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Crypto Executive Misled Investors on Digital Currency, SEC Says
The SEC sued a cryptocurrency executive and his companies, alleging they raised about $16 million from hundreds of investors by making false claims about an insured, asset-backed digital currency called Bitcoin Latinum.
Republicans Unveil Climate Liability Shield Bill for Oil, Gas
Republican lawmakers introduced legislation in the House and Senate this week that would shield fossil fuel companies from liability lawsuits and target climate superfund policies gaining steam in states.
Court Kills ‘Judge Judy’ Defamation Suit Over Tabloid Articles
The star of “Judge Judy” failed to convince a federal court that the companies who own and operate the National Enquirer and In Touch Weekly should be held liable for articles accusing her of appearing in a true-crime docuseries about Lyle and Erik Menendez—“the notorious brothers convicted of murdering their parents.”
Cursor In Talks to Raise $2 Billion at Over $50 Billion Value
Cursor, a leading artificial intelligence startup for coding, is in advanced talks with investors to raise about $2 billion in a funding round at a valuation of more than $50 billion, not including the investment, according to a person familiar with the matter.
EPA Snips Paperwork Requirement Out of Air Permit Renewals
The EPA on Friday tweaked its rules to make it easier for major air pollution sources to renew their operating permits.
US Rejects CenterPoint’s Bid to Close Indiana Coal Plant
The Trump administration rejected a request from
NBC Argues ‘Ordinary Person’ Test in Video Privacy Oral Argument
A consumer struggled to convince a federal appeals court Friday that her suit against
Rocket Lab Defeats Investor Lawsuit Over Delayed Neutron Launch
Merrill Lynch Deferred Pay Plan Falls Outside ERISA, Judges Say
Merrill Lynch’s deferred incentive compensation program for financial advisers isn’t governed by ERISA, the Fourth Circuit said Friday in a win for the
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ESG Explained: Socially Conscious Capitalism and Its Backlash
Republican state leaders have been pulling billions out of pension funds managed by investment firms like Black Rock. Why? Something called ESG. In this video, we explain what ESG is, why it’s become such a hot topic and what regulation — and litigation — we can expect in the near future.
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Justice Department Shakes Up Probe Into Alleged Trump Conspiracy
The Justice Department is shaking up the team probing former CIA Director
K&L Gates Goes on the Offensive in the Legal Talent Wars
When it comes to winning the legal industry talent wars, the best defense is a good offense, according to K&L Gates’ global managing partner, Stacy Ackermann. She spoke to Bloomberg Law editor Chris Opfer on our podcast, On The Merits, about how competitive the market for legal talent has gotten, even in secondary markets like her hometown of Charlotte, N.C.
The Supreme Court Could Defang the SEC’s Most Powerful Remedy
The Supreme Court could soon resolve a circuit split on a question that goes to the foundation of the SEC’s remedial authority: Must the SEC show that a target’s conduct caused pecuniary harm to investors for a disgorgement remedy?
Chevron Prevails in US Supreme Court Wetlands Venue Fight (3)
The US Supreme Court sided with Chevron Corp. in a protracted fight over the proper venue for a lawsuit seeking to hold the oil and gas giant liable for the rapid erosion of Louisiana’s coastal wetlands.
Wake Up Call: Cornell Law School Group Hosts Disbarred Eastman
Welcome to Bloomberg Law’s Wake Up Call, a daily rundown of the top news for lawyers, law firms, and in-house counsel.
AI-Focused Accounting Is Hindered by State CPA Licensing Laws
Reforming state CPA licensure requirements would give accounting firms more ways to recruit talent in the age of artificial intelligence.
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