Corporate Law

Litigation funder would make 37,000% return on its investment in litigation over oil company seizure

Litigation funding company Burford Capital would receive about $6.2 billion under a federal judge’s order requiring Argentina to pay likely damages of about $16 billion for its 2012 seizure of an oil and gas company.

Sep 12, 2023 2:36 PM CDT

Ginni Thomas’ work with conservative activists led to movement that helped overturn precedent

The conservative legal movement gained ground after the U.S. Supreme Court struck down restrictions on independent campaign spending by corporations in the 2010 Citizens United v. Federal Election Commission ruling.

Sep 12, 2023 8:15 AM CDT

Justice Alito sees ‘no sound reason’ to recuse in tax case involving lawyer who interviewed him for newspaper

U.S. Supreme Court Justice Samuel Alito on Friday refused to recuse himself in a tax case handled partly by a lawyer whose co-interviews of the justice resulted in two articles in the Wall Street Journal.

Sep 8, 2023 12:22 PM CDT

$4.5M BigLaw firm settlement in investor case should be approved, magistrate judge says

A federal magistrate judge is recommending approval of an agreement in which Davis Wright Tremaine would pay $4.5 million to settle a proposed class action lawsuit claiming that it aided the sales of fraudulent real estate securities.

Sep 7, 2023 2:32 PM CDT

‘Misogynistic’ McElroy Deutsch defamed and retaliated against former executive, amended suit alleges

A fired executive at McElroy, Deutsch, Mulvaney & Carpenter has come out swinging in an amended countersuit claiming that the law firm retaliated against her and made unwarranted assumptions when it accused her of being aware of her husband’s alleged embezzlement.

Sep 7, 2023 9:29 AM CDT

Paxton not fit to be Texas AG, prosecutor says; impeachment trial starts after Senate allows charges

Suspended Republican Texas Attorney General Ken Paxton is “not fit to be the attorney general for the state of Texas," according to Texas State Rep. Andrew Murr, who is serving as an impeachment prosecutor.

Sep 6, 2023 8:13 AM CDT

Which general counsel were paid the most in 2022?

Six of the top 10 highest-paid general counsel work in the tech industry, according to a new report published by Corporate Counsel and ALM Intelligence on Monday.

Aug 28, 2023 12:26 PM CDT

Federal initiative recovers over $836M in stolen COVID-19 relief funds, DOJ says

From May through July, the U.S. Department of Justice led enforcement actions against 718 individuals for offenses involving more than $836 million in alleged COVID-19 fraud.

Aug 25, 2023 11:42 AM CDT

DOJ sues Elon Musk’s SpaceX for discriminatory hiring practices

The U.S. Department of Justice on Thursday sued Space Exploration Technologies Corp., the rocket and spacecraft company founded by Elon Musk that is more commonly known as SpaceX, for discrimination against asylees and refugees in hiring.

Aug 25, 2023 10:20 AM CDT

Proposed patent reforms will harm AI innovation, Google GC says

Google criticized the U.S. Patent and Trademark Office this week for proposed changes to the process for patent challenges, saying they will likely limit opportunities for innovation in artificial intelligence.

Aug 24, 2023 9:45 AM CDT

Ex-Trump officials target ‘woke’ companies for diversity efforts

Activision Blizzard Inc. and the Kellogg Co. are the latest companies hit by claims that their efforts to diversify their workforces constitute illegal discrimination.

Aug 22, 2023 8:14 AM CDT

Alston & Bird resolves dispute over legal advice during pandemic

Law firm Alston & Bird has resolved a federal lawsuit over its regulatory advice on the imports of hand sanitizing wipes during the COVID-19 pandemic.

Aug 21, 2023 10:55 AM CDT

General counsel respond to BigLaw attorneys’ concern over extreme client demands

BigLaw attorneys cite unreasonable or excessive demands from clients as a primary reason for their stress and anxiety, according to a survey by the American Lawyer on mental health in the legal profession.

Aug 21, 2023 9:12 AM CDT

Objection to ACLU ‘mission drift’ led to ouster of Florida board members, suit says

Former board members with the American Civil Liberties Union of Florida allege that they were wrongly ousted after resisting “mission drift” and “partisan political activity” by the national organization.

Aug 16, 2023 9:38 AM CDT

Fenwick & West aided FTX fraud by creating ‘shadowy entities,’ proposed class action alleges

Updated: A proposed class action lawsuit filed Monday alleges that Fenwick & West aided fraud by cryptocurrency exchange FTX and Samuel Bankman-Fried, its founder.

Aug 11, 2023 11:09 AM CDT