Top updates from 2024
November 2024
- news.bloomberglaw.com
Meta’s Landmark Settlement Marks Tech Accountability Milestone
Meta agreed to a landmark $18B settlement with state attorneys general over allegations of fostering youth addiction to social media, implementing design changes like time limits, muted notifications,…
- news.bloomberglaw.com
OpenAI Is Open to Slowing Cutting-Edge AI, Altman Tells Staff
OpenAI CEO Sam Altman indicated the company may slow the development of cutting-edge AI, potentially in coordination with other labs, to address safety risks. The move follows internal and public conc…
- news.bloomberglaw.com
Adobe Names Chakravarthy CEO, While Other Contender Departs (1)
Adobe appointed Anil Chakravarthy as CEO effective December 1, 2024, while Shantanu Narayen transitioned to executive chair after leading the company since 2007. David Wadhwani, head of Adobe’s creati…
September 2024
- news.bloomberglaw.com
PE, Hedge Funds Now Barred From Steering Law Firms in California
California Governor Gavin Newsom signed AB 2305 into law on Sept. 20, 2024, prohibiting private equity, hedge funds, and litigation funders from directing or influencing law firms they invest in. The …
- news.bloomberglaw.com
LA Social Media Trials Put Teen Plaintiffs in Uneasy Spotlight
Two teenage plaintiffs withdrew from Los Angeles mass tort trials against Meta, Google, and TikTok, citing the psychological toll of litigation. Their exits followed a $6 million jury award for a 20-y…
- news.bloomberglaw.com
LIV Golf 2.0 Deal Must Balance Big Stars With Big Tax Breaks
LIV Golf’s Chapter 11 reorganization requires star golfers to convert $18.8M in unsecured claims into 52.5% equity within 35 days to unlock a $300M recapitalization by BC Partners. The deal’s viabilit…
- news.bloomberglaw.com
HSF Kramer Booted from Power Plant Bankruptcy Over Lender Work
A Delaware bankruptcy judge disqualified HSF Kramer from representing Omnis Pleasants LLC in Chapter 11 proceedings due to conflicts arising from prior legal work for lenders controlled by Tony Robbin…
- news.bloomberglaw.com
Oversight’s Comer Moves to Hold Leon Black in Contempt (1)
The House Oversight Committee advanced a contempt motion against Leon Black, co-founder of Apollo Global Management, for refusing to comply with subpoenas regarding his ties to Jeffrey Epstein. Black …
- news.bloomberglaw.com
IBM Maximo Products Infringe Systems Patents, SecureNet Alleges - Bloomberg Law News
SecureNet filed a lawsuit against IBM on Sept. 4, alleging IBM's Maximo products willfully infringe 11 patents covering sensor data collection and storage management systems. The complaint cites prior…
- news.bloomberglaw.com
Government Defends Legal Underpinning for Forced Labor Tariffs
The U.S. government argued in a Sept. 4 legal brief that its forced labor tariffs comply with Section 301 of the Trade Act and withstand challenges under the Administrative Procedure Act. The governme…
- news.bloomberglaw.com
Ashurst Perkins Coie Onboards IP Litigator Schnapp in New York
Ashurst Perkins Coie announced the hiring of Daniel Schnapp as a partner in its New York IP practice, bringing over 20 years of experience in high-stakes IP disputes and commercial litigation. Schnapp…
August 2024
- news.bloomberglaw.com
California Lawmakers Gut Private Suits Under Key Privacy Law (1)
California lawmakers passed SB 690 to eliminate private lawsuits under Section 638.51 of the California Invasion of Privacy Act (CIPA), which targets website tracking tools functioning as pen register…
- news.bloomberglaw.com
How the Meta Settlement May Change Social Media: Explainer
Meta agreed to a landmark $18B settlement with state attorneys general over social media safety and privacy claims, one of the largest payouts in U.S. legal history. The deal mandates new platform gua…
- news.bloomberglaw.com
Texas’ Billion-Dollar Side Deal Ranks High in Meta Settlement
Texas negotiated a $1.05B (up to $1.335B) side settlement with Meta over social media addiction claims, bypassing a $17B multistate deal. The agreement, confirmed via public records, exceeds Texas' ex…
- news.bloomberglaw.com
KPMG Australia to Fire Hundreds of Workers as Crisis Deepens (1)
KPMG Australia announced plans to reduce its workforce by 5% (360 employees and 27 partners) due to a scandal involving misuse of client information and a 17% drop in consulting revenue. Total revenue…
- news.bloomberglaw.com
New Texas Data Center Buildout Uncertainties Rile Big Law Clients
Texas Governor Greg Abbott ordered an audit of data center projects seeking grid connections, freezing new approvals amid voter backlash. The review targets 1,800 projects totaling 474 GW, with deadli…
- news.bloomberglaw.com
Judge-Made Rule Criticism Endangers Manager Retaliation Standard
A court-created 'manager’s rule' limiting retaliation protections for HR and managerial workers under Title VII is facing increasing judicial doubt, with the Seventh Circuit questioning its validity. …
July 2024
- news.bloomberglaw.com
Breastfeeding Workers See Early Success in PUMP Act Lawsuits
Federal courts have ruled in favor of breastfeeding workers in nearly half of early PUMP Act lawsuits, with plaintiffs surviving dismissal, securing settlements, or winning jury trials. The law requir…
- news.bloomberglaw.com
H-1B Workers’ Grace Period After Layoff Nixed in DHS Proposal
The Department of Homeland Security proposed eliminating the 60-day grace period for H-1B and other visa workers to find new employment after layoffs, reversing an Obama-era rule. The change would imm…
- news.bloomberglaw.com
Kentucky Sues Mayday Health Over Abortion Pill Advertising - news.bloomberglaw.com
Kentucky filed a lawsuit against Mayday Health, alleging its ads and website facilitate illegal distribution of abortion-inducing drugs in the state. The complaint claims Mayday’s practices violate th…
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