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November 12, 2025
Nasdaq Could Open Texas' 2nd Stock Exchange Next Year
Nasdaq on Wednesday announced plans to launch a Texas-based exchange in the hopes of joining a startup group that has already received permission to allow companies to publicly list in the Lone Star State next year.Â
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November 12, 2025
Justices Fret Over Giving Judges More First Step Act Power
The U.S. Supreme Court raised concerns Wednesday about spurring a flood of compassionate release motions from prisoners if it allows judges to have wide discretion to find "extraordinary and compelling reasons" to pare down sentences for criminal defendants under the First Step Act.
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November 12, 2025
MLB Pitcher Pleads Not Guilty To Rigging Pitches For Gamblers
A pitcher for Major League Baseball's Cleveland Guardians denied accusations in Brooklyn federal court Wednesday that he conspired with others to throw his pitches a certain way to secure gambling payouts.
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November 12, 2025
2nd Circ. Rejects Exxon's En Banc Plea Over Atty Fee Ruling
The Second Circuit has rejected Exxon, BP, Shell and the American Petroleum Institute's bid for en banc review of a lower court's decision to award attorney fees to New York City, which is suing them over allegations of deceptive practices around climate change.
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November 12, 2025
Morgan Stanley, GSA Team Up On $1B Student Housing Deal
Morgan Stanley Real Estate Investing and Global Student Accommodation have completed the acquisition of a portfolio of eight student housing assets, in a transaction valued at more than $1 billion, the firms announced Wednesday.
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November 12, 2025
2nd Circ. Revives Atty Fees Bid In Worker's Retaliation Suit
A Vermont federal court correctly imposed a reduction in attorney fees in a retaliation case based on billed hours but should not have further reduced the fees based on the worker's overall success, the Second Circuit has ruled.
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November 12, 2025
Broker Cops To Trading On Stolen Morgan Stanley Merger Info
A stockbroker from New Jersey told a Manhattan federal judge Wednesday that he traded on secret merger information stolen by a friend from a Morgan Stanley executive assistant, pleading guilty to insider trading, obstruction and fraud charges.
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November 10, 2025
Law360 MVP Awards Go To Top Attorneys From 76 Firms
The attorneys chosen as Law360's 2025 MVPs have distinguished themselves from their peers by securing significant achievements in high-stakes litigation, complex global matters and record-breaking deals.
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November 10, 2025
Trump Asks Justices To Overturn E. Jean Carroll's $5M Verdict
President Donald Trump Monday urged the U.S. Supreme Court to overturn writer E. Jean Carroll's $5 million sexual assault civil verdict win against him, saying the verdict resulted from "striking departures" from federal evidence rules that will repeat in other future cases unless the high court corrects them.
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November 10, 2025
NYT Sues DOD For Vids Of Strikes On Suspected Drug Boats
The New York Times Monday sued the U.S. Department of Defense in New York federal court, seeking surveillance footage related to deadly U.S. military strikes on boats suspected of smuggling drugs in the Pacific Ocean and Caribbean Sea.
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November 10, 2025
SEC Accuses Ex-Fintech CEO Of $60M Fraud In SPAC Merger
Securities regulators sued the founder of Triterras Fintech in New York federal court, accusing him of misleading investors about Triterras' trade finance platform to secure a business combination with a special purpose acquisition company in November 2020, netting himself $60 million while investors suffered significant losses.Â
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November 10, 2025
NY Jury Awards $112M To Migrants Detained Unlawfully
A New York federal jury on Friday found Suffolk County and the Suffolk County Sheriff's Office liable for violating the due process rights of a class of hundreds of migrants detained past their release dates on behalf of federal immigration authorities, awarding the immigrants $112 million in damages.
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November 10, 2025
Disney, ESPN Move To Nix Trade Secret Suit Over Sports App
Disney and ESPN asked a New York federal judge Friday to end a tech startup's trade secrets misappropriation suit accusing them of using confidential information to launch a rivaling sports aggregation app that curates game-viewing options, arguing the parties' nondisclosure agreement doesn't prohibit them from independently developing similar products.Â
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November 10, 2025
NJ Panel Revives Compensation Case In $95M Real Estate Deal
A New Jersey appellate panel revived a dispute Monday over whether a Manhattan real estate executive was fully compensated for his work on a $95 million redevelopment project, ruling that a trial judge wrongly granted summary judgment despite ambiguities in the parties' complex profit-sharing agreement.
