Littler Mendelson, an esteemed American law firm specializing in labor and employment law, has recently announced a new addition to their team. Mattheus Stephens has joined the firm as a shareholder in their San Diego, California office, as reported on Monday. Previously associated with Schor Vogelzang & Chung, Stephens brings a wealth of experience with…
Alexandra LaCombe recently joined the ranks of Fisher Phillips, a leading labor and employment law firm in the United States, as a partner in their Detroit office. This was announced by the firm through a recent statement. Graduated from prestigious law schools, Ms. LaCombe brings her strong background in corporate US immigration, especially in areas…
Former U.S. President Donald Trump’s legal troubles are burgeoning at a time when the race for the 2024 presidential election is gaining momentum. According to Bloomberg, Trump, who is preparing for another bid for the White House, potentially faces as many as six criminal and civil cases in the coming year. These cases include lawsuits…
King & Spalding announced the addition of Mitch Tiras to their corporate, finance, and investment practice group. Tiras joins the firm as a partner based in Houston, Texas, migrating from Locke Lord. According to Bloomberg Industry Group, the firm released this news on Monday. Tiras’s work specializes in the tax aspects of structuring and executing…
The trial of Donald Trump in Washington has been confirmed for March 4, 2024. Trump stands accused on federal charges of conspiring to obstruct the 2020 presidential election, a major legal development that could mark a notable turn in the American political landscape. The announcement of the date was made on Monday by US District…
Eversheds Sutherland, a global law firm, has announced the addition of Michael Lebovitz as a partner in their tax practice group. Based in San Francisco, California, Lebovitz is an established name in the field of international tax advice. His strategic counsel on joint ventures, cross-border mergers and acquisitions, post-transaction integration, international corporate finance, and capital…
The American Bar Association (ABA) is delving into one of the critical issues that currently preoccupy law firm leaders – the rise of generative AI, such as ChatGPT, and the anticipated adjustments within Big Law firms to accommodate this rise. The ABA has convened a new panel, titled the ABA Task Force on Law and…
Jonathan Leiken, an experienced legal professional, has been appointed as executive vice president, chief legal officer, and secretary at Dollar Tree, Inc., as stated in a recent news release. Prior to this, Leiken served as executive vice president, chief legal officer, and secretary at Diebold Nixdorf, Inc. This technology firm specialises in delivering systems, services,…
Former President Donald Trump’s arraignment hearing regarding charges that he attempted to influence the results of the 2020 presidential election in Georgia is scheduled for September 6, at 9:30 a.m. Bloomberg Law reports that the hearing is to take place before Fulton County Superior Court Judge Scott McAffee. Alongside Trump, 18 alleged co-defendants, including long-time…
In a recent turn of events, electric-vehicle company Xpeng Inc. witnessed a surge in its share prices following the agreement to acquire the smart-car development unit of Didi Global Inc.. This significant move not only eliminates a potential contender in the heavily crowded electric-vehicle market but also brings on board a technologically advanced partner for…
Hawaiian Electric Industries Inc., the parent company of Hawaiian Electric Co., saw its shares take flight following a statement from the utility company, citing that its power lines had been de-energized several hours ahead of a catastrophic wildfire that claimed the lives of at least 115 individuals in Maui earlier this month. This information was…
In a noteworthy development, Mayer Brown’s bankruptcy team successfully steered GWG Holdings through a 16-month Chapter 11 process, marking the most significant debtor-side restructuring in the firm’s history. The sensitive case involved the entire board resignation of the company and an investigation into GWG’s downfall by the Securities and Exchange Committee. More details on this…
In an anticipated turn of events, key drugs widely used across the United States may soon see a price reduction under the Medicare program. If implemented, such a development could result in significant savings for taxpayers, potentially to the tune of billions of dollars, while concurrently impacting the profit margins of large pharmaceutical firms. Preparations…
SpaceX, the private rocket manufacturer led by tech wunderkind Elon Musk, has recently found itself embroiled in legal difficulties with the Justice Department. The crux of the issue? SpaceX has allegedly violated federal immigration law, prioritizing export control compliance at the expense of antidiscrimination measures. On August 24, the DOJ filed an administrative lawsuit, contending…
The advent of ChatGPT last year and subsequent acceleration of generative AI technologies have encompassed the legal departments of corporations worldwide. In-house lawyers have found themselves challenged with the task of devising appropriate governance for the use of this new tech, with primary concerns centered around the protection of confidential business and customer data, and…
An investor’s challenge against Earthstone Energy Inc.’s $280 million financing deal with its most significant stockholder, EnCap Investments LP, has been a highlight of the week in the Chancery Court. In a dramatic turn of events, the investor made an emergency move to expedite the case in light of the breaking news regarding Permian Resources’…
The world’s largest law firms are grappling with filling executive roles in diversity, equity, and inclusion (DEI) amidst novel impediments to recruitment programs centred around candidates from underrepresented backgrounds. This issue generalizes even to some of the corporate world’s distinguished legal departments, constituting a global pressing concern. “I have watched people go from firm to…
The potential of generative artificial intelligence (AI) to reshape the business landscape is becoming more pronounced, as growing numbers of companies look to harness its capabilities. In comparison with many other recent tech revolution, the transformative impact generative AI could have mirrors the sweeping changes brought about by the onset of the internet era. In…
Indeed, the Covid-19 pandemic not only took a massive toll on human life and the economy, it also facilitated a wave of fraudulent behavior with individuals and businesses illegitimately claiming, by some estimates, over $200 billion in Economic Injury Disaster and Paycheck Protection Program loans, in addition to a staggering $45 billion in pandemic unemployment…
The US Chamber of Commerce, along with multiple affiliates, has requested a federal judge to turn down an attempt by the Biden administration to dismiss a lawsuit brought forth by the business group. The intention of this lawsuit is to pause the negotiation program for Medicare drug prices. This information was revealed in a report…
Instacart, America’s largest online grocery delivery platform, recently revealed its plans to go public. The move came amidst a rapid deceleration in the growth of its primary business, pushing the company to look for novel avenues to generate revenue. According to the data supplied in its filing with the US Securities and Exchange Commission, there…
Business and legal services provider Kroll has been cooperating with federal law enforcement following a hacking incident that potentially put customer data at risk. Affected customers are reported to be from bankrupt crypto platforms FTX, BlockFi Inc, and Genesis Global Holdco. The details were divulged when Kroll announced the incident on August 19th. Bloomberg reported…
3M Co. has consented, albeit tentatively, to pay upwards of $5.5 billion in an effort to resolve over 300,000 lawsuits that claim that the company sold defective combat earplugs to the US military, according to information from individuals connected with the agreement. Bloomberg Law reports. This significant settlement would sidestep a potentially much bigger liability…
In a recent development, the Federal Trade Commission (FTC) has decided to temporarily halt its in-house proceedings to block Amgen Inc.’s takeover of Horizon Therapeutics Plc, a deal valued at $27.8 billion. The pause sets the stage for potential settlement talks that could resolve the agency’s challenge to the deal. The FTC issued an order…
An AI face-swapping app might not be able to avoid a lawsuit from a reality TV contestant, following a hearing on a motion to dismiss. Kyland Young, a finalist on CBS’s “Big Brother”, has argued that the altered clips of him on a show infringe on his California’s right of publicity, as indicated in a…