Tag: Corporate
SmileDirectClub Sues NBC for $2.85 Billion
News
SmileDirectClub is suing NBC seeking more than $2.85 billion. The teledentistry company claims the network made more than 40 false and misleading statements in a February 2020 broadcast of NBC Nightly News With Lester Holt.
Judge Says Apple Must Face Shareholder Lawsuit
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Apple will have to face a lawsuit claiming the tech giant fraudulently concealed decreased demand for iPhones, leading to tens of billions of dollars in shareholder losses.
$5 Billion Lawsuit Claims Google’s Incognito Mode Spies on You
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A $5B lawsuit accuses Google parent company Alphabet Inc. of quietly amassing data about what people do online and what sites they visit while in the private browser mode.
Biglaw Firm Late on Rent — to the Tune of $3.7 Million — According to Landlord
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Jenner & Block is behind on its rent for the firm’s Chicago office. The firm owes $3,726,415.74, plus late fees and interest.
Historic Opioid Agreement Clears Way for Rural Communities to Benefit from Litigation Settlements
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A landmark agreement between the Texas Attorney General’s office and a group of Texas counties and cities impacted by the country’s opioid epidemic paves the way for future settlement money to be directed to rural communities battling the crisis.
No More Legal Headache for Bayer as it Nears $10B Roundup Settlement
News
Investors suffering losses from Bayer’s Roundup legal woes are finally seeing a light at the end of the tunnel, as the German conglomerate is said to be nearing a final settlement that could put tens of thousands of lawsuits behind it.
Facebook will Pay $52 Million in Settlement with Moderators who Developed PTSD on the Job
News
In a landmark acknowledgment of the toll that content moderation takes on its workforce, Facebook has agreed to pay $52 million to current and former moderators to compensate them for mental health issues developed on the job.
Regulators Approve $1.9 Billion Settlement With PG&E, But Back Off on Major Fine
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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
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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
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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.
Levy Konigsberg LLP Upholds $3.3M Verdict Against Whittaker Clark & Daniels, Inc. for Toxic Talcum Powder
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On April 9th, 2020 the New York Supreme Court, Appellate Division, First Department, affirmed the trial court’s decision in Nemeth v. Brenntag North America, et al., Case No. 9765, New York County Index No. 190138/14, denying the defendant’s post-trial motions.
Nanomech to Pay Lender Nearly $1.7 Million in Settlement, Drop Claims Against Former CEO Jim Phillips
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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
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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
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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
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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.
