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SEC charges Invesco $17.5M for misleading ESG statements
“Companies should be straightforward with their clients and investors rather than seeking to capitalize on investing trends and buzzwords,” the acting head of SEC enforcement said.
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California’s climate disclosure laws survive first legal challenge
A federal judge denied a motion for summary judgment from the U.S. Chamber of Commerce which alleged the state’s climate bills — SB 253 and SB 261 — violated the First Amendment.
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FTX suing Binance, founder for $1.76B
The FTX estate is looking to recoup funds it alleged were “fraudulently” transferred to Binance in 2021.
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Trump agenda has states, advocacy groups girding for legal battles
California, New York and Illinois are among states readying to sue the Trump administration over divisive social issues.
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Facebook seeks to scuttle massive securities fraud suit
An attorney representing Facebook’s parent, Meta, told the Supreme Court the company did not need to disclose a past data breach on risk disclosure statements with the SEC.
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Harness your data better to drive legal strategy, AI expert says
Generative AI is a key component of unlocking data to benefit in-house legal departments and their outside firms, a legal tech executive says.
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Merger guidelines will likely go away under Trump
Expect continued robust enforcement of competition laws but based on legal precedent rather than the sweeping approach taken under Biden, specialists say.
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Wabash vows to keep fighting $450M punitive verdict
The company has argued that the verdict was excessive and should be dramatically reduced.
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FTC orders Sitejabber to stop misleading customers with reviews
The agency alleges the online platform published reviews from customers who hadn’t received or experienced the product or service being reviewed.
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Which rule is ‘dead’ and which will go into effect under Trump? Attorneys weigh in.
Three Cozen O’Connor attorneys discuss which widely-watched Biden administration rule is likely to survive — and what’s likely to go nowhere.
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Trump lawsuit over CBS editing raises issue of judge-shopping
The ex-president’s filing in Texas concerning a “60 Minutes” segment could be a venue stretch. How far can a lawyer reasonably argue that a particular court is the right place to litigate?
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4 employment actions to expect under a second Trump presidency
Employers are likely to see immigration raids, agency chair replacements and a slowing in regulatory activity, experts at Littler predicted.
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Justices weigh FLSA overtime exemption burden of proof
A number of federal laws use a preponderance of evidence standard and so should the Fair Labor Standards Act, says the attorney representing the employer in the case.
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Opinion
Alphabet case echoes 50 years of antitrust overreach
New technologies, not antitrust actions, have tended to humble tech giants of the past. There ‘s no reason to believe that won’t be the case today as regulators target a new set of successful companies.
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Banking rules, and regulators, that face change under Trump
With another Trump presidency set to kick off in January, the clock has turned against several Democratic appointees and agenda items.
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SCOTUS looks at FCA damages even when US doesn’t provide funds
Wisconsin Bell says it shouldn’t be subject to False Claims Act damages because the subsidies it took advantage of weren’t provided by the federal government.
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Opinion
DOJ’s Visa suit is unfounded
The government acknowledges payment volumes are rising, in part because of fintech growth. This competition wouldn’t be happening if a single entity, like Visa, controlled the ecosystem.
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Opinion
Supreme Court poised to weigh in on legal test for FLSA exemptions
The High Court heard oral arguments Tuesday in a case that could have implications for employers nationwide.
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DOJ has received 200 tips since launching whistleblower program
Self-disclosures have picked up, too, doubling since 2021, as part of the agency’s broader corporate accountability push, an agency official reports.
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Kroger-Albertsons merger in court: 6 key takeaways
Competition, pricing and the fate of Albertsons were key points of contention in the three court battles that unfolded over a nearly two-month period.
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Geopolitical risk is spurring greater corporate spending: survey
Among six major global trade nations, corporate legal executives see the U.S. and Mexico as the highest risk for imposing trade tariffs, a survey finds.
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Visa lawsuit might complicate DOJ’s scrutiny of Capital One-Discover deal
If the Justice Department were to block the Capital One-Discover deal while also going after Visa, “they’d be intellectually inconsistent,” a George Mason University law professor said.
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SEC says Vanguard can nix human rights shareholder proposals from 2025 proxy materials
The agency agreed that two sets of the firms’ funds can exclude a proposal to provide greater transparency to ensure their investments don’t “substantially contribute to genocide.”
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AmLaw 100 firm touts in-house leadership workshop for women
The general counsel workshop is seen as a way to help corporate counsel advance their careers while they build relationships with law firms.
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SEC cyber rules could survive regardless of election outcome, experts say
As the U.S. presidential election looms, cybersecurity remains a bipartisan focus, experts said during a joint CFO Dive and CIO Dive live event.