Corporate Law

Weekly Briefs: Bannon convicted for contempt of Congress; suit targets Skittles ingredient

Steve Bannon convicted for contempt of Congress Jurors deliberated for less than three hours before convicting Steve Bannon, a former adviser for former President Donald Trump, on two counts of contempt of Congress on Friday. He was prosecuted for defying a subpoena from the congressional committee investigating the Jan. 6,…

Jul 22, 2022 3:28 PM CDT

Wells Fargo didn’t have contractual duty to catch scam check that cost law firm nearly $200K, judge rules

A scammed law firm that wired nearly $200,000 to a Nigerian bank can’t recover the money from Wells Fargo, a federal judge in Pennsylvania has ruled.

Jul 21, 2022 3:27 PM CDT

Federal judge tosses lawyers from case after concluding they failed to diligently represent shareholders

U.S. District Judge John Adams of Akron, Ohio, is looking for new lawyers to represent a utility company’s shareholders after tossing current counsel from the case.

Jul 14, 2022 3:40 PM CDT

Law-firm recruiting slows as deal work falls

A slowdown in corporate deals is affecting law firm hiring and giving overworked lawyers a breather.

Jul 13, 2022 3:25 PM CDT

Elon Musk’s bid to escape Twitter deal could face skepticism in court; ‘material adverse effect’ at issue

Elon Musk's stated reason for abandoning his $44 billion deal to buy Twitter is “a model of hypocrisy,” according to the social media company’s lawsuit seeking to enforce the agreement.

Jul 13, 2022 3:20 PM CDT

Who has a stake in holding companies legally responsible?

I am not crazy about the company. No, I don’t mean the people near me. Let me explain. I am retired from my practice, but I am still reflecting on what about the legal system bugs me.

Jul 13, 2022 3:00 PM CDT

Waiver agreement bars ex-Chief Justice Roy Moore’s defamation suit against comedian Sacha Baron Cohen, 2nd Circuit says

A federal appeals court has refused to revive a lawsuit filed by former Alabama Chief Justice Roy Moore and his wife against a comedian who claimed to be an Israeli anti-terrorism expert with a device able to detect pedophiles.

Jul 8, 2022 2:59 PM CDT

Tax concerns lead judges to hold on to Berkshire Hathaway stock despite ‘conflict nightmare,’ judiciary is told

A federal appeals judge is suggesting changes to deal with a “conflict nightmare”: judges with holdings in Warren Buffett’s Berkshire Hathaway.

Jul 7, 2022 8:47 AM CDT

Weekly Briefs: Old arrest warrant found in Emmett Till case; former White House counsel subpoenaed

Emmett Till’s family seeks arrest after warrant found Researchers have found an unserved 1955 arrest warrant in the basement of a Mississippi courthouse that accuses Carolyn Bryant Donham in the kidnapping of 14-year-old Emmett Till, who was lynched after the white woman accused the Black teenager of making improper advances.…

Jul 1, 2022 1:35 PM CDT

Lawyer who once directed corporate law at Apple pleads guilty to insider trading

A former top lawyer at Apple who was tasked with enforcing its insider trading policy pleaded guilty Thursday in a scheme to trade on the company's material, nonpublic information.

Jul 1, 2022 9:02 AM CDT

New legal tech aims to bolster IP law firms’ copyright infringement claims

A copyright enforcement service has launched a propriety search engine to help intellectual property attorneys gather evidence to protect artists’ and photographers’ visual works.

Jun 27, 2022 10:09 AM CDT

Corporate legal departments spend more in-house than on outside law firms, survey finds

Corporate legal departments are spending 54% of their budgets in-house, outpacing their spending on outside counsel, according to a survey released last week by the Association of Corporate Counsel and legal recruiting firm Major, Lindsey & Africa.

Jun 22, 2022 12:13 PM CDT

How to apply business principles and legal tech to provide humanitarian aid to Ukraine

Ari Kaplan recently spoke with Jeroen Plink, the chief operating officer of the Legaltech Hub, a board member at Casetext and the former CEO of Practical Law; and Jeroen Ketting, the founder and CEO of the Lighthouse Group, a provider of management and trade support to Western companies doing business in Russia and Ukraine.

Jun 21, 2022 8:37 AM CDT

Taking on unauthorized practice of law regulations to expand access to justice

A professor talks to the ABA Journal’s Victor Li about New York-based company Upsolve’s lawsuit regarding UPL rules and access-to-justice issues in general.

Jun 15, 2022 8:33 AM CDT

These 3 Supreme Court justices each earned more than $100K from book projects last year

Financial disclosure forms indicate that three justices on the U.S. Supreme Court each earned more than $100,000 in 2021 as a result of book deals.

Jun 13, 2022 8:38 AM CDT