Delaware's chancellor has nailed Elon Musk, Tesla Inc. and their counsel to assurances that the company won't flee state corporate law jurisdiction and a potentially massive stockholder attorney fee dispute by rushing votes on a struck-down, $56 billion compensation plan for Musk and proposed reincorporation in Texas.
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TOP NEWS

Chancery Pins Down Musk, Tesla On Pay Bid, Del. Jurisdiction

By Jeff Montgomery

Delaware's chancellor has nailed Elon Musk, Tesla Inc. and their counsel to assurances that the company won't flee state corporate law jurisdiction and a potentially massive stockholder attorney fee dispute by rushing votes on a struck-down, $56 billion compensation plan for Musk and proposed reincorporation in Texas.

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Chancery Sends Momentus De-SPAC Claims Toward Trial

By Jeff Montgomery

A Delaware vice chancellor refused to dismiss any counts Wednesday in a suit filed by investors in the special purpose acquisition company that took commercial space venture Momentus Inc. public in August 2021, with the court noting that the case will be judged on plaintiff friendly entire fairness standards.

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Fed. Circ. Backs Claim Invalidity In Express Mobile Web Patent

By Adam Lidgett

The Federal Circuit has backed a Patent Trial and Appeal Board decision that a single claim of an Express Mobile website generation patent was invalid as obvious based on earlier inventions.

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POLICY & REGULATION

PJM Watchdog Challenges FERC's Meeting Roadblock

By Jared Foretek

Monitoring Analytics, the independent market monitor for regional transmission organization PJM Interconnection, is asking the D.C. Circuit to review a Federal Energy Regulatory Commission order from March allowing PJM to keep the monitor out of its liaison committee meetings.

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COURT OF CHANCERY

Celadon Execs Seek Toss Of TA Dispatch Chancery Suit

By Leslie A. Pappas

Former executives of now-defunct Celadon Group Inc. who sold its business assets a few months before the transport and logistics company went bankrupt told Delaware's Court of Chancery on Wednesday that a lawsuit from the disgruntled Alabama buyer should be dismissed because it lacks specifics and rehashes already-settled claims.

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BANKRUPTCY

Bankrupt EV Charger Co. Execs Hid Liquidity Woes, Suit Says

By Emilie Ruscoe

Three current and former executives of bankrupt electric-vehicle charging infrastructure company Charge Enterprises Inc. face an investor's proposed class action claiming the executives concealed a liquidity crisis involving the company's founder and his investment advisory firm that allegedly precipitated Charge's bankruptcy.

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THIRD CIRCUIT

Split 3rd Circ. Affirms Court's Revision To $10M SEC Deal

By Katryna Perera

A split Third Circuit panel has affirmed a district court's decision to revise a nearly $10 million consent judgment between the U.S. Securities and Exchange Commission and a man it accused of misappropriating millions from a private equity fund after he was found in contempt of the judgment.

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EXPERT ANALYSIS

Opinion

Del. Needs To Urgently Pass Post-Moelis Corporate Law Bill

After the Delaware Chancery Court's decision in West Palm Beach Firefighters' Pension v. Moelis sparked confusion around governance rights, recently proposed amendments to the Delaware General Corporation Law would preserve the state's predictable corporate governance system, says Lawrence Hamermesh at Widener University Delaware Law School.

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Series

Playing Music Makes Me A Better Lawyer

My deep and passionate involvement in playing, writing and producing music equipped me with skills — like creativity, improvisation and problem-solving — that contribute to the success of my legal career, says attorney Kenneth Greene.

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LEGAL INDUSTRY

More Law Firms Are Relocating, Signing New Leases In 2024

By Dorothy Atkins

More law firms have relocated or renewed their office leases in the first quarter of 2024 than during the same period over the last four years, continuing a post-pandemic trend that began late last year as more firms made moves, according to a recent report by real-estate services company Savills.

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Greenberg Traurig Gets 30-Year Tax Break From Saudi Arabia

By Tracey Read

Greenberg Traurig LLP is among the first law firms to get licensed as a regional headquarters, or RHQ, company in Saudi Arabia, allowing the firm to take advantage of a major tax break, the firm announced Tuesday.

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From Virtual Roots, Husch Blackwell To Grow Nashville Office

By Aebra Coe

After hiring eight attorneys based in Nashville, Tennessee, through its fully remote Link office over the past year, Husch Blackwell announced plans Wednesday to open a brick-and-mortar location in the city, to be led by intellectual property partner Tim Capria.

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Alito Won't Recuse From Jan. 6 Cases Over Flag Controversy

By Katie Buehler

U.S. Supreme Court Justice Samuel Alito announced Wednesday that he will not recuse himself from deciding cases related to the Jan. 6, 2021, riot at the U.S. Capitol or former President Donald Trump's criminal immunity following reports that two flags used by protesters of Trump's 2020 election loss were flown outside his houses.

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NY Jury Eyes Trump Tower 'Conspiracy' As Deliberations Start

By Frank G. Runyeon, Rachel Scharf and Stewart Bishop

Jurors in Donald Trump's criminal hush money trial ended their first day of deliberations Wednesday without a verdict, as the panel appeared to home in on testimony about a key 2015 meeting where the alleged scheme was hatched.

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Coverage Recap: Day 1 Of Deliberations In Trump's NY Trial

By Stewart Bishop

Law360 reporters are providing live updates from the Manhattan criminal courthouse as Donald Trump goes on trial for allegedly falsifying business records related to hush money payments ahead of the 2016 election. Here's a recap from the first day of deliberations Wednesday.

