- 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
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
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
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…
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