Corporate Law

Convicted lawyer’s victimhood claim is ‘absolutely delusional,’ judge says at sentencing hearing

A Chicago lawyer sentenced to prison for bank embezzlement Tuesday interrupted the judge throughout the proceeding and claimed that the case against him “is an evil that’s going on here.”

Aug 14, 2024 10:30 AM CDT

Lawyer accused of misappropriating up to $282M allegedly handed firm control to disbarred attorney

Updated: A lawyer accused of misappropriating up to $282 million from as many as 60,000 debt-relief clients, either through intentional or “grossly negligent” conduct, had employed a disbarred lawyer alleged to be running the operation.

Aug 13, 2024 3:49 PM CDT

Google monopoly ruling shows 19th-century law can police Big Tech

A federal judge’s ruling that Google broke the law to maintain a monopoly in search has dealt a blow to one of Big Tech’s main arguments against regulation: that America’s antiquated antitrust laws aren’t flexible enough to address the fast-changing nature of tech innovation.

Aug 8, 2024 1:05 PM CDT

Rule change to allow paraprofessionals to offer limited legal services proposed by top Texas court

The Texas Supreme Court is seeking comment on a proposal that would allow qualified nonlawyers to provide some legal services to low-income Texans.

Aug 7, 2024 10:19 AM CDT

Law firms are seeing ‘significant resurgence’ in financial health, new report says

Most major practice areas experienced growth in the second quarter of 2024, leading to “a significant resurgence in the financial health of law firms,” according to the Thomson Reuters Institute, which released its latest Law Firm Financial Index.

Aug 6, 2024 9:04 AM CDT

Google is an illegal monopoly, federal court rules

A federal court has found that Google illegally abused its market power to quash competition in internet search. The ruling hands the Justice Department its biggest victory in more than two decades in limiting the power of Big Tech companies to control and dominate the huge markets they have created.

Aug 5, 2024 3:15 PM CDT

Justice Department sues TikTok, alleging it broke child privacy law

The Justice Department on Friday sued TikTok and its China-based owner ByteDance, saying the popular video app had violated a children’s privacy law by collecting data on millions of Americans younger than 13.

Aug 2, 2024 3:20 PM CDT

DOJ launches corporate whistleblower awards program

The Justice Department on Thursday unveiled a corporate whistleblower pilot program targeting foreign corruption and financial fraud that authorities said could yield billions of dollars in forfeitures each year. Tipsters who are first to provide information of corporate wrongdoing could be eligible for up to 30% of the first $100 million in company forfeitures.

Aug 2, 2024 9:45 AM CDT

‘Huge market opportunity’ for some law firms during ESG backlash

Most major U.S. law firms in recent years have launched dedicated environmental, social and governance (ESG) practice groups to help clients navigate a surge of new rules and initiatives emerging across climate; sustainability; diversity, equity and inclusion; human capital; and other areas. But more recently, law firms have run squarely into the political backlash against ESG.

Aug 1, 2024 2:20 AM CDT

DC Circuit rules for PETA in First Amendment challenge to agency’s social media comment filters

The National Institutes of Health violated the First Amendment when it used keyword filters that blocked Facebook and Instagram comments that criticized animal testing, a federal appeals court has ruled.

Jul 31, 2024 2:45 PM CDT

Lawyer thought he was working with feds when he lost retirement savings to scammers

A 76-year-old retired lawyer in Arlington, Virginia, lost about $740,000 in retirement savings to sophisticated scammers who led him to think that he was helping the federal government catch thieves trying to gain access to his retirement and bank accounts.

Jul 30, 2024 11:54 AM CDT

Customer should have known boneless chicken wings can contain bones, top state court says in tossing suit

A restaurant customer can’t sue for negligence after a chicken bone became lodged in his throat while eating boneless chicken wings, the Ohio Supreme Court has ruled in a 4-3 decision affirming summary judgment for the defendants.

Jul 29, 2024 12:05 PM CDT

7 steps to successful crisis management

How you manage a crisis is critical and may be the difference between a swift resolution and a prolonged public nightmare. Consider these seven lessons to help guide your clients successfully through their next crisis.

Jul 26, 2024 9:12 AM CDT

Hidden Talent Pool in Plain Sight: Corporate America wants you—for nonlegal roles

Management consulting firms and Big Four accounting firms have a secret weapon. It’s not particularly well-camouflaged. It’s there for anyone who bothers to look. Both of these thought leaders hire lawyers for a wide variety of nonlegal jobs. And they’ve been doing so for decades—everything from business development to crisis management to marketing.

Jul 25, 2024 9:14 AM CDT

Milberg avoids sanctions despite filing fake claims in Visa and Mastercard settlement

Plaintiffs law firm Milberg Coleman Bryson Phillips Grossman will not face sanctions after submitting fake claims as part of a billion-dollar settlement involving Visa and Mastercard, a federal magistrate judge ruled on Saturday.

Jul 15, 2024 3:30 PM CDT