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Colo. Suspends Ex-Trump Atty For Aiding Ga. Election Lies

By Thy Vo

A Colorado disciplinary judge has suspended Jenna Lynn Ellis from practicing law in the state for three years over her guilty plea in a Georgia election interference case, after the former attorney and legal adviser to Donald Trump disavowed her actions in a letter that admitted, "I was wrong."

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Menendez Trial Judge Sticks With Order Barring Texts

By Carla Baranauckas

The federal judge presiding over the corruption trial of U.S. Sen. Robert Menendez announced Wednesday that he is holding firm to his decision barring prosecutors from using text messages to bolster their claims that the New Jersey Democrat took bribes in exchange for authorizing millions of dollars in aid for Egypt.

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Wash. Man Charged With Threatening To Kill Judge

By Madison Arnold

A Washington man is charged with intimidating a judge on allegations he threatened to kill Asotin County Superior Court Judge Brooke Burns, as well as her dog, Motley, after she oversaw his guilty plea to charges alleging he made threats to shoot up an elementary school and a county fair parade.

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Quinn Emanuel Atty Ducks Sanctions Over Musk Deposition

By Jake Maher

Quinn Emanuel Urquhart & Sullivan LLP partner Alex Spiro beat an attempt to sanction him for alleged "astonishingly unprofessional" conduct at a deposition while defending billionaire and investor Elon Musk from a defamation suit in Texas state court, but the suit survived a motion to dismiss, according to an order signed Wednesday.

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Interview

6 Questions For FCC Commissioner Anna Gomez

By Christopher Cole

A year after she was nominated for the Federal Communications Commission's third Democratic seat, Anna Gomez says she's steadily progressing toward goals tied to connectivity, innovation, public safety and media localism in what she calls the "best job I've had in my career."

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Interview

Acting Boston US Atty Says Fraud Cases Still High Priority

By Julie Manganis

Prosecuting a range of fraud cases despite finite resources will remain a priority for Massachusetts acting U.S. Attorney Joshua Levy as he enters his second year in the job, he told reporters on Wednesday in a question and answer session at his office.

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Meta's Policy On Threats List 'Sounds Nefarious,' Judge Says

By Dorothy Atkins

The California federal judge overseeing claims Meta blacklists certain adult performers questioned the social media giant's practice of keeping its list of dangerous organizations and individuals as a "living document" that changes constantly and isn't archived, saying the policy appears to destroy evidence and "sounds nefarious."

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Whistleblower Counsel Can't Get 'Exorbitant' $11.5M Fee

By Brian Dowling

A Boston federal judge slashed an "exorbitant" $11.5 million fee request made by counsel for a False Claims Act whistleblower in a case involving lab testing company Fresenius Medical Care, hammering the attorneys for inflated hourly rates, inflated time entries and a host of questionable billing practices.

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LAW FIRMS IN TODAY'S NEWS

Andrews & Springer

Ashby & Geddes

Baker Donelson

Barnes & Thornburg

Bass Berry

Bergeson LLP

Bernstein Litowitz

Bradley Arant

Buchalter APC

Chamberlain Hrdlicka

Cravath Swaine

DLA Piper

Dentons

Dewsnup King

Dowd Bennett

Durrell Law Group

Farrar & Ball

Finnegan

Friedman Oster

Gibbons PC

Gibson Dunn

Grant & Eisenhofer

Greenberg Traurig

Hogan Lovells

Holland & Knight

Husch Blackwell

Jones Day

Kaskela Law

King & Spalding

Kirkland & Ellis

Kramer Alberti

Levi & Korsinsky

Lowenstein & Weatherwax

Manatt Phelps

Milberg Coleman

Mishcon de Reya

Moore Kuehn

Morris Nichols

NechelesLaw

Parsons Behle

Paul Hastings

Paul Weiss

Quinn Emanuel

Reed Smith

Richards Layton

Richilano Shea

Rolnick Kramer

Ropes & Gray

Ross Aronstam

Shackelford Bowen

Sidley Austin

Spencer Fane

Squitieri & Fearon

Sullivan & Cromwell

Troutman Pepper

White and Williams

Wiley Rein

de Castro PC

COMPANIES IN TODAY'S NEWS

Amazon.com Inc.

Arena Investors LP

Brandeis University

Celadon Group, Inc.

Charge Enterprises Inc.

Delaware State Bar Association

Expedia Group Inc.

Fresenius Medical Care AG & Co. KGAA

GoDaddy Inc.

Google LLC

Instagram Inc.

Johnson Rice & Co. LLC

Moelis & Co.

Momentus Inc.

PJM Interconnection LLC

Pattern Energy Group LP

Pinterest Inc.

Savills Inc.

States United Democracy Center

Tesla Inc.

Twitter Inc.

eBay Inc.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Colorado Supreme Court

Delaware Court of Chancery

Federal Bureau of Investigation

Federal Communications Commission

Federal Energy Regulatory Commission

Federal Trade Commission

Manhattan District Attorney's Office

Marin County, California

National Telecommunications and Information Administration

U.S. Attorney's Office for the District of Massachusetts

U.S. Attorney's Office for the Southern District of New York

U.S. Court of Appeals for the District of Columbia Circuit

U.S. Court of Appeals for the Federal Circuit

U.S. Court of Appeals for the Third Circuit

U.S. Department of Commerce

U.S. Department of Defense

U.S. Department of Justice

U.S. Department of State

U.S. District Court for the District of Massachusetts

U.S. District Court for the Northern District of California

U.S. District Court for the Southern District of New York

U.S. House of Representatives

U.S. Patent and Trademark Office

U.S. Securities and Exchange Commission

U.S. Senate

U.S. Supreme Court

Washington Attorney General's Office

West Virginia Public Service Commission