ABA Journal

Corporate Law

2753 ABA Journal Corporate Law articles.

Afternoon Briefs: Derek Chauvin sentenced; judge won’t toss climate change suit

Chauvin sentenced for George Floyd’s death

A Minnesota judge on Friday sentenced fired Minneapolis police officer Derek Chauvin to 22.5 years years in prison for killing George Floyd

Thomas, liberal justices dissent in SCOTUS standing decision: ‘Pithy catchphrase’ limits Congress’ power

In a 5-4 decision on constitutional standing, the U.S. Supreme Court on Friday limited which consumers can sue over erroneous TransUnion credit reports that flagged them as potential terrorists, drug traffickers and other serious criminals.

Afternoon Briefs: SCOTUS overturns another agency structure; corporate diversity suit allowed

Supreme Court rules FHFA structure is unconstitutional

The U.S. Supreme Court ruled Wednesday that the structure of the Federal Housing Finance Agency is unconstitutional because its director can only be…

Is it a 3-3-3 Supreme Court? Barrett opinion gives Goldman Sachs partial win in class-action case

In another case with an unusual lineup, the U.S. Supreme Court partly ruled for Goldman Sachs on Monday in a securities class action alleging the investment bank made generic statements that maintained its inflated stock prices.

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?

It’s a well-worn cliché that lawyers are lousy businesspeople. As a result, many of the larger firms have already turned to financial specialists to help. More than 70% of Am Law 200 firms and over 85% of Am Law 100 firms employ a chief financial officer. The larger the firm’s revenue, the more likely it is to hire a CFO. But what about small firms or solo practices?

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