A newsletter by Reuters and Westlaw |
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By Diana Novak Jones, Mike Scarcella and Sara Merken |
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REUTERS/Dado Ruvic/Illustration |
The U.S. Supreme Court is set today to consider a bid by Meta's Facebook to scuttle a federal securities fraud lawsuit brought by shareholders who accused the social media platform of misleading them about the misuse of its user data. It is one of two cases coming before the justices this month that could lead to rulings making it harder for private litigants to hold companies to account for alleged securities fraud, our colleague John Kruzel reports. The court is due to hear arguments in the other case, which involves artificial intelligence chipmaker Nvidia, next week. Andrew Feller, a former SEC lawyer now in private practice, said the Supreme Court's recent track record of handing down business-friendly decisions that narrowed the authority of federal regulators suggests that Facebook and Nvidia may similarly find "a receptive audience" before the justices. |
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- Utah is forging ahead with a proposal to allow law graduates to become licensed without taking the bar exam. The Utah Supreme Court released a plan to permit graduates to practice in the state after completing 240 hours of practice under the supervision of an experienced attorney, along with other requirements.
- Lawyers from Jenner & Block are representing Universal Music Group, the world's biggest music label, in a copyright infringement lawsuit filed in New York against French digital music company Believe that seeks damages of at least $500 million. Believe denied the allegations in the lawsuit, which claimed the company and its U.S. unit TuneCore have profited from the distribution of infringing copies of copyrighted recordings.
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That's roughly how much plaintiffs attorneys spent in September to air more than 4,600 TV ads soliciting claims from people who say they got cancer from talc powder products, according to data from mass tort advertising tracker X Ante. The September spending, which represents a more than 65% increase over August, came the same month that J&J said it would pay more than $9 billion to resolve talc claims as part of a proposed bankruptcy settlement. The company has maintained its talc products are safe and do not cause cancer. Read more. |
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The 3rd Circuit will hear arguments from abuse claimants and insurers over Boy Scouts of America's $2.46 billion settlement of 82,000 sexual abuse claims in bankruptcy. A relatively small group of 144 abuse claimants has argued that the settlement unlawfully stops them from suing organizations, such as churches and schools, that ran scouting programs where abuse occurred - PNC is slated to ask the Federal Circuit to reverse a $218 million verdict that military-focused financial services company USAA won against it in a patent dispute over mobile check deposit technology in 2022. PNC has argued that the patents at issue should be declared invalid.
- U.S. District Judge Matthew Garcia in Albuquerque is scheduled to hold an initial conference in multidistrict litigation accusing shale oil producers Hess, Pioneer Natural Resources and six others of a price-fixing scheme.
Court calendars are subject to last-minute docket changes.
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- A divided 9th Circuit panel said President Joe Biden exceeded his powers by imposing a minimum wage for federal contractors currently set at $17.20 an hour. The court in a 2-1 ruling said a 1949 law directing the president to create "an economical and efficient system" of federal procurement did not give the White House unfettered powers to dictate contractors' employment policies.
- Mental health telemedicine company Cerebral agreed to pay $3.65 million to resolve a federal investigation into practices that authorities say encouraged the unauthorized distribution of Adderall and other controlled substances.
- Online fast-fashion platforms Shein and Temu are gearing up for a 2026 trial at London's High Court, with the rivals trading allegations of copyright infringement and anti-competitive behavior in competing lawsuits. The competitors have also filed U.S. lawsuits against each other.
- U.S. District Judge Beth Labson Freeman in San Jose, California, dismissed a proposed class action accusing Google of illegally profiting from Google Play gift card scams by refusing to refund millions of dollars stolen from victims.
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- Morgan Lewis added Chicago-based partner Marina Aronchik, who advises companies on technology and sourcing agreements, from Mayer Brown. (Morgan Lewis)
- Mayer Brown hired private equity and M&A partner Jonathan Dhanawade in Chicago from Paul Hastings. (Mayer Brown)
- Simpson Thacher brought on M&A partners Adam Cromie and Matthew Fisher. Cromie, initially based in New York, arrives from Jones Day, while Fisher most recently was at Kirkland in Boston. (Simpson Thacher)
- Alston & Bird hired investment funds partner Sam Roh in New York from Kirkland. (Alston & Bird)
- Arnold & Porter picked up New York-based antitrust partner Bill Efron, who previously was director of the FTC's Northeast regional office. (Arnold & Porter)
- Sidley brought on capital markets partners Scott Colwell and Patrick Kwak in London from Latham. (Sidley)
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The extraterritorial application of the Defend Trade Secrets Act was the subject of a 7th Circuit appeal in a recent case involving Motorola and Hytera, writes R. Mark Halligan of FisherBroyles. Read today's Attorney Analysis. |
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