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Bloomberg Law

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Where lawyers find legal news & analysis they can trust. ✉️ Newsletter: https://aboutblaw.com/blDx 🎧 Podcasts: https://aboutblaw.com/blDv

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The Trump administration’s plan to strip California of its coastal management funding is receiving pushback from lawmakers and environmentalists who say the move is a thinly veiled effort to remove regulatory barriers to oil and gas development and restrictions on SpaceX launches.

bit.lyCalifornia Regulator Resists Funding Threat Over SpaceX ReviewThe Trump administration’s plan to strip California of its coastal management funding is receiving pushback from lawmakers and environmentalists who say the move is a thinly veiled effort to remove regulatory barriers to oil and gas development and restrictions on SpaceX launches.

A federal judge in New Jersey called it “beyond unfortunate” that an apparent administrative oversight that caused Taiho Pharmaceutical Co. to miss a Patent Office deadline by a day could cost it $1 billion.

bit.lyTaiho May Lose $1 Billion From Missed Patent Extension DeadlineA federal judge in New Jersey called it “beyond unfortunate” that an apparent administrative oversight that caused Taiho Pharmaceutical Co. to miss a Patent Office deadline by a day could cost it $1 billion.

The Alexander brothers, two of whom were once among the nation’s top luxury real estate brokers, were each given 30 years in prison for using their wealth and glamorous lifestyles to traffic women for sex.

bit.lyAlexander Brothers Each Get 30 Years for Sex Trafficking (1)The Alexander brothers, two of whom were once among the nation’s top luxury real estate brokers, were each given 30 years in prison for using their wealth and glamorous lifestyles to traffic women for sex.

American International Group Inc. units asked for a rehearing after an Arkansas appellate court held the carriers were required to pay defense costs for Walmart Inc. in more than 2,400 opioid lawsuits, saying the decision was based on errors of law and fact.

bit.lyAIG Seeks Rehearing After Losing to Walmart on Opioid Case CostsAmerican International Group Inc. units asked for a rehearing after an Arkansas appellate court held the carriers were required to pay defense costs for Walmart Inc. in more than 2,400 opioid lawsuits, saying the decision was based on errors of law and fact.

The owner of the Dallas Cowboys Cheerleaders brand asked a Texas state court to bar emo rock band My Chemical Romance from repeating a concert act featuring women in their famous uniforms engaged in a mock gunfight.

bit.lyCowboys Cheerleaders Sue My Chemical Romance Over Stage Act GarbThe owner of the Dallas Cowboys Cheerleaders brand asked a Texas state court to bar emo rock band My Chemical Romance from repeating a concert act featuring women in their famous uniforms engaged in a mock gunfight.

Retirement industry groups urged the IRS to tweak its guidance around how workers shift money from one plan to another, cautioning that the initial provisions could prove costly for employers and create headaches for some savers.

bit.lyRetirement Groups Push IRS for Simple, Flexible Rollover RulesRetirement industry groups urged the IRS to tweak its guidance around how workers shift money from one plan to another, cautioning that the initial provisions could prove costly for employers and create headaches for some savers.

Mark Zuckerberg and other Meta Platforms Inc. board members were sued by a pension fund Tuesday over a capital restructuring that would let the Facebook founder keep corporate control while selling stock worth billions.

bit.lyZuckerberg Stock Deal, Meta Restructuring Hit With Challenge (2)Mark Zuckerberg and other Meta Platforms Inc. board members were sued by a pension fund Tuesday over a capital restructuring that would let the Facebook founder keep corporate control while selling stock worth billions.

West Virginia’s law restricting the publication of the home addresses and phone numbers of law enforcement and judicial officials violates the First and Fourteenth Amendments of the US Constitution, a federal appeals court ruled Tuesday.

bit.lyWest Virginia’s ‘Daniel’s Law’ Found to Violate Free Speech (1)West Virginia’s law restricting the publication of the home addresses and phone numbers of law enforcement and judicial officials violates the First and Fourteenth Amendments of the US Constitution, a federal appeals court ruled Tuesday.

The US derivatives regulator said it’s not going to crack down on software companies offering access to trading forums without certain registration requirements, a decision that will fuel the already explosive growth of prediction markets.

bit.lyCFTC Relief Opens Prediction Market Floodgates for App MakersThe US derivatives regulator said it’s not going to crack down on software companies offering access to trading forums without certain registration requirements, a decision that will fuel the already explosive growth of prediction markets.

The surge of litigation challenging how companies handle forfeited 401(k) money is spurring some employers to consider changing how their plans operate in hopes of cutting off a key argument plaintiffs have relied on.

bit.ly401(k) Forfeiture Lawsuits Push Employers to Revisit Plan TermsThe surge of litigation challenging how companies handle forfeited 401(k) money is spurring some employers to consider changing how their plans operate in hopes of cutting off a key argument plaintiffs have relied on.

Public and private industries are responding to regulation, litigation, and social pressures over PFAS by exploring whether emerging technologies destroy “forever chemicals” that don’t naturally break down in the environment.

bit.lyIndustries Driven by Risk, Regulation in Search to Destroy PFASPublic and private industries are responding to regulation, litigation, and social pressures over PFAS by exploring whether emerging technologies destroy “forever chemicals” that don’t naturally break down in the environment.

