Corporate Law

Sullivan & Cromwell’s history with FTX draws scrutiny as it racks up bankruptcy fees

FTX founder Sam Bankman-Fried has alleged that Sullivan & Cromwell lawyers made him the fall guy in the collapse of the cryptocurrency exchange while downplaying its work for the company.

Sep 22, 2023 1:48 PM CDT

After abrupt resignation, legal tech CEO faces groping allegations

Legal technology CEO Kiwi Camara’s resignation last week has been followed by a new report suggesting that the executive allegedly groped a young female employee at a company dinner.

Sep 22, 2023 8:29 AM CDT

David Boies’ high hourly fees pale in comparison to request by lawyers suing Tesla

High-profile lawyer David Boies charges $2,110 per hour, putting him “in a still-rarified realm of attorneys who charge upwards of $2,000 an hour,” according to Reuters.

Sep 21, 2023 9:42 AM CDT

Law prof parents of FTX founder used influence to enrich themselves, suit alleges

Collapsed cryptocurrency exchange FTX Trading has filed a lawsuit alleging that two Stanford Law School professors—the parents of the company’s founder—used their influence to enrich themselves.

Sep 20, 2023 11:13 AM CDT

2 partners ‘repeatedly hounded’ attorney, making her job impossible, $20M sexual harassment suit says

Updated: A former international corporate attorney at Polsinelli has alleged that she experienced “callous gaslighting” and retaliation by the law firm when she complained about sexual harassment by two influential senior partners.

Sep 19, 2023 1:21 PM CDT

Covington settles SEC suit demanding names of clients affected by data breach

Covington & Burling has agreed to turn over to the U.S. Securities and Exchange Commission the names of six corporate clients apparently affected by a data breach, resolving an agency lawsuit that at first sought the names of 298 publicly traded clients.

Sep 19, 2023 10:01 AM CDT

10th Circuit upholds ban on firearms for felon convicted of check fraud

The federal ban on gun possession by felons doesn't appear to be affected by a 2022 Second Amendment decision by the U.S. Supreme Court, a federal appeals court has ruled.

Sep 18, 2023 3:50 PM CDT

Texas AG Paxton warns Biden administration to ‘buckle up’ after acquittal at impeachment trial

After his acquittal at an impeachment trial Saturday, Republican Texas Attorney General Ken Paxton alleged that the “sham” proceeding was coordinated by the Biden administration along with the “liberal” speaker of the Texas House of Representatives, Republican Dade Phelan.

Sep 18, 2023 10:03 AM CDT

Who’s at fault when engagement ends? Appeals court considers issue in suit for return of $70K ring

A man who called off his engagement is entitled to the return of a $70,000-plus engagement ring and a wedding band, the Massachusetts Appeals Court has ruled in a 2-1 decision.

Sep 14, 2023 10:48 AM CDT

DC Circuit decision is victory for public-access group that posts technical standards online

A nonprofit group isn’t liable for copyright infringement when it posts technical standards online that have been developed by private groups and then incorporated into government regulations, a federal appeals court has ruled.

Sep 13, 2023 3:47 PM CDT

After experiencing ‘the pit,’ Walmart litigation chief quits law practice at age 47

Lawyer Kerri Ruttenberg has said she feels like she’s “getting a second shot at life” after deciding to retire from law practice at age 47.

Sep 13, 2023 9:05 AM CDT

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