A patent attorney who was accused by Force MOS Technology Co. Ltd. of causing his client’s patents to expire by neglecting maintenance fees has managed to dispense with some claims. The claims dismissed were deemed to be duplicative of the legal malpractice allegation lodged by the company. US Magistrate Judge Susan Van Keulen of the…
In a recent decision, the Ninth Circuit Federal Appeals Court has ruled that a lawyer representing himself in a dispute should not be granted the same degree of liberal pleading standards that non-attorney pro se litigants receive. Read more in the detail account covered by Bloomberg Law. James Huffman, the attorney in question, found himself…
The Internal Revenue Service (IRS) and the conservation easement donor, LakePoint, have jointly petitioned a federal district court to delay the deadline for the tax agency to address a public document request. This comes as part of a lawsuit where LakePoint alleges that the IRS did not adhere to the appropriate timeframe for the provision…
Southwest Airlines Co. was denied a further stay of a Texas federal judge’s order requiring three of its in-house lawyers to attend religious liberty training. This follows the airlines’ failure to comply with a pro-life employee’s award in a discrimination lawsuit. Judge Brantley Starr ordered that by Sept. 26, Southwest’s lawyers must attend religious liberty…
The requirement for companies to disclose their recruitment and hiring technology tools, including those using artificial intelligence, is the latest change from a government contractor watchdog. However, this new requirement is causing concern amongst employer-side lawyers over the extent of the request. The Office of Federal Contract Compliance Programs’ updated supply and service scheduling setter…
X Corp., once known as Twitter, has followed suit with other tech industry giants in revising its privacy policy. The modifications will allow the company to utilise user data to bolster their efforts in artificial intelligence (AI) development. However, these changes may cause legal crosshairs to fall on X Corp., particularly due to the complex…
An Indiana appeals court has dismissed a derivative malpractice lawsuit filed by a shareholder in a consumer collections law firm against the outside attorneys tasked with assisting his office’s merger with a larger organization. The plaintiff in the case, Glenn Vician, was arguing against lawyers from the firm Bingham Greenbaum & Doll LLP. His lawsuit…
The fascinating world of Generative AI, prominently manifested through ChatGPT, is increasingly encroaching on public awareness. Its rise is spurring an interesting mix of potential fear and promise in regard to the future of work. As its relevance in the professional world becomes more profound, it opens up new opportunities for removing some traditionally tiresome…
In a historic first quarter, Sergio Ermotti, the new CEO of UBS Group AG, led the bank to noteworthy profit margins following its emergency takeover of Credit Suisse. However, the real challenge lies ahead for Ermotti and his team: the recovery of over $200 billion in assets that Credit Suisse’s clients withdrew in the quarters…
Alphabet Inc.’s Google requested a federal court grant them permission to interview the U.S Department of Justice’s top antitrust official under oath. Google alleges that this official, Jonathan Kanter, carries a ‘deep-seated bias’ that spurred on the federal government to sue Google over antitrust violations. Prior to his role as assistant attorney general for antitrust…
Lawyers, corporate leaders, and human resource professionals should take note of a brewing legal dispute concerning employer responsibility around employee commute accommodations for disabilities. The divide within federal appeals courts on this issue may manage to resolve without the need for intervention by the US Supreme Court. The US Court of Appeals for the Seventh…
The ongoing pandemic has triggered a different set of concerns for law firms and in-house legal departments. One of these issues centers on nurturing relationships with ‘Zoom Associates,’ the new cadre of legal practitioners who have onboarded and are operating in a substantially remote work environment. Certain partners have expressed dissatisfaction with the current skill…
Former US House Speaker Nancy Pelosi has called for regulatory measures on the rapidly advancing field of Artificial Intelligence (AI). During a Bloomberg Television interview, Pelosi described AI as a double-edged sword. She stressed that AI regulations should aim to protect creative work in industries such as entertainment. Significantly, Pelosi did not provide concrete specifications…
In recent legal developments, JPMorgan Chase & Co. reported over $1 billion in suspicious transactions linked to the late financier, Jeffrey Epstein to the US Department of Treasury. This sizable sum was identified posthumously, after Epstein’s death in 2019. The U.S. Virgin Islands (USVI), which has filed a lawsuit against JPMorgan, disclosed these detailed financial…
Arm Holdings Ltd., a prominent player in the technology sector, is reportedly planning to establish an initial offering price range before initiating its investor roadshow post-Labor Day. This account was provided by individuals in the know who wished to remain unidentified citing the confidential nature of the proceedings. This highly anticipated stock listing is thought…
The U.S. Center for SafeSport, a nonprofit organization established by Congress to combat sexual abuse within Olympic sports, has appointed Jessica Perrill as its new general counsel. With a background as a veteran prosecutor and Division III soccer player, Perrill brings a unique perspective to the role. Prior to her appointment, she held a senior…
The landscape of federal regulation of cosmetics is poised to undergo significant alterations. As of August, the Food and Drug Administration (FDA) has set forth a draft guide detailing new requirements pertaining to facility registration and product listing for all cosmetic product manufacturers. This action marks an evolution in the FDA’s regulatory power, as the…
New regulatory risks originating from the financial services sector can cause a significant influence on the value of fintech mergers and acquisitions. Bearing this in mind, on June 6, U.S federal banking regulators put forth their final guidance on managing risks associated with third-party relationships. The issued interagency guidance gives supervised banking organizations a broad…
In an ongoing civil lawsuit alleging asset inflation by Donald Trump, the former president sat with New York Attorney General Letitia James on April 13, testifying under oath for seven hours. As detailed in the report by Bloomberg Law, the suit claims an inflation of Trump’s wealth of up to $2.2 billion annually. Trump countered…
U.S. Supreme Court Justice Clarence Thomas’ annual financial disclosure statement was accompanied by a unique letter from his personal attorney, Elliot Berke. The letter was issued in defence of the luxury travel, trips, and property deals that the justice received from Republican mega-donor Harlan Crow. Berke’s letter, released separately on Thursday, described attacks on Thomas…
Donald Trump, Ex-president of the United States, has waived his right to an in-person arraignment in Georgia state charges, opting to plead not guilty to the allegations of conspiring to overturn the 2020 presidential election results – as reported by Bloomberg Law. The former president, on Thursday, lodged his plea through a brief court filing,…
The takeover of Black Knight Inc. by Intercontinental Exchange Inc. is set to proceed following clearance from the US Federal Trade Commission (FTC). A binding settlement has been accepted which requires key mortgage software products owned by Black Knight to be sold to rival company, Constellation Software Inc. This outcome was arrived at after the…
The California Supreme Court has instructed the state bar to revise its proposed amendments to the conflicts of interest code for board trustees. The court has expressed that the proposed changes do not meet the statutory requirements for disclosure and prevention. The court’s directive to alter these amendments is the most recent development in the…
US Representative Max Miller (R-Ohio) and Stephanie Grisham, former White House Press Secretary under President Donald Trump’s administration, have settled a libel lawsuit instigated by Miller. The allegations at the heart of the lawsuit involved accusations of domestic violence, with Grisham having accused Miller of physical abuse during the period when they were romantically involved….
Auditors are seeking further guidance from the Public Company Accounting Oversight Board (PCAOB) as regulators explore new requirements for examining digital records with modern data analysis tools. Primarily, these audit firms are calling for clear instructions addressing two key issues prevalent in this era of big data. Initially, the firms are interested in how potential…