Corporate
Regulators Approve $1.9 Billion Settlement With PG&E, But Back Off on Major Fine
News
The state Public Utilities Commission on Thursday approved a $1.9 billion settlement with PG&E that allows it to get credit for wildfire prevention spending while at the same time escape being fined $200 million over regulatory violations stemming from two years of massive wildfires.
Big Banks Accused of Favoring More Lucrative Small Business Loans in Coronavirus Program
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Four of America’s biggest banks have been accused of harming thousands of coronavirus-hit small businesses by unfairly prioritizing emergency loan requests from large customers to earn fatter fees.
Litigation on Musk’s Tweets to Move Forward
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The Unites States District Court for the Northern District of California recently found that 10b-5 litigation regarding Elon Musk’s tweets could move forward after reviewing a motion to dismiss in In Re Tesla Inc. Securities Litigation.
3M Files Second Lawsuit To Combat COVID-19 Price Gouging
News
After a public dispute with the White House about exporting N-95 masks, 3M is turning to trademark law to help combat impressions that it is price-gouging at home.
The Bigger the Better? Understanding the Biglaw Salary Scale
News
The Cravath Scale, an offshoot of the Cravath system, is named after Cravath, Swaine & Moore LLP, the firm which is generally considered the authority on setting associate salaries.
Lawyers Get Ready for First-Ever Supreme Court Oral Arguments by Phone
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The Supreme Court’s announcement this week that it will hold oral arguments via teleconference for the first time in its history has a small group of America’s top attorneys prepping for the most important phone calls of their careers.
Nanomech to Pay Lender Nearly $1.7 Million in Settlement, Drop Claims Against Former CEO Jim Phillips
News
The U.S. Bankruptcy Court for the District of Delaware approved a $1.7 million settlement agreement in the bankruptcy case of Springdale-based nanotechnology manufacturer NanoMech Inc. that will clear its former CEO of any wrongdoing.
Practice Areas Most Impacted By COVID-19
News
If attorneys have a good sense of the practice areas that are expanding and contracting in the current environment, they can best weather the storm of COVID-19.
‘Landmark Settlement’ With Justice Companies Over Unpaid Safety Penalties
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Coal companies owned by Gov. Jim Justice and his family have settled with federal agencies to satisfy more than $5 million in unpaid penalties for violations of the Federal Mine Safety and Health Act.
With LinkedIn Trademark Settlement, Cannabis Tech Standout LeafedIn Finalizes Rebrand to LeafedOut
News
LeafedOut, formerly known as LeafedIn, announced a resolution to their intellectual property dispute with the professional networking site “Linkedin” that correlated with their complete rebrand to Leafedout as of the start of this year.
Eleventh Circuit Affirms Individual’s $41 Million Verdict Against Tobacco Companies
News
The Eleventh Circuit affirmed denial of motions for judgment as a matter of law against R.J. Reynolds Tobacco Company and Philip Morris USA Inc. in a published opinion upholding multi-million dollar jury verdicts against both defendants.
Seventh Circuit Court Of Appeal (Mostly) Affirms Judgment Against Dish
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The appellate court concluded that the district court made no material legal errors save one– in assessing damages the Court started with the Plaintiff’s ability to pay and worked backward.
GM Reaches Settlement Over Lost Vehicle Value From Defective Ignition Switches
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General Motors has reached a $120 million settlement with owners who claimed that their vehicles lost value because of defective ignition switches, which have been linked to 124 deaths.
Top Lawyers’ Pay Cut as Coronavirus Brings C-Suite Austerity
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Top in-house lawyers are getting their compensation cut along with other executive officers as the new coronavirus causes widespread economic distress.
Foundry Employees’ Action is a “Mass Action” Subject to Removal Under the Class Action Fairness Act
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The Eleventh Circuit has clarified the scope of the ‘local event exception’ to the federal-court jurisdiction over ‘mass actions’ conferred by the Class Action Fairness Act (“CAFA”), holding that claims by former foundry employees against manufacturers and distributors of products used at the foundry are not within the exception.
D.C. Circuit Sidesteps Bristol-Myers Personal Jurisdiction Defense in Class Action, but Seventh Circuit Rejects It
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wo federal appellate courts published notable opinions on the intersection between personal jurisdiction jurisprudence and Rule 23 class action procedure.
Wells Fargo’s Top Lawyer Turned CEO Made $9.6 Million in 2019
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Former Wells Fargo & Co. general counsel C. Allen Parker Jr. took home outsized pay of more than $9.6 million last year thanks to his elevation to interim CEO.
Proposed Settlement of Age Discrimination Case Hardly Onerous for PricewaterhouseCoopers
News
PricewaterhouseCoopers (PwC) has agreed to settle a class action lawsuit alleging age discrimination in hiring by paying out $11.625 million, an amount that is not even a blip on the radar screen of a firm that reports annual revenues in excess of $41 billion.
DoD Wants to ‘Reconsider Certain Aspects’ of Decision to Award Microsoft $10B JEDI Contract
News
New court filings reveal that the Department of Defense wants to ‘reconsider certain aspects’ of its decision to award Microsoft with the coveted $10 billion Joint Enterprise Defense Infrastructure contract.
Am Law 50 Firm Demands Massive Tax Breaks, Sues Government For Not Handing Them Over
News
The Am Law 50 firm moved its headquarters to Philadelphia’s Cira Centre in 2005, taking advantage of a tax break program that Pennsylvania offers businesses to move into developments in formerly run-down areas.
