Mon.Jun 17, 2024

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What Are Your Non-Negotiables?

Attorney at Work

Brooke Lively | Knowing your non-negotiables is the key to making a deal to sell your firm you won't regret. The post What Are Your Non-Negotiables? appeared first on Articles, Tips and Tech for Law Firms and Lawyers.

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ComplexDiscovery Pricing Pulse Check: Summer 2024 Survey Invites eDiscovery Practitioner Insights

Complex Discovery

Editor’s Note: As we embark on another journey to explore eDiscovery pricing structures, ComplexDiscovery OÜ reaffirms its dedication to providing the industry with invaluable data through its Summer 2024 eDiscovery Pricing Survey. The insights gathered from this survey transcend mere numbers; they are reflections of the industry’s evolving landscape, narrated by the voices of those who navigate its challenges and opportunities daily.

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Ex-Synchronoss CFO to pay $125k fine for accounting misconduct

Legal Dive

Alongside the reimbursement of certain compensation to Synchronoss, the ex-CFO agreed to pay $125,000 in civil penalties without admitting or denying the SEC’s charges.

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Johnson & Johnson Reaches $700 Million Settlement Over Talcum Powder Litigation

Complex Discovery

Editor’s Note: The recent $700 million settlement between Johnson & Johnson and 43 U.S. states over talcum powder litigation marks a pivotal moment in consumer protection and corporate accountability. This case highlights critical issues surrounding product safety, transparency, and the ethical responsibilities of corporations, especially within the pharmaceutical industry.

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Visibility Into the Strategy & Supporting Documents of Major US Law Firms

Law Firm Intelligence by Trellis aggregates state trial court data across the Trellis platform enabling users to: look up a particular metric related to a specific law firm (such as, how many cases a law firm had or has against another law firm), and see the actual dockets and documents supporting the metric. Trellis data is maximized in a revolutionary and unique way to provide users an exclusive look into a law firm litigating in state trial courts.

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Adobe faces US federal government lawsuit alleging it hides termination fees to trap subscribers

Legal IT Insider

The US Department of Justice has today (17 June) begun a lawsuit against Adobe alleging that it has for years harmed consumers by enrolling them in a default subscription plan […] The post Adobe faces US federal government lawsuit alleging it hides termination fees to trap subscribers appeared first on Legal IT Insider.

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THE HIGH COURT DOES NOT HAVE JURISDICTION TO HEAR AN APPEAL FROM A CIRCUIT JUDGE WHEN THAT DECISION WAS ITSELF AN APPEAL: DECISION ON THIS POINT

Civil Litigation Brief

It is always important to remember that appeals from Circuit Judges, which are themselves a decision made on appeal, can only be heard by the Court of Appeal. In Jarvis v Metro Taxis Ltd [2024] EWHC 1452 (KB) Mr Justice.

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Color, Sneakers, Parody, AI and the ‘F’ Word: It’s Already Been Quite a Year for Trademarks

IP Watchdog

It has already been quite a year in the world of U.S. trademark practice. If you manufacture a highly colorful product, are the owner of a well-known trademark, are an AI start-up company or are testing the waters as to whether a certain, unsavory word is protectable, pay attention to developments that have happened in just the first half of 2024.

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New Lead Singer of the Four Tops Sues Hospital for Discrimination

Practice of Law

An unfortunate incident at a Michigan hospital left an acclaimed singer and member of the Four Tops feeling neglected and discriminated against, largely due to hospital staff thinking he was delusional for claiming to be who he was — and potentially because he was black. He’s now suing the hospital and its workers. Motown Morris If you’re from Motor City or a decades music junkie, you’ll probably be pretty familiar with the legendary group The Four Tops.

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COST BITES 157: AGREEMENT AS TO COSTS BETWEEN CLIENT AND SOLICITOR WAS CONTRACTUALLY BINDING: APPLICATION FOR SOLICITORS ACT ASSESSMENT STRUCK OUT

Civil Litigation Brief

I am grateful to my colleague Kevin Latham for drawing my attention to the decision of Mr Justice Eyre in Holcroft v Thorneycroft Solicitors Ltd [2024] EWHC 1473 (KB). The judge found that an agreement as to costs, between a.

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A Look at Key USPTO Director Review Decisions and their Significance

IP Watchdog

Prior to the Supreme Court’s 2021 decision in United States v. Arthrex, Inc., while there were some mechanisms for review of decisions by Patent Trial and Appeal Board (PTAB) panels, Director Review (DR) as a standalone review mechanism was essentially non-existent. After Arthrex, however, that changed—with the U.S. Patent and Trademark Office (USPTO) setting forth an interim DR process, followed by a revised DR process, and now formal rulemaking in April 2024.

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Stay On Top of Newly Filed State & Federal Litigation: Curated Just for You!

With Daily Filings Report by Trellis you will receive an email and csv file daily with all new cases filed in the jurisdictions you're tracking. Each new case will include all case metadata like judge, parties, counsel, practice area, and even direct links to the full docket and complaint. Trellis Daily Filings Reports provide direct access to newly filed state and federal litigation curated just for you.

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Ransomware victims becoming less likely to pay cyberhackers

Legal Dive

Demands jumped in 2023 even as more companies plot better defenses against attacks that can incur deep business interruption costs, a report says.

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Understanding Law Firm Expenses: Hard Costs vs Soft Costs

MyCase

Managing law firm expenses is vital for understanding your firm’s financial health and optimizing profitability. However, the distinction between hard costs and soft costs can often lead to confusion. This understanding is crucial for legal professionals to gain a comprehensive view of the firm’s financial operations and ensure its sustainability for long-term success.

