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.
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By the numbers: Oil majors acquire $164M of Alaska oil leases
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, where Secret Service agents were present. Binance remains barred from operating in the United States after a 2023 AML enforcement action. Zhao posted on X that he “learned a lot” after hearing a top federal crypto regulator speak.
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...
The European Commission released its inaugural Annual Interoperability Report, reviewing the first year of the Interoperable Europe Act that took effect in April 2024. The document highlights the creation of the Interoperable Europe Board, Community, and an enhanced portal that...
The Department of Communications and Digital Technologies commissioned an investigation into ZADNA’s credit‑card spending, uncovering over R1 million in expenses for travel, entertainment and luxury vehicle rentals during the 2024/25 fiscal year. The report identified policy gaps, weak oversight and excessive...
Poland’s competition regulator UOKiK has opened proceedings against HBO Europe, accusing the streaming service of unilaterally altering its list of compatible devices and failing to adequately inform subscribers. The changes left many users unable to access HBO Max on previously...
The episode examines the legal vacuum surrounding AI‑assisted clinical decision‑making, highlighting that while the FDA has cleared over 1,300 AI medical devices, adoption remains low and physicians bear virtually all malpractice liability. Data shows a rapid rise in AI use...
The European Commission’s Digital Networks Act proposes spectrum licences of up to 40 years, or even indefinite duration, a sharp increase from the current 15‑25‑year norm. Mobile operators back the change, arguing it offers long‑term certainty for investment. Critics contend...
Edward is assisting his wife with her brother’s estate in New Brunswick after the brother never filed paperwork to claim his late mother’s life‑insurance proceeds and stock accounts. The brother died intestate, leaving no will or appointed executor, which triggers...
In this episode Matt and Nic dissect a week of crypto headlines, from Neel Kashkari’s harsh critique of stablecoins and Base’s split from Optimism to Ethereum’s identity crisis and a $75 million shortfall at Blockfills. They discuss regulatory moves such as...
Bulgaria’s Supreme Administrative Court has upheld the competition authority’s view that United Group’s purchase of Bulsatcom’s telecom infrastructure does not constitute a notifiable concentration under Bulgarian law. The decision dismisses appeals from A1 Bulgaria, Yettel Bulgaria and CETIN Bulgaria, confirming...
RemoFirst announced that its RemoVisa service now supports visa and work‑permit applications in more than 110 countries, spanning Europe, Asia, the Americas, Africa and Oceania. The offering is built into RemoFirst’s Employer of Record (EOR) platform, letting companies manage immigration,...
South Korean lawmakers have intensified criticism of the Financial Services Commission after Bithumb mistakenly credited users with 620,000 Bitcoin—far exceeding the intended 2,000 Korean won per user—during a Feb. 6 promotion. The error triggered a brief sell‑off and forced Bithumb to...
Israel’s National Cyber Directorate disclosed that roughly two petabytes—equivalent to 100 National Library of Israel archives—have been exfiltrated from citizens and institutions over recent years. The breach scale eclipses prior megabyte‑ and terabyte‑level incidents, marking an unprecedented data loss. Concurrently,...
The Swiss Arbitration Association User Council issued a whitepaper titled “Taming the Beast” urging tighter limits on document production in international arbitration. It recommends redefining relevance and materiality under the IBA Rules and proposes contractual, tribunal and institutional measures to...
A junior solicitor near two years post‑qualification is weighing a move from a Magic Circle firm to a US‑based firm’s London office. Contributors note that US firms typically offer higher base salaries and larger bonuses, but cultural fit varies widely....
The Solicitors Regulation Authority (SRA) issued a public warning after a LinkedIn profile falsely claimed to be the chief executive of Herbert Smith Freehills Kramer. The impersonator, using the name Awais Mahar, listed himself as CEO and offered legal services...
The Retail and Fast Food Workers Union (RAFFWU) has sued the operators of Berkelouw Books and the Harry Hartog chain, alleging a 13‑year‑old enterprise agreement that denies basic wage loading and penalty rates. Over 100 employees across four Berkelouw and fourteen...
Meta Platforms is under a COMESA investigation for altering WhatsApp Business API terms that favor its own AI tools, raising competition concerns across 21 African markets. In Nigeria, fintech Risevest secured a Securities and Exchange Commission fund‑manager licence after restructuring,...
California Governor Gavin Newsom announced his support for state legislation that would bar users under 16 from accessing major social‑media platforms, echoing Australia’s recent age‑gating rule. The governor’s stance comes as a bipartisan group of lawmakers pushes a bill that...
A federal appeals court ruled that a State Farm adjuster’s statement could not create coverage for a sewage‑backup loss that the homeowners’ policy expressly excluded. The Coopers’ Mississippi home suffered a backup in 2022, and although an initial adjuster said...
The early 2026 Am Law 200 financials reveal mixed signals for Big Law. While several firms posted double‑digit revenue and profit growth, Baker McKenzie’s recent staff cuts have sparked speculation that AI is being used as a pretext for broader cost‑reduction measures. Recruiting experts...
The Ninth Circuit in Const. Laborers Pension Trust v. Funko held that forward‑looking risk disclosures can lose the PSLRA safe‑harbor when they are framed as present‑state misrepresentations. The panel reasoned that an alleged omission about current inventory failures turns the...
Two former Google engineers and a spouse were indicted for allegedly stealing trade secrets related to Google’s Tensor processor and other hardware designs, then transferring the data to Iran. The defendants used personal devices, messaging channels, and manual photographs to...
Houlihan Lokey data shows Delaware’s share of IPO incorporations dropped from over 80% (2022‑2024) to just under 62% in 2025, while Nevada rose to nearly 17% and Texas to about 4%. The shift reflects a modest migration of companies to alternative...
