supply chains that heavily rely on China.
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June 13, 2025
Trump's Firing Of CPSC Commissioners Ruled Illegal
A Maryland judge ruled Friday that the removal of three U.S. Consumer Product Safety Commission commissioners by President Donald Trump was unlawful, finding a 1935 U.S. Supreme Court ruling that protected a Federal Trade Commission member from removal applies to the members of the CPSC.Â
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June 13, 2025
SEC, Ripple Again Ask NY Judge To Approve Settlement
The U.S. Securities and Exchange Commission and Ripple Labs Inc. have again urged a New York federal judge to approve lower penalties against the blockchain company citing "exceptional circumstances," following the judge's previous rejection of the joint request on procedural grounds.
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June 13, 2025
3 Firms Get Early Lead Roles In Daedong Data Breach Claims
A North Carolina federal judge handed three plaintiffs firms interim lead counsel roles in a proposed class seeking to hold tractor manufacturer Daedong-USA Inc. accountable for a data breach, while also agreeing to consolidate the three suits.
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June 13, 2025
Wabtec Gets Caterpillar Unit's Antitrust Claims Tossed
A Delaware federal judge has dismissed Caterpillar subsidiary Progress Rail's antitrust claims over rail giant Wabtec's 2019 merger with General Electric's transportation unit but refused to dismiss breach of contract and other claims.
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June 13, 2025
Ichor, Orthofix CEOs Face Suits Over 'Short-Swing' Gains
The CEOs of semiconductor manufacturing company Ichor Holdings Inc. and orthopedic solutions company Orthofix Medical Inc. were hit with suits alleging they owe "short-swing" profits to their respective companies after buying and selling company stock within a six-month period.
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June 13, 2025
PE Firm Caused Policyholder To Overpay, R&W Insurer Says
A representations and warranties insurer accused a private equity firm in Delaware Chancery Court of causing its policyholder to pay too much in its $140 million acquisition of a construction equipment manufacturer, arguing the firm must reimburse the insurer for its $12 million coverage payment.
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June 13, 2025
MrBeast's Ex-IT Worker Denies Trade Secret Theft Allegations
A former IT employee of YouTube personality Mr. Beast asked a North Carolina federal court to dismiss a lawsuit accusing him of stealing trade secrets before his firing, arguing Friday that the complaint against him fails to allege that he has disclosed or used any confidential documents.
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June 13, 2025
Nelson Mullins Adds Smith Gambrell's Korea Leader In LA
Nelson Mullins Riley & Scarborough LLP has hired the former leader of Smith Gambrell & Russell LLP's Korea practice to bolster its corporate, mergers and acquisitions, entertainment transaction, and other services.
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June 13, 2025
SEC's Atkins Selects New Leaders Across Several Divisions
The U.S. Securities and Exchange Commission on Friday named leaders to key divisions overseeing investment funds, stock exchanges and corporate accounting practices, marking the latest wave of fresh personnel brought in by new SEC Chair Paul Atkins.
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June 13, 2025
Midyear Report: 5 ERISA Decisions Attys Should Know
The U.S. Supreme Court revived retirement plan mismanagement allegations against Cornell University, the Sixth Circuit restarted a yacht company's suit against its health benefits administrator and American Airlines took a hit for emphasizing socially conscious investing in its 401(k) plan decisions. Here are five important decisions that came down in Employee Retirement Income Security Act cases during the first half of this year.
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June 13, 2025
Co. Must Pay Travelers $4.5M For Construction Bond Default
A signage company accused of failing to perform agreed upon work at a New York redevelopment project must reimburse Travelers over $4.5 million for settling a contractor's claims made against a performance bond, a Pennsylvania federal court ruled.
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June 13, 2025
2024 Patent Litigation: A Year In Review
The Eastern District of Texas held onto its newly regained title as the busiest patent venue in the U.S., with nearly three times as many cases in 2024 as the once-dominant Western District of Texas. In addition, Patent Trial and Appeal Board filings bounced back after falling to a record low in 2023.
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June 13, 2025
GC Cheat Sheet: The Hottest Corporate News Of The Week
Compliance experts say corporate leaders with business interests south of the border are worried about possible terrorism-related charges under the Trump administration for inadvertently working with the cartels. Meanwhile, the head of Glass Lewis pushed back against allegations from some lawmakers concerning the firm's "expansive, opaque and ideologically driven influence" on companies. These are some of the stories in corporate legal news you may have missed in the past week.​
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June 13, 2025
AstraZeneca Inks Up To $5.3B AI Drug Deal With Chinese Firm
AstraZeneca said Friday it has entered into a strategic artificial intelligence-driven research partnership with China's CSPC Pharmaceutical Group in a deal worth as much as $5.3 billion, expanding the British drugmaker's commitments in the country following a shakeup of the company's local leadership.
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June 13, 2025
Holland & Knight Adds Goodwin Financial Ace In Texas
Holland & Knight LLP has fortified its financial services team in Austin, Texas, with a former Goodwin Procter LLP partner who boasts a blend of private law firm and in-house legal experience.
