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April 22, 2024 | The American Lawyer

A&O and Shearman Continue Lateral Hiring as Merger Date Approaches

Both law firms have continued to add, and lose, partners in the lead-up to the merger.
4 minute read
April 22, 2024 | Delaware Law Weekly

Antitrust Class Actions Surge Soaring Sugar Prices

The sugar producers insist the cases should go to the District of Delaware and, specifically, U.S. District Judge Maryellen Noreika, who oversaw the DOJ's four-day bench trial.
5 minute read
April 22, 2024 | Law.com

Soaring Sugar Prices Not So Sweet: Antitrust Class Actions Surge

Two years after the U.S. Department of Justice failed to block a $315 million merger between United States Sugar Corp. and Imperial Sugar Co., antitrust lawyers have lodged nearly two dozen class actions at the sugar industry.
5 minute read
In re: Walmart Inc. Sec. Litig.
Publication Date: 2024-04-22
Practice Area: Securities Litigation
Industry: Retail
Court: U.S. District Court of Delaware
Judge: District Judge Connolly
Attorneys:
For plaintiff: Brian E. Farnan, Michael J. Farnan, Farnan LLP, Wilmington, DE; Sara Fuks, The Rosen Law Firm, P.A., New York, NY for plaintiffs.
For defendant: Robert W. Whetzel, Raymond J. DiCamillo, John M. O'Toole, Richards, Layton & Finger, P.A., Wilmington, DE; Sean M. Berkowitz, Nicholas J. Siciliano, Latham & Watkins LLP, Chicago, IL for defendants.
Case number: 21-55-CFC

Stockholders failed to adequately plead that securities filings were materially false or misleading where statements adequately conveyed that the company was subject to investigations and securities laws did not require corporations to guess as to the likely outcome of such investigations.

April 19, 2024 | Law.com

Jury Trial Decline Results in Fewer Verdict-Related Appeals. Does it Matter?

"If there is not a robust pipeline of decisions going up and coming down where the appellate courts are providing guidance to trial judges, then the consequence is oftentimes a lot of wasted time," said attorney Ryan Baker.
7 minute read
April 18, 2024 | Law.com

What It Means to be a Law Firm Partner Now

Instead of moving lawyers to the equity ranks, or keeping them as associates or counsel, there is a shift inside Big Law to make more lawyers salaried partners.
6 minute read
April 17, 2024 | The Recorder

Ninth Circuit Affirms Dismissal of Securities Claims Against Gaming Platform

The three-judge panel ruled that the shareholders hadn't provided adequate facts to support their claims that Skillz, represented by Latham & Watkins, misled them.
2 minute read
April 17, 2024 | National Law Journal

Ninth Circuit Affirms Dismissal of Securities Claims Against Gaming Platform

The three-judge panel ruled that the shareholders hadn't provided adequate facts to support their claims that Skillz, represented by Latham & Watkins, misled them.
2 minute read
April 17, 2024 | The American Lawyer

Weil Revises Partner Pay Criteria, as Firm Plots Leadership Succession

Barry Wolf has led the firm since 2009 and will hit the firm's mandatory retirement age of 68 within the next four years.
6 minute read
April 16, 2024 | Texas Lawyer

Susman Godfrey Jumps to Am Law 100 Ranking, Joining 5 Other Homegrown Texas Firms

Four of the six homegrown Texas firms posted higher revenue in 2023, compared with the prior year, moving up in the Am Law 100 rankings.
2 minute read

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