Know What's Happening in Legal
Know What's Happening in Legal
NY Federal Court Limits D&O Run‑Off Exclusions to Unlawful Acts
A New York federal judge ruled that post‑cut‑off actions do not defeat D&O coverage unless they constitute unlawful conduct. The court found AmTrust’s 2019 preferred‑share delisting was a lawful corrective disclosure, rejecting the insurer’s reliance on the subsequent‑acts exclusion. The decision clarifies that New York’s “Wrongful Act” requirement hinges on illegality.
Also developing:
By the numbers: Oil majors acquire $164M of Alaska oil leases
The U.S. Supreme Court on Friday struck down many of President Trump’s tariffs imposed under the International Emergency Economic Powers Act, including several that targeted Canadian imports. The ruling was hailed by the Canadian Federation of Independent Business as a welcome development for small and medium‑sized firms, though it warned that alternative trade tools could still be used. Unifor cautioned that Section 232 steel, aluminum and other duties remain untouched, leaving Canadian jobs vulnerable. Analysts noted that U.S. importers might receive retroactive rebates, but retail price effects are expected to be limited.
In a 6‑3 ruling, the Supreme Court held that President Trump lacked authority under the International Emergency Economic Power Act to impose sweeping tariffs, invalidating duties that had reached 145% on certain Chinese imports. The decision dismantles a cornerstone of...
Nexstar Media Group spent $3.2 million lobbying the FCC in 2025, while Sinclair Broadcast Group increased its spend to $800,000, aiming to eliminate the television‑ownership caps that restrict reach to 39 % of U.S. TV homes. The lobbying surge coincides with massive...
Democratic senators sent two letters to Fed Vice Chair Michelle Bowman questioning recent supervisory changes, including a 30% staff cut in the Fed's supervision arm and the removal of bank examiners at banks' request. They also demanded answers on her...
The U.S. Supreme Court issued a 6‑3 decision rejecting President Donald Trump’s authority to impose sweeping tariffs, a move hailed by rating agency AM Best as a relief for the insurance sector. The court’s ruling eliminates the tariff‑related uncertainty that has...
In 2018 Mickey Barreto checked into the Wyndham New Yorker Hotel for a single night and invoked New York’s rent‑stabilization law to claim permanent‑tenant status. He filed a fraudulent deed that transferred the entire hotel to his self‑named nonprofit, then...
The U.S. Supreme Court issued a 6‑3 decision striking down President Donald Trump’s global tariffs imposed under the International Emergency Economic Powers Act, finding the administration exceeded its authority. The ruling blocks the baseline 10% "Liberation Day" tariff and related...
HIPAA guarantees patients a right to their own medical records. In practice, most health systems require patients to fill out a release-of-information form designed for a different legal purpose; justify why they want their own data; and wait. I sampled...
A UK class‑action lawsuit led by digital‑safety advocate Vicki Shotbolt accuses Valve of breaching competition law by imposing a 30% revenue‑share fee and a price‑parity rule on Steam. The claim seeks up to £656 million in damages for consumers, arguing that...
Encompass Health and Enhabit secured a $43.1 million award covering attorneys’ fees and mitigation damages after a Delaware federal judge ruled that 43% of VitalCaring’s profits and any future sale proceeds must be placed in a trust for the two companies....
Producer Alfr3d Beats, real name Dick Alfredo Caballero Rodriguez, withdrew his lawsuit accusing Karol G of stealing his beat for the 2022 hit “Gatúbela.” During discovery, DJ Maff supplied session files proving the beat was created months before Alfr3d Beats posted his...
The semiconductor industry is moving from planar MOSFETs to 3D structures such as FinFETs and GAA transistors, reshaping how patents are drafted and enforced. These architectural shifts create new layers of patent risk, especially around enablement, claim construction, and apportionment....
The U.S. Supreme Court ruled 6‑3 that the International Emergency Economic Powers Act does not authorize the president to impose broad tariffs, overturning Trump’s IEEPA tariff regime. The decision opens a path for importers to seek refunds, but claims must...
The Supreme Court, in a 6‑3 ruling, invalidated the sweeping tariffs imposed by former President Donald Trump, finding that the International Emergency Economic Powers Act (IEEPA) does not grant the president authority to levy tariffs. The justices applied the major...