The Fair Work Commission’s full bench refused to overturn an unfair dismissal finding against a University of Melbourne professor, despite evidence of inappropriate conduct with a student. The professor was terminated in December 2024 for alleged “wilful and deliberate contraventions”...
The SEC’s enforcement approach has softened since the 2025 administration change, with corporate penalties falling roughly 30 percent and a greater emphasis on cooperation and remediation. At the same time, the Supreme Court’s pending decision on whether the agency must...
Universal license recognition (ULR) lets professionals keep their state licenses when they move, eliminating redundant testing and paperwork. The article argues that the same competence‑based model should be extended to foreign‑trained workers, whose credentials are often stalled by rigid “substantial...
Indonesia revoked 28 forestry, plantation and mining permits after Cyclone Senyar caused floods and landslides that killed roughly 1,200 people. An NGO audit revealed that many of the listed concessions had already expired, been cancelled years earlier, or lay outside the...
The UK Data (Use and Access) Act 2025 (DUAA) entered its main reform phase on 5 February 2026, introducing new lawful bases, automated‑decision rules and expanded ICO enforcement powers. A critical deadline arrives on 19 June 2026, when Section 103 obliges every organisation to have...
Texas Attorney General Ken Paxton filed a lawsuit against Anzu Robotics, alleging the company sells rebranded DJI drones while concealing their Chinese origin and data‑security risks. The complaint claims Anzu acts as a passthrough to bypass federal and state bans...
A NSW Personal Injury Commission member ruled that a security guard’s bipolar disorder, worsened by ongoing workplace stress and perceived personal attacks, qualifies for workers' compensation. The employer’s defense—that the employee’s condition stemmed from prior drug use and a non‑work‑related...
The Conveyancing Association’s 25th‑anniversary conference highlighted a rapid digital transformation in conveyancing, with industry leaders predicting acceleration through 2026. Speakers noted that digital tools now exist to improve transparency and transaction speed, but their impact hinges on coordinated action across...
The U.S. Department of Health and Human Services Office for Civil Rights settled with Top of the World Ranch Treatment Center after a phishing attack exposed ePHI for 1,980 patients. OCR fined the provider $103,000 and imposed a two‑year corrective...
Texas Attorney General Ken Paxton filed a lawsuit alleging Sanofi paid kickbacks to physicians by offering free nursing staff and insurance‑support services. The alleged scheme was designed to steer prescriptions toward Sanofi’s drugs for chronic conditions such as diabetes, multiple...
Los Angeles County filed a lawsuit against Roblox, accusing the platform of insufficient moderation and ineffective age‑verification that expose children to sexual content and predators. The complaint cites false‑advertising claims, alleging Roblox markets itself as safe while its design allegedly...
Law firms rely on WordPress sites for client intake, branding, and confidential communications, making website continuity critical. The article outlines a practical backup strategy, recommending daily off‑site backups using plugins such as UpdraftPlus, BackupBuddy or BlogVault, and storing copies in...
ICMA responded to the FCA’s CP25/32 consultation on improving the UK transaction‑reporting regime, focusing on MiFIR cash‑bond reporting and the SFTR repo reporting framework. The feedback was produced by two dedicated ICMA working groups—a newly formed MiFIR Transaction Reporting Taskforce...
Paramount Skydance (PSKY) has satisfied the DOJ’s second request, causing the 10‑day Hart‑Scott‑Rodino waiting period to expire. The filing notes that no statutory barrier remains to close a potential acquisition of Warner Bros. Discovery (WBD), but a definitive merger agreement...
FCC Chairman Brendan Carr launched the voluntary “Pledge America” campaign, urging broadcasters to air patriotic, pro‑America programming in honor of the United States’ 250th anniversary. He frames the pledge as a way to address declining civics education and fulfill public‑interest...
Non‑domiciled commercial driver’s licenses (CDLs) for thousands of immigrant truckers are slated to expire on March 6, prompting advocacy groups to urge California, Pennsylvania and other states to defy the U.S. Department of Transportation (DOT). DOT has warned that non‑compliance could...
LATEST: Ripple CLO Stuart Alderoty joined today’s White House stablecoin yield meeting, saying work will continue on the CLARITY Act to get it right and make the US the crypto capital of the world. https://t.co/BIFNUWh8la
M&T Bank’s Wilmington Trust subsidiary is defending a New York lawsuit alleging it failed to fulfill custodial duties for several Tricolor‑related trusts. Plaintiffs claim the bank breached contracts and fiduciary obligations, seeking unspecified damages, interest and fees. M&T reports that...
The author filed FCC comments urging the agency to drop Title II regulation for voice services and reclassify them as Title I information services. He argues that traditional copper‑based POTS is obsolete and that today’s voice is delivered by a myriad of...
Big. A major new law & tech paper takes on the economics of behavioral advertising - the kind that tracks users across multiple businesses and contexts, not just on sites they choose to visit. It challenges industry’s favorite claim: that tracking...
A federal judge refused to dismiss the DOJ’s antitrust suit against Live Nation and granted summary judgment on the core claim that its promotion and booking activities constitute a monopoly, meaning the facts overwhelmingly favor Live Nation. The case now...
Earlier in 2026 the U.S. Department of Labor released two opinion letters interpreting key Fair Labor Standards Act provisions. The first letter clarified that employers may lawfully reclassify a worker who meets the learned professional exemption as nonexempt, provided overtime...
In this episode, senior reporter Katya Kazekina unpacks the newly released DOJ files that reveal how Jeffrey Epstein facilitated sophisticated financial maneuvers for ultra‑wealthy art collectors, especially billionaire Leon Black. The documents expose the massive scale of Black’s art holdings—valued...
