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In a landmark decision, a Delaware judge has nullified Elon Musk’s colossal $56 billion pay package from Tesla, deeming it an “unfathomable sum” that unfairly disadvantaged shareholders. The ruling, which can be subject to appeal, marks the dismantling of the largest pay package in corporate America. Tesla’s board faced severe criticism for its perceived lack …

 Court Strikes Down Musk’s Staggering $56 Billion Tesla Compensation Deal Read More »

In a year marked by widespread salary hikes within prominent U.S. law firms, Milbank stands out as a trailblazer, revealing substantial double-digit increases in both revenue and profitability for 2023. The firm proudly announced a remarkable 17.8% surge in gross revenue, reaching an unprecedented $1.51 billion—a historic milestone in its financial trajectory. Average profits per …

Milbank’s Remarkable 2023 Surge: Profits Soar Past $5 Million, Revenues Exceed $1.5 Billion Read More »

In a legal onslaught against American Airlines, two disgruntled customers, Ari and Shanna Nachison, have initiated a proposed class action, alleging the wrongful deprivation of a staggering 1.1 million frequent flier miles. The airline is accused of abruptly terminating their AAdvantage accounts, pointing fingers at supposed fraudulent activities related to credit cards with co-branding ties …

 Unlawful Seizure: American Airlines Faces Class Action Over Confiscation of Customers’ Reward Miles Read More »

A recent move by the 5th U.S. Circuit Court of Appeals to introduce a groundbreaking rule regulating the use of artificial intelligence (AI) in legal proceedings is facing significant resistance from a cadre of attorneys. In a series of publicized letters, lawyers from prominent law firms argued vehemently against the proposed regulation, branding it as …

Legal Community Divided Over 5th Circuit’s AI Regulation Proposal Read More »

In the ongoing digital ad practices antitrust lawsuit brought by the state of Texas against Alphabet’s Google, a trial lawyer from the Jackson Walker law firm has been designated as a “special master” by U.S. District Judge Sean Jordan. David Moran, the appointed neutral party, will facilitate the resolution of evidence-related disputes in the Plano, …

Former Colleague Tapped as Mediator in Google Antitrust Battle Read More »

Amidst the trial of the National Rifle Association (NRA) in New York, Wayne LaPierre, the outgoing CEO, took the stand on Monday, passionately defending the gun rights group’s efforts to implement reforms. The trial, initiated by New York Attorney General Letitia James, accuses the NRA of financial misconduct and violating state laws governing nonprofits. LaPierre, …

National Rifle Association Faces Graft Trial as Former Chief LaPierre Defends Reforms Read More »

In a recent development, a legal representative for Donald Trump has raised concerns over a potential conflict of interest involving the judge presiding over E. Jean Carroll’s defamation trial. The lawyer, Alina Habba, contends that the judge’s alleged past association with Carroll’s lawyer, Roberta Kaplan, could cast a shadow on the $83.3 million awarded to …

Trump Lawyer Questions Judge’s Past Connection, Aims to Challenge $83 Million Carroll Verdict Read More »

Investors who utilize shareholder resolutions as a lever to influence companies on environmental and social fronts express unease over Exxon Mobil’s recent legal maneuver, which sidesteps U.S. regulatory oversight. The move has sparked apprehensions that the influence wielded by activist investors may be jeopardized. Amid the tenure of President Joe Biden’s appointees, the Securities and …

Exxon Mobil’s Bold Lawsuit Raises Concerns Among Activist Investors Read More »

In a courtroom drama, the attention-grabbing clash between Florida and the Biden administration’s border policy took center stage as a U.S. appeals court panel exhibited a rift on the state’s right to challenge the “catch and release” approach. During the oral arguments in Atlanta, two judges from the 11th U.S. Circuit Court of Appeals questioned …

Legal Dispute Unfolds Over Florida’s Opposition to Biden’s Border Release Policy Read More »

In a dramatic legal showdown at the Delaware federal court, genetic-testing powerhouse Natera emerged victorious on Friday, persuading a jury that its competitor, CareDx, had infringed upon one of its patents with their kidney-transplant rejection tests, AlloSure and AlloSeq. The courtroom, normally bustling with legal battles, stood silent as the jury reached the decision, determining …

Landmark Verdict: Natera Triumphs in Patent Battle Against CareDx’s Genetic Tests Read More »