ABA Journal

Corporate Law

2734 ABA Journal Corporate Law articles.

Longtime leader in legal ethics and professional responsibility will receive ABA Medal

Through a legal career that spans more than five decades, Lawrence Fox has become nationally recognized for his leadership in professional responsibility and legal ethics and his commitment to pro bono work.

Disbarred lawyer can’t discharge debt he owes state bar for client losses, bankruptcy judge says

A disbarred California lawyer can’t use a bankruptcy to discharge more than $2 million in debt that is owed to a fund used to reimburse his former clients, a federal bankruptcy judge has ruled.

Jurors are told former law firm partner created sham creditor to help client shield assets

Did a former Freeborn & Peters partner create a sham creditor to help his client shield assets in a bankruptcy? Or did he engage in a legitimate legal strategy to try to save a struggling business and help out a neighbor?

Suit claims law firm leader began firings after complaining about employees’ support for Trump

A lawsuit filed in Minnesota state court has alleged that the leader of a law firm ordered the firing of two employees for supporting former President Donald Trump and then ousted three partners who told him that his actions violated state law.

Consumer suit alleges ‘Hint of Lime’ packaging overstates the fruit amount in Tostitos chips

A federal lawsuit filed last month against Frito-Lay North America Inc. has alleged that the maker of the corn chips, potato chips and other snack foods misleads consumers by touting a “Hint of Lime” in Tostitos chips that apparently contain only a “negligible amount of lime.”

Afternoon Briefs: New York City law department hacked; Stanford Law wasn’t involved in fake flyer fracas

New York City law department is hacked

Lawyers in New York City’s law department have no remote access to the the computer system after a computer hack, a spokesperson said…

Afternoon Briefs: MLB faces federal lawsuit for moving All-Star Game; entertainment lawyer starts singing career at 92

Atlanta business group sues MLB for moving All-Star Game

Job Creators Network, a conservative organization that represents small businesses, is suing Major League Baseball for moving the July All-Star Game…

Amazon drops arbitration requirement after facing over 75,000 demands

Many companies require their employees and customers to resolve disputes through arbitration rather than in the courtroom. Now, Amazon is no longer one of them.

Lawyer described as ‘Don Quixote of student debt’ relief decides to run for Congress

A lawyer who has been pursuing relief for student borrowers in bankruptcy court has decided to run for Congress in 2022 on a platform that includes reforming rules for cancellation of such debt.

California often leads the way in passing environmental and consumer protection laws

A slew of measures passed in California in recent years in hopes of expanding consumer or environmental protections further afield. Whether it’s product ingredients or data privacy or pollution prevention, California is frequently where such laws start.

How do firms benefit from hiring a CFO?

The new frontier of health care is here, but will DNA privacy be lost?

Advocates are concerned about the privacy of data collected by genetic testing companies; what control consumers have over their DNA data once it’s been submitted to 23andMe and other genetic testing firms; and what recourse consumers have if companies’ assurances of privacy prove unreliable.

BigLaw partner is charged with securities fraud in connection with alleged Ponzi scheme

Baker, Donelson, Bearman, Caldwell & Berkowitz health care partner Jon Darrell Seawright has been charged along with a former lobbyist at the firm for their roles in an alleged Ponzi scheme involving fake timber purchases.

Plaintiffs law firm kicked off securities class action for failing to disclose client’s investment in short position

Plaintiffs law firm Robbins Geller Rudman & Dowd has been kicked off a securities class action alleging that investors lost money when a Mexico-based media company concealed a scheme to bribe soccer officials for broadcasting rights.

Legal malpractice payouts are the highest on record, insurance broker reports

Payouts for legal malpractice claims are at an all-time high, according to a new survey by insurance broker Ames & Gough. Ames & Gough surveyed 11 leading legal malpractice insurers about claims paid from 2019 to the middle of 2020.

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