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'The Lord Told Us To:' Colorado Pastor Accused of Defrauding Millions in Cryptocurrency Scheme

Wed, 2024-01-24 16:49

"Out of the $1.3 [million], half a million dollars went to the IRS, and a few hundred thousand dollars went to a home remodel the Lord told us to do," defendant Eligio (Eli) Regalado, a paster at Victorious Grace Church, said in a video.

       

Why Lawyers Will Survive the Onset of Generative AI—and How They'll Affect Who Won't

Wed, 2024-01-24 16:00

If user inputs are used to train models such as ChatGPT, can lawyers input their clients confidential information when generating motions, briefs or patent applications? How does scraped data used to train AI co-exist with the right to be forgotten? And when it comes to filing patents and copyrights for works produced by AI, who owns it?

       

SEC Adopts Stringent Disclosure Rules on Special Purpose Acquisition Companies

Wed, 2024-01-24 15:37

"Just because a company uses an alternative method to go public does not mean that its investors are any less deserving of time-tested investor protections," SEC Chair Gary Gensler said.

       

Where Are Big Law Billing Rates Growing the Fastest?

Wed, 2024-01-24 14:52

Some lawyers have seen a rate increase above 20%. Overall, lawyers in financial services and health care, and in markets such as Dallas and Houston, all saw notable rate hikes.

       

Ahead of the Curve: ABA Posts 2 Memos for Notice and Comment in the Past Week

Wed, 2024-01-24 14:06

It seems a bit rushed to fit in the notice and comment period regarding JD-Next ending only days ahead of the February meeting. Will it follow the pattern of what happened with the GRE in 2021? Time will tell.

       

How I Made Office Managing Partner: Don't Sacrifice Professional Growth Opportunities for Billable Hours, Says Jeremy Glenn of Cozen O'Connor

Wed, 2024-01-24 13:21

"The work is very important, of course, but so is meaningful participation in networking and social events, working on firm or bar association committees, and participating in pro bono workshops and opportunities. All these things have added joy to my career and, in my view, are valuable tools for career planning and navigating inside a law firm."

       

This 7th Circuit Appeal Could Be a Big Deal for the Future of Mass Arbitration

Wed, 2024-01-24 12:31

Electronics giant Samsung is challenging a lower court order that it pay more than $4 million in arbitration initiation fees.

       

Virginia Court Sides With Injured Worker, Ruling Temporary Total Disability Claim Was Timely Filed

Wed, 2024-01-24 09:51

"Applying the statute here, the Commission may review the wages the Department of Corrections paid to Walker following her ankle injury, and 'may make an award ending, diminishing or increasing [this] compensation previously awarded' because those wages are a statutory award of compensation," the court concluded, holding that the commission erred in finding Walker's claim for temporary total disability benefits was barred by the statute of limitations under Code Section 65.2-601.

       

Louisiana Appeals Court Reinstates Permits for $9.4B Formosa Chemical Plant Amid Concerns of Environmental Damage

Wed, 2024-01-24 09:12

"With respect to the constitutional public trust doctrine, on review, this Court should not reverse a substantive decision of DEQ on its merits unless it can be shown that the decision was arbitrary or that DEQ clearly gave insufficient weight to environmental protection in balancing the costs and benefits of the proposed action," Judge Jewel Welch wrote.

       

Class Action Claims Major Oil Producers Conspired With OPEC to Drive Up Prices

Wed, 2024-01-24 08:36

"Defendants agreed with OPEC to constrain production of crude oil worldwide, with the purpose and effect of fixing, raising, and maintaining the price of crude oil in and throughout the United States of America and worldwide," the complaint said. "Defendants are not sovereign nations, and they are not immune to U.S. antitrust law."

       

Lawyers Detest Law Firms' Overemphasis on Profitability: The Morning Minute

Wed, 2024-01-24 05:00

The news and analysis you need to start your day.

       

Amid 'Brutal Competition' and Demand in Patent Practices, Orrick Grows IP Group

Wed, 2024-01-24 04:00

Arnold & Porter, Crowell & Moring, McCarter & English, and Miles & Stockbridge also picked up D.C. partners in their key practices this past week.

       

5 Universities in Student Aid Antitrust Suit Agree to More Than $100M in Settlements

Tue, 2024-01-23 21:01

According to court papers, Yale University and Emory University have agreed to pay $18.5 million apiece, Brown University has agreed to pay $19.5 million, and Columbia University and Duke University both agreed to pay $24 million to settle claims they colluded to limit the amount of need-based financial aid provided to undergraduates.

       

BREAKING: Jury's Verdict In Oregon Wildfire Class Trial Could Total $85M

Tue, 2024-01-23 18:58

An Oregon jury awarded $62.3 million on Tuesday to victims of wildfires that ravaged the state in 2020. Based on a prior jury's findings, the award could balloon to about $85 million.

       

Three Senators and 25 States Ask SCOTUS to End 'Texas Two-Step' Bankruptcies

Tue, 2024-01-23 18:12

The amicus briefs, filed on Monday, support a petition from an claimants committee in the Bestwall LLC bankruptcy for the U.S. Supreme Court to reverse an injunction order blocking mesothelioma victims from pursing their asbestos lawsuits.

       

Which States Are Disqualifying Trump From 2024 Presidential Election Ballots?

Tue, 2024-01-23 17:00

Keep up with Law.com's coverage of the cases here.

       

Meet the Lawyers Facing Off Over Trump's Ballot Eligibility at the Supreme Court

Tue, 2024-01-23 15:27

Counsel on each side of "Trump v. Anderson" have clerked for current or former Supreme Court justices.

       

Gibson Dunn Partner Named First Black Dean of Drake Law

Tue, 2024-01-23 15:26

"A Drake Law education is unique due to its focus on theory and practical learning," Roscoe Jones said in a statement. "I am humbled to lead a community committed to an unwavering collegiality and a singular mission to prepare students to promote justice, service and ethics."

       

Inside a Bank's Outside Counsel Selection Process: A Chat With Legalweek Speaker Bindu Cudjoe

Tue, 2024-01-23 14:50

Selecting outside counsel panels is no easy task. For Laurentian Bank's Bindu Cudjoe that means choosing the right technology and balancing a host of criteria, from cost to DEI considerations.

       

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