The Latest
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Ben & Jerry’s sues parent company Unilever for stifling its stance on Gaza
The ice-cream maker said Unilever threatened to “dismantle” its independent board and sue its board members if it issued a statement calling for a “ceasefire” in the region.
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Trump’s DOJ pick has backed tough antitrust actions against big tech
Even if the controversial nominee is confirmed, it’s not yet clear if his “surprising” antitrust positions will be adopted in the Trump administration, analysts said.
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How the role of chief risk officer at banks is evolving
Bank failures last year forced CROs to take on higher corporate profiles and sharpen their skill sets.
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Spirit Airlines files for bankruptcy months after JetBlue merger demise
The company’s prepackaged Chapter 11 filing in New York contemplates much of its creditors’ debt being converted into new equity.
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FTC sees big drop in consumer relief per dollar spent on enforcement
The agency blames the Supreme Court’s 2020 AMG decision, which said courts had been improperly allowing the FTC to obtain money as part of an injunction against company practices.
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Trump SDNY pick Clayton led SEC effort to ease IPO rules
The incoming administration says it wants former SEC Chair Jay Clayton to head the U.S. attorney's office in the Southern District of New York, installing someone regarded as a steady hand.
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The image by Tony Webster is licensed under CC BY-SA 2.0
Smithfield pays $2M to settle child labor allegations at Minnesota meat plant
Children between the ages of 14 and 17 were employed at a processing facility, with most working after 9 p.m., according to a two-year state audit.
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New X CFO received presidential pardon from Trump
The appointment is “consistent with Musk’s emphasis on loyalty,” a trait he sometimes values over “conventionally ‘safe’ hires,” Cowen Partners’ Shawn Cole said.
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The legal pathways for Biden-era rules facing a Trump takedown
With the Trump administration expected to undo much of its predecessor’s agency-level regulation, here’s a look at how federal rules may play out in the transition.
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OpinionStrategies for shareholders to compel annual meetings in jurisdictions outside of Delaware
Many states can lack clear precedent regarding enforcement of shareholders’ right to a meeting. Counsel can provide guidance by evaluating their state’s procedural vehicles, the ripeness of the case and the scope of relief available.
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Trump’s contentious AG choice presents Senate majority a test
The selection of ex-congressman Matt Gaetz serves as an early loyalty exam for Senate Republicans, and may point to several Trump recess appointments.
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Chipotle defrauded investors with inconsistent meal sizes, says plaintiff seeking class action
The case is an example of securities lawsuits run amok, a directors and officers liability law specialist says.
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Tapestry and Capri terminate merger agreement
After losing a lawsuit against the FTC, both companies agreed to cancel the deal, calling the legal process “uncertain and unlikely to be resolved.”
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Don’t let Musk ‘hissy fit’ ruin states’ corporate law role, legal expert says
Trump’s incoming "efficiency czar” has talked about handing corporation law to the federal government. That’s a bad idea, Stephen Bainbridge of UCLA says.
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Spirit Airlines faces a major restructuring, possibly in bankruptcy
The low-fare carrier is trying to rework more than $1 billion in debt due next year ahead of a bank deadline for credit-card hold-backs.
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Q&AHow a tech GC views AI-enabled efficiencies and regulation
PagerDuty’s top in-house counsel sees legal AI tools as a way to scale resources without adding headcount while focusing lawyers on their high-value work.
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Courtesy of Fannie Mae
Fannie Mae investigates potential multifamily mortgage fraud
The government-sponsored enterprise admitted in its Q3 report that it had experienced financial losses due to loan misrepresentation.
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Ryan Golden/Legal Dive
Captive audience meetings are unlawful, NLRB says
The meetings, a common strategy for employers during union drives, “have a reasonable tendency to interfere with and coerce employees” in the exercise of their rights, the Board decided.
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Only 16% of global companies on track for 2050 net-zero goals: Accenture
“The fact that so few of the G2000 companies are on track to reach net-zero emissions is alarming,” the director of shareholder advocacy at Trillium Asset Management told ESG Dive.
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GAAP is letting companies get away with anticompetitive mergers, researchers say
Intangible assets aren’t being captured in the merger review thresholds that federal antitrust agencies rely on, a paper shows.
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Shein will continue to face RICO charges in copyright infringement lawsuit
A federal judge denied the fast fashion giant’s request to dismiss racketeering claims.
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Courtesy of Comerica
Comerica sues CFPB over ‘costly’ prepaid card probe
The agency “failed to acknowledge” that Comerica “generally acted with the oversight … or approval of the federal government” in handling a Treasury Department program, the bank said.
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Chip Somodevilla via Getty Images
ColumnUnlike Khan, next FTC chair will likely have private sector experience
All of the candidates under consideration have practiced in law firms or have had in-house roles, suggesting they’ll bring context that critics say is lacking in the current chief.
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Chip Somodevilla via Getty Images
FTC noncompete ban likely dead under Trump
The president-elect is known to be a user of NDAs that function as noncompetes, and the accounting firm behind the successful court challenge to the ban is a Trump tax adviser.
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Utah Supreme Court proposes apprenticeship path for law graduates
The trend is in keeping with a larger workforce-wide push toward skills-based hiring.