Jordan’s Central Bank issued a directive on Feb 16, 2026 that the Sanad mobile app’s digital identity credential is now legally equivalent to physical ID documents for banking transactions. The mandate applies to every bank in the kingdom, obligating them to accept...
The U.S. Supreme Court ruled 6‑3 that the president lacks authority to impose broad tariffs without congressional approval, striking down the 10% baseline tariffs Trump enacted under the International Emergency Economic Powers Act. The decision leaves intact steel and aluminum...
The UK Supreme Court ruled on Feb. 13 that trans individuals may use bathrooms matching their gender identity in public venues but not in the workplace. Employers must therefore maintain mixed‑sex facilities while still offering single‑sex rooms, and the decision...
The U.S. Supreme Court issued a 6‑3 ruling that President Trump exceeded his authority under the International Emergency Economic Powers Act, invalidating most of the administration’s reciprocal tariffs. The decision overturns the 34% tariff on China and the 10% baseline...
Florida lawmakers have passed legislation to rename Palm Beach International Airport after former President Donald Trump, clearing the Senate 25‑11 and the House 81‑30. The bill now awaits Governor Ron DeSantis' signature and subsequent FAA approval before becoming effective in...
Update on US tariffs: The Supreme Court has ruled 6-3 against components of the administration's tariff policy. The ball is now in the administration’s court—specifically the willingness and ability to impose tariffs under alternative legal authorities. #economy #tariffs #markets
The @nytimes #SCOTUS tariff decision blog is a thing to behold. Reporting and graphics from around the world --including, of course, Canada. Head over there for your live updates: https://t.co/fO09GrdVlu
The European Securities and Markets Authority (ESMA) has released a supervisory briefing outlining how counterparties must meet the active‑account requirement (AAR) representativeness obligation. The document details the identification of relevant derivative sub‑categories, reporting procedures, and provides a compliance example. ESMA...
Your vendors added AI features since their last security review. That means the risk profile you approved is already outdated. @markowitzadam (@DrataHQ , $100M+ ARR) on why AI is creating an entirely new compliance crisis most companies aren't ready for. https://t.co/WzM8x2xm2s
Netflix says Paramount Skydance’s prospective Warner Bros. Discovery takeover has *not* received DOJ approval. “Paramount Skydance continues to mislead stockholders and distract from the facts,” Netflix chief legal officer David Hyman said in a statement https://t.co/NiKkflro8J
The European Securities and Markets Authority (ESMA) issued a statement to facilitate the rollout of the EU Listing Act, offering practical guidance on the revised prospectus framework. It confirms that registration documents approved or filed up to 4 June 2026 remain valid...
1/ We have the #tariffs opinion from #SCOTUS. Bottom line: a 6-3 loss for the administration. LINK to opinion: https://t.co/ITOB5aymTt
I was quoted in yesterday's edition of @dealbook, re: billable-hour rates north of $3,000: “At a certain point, for some firms, it’s a publicity stunt.” https://t.co/G6QQeNnJeB
The Supreme Court will hear *Pung v. Isabella County*, challenging the constitutionality of tax foreclosure sales. Michael Pung contends that the county’s auction sold his nephew’s property for $76,000, far below its $200,000 fair‑market value, violating the Fifth Amendment takings...
The Upper Tribunal upheld the FCA's bans on Stephen Joseph Burdett and James Paul Goodchild, senior advisers at Synergy Wealth and Westbury Private Clients, for recklessly exposing pension holders to unsuitable, high‑risk investments. The pair were fined £265,071 and £47,600...
California bill would restrict 3D printer sales to state-approved models to prevent printing gun parts — joins Washington and NY on legal offensive https://t.co/Zd7PlM6jB2
The FAA is finalizing Part 108, a performance‑based rule that will govern beyond‑visual‑line‑of‑sight (BVLOS) drone operations. Unlike Part 107’s waiver‑heavy approach, Part 108 offers a scalable certification model focused on safety outcomes such as detect‑and‑avoid, airworthiness, and uncrewed traffic management. Because the United...
The latest "From Lawyer to Employer" podcast episode tackles arbitration clauses in employment contracts, featuring host and Emily McDonough Souza. It outlines arbitration’s speed, privacy, and legal focus while warning against treating it as a default solution. The discussion highlights...
