The Latest

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  HeadSpin founder Lachwani sentenced to 18 months in prison for fraud

  The former CEO of HeadSpin — ordered to pay a $1 million fine — faces a July hearing focused on compensating bilked investors.

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  Hydrox planning antitrust lawsuit against Oreo parent Mondelēz

  The cookie’s owner, Leaf Brands, accuses the snacking giant of intimidating retailers and instructing workers who restock shelves to hide, misplace or move Hydrox to less desirable locations. 

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  Jabil CFO steps up as CEO is placed on paid leave

  The manufacturer’s CFO is stepping into the interim CEO seat after Jabil struggled with “revenue headwinds” amid an ongoing restructuring and cost realignment plan.

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  Cyber insurance gaps stick firms with millions in uncovered losses

  An analysis of 101 breaches across various sectors revealed insurance gaps resulting in an average of $27.3 million in uncovered losses per incident.

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  How to negotiate higher in-house compensation

  Despite what the hiring manager says, there’s often more money available if a company wants to hire you, in-house legal specialists say.

  Hiring/Talent

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  Opinion

  Top 10 pet peeves for in-house litigation counsel

  Budget surprises, a failure to communicate at inflection points and vague billing entries are among the outside counsel practices that make life hard for in-house litigation counsel.   

  Legal Operations

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  Tesla taking novel approach to get $56B Musk pay back on track

  The company is relying on a Delaware law that allows for corrections to board decisions marred by technical errors.

  Lawsuits and Litigation

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  Opinion

  From hype to implementation: Tracking GenAI’s impact on the practice of law

  Legal departments are developing guidelines to ensure standards around safety, accountability, privacy, scientific practice and business are upheld as AI moves into the mainstream.

  Legal Technology

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  TD faces investor angst over anti-money laundering probe

  CEO Bharat Masrani said the bank has made strategic hires to improve its AML compliance and reassured investors of TD's "robust" bench of leaders.

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  JPMorgan, Russia’s VTB Bank sue each other

  VTB sued JPMorgan in Russia to regain access to assets frozen due to sanctions violations. JPMorgan countersued, saying VTB breached a 2008 agreement to handle any issues in New York.

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  Orthofix replaces legal chief, grapples with control weaknesses

  The new chief legal officer is joining the company as it faces a fresh set of headwinds related to its internal control over financial reports.

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  CEOs, CFOs can’t get non-prosecution agreement under DOJ pilot

  Criteria released by the Department of Justice April 15 lets corporate executives know if they stand a good chance of avoiding charges for coming forward with misconduct allegations.

  Emerging Issues

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  ‘An incredible undertaking’: 5 takeaways from Philips consent decree

  Under the agreement, the FDA will use rare powers to require repairs, replacements or refunds for recalled respiratory machines.

  Updated April 17, 2024

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  Crocs shrinking shoes lawsuit to move forward

  The footwear company had asked the court to dismiss a class action lawsuit that accused it of false advertising and misrepresentation.

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  Column

  Coming Live Nation antitrust suit suggests DOJ got it wrong last time

  Critics have said the Department of Justice should have broken up Live Nation when it looked at its 2010 merger with Ticketmaster. A reported lawsuit that’s coming could try to make that happen. 

  Emerging Issues

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  CFPB late-fee cap nears despite court battles

  Despite an industry-backed lawsuit seeking to stop the Consumer Financial Protection Bureau’s new $8 late fee rule, bank card issuers are bracing for potential implementation.

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  Staffing firm BaronHR pays $2.2M to settle claims it acquiesced to biased client requests

  The company steered candidates toward certain positions based on sex and rejected certain applicants based on race and national origins, EEOC alleged.

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  NYCB hires former OCC counsel to take legal chief role

  The beleaguered Long Island-based lender brought aboard four executives Friday whose careers had crossed paths with that of newly minted CEO Joseph Otting.

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  Certify to accuracy but otherwise no AI disclosure needed, patent office says

  Disclosure would be needed if AI use is material to the patentability of something, the agency says in its latest AI guidance.

  Emerging Issues

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  Solution to patchwork of state data-privacy laws shows promise

  By mostly preempting state laws, the American Privacy Rights Act would give companies a much-needed roadmap for compliance, privacy specialists say.

  Data Privacy

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  Opinion

  Multiple pathways for legal pros to move into biotech GC role

  The industry is expected to grow 14% over the next decade, providing opportunity for legal professionals attracted to the unique challenges in the life sciences.

  Hiring/Talent

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  EEOC finalizes pregnancy accommodation rule

  The much anticipated regulation includes abortion under the list of related medical conditions covered by the Pregnant Workers Fairness Act.

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  US, Europe lock arms on payments regulation

  U.S. and European regulators have joined forces to monitor digital payment concerns, including those related to buy now, pay later financing and big tech market participation.

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  Senate kills joint employer rule, setting up veto battle

  With a presidential veto likely and federal courts considering the rule, the fate of the National Labor Relations Board’s joint employer standard is tenuous. 

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  Insider trading cases show need for remote-work ground rules

  Legal leaders can set expectations for employees who come in contact with sensitive information from another in the household when they’re both working from home.

  Emerging Issues

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