In a noteworthy decision last month, the Federal Circuit in Amarin v. Hikma has set a precedent likely to increase the liability faced by generic drug manufacturers. According to legal experts Jeremiah Helm and Sean Murray at Knobbe Martens, the ruling suggests that there will be a rise in allegations of induced infringement following the…
Global BigLaw firm Akin Gump Strauss Hauer & Feld LLP has recently introduced a tool designed to help legal professionals navigate the rapidly evolving landscape of policies related to artificial intelligence. This tracker is aimed at offering insights into multiple sectors, including intellectual property, data privacy, health, and national security. For more details, visit the…
General Counsel and Greenwashing The Australian Securities & Investments Commission (ASIC) has intensified its focus on greenwashing, signaling a potential increase in prosecutions. According to ASIC’s deputy chair Sarah Court, general counsels play a crucial role in preventing companies from making false environmental claims. Court emphasized the need for robust legal oversight to ensure corporate…
US lawmakers have initiated a probe into the Biden administration following revelations that three men accused of orchestrating the 9/11 terror attacks were spared the death penalty after securing a plea deal with military prosecutors. The House Oversight Committee, led by Chairman James Comer, announced the investigation on Friday, seeking clarity on the administration’s involvement…
In a recent decision, a D.C. Circuit panel dismissed a challenge to a provision of the Digital Millennium Copyright Act (DMCA), which prohibits circumventing digital locks on copyrighted material. The court ruled that this provision is consistent with the First Amendment, reinforcing the legal framework that protects digital copyrights. Legal professionals can review the case…
Novo Nordisk has called on the Patent Trial and Appeal Board (PTAB) to impose sanctions on Mylan for allegedly breaching an explicit commitment. The contention arises from Mylan’s bid to invalidate a patent related to Ozempic, Novo Nordisk’s high-revenue diabetes and weight loss medication, in the Delaware district court. This move allegedly breaks Mylan’s prior…
DOJ Lawsuit Against TikTok The Department of Justice has filed a lawsuit against TikTok, alleging that the popular social media platform has been collecting and using young children’s private information without parental consent. This legal action underscores growing concerns about data privacy, particularly the strengthening protection mechanisms around children’s online activities. Brian Boynton, head of…
A malpractice lawsuit involving a $4.3 million loan dispute will proceed after a judge declined to dismiss the case against a Chicago law firm. Judge Seeger concluded that the plaintiffs’ complaint adequately alleged that the agreement functioned as a “new promise to pay,” revealing an intention by Riegel and ISLA to repay the debt. For…
Lewis Brisbois Bisgaard & Smith can arbitrate its former partner’s gender discrimination suit, which alleges retaliation for raising concerns over the firm’s “unethical billing practices,” as determined by a California state court judge on Friday. The ruling stays the entire litigation pending arbitration. For more details on the case and the judge’s decision, refer to…
Internal audits have revealed significant financial mismanagement within New York City courts, resulting in a failure to turn over $9.5 million in legal fees to the state treasury—a clear violation of state law. This discrepancy, attributed to clerical errors and insufficient oversight, stemmed from the inaccurate reporting and accounting of legal filing fees across various…
The Department of Justice (DOJ) has recently introduced a pilot program aimed at incentivizing whistleblowers who report significant corporate misconduct. While this initiative has garnered attention, it has also faced some pushback from legal professionals. Additionally, a new report highlights a surge in class action lawsuits against companies accused of misleading investors about their artificial…
In this week’s edition of Law360’s Legal Lions, Wilkinson Stekloff LLP and Covington & Burling LLP have achieved notable recognition. Their success comes after a significant legal victory where a California federal judge overturned a Los Angeles jury’s $4.7 billion verdict against the National Football League. The case revolved around antitrust allegations related to the…
The legal industry experienced a modest decline by shedding 500 jobs in July, according to preliminary data released by the U.S. Bureau of Labor Statistics. This marks the third consecutive month of job losses in the sector, following a positive gain in April. The detailed employment figures reflect ongoing challenges within the legal job market,…
