Moving from private practice to corporate counsel is a common path for lawyers of all stripes. Considerably less common is the shift from private practitioner to in-house counsel to poker world champion, but that’s the exact trick Greg Raymer pulled off 20 years ago this week. Raymer, a patent attorney, managed to leave an indelible…
In a significant judicial decision, the federal judge presiding over Donald Trump’s classified documents case has rejected Special Counsel Jack Smith’s motion to impose a gag order on the former president. The gag order was sought to restrict Trump from making public comments that could potentially compromise the safety of law enforcement officers. The move…
Michael Holston, the former senior vice president, general counsel, and secretary of General Electric Co., has joined Paul, Weiss, Rifkind, Wharton & Garrison as a partner, the law firm announced Tuesday. During his tenure at General Electric, Holston guided the company’s legal and compliance divisions through the significant restructuring that culminated in a three-way split….
The first of Sam Bankman-Fried‘s close associates to plead guilty to criminal charges in the wake of FTX’s implosion will be sentenced Tuesday, setting the tone for punishments to follow for other executives swept up in the multibillion-dollar fraud. Ryan Salame, the former chief executive of FTX’s Bahamas subsidiary, struck a plea deal with federal…
Digital therapeutics developer Click Therapeutics is bolstering its prospects in cardiometabolic disorders through the acquisition of the assets of Better Therapeutics. This transaction includes an FDA-authorized product and could serve as a launchpad for an array of drug and digital treatment pairings. The deal follows Better Therapeutics’ struggles with commercialization and capital reserves, culminating in…
The legal world witnessed some significant developments today, reflected in our Morning Docket for May 28, 2024. Baker McKenzie Poaches Partner From O’Melveny: In a notable move within M&A, Baker McKenzie has hired O’Melveny’s U.S. M&A leader, signaling optimism for a rebound in deal activities. For more details, see the Reuters article. Biglaw Trend That…
The Massachusetts Appeals Court has upheld a labor relations department’s decision regarding a police officer’s claim of retaliation related to union activity. In a unanimous decision by a three-judge panel, the court concluded that Sgt. John Babcock of the Newton Police Department’s shift transfer from day to night did not constitute an adverse employment action….
The Inter-American Court on Human Rights (IACHR) commenced its first public hearings in Brazil on Monday, focusing on the human rights obligations of states in relation to the climate crisis under the American Convention on Human Rights. The discussions centered on the legal frameworks and state responsibilities necessary to mitigate the adverse impacts of climate…
The Supreme Court has agreed to hear a case concerning the Clean Water Act, initiated by San Francisco against the Environmental Protection Agency (EPA). This case, added to the docket for the 2024-25 term, will examine whether the limitations imposed in the permit for San Francisco’s wastewater discharges into the Pacific Ocean are too vague….
Legal News: T-Mobile Buys US Cellular Assets In a significant move within the telecommunications sector, T-Mobile US Inc., currently the second-largest mobile carrier in the United States, has entered into an agreement to acquire the wireless operations and select spectrum assets of US Cellular Corp. The transaction is valued at approximately $2.4 billion. The comprehensive…
In an inspiring showcase of democratic engagement, US law student and undergraduate delegates convened at the first-ever Model Constitutional Convention hosted by Arizona State University (ASU) Sandra Day O’Connor College of Law. After two days of intense discussion and deliberation in Phoenix, Arizona, the students passed four significant proposed amendments addressing equal rights, tribal sovereignty,…
Mike Holston, the general counsel who successfully navigated General Electric Co. through its recent split into three companies, is set to join Paul Weiss Rifkind Wharton & Garrison LLP as a partner starting October 1. Holston’s decision to make the move follows his impactful tenure at GE, where he managed significant corporate restructuring. At Paul…
The US Supreme Court has declined to revisit the question of whether individuals charged with felonies have a constitutional right to be tried by a 12-person jury. This decision was rendered amidst a series of cases that challenged the jury size permitted in Florida, where defendants can be convicted by a six-member jury. Justice Neil…
The U.S. Supreme Court on Tuesday declined to review a case challenging the Federal Circuit’s practice of issuing one-sentence Rule 36 orders. The petition was brought by a businesswoman operating a small printing company, who argued that these brief decisions insufficiently addressed the merits of her case. For further details, more information is available here.
“`html Each weekday, SCOTUSblog provides a carefully curated selection of news articles, commentary, and other noteworthy content related to the U.S. Supreme Court. In the Tuesday morning read for May 28, 2024, the highlights include a refusal by the Supreme Court to overturn the Nike-related convictions of lawyer Michael Avenatti, as reported by John Kruzel…
In a recent decision, the U.S. Court of Appeals for the Tenth Circuit reinforced the “plain meaning” approach to statutory interpretation in the case of God’s Storehouse Topeka Church v. United States, 2024 U.S. App. LEXIS 8478, 98 F.4th 990 (10th Cir. 2024). The court ruled that special audit procedures outlined in I.R.C. Section 7611,…
The European Union has pledged €2.12 billion ($2.31 billion) to support Syria and neighboring countries amid a critical humanitarian situation, as announced during the eighth edition of the Brussels Conference on ‘Supporting the future of Syria and the region’. This pledge reiterates the EU’s previous commitment made during the 2023 Brussels VII Conference, which allocated…
OpenAI Oversight Board OpenAI has announced the establishment of a board committee to evaluate the safety and security of its artificial intelligence models, a significant governance change implemented just weeks after the resignation of its top safety executive and the subsequent dissolution of the internal safety team. The move has been met with varied reactions…
Japanese industrial conglomerate Asahi Kasei Corp. has announced its intention to acquire Swedish biotechnology firm Calliditas Therapeutics AB for approximately 11.8 billion kronor ($1.1 billion). This strategic move aims to bolster Asahi Kasei’s global presence in the healthcare sector. The Japanese firm has offered 208 kronor per share, representing an 83% premium over Calliditas’ previous…
Health plans are mandated to pay reasonable costs for workers’ care, but newly disclosed hospital data reveals a puzzling array of price ranges. This data shows that some employers are paying significantly different amounts for identical services within the same facility. For instance, employer plans with at least 10,000 members paid prices ranging from over…
Former college athletes are pursuing antitrust claims against the National Collegiate Athletic Association (NCAA) in Colorado, despite a significant settlement aimed at resolving such lawsuits. The NCAA and its Power Five conferences recently announced a nearly $2.8 billion settlement, which includes measures to start directly compensating college athletes and sharing sports revenues. This settlement intends…
In an unexpected move, UK Prime Minister Rishi Sunak has called for a general election on July 4, 2024. This early election, the first of its kind in over a decade, has left many British lawyers and their clients bracing for potential changes in the tax landscape. The legal community anticipates a likely victory for…
DLA Piper has appointed Judy Krieg, former head of the Serious Fraud Office’s fraud, bribery and corruption division, to its Washington DC office. Krieg will join as a partner in the firm’s white collar, investigations and government enforcement practice. She previously spent three years at the UK firm Fieldfisher. For additional details, you can read…
About two dozen class actions have alleged that General Motors Co. gathered data about drivers without their consent and then sent it to insurance companies, which raised their rates. The lawsuits, which Law.com Radar flagged, specifically targeted GM, its subsidiary OnStar, and data broker LexisNexis Risk Solutions Inc. The legal actions alleged that the defendants…
After a century-long hiatus, Wall Street is making a significant return to T+1 stock trading, a change that could have far-reaching implications for both institutional and retail investors. The move to a T+1, or trade plus one day, settlement cycle is aimed at increasing market efficiency and reducing risks associated with the current T+2 system….