- news.bloomberglaw.com
Berkley Insurance Unit Sheds Firefighter PFAS Exposure Claims
A Berkley Insurance unit secured a court ruling blocking coverage for PFAS-related claims against Fire-Dex LLC, citing an occupational disease exclusion in its policies. The decision is part of a broa…
- news.bloomberglaw.com
23andMe Judge Allows Reduced Fees for Some Data Breach Law Firms
A bankruptcy judge ruled that class counsel in a $46.8M data breach settlement against 23andMe can allocate $11.6M in attorneys’ fees using a formula that discounts work by some law firms. The ruling …
- news.bloomberglaw.com
AIG Succeeds in Appeal of Oil, Gas Well Fire Settlement Costs - Bloomberg Law News
AIG’s Commerce & Industry Insurance Co. successfully appealed a lower court ruling, allowing it to avoid recouping settlement costs from a fatal North Dakota oil well explosion. The Eighth Circuit Cou…
- news.bloomberglaw.com
Blackstone Said to Weigh Buying Stake in India Shadow Lender (3)
Blackstone is considering buying a stake in IIFL Finance, an Indian shadow lender, as Fairfax Financial Holdings plans to exit its holding to comply with regulatory guidelines ahead of acquiring IDBI …
- news.bloomberglaw.com
Deckers Wins Dismissal of Antitrust Suit Over ‘Sham’ Ugg Cases - Bloomberg Law News
A federal judge dismissed Quince’s antitrust lawsuit against Deckers, ruling the complaint failed to specify which of Deckers’ many trademark lawsuits constituted a sham litigation scheme. The judge f…
- news.bloomberglaw.com
AI Data Trainers Suits Open New Misclassification Fight Frontier
A wave of misclassification lawsuits filed by AI trainers against companies like Meta-acquired Assured Robot Intelligence and Mercor.io is leveraging gig-economy-era legal tests to challenge contracto…
- news.bloomberglaw.com
Ex-Davis Polk Energy Client Fires Back in $3.2 Million Fee Spat
Enel SpA accused Davis Polk of inflating fees and delivering subpar legal work in the energy sector, calling the firm unqualified. Davis Polk had filed a $3.2 million suit after withdrawing from repre…
- news.bloomberglaw.com
Willkie, Ropes, Davis Polk Aid $7 Billion First Eagle Buy (1)
Victory Capital agreed to buy First Eagle Investments for approximately $7 billion, adding scaled CLO and alternative credit capabilities to its portfolio. The deal follows a trend of asset management…
- news.bloomberglaw.com
Simpson Thacher, Cravath Lead Aon’s $17 Billion USI Buy From KKR
Aon Plc agreed to purchase USI Insurance Services from KKR & Co. for $17 billion, with legal representation led by Simpson Thacher for KKR and USI, and Cravath for Aon. The deal follows KKR's prior gu…
- news.bloomberglaw.com
Top NLRB Lawyer Blazes New Trail on Challenging Labor Precedents
The NLRB’s General Counsel Crystal Carey issued a memo ending the requirement for regional officials to submit cases targeting specific labor law precedents for review. This shift signals a new, manag…
- news.bloomberglaw.com
AI Defamation Disputes Trip Up Courts Seeking a ‘Mind’ to Blame
Courts are grappling with AI-generated defamation cases, such as a recent ruling against Google’s AI for falsely labeling an activist as a child molester. Legal scholars argue traditional libel standa…
- news.bloomberglaw.com
Abu Dhabi’s G42 Weighs US Ownership to Safeguard AI Chip Access
G42, Abu Dhabi’s AI flagship, is exploring selling a majority stake to US companies to ensure continued access to advanced AI chips beyond 2027. The firm, backed by a royal family member, secured temp…
- news.bloomberglaw.com
Senators Condemn Roblox, Discord Moving Victims Into Arbitration
Three US Senators filed an amicus brief opposing Roblox and Discord’s use of arbitration clauses in lawsuits alleging they failed to protect children from sexual abuse. The Senators argue victims dese…
- news.bloomberglaw.com
California Business Lobby Notches Win on Antitrust Law Expansion
California significantly scaled back AB 1776, a proposal to expand the state’s Cartwright Act to cover anticompetitive conduct by individual companies. Amendments removed provisions opposed by busines…
- news.bloomberglaw.com
Winston Taylor Energy, Infrastructure Partners Decamp for Sidley
Sidley Austin added a four-partner energy and infrastructure team from Winston Taylor, including Michael Pikiel Jr. and Patrick Selinger, to bolster its cross-border project finance and regulatory cap…
- news.bloomberglaw.com
Big Four’s Past Climate Reporting Support Draws State Scrutiny - Bloomberg Law News
Sixteen Republican state attorneys general accused Deloitte, EY, KPMG, and PwC of potentially violating state laws by promoting climate-related disclosures while performing audits, alleging misreprese…
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