Suit accuses Sullivan & Cromwell of employing ‘creative but misleading strategies’ that aided FTX fraud

A proposed class action lawsuit filed by investors in cryptocurrency exchange FTX accuses Sullivan & Cromwell of aiding and abetting fraud by providing legal services that went “well beyond” usual legal work.

Feb 20, 2024 4:00 PM CST

Judge orders Trump to pay more than $350 million in N.Y. civil fraud trial

New York Supreme Court Justice Arthur Engoron on Friday ordered former President Donald Trump to pay more than $350 million in penalties, handing down a hefty penalty following a monthslong civil trial in which Trump and others were accused of financial fraud by New York Attorney General Letitia James.

Feb 16, 2024 3:26 PM CST

Lawyer has filed more than 1,000 class action suits for alleged debt-collection violations

A consumer protection lawyer in Florida said he has filed more than 1,000 lawsuits alleging that debt collectors failed to follow laws governing debt collection.

Feb 15, 2024 1:05 PM CST

Lawyer went the extra 29 miles to shut down refinance scam

A lawyer in Charlotte, North Carolina, put the knowledge that he gained at a fall conference to use when he visited a homeowner and averted a financial scam.

Feb 13, 2024 3:59 PM CST

Schnader Harrison used retirement contributions to fund operations, pay equity partners, suit alleges

The defunct law firm Schnader Harrison Segal & Lewis is accused in a lawsuit of commingling contributions to the firm’s 401(k) plan with the firm’s general assets for months at a time and using the money to make distributions to equity partners.

Feb 12, 2024 12:53 PM CST

Snoop Dogg, Master P sue Walmart for allegedly ‘hiding’ their cereal

Rappers Snoop Dogg and Master P are suing Walmart and food manufacturer Post Consumer Brands, accusing the companies of deliberately keeping their cereal product from customers to hinder its success.

Feb 9, 2024 10:15 AM CST

Qualified immunity shield may depend on size and publication rate of federal appeals court, new report says

Qualified immunity “protects officials too much and our rights too little,” according to a new report by the Institute for Justice based on an analysis of more than 5,500 federal appeals decisions over an 11-year period.

Feb 7, 2024 8:47 AM CST

Is calling litigation ‘without merit’ actually without merit?

Scan corporate financial filings, and it doesn’t take long to notice that companies often dismiss legal actions brought against them as being “without merit” or “meritless.” But a federal court ruling suggests that reliance on such phrases can backfire when it comes to litigation disclosures.

Feb 2, 2024 10:06 AM CST

10 Questions: In crafting a new career, this Texas contracts attorney created a community

The brainchild of Laura Frederick, a former in-house lawyer for Tesla, ContractsCon debuted in 2022. Her path from law practice to entrepreneurship began during the pandemic, and she’s since built a global community of contract law professionals via LinkedIn and created How to Contract, a successful online legal education platform.

Feb 1, 2024 1:10 AM CST

e-Sign on the Dotted Line: When it comes to using generative AI and contracts, the devil is in the details

Along with drafting and reviewing, generative AI can leverage contract datasets for strategic insights to help mitigate risk and negotiate, manage and assess contracts.

Feb 1, 2024 12:06 AM CST

Ex-NRA CEO didn’t consult GCs office about key legal decisions, general counsel testifies

Updated: Former National Rifle Association CEO Wayne LaPierre didn’t consult his general counsel before the group sued its advertising agency and sought bankruptcy protection, two legal filings that didn’t end well for the NRA, according to testimony Tuesday.

Jan 31, 2024 12:31 PM CST

Bayer’s billions in Roundup verdicts increase pressure for new legal strategy

Jan 31, 2024 10:36 AM CST

Johnson & Johnson sets up third talc bankruptcy bid by moving unit to Texas

Johnson & Johnson is seeking to move a unit to Texas as it prepares for a potential third bankruptcy court filing to resolve more than 50,000 lawsuits alleging tainted talc in its baby powder caused cancer.

Jan 26, 2024 9:22 AM CST

How will generative AI affect digital investigations and e-discovery?

Ari Kaplan recently spoke with Chantelle Jalland, a London-based managing director for digital investigations and discovery with J.S. Held, a global consulting company.

Jan 26, 2024 8:52 AM CST

SCOTUS majority appears to embrace ‘Kisorizing’ or overturning Chevron deference, oral arguments indicate

Conservative justices on the U.S. Supreme Court appeared ready to limit or overturn the 1984 decision that established Chevron deference, the principle that federal courts should defer to reasonable agency interpretations of ambiguous laws, according to media coverage of oral arguments Wednesday.

Jan 18, 2024 11:05 AM CST