A recent ruling by the US Court of Appeals for the First Circuit has affirmed the convictions of Jayne Carbone, a Massachusetts woman, for wire fraud and identity theft. The court’s decision, rendered on August 1, highlights the growing issue of financial elder abuse. According to Judge O. Rogeriee Thompson, who delivered the opinion, Carbone’s…
Social media platform TikTok and its parent company ByteDance are embroiled in a legal battle with the United States Department of Justice (DOJ) over allegations of violating children’s privacy laws. The DOJ announced on Friday that it has filed a civil lawsuit against TikTok for failing to comply with the Children’s Online Privacy Protection Act…
Citigroup Inc., amidst an extensive corporate makeover, appears to be lagging in its efforts to revamp its compliance department, a delay that is proving to be costly. Despite the organizational changes and strategic shifts aimed at streamlining operations and boosting profitability, the compliance arm remains a notable exception, raising concerns among stakeholders. The comprehensive restructuring…
Legal technology company Clio is set to reveal its newest AI-powered offerings at ILTACON, the International Legal Technology Association’s annual conference. Attendees are encouraged to visit Booth #301 for an exclusive preview of these innovations. This presentation highlights Clio’s ongoing commitment to enhancing legal practice efficiency and effectiveness through advanced technological solutions. For more details,…
The proposed House v. NCAA settlement, recently filed in California federal court, introduces the potential for substantial direct payments to student-athletes for the first time. This marks a significant shift from the longstanding stance that college athletes remain unpaid amateurs, a cornerstone of the NCAA’s business model. However, the settlement’s framework does not conclusively secure…
In an evolving corporate landscape, the dual role of a General Counsel (GC) and Chief Operating Officer (COO) is becoming increasingly prevalent. Initialized Capital, a seed-stage venture capital firm managing over $3 billion in assets, is the latest company to embrace this trend. Recently, the firm promoted its General Counsel, Livingston Miller, to the position…
Texas Judge Enters Setback for SEC in Crypto-Securities Action In a notable development within the regulatory landscape of cryptocurrency, U.S. District Judge Mark Pittman has exhibited hesitation concerning a ruling that could set a “moving target precedent.” The case in question presents a significant challenge to the SEC’s ongoing actions against crypto-securities. Judge Pittman’s concerns…
OpenAI is facing increasing pressure to prove it’s not hiding AI risks after whistleblowers alleged to the US Securities and Exchange Commission (SEC) that the AI company’s non-disclosure agreements had illegally silenced employees from disclosing major safety concerns to lawmakers. In a letter to OpenAI yesterday, Senator Chuck Grassley (R-Iowa) demanded evidence that OpenAI is…
The US Department of Justice is investigating Nvidia’s acquisition of Run:ai, an Israeli artificial intelligence startup, for potential antitrust violations, according to a report by the Financial Times. The DOJ has been in discussions with third parties to assess the competitive impact of the transaction, which Nvidia announced in April without disclosing the purchase price….
In a particularly competitive landscape for top legal talent, Dechert LLP has intensified its strategy of demanding the return of signing bonuses from partners who choose to exit the firm within a designated period. This practice, known as bonus clawback, aims to deter valuable partners from jumping ship and taking their clients with them. Recently,…
The U.S. Department of Justice on Friday filed a highly-anticipated lawsuit against TikTok and its parent company, ByteDance, alleging that the popular short-form video app has engaged in “widespread” violations of children’s privacy laws. According to the DOJ, TikTok has been collecting a “wide variety” of personal information from children under the age of 13…
While legal operations teams remain crucial assets within corporate structures, a new report from Axiom unveils significant challenges in their collaboration with in-house legal counsel. The survey, which included 200 legal operations professionals, indicated that a substantial 83% experienced budget increases over the past year. However, this financial optimism starkly contrasts with views from general…