Credit: freshidea/Adobe Stock Legal Departments Need to Declutter to Meet New Challenges, Report Says
"It's cleaning out the pipes more than necessarily reducing the number of them," said Phil Caruso, a principal and corporate counsel at Kearney.
August 11, 2022 at 03:48 PM
3 minute read
Legal Operations
The original version of this story was published on Corporate Counsel
A new report from global management consulting firm Kearney outlines how legal departments and general counsel for media companies can transform into stronger, more efficient strategic business partners and adapt to challenges facing the industry.
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Who Got The Work
Caroline Pignatelli of Cooley has entered an appearance for law firm Cooley, partner Matt Hallinan, retired partner Michael Tu and a pair of Cooley associates in a pending fraud lawsuit related to the firm's representation of startup company Carbon IQ and founder Benjamin Cantey. The case, filed Sept. 26 in New Jersey District Court by the DalCortivo Law Offices on behalf of Gould Ventures and member Jason Gould, contends that the defendants deliberately or recklessly concealed critical information from the plaintiffs regarding fraud allegations against Cantey. Gould claims that he would not have accepted a position on Carbon IQ's board of directors or made a 2022 investment in the company if the fraud allegations had been disclosed. The case, assigned to U.S. District Judge Robert Kirsch, is 3:24-cv-09485, Gould Ventures, LLC et al v. Cooley, LLP et al.
Who Got The Work
Attorneys from Skadden, Arps, Slate, Meagher & Flom have stepped in to represent PDD Holdings, the operator of online marketplaces Pinduoduo and Temu, in a pending securities class action. The case, filed Sept. 30 in New York Eastern District Court by Labaton Keller Sucharow and VanOverbeke, Michaud & Timmony, contends that the defendants concealed information that rendered the growth of PDD unsustainable and posed substantial risks to PDD’s business, including merchant policies that made it unprofitable for vendors to do business on PDD platforms; malware issues on PDD applications; and PDD’s failure to implement effective compliance systems. The case, assigned to U.S. District Judge Pamela K. Chen, is 1:24-cv-06881, Macomb County Retiree Health Care Fund v. Pdd Holdings Inc. et al.
Who Got The Work
Robert A. Fumerton, Scott D. Musoff, Michael C. Griffin and Judith 'Judy' A. Flumenbaum of Skadden, Arps, Slate, Meagher & Flom have entered appearances for PDD Holdings f/k/a Pinduoduo in a pending securities class action. The suit, filed Oct. 1 in New York Eastern District Court by the Rosen Law Firm, contends that the defendants concealed the company's sale of goods likely produced by forced labor and its efforts to install malware on users' phones, exacerbating the risk of regulatory and public scrutiny. The case, assigned to U.S. Magistrate Judge Joseph A. Marutollo, is 1:24-cv-06950, Shaw v. Pdd Holdings Inc. et al.
Who Got The Work
Nicholas M. DePalma and Christian R. Schreiber of Venable have stepped in to represent CP Management Services, CRS RB4 Holdings and other defendants in a pending breach-of-contract lawsuit. The suit was filed Aug. 30 in Virginia Eastern District Court by Greenberg Traurig on behalf of Daito Kentaku USA. The case, assigned to U.S. District Judge Claude M. Hilton, is 1:24-cv-01538, Daito Kentaku USA, LLC v. Comstock Partners, LC.
Who Got The Work
Wyatt, Tarrant & Combs partner Andrew J. Pulliam has entered an appearance for Steve Jensen in a pending breach-of-contract lawsuit. The action, filed Aug. 30 in Tennessee Middle District Court by the Law Office of Perry A. Craft on behalf of Timothy Robins, accuses the defendant of writing a worthless check for over $94,000 for the sale of auctioned goods. The case, assigned to U.S. District Judge Eli J. Richardson, is 3:24-cv-01064, Robins v. Jensen et al.
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