Corporate
AT&T Legal Chief’s Total Compensation Nearly Doubled in 2020
NewsAT&T Inc.’s top lawyer David McAtee made nearly double the compensation in 2020 he did the previous year, due to an equity award infusion.
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.
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.
Corporate Transparency Act: New Requirements to Disclose Ownership Information to the Federal Government
NewsThe Corporate Transparency Act (CTA) became a law on January 1, 2021, and it has significant implications for many new and existing United States and foreign business entities.
Amazon Will Pay $61.7M to Settle Claims that They Withheld Tips from Delivery Drivers
NewsAmazon will pay $61.7 million to settle allegations by the Federal Trade Commission that it failed to pay Flex delivery drivers the full amount of tips received from customers.
Anthem Agrees to Pay $594M to Settle Antitrust Litigation
NewsThe settlement, struck last fall and awaiting final approval in an Alabama federal court, resolves lawsuits filed in 2012 by insurance customers alleging the Chicago-based Blue Cross Blue Shield Association and the nation’s 36 Blue Cross and Blue Shield insurers violated antitrust laws through practices that limited competition and caused higher prices.
Tyson Foods Will Pay $221.5M to Settle Price-Fixing Litigation
NewsTyson Foods Inc said it would pay $221.5 million to settle a price-fixing litigation with three groups of plaintiffs accusing it of illegally conspiring to inflate prices in the $65 billion chicken industry.
Court Upholds $1B Copyright Ruling Against ISP Cox
NewsInternet service provider (ISP) Cox Communications’ attempt to reduce a $1 billion award of damages for copyright infringement has failed, in a win for music companies including Sony, Universal, and Warner.
Apple Fails to Overturn VirnetX Patent Verdict, Could Owe Over $1.1B
NewsA federal judge denied Apple Inc’s bid to set aside or reduce a $502.8 million patent infringement verdict favoring VirnetX Holding Corp, and awarded interest and royalties that could boost Apple’s total payout in two lawsuits above $1.1 billion.
Pilgrim’s Pride Settles Price-Fixing Lawsuit for $75M
NewsTyson Foods separately struck an agreement to settle with the group of chicken buyers to settle price-fixing claims, but did not disclose the amount .
Insurance Co Fires In-house Counsel, Ex-Big Law Attorney Spotted at Capitol Riot
NewsA Texas-based insurance company fired one of its senior lawyers, the company said Thursday, after the attorney was identified as one of the hundreds of supporters of U.S. President Donald Trump who stormed the U.S. Capitol a day earlier.
After Top Staff Exodus, Texas AG Seeks $43M for Google Suit
NewsThe mass exodus of Texas Attorney General Ken Paxton’s top staff over accusations of bribery against their former boss has left the Republican seeking $43 million in public funds to replace some of them with outside lawyers to lead a high-profile antitrust lawsuit against Google.
‘Gorilla’ Google Hit with Third Lawsuit as U.S. States Sue Over Search Dominance
NewsGoogle faced its third major lawsuit in two months on Thursday as 38 U.S. states and territories accused the $1 trillion company of abusing its market power to try to make its search engine as dominant inside cars, TVs and speakers as it is in phones.
Texas Hiring Two Law Firms for Google Probe Team
NewsThe Texas attorney general’s office has named The Lanier Law Firm and the law firm Keller Lenkner to the litigation team that would face off against Alphabet’s Google in an expected antitrust lawsuit.
2021 Will See the Heat Turned up on Companies and Executives
News2021 will see a sharp rise in climate change litigation against companies and their executives around the world as cases begin to impact more individuals across a broader range of sectors.
Facebook Should be Broken up, FTC and States Allege in Pair of Lawsuits
NewsFacebook’s purchases of photo service Instagram and messaging app WhatsApp have helped fuel the social media giant’s massive growth.
Salesforce Names Chief Legal Officer Amy Weaver as CFO
NewsAmy Weaver, president and chief legal officer at Salesforce.com Inc., will become chief financial officer of the company on Feb. 1.
Hyundai, Kia Agree to $210M U.S. Auto Safety Civil Penalty
NewsHyundai Motor Co and Kia Motors’ U.S. units on Friday agreed to a record $210 million civil penalty after U.S. auto safety regulators said they failed to recall 1.6 million vehicles for engine issues in a timely fashion.
Revlon Avoids Bankruptcy After Getting Bondholder Support
NewsRevlon released that enough bondholders had taken part in its debt restructuring program for the cosmetics maker to stave off bankruptcy.
Purdue’s Massive Opioid Settlement is Tangled in a Bankruptcy Court Fight
NewsPurdue Pharma’s massive settlement over claims that it helped spark the opioid crisis is facing pushback in federal court, creating a potential stumbling block for the landmark deal.
