Williams Cos. recently emerged as the victorious party in a seven-year legal battle over its unsuccessful $33 billion merger with Energy Transfer LP. The pipeline operator successfully defended against a challenge from its competitor, resulting in a $495 million court win. The case was ruled on by the Delaware Supreme Court, which decided in the…
Jenner & Block, a prominent law firm, recently expanded its team in Washington, D.C., by adding Jonathan Skladany as a new special counsel. Skladany’s role will span the congressional investigations and government controversies and public policy litigation practices, as announced by the firm on Monday in their news update. Skladany’s professional background is steeped in…
Brad M. Brown, former partner and general counsel at 3G Capital, has recently joined Paul Weiss, as a partner in the private funds group within the corporate department in New York. During his tenure at 3G Capital, an investment management firm, Brown provided counsel on tax structuring, investment management M&A, and the formation of private…
The United States Supreme Court recently declined to review the Food and Drug Administration’s (FDA) decision to reject an application by Avail Vapor to market flavored electronic cigarettes. This move by the Supreme Court anchors the FDA’s contested win, which Avail Vapor claimed came from last-minute changes to the application process for new tobacco products….
In a significant ruling, the US Supreme Court denied a petition seeking to revise the stringent ‘actual malice’ standard required for libel suits against media outlets, as reported by Kimberly Strawbridge Robinson, a noteworthy legal affairs contributor for Bloomberg Law. The ruling affirms the consequential precedent established in New York Times Company v. Sullivan ….
Doug Bryden, seasoned sustainability expert, has punctuated his career with an exciting move, joining Freshfields Bruckhaus Deringer as a partner in their global Environmental, Social, and Governance (ESG) and Sustainability practice, based in London as reported by Bloomberg Law Automation. Bryden’s extensive portfolio includes assisting corporate boards and investors to devise effective ESG and governance…
As reported by Bloomberg Law Automation on October 10, 2023, Kenneth E. Sharperson has been enlisted by the Armstrong Teasdale law firm to serve as their Chief Diversity Officer based in New York. Armstrong Teasdale has stated that Sharperson will be responsible for leading a diverse and inclusive culture at the firm by working on…
Morgan Stanley, a multinational investment bank, is connected to one of the most notable legal cases in the foreign exchange market today. It is reported that the bank sold and paid out a $20 million option. This is the very option that federal prosecutors allege instigated Neil Phillips, a co-founder of Glen Point Capital, to…
Welcome to today’s legal news report. The current attention-grabber in the legal world is about Yelp Inc.’s request to remove a well-established law firm, Paul Weiss, from representing Google, an Alphabet Inc. subsidiary, in the ongoing antitrust lawsuit led by the U.S. Justice Department. Paul Weiss’s representation history extends to Yelp itself, as well as…
In the wake of a landmark affirmative action decision, there have been cases where businesses have had to defend their racial diversity and inclusion (DEI) programs in court. To counter legal attacks, some companies are strategically altering language surrounding eligibility criteria for their DEI programs, specifically downplaying references to minorities. The alteration of diversity program…
Lately, the legal troubles of Sam Bankman-Fried have been casting a cloud over the success of his business endeavors. Accustomed to generating headlines for his financial achievements and philanthropic efforts, he now figures prominently in legal news, a shift marked by increasing criminal charges and lawsuits resisted in multiple jurisdictions. The young entrepreneur’s legal issues,…
Recently, a panel of esteemed judges spoke at the annual William & Mary Law School. Among them were David R. Stras, of the US Court of Appeals for the Eighth Circuit, Stephanos Bibas of the Third Circuit, Robin S. Rosenbaum of the Eleventh Circuit, and Toby J. Heytens of the Fourth Circuit. The judges discussed…
Biotech entrepreneur and GOP presidential hopeful Vivek Ramaswamy, who founded Strive Asset Management as an answer to the “woke” investment practices of established firms like BlackRock Inc., is now setting the course to pivot from an “anti-ESG” base for his growing company. The so-called “woke” practices refer to the integration of environmental, social, and governance…
The NAACP Legal Defense Fund is once again before the U.S. Supreme Court, this time arguing a significant redistricting case in South Carolina. The civil rights organization is seeking to replicate its prior success at the court. The case revolves around a dispute between GOP legislators and Black voters, a dispute that is emblematic of…
At a glance, the issue of dress codes at the workplace may seem trivial. Strikingly, however, the apparently innocuous topic reached the U.S Senate recently. In response to concerns about deviating appearances of the senators, a bipartisan resolution necessitating a ‘business attire’ was approved for the Senate floor, recalls Rob Chesnut – former general counsel…
The balance of power between clients and partners in the legal sector has shifted substantially in favor of clients, prompting significant technological transformations. Now, clients demand more than personal connections and dive deep into a law firm’s qualifications and technology stack before choosing their legal counsel. The legal sector is responding by evolving its marketing,…
With the increasing trend towards remote work and a shift from on-premise platforms to the cloud, businesses are transforming their operations to be more efficient. This change, however, also exposes companies to an array of new security risks and cyber threats. This issue is especially prominent within in-house legal departments, as three major themes emerge…
President Joe Biden has been interviewed as part of an investigation into classified material found at a former private office and one his private homes in Delaware, according to a report in Bloomberg Law. The interview, conducted over two days and capsuled in the White House, was part of an ongoing investigation conducted by Special…
The increasingly contentious battle between Texas Attorney General Ken Paxton and the state House Republicans has escalated, as Paxton issues threats of criminal complaints against lawmakers. These threats from Paxton, who was acquitted on all impeachment counts by the Republican-led Senate last month, are aimed at state legislators who were responsible for his impeachment trial….
Noted activist investor, Nelson Peltz, has reportedly been making moves to secure a number of board seats at Walt Disney Co. according to people close to the matter, as reported by Bloomberg. This comes after Peltz significantly expanded his stake in the world-renowned entertainment giant. Peltz’s Trian Fund Management has reportedly increased its stake in…
Attorney John Eastman failed in his attempt to invoke Fifth Amendment protection, denying him from testifying about the memos he wrote stating the vice president could dismiss electoral votes and declare Donald Trump the winner of the 2020 presidential election. This decision came on Tuesday when State Bar Court Judge Yvette D. Roland discarded the…
Kroger Co. and Albertsons Cos., two prominent grocery conglomerates, are currently in discussions to sell their stores to C&S Wholesale Grocers, backed by SoftBank Group Corp.. This move is said to be part of a strategy to win regulatory approval for a proposed $25 billion merger between Kroger and Albertsons. Notably, the sale is, in…
US prosecutors have voiced concerns to a judge stating that former President Donald Trump’s daily comments about a Washington, D.C. election obstruction case could “prejudice” the jury pool in the nation’s capital. These assertions were made amidst ongoing legal proceedings and dispute with Trump’s legal team concerning a government request to file a sealed motion….
In a recent court case in Maryland, a departure contract agreement regarding attorney contingent fees managed to withstand a lawsuit. The agreement in question had been inked between a law firm, Ashcraft & Gerel LLP, and an attorney of the firm, Jamie Bennett. The court found that this agreement did not contravene the Maryland Attorneys’…
The upcoming initial public offering (IPO) of Arm Holdings Ltd, one of the biggest anticipated this year, has reportedly earned three major law firms nearly $18 million in legal fees. This information was revealed in a recent filing by Arm Holdings Ltd reported by Bloomberg Law. Among those managing this significant deal are Morrison &…