The escalating costs and frequency of cyber attacks, exacerbating by climbing regulatory requirements, particularly for public companies, has led to the all-time high price tag of $4.45m globally and $9.48m in the US per data breach, according to data from IBM’s yearly report. As a response to these escalating threats, many corporations are relying on…
The legal victory of Grayscale in their recent dispute, Grayscale Investments v. SEC, over a Bitcoin exchange-traded fund (ETF) decision has stirred discussions within legal and crypto walls. The U.S. Court of Appeals for the D.C. Circuit ruled that the Securities and Exchange Commission acted unlawfully in denying Grayscale’s application for a Bitcoin ETF. The…
In a recent trial, severe allegations have arisen against FTX co-founder, Sam Bankman-Fried. Caroline Ellison, his former girlfriend and ex-CEO of FTX’s sister trading firm Alameda, testified how Bankman-Fried allegedly used customer funds, amounting to billions of dollars, for risky investments that eventually resulted in the collapse of FTX’s cryptocurrency exchange. Ellison, an expert in…
Oil giant Exxon Mobil Corp. is reportedly in negotiations to buy Pioneer Natural Resources Co. for a price exceeding $250 per share, according to information obtained by Bloomberg. The deal, which could be formally announced as early as this week, would represent a significant step in Exxon’s ongoing consolidation efforts within the energy sector. The…
New allegations have been brought against US Representative George Santos, adding to the existing charges centered around fraud and money-laundering. The embattled New York congressman now faces accusations of making false statements to the Federal Election Commission. A revised indictment unsealed on Tuesday revealed these new charges, elevating the gravity of Santos’s legal predicament. The…
The US Supreme Court is currently reviewing a case involving UBS Group AG and a fired research strategist, Trevor Murray. This case may impact how whistleblowers can claim retaliation under the Sarbanes-Oxley Act, an federal investor-protection law. According to Bloomberg Law, UBS argued that for whistleblowers to win, they need to prove intentional retaliation. However,…
CIC Services, a micro-captive insurance adviser, is preparing to appeal a lower court decision that denied it attorneys’ fees. This fees are pertinent to the firm’s successful challenge of an IRS notice, claimed in a Tuesday filing with the US Court of Appeals for the Sixth Circuit. The ruling CIC Services aims to appeal was…
As part of a pioneering move, California has become the third state in the U.S. to enact a right-to-repair law that fundamentally challenges the paradigm of electronics manufacturing and repair. This law signifies an important advancement for consumer rights, providing greater flexibility to repair electronic devices, including but not limited to smartphones and televisions. Bloomberg…
California lawyers are bracing for change after Governor Gavin Newsom sanctioned the annual State Bar fee bill. The new provisions will demand that attorneys report the misconduct of their peers, targeting offences like seditious conspiracy, insurrection, or treason. This reporting obligation, evocatively referred to as the ‘snitch rule’, has now been officially codified thanks to…
Prosecutors working on the federal election obstruction case against former U.S. president, Donald Trump, are requesting additional measures be taken to secure jurors’ identities. These prosecutors allege that Trump employs social media as a potent tool for intimidation, necessitating this precautionary action. The trial is set to scrutinize Trump’s actions in the tumultuous period following…
Valerie L. Green is the newest addition to Day Pitney, joining the firm’s energy and utilities practice as a partner based in Washington, D.C. as confirmed on Monday. Green’s expertise is focused highly on regulatory and compliance issues related to electricity, natural gas, and renewable energy. Her broad experience includes working with Federal Energy Regulatory…
Akerman, a prominent law firm renowned for its Real Estate Practice Group, has welcomed Thomas Maira as the new chair of New York real estate private equity. Maira will also be serving in the capacity of a partner at the firm’s New York office, as announced on Monday. Having showcased his expertise in advising private…
Morris Manning & Martin, a law firm handling a wide range of legal issues, has announced the re-induction of Daniel Noice as a partner in its commercial real estate development and finance, real estate capital markets, and leasing practice groups in Atlanta, Ga. The announcement was made during a public statement shared on Monday. Noice,…
In a recent development, Paul Hastings, the renowned international law firm, announced the addition of three new partners: Kirk Lipsey, Chad Vance, and Sanjiv Tata. The announcement was made on Tuesday as reported by Bloomberg Law Automation. Kirk Lipsey and Chad Vance are joining the team as M&A partners. They previously served at Sidley Austin….
Former Federal Prosecutor Joshua Drew has recently been added to the roster at Miller & Chevalier, a well-established law firm. In his latest role he forms part of the firm’s litigation department, a statement released by the firm on Monday confirmed. In his role, Drew will be advising clients on a multitude of matters including…
John Hawk returns to his legal roots as he rejoined Womble Bond Dickinson as a partner in the business litigation group in Denver, Colorado. The firm confirmed his return in a recent announcement. A seasoned practitioner, Hawk brings with him specialized experience in consumer finance and insurance litigation. He is no stranger to defensive roles,…
Fox Rothschild recently announced two additions to its Litigation department in the New York office, with the welcoming of new partners David A. Gehn and Matthew B. Baum. The news, which reached the industry on Monday, further strengthens the firm’s robust litigation team. Gehn brings to the firm his expertise in handling complex commercial and…
Law firm Perkins Coie has argued that a lawsuit targeting its diversity fellowship program is irrelevant. This statement was made following a recent overhaul of the firm’s initiative. On Monday, the law firm stated in a filing to the US District Court for the Northern District of Texas that the revamped diversity program is now…
Experienced lawyer Alexis Finkelberg Bortniker has recently switched brands from Foley & Lardner, joining Cooley as a partner in the firm’s San Diego, Calif. branch. The move continues to bolster Cooley’s global life sciences and healthcare regulatory practice group. As detailed by Cooley, Bortniker’s previous tenure at Foley & Lardner included a role as co-chair…
Experienced transaction lawyer, Katja Persson, recently joined Baker McKenzie as a partner in its Stockholm, Sweden office. Persson’s addition will amplify the firm’s global M&A practice group, as announced by the law firm. Before joining Baker McKenzie, Persson was an in-house corporate lawyer at a real estate start-up. Notably, Persson lists an impressive track record…
It was recently announced that Katie Coltart, a celebrated name in cross-border intellectual property (IP) litigation, will be making the transition from Kirkland & Ellis to join the intellectual property team at Linklaters as a partner. The move reportedly is set to further bolster Linklaters’ global IP litigation services. With significant legal expertise spread across…
Morgan Stanley and financial advisers, who alleged the investment bank to have breached California wage laws, have reignited plans to solve their over $10 million dispute after it received fresh attention from a federal district judge subsequent to an appeal. The initial agreement was set aside last year following an appeal in the Ninth Circuit….
Renowned intellectual property attorney Betty Chen has recently become a partner at Desmarais in San Francisco, as announced by the firm on Tuesday. Chen’s area of expertise lies in intellectual property diligence and negotiations involving technology in the critically important standard essential patents space and licensing in the branded pharmaceutical sector. Chen has an impressive…
Charter Communications Inc. recently announced the appointment of Jamal Haughton as Executive Vice President, General Counsel, and Corporate Secretary. Haughton is scheduled to officially assume this role on November 6, as confirmed in a news release disseminated by the company. Prior to accepting the position at Charter Communications, Haughton held a similar role at Madison…
The ongoing trial of FTX co-founder, Sam Bankman-Fried, who stands accused of fraud and money laundering, has already presented testimony from significant personnel affiliated with the now insolvent crypto exchange. This glimpse into FTX’s operations has been insightful, particularly given the enterprise’s erstwhile valuation of $32 billion. Early testimonies have depicted a unique portrait of…