Another lawsuit is filed against Zoom over alleged privacy problems

Zoom Video Communications has been hit with a new privacy lawsuit alleging that it failed to protect user data from Facebook and LinkedIn.

Apr 14, 2020 10:04 AM CDT

Afternoon Briefs: GCs are overloaded with coronavirus webinars; former judge dies at 88

General counsels are overloaded with COVID-19 emails and webinar invites Corporate clients are inundated with emails and webinar invitations from law firms offering information on the novel coronavirus, according to Caitlin “Cat” Moon, director of innovation design for the program on law and innovation at Vanderbilt Law School. Moon says…

Mar 26, 2020 4:36 PM CDT

Sounding the alarm: One whistleblower’s story

Mar 26, 2020 9:24 AM CDT

The ‘emergency room of law’: Protections are critical for whistleblowers and their lawyers

“The whistleblower often comes to us in pretty bad shape,” attorney Stephen Kohn says. “He’s at risk to be killed [in his profession]. It’s our job to get those bandages on, get him back to health and have him walk out in good condition.”

Mar 26, 2020 9:24 AM CDT

Afternoon Briefs: Texas university leader leaves without blame for law school scandal; judge sides with immigrants

Texas Southern University president leaves school with no blame for alleged law school misconduct Texas Southern University is parting ways with its president without any claims of wrongdoing, which is a change from earlier this month, when the school’s board of regents voted to fire him based on allegations that…

Feb 21, 2020 4:50 PM CST

Top tips for lawyers to stay in control of their business development

From daily happiness levels at work to reframing how you think about competition, brand expert and lawyer Katy Goshtasbi offers ways for lawyers stay on top when it comes to business development—whether it’s their own brand or their firm’s brand.

Nov 21, 2019 6:30 AM CST

BigLaw partner lists $166M in liabilities in Chapter 7 filing that would halt suit alleging Ponzi scheme aid

A Baker Donelson partner has filed a petition for Chapter 7 bankruptcy that would pause litigation contending that he aided a Ponzi schemer who was sentenced to 19.5 years in prison.

Nov 7, 2019 10:43 AM CST

Can the SEC order disgorgement in civil enforcement cases? Supreme Court agrees to decide

The U.S. Supreme Court has agreed to decide whether the Securities and Exchange Commission is authorized to seek disgorgement in civil enforcement cases.

Nov 6, 2019 2:51 PM CST

Sidley Austin is among defendants settling investor class action for $220M

Sidley Austin and Deloitte are among five professional firms agreeing to pay $220 million to settle claims for aiding securities sales by a now-defunct investment firm accused of operating as a Ponzi scheme. None of the defendants were charged with any wrongdoing, according to the proposed settlement filed in Oregon…

Jul 11, 2019 1:22 PM CDT

BigLaw firm isn’t liable to investors for lawyer’s work for Ponzi schemer, 5th Circuit rules

A federal appeals court has ruled that Greenberg Traurig is immune from liability in a lawsuit by investors who lost money in a Ponzi scheme perpetrated by a client. The 5th U.S. Circuit Court of Appeals at New Orleans ruled Wednesday that the law firm is immune under Texas law…

Apr 19, 2019 7:00 AM CDT

Hertz lawsuit against former GC seeks return of incentive pay, damages for accounting failures

The Hertz Corp. has sued its former general counsel and two other executives in an effort to claw back $70 million in incentive and severance pay for the group’s alleged failure to recognize and remedy accounting deficiencies that led the company to overstate income. The suit also seeks more than…

Apr 12, 2019 12:03 PM CDT

Former SeaWorld corporate lawyer pleads guilty to insider trading

A former corporate lawyer for SeaWorld has pleaded guilty to one count of insider trading for buying company stock last summer after learning of yet-to-be-announced increases in attendance and revenue.

Apr 10, 2019 1:20 PM CDT

SCOTUS says investment banker can be liable for false email drafted by boss

The U.S. Supreme Court ruled Wednesday that an investment banking director can be liable for emailing alleged false statements to prospective investors, even though he sent the emails at the direction of his boss, who had written the content. The Supreme Court ruled 6-2 that Francis Lorenzo could be held…

Mar 27, 2019 11:40 AM CDT

New ABA report surveys cryptocurrency regulations

The ABA Business Law Section released a major report on digital assets and cryptocurrency regulation on Wednesday. The 353-page document titled “Digital and Digitized Assets: Federal and State Jurisdictional Issues” provides definitions relevant to digital currency, domestic regulatory issues, and what international bodies and other countries are doing when confronted…

Mar 15, 2019 4:45 PM CDT

Apple’s former top corporate lawyer charged with insider trading

Apple’s former global corporate-law chief has been charged with insider trading. Gene Daniel Levoff, 45, allegedly used nonpublic information to trade in Apple stock, according to press releases by the Securities and Exchange Commission and federal prosecutors in New Jersey. Reuters, the New York Times, the Washington Post, the New…

Feb 14, 2019 11:37 AM CST