Corporate Law

BigLaw firm and client sanctioned nearly $275K after judge sees ‘nasty litigation tactics’

A federal judge in Colorado has ordered Seyfarth Shaw and its client, a subsidiary of the Stryker Corp., to pay nearly $275,000 as an additional sanction for improper discovery tactics.

May 29, 2024 10:16 AM CDT

Fenwick & West ‘closely intersected’ with FTX’s improper operations and management, examiner says

Updated: Fenwick & West was the only law firm “entrusted with a bird's-eye view” of collapsed cryptocurrency exchange FTX Trading, according to a report by an independent court-appointed examiner in the bankruptcy of FTX and affiliated entities.

May 29, 2024 8:50 AM CDT

9 legal malpractice trends in 2024

Legal malpractice is costing law firms big bucks, and it’s expected to fetch even more soon. Multimillion-dollar payouts increased year over year, according a 2023 report comparing 2022 numbers with the prior year report by Ames & Gough, a business insurance and risk management consultancy.

May 22, 2024 1:41 PM CDT

Trump says he ‘would actually’ consider Texas AG Ken Paxton for US attorney general

Former President Donald Trump said this weekend he “would actually” consider Republican Texas Attorney General Ken Paxton for U.S. attorney general if he returns to the White House.

May 21, 2024 3:44 PM CDT

With reclassifying proposal for cannabis, companies are seeing green

The smoke is finally clearing on decades of stigma. On Thursday, the White House Office of Management and Budget signed off on a proposal for the reclassification of marijuana, puffing the way forward from a Schedule I drug to a Schedule III drug.

May 17, 2024 12:11 PM CDT

Lawsuit allegations against Sullivan & Cromwell are ‘innuendo masquerading as facts,’ motion says

Sullivan & Cromwell is seeking dismissal of a proposed class action lawsuit alleging that it aided and abetted fraud when it provided legal services at cryptocurrency exchange FTX.

May 17, 2024 9:24 AM CDT

SCOTUS upholds funding scheme for consumer agency; ‘the framers would be shocked,’ Alito dissent says

A federal law authorizing the Consumer Financial Protection Bureau to draw funding from the Federal Reserve System does not violate the appropriations clause, the U.S. Supreme Court ruled Thursday.

May 16, 2024 10:25 AM CDT

Are tacos and burritos sandwiches? A judge in Indiana ruled yes

Are tacos considered sandwiches? According to one judge in Fort Wayne, Indiana, the answer is yes. And he says burritos are sandwiches, too.

May 16, 2024 10:00 AM CDT

Federal judge halts new US rules limiting credit card late fees

A federal judge on Friday temporarily blocked the U.S. government from trying to limit credit card late fees, siding with banks and other business lobbyists that had challenged the policy as unconstitutional.

May 13, 2024 1:15 PM CDT

Ice cream lover ‘stated her case for pistachio pretention,’ federal judge says in refusing to toss suit

A federal judge has allowed a disappointed pistachio ice cream consumer to proceed with her deceptive-practices case against the corporation that owns Cold Stone Creamery.

May 13, 2024 10:00 AM CDT

Bosses mandated them back to the office. They took legal action instead

After more than two years of fighting against return-to-office mandates, workers are fed up with their bosses’ inflexible policies and are taking their battle to court.

May 7, 2024 10:30 AM CDT

Pro-Palestinian groups are Hamas propagandists, BigLaw firm’s suit alleges; is First Amendment an issue?

Updated: A May 1 lawsuit alleges that two pro-Palestinian groups are Hamas propagandists that are involved in campus protests in an effort to justify violence against Israel and Zionists.

May 6, 2024 2:06 PM CDT

Bankruptcy law firm files for Chapter 11 after losing advertising dispute

A bankruptcy law firm in Minnesota has filed for Chapter 11 protection after losing a legal dispute with a competitor.

May 3, 2024 9:31 AM CDT

Dentons and Boies Schiller face $300M racketeering suit after client loses international arbitration

A Massachusetts businessman has filed a $300 million racketeering lawsuit against Dentons and Boies Schiller Flexner alleging that the law firms failed to inform him that his contract to develop a power plant in Senegal, a country in West Africa, was invalid.

May 2, 2024 2:12 PM CDT

Lawyer whose firm sued Boeing finds emergency slide that fell from company’s plane near his home

An emergency slide that detached from a Boeing 767 plane on Friday washed up on the beach near the New York home of a lawyer whose law firm has sued the aerospace company.

May 2, 2024 9:30 AM CDT