Capital One-Discover Deal Hits Roadblock in Bank Merger Overhaul
New federal guidelines calling for stricter reviews of bank deals are likely to present fresh hurdles for Capital One Financial Corp.'s pending $35 billion acquisition of Discover Financial Services.. The tie-up, announced in February, would create the sixth-largest bank by assets and the largest credit card issuer in the US based on outstanding loans.
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Musk $56 Billion Pay Case Final Ruling Expected by End of Year
Nov 1, 2024 · A final ruling in the landmark litigation challenging Elon Musk’s $56 billion pay package, which a judge voided in January, will come by the end of the year, according to a filing by the judge.. Delaware Chancellor Kathaleen St. J. McCormick acknowledged in a letter to both sides late Thursday that a decision on the case’s remaining issues …
Covid-19 Vaccine Injury Program Hit With Federal Lawsuit
Oct 12, 2023 · Individuals who say they were injured by Covid-19 vaccines are suing the Biden administration over a payout process that shields drug companies from lawsuits, saying it’s unconstitutional and deprives them of their right to a jury trial.
Duane Morris Partner Clash Escalates in Non-Equity Status Suit
The bad blood between Duane Morris and a partner suing the law firm is getting worse as they fight over which court should hear the case. The firm has perpetrated a “massive tax fraud” by classifying some of its lawyers as “non-equity partners,” Meagan Garland said again in late Friday court filing.. Garland is suing Duane Morris, alleging the firm intentionally misclassified her and ...
Beneficial Owner CTA Reporting Shouldn't Be Put Off Any Longer
Nov 6, 2024 · Katten’s Jonathan Byer and Emily Tuten examine challenges of Corporate Transparency Act reporting obligations, saying businesses can’t afford to hold out for possible relief or comprehensive guidance.
Texas Judge Tosses Biden Overtime Expansion for Millions (2)
Nov 15, 2024 · A Texas federal judge has struck down a US Department of Labor rule that would have expanded overtime eligibility to four million new workers, kneecapping one of the Biden administration’s most substantial labor policies.
Big Law Hedges Associate Bonuses to Protect Partner Profits
Nov 21, 2024 · By many accounts, the country’s leading law firms are doing very well this year. The 50 largest firms saw revenue rise by nearly 15% and net income jump by 25% through September, according a survey by Wells Fargo’s Legal Specialty Group.
Angry Judge Questions Transparency of Onion Bid for Infowars
Nov 14, 2024 · A frustrated bankruptcy judge said he has concerns over the process in which satirical news site The Onion won an auction for right-wing provocateur Alex Jones’ Infowars website.
UnitedHealth Faces Antitrust Probe by US Justice Department (2)
Feb 28, 2024 · The US Department of Justice has initiated an antitrust investigation into UnitedHealth Group Inc., people familiar with the matter said Tuesday.. The probe opens a new layer of scrutiny on the largest US health insurer that operates in pharmacy benefits, medical care, technology and other services.