The article argues that in‑house counsel must step out of the legal ivory tower and acquire direct sales experience to truly understand how revenue is generated. By taking a sales quota and selling themselves, lawyers gain empathy for the sales...
A British Columbia privacy commissioner report revealed 36 healthcare workers accessed patient records in 71 separate incidents, highlighting a broader issue of employee snooping. Privacy lawyer Lyndsay Wasser says such unauthorized access is common across sectors, not limited to high‑profile...
The Canadian Investment Regulatory Organization (CIRO) imposed a permanent Ultimate Designated Person (UDP) ban on Peter Michael Deeb, a Toronto dealer executive, after leveraged ETF trading and capital reporting failures caused a US$1.419 million realized loss. Deeb faces a $500,000 fine,...
VoxSmart CEO Oliver Blower argues that compliance failures stem more from entrenched cultural norms than from a lack of surveillance technology. He proposes reframing communications monitoring as a product discipline that emphasizes explainable AI, fairness, and shared accountability rather than...
A New York federal judge ruled that generative‑AI documents created by a non‑lawyer and shared with counsel are not protected by attorney‑client privilege, marking the first federal decision on this issue. The case involved former board chair Bradley Heppner, who...
The European Commission is repositioning itself as a “Geopolitical Commission,” aiming to reclaim control over technology regulation. The strategy, outlined in Benjamin Farrand’s book *Geopolitical Union*, targets standards, micro‑chip access, online platform oversight, industrial data, and artificial intelligence. By blending...
UPDATE: 🇺🇸 Coinbase CLO Paul Grewal said progress was made at the Feb. 19 White House meeting, calling the talks constructive and cooperative, with more updates to come.
Modular construction is set to surpass $200 billion globally by 2030, reshaping industrial building practices with faster schedules and reduced waste. While residential projects have already embraced the method, large‑scale industrial applications such as airport terminals are exposing new liability, logistics,...
The EU Digital Services Act (DSA) imposes a special regulatory regime on very large online platforms (VLOPs) and very large online search engines (VLOSEs), mandating risk assessments, independent audits, data‑transparency and fines up to 6% of worldwide turnover. The European...
The American Trucking Associations (ATA) has asked the EPA to soften key provisions of the 2027 nitrogen‑oxide (NOx) emissions rule for heavy‑duty trucks, arguing that the required technologies are not yet proven in real‑world use. ATA’s letter cites ongoing freight...
Elon Musk's X has filed a legal challenge against a €120 million fine imposed by the European Commission under the Digital Services Act. The penalty, issued in December, alleges breaches of transparency obligations and deceptive design of the platform’s blue verification...
Negotiations between banks and crypto leaders advanced during the White House’s third closed‑door meeting, but the core dispute over stablecoin yields remains unresolved. Industry representatives described the dialogue as constructive, emphasizing a need for consumer protection and U.S. competitiveness. The...
The First Circuit upheld nearly $43 million in disgorgement awards against five defendants in a penny‑stock pump‑and‑dump scheme. The court found internal records clearly demonstrated each participant’s share of the illicit profits. The case is being sent back to the District...
Changpeng Zhao, the founder of Binance, received a full presidential pardon and made his first U.S. visit since his 2024 release from a California federal prison. He attended a 500‑person crypto conference hosted by Trump‑backed World Liberty Financial at Mar‑a‑Lago,...
Microsoft removed a November‑2024 blog that urged developers to train generative AI using a Kaggle dataset of all seven Harry Potter books, which was mistakenly labeled public domain. The post, written by senior product manager Pooja Kamath, showcased Azure SQL DB,...
Nine jurors were selected from a pool of 93 to hear the securities class action against Elon Musk over his 2022 Twitter acquisition, which investors claim violated securities law by causing the stock price to plunge. The trial, overseen by...
Federal judges delivered two significant rulings affecting restaurants. In Illinois, a judge held Visa, Mastercard and banks not preempted, allowing states to pursue swipe‑fee reforms. In Oregon, a judge found the state's extended producer responsibility law likely unconstitutional, halting the...
The UK Ministry of Defence (MOD) has launched an open call for evidence to review the regulatory framework governing uncrewed and autonomous systems. This initiative aligns with the Prime Minister’s Regulation Action Plan, which aims to cut administrative costs of...
