The New York State Department of Financial Services (DFS) has issued an advisory directive as of January 22, encouraging banks to thoroughly vet the “character and fitness” of their top leadership personnel. Given the recent corporate failures, including the bankruptcy of various crypto exchanges and bank busts, it’s crucial that financial institutions take this advice…
Major turkey corporations, including Cargill, Perdue, and Tyson are currently entangled in allegations of price-fixing. The situation escalated on Friday in an Illinois federal court, where they significantly clashed with a Burford Capital affiliate regarding the implications of a federal magistrate judge’s ruling in a parallel lawsuit. The contentious point of dispute lies in the…
Recent issues regarding Air Canada’s AI chatbot offer a compelling case study for litigation risks presented by novel technologies in corporate operations. As reported in the New Jersey Law Journal, attorneys have relayed warnings that mishaps like these with AI chatbots could be the precursors for emerging consumer protection class-action lawsuits. A marked increase in…
Two recent Roundup verdicts have provided contrasting outcomes for Monsanto, the manufacturer of the pesticide Roundup. Monsanto claimed victory in an Arkansas trial, its 11th win to date on Roundup-related litigation. Simultaneously, a Delaware judge declared a mistrial in a separate Roundup trial, the first of its kind in the state. The trial in Arkansas…
Brazil, alongside other South American countries, has recently stood in solidarity with Argentina, following a US court judgment involving Argentina’s appeal of a $16.1 billion charge. The colossal legal case arose from the nationalization of oil company YPF SA in 2012, an action that has drawn significant attention from the international legal and business community….
Vincent Galluzzo, an intellectual property (IP) expert, has left Crowell & Moring to join K&L Gates as a partner in the firm’s IP practice in Charlotte, NC. Known for his extensive work in high-tech patent and trade secret litigation, appeals, and software licensing disputes, Galluzzo’s addition to the team is expected to further bolster the…
Johnny James, who was part of the litigation team that prosecuted the high-profile case of Alex Murdaugh, a former attorney from South Carolina, is set to assume the role of federal prosecutor with the U.S. Capitol Police and a U.S. attorney’s office in California. James’ role, which commences March 11, will be instrumental in the…
It has been a particularly dynamic week in Delaware’s Chancery Court, a judicial arena long renown amongst legal practitioners. The court witnessed a varied caseload including disputes over a Swedish music producer’s takeover, a proposed award payable in Tesla shares, clashes involving Truth Social stocks, and more. A candid reprimand from the bench added to…
Baker Donelson, a legal heavyweight in the United States, has opened a new office in Charlotte, North Carolina. With eight shareholders coming on board from Nelson Mullins Riley & Scarborough, it’s a significant expansion of their footprint. This is Baker Donelson’s third new office in the Carolinas in less than three years. The firm commenced…
In a recent development, global law firm Paul Hastings LLP has expanded its intellectual property cadre by hiring a team of six partners from competing law firm Allen & Overy LLP. An announcement made on a Monday underlines the firm’s strategic decision to augment its IP practice nationwide amidst the increasing complexity of IP-related legal…
Boeing, the renowned aviation company, is currently dealing with increasing legal problems and has employed a plethora of prominent law firms to handle the resulting litigation and investigations. Firms such as Perkins Coie, Kirkland & Ellis, McGuireWoods, Jones Day, Mayer Brown and Quinn Emanuel Urquhart & Sullivan have been appointed as legal counsel for the…
Jimoh Ovbiagele, the co-founder of the now-defunct AI legal research startup ROSS Intelligence, is making a return to the legal tech scene. He’s taking the helm as CEO of Bench IQ, a new startup which aims to use generative artificial intelligence (AI) to illuminate judges’ decision-making patterns. What makes Bench IQ unique is that it…
The Illinois Appellayte Court First District, Fourth Division recently reversed a summary judgment favoring Motorola Solutions, in regard to multiple negligence lawsuits. These claims identified significant queries concerning whether employees exposed to potentially harmful reproductive chemicals at a Motorola semiconductor plant resulted in severe birth defects in their offspring. This reversal in court was primarily…
Former IRS Commissioner, Chuck Rettig, has made the transition from public service to the private sector, joining the law firm Chamberlain Hrdlicka. This major career move was officially announced on Monday. Throughout his career, Rettig has been a powerful influence in tax administration. Appointed to the position of IRS Commissioner by then-President Donald Trump, he…
The challenge with e-discovery for smaller law firms is the fact that numerous e-discovery products currently available on the market are tailored for larger law firms focused on big cases. Given their design intent, these applications are often more expensive and intricate than smaller firms can handle. Smaller law firms’ go-to guide on e-discovery practices…
In a significant move for the legal industry, Paul Hastings has hired a six-partner intellectual property (IP) litigation team from Allen & Overy. Expanding its tech-focused offerings in Northern California, the team will be based in Palo Alto, New York, and Washington, D.C. A major component of this team’s expertise lies in patent litigation and…
In a notable development, law firm Paul Hastings has recruited a technology-focused intellectual property (IP) litigation team consisting of six partners from Allen & Overy. This hiring complements a series of group hires instigated earlier this year by Paul Hastings. The newly engaged partners, who will operate out of Palo Alto and Washington, DC, while…
In a significant shift, White & Case has recently added Keith Hallam, a renowned dealmaker from Cravath, Swaine & Moore, to their New York team. This is seen as a continuation of White & Case’s strategy of expanding its M&A operations in a competitive market that continues to globalize Keith Hallam brings 17 years of…
The United Kingdom is reportedly preparing to ease rules on litigation funding, overturning a controversial Supreme Court ruling. The move comes in response to growing concerns over access to justice, particularly for individuals and small businesses. According to an article in the International Edition of Law.com, there are impending legislative changes. Moreover, the government has…
In an upcoming litigation, the influence of the U.S. Securities and Exchange Commission (SEC) on the inclusion of shareholder proposals on companies’ annual meeting ballots is set to face rigorous judicial scrutiny. This case comes as corporations and conservative entities contest the power wielded in these matters by the Democrat-led agency. The lawsuit in question,…
The Massachusetts Supreme Judicial Court, in a bid to uphold First Amendment protections, has introduced a new protocol for retaliatory lawsuits aimed at suppressing free speech. Widely lauded by business and employment lawyers alike, the latest changes are expected to expedite litigation while providing enhanced protection of free speech rights. The previous process for dismissing…
Burford Capital, recognized as the world’s largest publicly traded litigation funder, continues to expand its team, most recently adding a Kobre & Kim partner who is an expert in enforcing rulings related to foreign assets. This move comes as Burford anticipates a substantial payout from a recent litigation win. The company is expected to net…
The Alabama House and Senate have both passed bills that aim to safeguard in-vitro fertilization (IVF) clinics from potential legal complications. This new legislation arrives on the heels of a controversial Alabama Supreme Court decision in LePage v. Mobile Infirmary Clinic, Inc., where frozen embryos were effectively classified as children. The House passed a bill…
Major oil companies are appealing to the United States Supreme Court to halt a state lawsuit in its tracks. This call to action comes in response to a decision by the Hawaii Supreme Court, which has paved the way for Honolulu city to pursue damages and remedies for the impact of climate change, a burden…
Consistent with an emerging trend among leading law firms, the Am Law 200 has witnessed a surge in Intellectual Property (IP) litigation hires this week. This coalescing consensus identifies IP practices as a notable growth area for 2024. Law firms are strategizing to further bolster their overall growth by capitalizing on this burgeoning opportunity, as…