Corporate Law

BigLaw firm’s suit seeks recruiter refund for lateral partner who soon left

Foley & Lardner alleges that legal recruiter Mark Bruce International Inc. failed to refund a recruiting fee as required by a contract provision governing lateral hires who don’t work out.

Oct 5, 2023 8:49 AM CDT

Did Trump lawyers flub by failing to request jury trial in civil fraud case?

Former President Donald Trump has told reporters that it was “very unfair” that he didn’t have a jury trial in the civil fraud case alleging that he inflated the value of his properties in statements to insurers and banks.

Oct 4, 2023 10:36 AM CDT

Trump’s social media post about law clerk leads to gag order

The trial judge hearing the civil fraud case against former President Donald Trump drew the line Tuesday after learning of a social media post targeting his law clerk that included her photo and her name.

Oct 3, 2023 3:47 PM CDT

The goal of DEI is not without legal risk for corporate America

Implementing DEI-related goals can be challenging, as institutions—including law firms across the country—attempt to change their cultures from within. The move is also not without potential legal risks, as several U.S. corporations have learned.

Oct 1, 2023 2:10 AM CDT

Did Polsinelli violate $14M flat-fee deal to provide ‘legal counsel’? 3rd Circuit rejects claim

A federal appeals court has refused to revive a lawsuit claiming that Polsinelli breached a flat-fee agreement to provide “legal counsel” by sending work covered by the agreement to another law firm that billed Polsinelli’s client for its trial work.

Sep 28, 2023 12:30 PM CDT

Proskauer settles suit claiming 1 contract clause caused client’s $636M loss

Proskauer Rose has settled a lawsuit claiming that a clause that the law firm added to a contract in a “botched cut-and-paste” caused a client’s losses of around $636 million.

Sep 27, 2023 11:21 AM CDT

Judge rips lawyers for ‘egregious’ repetition in opinion finding Trump liable for inflating finances

A New York state judge ruled in a civil lawsuit Tuesday that former President Donald Trump inflated the value of his property in fraudulent statements provided to lenders and insurers.

Sep 27, 2023 9:10 AM CDT

Judge sanctions Buchalter over $147K for ‘unsupported arguments’ and misleading assertions

A federal judge in Seattle has ordered Buchalter to pay more than $147,000 to its opponents for prolonging discovery through "unsupported arguments" and false or misleading assertions in litigation.

Sep 26, 2023 2:42 PM CDT

‘I see legal finance moving into ubiquity,’ says litigation funding company co-COO

Ari Kaplan recently spoke with David Perla, the co-chief operating officer at Burford Capital, a litigation funding company and a leading provider of legal finance.

Sep 25, 2023 8:18 AM CDT

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