ABA Journal

Corporate Law

3092 ABA Journal Corporate Law articles.

The goal of DEI is not without legal risk for corporate America

Did Polsinelli violate $14M flat-fee deal to provide ‘legal counsel’? 3rd Circuit rejects claim

A federal appeals court has refused to revive a lawsuit claiming that Polsinelli breached a flat-fee agreement to provide “legal counsel” by sending work covered by the agreement to another law firm that billed Polsinelli’s client for its trial work.

Proskauer settles suit claiming 1 contract clause caused client’s $636M loss

Proskauer Rose has settled a lawsuit claiming that a clause that the law firm added to a contract in a “botched cut-and-paste” caused a client’s losses of around $636 million.

Judge rips lawyers for ‘egregious’ repetition in opinion finding Trump liable for inflating finances

A New York state judge ruled in a civil lawsuit Tuesday that former President Donald Trump inflated the value of his property in fraudulent statements provided to lenders and insurers.

Judge sanctions Buchalter over $147K for ‘unsupported arguments’ and misleading assertions

A federal judge in Seattle has ordered Buchalter to pay more than $147,000 to its opponents for prolonging discovery through "unsupported arguments" and false or misleading assertions in litigation.

‘I see legal finance moving into ubiquity,’ says litigation funding company co-COO

Ari Kaplan recently spoke with David Perla, the co-chief operating officer at Burford Capital, a litigation funding company and a leading provider of legal finance.

Sullivan & Cromwell’s history with FTX draws scrutiny as it racks up bankruptcy fees

FTX founder Sam Bankman-Fried has alleged that Sullivan & Cromwell lawyers made him the fall guy in the collapse of the cryptocurrency exchange while downplaying its work for the company.

After abrupt resignation, legal tech CEO faces groping allegations

Legal technology CEO Kiwi Camara’s resignation last week has been followed by a new report suggesting that the executive allegedly groped a young female employee at a company dinner.

David Boies’ high hourly fees pale in comparison to request by lawyers suing Tesla

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.

Law prof parents of FTX founder used influence to enrich themselves, suit alleges

Collapsed cryptocurrency exchange FTX Trading has filed a lawsuit alleging that two Stanford Law School professors—the parents of the company’s founder—used their influence to enrich themselves.

2 partners ‘repeatedly hounded’ attorney, making her job impossible, $20M sexual harassment suit says

Updated: A former international corporate attorney at Polsinelli has alleged that she experienced “callous gaslighting” and retaliation by the law firm when she complained about sexual harassment by two influential senior partners.

Covington settles SEC suit demanding names of clients affected by data breach

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.

10th Circuit upholds ban on firearms for felon convicted of check fraud

The federal ban on gun possession by felons doesn't appear to be affected by a 2022 Second Amendment decision by the U.S. Supreme Court, a federal appeals court has ruled.

Texas AG Paxton warns Biden administration to ‘buckle up’ after acquittal at impeachment trial

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.

Who’s at fault when engagement ends? Appeals court considers issue in suit for return of $70K ring

A man who called off his engagement is entitled to the return of a $70,000-plus engagement ring and a wedding band, the Massachusetts Appeals Court has ruled in a 2-1 decision.

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