A Johnson & Johnson subsidiary filed for bankruptcy for a third time as the healthcare giant seeks to advance a proposed settlement of about $10 billion that would end tens of thousands of lawsuits alleging that the company's baby powder and other talc products caused cancer, report our colleagues Dietrich Knauth and Bhanvi Satija. After being rebuffed twice by federal courts, J&J is attempting again to end the litigation in a so-called "Texas two-step" bankruptcy. This time, the company, which denies the allegations over its talc products and says they are safe, received support of about 83% of current claimants for the proposed plan. J&J's third attempt at a bankruptcy settlement also differs from its previous efforts in part because it focuses only on ovarian and other gynecological cancer claims. |
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- King & Spalding asked a U.S. judge in Maryland to dismiss what it called a "misguided" lawsuit by a white, female lawyer accusing the firm of bias for a job program focused on boosting diversity for early-career attorneys. The firm's filing defended its program as lawful.
- Plaintiffs law giant Morgan & Morgan rekindled an internet advertising fight with another Florida-based law firm, claiming Morgan Law Group violated an agreement not to lure customers with misleading Google search results. The firm filed its suit in Orlando.
- A federal judge said George Mason University can continue its investigation of former law professor Joshua Wright, a one-time FTC member who resigned his teaching post in 2023 after several women accused him of sexual misconduct. The ruling narrowed a lawsuit Wright filed against the school.
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"The court must make clear that Musk's gamesmanship and delay tactics must cease." |
—SEC lawyer Robin Andrews, in a court filing that said the agency will seek sanctions against Elon Musk for allegedly violating a court order to appear for a deposition about his $44 billion purchase of the social platform previously known as Twitter. Musk, the SEC said, waited three hours before the scheduled testimony to advise he would not appear. He went to Cape Canaveral that day to oversee the launch of SpaceX's Polaris Dawn mission. He has agreed to a new date and time to sit down with the SEC. |
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- Today, Coinbase and the SEC will face off at the 3rd Circuit. A panel will take up the agency's denial of Coinbase's rulemaking petition, which challenged applying federal securities laws to cover digital assets.
- Also today, the 5th Circuit will consider the constitutionality of a federal law banning the sale of handguns and ammunition to adults under the age of 21. The DOJ, defending the law, argues there's no historical basis that the country's founders viewed the 2nd Amendment as limiting lawmakers from adopting age restrictions for firearms.
- On Tuesday, the full 5th Circuit will weigh claims that a library in the small town of Llano, Texas, infringed on First Amendment rights by removing some books from shelves. A panel ruled for the challengers, but the appeals court erased that decision when it said it would take up the case en banc.
- Also Tuesday, Caroline Ellison, a former executive of bankrupt cryptocurrency hedge fund Alameda Research who testified against founder Sam Bankman-Fried, is scheduled to be sentenced on fraud charges. Prosecutors have touted Ellison's "extraordinary" cooperation and said she deserves leniency.
- On Wednesday, SEC Chair Gary Gensler is scheduled to testify before the U.S. Senate banking committee at an oversight hearing.
- On Thursday, New York state appeals court judges are set to hear Donald Trump's appeal of a $454 million civil fraud judgment in a case accusing him of inflating his net worth to dupe lenders.
- On Friday, a woman is expected to plead guilty to charges that she helped run a high-end brothel network out of apartment complexes in greater Boston and northern Virginia whose customers included elected officials, tech executives, lawyers and professors. Han Lee was one of three alleged operators who were charged in the case.
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Court calendars are subject to last-minute docket changes. |
- The 3rd Circuit revived more than 500 lawsuits alleging that Merck failed to warn that its osteoporosis drug Fosamax increased the risk of thigh bone fractures. The panel overturned a lower court.
- Republicans in North Carolina lost their bid to block state election officials from accepting a form of digital university identification popular with college students, who lean Democrat. The ruling ensures young voters will be able vote with a new form of digital identification used by the University of North Carolina.
- The 6th Circuit rebooted lawsuits by a Christian medical ministry and a Catholic school in Michigan seeking to block the state from enforcing anti-discrimination laws against them for seeking to hire and serve only members of their faiths.
- The families of the six road workers killed when the Francis Scott Key Bridge in Baltimore collapsed filed wrongful death lawsuits against the owner and operator of the cargo ship that struck the bridge.
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- Latham added Jonathan Katz as a Houston-based project development and finance partner. Katz was previously at King & Spalding. (Latham)
- McCarter & English hired tax and employee benefits partner Robert Kaplan in Philadelphia. Kaplan was previously with Cozen O'Connor. (McCarter & English)
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In July, the U.S. Citizenship and Immigration Services updated its policy manual on the EB-5 program, which allows foreign investors to receive permanent residency in the U.S. if they meet certain criteria. Kirsten Crovello and Jennifer Hermansky of Greenberg Traurig explain what those changes could mean for investors. Read today's Attorney Analysis. |
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