The recent ruling by the US Supreme Court in Loper Bright Enterprises v. Raimondo—which effectively ends Chevron deference—signals potential shifts in how tax regulations are challenged and interpreted. Under the Chevron doctrine, courts would side with the Internal Revenue Service (IRS) if its interpretation of a statute was deemed “reasonable.” Now, courts must identify the…
In a legal dispute, a charity has argued that an artist it previously sued for £100,000 ($125,500) over holographic portraits of the queen is not entitled to profits from a 2012 exhibition of those works. The charity claims that the financial gains from the exhibition should not be attributed to the artist. Further details on…
Peter Koclanes has joined Venable LLP as a partner in its commercial litigation practice group in Denver, according to an announcement from the firm released on Monday. Koclanes brings significant experience in litigating securities and class actions, patents and other intellectual property matters, corporate governance, and business tort claims. His portfolio also includes handling disputes…
June saw significant transitions in the legal departments of venerable Fortune 500 companies and emerging new-economy firms. One of the most notable movements involved Exxon Mobil, ranked No. 7 in the Fortune 500, where Craig Morford is stepping aside as general counsel, a position he has held since 2000. He will be succeeded by Jeffrey…
Paul, Weiss, Rifkind, Wharton & Garrison has recently launched a U.K. training contract that aligns with its rapid growth in the London market. This development includes offering a market-leading salary of £180,000 to its newly qualified lawyers, placing the firm alongside other market leaders such as Quinn Emanuel and Gibson, Dunn in terms of compensation…
A new Department of Justice program that offers cash rewards to whistleblowers is likely to encourage employees to bypass internal ethics hotlines, a fundamental tool companies utilize to mitigate internal wrongdoing before it escalates. Legal experts express concerns about this shift, highlighting potential risks for companies relying heavily on internal mechanisms. “There could be certain…
The U.S. Securities and Exchange Commission (SEC) has petitioned a federal district court in Manhattan to quash a subpoena from Coinbase that seeks documents related to crypto markets and the personal communications of the agency’s chair. Jorge Tenreiro, the deputy chief of crypto assets in the SEC’s division of enforcement, represents the SEC in this…
Weil Signs Thomas Henry as Co-Head of US Real Estate Practice Thomas Henry has joined Weil, Gotshal & Manges as a partner and co-head of its US real estate practice in New York, the firm announced Monday. Henry brings extensive experience in representing domestic and foreign real estate companies, private equity funds, and institutional lenders…
Legal News Summary A Donnelly Conroy & Gelhaar LLP attorney’s prior representation of co-defendants in a pending fraud case against former executives of medical device company Magellan Diagnostics may have created a disqualifying conflict of interest, according to government lawyers. The issue was presented to a Massachusetts federal judge as part of ongoing legal proceedings….
In an important personnel development, Ronnie Johnson has joined Holland & Knight as a partner within its public policy and regulation group in Dallas. Johnson brings a wealth of experience in insurance regulatory matters, including areas such as licensing, market conduct, solvency, and reinsurance. According to a statement from the firm, Johnson will also provide…
Crowell & Moring in collaboration with the Anti-Defamation League (ADL) has initiated legal action on behalf of over 125 plaintiffs against Iran, Syria, and North Korea. The lawsuit, filed in federal court in Washington, D.C., alleges that these nations provided material support to Hamas, which facilitated the terror attack on Israel on October 7. This…
Burford Capital’s German affiliate, Burford German Funding, is facing legal action from a client, Financialright Claims GmbH, over accusations that Burford concealed its partnership with Hausfeld Rechtsanwälte LLP, the law firm appointed to lead several antitrust cases in the German trucking industry. Financialright alleges that Burford failed to disclose Hausfeld’s ownership stake in the affiliate…
The legal landscape of reproductive rights in the United States is shifting rapidly, emblematic of an emerging judicial conservatism frequently attributed to the jurisprudence of Justice Samuel Alito. In a recent 4-3 ruling, the Iowa Supreme Court has upheld the state’s six-week abortion ban, legislation that was hurriedly passed in a one-day session last year….
The Biden administration’s efforts to relieve student loan debt have taken a significant step forward as the 10th Circuit U.S. Court of Appeals recently granted a motion to stay an order blocking the government’s Saving on a Valuable Education (SAVE) plan. According to a report by CNBC, the order was initially put in place last…
The US Supreme Court has vacated and remanded lower court rulings on the constitutionality of statutes enacted by Florida and Texas that regulate the content moderation practices of large social media platforms. These laws were passed in 2021 amidst concerns that conservative voices were being stifled on major social media sites, partly triggered by Twitter’s…
The Supreme Court, in a 6-3 decision split along ideological lines, has extended a partial victory to Donald Trump by ruling that he is immune from criminal charges for specific actions taken during his presidency. The crux of the decision lies in delineating whether Trump’s actions were part of his official duties as president or…
The US Supreme Court has avoided making a final decision on challenges to the Texas and Florida social media laws, but the majority opinion written by Justice Elena Kagan criticized the Texas law and made it clear that content moderation is protected by the First Amendment. The Texas law "is unlikely to withstand First Amendment…
Davis Polk & Wardwell LLP has announced the expansion of its infrastructure finance practice with the addition of Elena Millerman as a partner and co-head. Millerman, who joins from White & Case, will be based in the firm’s New York office. Her expertise spans high-profile financings in sectors such as infrastructure, power, and oil and…
In a strongly worded dissent, Justice Amy Coney Barrett has taken a clear stand against the majority opinion in the January 6th case, criticizing their statutory interpretation. The Court had ruled that the crime of obstructing an official proceeding did not apply to the rioters involved in the January 6th Capitol attacks, a decision that…
In the wake of the recent presidential debate, questions abound regarding the future of Joe Biden’s campaign. The performance left many scrutinizing his abilities, with particular emphasis on the possibility of a significant pivot within the Democratic Party. During Thursday night’s debate, Biden’s presentation was perceived as lackluster, raising concerns about his viability as a…
As an integral piece building on the previously released National Law Journal 500 ranking, the newest LGBTQ+ Scorecard sheds light on which major U.S. law firms lead in terms of LGBTQ+ attorney representation. This ranking serves as a complement to American Lawyer’s Diversity Scorecard, thereby painting a broader picture of diversity within the legal profession….
The recent Supreme Court opinion on presidential immunity has generated considerable debate, particularly surrounding its textualist and originalist interpretations. The majority opinion, penned by Chief Justice John Roberts, rejected Donald Trump’s argument that a president can only be criminally prosecuted if the House impeaches and the Senate convicts on the same behavior detailed in the…
Article Alice Hrdy has joined Morgan, Lewis & Bockius as a partner in its Washington office after three decades of service with the Federal Trade Commission (FTC) and the US Consumer Financial Protection Bureau (CFPB), the firm announced on Monday. Hrdy served as the principal deputy assistant director of the CFPB’s office of supervision policy….
Akerman LLP has announced the opening of its new Wilmington office, the firm’s 25th location nationwide, which will be led by Andrew Dupre. This strategic expansion is designed to fulfill the increasing client demand for local representation in Delaware courts. The office will also be anchored by two litigation partners formerly with McCarter & English….
Amid growing criticism from conservative factions, Tractor Supply has decided to discontinue its Diversity, Equity, and Inclusion (DEI) programs. This move comes after the company received feedback from customers expressing disappointment. In a statement, the company noted, “We have heard from customers that we have disappointed them. We have taken this feedback to heart.” For…