Sherrod Brown’s potential victory in his Ohio Senate race and Rep. Sean Casten’s bid for the top Democratic slot on the House’s banking panel are forcing Wall Street and the crypto industry to prepare for some of their toughest critics in new roles next Congress.

bit.lyCrypto Braces for Hostile Climate as Democrats Vie for Top PostsSherrod Brown’s potential victory in his Ohio Senate race and Rep. Sean Casten’s bid for the top Democratic slot on the House’s banking panel are forcing Wall Street and the crypto industry to prepare for some of their toughest critics in new roles next Congress.

A US Army special forces master sergeant must face charges of insider trading after he allegedly made more than $400,000 from Polymarket bets related to the military operation to capture then-Venezuelan President Nicolás Maduro.

bit.lySoldier Fails to Toss Insider Trading Charges Over Maduro RaidA US Army special forces master sergeant must face charges of insider trading after he allegedly made more than $400,000 from Polymarket bets related to the military operation to capture then-Venezuelan President Nicolás Maduro.

Opinion: The discomfort of not knowing and carefully reading shouldn't be optimized away for junior attorneys. For training, AI works best as a tool, rather than as the source for answers, write Cleary Gottlieb's Michael Gerstenzang and Kyle Harris.

bit.lyAI Rise Paradoxically Deepens the Imperative for Lawyer TrainingOpinion: The discomfort of not knowing and carefully reading shouldn't be optimized away for junior attorneys. For training, AI works best as a tool, rather than as the source for answers, write Cleary Gottlieb's Michael Gerstenzang and Kyle Harris.

A pension fund sued Mark Zuckerberg and other Meta Platforms Inc. board members Tuesday over a capital restructuring that would let the Facebook founder keep corporate control while selling stock worth billions.

bit.lyZuckerberg Stock Deal, Meta Restructuring Challenged in CourtA pension fund sued Mark Zuckerberg and other Meta Platforms Inc. board members Tuesday over a capital restructuring that would let the Facebook founder keep corporate control while selling stock worth billions.

Opinion: The controversy around a Third Circuit judge's involvement in her late spouse's business illustrates the need for more financial disclosure, including about spouses' economic relationships, Fix the Court's Cortez Collins and Gabe Roth say.

bit.lyJudge Mascott Flap Shows Financial Disclosures Reveal Too LittleOpinion: The controversy around a Third Circuit judge's involvement in her late spouse's business illustrates the need for more financial disclosure, including about spouses' economic relationships, Fix the Court's Cortez Collins and Gabe Roth say.

A US appeals court turned away the Trump administration’s request to force California to segregate mail-in ballots from a list of 20,000 suspected non-citizens who are purportedly registered to vote, saying a lower-court judge should hear the dispute first.

bit.lyDOJ Bid for Fast Ruling in California Voting Case RejectedA US appeals court turned away the Trump administration’s request to force California to segregate mail-in ballots from a list of 20,000 suspected non-citizens who are purportedly registered to vote, saying a lower-court judge should hear the dispute first.

Texas Gov. Greg Abbott (R) must let his Democratic opponent in the November election review more than a thousand pages of unredacted communications he’s had with billionaire Elon Musk, a judge ruled Monday.

bit.lyAbbott’s Elon Musk Records Can Be Seen by Election Opponent (2)Texas Gov. Greg Abbott (R) must let his Democratic opponent in the November election review more than a thousand pages of unredacted communications he’s had with billionaire Elon Musk, a judge ruled Monday.

Crowell & Moring partners rejected President Donald Trump’s ex-top air regulator Aaron Szabo for a job because they took issue with his tenure in the administration, two people familiar with the matter said.

bit.lyCrowell Partners Spurned Szabo for Job Before Pillsbury Hire (1)Crowell & Moring partners rejected President Donald Trump’s ex-top air regulator Aaron Szabo for a job because they took issue with his tenure in the administration, two people familiar with the matter said.

CORRECT: Anthropic PBC turned to a handful of Big Law firms ahead of its Monday filing of a prospectus detailing the terms of its upcoming initial public offering, including one firm in line to get a particularly lucrative slice of the artificial intelligence company.

bit.lyWilson Sonsini Poised to Get $200 Million Anthropic Stake (1)Anthropic PBC turned to a handful of Big Law firms ahead of its Monday filing of a prospectus detailing the terms of its upcoming initial public offering, including one firm in line to get a particularly lucrative slice of the artificial intelligence company.

Opinion: Manhattan District Attorney Alvin Bragg’s new corporate crime and antitrust task force adds another enforcement risk for companies doing business in New York — and for the executives who lead them.

bit.lyWhite-Collar Investigations Await New York Companies, ExecutivesOpinion: Manhattan District Attorney Alvin Bragg’s new corporate crime and antitrust task force adds another enforcement risk for companies doing business in New York — and for the executives who lead them.

Opinion: Companies that strengthen safeguards and align public statements with their actual practices will be best positioned to inform and protect consumers before an agentic AI attack puts their data at risk.

bit.lyAI Agents Going Rogue Creates a Liability Problem for CompaniesOpinion: Companies that strengthen safeguards and align public statements with their actual practices will be best positioned to inform and protect consumers before an agentic AI attack puts their data at risk.