October 2024 – Page 113 – Legal News Feed

Bloomberg Law

Climate Change and Industrial Waste: The Need for Robust Infrastructure in an Era of Extreme Weather

Pieter Gunst2 years ago01 mins

As climate change intensifies, it increasingly intersects with various industrial operations. Hurricane Helene, for example, recently created significant challenges for a retired nuclear power plant in Florida. While Duke Energy Inc. assured that radioactive material remains secure, the storm’s surge caused the overflow of one of the plant’s industrial wastewater ponds. This incident prompts serious…

Bloomberg Law

SEC Settlement with Keurig Highlights Ongoing Importance of ESG Disclosures

Pieter Gunst2 years ago04 mins

A recent settlement between the Securities and Exchange Commission (SEC) and Keurig Dr. Pepper Inc. underscores the continuing significance of ESG (Environmental, Social, and Governance) disclosures, despite apparent setbacks to regulatory enforcement. The SEC announced a settlement with Keurig over allegations of misleading K-Cup recycling claims in their 2019 and 2020 annual reports. Keurig has…

Bloomberg Law

North Carolina Supreme Court Enables Out-of-State Lawyers to Aid Hurricane Helene Victims

Pieter Gunst2 years ago01 mins

The North Carolina Supreme Court has approved an emergency rule amendment allowing out-of-state lawyers to provide pro bono legal services to those affected by Hurricane Helene. This amendment permits lawyers licensed in other states to register with the North Carolina State Bar and start offering their services immediately, sidestepping the usual requirement for State Bar…

Above the Law

Legal Shifts: From Gambling Addiction Lawsuits to Constitutional Questions Facing the NLRB

Pieter Gunst2 years ago04 mins

Today’s legal news brings an array of significant developments that will captivate attorneys and corporate law professionals alike. A former financial administrator for the Jacksonville Jaguars who is currently incarcerated for embezzling millions of dollars from the team for gambling purposes has filed a lawsuit against FanDuel. The lawsuit accuses the betting app of exploiting…

The American Lawyer

Goodwin Procter Strengthens London Office with Strategic Hires from DLA Piper

Pieter Gunst2 years ago01 mins

Goodwin Procter has expanded its London office with the addition of two senior partners from DLA Piper’s finance team. Paul Gray, who brings over 20 years of experience in international finance focused on real estate and sports sectors, will lead Goodwin’s U.K. real estate practice. Alongside him, Lewis Gaut will also join as a partner…

The American Lawyer

Equity Capital Markets Activity Surges in Asia Pacific During Q3 2024, Data Shows

Pieter Gunst2 years ago01 mins

The Asia Pacific region witnessed a notable uptick in equity capital markets activity during Q3 2024. According to Dealogic figures, initial public offerings (IPOs) increased both on the last quarter and on the same period last year, with India’s flotations playing a significant role in this growth. For further details, visit the full article on…

Bloomberg Law

Top Democrats Endorse Letitia James for Potential NYC Mayoral Candidacy Amid Political Speculations

Pieter Gunst2 years ago04 mins

Welcome to Bloomberg Law’s Wake Up Call, a daily rundown of the top news for lawyers, law firms, and in-house counsel. New York State Attorney General Letitia James is emerging as a potential contender for the New York City mayoral race, with top Democrats advocating for her candidacy in the event Mayor Eric Adams vacates…

The American Lawyer

Clifford Chance Faces Ethical Scrutiny for Representing Multiple Clients in Single Transaction

Pieter Gunst2 years ago01 mins

In the legal industry, it is not uncommon for law firms to represent multiple clients in a single transaction. Such is the case with Clifford Chance, which recently acted on behalf of three clients within the same deal process. This raises pertinent questions about potential conflicts of interest and the ethical considerations surrounding such practices….

