JPMorgan drops suit against Tesla

The bank sued the Elon Musk-run company in 2021 for $162.2 million after it claimed the carmaker breached a 2014 contract related to stock warrants.

Why smart firms are rethinking the billable hour using new AI tools

As more legal work is automated, forward-thinking law firms will focus on self-service and new billing methods, the chief revenue officer of Definely predicts.

BlackRock, Vanguard, State Street sued by Texas, red states

The three firms are accused of forming “a cartel to rig the coal market,” but State Street and BlackRock called the lawsuit “baseless” in separate statements to ESG Dive.

Updated Dec. 2, 2024

DOL appeals Texas judge’s overtime rule decision

Attorneys who previously spoke to HR Dive said the rule is likely dead, in part because the 5th Circuit might not take a favorable view of the rule’s differences from past updates.

Another lawyer in hot water for citing fake GenAI cases

The plaintiff’s attorney in a wrongful termination case faces sanctions for including nonexistent cases and fake quotations in a Texas federal court filing.

Jury delivers $2.17M judgment against SkyWest Airlines for sex discrimination

The U.S. Equal Employment Opportunity Commission, which filed the lawsuit, said the award is the largest it has ever obtained in the Northern District of Texas.

Democrats bash CapOne-Discover merger proposal

A group of Congress members told federal regulators to consider Capital One’s regulatory infractions in reviewing its proposed acquisition.

Reverse discrimination claims might rise under Trump

Companies should take a look at their DEI initiatives to avert allegations of reverse discrimination, an attorney says.

Supreme Court may review vicarious liability issues in music piracy case

Sony Music and Cox Communications want the court to rule on whether internet service providers are liable for their customers’ copyright infringement.

The role of legal teams in creating AI ethics guardrails

For organizations to balance the benefits of artificial intelligence with its risk, it's important for counsel to develop policy on data governance and privacy.  

Keeping your skilled workers in the face of stepped-up immigration enforcement

Expect to face higher costs and more compliance complexity but if your employees’ visas are in order, your company should be fine, a specialist says.

Macy’s says accountant hid as much as $154M in expenses

The deliberately misleading accounting of expenses since the fourth quarter of 2021 did not disrupt cash management or vendor payments, Macy’s said.

SEC reports drop in enforcement actions for 2024 FY

The securities regulator also reported a record $8.2 billion in monetary remedies for its last fiscal year, driven by Terraform Labs crypto fraud settlement.

Don’t try to wait out Trump change to NLRB captive-audience ban, attorneys say

One attorney advises clients not to risk being the test case for the NLRB’s new prohibition, regardless of how long the ban ultimately lasts.

Trump’s new AG choice offers MAGA loyalty, conservative legal record

Pam Bondi, the former Florida attorney general, has deep Trump ties as his former impeachment defense lawyer and pro-Trump think tank chair.

Broadcom, AT&T reach settlement in VMware legal dispute

The two companies informed the New York State Supreme Court of the agreement Thursday and were granted time to finalize details.

Bridging cyber insurance and data privacy

As privacy class actions triple in costs and cyber insurance premiums climb, legal teams must revise their organization’s incident response plans, strengthen vendor oversight and align data governance with stricter underwriting requirements.

UnitedHealth, Cigna, CVS sue FTC over insulin litigation process

The three companies are claiming the FTC’s suit is unconstitutional because it was lodged in the agency’s administrative court, instead of a federal one.

DOJ retains Android divestiture as plan B in Google antitrust remedy

The agency has asked a court to force the tech giant to sell Chrome and make its search data available to rivals, among other things, as a way to reactivate competition in search and online ad markets.

SEC’s Gensler to step down Jan. 20 after robust rulemaking, enforcement

The SEC, in one of its most far-reaching changes under Gensler, adopted rules last year aimed at channeling more trading of Treasury securities into central clearinghouses and curbing the risk of illiquidity.

Privacy and corporate disclosure laws are on collision course, paper says

States have created a patchwork of consumer privacy laws that will likely conflict with corporate disclosure mandates, according to a law professor.

This company wants to be your law firm and legal AI tech provider in one

Avantia is betting that legal clients want a cost-effective law firm with AI-enabled software efficiencies baked into a hybrid legal service-product.

Procedural disputes headline Amazon, SpaceX 5th Circuit case against NLRB

The two companies argued that the labor board’s structure is unconstitutional and that they were deprived of their right to a jury trial.

In business-friendly Delaware decision, company wins OK to move to business-friendly Nevada

The Trade Desk needed only a simple majority vote to reincorporate in Nevada after a Chancery Court ruling found a supermajority vote wasn’t needed.

Hold off on new rules before Trump, GOP lawmakers tell regulators

House Financial Services Committee Republicans bemoaned recent “disastrous” banking rules and pushed regulators to pause work on new rules before Trump takes office.