Texas Attorney General Ken Paxton (R), a conservative firebrand acquitted last year in a historic impeachment trial, has reached an agreement with prosecutors to avoid trial on long-standing state felony securities fraud charges.
The three law firms that successfully sued to overturn SpaceX owner and Tesla CEO Elon Musk's $55.8 billion Tesla compensation package are seeking attorney fees payable in company stock worth more than $5.6 billion.
Few people in the world have the power to order around Elon Musk. One of them is a soft-spoken, small-town-raised, 44-year-old Delaware judge named Kathaleen McCormick.
Scan corporate financial filings, and it doesn’t take long to notice that companies often dismiss legal actions brought against them as being “without merit” or “meritless.” But a federal court ruling suggests that reliance on such phrases can backfire when it comes to litigation disclosures.
Conservative justices on the U.S. Supreme Court appeared ready to limit or overturn the 1984 decision that established Chevron deference, the principle that federal courts should defer to reasonable agency interpretations of ambiguous laws, according to media coverage of oral arguments Wednesday.
A lawyer who was formerly on the faculty at Loyola University Chicago has persuaded a federal judge that he deserves a judgment of acquittal in an insider trading case because of inconsistent verdicts by the jury that had convicted him in January.
A Brazilian lawyer has been sentenced to two months in prison for trading on inside information that he obtained while working as a visiting attorney at Gibson, Dunn & Crutcher in Washington, D.C.
High-profile lawyer David Boies charges $2,110 per hour, putting him “in a still-rarified realm of attorneys who charge upwards of $2,000 an hour,” according to Reuters.
Covington & Burling has agreed to turn over to the U.S. Securities and Exchange Commission the names of six corporate clients apparently affected by a data breach, resolving an agency lawsuit that at first sought the names of 298 publicly traded clients.
After his acquittal at an impeachment trial Saturday, Republican Texas Attorney General Ken Paxton alleged that the “sham” proceeding was coordinated by the Biden administration along with the “liberal” speaker of the Texas House of Representatives, Republican Dade Phelan.
A federal magistrate judge is recommending approval of an agreement in which Davis Wright Tremaine would pay $4.5 million to settle a proposed class action lawsuit claiming that it aided the sales of fraudulent real estate securities.
Suspended Republican Texas Attorney General Ken Paxton is “not fit to be the attorney general for the state of Texas," according to Texas State Rep. Andrew Murr, who is serving as an impeachment prosecutor.
Updated: A proposed class action lawsuit filed Monday alleges that Fenwick & West aided fraud by cryptocurrency exchange FTX and Samuel Bankman-Fried, its founder.
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