The American Lawyer

Linklaters, Freshfields, and Paul Weiss Steer Landmark €6.2 Billion Techem Buyout

Pieter Gunst2 years ago01 mins

Elite legal teams from Linklaters, Freshfields, and Paul Weiss have converged to advise on the €6.2 billion acquisition of energy firm Techem. This transaction marks one of the largest European buyouts of 2024. To read more about this significant deal, click here.

The American Lawyer

Singapore Sets Record with $3.5 Billion Fraudulent Trading Civil Suit Win

Pieter Gunst2 years ago01 mins

Singapore’s Drew & Napier has secured a significant win with a $3.5 billion award in a civil suit, setting a record for the largest amount sought in a civil case in the city-state. The case also marks the largest reported fraudulent trading case in Singapore. The full details and implications of the ruling are behind…

The American Lawyer

Former DWF Partner Disbarred After Arrest in Paedophile Hunter Sting Operation

Pieter Gunst2 years ago01 mins

In a striking development, a former partner at DWF has been banned from practicing law following an incident involving sexual communication with an individual presumed to be a minor. According to the Solicitors Disciplinary Tribunal (SDT) judgment, the former partner “was arrested at his home address on 3 November 2019” as a consequence of a…

The American Lawyer

Global Legal Market Sees Major Shifts as Emerging Firms Outpace Established Giants in Revenue Rankings

Pieter Gunst2 years ago01 mins

The landscape of the global legal market has seen significant shifts since 2020. Noteworthy among the climbers in the revenue rankings are firms like Yingke, Ropes & Gray, and Quinn Emanuel, each demonstrating robust growth and strategic maneuvering within a competitive space. In contrast, firms such as Weil Gotshal and Sullivan & Cromwell have experienced…

Bloomberg Law

Abortion Rights Advocates Intensify Ballot Measure Campaigns in Key States

Pieter Gunst2 years ago02 mins

Advocates for abortion rights are ramping up their efforts in Arizona, Missouri, and Nevada, pushing for ballot measures that emphasize limiting government intervention in personal medical decisions. The campaigns, bolstered by substantial financial backing, are presenting voters with stark choices between private decision-making and political control. An advertisement by Arizona for Abortion Access underscores the…

Bloomberg Law

Kirkland & Ellis Surpasses Skadden as Top Dealmaker Amid M&A Surge

Pieter Gunst2 years ago02 mins

Kirkland & Ellis has surged past Skadden, Arps, Slate, Meagher & Flom to become Big Law’s leading dealmaker in the first three quarters of 2024, positioned well before an anticipated increase in mergers and acquisitions (M&A) activity. According to Bloomberg Law’s recent league tables, Kirkland advised on $297.1 billion worth of M&A deals, solidifying its…

Bloomberg Law

Ongoing Legal Strife Between Universities and Student Unions Over Protest Disciplinary Actions

Pieter Gunst2 years ago02 mins

As the new academic semester commences, student unions are once again engaging in legal battles, particularly concerning the aftermath of recent campus protests. Earlier this year, demonstrations erupted across various universities demanding that institutions divest from Israel. These protests have now led to a series of legal complaints from student unions alleging that the subsequent…

Bloomberg Law

Rural Prosecutor Randy Ramseyer Takes on Big Pharma and Corporate Giants in Opioid Crisis Battle

Pieter Gunst2 years ago02 mins

Corporate defense lawyers have learned not to underestimate Randy Ramseyer and his team of federal prosecutors investigating out of a strip mall in rural southwest Virginia. First came Ramseyer’s successful prosecution of Purdue Pharma and three top executives for deceptive OxyContin marketing two decades ago. More recently, the Abingdon, Va.-based assistant US attorney sent a…

Bloomberg Law

FTC Launches Unprecedented Legal Battle Against Major PBMs Over Insulin Price Manipulation