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November 11, 2025
Justices Extend Temporary Pause On Full SNAP Payments
The U.S. Supreme Court on Tuesday granted the Trump administration's bid to extend the pause on a Rhode Island federal judge's order forcing the U.S. Department of Agriculture to fully fund food assistance benefits during the federal government's ongoing shutdown.
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November 10, 2025
Accolade Wants 'Slip Of The Tongue' Investor Fraud Suit Axed
Accolade Inc. and its CEO have asked a New York federal judge to toss a suit alleging they made false statements about the healthcare company's profitability to prop up share prices before announcing plans to go private, saying the amended complaint is investors' "second attempt to plead a 'fraud' case based on an obvious slip of the tongue."
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November 10, 2025
Fiber Optics Co. Should Refile Antitrust Claims, Judge Says
A Texas federal judge said Monday a fiber-optics company should be required to refile its copyright infringement and antitrust claims against Parker-Hannifin Corp., but that a trade secret misappropriation claim should be left to stand as is.
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November 10, 2025
Visa, Mastercard Cut New Deal Worth 'Well More Than $200B'
Visa, Mastercard and a class of potentially millions of merchants announced a new settlement Monday resolving two decades of antitrust litigation, which would permit more flexibility on what cards are accepted and would lower fees — with a five-year cap — to address a New York federal judge's concerns that an earlier version wasn't enough.
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November 10, 2025
Pfizer Again Asks Judge To Toss States' Price-Fixing Case
Pfizer has again asked a Connecticut federal judge to throw out claims it faces in a sprawling dermatology drug price-fixing lawsuit filed by multiple states against several pharmaceutical companies, arguing allegations against it were "scant and cursory."
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November 10, 2025
Ex-Judges, US Attys Urge Axing 'Political' Indictment Of NY AG
A bipartisan group of former federal judges and U.S. attorneys on Monday threw their weight behind New York Attorney General Letitia James' bid to dismiss the indictment accusing her of mortgage fraud, rebuking the appointment of interim U.S. Attorney Lindsey Halligan and slamming the prosecution's apparent political motivations.
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November 10, 2025
Guardians' Ortiz Due In NY Court In MLB Pitch-Fixing Scandal
Cleveland Guardians starting pitcher Luis L. Ortiz was ordered by a Massachusetts federal judge to appear in a Brooklyn, New York, courtroom for arraignment Wednesday on charges that he took bribes to fix pitches for "prop" bettors.
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November 10, 2025
Insurers Must Produce Docs In Hotel Co.'s COVID Dispute
Property insurers for luxury hotel chain Mandarin Oriental can't undo rulings forcing them to turn over documents related to their reserves, but may apply additional redactions to certain privileged legal advice, a New York federal court ruled in a dispute over COVID-19 business interruption losses.
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November 10, 2025
OpenAI Must Turn Over 20M User Logs, Judge Orders
A federal magistrate judge has ordered OpenAI to turn over 20 million anonymized user logs to news outlets that claim the artificial intelligence company made improper use of their copyrighted content.
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November 10, 2025
ProphetX Seeks CFTC Approval For Sports Event Contracts
Sports prediction company ProphetX said Monday it has applied to the U.S. Commodity Futures Trading Commission to become a federally regulated prediction market exchange specifically targeting sports-based event contracts.
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November 10, 2025
Former Eric Adams Prosecutor Joins Clement & Murphy
Clement & Murphy PLLC on Monday announced the hiring of Danielle Sassoon, a former acting United States attorney for the Southern District of New York who brought a corruption case against New York City Mayor Eric Adams, as a partner with the litigation boutique.
Expert Analysis
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Courts Redefining Software As Product Generates New Risks
A recent wave of litigation against social media platforms, chatbot developers and ride-hailing companies has some courts straying from the traditional view of software as a service to redefining software as a product, with significant implications for strict liability exposure, say attorneys at Reed Smith.