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June 13, 2025
NFL Team Says Cleveland Is Stalling In Stadium Move Fight
The Cleveland Browns hit back at the city's bid to convince an Ohio federal court to reconsider its decision to let the National Football League team amend its stadium move suit, arguing that reconsidering the ruling is unnecessary and that the city is just stalling.
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June 13, 2025
Taxation With Representation: Debevoise, Latham, Paul Weiss
In this week's Taxation With Representation, Brown & Brown Inc. buys Accession Risk Management Group Inc., Allison Transmission Holdings Inc. acquires Dana Inc.'s off-highway unit, Qualcomm Inc. buys Alphawave IP, and Warner Bros. Discovery announced it will split into two publicly traded companies.
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June 13, 2025
Communication Lapses Topped Conn. Ethics Issues For Attys
Connecticut attorneys whose conduct drew attention from state disciplinary authorities over the past year were most often accused of failing to adequately communicate with clients, followed by general allegations of misconduct, a panel of ethics lawyers told a gathering of attorneys in Hartford on Friday.
Expert Analysis
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5 Key Issues For Multinational Cos. Mulling Return To Office
As companies increasingly revisit return-to-office mandates, multinational employers may face challenges in enforcing uniform RTO practices globally, but several key considerations and practical solutions can help avoid roadblocks, say attorneys at Baker McKenzie.
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Reviving A Dormant Criminal Statute In Antitrust Prosecution
The U.S. Department of Justice is poised to revive a dormant misdemeanor statute to resolve bid-rigging charges against a foreign national, providing important context to a recent effort to entice foreign defendants to take responsibility for pending charges or face the risk of extradition, say attorneys at Axinn.
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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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Tracking The Evolution In Litigation Finance
Despite continued innovation, litigation finance remains an immature market with borrowers recieving significantly different terms as lenders learn to value cases, which firms need a strong handle on to ensure lending terms do not overwhelm collateral value, says Robert Wilkins at Lightfoot Franklin.
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How Plan Sponsors Can Mitigate Risk In PBM Contracts
A recent lawsuit in New York federal court alleges that JPMorgan caused exorbitant prescription costs by mishandling the pharmacy benefit manager arrangement, adding to a growing body of Employee Retirement Income Security Act fiduciary breach litigation and affirming that fiduciaries must proactively manage their healthcare plan vendors, say attorneys at Hall Benefits Law.
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Series
Volunteer Firefighting Makes Me A Better Lawyer
While practicing corporate law and firefighting may appear incongruous, the latter benefits my legal career by reminding me of the importance of humility, perspective and education, says Nicholas Passaro at Ford.
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Tax Takeaways From Georgia's 2025 Legislative Session
Attorneys at Eversheds Sutherland discuss tax-related measures passed by the Georgia Legislature during the session that adjourned on April 4, which included a decrease in income tax rates, an extension of the time in which to a protest tax assessment and cleanup provisions related to launching the state’s new tax court next year.
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Limit On SEC Enforcement Authority May Mean Fewer Actions
Following a recent U.S. Securities and Exchange Commission final rule revoking the Enforcement Division director's long-standing authority to issue formal investigation orders, it's clear the division is headed for a new era of limited autonomy, marked by a significantly slower pace of SEC investigations, say attorneys at Ballard Spahr.
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Calif. Antitrust Laws May Turn More Zealous Than US Regs
California is poised in the next 18 months to significantly expand its antitrust laws, broadening the scope of liability and creating a premerger review process that could be more expansive than review under the Hart-Scott-Rodino Act, say attorneys at Munger Tolles.
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As SEC, CFTC Retreat, Who Will Police The Crypto Markets?
As the U.S. Securities and Exchange Commission and U.S. Commodity Futures Trading Commission pull back from policing the crypto markets, the Federal Trade Commission and Consumer Financial Protection Bureau have the authority to pick up the slack — although recent events raise doubts that they will do so, say attorneys at Skadden.
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Digesting A 2nd Circ. Ruling On Food Delivery App Arbitration
The Second Circuit recently rejected Grubhub's attempt to arbitrate price-fixing claims, while allowing Uber Eats to do so, reinforcing that even broad arbitration clauses must connect to the underlying dispute and suggesting that terms of service litigation may center on websites' design and content, say attorneys at Greenspoon Marder.
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E-Discovery Quarterly: The Perils Of Digital Data Protocols
Though stipulated protocols governing the treatment of electronically stored information in litigation are meant to streamline discovery, recent disputes demonstrate that certain missteps in the process can lead to significant inefficiencies, say attorneys at Sidley.
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Making Sense Of Small Biz Fair Lending Compliance
Despite the uncertainty brought on by the Consumer Financial Protection Bureau's recent efforts to revise fair lending data collection requirements under Section 1071 of the Dodd-Frank Act, the compliance dates have not yet been stayed, so covered institutions should still start to monitor any disparities now, say attorneys at Frost Brown Todd.
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Defense Strategies After Justices' Personal Injury RICO Ruling
In Medical Marijuana v. Horn, the U.S. Supreme Court recently held that the Racketeer Influenced and Corrupt Organizations Act can be invoked by some plaintiffs with claims arising from personal injuries — but defense counsel can use the limitations on civil RICO claims to seek early dismissal in such cases, say attorneys at Debevoise.