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January 22, 2025 | New York Law Journal

'Astronomical' Interest Rates: $1B Settlement to Resolve Allegations of 'Predatory' Lending Cancels $534M in Small-Business Debts

Through a $1 billion settlement announced by New York Attorney General Letitia James, Yellowstone Capital agreed to wipe out more than $534 million in debt of its small-business clients. It resolves the attorney general's lawsuit alleging Yellowstone ran a large, predatory lending scheme. The settlement canceled debt of more than 1,100 small businesses in New York, and more than 18,000 nationwide.
3 minute read
January 22, 2025 | National Law Journal

Senator Plans to Reintroduce Bill to Split 9th Circuit

Proponents have long argued that the circuit covers too much territory and too many people and its docket is unmanageable; critics say the current system isn’t broken and motivations for the split are merely political.
5 minute read
January 22, 2025 | Texas Lawyer

Law Firms Converge to Defend HIPAA Regulation

Anticipating an about-face by a Trump-run Justice Department, a coalition of Texas, New York and D.C. law firms are converging in Texas courts to defend HIPAA law regarding the privacy of medical records, particularly those of pregnant women.
3 minute read
January 22, 2025 | New York Law Journal

Judge Denies Retrial Bid by Ex-U.S. Sen. Menendez Over Evidentiary Error

Defense counsel argued the guilty verdict against their client must be tossed after it was discovered that jurors were presented with improperly redacted evidence during deliberations.
3 minute read
January 22, 2025 | New York Law Journal

Lawyers: Meet Your New Partner

The authors write "The transformative potential of agentic AI lies in its ability to handle complex workflows, akin to a human employee, enabling automation of tasks traditionally performed by junior lawyers. This could reshape legal practice by enhancing efficiency, reducing costs, and requiring lawyers to adapt their skills to collaborate with such systems."
13 minute read
January 22, 2025 | The Recorder

What Will It Mean in California if New Federal Anti-SLAPP Legislation Passes?

The FSPA’s potential passage raises important questions about how it would interact with existing state-level anti-SLAPP laws, particularly California’s, which is one of the country’s most protective anti-SLAPP laws.
9 minute read
January 22, 2025 | New Jersey Law Journal

Longtime AOC Director Glenn Grant to Step Down, Assignment Judge to Take Over

"He can retire knowing that our courts and our justice system will benefit from his accomplishments for decades to come," Chief Justice Stuart Rabner said.
4 minute read
January 22, 2025 | Delaware Business Court Insider

Elon Musk’s Tesla Pay Case Stokes Chatter Between Lawyers and Clients

Musk continues to fight the Delaware Court of Chancery’s decision to overturn his compensation plan at Tesla, appealing two decisions from the court to the Delaware Supreme Court last week. Since December, there’s been growing concern among investors about how the Delaware courts weigh issues around shareholder democracy.
7 minute read
January 22, 2025 | Legaltech News

Courts Demonstrate Growing Willingness to Sanction Courtroom Misuse of AI

As litigants increasingly adopt generative artificial (gen AI) tools, courts have responded by issuing standing orders, local rules, and opinions addressing how AI and gen AI may be used in the courtroom. Notably, two recent opinions demonstrate courts’ growing willingness to use existing rules to impose sanctions on parties who misuse gen AI—even when those rules do not mention AI.
4 minute read
January 22, 2025 | Legaltech News

The New Rules of AI: Part 1—Managing Risk

The primary burden of managing AI’s risks often falls on corporate officers tasked with designing, implementing, and supervising internal AI governance programs for their organizations.
7 minute read

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