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Series
Playing Soccer Makes Me A Better Lawyer
Soccer has become a key contributor to how I approach my work, and the lessons I’ve learned on the pitch about leadership, adaptability, resilience and communication make me better at what I do every day in my legal career, says Whitney O’Byrne at MoFo.
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Series
Law School's Missed Lessons: Learning From Failure
While law school often focuses on the importance of precision, correctness and perfection, mistakes are inevitable in real-world practice — but failure is not the opposite of progress, and real talent comes from the ability to recover, rethink and reshape, says Brooke Pauley at Tucker Ellis.
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Midyear Rewind: How Courts Are Reshaping VPPA Standards
The first half of 2025 saw a series of cases interpreting the Video Privacy Protection Act as applied to website tracking technologies, including three appellate rulings deepening circuit splits on what qualifies as personally identifiable information and who qualifies as a consumer under the statute, say attorneys at Perkins Coie.
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Adapting To Private Practice: From ATF Director To BigLaw
As a two-time boomerang partner, returning to BigLaw after stints as a U.S. attorney and the director of the Bureau of Alcohol, Tobacco, Firearms and Explosives, people ask me how I know when to move on, but there’s no single answer — just clearly set your priorities, says Steven Dettelbach at BakerHostetler.
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4 In-Flux Employment Law Issues Banks Should Note
Attorneys at Ogletree provide a midyear update on employment law changes that could significantly affect banks and other financial service institutions — including federal diversity equity and inclusion updates, and new and developing state and local artificial intelligence laws.
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New DOJ Penalty Policy Could Spell Trouble For Cos.
In light of the U.S. Department of Justice’s recently published guidance making victim relief a core condition of coordinated resolution crediting, companies facing parallel investigations must carefully calibrate their negotiation strategies to minimize the risk of duplicative penalties, say attorneys at Debevoise.
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5 Consumer Protection Compliance Issues In NY State Budget
Companies that engage with New York consumers should promptly familiarize themselves with new state budget provisions that require finance and retail companies to make certain business practices more transparent and easier for customers to execute, say attorneys at Mintz.
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Rule 23 Class Certification Matters In Settlements, Too
The U.S. Supreme Court's recent ruling in Trump v. CASA Inc. highlighted requirements for certifying classes for litigation in federal court, but counsel must also understand how Rule 23 of the Federal Rules of Civil Procedure may affect certifying classes for settlement purposes, say attorneys at Sidley.
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7 Ways Employers Can Avoid Labor Friction Over AI
As artificial intelligence use in the workplace emerges as a key labor relations topic in the U.S. and Europe, employers looking to reduce reputational risk and prevent costly disputes should consider proactive strategies to engage with unions, say attorneys at Baker McKenzie.
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SEC, FINRA Obligations In Changing AI Regulatory Landscape
Despite the U.S. Securities and Exchange Commission's recent withdrawal of its proposed artificial intelligence conflict rules, financial regulators remain focused on firms developing the correct AI compliance framework, as well as continuously testing and supervising them to ensure they're fit for purpose, say attorneys at Cahill Gordon.
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Series
Playing Baseball Makes Me A Better Lawyer
Playing baseball in college, and now Wiffle ball in a local league, has taught me that teamwork, mental endurance and emotional intelligence are not only important to success in the sport, but also to success as a trial attorney, says Kevan Dorsey at Swift Currie.
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Ultra-Processed Food Claims Rely On Unproven Science
Plaintiffs' arguments that ultra-processed foods are responsible for the nationwide increase in certain chronic illnesses, though a novel approach to food-based personal injury claims, depend on theories that are still being tested, say attorneys at DLA Piper.
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APA Relief May Blunt Justices' Universal Injunction Ruling
The Administrative Procedure Act’s avenue for universal preliminary relief seems to hold the most promise for neutralizing the U.S. Supreme Court’s decision in Trump v. CASA to limit federal district courts' nationally applicable orders, say attorneys at Crowell.
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Managing Risks As State AGs Seek To Fill Enforcement Gap
Given an unprecedented surge in state attorney general activity resulting from significant shifts in federal enforcement priorities, companies must consider tailored strategies for navigating the ever-evolving risk landscape, say attorneys at Cozen O'Connor.