Pieter Gunst2 years ago04 mins

The Federal Trade Commission’s lawsuit against pharmacy benefits managers CVS, Cigna, and UnitedHealth is attracting attention for its atypical claims and procedural choices. The FTC alleges that these PBMs engaged in rebate practices that resulted in higher insulin prices, prompting significant scrutiny from legal and corporate sectors. Pharmacy benefits managers (PBMs) typically manage prescription drug…

Bloomberg Law

Illinois Supreme Court Reviews Impact of Appellate Decision on Motor Fuel Tax and Commodity Transactions

Pieter Gunst2 years ago03 mins

The complexity surrounding Illinois’ motor fuel tax has escalated with the recent appellate court decision in Marathon Petroleum v. Cook County. The Illinois Supreme Court is currently considering whether to reverse a ruling that classifies certain “book-out transactions” as taxable. This development raises alarm among legal professionals who argue that such transactions do not fit…

Bloomberg Law

California’s “Click-to-Cancel” Law Promises Simplified Subscription Cancellations and National Implications

Pieter Gunst2 years ago03 mins

California has initiated a significant change in the regulation of subscription services with a new law that mandates a simple “click-to-cancel” option for consumers. This law, effective from July 1, 2025, will require businesses operating in California to obtain express affirmative consent from users before enrolling them and to provide reminders and an easy online…

Law360

New Jersey Judge Allows Ex-McElroy Deutsch Director to Pursue Malicious Prosecution Claim Amid Embezzlement Allegations

Pieter Gunst2 years ago01 mins

A New Jersey state judge has allowed a former business development director from McElroy Deutsch Mulvaney & Carpenter LLP to advance a malicious-prosecution claim against the firm. This decision comes amidst litigation concerning allegations that the former director and her husband were involved in embezzling millions from the firm. The case highlights the complexities of…

Law360

Spencer Fane Expands in Las Vegas with Acquisition of Holley Driggs Law Firm

Pieter Gunst2 years ago01 mins

Spencer Fane LLP announced on Tuesday that it has merged with Las Vegas boutique Holley Driggs Law Firm, enhancing its legal footprint in Nevada’s most populous city. The merger incorporates an additional 14 attorneys into Spencer Fane’s operations in Las Vegas. This strategic move is aimed at bolstering the firm’s capabilities and presence in the…

Law360

Former Rutgers Law Dean Appointed Interim General Counsel Following Hoffman’s Supreme Court Confirmation

Pieter Gunst2 years ago01 mins

In a notable shift within Rutgers University’s legal team, a former dean of Rutgers Law School has been appointed to the position of interim senior vice president and general counsel. This move follows the confirmation of John J. Hoffman to the New Jersey Supreme Court. The announcement was made by Rutgers on Tuesday. For further…

Law360

NYC Mayor Restructures Legal Team Amid Federal Corruption Charges

Pieter Gunst2 years ago02 mins

New York City Mayor Eric Adams has made significant changes to his legal team amid ongoing federal corruption charges. In a strategic move on Tuesday, the mayor nominated a veteran public servant to the position of corporation counsel while also promoting a former WilmerHale attorney to the role of City Hall chief counsel. The adjustments…

Jurist

Bilingual Quebec Municipalities Challenge Bill 96 Provisions in Court

Pieter Gunst2 years ago04 mins

A group of bilingual municipalities within Quebec has sought a temporary suspension against specific provisions of a law mandating the use of the French language in all municipal proceedings while proceeding with a larger challenge against Bill 96, Quebec’s controversial new language law. Local media reports that Julius Grey, the attorney representing the municipalities, requested…

Law360

IBM Files New Patent Infringement Lawsuit Against Take-Two Interactive After $45M Zynga Victory

Pieter Gunst2 years ago01 mins

IBM has initiated a new lawsuit in Delaware federal court against Take-Two Interactive Software, the parent company of Zynga, following a recent legal victory. Less than a month prior, IBM secured a $45 million verdict against Zynga over patent infringements concerning online advertisements. The latest suit, as reported by Law360, involves different video games, escalating…