Archive for February, 2021
You Are Only as Good as Your Weakest Service Provider
InsightsA recent enforcement action from the Federal Trade Commission (FTC) drives home the importance of being proactive about vendors and data security.
Rally Adds Former Robinhood Executive to Management Team
NewsRally, the creators of the fractional alternative investing platform that democratized investments in rare, one-of-a-kind collectibles, today announced the hire of Nili T. Moghaddam, the company’s first General Counsel.
How Did Biglaw Firms Fare Financially In 2020?
NewsDespite the coronavirus pandemic and recession that made life so miserable for millions last year, law firms did very well for themselves.
Former State Attorney Took Bribes, Stole More Than $600K From Elderly Man, His Estate
NewsJeff Siegmeister, who was state attorney representing Columbia and six other North Florida counties for nearly seven years until he resigned suddenly in December 2019, was indicted this week on federal charges including conspiracy, extortion, fraud and several other charges.
Earn-Outs and Reverse Earn-Outs
InsightsDuring the pandemic there was an increased focus on earn-out provisions as a method to mitigate the risk of a target’s post-closing under-performance and to bridge any valuation gap between the purchaser and seller.
What Types of Lawsuits Might Come From COVID-19 Exposure?
InsightsPersonal injury-related COVID-19 cases are on the upswing around the world, and there are other lawsuits centering on entertainment and travel refunds, employment issues, failed business contracts, medical negligence, business interruptions, pandemic avoidance, and much more.
TikTok to Pay $92M to Settle Class-Action Suit Over ‘Theft’ of Personal Data
NewsTikTok has agreed to pay $92 million to settle dozens of lawsuits alleging that the popular video-sharing app harvested personal data from users without consent and shared the data with third-parties.
Nationwide Deep Freeze Leads to Spike in Natural Gas Prices
InsightsIn the wake of the deep freeze that recently swept the nation, natural gas has taken the forefront among a slew of price gouging allegations.
Sidley Taps Former SEC Chief Corporate Governance Counsel Sonia Barros as Partner in Washington, D.C.
AnnouncementSidley Taps Former SEC Chief Corporate Governance Counsel Sonia Barros as Partner in Washington, D.C.
Davis Wright Tremaine Expands Mortgage Industry Practice with Regulatory Hire
AnnouncementAshley Hutto-Schultz has joined the national financial services practice at Davis Wright Tremaine in Washington, DC.
Federal Court Awards $2.3B to USS Pueblo Crew Members and Their Families in Terrorism Case Against North Korea
AnnouncementA federal district court has awarded damages in the amount of $2.3 billion following a 2019 default judgment that held North Korea liable for taking the crew of the USS Pueblo hostage in 1968. The damages are among the largest ever awarded in a state-sponsored terrorism case.
Lowenstein Sandler Expands Tax Practice With Addition of International M&A, Funds, and State and Local Tax Team
AnnouncementEdmund S. Cohen, Rachel Ingwer, and Scott Malone have joined Lowenstein Sandler’s Tax practice.
Appeals Court Rules in Civil Case of Ex-Judge
NewsAn appeals court panel on Wednesday refused to overturn the majority of a visiting judge’s decisions in a civil case involving former Mahoning County Judge Diane Vettori-Caraballo and a client in her private practice, from whom she stole money.
Apria Appoints Michael-Bryant Hicks as EVP, General Counsel & Corporate Secretary
NewsApria, Inc. has appointed Michael-Bryant Hicks as Executive Vice President, General Counsel, and Corporate Secretary.
Real Estate Billionaires Invest in Big Law for Top Legal Roles
NewsTwo property titans’ real estate development firms, MV Ventures and Turnberry Associates, have picked up a pair of law firm partners to be their top lawyers.
DLA Piper’s New Chair Wants His Giant Firm to Get Even Bigger
NewsStepping into his role as global co-chair of 4,500-lawyer DLA Piper, Frank Ryan says the best path forward is to get even bigger.
Johnson & Johnson Preparing $3.9B for Talc Settlements
NewsPharmaceutical giant Johnson & Johnson has set aside $3.9 billion for talc-related litigation, according to a regulatory filing this week with the Securities and Exchange Commission in Washington D.C.
Foley Adds Business Law Attorney Michael Lappin in Milwaukee
AnnouncementMichael Lappin has joined Foley & Lardner’s Transactions Practice Group as of counsel in the Milwaukee office.
Jackson Walker Boosts Energy Transactions Group With Addition of Pat Knapp in Dallas
AnnouncementJackson Walker is pleased to announce the addition of Patrick Knapp as a partner in the Dallas office.
Michael Klein Joins Venable’s Environmental and Natural Resources Group in Washington, D.C.
AnnouncementMichael R. Klein has joined Venable LLP as counsel in the Environmental and Natural Resources Group in the Washington, D.C., office.
