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July 31, 2024 | New York Law Journal

UBS Sues Bank of America for $200 Million Over Indemnification Breach

The complaint, filed in Manhattan state court on Wednesday, alleges Countrywide Financial – which was purchased by Bank of America in 2008 – agreed to cover legal costs stemming from residential mortgage-backed securities that were backed by Countrywide's mortgage loans.
2 minute read
July 31, 2024 | The Recorder

'A Big Black Box'?: What to Expect Now That the DGCL Has Been Amended

The latest batch of changes—which take effect on Thursday—has seen less unanimous support from the corporate bar than the amendment process usually does.
4 minute read
July 31, 2024 | Texas Lawyer

Investors Sue CrowdStrike in Class Action Suit

The lawsuit was filed by the Plymouth County Retirement Association, which is represented by New York-based Labaton Keller Sucharow.
2 minute read
July 31, 2024 | The Recorder

Federal Ruling 'Sets Precedent' for 'Trap and Trace' Software Class Actions in Calif.

"It's the first case effectively saying that software on a website can violate the Trap and Trace Law," said Robert Tauler, an attorney at Los Angeles firm Tauler Smith, who is representing the plaintiff.
3 minute read
July 31, 2024 | Connecticut Law Tribune

Venue Fight: CooperSurgical Plaintiffs Push for Multidistrict Litigation

"[The defendant's] argument is the standard defense playbook of divide and conquer," attorney Tiseme Zegeye said. "They recognize the plaintiffs are stronger together, and that their clients may benefit from trying to litigate in various jurisdictions."
3 minute read
Law Journal Press | Digital Book New Jersey Employment Law 2025 Authors: Rosemary Alito View this Book

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July 30, 2024 | The Recorder

Orrick Wins Reversal of $2B Verdict in Trade Secrets Case in Virginia Appeals Court

Software company Appian accused rival Pegasystems of stealing trade secrets to improve its own business-services products. Tuesday's decision overturns what had been the largest award in Virginia history.
5 minute read
July 30, 2024 | The Recorder

California Law Firms Staffing Up Intellectual Property Ranks to Meet Growing Demand

California is a hotbed of IP activity given its vast amount of tech firms.
5 minute read
July 30, 2024 | The American Lawyer

'Risk in AI': Law Firm Billing Will Need to Adapt

A new ABA ethics opinion touches on the ethics of billing for AI-supported work. The technology may force law firms to rely less on hourly billing.
6 minute read
July 30, 2024 | Corporate Counsel

CrowdStrike Glitch Highlights Risk of Single Point of Failure in Cybersecurity

Competition regulators took notice when a faulty software update from CrowdStrike, a major player in the cybersecurity industry, took down Windows systems all over the world. FTC Chair Lina Khan called it another example of "how concentration can create fragile systems."
7 minute read
July 30, 2024 | Daily Business Review

Settlement Dilemma in Data Breach Actions: Risk, Strategy, and Legal Insights

Companies are constantly under attack from hackers, as data breaches have become not a matter of if, but when a company will face them.
5 minute read

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