ABA Journal

Corporate Law

2815 ABA Journal Corporate Law articles.

Lawyer on university faculty is charged with insider trading

A Chicago lawyer who was a faculty member at the Loyola University Chicago was indicted Monday for allegedly making a $110,000 profit by trading on insider information passed along by a college friend.

FTC’s revised antitrust suit against Facebook survives motion to dismiss

A federal judge in Washington, D.C., on Tuesday allowed the Federal Trade Commission to proceed with its revised antitrust lawsuit against Facebook.

Elite universities violated antitrust law in financial aid collaboration, lawsuit claims

Nine elite universities sometimes consider applicants’ ability to pay tuition during the admissions process, which means that the schools should not be entitled to an antitrust exemption that allows them to collaborate on financial aid formulas, a federal lawsuit has alleged.

Federal judge says it’s ‘almost insane’ to assert wife’s stock holdings affected his decisions

Updated: A federal judge in Virginia said in a recusal hearing last week that it was “almost insane” to assert that his wife’s $22,000 holding in Amazon.com Inc. stock affected his decisions in a case involving the company.

Will SCOTUS block vaccine mandates? Decision could come quickly

The U.S. Supreme Court on Friday heard challenges to the Biden administration’s nationwide vaccine mandates for employees of large businesses and health care facilities that receive federal funds.

Institute for Well-Being in Law will host first virtual conference later this month

A nonprofit formed to further the work of the National Task Force on Lawyer Well-Being that the American Bar Association participated in will host its inaugural conference later this month.

Airport’s general counsel resigns amid reports that he slapped subordinate

The general counsel at the Denver International Airport has stepped down amid accusations that he repeatedly slapped a colleague at a holiday party.

Interested in helping Afghans apply for asylum? Here’s a way to start

The ABA Commission on Immigration, through a new partnership with refugee resettlement agency HIAS, is hoping to help more people from Afghanistan who were evacuated to the United States after the Taliban took over their country last year.

Jury finds Elizabeth Holmes, CEO of blood-testing company Theranos, guilty of fraud

A jury on Monday found Elizabeth Holmes, the former CEO and founder of failed blood-testing startup Theranos, guilty on four of 11 federal charges related to fraud and conspiracy.

Former legal chief at Farmers Insurance awarded $150M in punitive damages in firing suit

The former legal chief for Farmers Insurance was awarded $150 million in punitive damages Thursday in a wrongful termination lawsuit claiming that he was wrongly blamed for a sex-bias suit filed by female attorneys.

Bankruptcy court had no authority to shield Sackler family in Purdue Pharma bankruptcy, judge rules

A bankruptcy judge had no statutory authority to shield the Sackler family—which owns debtor Purdue Pharma—from civil lawsuits related to the drugmaker’s marketing of the opioid OxyContin, a federal judge ruled Thursday.

Meet 12 ABA members who inspired us in 2021

The ABA Journal regularly profiles exceptional ABA members in its Members Who Inspire series. In the past year, we featured many in the legal field who are encouraging and energizing others with their good work, including advocating for inmates on death row, mentoring prospective law students of African descent and fighting to stop bullying in the workplace.

August Hieber helps create access to legal services for older LGBT adults

August Hieber created Proud to Thrive, the first program in Chicago specifically designed to provide culturally responsive legal advocacy to LGBT older adults. Hieber recognized this population is less likely to access resources because of past experiences with discrimination and worked with the Center for Disability & Elder Law to host legal clinics and train other legal professionals on how to offer services.

Real estate lawyer will plead guilty in case accusing him of stealing millions in client escrow cash

New York City real estate lawyer Mitchell Kossoff is expected to plead guilty as soon as this week to allegations that he stole millions of dollars in clients’ escrow money.

Judge is kicked off foreclosure case that morphed into ‘ever-escalating battle’

A Florida appeals court has kicked a judge off a foreclosure case and barred her from considering an order to show cause that alleges perjury by the Bank of New York Mellon and others associated with the case.

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