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UBS to set aside $900M to compensate Greensill investors

Legal Dive

The Swiss bank inherited the issue when it acquired Credit Suisse. The amount accounts for 90% of what clients are owed from the 2021 collapse of the supply chain financing firm.

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Understanding Law Firm Expenses: Hard Costs vs Soft Costs

MyCase

Managing law firm expenses is vital for understanding your firm’s financial health and optimizing profitability. However, the distinction between hard costs and soft costs can often lead to confusion. This understanding is crucial for legal professionals to gain a comprehensive view of the firm’s financial operations and ensure its sustainability for long-term success.

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SEC Obtains Final Judgment Against Synchronoss CFO for Role in Accounting Misconduct

Securities Docket

On June 14, 2024, the U.S. District Court for the Southern District of New York entered a final judgment against Karen Rosenberger, imposing an injunction and officer and director bar, and also ordering her to pay civil monetary penalties and reimburse Synchronoss Technologies, Inc. (“Synchronoss”) for certain compensation. According to the SEC’s complaint, Rosenberger engaged in accounting misconduct which resulted in the overstatement of revenue by Synchronoss.

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Product Walk Through: Thomson Reuters CoCounsel

Legal IT Insider

Valerie McConnell, senior director of customer success at Thomson Reuters, gives Legal IT Insider a demonstration of the functionality currently available within generative AI research platform CoCounsel. McConnell talks us […] The post Product Walk Through: Thomson Reuters CoCounsel appeared first on Legal IT Insider.

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Opioids Lawyers Offer Investors Piece of $100 Million-Plus Win

Securities Docket

A law firm set to earn more than $100 million for its work on opioids cases is packaging its fees and selling it to investors as a security. Napoli Shkolnik PLLC is pooling its portion of approximately $1.3 billion in settlements with major opioid manufacturers and pharmacies, including McKesson, Janssen, CVS and Walgreens, according to a Securities and Exchange Commission filing.

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Only 14% Of In-Housers Never Use GenAI

InHouseBlog

Never use GenAI? You are part of a dwindling cohort in the in-house world as your peers are steaming ahead with GenAI-enabled tools.

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Remembering Founding Dean William H. Donaldson, 1931-2024 | Yale School of Management

Securities Docket

William H. Donaldson, the founding dean of the Yale School of Management and a leader of several major institutions of American business, died on Wednesday, June 12, 2024. His decades at the heights of business, government, and academia included tenures as chair of the Securities and Exchange Commission, chairman, president and CEO of Aetna, Inc., and chairman and chief executive of the New York Stock Exchange.

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Judge dismisses states’ challenge of EEOC’s pregnancy accommodation rule

Legal Dive

The plaintiffs took issue with accommodations for elective abortions but failed to show the rule was likely to cause any alleged sovereign or economic harm, the court held.

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Tesla to Texas

Securities Docket

But Elon Musk is different. Elon Musk is constantly pushing the boundaries of the securities laws, but in complicated ways that are arguably allowed. He’s not running around doing funny frauds; he’s running around tweeting ambiguous winking things. And he is maximally aggressive, and hires maximally aggressive lawyers, and is politically influential.

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Truck stop franchisee suing retailer for over $300M

Legal Dive

DG Gas, which planned to build and run 25 TA Express locations, lost its franchise agreement shortly after the travel center chain was acquired by BP.

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What Elon Musk’s Convincing Win Means for Tesla – The New York Times

Securities Docket

One other question we have: What does the vote mean for the multibillion-dollar fee that the lawyers who have successfully challenged the pay plan in Delaware are seeking? If the presiding judge says the package remains nullified, they’re likely to still get lots of money. If she reverses course, they could be awarded far less — but they would then probably appeal.

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Don’t call your business colleagues ‘clients,’ GC says

Legal Dive

Doing so reinforces the idea that in-house legal isn’t part of the team, says a veteran corporate counsel.

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Elon Musk and the SEC Are on a Collision Course Again  – WSJ

Securities Docket

The Securities and Exchange Commission has been investigating Musk’s late disclosure of his purchases of Twitter stock before he took over the company. Excerpts of Musk’s testimony provided to the SEC, which came to light last month through a separate lawsuit, suggest Musk and his adviser brushed off compliance with a rule that required him to reveal his ownership once it passed 5% of Twitter’s shares.

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The art of succession: How your law firm can leverage technology to foster future rainmakers and mitigate client risks

Legal Dive

Is your firm ready for future leadership transitions? Explore strategies for a seamless succession.

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The Big Loser in Tesla’s Shareholder Vote Is Delaware – WSJ

Securities Docket

Tesla’s reincorporation in Texas is about much more than saving the electric-car juggernaut $250,000 a year in state fees. It is an attempt by Elon Musk to loosen Delaware’s grip on American corporations. About two-thirds of S&P 500 companies—regardless of where they are actually based—are incorporated in Delaware, largely because the tiny state has specialized courts that handle business matters and stacks of legal precedents for addressing such disputes.

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Hedge Funds Fighting Gary Gensler and SEC’s Policies Have Secret Weapon in Texas – Bloomberg

Securities Docket

The National Association of Private Fund Managers, a little-known group whose main focus appears to be challenging SEC rules, has sat tucked in a Fort Worth law office since its founding in 2022. Its home is 1,500 miles from many hedge fund campuses in leafy Connecticut, and even further from London or Singapore, where its impact is being felt. But the group’s address at 301 Commerce Street in Texas’s fifth-biggest city is serving a greater purpose.

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