Ex-TD employee charged in money laundering case

Leonardo Ayala, 24, issued dozens of debit cards linked to accounts opened by another TD employee in the names of shell companies, and received bribes for that work, the Justice Department alleged.

Albertsons sues Kroger over failed merger

Albertsons has terminated the merger agreement, alleging Kroger did not offer an adequate divestiture package and repeatedly ignored regulators’ concerns.

Updated Dec. 11, 2024

Deputy GC is becoming a key Microsoft communicator

Rima Alaily is using public communications to position the world’s third-largest company as a champion of transparency.

SCOTUS weighs fraud claim involving racial preferences

Lying during a bid process to evade a government agency’s disadvantaged business enterprise program did not merit a fraud conviction, an attorney for the defendants told the justices.

Ironclad AI assistant functions in native docx environment

The new software, called Jurist, is also able to rout prompts to different large language models based on the kind of task being worked on, the company says.

CFPB-Google battle likely to stretch into next administration

The Consumer Financial Protection Bureau says Google’s payment unit failed to explain why it was denying customer requests for refunds. Google told the agency to back off in a lawsuit.

Morgan Stanley to pay $15M over theft by now-former employees

The bank failed to detect hundreds of instances when brokers misappropriated client funds through unauthorized Automated Clearing House transfers, the SEC said.

FTC orders a building services contractor to end no-hire agreement

The company’s policy prevented workers from negotiating better wages, benefits and working conditions, the FTC said.

CFPB sues Comerica for ‘systematically failing’ federal benefits recipients

The watchdog, which Comerica sued last month over its “costly” investigation, alleged the bank intentionally dropped 24 million customer service calls and charged illegal ATM fees.

How to adopt GenAI within your legal department or law practice

Capital spending and ROI will be top of mind for legal executives moving forward with AI legal tools in 2025. Here are some best practices.

Lack of oversight called legitimate reason to doom Max 737 Boeing-DOJ plea deal

The judge’s focus on DEI in rejecting the agreement is attention-grabbing but it’s the absence of court enforcement that’s the problem, a legal scholar says.

Super Micro proposed class actions head toward consolidation

Litigation alleging Super Micro, its CEO and CFO misled investors is poised to heat up. But an AI supercomputer project the company is involved in got a shout-out from Elon Musk.

Court blocks Target’s attempt to move, dismiss DEI-related shareholder suit

The lawsuit argued that Target’s “DEI/ESG mandates” had a “known risk of adverse customer reactions,” and should have therefore been disclosed in investor statements.

Crypto leaders have knives out for attorneys leaving the SEC

Coinbase and Ripple executives want law firms not to hire lawyers who worked on lawsuits against them.

DEI failures contributed to a drop in stock prices, Lululemon shareholder alleges

Lululemon’s DEI initiative was “misguided” and its structure raised ethical concerns, the shareholder said in a derivative action lawsuit filed on behalf of the company.

RealPage files motion to dismiss DOJ suit

Despite the company’s “very compelling arguments,” an antitrust lawyer thinks the case will proceed.

Employee alleges Apple snoops on workers’ personal emails, photos

The plaintiff also alleged Apple’s intellectual property agreement bars employees from discussing information such as pay and working conditions.

Big tech likely to stay in crosshairs under Trump’s DOJ antitrust pick

Gail Slater, who would take over from Jonathan Kanter as the agency’s competition enforcer, is “not known as a friend of big tech” and her choice isn’t “good for Google,” CNBC analyst Jim Cramer says.

FTC cracks down on 3 clothing companies for false ‘Made in USA’ claims

The Federal Trade Commission is refunding $140,000 to consumers after the New England-based companies lied about where they manufactured their products. 

How to prepare for Trump’s new immigration policies

In light of potential deportation actions, lawyers recommend internal I-9 audits to ensure the work authorization status of employees.

Trump taps crypto lobbyist, business consultant to lead SEC

Trump’s nominee, Paul Atkins, served as a commissioner at the SEC under former President George W. Bush.

Judge nixes post-trial ‘ratification’ of Elon Musk’s record Tesla pay package

There’s no basis for creating new evidence by holding a shareholder vote after the case has gone to trial, Delaware Chancellor Kathaleen McCormick said in rejecting the pay package for a second time.

Biotech startup avoids SEC penalties through voluntary self-report

Cancer drug maker Kiromic was charged with omitting FDA regulators’ concerns about two of its therapies as it sought to raise $40 million from investors.

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What’s driving M&A into 2025? Companies seeking AI capabilities

The race into generative artificial intelligence is fueling many deals, while contingent considerations are bridging valuation gaps, Cooley’s M&A team says.